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Co-owners Alex Rodriguez, right, and Marc Lore of the Minnesota Timberwolves during a game against the Los Angeles Lakers at Target Center Minneapolis, Minnesota, on Dec. 30, 2023. The National Basketball Association's Minnesota Timberwolves and the Women's National Basketball Association's Lynx are no longer for sale after a deal with former baseball great Alex Rodriguez and businessman Marc Lore fell apart, the teams' owner Glen Taylor said Thursday. In a statement to CNBC, Lore and Rodriguez said they are disappointed with Taylor's comments. However, those circumstances did not occur," Taylor's statement said. Some reports suggest that the relationship among Taylor, Lore and Rodriguez became strained since the original deal was made.
Persons: Alex Rodriguez, Marc Lore, Glen Taylor, Rodriguez, Marc, Alex, Taylor, Lore, Taylor's, Glen, Axios Organizations: Minnesota Timberwolves, Los Angeles Lakers, Target Center, Basketball Association's Minnesota Timberwolves, Women's, Basketball, Timberwolves, Lynx, CNBC, NBA, Carlyle Group, Western Conference Locations: Target Center Minneapolis , Minnesota
Walmart has sold three digital companies — Moosejaw, Bonobos, and Eloquii — this year. In the past few months, Walmart announced it was selling outdoor recreation apparel and gear company Moosejaw, upscale e-commerce apparel company Bonobos, and plus-size clothing company Eloquii. Under Lore, despite big revenue growth, the Walmart e-commerce division incurred major losses, sometimes annually upwards of $1 billion. Here's a look at each of the companies Walmart has offloaded this year. Bonobos, founded in 2007, attracts young, urban customers with its slim-fitting pants, shirts, jackets, and suits.
Persons: Marc Lore, , Lore, Doug McMillon, Eoin Comerford, Bebeto Matthews, Ben Tobin Organizations: Walmart, Service, Privacy, Lore's, Dick's Sporting Goods, Moosejaw Walmart, Bonobos Walmart, Bonobos, Bebeto Matthews Walmart, WHP Global, Express, FullBeauty Brands Locations: Arkansas, Bentonville , Arkansas, Michigan, Walmart's, New York
Walmart has sold three digital companies — Moosejaw, Bonobos, and Eloquii — this year. In the past couple of months, Walmart announced it was selling outdoor recreation apparel and gear company Moosejaw, upscale e-commerce apparel company Bonobos, and plus-size clothing company Eloquii. Under Lore, despite big revenue growth, the Walmart e-commerce division incurred major losses, sometimes annually upwards of $1 billion. Recently, Walmart's e-commerce goals have shifted. Here's a look at each of the companies Walmart has offloaded this year.
PARIS, April 18 (Reuters) - French shipping group CMA CGM (CMACG.UL) is offering 5 billion euros ($5.48 billion) for the logistics unit of Bollore, the family-run conglomerate said on Tuesday. For Bollore a deal would mean cutting ties with its biggest business while offering cash-rich CMA CGM a chance to bolster its bid to offer end-to-end transportation services and supply chain management. Bollore said in a statement that it had agreed to enter into exclusive talks with CMA CGM until May 8. CMA CGM, privately controlled by the founding Saade family, has seen its earnings surge in the past two years on high freight rates and saturated supply chains. Bollore, run by the family of billionaire Vincent Bollore, sold its Bollore Africa Logistics business last year to shipping company MSC Group for 5.7 billion euros.
Instead of using kitchen vans, Wonder is preparing chef-driven meals from a storefront. Lore, who cofounded the e-commerce site Jet.com and sold it to Walmart, had plans to expand Wonder to a fleet of 1,000 kitchen vans. Storefronts can offer consumers up to 30 food brands for delivery from one location, while the van model was limited to two menus per van. ClusterTruck, a Midwest ghost kitchen that controls everything from the food recipes to delivery, is another model similar to Wonder. Still, Lore sees the value of marketing Wonder's food brands on delivery apps.
Education officials are trying to stop students from using OpenAI's ChatGPT. Seattle Public Schools and Los Angeles Unified School District put similar limits on the use of the bot in December. Seattle Public Schools also cited cheating concerns for the ban, per GeekWire. A spokesperson told the publication that "Seattle Public Schools does not allow cheating and requires original thought and work from students." In India, Bangalore's RV University banned students from using ChatGPT.
Tata Motors' JLR says CEO Bollore to resign
  + stars: | 2022-11-16 | by ( ) www.reuters.com   time to read: +1 min
BENGALURU, Nov 16 (Reuters) - Tata Motors (TAMO.NS)-owned luxury carmaker Jaguar Land Rover said on Wednesday Chief Executive Officer Thierry Bollore would resign due to personal reasons after more than two years in the role. Adrian Mardell will take over as CEO on an interim basis, JLR said. A 32-year JLR veteran, Mardell is currently a member of the company's executive board. JLR said earlier this month its second-quarter loss before tax narrowed to 173 million pounds ($206.06 million), while revenue rose 36% from a year earlier. The division's performance is key to India's Tata Motors as it contributes nearly 60% to the group's revenue from operations.
Mojo is an app that lets users bet on an NFL player's performance like it's a stock. See the pitch deck that helped get the NFL Players Association to invest. It also announced in September an additional $25 million in equity and venture debt, with big-name investors including the NFL Players Association. MojoMojo isn't the first startup to bring elements of the stock market to gambling, as the US market grows. "Mojo's sports stock market is really the first of its kind, and we're incredibly excited to join as an investor," Steve Scebelo, president of NFL Players, Inc., said in a statement.
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