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☆ China's 'ruinous' EV price war cannot last forever, says Volkswagen exec
▼ + stars: | 2024-11-23 | by ( Chris Johnston | Daniel Zwick | ) www.businessinsider.com time to read: +4 min

AdvertisementVolkswagen is committed to China despite a "ruinous" domestic EV price war, its brand chief says. Volkswagen remains firmly committed to China despite a "ruinous" EV price war by domestic rivals that has hit overseas automakers hard, its boss said. VW group sales in China fell by 12% in the first nine months of this year amid the rising popularity of models made by domestic manufacturers. Toyota maintained its top spot in the world for the fourth consecutive year in 2023, selling 11.2 million vehicles globally — about 2 million more than the VW group. "We build cars in China for China; the same is happening in Europe and North America.

Persons: Thomas Schäfer, Schäfer, Axel Springer, Mary Barra, Wang He, Donald Trump's, Trump, Elijah Nouvelage Organizations: Volkswagen, VW, Welt, Business, General, Rival German, BMW, Mercedes, Benz, Audi, Porsche, Labor, Toyota Locations: China, Germany, Europe, Spain, Czech Republic, Portugal, Slovakia, USA, Mexico, Canada, Chattanooga , Tennessee, North America

☆ Here's what analysts are saying about Nvidia earnings
▼ + stars: | 2024-11-21 | by ( Meghan Morris | Chris Johnston | ) www.businessinsider.com time to read: +4 min

CEO Jensen Huang said more Blackwell chips will be delivered this quarter than previously estimated. Nvidia delivered another strong set of quarterly results on Wednesday, sparking positive initial reactions among the company's analysts. Nvidia observers were keeping a close eye on any mention of Blackwell chips, the popular next-generation chips in high demand. Nvidia will deliver more Blackwell chips this quarter than previously estimated, Huang said, and demand exceeds supply as expected. AdvertisementHSBC analysts wrote in a note that they expect "significant" earnings upside for the 2026 financial year despite gross margin pressure.

Persons: Jensen Huang, Blackwell, Trump, aren't, Robert Lea, Huang, Dan Ives, AI Jensen, Konstantin Oldenburger, Stephen Yiu Organizations: Nvidia, Bloomberg Intelligence, Wedbush Global Tech Team, CMC Markets, Deutsche Bank, HSBC, Bloomberg Locations: Asia

☆ Ford cuts 4,000 jobs in Europe amid weak demand for EVs and rising competition
▼ + stars: | 2024-11-20 | by ( Chris Johnston | ) www.businessinsider.com time to read: +2 min

AdvertisementFord is cutting 4,000 jobs in Europe after "significant losses" in its passenger vehicle operations. The company also cited rising competition and weaker-than-expected demand for EVs. Ford CFO John Lawler called for joint industry action in a letter to the German government. Ford said it would cut 4,000 jobs in Europe by the end of 2027 amid rising competition and weaker-than-expected demand for EVs. Earlier this month, Japanese automaker Nissan announced 9,000 layoffs and a 20% cut in global production amid falling sales in the US and China.

Persons: John Lawler, Ford, Dave Johnston, Lawler Organizations: Ford, General Motors, Nissan, Dodge Locations: Europe, Germany, Cologne, EVs, Detroit, China

☆ Trump's Treasury Secretary: The best commentary about who the president-elect should nominate
▼ + stars: | 2024-11-18 | by ( Chris Johnston | ) www.businessinsider.com time to read: +6 min

After announcing a swathe of names for his Cabinet, president-elect Donald Trump appears to be conducting auditions for his Treasury Secretary. AdvertisementHere's some of the best commentary we've seen about the race to be the next Treasury Secretary. Blowups somewhere are inevitable, and a Treasury secretary needs the experience to deal with the fallout in a way that reassures markets. There could now be a contest for Treasury Secretary where … the no1 job is reassuring the markets. In return he might be rewarded with the job of treasury secretary.

Persons: Donald Trump, Scott Bessent, Howard Lutnick, Marc Rowan, Kevin Warsh, Cantor Fitzgerald, Trump, Rowan, Apollo, Jay Powell, Warsh, Powell, hasn't, Kyle Bass, Mike Allen, You've, Ian Bremmer, Marco Rubio, Mike Waltz, Biden, Mr Lutnick, Mr Trump, … Mr Lutnick, …, Mr Lutnick's, John Thune, Jeff Stein Organizations: Key Square Capital Management, Apollo Global Management, Federal Reserve, New York Times, The Times, Times, Hayman Capital Management, X, Trump's, Treasury, CNBC, Trump, Fed, White, National Economic Council, Eurasia Group, Bloomberg, The, The Washington Post Locations: X U.S, Eurasia, Washington, United States, The Washington

☆ Europe fines Meta almost $840 million for linking Marketplace to Facebook
▼ + stars: | 2024-11-14 | by ( Chris Johnston | ) www.businessinsider.com time to read: +3 min

On Thursday, the European Commission fined Meta almost 798 million euros (about $840 million). AdvertisementMeta was fined almost 798 million euros (about $840 million) for breaching European rules by linking Facebook Marketplace to its social network Facebook and imposing unfair trading conditions on other classified platforms. The European Commission said Thursday that all Facebook users are "regularly exposed to Facebook Marketplace whether they want it or not." AdvertisementVestager said Meta's "conduct benefited Facebook Marketplace and gave it "advantages that other online classified ads service providers could not match." Advertisement"The reality is that people use Facebook Marketplace because they want to, not because they have to."

Persons: Meta, —, Margrethe Vestager, Vestager Organizations: European, Meta, Service, Facebook, European Commission

☆ Meet the mastermind behind 'Mamma Mia!' — the musical that's been playing in London for 25 years
▼ + stars: | 2024-07-28 | by ( Chris Johnston | ) www.businessinsider.com time to read: +9 min

"Mamma Mia!" AdvertisementBjorn Ulvaeus and Benny Andersson at the London premiere of "Mamma Mia! "Mamma Mia!" Dave M. Benett/Getty ImagesThe film's huge success meant a sequel was always on the cards — and "Mamma Mia! musical, Craymer had a stint as chair of Universal Music that spanned its stock market debut in September 2021.

Persons: —, Meryl Streep, Pierce Brosnan, Colin Firth, Judy Craymer, Mia, Craymer, Benny Andersson, Björn Ulvaeus, Abba, Tim Rice, Cramer didn't, Bjorn Ulvaeus, Wiktor Szymanowicz, Catherine Johnson, Phyllida Lloyd, Johnson, Lloyd, Andersson, Ulvaeus, I'm, — I'm, they're, Streep, Donna, Bertolt Brecht's, Courage, Ashley Lilley, Amanda Seyfried, Stellan Skarsgård, Julie Walters, Dominic Cooper, Dave M, Cher, Mamma Mia, Meryl, Pierce, Cameron Mackintosh, Andrew Lloyd Webber, Bruce Milton Miller, Richard East, Taylor Swift, Lucian Grainge, Michael Buckner Organizations: Service, Business, London, Cher, London's Guildhall School of Drama, Fairfax Media, Universal, Variety Locations: London, Swedish, New York, Cannes, North America, Sweden

"Not seeking re-election is one of the most selfless acts we've seen from a politician in modern American history," he continued. Hoffman added that Harris "is the right person at the right time," noting that Trump and Vance's agenda will "wreak havoc on the American people." "When presented with the choice between Kamala Harris and Donald Trump, I believe in the American people to make the right decision for our country," he wrote. I wholeheartedly support Kamala Harris and her candidacy for President of the United States in our fight for democracy in November." In January Hoffman donated $2 million to the Granite for America super PAC, which led a write-in campaign in New Hampshire for Biden's campaign.

Persons: Reid Hoffman Kimberly White, Reid Hoffman, Joe Biden, Hoffman, Harris, Trump, Kamala Harris, Donald Trump Organizations: LinkedIn, Biden, Granite, America, PAC Locations: United States, New Hampshire

☆ Jeff Bezos' plan for The Washington Post is imploding
▼ + stars: | 2024-06-21 | by ( Kieran Corcoran | Chris Johnston | ) www.businessinsider.com time to read: +1 min

Jeff Bezos is trying to end a financial catastrophe at The Washington Post, employing new leaders. But on Friday a crucial player, Robert Winnett, decided not to join and helm the newsroom after all. AdvertisementJeff Bezos has grand plans to remake The Washington Post. The incoming editor for the newsroom — Robert Winnett, the golden boy of the UK's Daily Telegraph newspaper — pulled out of the job Friday morning. He ditched the role after a slew of revelations about his own past as a writer in London and that of Will Lewis, the Washington Post publisher and old friend who tapped him for the top job.

Persons: Jeff Bezos, Robert Winnett, —, Will Lewis Organizations: Washington Post, Service, Daily Telegraph, Business Locations: London

☆ I drove a Tesla for the first time. It's perfectly fine — but still left me underwhelmed.
▼ + stars: | 2024-06-19 | by ( Chris Johnston | ) www.businessinsider.com time to read: +5 min

Read previewRegular readers of Business Insider know that we write rather frequently about Elon Musk and Tesla, his electric car maker. That's because he's a fascinating character, Tesla is a fascinating company — and we know you like reading about both. I downloaded the Tesla app on my iPhone and the owner added me to his account, meaning no physical key was needed. The trunk of the Tesla Model 3 could fit quite a lot of luggage. If I had to sum it up in a sentence, it'd be this: the Tesla was just a bit boring.

Persons: —, Elon, Tesla, I'd, Elon — I'm Organizations: Service, Business, BI, Oxford, Radcliffe, UCG, Tesla, Elon, Ford Locations: Atlanta, London, America, Oxford

☆ It's 50 years since Abba won the Eurovision Song Contest — and you can still see their concert in London
▼ + stars: | 2024-05-11 | by ( Chris Johnston | ) www.businessinsider.com time to read: +6 min

Yes, the Swedish popsters who split up in 1982 and took about four decades to decide to make a new album, have the Abba Arena in London. The 3,000-capacity venue is home to Abba Voyage, which put the foursome back on stage when it opened in May 2022. Abba Voyage has been playing in London since May 2022. It's hard to convey exactly what the Voyage experience is like, but it's mainly a deeply weird mix of time travel and technology crossed with amazing pop. Bjorn Ulvaeus, Agnetha Faltskog, Anni-Frid Lyngstad, and Benny Andersson at the opening night of Abba Voyage in London in May 2022.

Persons: —, Taylor Swift, — Abba, Abba, It's, Benny, Bjorn, Anni, frid, Frida, Conchita Wurst, Chris Johnston, you've, Mia, Ludvig, Bjorn Ulvaeus, Agnetha Faltskog, Frid, Benny Andersson, Ian West, Mike Prior Organizations: Service, —, Olympic Games, Business, London, Bloomberg, Pophouse Entertainment, Wembley Arena Locations: Swedish, London, Malmo, Sweden

☆ Meet the diehard music fan who runs one of the world's busiest arenas
▼ + stars: | 2024-04-20 | by ( Chris Johnston | ) www.businessinsider.com time to read: +7 min

London's O2 Arena is one of the world's busiest and sold a record 2.5 million tickets last year. The venue is managed by Steve Sayer, a music fan who previously worked for Manchester City. The O2 Arena presents comedy, boxing, UFC, esports and even monster trucks as well as music. AdvertisementIt may not be the world's most famous, but London's O2 Arena is now one of the busiest. Elton John on his "Farewell Yellow Brick Road" Tour at the O2 Arena in April 2023.

Persons: Steve Sayer, —, Tom Jones, James Bond, Jason Derulo, Luke Dyson Sayer, Ateez, Olivia Rodrigo, Noah Kahan, Prince, Sayer, Elton John, Monty Python, Adele, Simone Joyner, they're, Philip Anschutz, Dua Lipa, Karwai Tang, Joseph Okpako, there'd, that's, Madonna, Kevin Mazur AEG, It's, Liam Gallagher, Girls, Billy Joel's Organizations: London's O2, Manchester City, O2 Arena, UFC, Service, O2, AEG, London, AEG Europe, Billboard, The O2, WWE, Gorillaz, National Health Service, Qatar Airways, Madison Locations: Manchester, Paris, Berlin, Hamburg, Dua, London, New, COVID

☆ 'Mr Bates vs the Post Office' — the TV drama that shook Britain — comes to PBS
▼ + stars: | 2024-04-07 | by ( Chris Johnston | ) www.businessinsider.com time to read: +9 min

"Mr Bates vs the Post Office" had a remarkable impact after airing in Britain and now comes to PBS. Jo Hamilton, who ran the Village Shop and Post Office in South Warnborough, Hampshire, was wrongly convicted of theft in the Post Office Horizon scandal. ITVThe program focused on Alan Bates, who along with his partner invested in a post office store in Wales in 1998. Why did the Post Office — which has been owned by the government since 2012 – continue to prosecute people when there were doubts about the software? Advertisement"Mr Bates vs the Post Office" is being broadcast on PBS weekly from Sunday April 7.

Persons: Mr Bates, —, Rishi Sunak, Seema Misra, Peter Huxham, Martin Griffiths, Julian Wilson, Jo Hamilton, Adrian Dennis, Toby Jones, who's, Harry Potter, Alan Bates, Bates, wasn't, John Beer of, –, Kevin Hollinrake, Gwyneth Hughes, Innocent, Paula Vennells, Vennells, it's, James Strong, we'd, Polly Hill Organizations: PBS, Service, ITV, of, Post, Japan's Fujitsu, Office, Getty, Journalists, Computer, BBC, Post Office, Guardian, Fujitsu, Financial Times, subpostmasters, Channel Locations: Britain, Ellesmere Port, Liverpool, South Warnborough, Hampshire, AFP, Wales, John Beer of Farnham, Surrey

☆ I drove BYD's Seal electric car and Elon Musk may be grateful you can't buy one in the US
▼ + stars: | 2024-03-29 | by ( Chris Johnston | ) www.businessinsider.com time to read: +1 min

BYD has overtaken Tesla as the world's biggest maker of electric vehicles. I drove a Seal for a week and was impressed by its stylish design, features and crazy acceleration. The Seal is a similar price to Tesla's Model 3 in the UK — but BYD is not a well-known make. AdvertisementLast year BYD overtook Tesla as the world's biggest seller of electric vehicles. I borrowed a BYD Seal in Excellence trim, which also boasts all-wheel drive, for a week.

Persons: BYD, Tesla, —, It's Organizations: Tesla's, Service, Volkswagen Locations: China, London

☆ Donald Trump is just hours away from a $457 million deadline
▼ + stars: | 2024-03-25 | by ( Chris Johnston | ) www.businessinsider.com time to read: +2 min

Donald Trump faces a Monday deadline for paying a bond to New York state. The payment follows last month's verdict that Trump and his company inflated the value of assets. The NY attorney general may move to seize Trump's assets if he fails to pay in time. AdvertisementDonald Trump is hours away from a deadline to pay a $457 million bond to New York Attorney General Letitia James . Trump's debt rises daily by $111,984 in interest , meaning he owes New York state another $1 million every nine days.

Persons: Donald Trump, Trump, —, Letitia James, Judge Arthur Engoron Organizations: NY, Service, New York, Trump Organization, New York Times Locations: New York, New

☆ This tiny EV is the most ridiculous 'car' I've ever driven — but it's also a blast
▼ + stars: | 2024-03-10 | by ( Chris Johnston | ) www.businessinsider.com time to read: +1 min

The Ami is most ridiculous "car" I've ever driven — but it turns heads and is a lot of fun too. I thought I knew what to expect, but it wasn't until the "car" was driven off the trailer that I realized I'd taken custody of a large lawnmower. A large electric lawnmower. The Ami (French for "friend") also looked like it'd been washed in an army surplus cycle. Appropriately enough I almost made a new friend before I'd even parked, as a passer-by asked if I'd just bought it.

Persons: Ami, —, Ram, Romeo —, I'd Organizations: Service, Dodge, Peugeot Locations: London

☆ Prepare for house price growth to slow, says First American chief economist
▼ + stars: | 2024-02-22 | by ( Chris Johnston | ) www.businessinsider.com time to read: +3 min

First American's chief economist told Fortune that lower mortgage rates will cool price growth. First American chief economist Mark Fleming told Fortune that the pace of price growth has likely topped out because mortgage rates are poised to decline this year. The hikes fueled an increase in 30-year mortgage rates to more than 8% in October — a two-decade high. AdvertisementLower mortgage rates promise to boost demand, as buyers will be able to afford more expensive homes once again. "Shark Tank" investor Barbara Corcoran disagreed, predicting they would pop by 15% or 20% once mortgage rates dropped to about 5%.

Persons: Fortune, —, Mark Fleming, Sellers who'd, they'd, Fleming, Elon Musk, Barbara Corcoran Organizations: Service, First, Business

☆ Suicides, jail, and wrongful convictions — but it took the TV drama 'Mr Bates vs the Post Office' to bring them justice
▼ + stars: | 2024-01-13 | by ( Chris Johnston | ) www.businessinsider.com time to read: +8 min

Martin Griffiths, 59, jumped in front of a bus in 2013 after being falsely accused of theft at his post office branch in Ellesmere Port, near Liverpool. Jo Hamilton, who ran the Village Shop and Post Office in South Warnborough, Hampshire, was wrongly convicted of theft in the Post Office Horizon scandal. ITVThe program focused on Alan Bates, who along with his partner invested in a post office store in Wales in 1998. Why did the Post Office — which has been owned by the government since 2012 – continue to prosecute people when there were doubts about the software? "Mr Bates vs the Post Office" is available in the UK on ITVX.

Persons: It's, Mr Bates, Rishi Sunak, Seema Misra, Peter Huxham, Martin Griffiths, Julian Wilson, Jo Hamilton, Adrian Dennis, Toby Jones, who's, Harry Potter, Alan Bates, Bates, wasn't, John Beer of, —, –, Kevin Hollinrake, Gwyneth Hughes, Innocent, Paula Vennells, Vennells, it's, James Strong, we'd, Polly Hill Organizations: Service, Business, ITV, Post, of, Japan's Fujitsu, Office, Getty, Journalists, Computer, BBC, Post Office, Guardian, Fujitsu, Financial Times, subpostmasters Locations: Britain, Ellesmere Port, Liverpool, South Warnborough, Hampshire, AFP, Wales, John Beer of Farnham, Surrey

☆ He wanted to be a trombone player. Instead, he ended up as CEO of one of the world's biggest airlines.
▼ + stars: | 2023-11-26 | by ( Chris Johnston | ) www.businessinsider.com time to read: +8 min

He's been CEO of European airline easyJet for the past six years. AdvertisementIn a parallel universe, Johan Lundgren would have become a professional musician and never ended up as CEO of one of the world's biggest airlines. "I like people, and I like travel," Lundgren tells Business Insider in a faint Swedish accent during an interview in central London. He spent many years at TUI, one of Europe's biggest travel companies, rising to deputy CEO by the time he left in 2015. AdvertisementIt's the UK's biggest airline and is first or second in many other markets too.

Persons: Johan Lundgren, He's, Lundgren, —, Swede, easyJet, Charles de Gaulle, Charles de, It's, I've, didn't, Bob Jordan, EasyJet, Stelios Stelios Haji, he's, that's, Michael O'Leary, Filipo Monteforte, Ryanair's Michael O'Leary, O'Leary Organizations: easyJet, Service, Royal College of Music, Soviet Union, SAS, Southwest Airlines, Ryanair, British Airways, London Gatwick, Southwest, UK's, Airbus, Getty Locations: Britain, London, Stockholm, Leningrad, Russia, Soviet Union, Soviet, TUI, Majorca, Europe, Charles, Paris, Charles de Gaulle, easyJet, Ukraine, Sweden, Canada, Toronto, AFP

☆ Hotel Chocolat's cofounders are about to become $180 million richer after Mars made a takeover bid
▼ + stars: | 2023-11-16 | by ( Chris Johnston | ) www.businessinsider.com time to read: +3 min

Mars is offering almost $700 million to buy Hotel Chocolat. AdvertisementThe cofounders of Hotel Chocolat stand to become about $180 million richer after Mars offered to buy the upmarket chocolatier for £534 million ($673 million.) Thirlwell stands to make £91 million ($112 million) and Harris £53 million ($65 million) from the Bounty and Mars maker's offer. Hotel Chocolat has 131 stores in the UK. Mars would keep the company "special" while helping it grow, Clarke told Bloomberg, including opening more Hotel Chocolat stores in the UK.

Persons: Angus Thirlwell, Peter Harris, —, Thirlwell, Harris, Peter Dazeley, Andrew Clarke, Mars Snacking, Clarke Organizations: Service, British, London Stock Exchange, Bloomberg Locations: British, Chocolat, Chocolat's, Japan, Peel, London

☆ Music publishers sue Amazon-backed AI company, accusing it of 'systematic and widespread' infringement of song lyrics
▼ + stars: | 2023-10-19 | by ( Chris Johnston | ) www.businessinsider.com time to read: +4 min

The Amazon-backed AI company is accused of "systematic and widespread infringement" of song lyrics. AdvertisementAdvertisementThe AI company that Amazon recently took a $4 billion stake in is being sued by a trio of music companies, which have accused the startup of "systematic and widespread infringement of their copyrighted song lyrics." The suit against Anthropic was filed in Nashville on Wednesday by Universal Music Group Publishing (UMGP), along with Concord Music Group and ABKCO. UMGP is part of Universal Music Group, the world's biggest music company. The AI company is also accused of infringing material under copyright even when not specifically asked to do so.

Persons: —, Anthropic, Claude, Katy Perry, Matthew J . Oppenheim Organizations: Universal Music Group Publishing, Nashville Wednesday, Business, Service, Amazon, Wednesday, Concord Music, Universal Music Group, Oppenheim Locations: Nashville, UMGP, San Francisco, Anthropic

☆ Billionaire Chewy cofounder Ryan Cohen takes over as GameStop CEO
▼ + stars: | 2023-09-28 | by ( Chris Johnston | ) www.businessinsider.com time to read: +2 min

Ryan Cohen was announced as the new CEO of GameStop on Thursday. AdvertisementAdvertisementGameStop has a CEO once again after Ryan Cohen, the billionaire founder of Chewy, was appointed Thursday. Cohen had been executive chairman since early June after CEO Matt Furlong was shown the door. Cohen, who's the largest investor in GameStop with a 12.1% stake, sold Chewy in 2017 for $3.3 billion. Cohen first took a stake in GameStop in 2020 and joined its board in January 2021 before becoming chairman that June.

Persons: Ryan Cohen, Chewy, —, Cohen, Matt Furlong, Furlong, Keith Gill, Kitty, Paul Dano, Gill, David Organizations: GameStop, Service, Amazon, Forbes, YouTube, Sony Pictures

☆ Citadel Securities is locked in a legal battle with 2 ex-staff who left to start a crypto firm and say they're victims of 'corporate bullying'
▼ + stars: | 2023-09-24 | by ( Chris Johnston | ) www.businessinsider.com time to read: +6 min

The venture has faced legal challenges by Citadel Securities, whose European arm filed a case in London in June 2022. Portofino said in its initial response that Citadel's legal action was "unmeritorious, anticompetitive and a classic example of corporate bullying." AdvertisementAdvertisementIn January 2022 Griffin sold a $1.2 billion stake in Citadel Securities to venture capital firms Sequoia and Paradigm. "Further, their attempt to improperly poach Vincent Prieur, a New York-based employee described as the 'aggregator of all things crypto' at Citadel Securities, is undisputed. Prieur, who later joined Portofino, had also been the subject of legal action by Citadel Securities that was settled out of court, Bloomberg reported.

Persons: Alex Casimo, Leonard Lancia, Ken Griffin, Griffin, Peter Thiel, Slack, Zalando, Portofino, Casimo, it's, Peng Zhao, Matt Huang, Lancia, poach Vincent Prieur, Prieur Organizations: Citadel Securities, Portofino Technologies, Citadel, New, Service, Ventures, Global Founders Capital, Global Founders, Lancia, London Court, Portofino, Court, Southern, of, Sequoia, Paradigm, Financial Times, Bloomberg Locations: New York, Wall, Silicon, Miami, Swiss, London, Europe, of New York, Portofino

☆ CNN is reportedly in talks to bring in a British boss to clean up Chris Licht's mess
▼ + stars: | 2023-08-28 | by ( Chris Johnston | ) www.businessinsider.com time to read: +4 min

Two British media figures have been linked with the top job at CNN, Semafor reported. Mark Thompson, the former New York Times Company CEO, is the "leading candidate," per the outlet. Not one, but two, British media figures have been linked with the role, Semafor first reported. Before an eight-year stint as The New York Times boss, he was director-general of the BBC. The decision to launch CNN Max comes about year after the company axed CNN+.

Persons: Semafor, Mark Thompson, James Harding, Chris Licht, Licht, Donald Trump, He'd, Jeff Zucker, Thompson, he'd, Semafor's Ben Smith, David Zaslav, Oli Scarff, Harding, WBD, CNN Max Organizations: CNN, New York Times Company, BBC News, Morning, The, Street Journal, New York Times, BBC, Financial Times, Washington DC, Max Locations: British, London, AFP, Asia, Washington

☆ The music industry is now driven by data, but this CEO still makes decisions based on 'gut feel and instinct'
▼ + stars: | 2023-07-29 | by ( Chris Johnston | ) www.businessinsider.com time to read: +7 min

Mushroom Records was founded in Australia in the 1970s by Michael Gudinski. Kylie Minogue started her recording career on Mushroom Records. Mariano Regidor/Getty ImagesWhile many decisions in the music business are now driven by data, "gut feel and instinct" remain part of the equation for his company at least. Kylie Minogue performs at the Mushroom Records 25th anniversary concert in Melbourne in 1998. Michael Gudinski founded Mushroom Records in 1972.

Persons: Michael Gudinski, Matt, Matt Gudinski, it's, That's, Beyonce, Taylor Swift, Ed Sheeran, TayTay, Matt Jelonek, that's, Kylie Minogue, Jimmy Barnes, Vance Joy, Madonna, Don Arnold, Gudinski, Michael, Minogue, Sheeran, Sting, Bruce Springsteen, Mariano Regidor, – I'm, Martin Philbey, Mushroom's, There's, Mushroom Organizations: Mushroom Records, Morning, YouTube, Mushroom Group, Touring, Getty, Victorian, ABC, Mushroom, Spotify, Universal Music, Coldplay, Universal Locations: Australia, New Zealand, Perth, Melbourne, Madrid, Spain, Europe, North America

☆ Rosie O'Donnell says she was asked about running for SAG-AFTRA president but suggested Fran Drescher instead
▼ + stars: | 2023-07-22 | by ( Chris Johnston | ) www.businessinsider.com time to read: +2 min

Rosie O'Donnell says she was asked about running for SAG-AFTRA president in 2021. She told The Wall Street Journal she didn't want to run, but suggested Fran Drescher instead. Rosie O'Donnell told The Wall Street Journal that the SAG-AFTRA had been in touch before its most recent election in 2021 to ask if she was interested in running as president. She said she wasn't interested but suggested they contact her friend Drescher instead, because of her "Norma Rae-like ability to inspire." She can succinctly choose the words that are going to have the most impact in the smallest amount of time," O'Donnell told the newspaper.

Persons: Rosie O'Donnell, Fran Drescher, O'Donnell, Norma Rae, She's, AFTRA, wasn't, Drescher, Jay Clendenin, Matthew Modine, Joely Fisher, Modine, Fisher Organizations: SAG, Wall Street, Wall Street Journal, LA Times Locations: Los Angeles

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