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A Delta flight attendant slashed a co-worker and hotel security guard after a late night and early morning of heavy, “blacked out” drinking, officials said Wednesday. Smith and “several other coworkers were returning to their” riverfront hotel when he started bickering with the victim, New Orleans police said in a statement. While Smith was booked for attempted murder, defense lawyer Thomas Calogero said his client shouldn’t be charged with that alleged crime once the case reaches prosecutors. Calogero said he highly doubts his client will ever be able to work as a flight attendant again. I mean I’m sure he’s going to lose his job at Delta,” the lawyer said.

Persons: Joshua Smith, Smith, “, Thomas Calogero, Calogero, ” Organizations: New Orleans police, Poydras, Delta, Association of Locations: New Orleans

☆ September disappearance of Connecticut woman Denise Leary leaves family baffled
▼ + stars: | 2024-11-25 | by ( Kyani Reid | ) www.nbcnews.com time to read: +7 min

Joshua’s mom, Denise Leary, has been missing for two months. Denise, Joshua, and Morgan Joshua Leary“I loved it,” Joshua said of growing up in Atlanta. Denise Leary Joshua WebbeJoshua says he couldn’t see who was picking his mother up, and that she returned home safe later in the night. Denise Leary Joshua LearyNew Haven police “began the investigation and for the first two weeks they were on it,” Joshua Webbe said. NHPD confirmed Denise’s phone was located and said “an analysis is still being conducted” but did not indicate where the phone was found.

Persons: “, ” Joshua Webbe, Denise Leary, “ I’m, ” Joshua, Denise, Brother Michael Leary, ”, Joshua, Morgan, Morgan Joshua Leary “, Michael Leary, Michael, Joshua Webbe, Denise Leary Joshua Webbe Joshua, couldn’t, didn’t, ’ ” Joshua, ’ ”, ” Denise’s, NHPD, Denise Leary Joshua Leary, Haven police “, he’ll, she’s, can’t, “ That’s, that’s, She’s, ” Michael Leary, I’ll, ” Denise, 5’11 Organizations: New Haven Police Department, Dateline, Authorities, Haven police Locations: New Haven , Connecticut, Connecticut, Atlanta, New Haven, “, Westport , Connecticut, Hamden , Connecticut, Dixwell, Haven

☆ Opinion | In America, if Everything Is a Public Health Crisis, Nothing Is
▼ + stars: | 2024-11-21 | by ( Jeneen Interlandi | ) www.nytimes.com time to read: +3 min

The best and worst developments in public health have always come from moments of crisis. But many of the elixir victims were very young children, and agency officials wasted no time spinning the incident up into a national crisis. The public grew skeptical of the effort when the vaccines were linked to an extremely rare but serious side effect. “It was supposed to be this great triumph,” says Joshua Sharfstein, a professor at the Johns Hopkins Bloomberg School of Public Health and author of “The Public Health Crisis Survival Guide.” “But it ended up seeding a generation of vaccine hesitancy instead.” The takeaway from these and similar parables is clear, Dr. Sharfstein says: Crisis can be a powerful catalyst for shaping policy and improving society. The United States is in what can only be described as an epoch of crisis.

Persons: Sulfanilamide, ”, Joshua Sharfstein, Sharfstein, —, it’s Organizations: and Drug Administration, Centers for Disease Control, Fort, Johns Hopkins Bloomberg School of Public Health Locations: Fort Dix, United States, Republic

☆ Burberry shares are down 40%. One hedge fund manager says the stock offers 'good value' right now
▼ + stars: | 2024-11-20 | by ( Ganesh Rao | ) www.cnbc.com time to read: +4 min

Luxury retailer Burberry 's shares present an attractive investment opportunity after the company revealed a new turnaround strategy, according to hedge fund manager David Neuhauser. The stock, which is also traded in the U.S. and Germany, remains down around 40% year-to-date, however. UBS said Burberry was the only luxury retailer not to report "weak organic sales growth" in the latest quarter. "I think Burberry has a good turnaround in place with a new CEO," Neuhauser added, while cautioning that the recovery might take longer than expected. "I think over some time, a good turnaround by Burberry, with strong leadership, could really see the stock price increase.

Persons: David Neuhauser, Neuhauser, CNBC's, Livermore, they're, Zuzanna Pusz, Burberry, –, Joshua Schulman, Rogerio Fujimori, Adam Cochrane, FactSet, — CNBC's Karen Gilchrist Organizations: Burberry, Livermore Partners, UBS, Deutsche Bank, Stifel Locations: London, U.S, Germany, Asia, Swiss

☆ Jake Paul faces Mike Tyson in boxing event unlike any other
▼ + stars: | 2024-11-15 | by ( Jonny Velasquez | ) edition.cnn.com time to read: +9 min

On Friday, Paul steps into the ring for perhaps his most high-profile fight to date against former heavyweight champion Mike Tyson. Mike Tyson, I thought that was a cute slap, buddy, but tomorrow you’re getting knocked the f*ck out. After the postponement of their initial fight in July, Paul went on to defeat bare-knuckle boxing champion Mike Perry with a sixth round TKO. Mike Tyson and Jake Paul will contest their professional boxing bout on November 15. “Then, I’d retire after that.”After winning a boxing world championship, Paul plans to take his talents to mixed martial arts.

Persons: CNN —, Jake Paul, Paul, Mike Tyson, “, ” Paul, Mike, Tyson, Eddie Hearn, ” Hearn, Hearn, Canelo Álvarez, Oleksandr Usyk, Dmitry Bivol, Katie Taylor, Anthony Joshua, ” Joshua, Jonathan Ross, YouTuber, ” Tyson, Michael Loccisano, Michael Spinks, Larry Holmes, Clifford Etienne, Roy Jones Jr, “ I’m, He’s, I’m, Ariel Helwani, you’re, ”, they’re, Logan ., ‘, Jake Paul ’ –, YouTuber Ali Eson Gib, Nate Robinson, Tyron Woodley, Anderson Silva, Nate Diaz, Tommy Fury, Tyson Fury, Fury, Diaz, Andre August, Ryan Borland, Mike Perry, Nakisa Bidarian, Amanda Serrano, Taylor, Ed Mulholland, Serrano, Bidarian, ” Bidarian, I’d Organizations: CNN, Disney, T, Paul, Dallas Cowboys, UFC, Irish, Getty, “, MMA Locations: Arlington , Texas, British, Puerto Rican

☆ Embattled fashion house Burberry reveals massive overhaul sending shares to an all-time high
▼ + stars: | 2024-11-14 | by ( Karen Gilchrist | ) www.cnbc.com time to read: +3 min

Analysts responded positively to the news, pointing to a potential "turning point" for the embattled brand. The plans were delivered alongside Burberry's 2024 interim results, which saw sales fall 20% for the second consecutive quarter. A 'turning point' for embattled BurberryThe underperformance comes amid a wider slowdown in the luxury sector, with the personal luxury goods market set to contract 2% this year. Mamta Valechha, consumer discretionary analyst at Quilter Cheviot, described it as a "turning point in what has been a very difficult period." Pedestrians walk past the window display of the store of British fashion label Burberry, in central London, on September 2, 2024.

Persons: Kevin Lee, Schulman, Joshua Schulman, Michael Kors, Burberry, Burberry Schulman, Burberry's, Piral Dadhania, Dadhania, Mamta, Cheviot, Henry Nicholls Organizations: Getty, Burberry, RBC Capital Markets, Afp Locations: Shanghai, London

☆ Loss-making Burberry puts focus back on trench coats in a turnaround plan
▼ + stars: | 2024-11-14 | by ( ) edition.cnn.com time to read: +3 min

Burberry will use its British heritage appeal to win back customers by focusing on trench coats and scarves and be less ambitious with prices on bags and shoes, the loss-making luxury brand said in a revamp that sent its shares up sharply. “We took pricing too high across the board,” Schulman told investors and analysts, setting out his assessment of what went wrong at Burberry. Pricing strategy shiftSchulman told reporters Burberry would add more lower-priced “entry-level” products to its range as part of a pricing shift. But he said Burberry’s positioning would remain in luxury and there were no plans to make it an “accessible” luxury brand. Leather goods and shoes underperformed in the first half, Burberry said, while outerwear did better than average.

Persons: Joshua Schulman, “, ” Schulman, Burberry, Cara Delevingne, Little Simz, Olivia Colman, Schulman, Michael Kors, Daniel Lee, outerwear, Italy’s Moncler Organizations: Burberry Locations: China, outerwear, Bottega

☆ Burberry launches urgent turnaround plan to save the brand
▼ + stars: | 2024-11-14 | by ( Maria Noyen | ) www.businessinsider.com time to read: +2 min

AdvertisementBurberry's CEO Joshua Schulman says the brand is undergoing an urgent "course correct." The strategy aim comes as the luxury brand reports revenue plummeted 22% in its interim results. Things have gone from bad to worse at Burberry, the beleaguered British luxury brand. Dubbing the strategic shift "Burberry Forward," the market has responded positively, with shares rising 14% in early trading on Thursday. Cara Delevigne is a longtime Burberry brand ambassador and stars in one of its new campaigns.

Persons: Joshua Schulman, Burberry, Schulman, Jelena Sokolova, I've, Louis Vuitton, Cara Delevigne, Lexie Moreland, Barry Keoghan, Jonathan Akeroyd Organizations: Burberry, Morningstar, Getty, British, Moncler Locations: British, WWD, China

The Summary A new lawsuit challenges Louisiana’s classification of abortion medications as controlled dangerous substances. A group of Louisiana health care providers and reproductive rights advocates are suing the state over a new law that classifies abortion pills as controlled dangerous substances. It’s the first time a state has classified abortion pills as controlled substances. In Louisiana, abortion is largely banned, so the law has not had a major impact on abortion access. The Louisiana law established a crime known as “coerced abortion” — intentionally giving a pregnant woman abortion pills without her knowledge or consent.

Persons: —, misoprostol, Allison Zimmer, ” Zimmer, ”, Nancy Davis, Liz Murrill, “, ” Murrill, Zimmer, Louisiana Sen, Thomas Pressly’s, Catherine Herring, ” —, “ Ms, Pressly, Davis, Kaitlyn Joshua, Joshua, ” Joshua Organizations: American College of Medical Toxicology Locations: Louisiana, mifepristone, Texas, Baton Rouge

☆ Boston pizzeria owner gets 8.5 years in prison for forced labor of undocumented workers
▼ + stars: | 2024-10-29 | by ( Marlene Lenthang | Marlene Lenthang Is A Breaking News Reporter For Nbc News Digital. | ) www.nbcnews.com time to read: +4 min

The owner of a Boston area pizza chain who forced undocumented victims to work for him in grueling conditions, and under violent physical abuse and threats of deportation, has been sentenced to over eight years in prison. He was convicted in a jury trial on three counts of forced labor and three counts of attempted forced labor in June. The sentencing of Papantoniadis marks just the latest in a string of complaints over labor practices at his businesses. In 2019, the business owners were ordered to pay more than $300,000 in back wages, according to NBC Boston. The Massachusetts Attorney General’s Office said it received three complaints since 2019 against Stash’s Pizza, similarly over wage and hour violations.

Persons: Stavros Papantoniadis, “ Papantoniadis, “, Papantoniadis, ” Papantoniadis, Carmine Lepore, ” Lepore, Joshua S, Levy, ” Levy, Stash’s Pizza, Stavros “ Steve ” Papantoniadis, Polyxeny “ Paulina ” Papantoniadis Organizations: U.S, Attorneys, District, NBC, United, NBC Boston, U.S . Department of Labor, Stash’s, Co, Weymouth Pizza Co, General’s Locations: Boston, pizzerias, Dorchester, Roslindale, Massachusetts, Norwood, United States, Norwell, Randolph, Weymouth, Wareham

Michael Flynn speaking at a ReAwaken America Tour event in Manheim, Pennsylvania on October 21, 2022. But he is suing the ReAwaken America Tour and The America Project as part of separate defamation lawsuits. Funding a sham 2020 election auditFlynn’s efforts to cast doubt on the 2020 election results were only getting started when Trump left office. Clay Clark on stage at the final stop of the ReAwaken America Tour event 17 days before the 2024 election. ‘Don’t just finish on Election Day’Consequences have mounted for others who echoed Trump election lies during and after the election.

Persons: Donald Trump’s, Michael Flynn, Flynn, Eric Coomer, Coomer, ” Flynn, “, Chris Cuomo, Alex Jones ’, Rod, Trump, ”, Katy, ” Flynn –, –, MAGA, ‘, they’ve, Mark Peterson, Joseph, Mike Flynn, he’s, Olivia Troye, Mike Pence, Troye, ” Troye, Kamala Harris, Dominion —, “ Eric Coomer, Joshua Steinman, Sidney Powell, Rudy Giuliani, Josh, ” Powell, Joe Biden, Steinman, Guy, Michael Lindell, Patrick Byrne, they’re, Christopher Demspey, William Barr, Dominion, Powell, Donald, Tayfun, Jamie Raskin, ” Raskin, Joseph Flynn, Overstock.com, Byrne, Dempsey, ” Joseph Flynn, Michael Flynn’s, Joe Biden’s, Biden, Matt York, Doug Logan, Logan, won’t, Clay Clark, Clark, Carrie Schreck, Joe Oltmann, Oltmann, Eric ”, ‘ Don’t, Powell –, Jenna Ellis, Giuliani, retakes, Flynn’s, Elon Musk, We’ve Organizations: CNN, Dominion Voting Systems, Dominion, ReAwaken, Trump, Iron Ministries, Defense Intelligence Agency, Fox News, America, National Security Council, White, Lindell, ReAwaken America, The America, TAP, National, FBI, Justice Department, Department of Homeland, Defense, Capitol, Washington DC, Anadolu Agency, Getty, Democrat, Coomer, America Project, Veterans Memorial Coliseum, Colorado podcaster, Republican National Committee, Elon Locations: ReAwaken America, Pennsylvania, Manheim , Pennsylvania, Afghanistan, Russian, Washington, Arizona, Maricopa, Florida, Phoenix, Georgia, Oklahoma, Tulsa, ”, Fulton County, Georgia, New York, America, Selma , North Carolina

☆ SpaceX sues California regulator, claiming launches blocked due to Elon Musk’s politics
▼ + stars: | 2024-10-16 | by ( Clare Duffy | ) edition.cnn.com time to read: +4 min

New York CNN —Elon Musk’s SpaceX has accused a California regulator of political discrimination after it voted to block the rocket company from conducting more launches on the state’s central coast. SpaceX also conducts commercial launches from the base to deliver its Starlink satellites into orbit. But the California Coastal Commission opposed the plan. At the meeting, commissioners “raised other concerns wholly unrelated to coastal effects,” SpaceX alleged in the complaint, filed in California Central District Court. Joshua Smith, public information officer for the California Coastal Commission, told CNN the agency declined to comment on the lawsuit.

Persons: New York CNN — Elon, “, Mike, Wilson, ‘, Musk, ’, Gretchen Newsom, Newsom, Gavin Newsom, Donald Trump, Hurricane Helene, Joe Biden, Kamala Harris, Biden, Kamala, ”, Joshua Smith Organizations: New, New York CNN, SpaceX, California Coastal, US Air Force, US Space Force, NASA, Vandenberg Space Force Base, California Coastal Commission, Court, US Justice Department, “, FEMA, ”, California Gov, CNN Locations: New York, California, Santa Barbara , California

☆ 'Hope he's okay' — Harris mocks Trump over town hall music interlude, as he stonewalls on health records
▼ + stars: | 2024-10-15 | by ( Kevin Breuninger | ) www.cnbc.com time to read: +5 min

But Trump also doubled down on his refusal to release his own health records — which Harris and her running mate, Minnesota Gov. Trump's campaign event Monday night was billed as a town hall where Trump would take questions from South Dakota Gov. Harris' medical history includes seasonal allergies and hives, but she has never experienced severe symptoms, Dr. Joshua Simmons wrote in the two-page letter. A day after releasing her records, Harris blasted Trump at a campaign rally in North Carolina. "He refuses to release his medical records," Harris said at a campaign rally in North Carolina on Sunday.

Persons: Donald Trump, Kamala Harris, Donald Trump's, Harris, Trump, Tim Walz, Kristi Noem, Maria, Noem, Andrea Bocelli, Sinead O'Connor's, James Brown's, Steven Cheung, Bruce Aronwold, Ronny Jackson, Cheung, Jackson, Joshua Simmons, Simmons Organizations: Republican, Greater, Greater Philadelphia Expo, Fairgrounds, Democratic, Trump, Minnesota Gov, South Dakota Gov, CBS News, CNBC, White, CBS Locations: Greater Philadelphia, Oaks , Pennsylvania, Philadelphia, Pennsylvania, Texas, North Carolina, America

Simmons also wrote that the vice president eats a healthy diet and engages in regular daily aerobics and core strength training. Harris' last medical exam in April was "unremarkable," Simmons said, adding that all of her routine exams and bloodwork were "normal." The report noted Harris' skin was "normal apart from mild sun damage in sun-exposed areas." Presidential candidates typically release their medical records, and presidents tend to have annual exams. This is the first time Harris' medical records have been made public.

Persons: Kamala Harris, Joshua Simmons, she's, Simmons, Harris, Donald Trump, Bruce Aronwold, Trump, Joe Biden's, Biden, Sleepy Joe, ”, Sen, JD Vance, “, he’s Organizations: State, CBS, Trump, Fox News

☆ Harris’ doctor reports she’s in ‘excellent health,’ as her campaign looks to draw a contrast with Trump
▼ + stars: | 2024-10-12 | by ( ) www.cnbc.com time to read: +2 min

Vice President and Democratic presidential candidate Kamala Harris arrives for a campaign event at the Dort Financial Center in Flint, Michigan, October 4, 2024. Vice President Kamala Harris is in "excellent health" and "possesses the physical and mental resiliency" required to serve as president, her doctor said in a letter released Saturday that summarizes her medical history and status. As Harris' office released the medical report, her campaign highlighted recent media reports raising questions about Trump's health and mental acuity and his failure to provide information about health status and medical history. Since Biden was replaced on the ticket with Harris, Trump's own health has drawn more attention. Last November, Trump marked Biden's birthday by releasing a letter from his physician that reported the former president was in "excellent" physical and mental health.

Persons: Kamala Harris, Joshua Simmons, Harris, Republican Donald Trump, Trump, Simmons, Joe Biden's, Biden Organizations: Democratic, Dort Financial, U.S . Army, State, Republican, Trump Locations: Dort, Flint , Michigan

☆ 'SNL' recreates iconic Univision show 'Sábado Gigante' in a nostalgic Spanish-language skit
▼ + stars: | 2024-10-07 | by ( Kaitlyn Schwanemann | Kaitlyn Schwanemann Is An Intern For Nbc News. | ) www.nbcnews.com time to read: +2 min

The “SNL” skit ends with all of the zany characters breaking out into song alongside Joshua, who is still confused. Viewers were impressed with how well “SNL” captured the over-the-top and eccentric nature of “Sábado Gigante” that they remember from their childhoods, and took to social media to voice their praise. “This SNL sketch about Sábado Gigante is funny because it’s exactly like Sábado Gigante,” one X user wrote. “Sábado Gigante sketch on SNL was both hilarious and accurate. “I want to thank @marcellohdz and @nbcsnl for bringing to memory those special moments of our dear Sábado Gigante,” Kreutzberger wrote in Spanish.

Persons: I’m, ” Joshua, “, Don Francisco’s, Joshua, “ El, “ Sábado Gigante ”, curt, SNL ”, Sábado, Sábado Gigante, “ Sábado, Steven Castillo, ” Kreutzberger, Instagram, ” Don Francisco Organizations: SNL, Guinness, Associated Press, NBC News Locations: Miami, Mexican American, Chilean, U.S

☆ Shares of generator maker soar, insurance stocks fall as Hurricane Milton intensifies
▼ + stars: | 2024-10-07 | by ( Spencer Kimball | Yun Li | ) www.nbcnews.com time to read: +1 min

Shares of backup power generation company Generac Holdings surged more than 7% on Monday as Hurricane Milton rapidly strengthened into a Category 5 storm. Hurricane Milton is forecast to move north of the Yucatan Peninsula on Monday and Tuesday before crossing the Gulf of Mexico to approach the west coast of Florida by Wednesday, according to the National Hurricane Center. Hurricane Milton comes on the heels of Hurricane Helene, which killed more than 220 people and wrought devastation across the Southeast, particularly in North Carolina. Insurance stocks that have weather catastrophe exposure, meanwhile, are falling on potential insured losses tied to Hurricane Milton. Allstate, Travelers and Chubb saw their shares fall more than 3%, while Progressive and AIG all declined more than 1%.

Persons: Hurricane Milton, Generac, Hurricane Helene, Chubb, Milton, Joshua Shanker Organizations: Generac Holdings, Hurricane, National Hurricane Center, North Carolina . Insurance, Hurricane Milton, Allstate, Travelers, Progressive, AIG, Universal Insurance, Bank of America, Colorado State University, Research Locations: Hurricane, Yucatan, Mexico, Florida, Tampa, North Carolina, Fort Lauderdale , Florida

The move, experts say, isn’t based on medical science but instead on ongoing efforts from anti-abortion advocates to restrict access to abortion medications in states with near-total bans, like Louisiana. During a medication abortion, mifepristone is given first, followed by misoprostol one to two days later. According to the new law, it’s not a crime for a patient to possess the medications if they were prescribed to them. Hospitals don’t need to remove misoprostol from hemorrhage carts, the spokesperson added, or hesitate to administer misoprostol to patients experiencing health emergencies. The testimony “illustrated that easy access to these drugs can be dangerous to pregnant women,” Murrill said in the statement.

Persons: — mifepristone, misoprostol, Jennifer Avegno, ”, Greg Caudill, ” Avegno, “, mifepristone, it’s, Tamika Thomas, Magee, ” Thomas, “ We’re, Avegno, don’t, Liz Murrill, ” Murrill, Roe, Wade, Kaitlyn Joshua, ‘, ’ ” Joshua, Joshua —, —, ” Joshua, Lisa Boothby, ’, ” Boothby, They’ll, Boothby, You’re Organizations: New, New Orleans Health Department, NBC, Louisiana Society of Addiction, Gynecology, Louisiana Department of Health, Louisiana Society of Health, System, Physicians, Louisiana Legislature Locations: Louisiana, New Orleans, America, Baton Rouge

☆ Eddie Hearn: Boxing promoter predicts possible 2025 clash between Anthony Joshua and Tyson Fury
▼ + stars: | 2024-09-21 | by ( Ben Morse | Amanda Davies | ) edition.cnn.com time to read: +4 min

CNN —Two of British boxing’s biggest names in recent years – Anthony Joshua and Tyson Fury – have seemed destined to face off for a while now. But the plan has always been to see Anthony Joshua become undisputed,” Hearn told CNN’s Amanda Davies. “I mean, is there a person in the world who doesn’t want to see Tyson Fury fight Anthony Joshua? Richard Pelham/Getty Images“And I don’t think AJ can retire, I don’t think Fury can retire, I don’t think I can retire either until we get those two in the ring. “As he’s now 34, he’s long in the game, he’s very experienced, I don’t think he’s afraid to let people know how desperately he wants to win.

Persons: – Anthony Joshua, Tyson Fury –, Daniel Dubois, Eddie Hearn, Joshua, Dubois, Fury, Oleksandr Usyk, Hearn, we’ll, Anthony Joshua, ” Hearn, CNN’s Amanda Davies, Tyson Fury, Turki Al, AlShaikh, Richard Pelham, AJ, Dubois . Dubois, –, Filip Hrgović, Liam Gallagher, Noel, Hearn didn’t, Wladimir Klitschko, – Hearn, he’s, “ Organizations: CNN, British, IBF, Wembley, CNN Sport, Saudi Arabia’s General Entertainment Authority, Getty Locations: Riyadh, Dubois ., Usyk, British

☆ This new air-to-air missile appears to be the US Navy's answer to the growing reach of China's weapons
▼ + stars: | 2024-09-04 | by ( Chris Panella | ) www.businessinsider.com time to read: +7 min

The missile helps to close the gap between US capabilities and those of China, which is fielding new beyond-visual-range air-to-air missiles with reach. Related storiesIn the most recent Pentagon report on Chinese military developments, officials noted its work on "beyond-visual-range air-to-air missiles." The PL-15 was China's answer to the US AIM-120D Advanced Medium-Range Air-to-Air Missile (AMRAAM). U.S. Navy photo by Mass Communication Specialist 2nd Class Isaiah B. GoesslThe air-to-air missile range game is expected to continue though. As the Pentagon noted in its report, China is at work on its air-to-air missiles, and the US is likewise working on next-generation systems like the AIM-260.

Persons: —, Carl Vinson, Douglas Barrie, pBur3mhRQs, 0L2bNLgTUi —, Justin Bronk, Joshua Sapien, It's, Bronk, Zheng Shuai, China's, Isaiah Organizations: Service, US Navy, AIM, Business, Navy, Hornets, Nimitz, Hawaii's, People's Liberation Army Air Force, International Institute for Strategic Studies, U.S . Navy, 0L2bNLgTUi — Doha, US AIM, Air Missile, Royal United Services, Hornet, RIM, Getty, Navy's, Observers, American, aircraft, Pentagon Locations: China, Washington

☆ Burberry's FTSE relegation confirms a long fall from grace for the luxury fashion icon
▼ + stars: | 2024-09-04 | by ( Karen Gilchrist | ) www.cnbc.com time to read: +6 min

The company slipped into the FTSE 250 during September's quarterly rebalancing, index provider FTSE Russell said in a statement, bringing its 15-year run in the U.K. large-cap FTSE 100 blue-chip index to a close. The company's current market cap of £2.34 billion ($3.06 billion) now puts it well below the other constituents of the FTSE 100, as well as some of the top performers in the FTSE 250. As such, funds that invest in the FTSE 100 will exit their Burberry holdings. The luxury label's addition to the FTSE 100 in September 2009 was taken as a further mark of its enduring appeal and its resilience, even amid the global financial crisis. The luxury sector as a whole has suffered from a prolonged downturn in consumer spending amid inflationary pressures and broader economic uncertainty.

Persons: Dave Rushen, Burberry Burberry's, Edward Berthelot, —, Joshua Schulman, Luca Solca, Bernstein, Michael Kors, Josh Schulman, Solca, Burberry, Piral Dadhania, Richard Chamberlain, Schulman, Gerry Murphy, Cole Smead, Henry Nicholls, Smead, Hugo Boss, Gucci, Kering Organizations: UNITED, Burberry, New Bond, Getty, LONDON, Burberry Group, Russell, London Stock Exchange, jittery, CNBC, RBC, Sky News, Smead Capital Management, Afp Locations: UNITED KINGDOM, Basingstoke, England, British, U.S, London, China, Asia, Japan

☆ 48-year-old founded 'Moms on Mushrooms' to share the practice of microdosing for mental health
▼ + stars: | 2024-08-10 | by ( Renée Onque | ) www.cnbc.com time to read: +10 min

Tracey Tee founded Moms on Mushrooms, a platform where moms can discuss, both online and in person, their interest and experiences with microdosing psilocybin mushrooms. "Some girlfriends invited me to a camping trip that summer [in 2020] to just camp out with some moms," Tee says. She lives in Colorado where psilocybin mushrooms are legal to grow, use and share. So, Tee sought out an alternative solution for managing her mental health as she began to wean herself off the SSRI: microdosing psilocybin mushrooms. Moms on Mushrooms is the platform Tee created for moms to discuss their interest and experiences with psilocybin mushrooms.

Persons: Tracey Tee, Tee, that's, wean, Tee wasn't, Microdosing, microdosing, Louis, Joshua Siegel, Siegel Organizations: Lancet, Facebook, CNBC, Washington University School of Medicine, Washington University, NYU Langone Health, Center, Psychedelic Medicine, Psychedelic Locations: Colorado, St

☆ Burberry shares drop 11% after the luxury giant issues profit warning and replaces CEO
▼ + stars: | 2024-07-15 | by ( Katrina Bishop | ) www.cnbc.com time to read: +1 min

Shares in Burberry plunged 11% in early trading on Monday after a disappointing first-quarter performance led it to issue a profit warning, replace its CEO and axe its dividend. The luxury giant said that if the recent trading slowdown continues, it expects to report an operating loss for the first half of this year and full-year operating profit below current consensus. It also suspended its dividend and named Joshua Schulman — who formerly led Michael Kors and Coach — as new CEO. Jonathan Akeroyd is stepping down "with immediate effect by mutual agreement with the Board," the company added. Burberry said comparable store sales fell 21% in the 12 weeks to June 29, with retail revenue coming in at £458 million for the period.

Persons: Joshua Schulman —, Michael Kors, —, Jonathan Akeroyd, Burberry, Gerry Murphy Organizations: Burberry, Asia Pacific Locations: EMEIA, Europe, East, India, Africa, Americas

☆ Burberry Replaces C.E.O. Amid ‘Disappointing’ Results
▼ + stars: | 2024-07-15 | by ( Gregory Schmidt | More About Gregory Schmidt | ) www.nytimes.com time to read: +1 min

Burberry, the British luxury brand, on Monday reported falling sales, suspended its dividend and replaced its chief executive, as it grapples with a pullback in spending by consumers on high-end fashion and related goods. Burberry said revenue fell more than 20 percent in its latest quarter, which ended June 29. To bolster its balance sheet, Burberry paused its dividend. The company named Joshua Schulman as its new chief executive, replacing Jonathan Akeroyd, who is leaving the company immediately. The abrupt departure of Mr. Akeroyd, a fashion industry veteran who was previously chief executive of Versace and Alexander McQueen, came less than two and a half years after he was tapped to run Burberry.

Persons: ” Gerry Murphy, Burberry, Joshua Schulman, Jonathan Akeroyd, Akeroyd, Versace, Alexander McQueen Organizations: Burberry Locations: London

☆ Burberry CEO is out after company warns about its profit
▼ + stars: | 2024-07-15 | by ( Jordan Valinsky | ) edition.cnn.com time to read: +2 min

New York CNN —British luxury brand Burberry is replacing its chief executive following another disappointing quarter in which sales plunged more than 20%. Jonathan Akeroyd is leaving Burberry with “immediate effect,” the company said in its earnings release Monday, and replacing him with Joshua Schulman, a luxury wear veteran that has held CEO roles at Coach and Michael Kors. A global slowdown on spending on luxury goods has also forced Burberry to issue a profit warning, and it scrapped its dividend. “There is a sense that Burberry has been on the back foot and that Jonathan Akeroyd’s revitalization plans have largely failed to stop the rot,” Saunders told CNN. “A course correction has been needed for some time and Burberry is hoping a new CEO can deliver this.”

Persons: Jonathan Akeroyd, Joshua Schulman, Michael Kors, Akeroyd, Burberry, Gerry Murphy, ” Murphy, “, Neil Saunders, Jonathan Akeroyd’s, ” Saunders, ” Organizations: New, New York CNN, Burberry, London Stock Exchange, GlobalData, CNN Locations: New York

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