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☆ Levi Strauss trims guidance as it weighs sale of Dockers business
▼ + stars: | 2024-10-02 | by ( Gabrielle Fonrouge | In Gabrielle-Fonrouge | ) www.cnbc.com time to read: +5 min

Excluding one-time items, Levi's posted earnings of $132 million, or 33 cents per share. "We believe the exit of Dockers will allow both Dockers and Levi's to independently operate and maximize each other's value independently." Direct gainsBeyond Docker's, Levi's is making gains in growing its profitability as it continues to shift its focus to selling directly to consumers. During the quarter, Levi's direct channel was up about 10%, driven by strength in the U.S. and 16% growth in e-commerce. Overall, direct sales comprised 44% of total revenue and Levi's wants to get that number closer to 55%.

Persons: LEVI, Justin Sullivan, Levi Strauss, Levi's, Levi, khakis, …, Harmit Singh, Singh, Beyoncé, Michelle Gass Organizations: Dockers, LSEG, CNBC, of America Locations: U.S

☆ VMware customers report massive price increases since Broadcom takeover: 'Feels quite a bit like being held for ransom'
▼ + stars: | 2024-08-20 | by ( Rosalie Chan | Ashley Stewart | ) www.businessinsider.com time to read: +10 min

AdvertisementVMware customers report seeing massive price increases since Broadcom acquired VMware late last year, with some paying as much as 10 times as much for the same services. VMware price hikesDave Russell, senior vice president and head of strategy at Veeam, said his company saw a 300% price increase in the VMware products it's using. Hinkley said CloudBolt's customers have seen VMware price increases ranging from 140% to 600%. Hinkley said longtime VMware customers have spent years developing code and automation processes in their IT infrastructure specifically for running VMware products. Similarly, Virtuozzo CEO Alex Fine said over 200 providers approached his company as a result of the price increases.

Persons: —, Craig Hinkley, Rick Vanover, David Rowe, Dave Russell, he's, Russell, Hinkley, they'd, Forrester, Rowe, We've, Steve Tuck, Renee Wells, Wells, Alex Fine, We're, Fine, Rajiv Ramaswami, Ramaswami, Rosalie Chan, Ashley Stewart Organizations: VMware, Service, Broadcom, VMware's, Microsoft, Gartner, Oxide Computer, Rimini, Dell, Nutanix Locations: Rimini, rosal

☆ Levi's shares drop 12% as jeans maker's sales disappoint despite denim craze
▼ + stars: | 2024-06-26 | by ( Gabrielle Fonrouge | In Gabrielle-Fonrouge | ) www.cnbc.com time to read: +5 min

The jeans creator on Wednesday posted fiscal second quarter revenue that fell just short of Wall Street's expectations at a time when shoppers are stocking their wardrobes with denim dresses, skirts and ultra-low-rise baggy pants. It's not clear how sales at Docker's were affected by the timing of Levi's wholesale orders. The changes are necessary because nearly half of Levi's sales these days are coming from its own website and stores. During the quarter, wholesale revenue grew 7%, but excluding the shift in timing of wholesale orders, sales in the channel decreased 4%. Singh noted that wholesale revenue improved on a sequential basis, but the company has a "conservative" view of the channel's growth moving forward.

Persons: hasn't, Levi Strauss, Levi's, Harmit Singh, Singh, Michelle Gass Organizations: LSEG, Finance, CNBC, Levi's, Nike Locations: U.S, Europe, Macy's

☆ An abrupt exit at a Goldman Sachs-backed crypto bank spotlights the industry's tug-of-war with regulators
▼ + stars: | 2024-02-26 | by ( Rebecca Ungarino | ) www.businessinsider.com time to read: +13 min

Read previewWhen the chief executive of cryptocurrency startup Anchorage Digital posted a message in the company's "announcements" Slack channel in late November about an executive's departure, employees started buzzing. Just over a year after it received the charter, the OCC issued a consent order against Anchorage in April 2022. Regulators are aggressively scrutinizing crypto players and prioritizing monitoring crypto compliance. Regulators' viewThe OCC is now led by Michael Hsu, the former Federal Reserve regulator and self-described crypto skeptic who has viewed crypto companies' regulatory compliance in some areas as inadequate. A crypto bank would face risks in safeguarding digital assets in its custody, maintaining appropriate hedges in crypto-lending, and adhering to capital requirements specific to crypto assets, said Kim, who studies crypto and blockchain technology.

Persons: —, Georgia Quinn, Nathan McCauley's, McCauley, Goldman Sachs, Andreessen Horowitz, Quinn, Brian Brooks, CoinDesk, Oliver Wyman, FTI, Brooks, Michael Hsu, Hsu, Evelyn Hockstein, Mark duBose, Seoyoung Kim, University's, Kim, Diogo Mónica, Axel Springer, Mark McCombe, Max Levchin, BNY, Seyfarth Shaw, Ellenoff Grossman, it's Organizations: Service, Anchorage, Business, Citadel Securities, Apollo Global Management, Visa, OCC, Regulators, Securities, Exchange, IBM, KPMG, Anchorage Digital Bank National Association, Federal Reserve, Reuters, Business Insider, Santander Bank, University's Leavey School of Business, KKR, BlackRock, BNY Mellon Locations: Anchorage, United States, Santa, San Francisco, Portugal

☆ Meta's unique approach to developing AI puzzles Wall Street, but techies love it
▼ + stars: | 2023-10-16 | by ( Jonathan Vanian | ) www.cnbc.com time to read: +18 min

If the world's leading AI researchers use Llama, Meta could have an easier time hiring skilled technologists who understand the company's approach to development. Spisak helped oversee PyTorch and other open source AI projects when he worked at Meta from 2018 until January 2023. Although a number of open source LLMs are available, Lambert said Llama 2 is by far the most popular. "Facebook was not and that's sort of how they move forward and democratizing this, giving sort of broad access to open source. However, open source doesn't always win, and Padval acknowledged that "in this case, I don't know how it's going to evolve."

Persons: Mark Zuckerberg, Josh Edelson, Mark Zuckerberg's multibillion, Joseph Spisak, that's, Zuckerberg, Meta, Andrew Bosworth, Yann LeCun, isn't, Susan Li, Spisak, Cai GoGwilt, GoGwilt, OpenAI's, Ahmad Al, Dahle, he's, Jim Fan, Arjun Bansal, Jensen Huang, Nathan Lambert, Lambert, Critics, Umesh Padval, " Lambert, Nvidia's, Fan, Meta's, Taka Ariga, Ariga, Claude, Elon Musk, Tesla, Nur Hamdan, OpenAI's GPT, Sam Altman, Guido Appenzeller, Thomvest's Padval, Padval Organizations: Meta, AFP, Getty, Microsoft, Industry, Linux, Microsoft Windows, Facebook, Twitter, Finance, Google, AI Research, FAIR, Apple, Nvidia, Web Services, Thomvest Ventures, TC Cowen, United, United Arab Emirates, U.S, Government, AWS, Bloomberg, Amazon, VMware, Intel, Red Hat Locations: Menlo Park , California, Taiwan, United Arab, Washington, Elon, Hamadan, Seoul, South Korea

☆ Subway is giving out free Cadbury Creme Egg sandwiches in the UK ahead of Easter weekend — and it is surprisingly not a late April Fools' joke
▼ + stars: | 2023-04-06 | by ( Aaron Mcdade | ) www.businessinsider.com time to read: +2 min

Subway is debuting a new sandwich that will be given out at four UK locations on Good Friday. The sandwich features the chain's Italian bread, with melted Cadbury Creme Eggs inside. The sandwich chain assured Insider the creation is not a late April Fools' Day joke, as some have speculated — or hoped. "Our Italian White Bread and Cadbury Creme Eggs make the most flavorsome combination — a perfect seasonal treat!" "The highly-anticipated Creme Egg season is in full swing and we're so excited to launch this innovative product with Subway as a final hoorah of the season," Cadbury Creme Egg brand executive Charlotte Docker said.

☆ Two Vertex Ventures partners: types of founders, companies they're betting in the downturn with firm's new $200 million early-stage cloud-startup fund
▼ + stars: | 2022-09-28 | by ( Paayal Zaveri | ) www.businessinsider.com time to read: +5 min

Vertex Ventures, an early-stage cloudtech-focused VC firm, raised $200 million for its third fund. Insider spoke to two partners about what they look for in a founder and why they raised a fund now. Vertex Ventures, an early-stage venture-capital firm focused on cloud and enterprise technology, has raised its third fund. Data security is another adjacent area they're interested in, as well a vertical software, or software focused on serving specific industries. Along with this new fund, Vertex has promoted Bhadra to the rank of general partner alongside the three existing general partners, including Heiliger.

☆ A.O. Centrul de Drept al Femeilor anunță termen extins privind concursul de oferte pentru selectarea prestatorului în vederea elaborării unei soluții IT/ aplicație mobilă
▼ + stars: | 2021-06-21 | by ( Alte Articole | ) www.civic.md time to read: +8 min

Misiunea CDF este de a contribui la prevenirea și combaterea violenței împotriva femeilor și a violenței în familie în Republica Moldova. ASPECTE ORGANIZAȚIONALEObiectivSelectarea prestatorului (echipă de dezvoltatori IT sau companie IT) în vederea dezvoltării unei aplicații mobile pentru asistarea și oferirea suportului fetelor și femeilor victime ale violenței în familie. ResponsabilitățiElaborarea conceptului tehnic detaliat al aplicației mobile (inclusiv documentația tehnica). Aspecte de organizareContractantul va lucra în afara oficiului CDF și va participa la toate ședințele legate de realizarea sarcinilor. Bugetul pentru dezvoltarea aplicației va fi vizibil separat de bugetul mentenanței aplicației.

Persons: Jenkins, M . Kogălniceanu Organizations: Organizația Locations: Republica Moldova, Suediei, Docker, Kubernetes, Chișinău, Moldova

☆ A.O. Centrul de Drept al Femeilor anunță Concurs pentru selectarea prestatorului în vederea elaborării unei soluții IT/ aplicație mobilă
▼ + stars: | 2021-05-05 | by ( Alte Articole | ) www.civic.md time to read: +8 min

Misiunea CDF este de a contribui la prevenirea și combaterea violenței împotriva femeilor și a violenței în familie în Republica Moldova. ASPECTE ORGANIZAȚIONALEObiectiv:Selectarea prestatorului (dezvoltatorilor IT sau companie IT) în vederea dezvoltării unei soluții IT de tip aplicație mobilă pentru asistarea și oferirea suportului fetelor și femeilor victime ale violenței în familie. Responsabilități:Elaborarea conceptului tehnic detaliat al soluției IT/ aplicației mobile (inclusiv documentația tehnică). Aspecte de organizare :Contractantul va lucra în afara oficiului CDF și va participa la toate ședințele legate de realizarea sarcinilor. Pentru mai multe informații despre Centrul de Drept al Femeilor, vă rugăm să accesați ToR aplicație mobilă.

Persons: Jenkins, M . Kogălniceanu Organizations: Organizația Locations: Republica Moldova, Suediei, Docker, Kubernetes, Chișinău

☆ The 15 fastest-growing jobs in India — and the skills they require, according to LinkedIn
▼ + stars: | 2019-12-12 | by ( Karen Gilchrist | ) www.cnbc.com time to read: +10 min

It then identified the skills typically required for each role and in which cities the greatest number of jobs were concentrated. Here are India's top 15 emerging jobs of 2020, the skills they require and where the most jobs are, according to LinkedIn. Top industries hiring for this role: Information technology and services, computer software, internet, marketing and advertising, financial services. Top industries hiring for this role: Information technology and services, computer software, internet, financial services, e-learning Skills you need: Node.js, MogoDB, Javascript, MySQL Where the jobs are: Bengaluru, Mumbai, New Delhi4. Top industries hiring for this role: Information technology and services, computer software, accounting, management consulting, information services Skills you need: UiPath, Automation Anywhere, Blue Prism, process automation, SQL Where the jobs are: Bengaluru, Mumbai3.

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