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☆ Anything Can Happen, and Usually Does, on ‘Watch What Happens Live’
▼ + stars: | 2024-06-30 | by ( Shivani Gonzalez | ) www.nytimes.com time to read: +1 min

Two miniature horses, Aidan and Pearl, stood on the terrace of a tiny TV studio in SoHo earlier this month on a sweltering evening, one more equine guest than the producers of “Watch What Happens Live With Andy Cohen” anticipated. They were part of a bit for taping the late-night talk show’s 15th anniversary special and, apparently, booking a horse requires also booking it an emotional support horse. Andy Cohen, the show’s host and creator, brought his two children Ben, 5, and Lucy, 2, to meet the mini horses as producers whispered questions about the surplus. He soon headed back inside to provide emotional support of a different kind for the show’s humans. Five nights a week, viewers can see Oscar-winners re-enact scenes from “Real Housewives of Salt Lake City”; so-called Bravo-lebrities dish about just-aired dirty laundry; or Cohen and Hillary Clinton drink from a shotski, a ski with shot glasses glued to it that allows multiple people to simultaneously knock one back.

Persons: Aidan, Pearl, Andy Cohen ”, Andy Cohen, Ben, Lucy, Sonja Morgan, ”, Cohen, Oprah Winfrey, Jennifer Lawrence, Hillary Clinton Organizations: Housewives, New, Real Locations: SoHo, Salt Lake City

☆ Tala: 2024 CNBC Disruptor 50
▼ + stars: | 2024-05-14 | by ( Cnbc.Com Staff | ) www.cnbc.com time to read: 1 min

Tala is out to disrupt legacy finance in developing markets by providing loans, credit, insurance and bill pay to consumers who lack access to banks, insurers and lenders, and who lack a financial track record. Last year, Tala increased its total loan volume to $5 billion across nine million people across three continents. That's up from $3.4 billion in credit dispersed to about eight million consumers the year before. The digital lender offers micro-loans between $10 to $500 to consumers and small businesses in emerging markets through its smartphone money app. Tala checks users' phone data and their bill paying activity to create credit scores that determine the loan amount it can offer.

Persons: Tala, Shivani Siroya Locations: Kenya, India, Philippines, Tala

☆ Taylor Swift Has Given Fans a Lot. Is It Finally Too Much?
▼ + stars: | 2024-04-22 | by ( Matt Stevens | Shivani Gonzalez | ) www.nytimes.com time to read: 1 min

A $1 billion oxygen-sucking world tour with a concert movie to match. And, of course, one very high-profile relationship that spilled over into the Super Bowl. For some, the constant deluge that has peaked in the past year is starting to add up to a new (and previously unthinkable) feeling: Taylor Swift fatigue. Many critics (including The New York Times’s own) have suggested that the album was overstuffed — simply not her best. And critiques of the music have now opened a sliver of space for a wider round of complaint unlike any Swift has faced over her prolific and world-conquering recent run.

Persons: Taylor Swift, —, Swift Organizations: Super, Poets Department, The

☆ Oscars 2024 Winners: Updating List
▼ + stars: | 2024-03-10 | by ( Shivani Gonzalez | More About Shivani Gonzalez | ) www.nytimes.com time to read: 1 min

Follow our live updates for the 2024 Oscars. After a very long and busy awards season, we have finally made it to end — wrapping things up with the biggest night for film honors. Like last year, the show is hosted by Jimmy Kimmel, with ABC broadcasting the ceremony live. Come for the star-studded roster of presenters and nominees, stay for Ryan Gosling’s live performance of “I’m Just Ken.” And, follow along live with our critics and reporters. Read below for a full list of winners that will be updated as announcements are made.

Persons: Jimmy Kimmel, Ryan Gosling’s, “ I’m, Ken, ”, Read Organizations: Dolby Theater, ABC Locations: Los Angeles

☆ ‘Where Is Wendy Williams?’: 5 Takeaways From the Documentary
▼ + stars: | 2024-02-26 | by ( Shivani Gonzalez | ) www.nytimes.com time to read: +1 min

Since 2021, daytime television viewers and pop culture fanatics alike have been wondering, where is Wendy Williams? Over the weekend, a Lifetime documentary series tried to answer that question. On a 2017 Halloween episode of “The Wendy Williams Show,” she fainted during a live taping, which she later attributed to her diagnosis of Graves’s disease, an immune system disorder. In 2019, Williams announced on the show that she was staying in a sober living home, and then a month later, she filed for divorce from her husband. It turns out that, until Williams entered a facility to treat her cognitive issues in 2023, cameras had been following her and documenting it all for a series on which Williams and her son, Kevin Hunter Jr., are listed as executive producers.

Persons: Wendy Williams, Williams’s, ”, Williams, Kevin Hunter Jr

☆ Qatar Frees Eight Indians Arrested in 2022 - India Government
▼ + stars: | 2024-02-11 | by ( Feb. | At P.M. | ) www.usnews.com time to read: +1 min

(Reuters) - Qatar has released eight Indian ex-naval officers after dropping death sentences imposed on them last year, India's foreign ministry said on Monday. The eight men, who were condemned to death in October, had been accused of spying for Israel, according to sources, though India and Qatar did not confirm the charges. "We appreciate the decision by the Amir of the State of Qatar to enable the release and home-coming of these nationals," the ministry said, adding that seven out of the eight have returned to India. The eight Indian nationals, who were working on a submarine project with a private company for the Qatari authorities, were arrested in 2022. War in Israel and Gaza View All 206 ImagesMore than 800,000 Indian citizens live and work in Qatar, which is also a significant provider of natural gas for India.

Persons: Amir, Shivani Tanna, Sonali Paul Organizations: Reuters, Qatari Locations: Qatar, Israel, India, State, Gaza, Bengaluru

☆ Oscar Nominees 2024
▼ + stars: | 2024-01-23 | by ( Shivani Gonzalez | ) www.nytimes.com time to read: +1 min

Follow our live coverage of the 2024 Oscar nominations. The nominations for the 96th annual Academy Awards might finally answer the definitive movie question of the season: Is this the year of “Barbie” or “Oppenheimer?” Or, if both films get a similar amount of Oscar nominations, it will just be another excuse for us to use the term “Barbenheimer.”Kyle Buchanan, The New York Times’s awards-season columnist, has written that because of the amount of good movies and impressive talent we have been treated to this past year, it is hard to say what film, if any, is likely to sweep in the big categories of best picture, best director, best actor and best actress. With that being said, Buchanan has predicted that “Oppenheimer,” “Barbie,” “Killers of the Flower Moon,” “The Holdovers” and “Poor Things” are all safe bets to be nominees in the picture category. See below for the list of nominees. Best Picture“American Fiction”“Anatomy of a Fall”“Barbie”“The Holdovers”“Killers of the Flower Moon”

Persons: “ Barbie ”, Oppenheimer, ” Kyle Buchanan, Buchanan, “ Oppenheimer, ” “ Barbie, ” Organizations: The, York

☆ How to Watch the 75th Emmy Awards
▼ + stars: | 2024-01-13 | by ( Shivani Gonzalez | More About Shivani Gonzalez | ) www.nytimes.com time to read: +1 min

Follow live coverage of the 75th Emmy Awards ceremony. Postponed for months because of last year’s Hollywood writers and actors strikes, the 75th Primetime Emmy Awards will finally be handed out on Monday night. And just like at those awards, HBO’s dynastic dramedy “Succession” is set to dominate. Viewing numbers for the Emmy Awards have been trending downward over the years — the most recent ceremony, in September 2022, brought in a record low audience of 5.9 million people on a night when the award show had little competition. playoff game between the Philadelphia Eagles and the Tampa Bay Buccaneers and against live coverage of the Iowa caucuses.

Persons: ”, Lucy Organizations: Hollywood, Globes, Philadelphia Eagles, Tampa Bay Buccaneers, SAG, Guild of America Locations: Iowa

☆ Golden Globes Winners 2024: The Complete List
▼ + stars: | 2024-01-07 | by ( Shivani Gonzalez | ) www.nytimes.com time to read: 1 min

Tuning into the Golden Globes this year meant more than catching a glimpse of the stars or getting an idea of what the Oscars might have in store. After the ethics, finance and diversity scandal within the Hollywood Foreign Press Association led to the cancellation of the 2022 broadcast, the Golden Globes were sold in 2023 and the Hollywood Foreign Press dissolved. So the looming question seemed to be: What impact would the show have this year under new ownership? In the end, some things went exactly as expected, others not so much.

Organizations: Hollywood Foreign Press Association, Globes, Hollywood Foreign Press

☆ Insurer Aspen chooses New York over London for $4 bln IPO - FT
▼ + stars: | 2023-12-03 | by ( ) www.reuters.com time to read: +1 min

Dec 3 (Reuters) - Aspen Insurance (AHL_pc.N) is targeting its $4 billion initial public offering next year in New York instead of London partly due to management concerns about valuations and more stringent listing requirements in Britain, the Financial Times reported on Sunday. Bermuda-based Aspen, owned by private equity group Apollo, is being advised by Goldman Sachs, Citi and Jefferies on an IPO planned for the first half of next year, the report said, citing people familiar with the matter. Greater liquidity in the United States was also an important factor, it added. An Aspen spokesperson declined to comment on the report. Reporting by Shivani Tanna and Surbhi Misra in Bengaluru; Editing by Alison Williams and Will DunhamOur Standards: The Thomson Reuters Trust Principles.

Persons: Goldman Sachs, Shivani Tanna, Surbhi Misra, Alison Williams, Will Dunham Organizations: Aspen Insurance, Financial Times, Aspen, Citi, Jefferies, London, Thomson Locations: New York, London, Britain, Sunday, Bermuda, United States, Bengaluru

☆ Nine dead after armed men raid Peru's Poderosa mine - ministry
▼ + stars: | 2023-12-03 | by ( ) www.reuters.com time to read: +1 min

LIMA, Dec 2 (Reuters) - Nine people were killed and 15 injured after armed men raided Peru's Poderosa mine with explosives and took hostages, the Interior Ministry said late on Saturday. Police have "taken control of the situation", seven people have been arrested and weapons seized, the ministry said in a statement, adding it had ordered special forces to the area to support local police. The attackers entered the mine shaft, using explosive charges, "violently confronting internal security personnel from the company and taking four people hostage", the ministry said. Peru is the world's second-largest producer of copper, and an important silver and gold producer. Reporting by Marco Aquino in Lima and Shivani Tanna in Bengaluru; Editing by Lincoln Feast and William MallardOur Standards: The Thomson Reuters Trust Principles.

Persons: LIMA, Peru's, Pedro Castillo, Marco Aquino, Lincoln, William Mallard Organizations: Interior Ministry, Saturday . Police, Thomson Locations: Peru, Lima, Bengaluru

☆ AstraZeneca, AI biologics firm Absci tie up on cancer drug - FT
▼ + stars: | 2023-12-03 | by ( ) www.reuters.com time to read: +1 min

The AstraZeneca logo is pictured outside the AstraZeneca office building in Brussels as part of the coronavirus disease (COVID-19) vaccination campaign, Belgium, January 28, 2021. REUTERS/Johanna Geron/File Photo Acquire Licensing RightsCompanies Absci Corp FollowAstraZeneca PLC FollowDec 3 (Reuters) - Anglo-Swedish drugmaker AstraZeneca (AZN.L) has signed a deal worth up to $247 million with U.S. artificial intelligence (AI) biologics firm Absci (ABSI.O) to design an antibody to fight cancer, the Financial Times reported on Sunday. The collaboration aims to harness Absci's AI technology for large-scale protein analysis to find a viable oncology therapy, a leading focus of AstraZeneca, the report said. Absci and AstraZeneca did not immediately respond to a Reuters requests for comment. Absci applies generative artificial intelligence to design optimal drug candidates based on target affinity, safety, manufacturability and other traits.

Persons: Johanna Geron, Sean McClain, Absci’s, Shivani Tanna, William Mallard Organizations: AstraZeneca, REUTERS, U.S, Financial Times, Thomson Locations: Brussels, Belgium, Swedish, Bengaluru

☆ Nine Dead After Armed Men Raid Peru's Poderosa Mine - Ministry
▼ + stars: | 2023-12-02 | by ( Dec. | At P.M. | ) www.usnews.com time to read: +1 min

LIMA (Reuters) -Nine people were killed and 15 injured after armed men raided Peru's Poderosa mine with explosives and took hostages, the Interior Ministry said late on Saturday. Police have "taken control of the situation", seven people have been arrested and weapons seized, the ministry said in a statement, adding it had ordered special forces to the area to support local police. The attackers entered the mine shaft, using explosive charges, "violently confronting internal security personnel from the company and taking four people hostage", the ministry said. Peru is the world's second-largest producer of copper, and an important silver and gold producer. (Reporting by Marco Aquino in Lima and Shivani Tanna in Bengaluru; Editing by Lincoln Feast and William Mallard)

Persons: Peru's, Pedro Castillo, Marco Aquino, Lincoln, William Mallard Organizations: Reuters, Interior Ministry, Saturday . Police Locations: LIMA, Peru, Lima, Bengaluru

☆ Occidental Petroleum in talks to buy Permian producer CrownRock - WSJ
▼ + stars: | 2023-11-30 | by ( ) www.reuters.com time to read: +1 min

The logo for Occidental Petroleum is displayed on a screen on the floor at the New York Stock Exchange (NYSE) in New York, U.S., April 30, 2019. REUTERS/Brendan McDermid/File Photo Acquire Licensing RightsNov 29 (Reuters) - Occidental Petroleum (OXY.N) is in talks to buy CrownRock in a deal that could value the company well above $10 billion including debt, the Wall Street Journal reported on Wednesday, citing people familiar with the matter. Occidental did not immediately respond to a Reuters' request for comment on Wednesday, while CrownRock could not be immediately reached. CrownRock owns approximately 86,000 net acres in the northern part of the Midland basin, which is part of the Permian in Texas. Reporting by Shivani Tanna in Bengaluru; Editing by Sherry Jacob-PhillipsOur Standards: The Thomson Reuters Trust Principles.

Persons: Brendan McDermid, Timothy Dunn, CrownRock, Shivani Tanna, Sherry Jacob, Phillips Organizations: Occidental Petroleum, New York Stock Exchange, REUTERS, Wall Street, Reuters, Occidental, CrownRock, Thomson Locations: New York, U.S, Texas, Midland, Bengaluru

Bret Taylor, formerly co-CEO of Salesforce, and Larry Summers, former U.S. Treasury Secretary, will join Quora CEO and current director Adam D'Angelo, OpenAI said. Altman said in a post on X, "i'm looking forward to returning to openai." In a statement on X, Microsoft CEO Satya Nadella welcomed the changes to OpenAI's board. In a post on X, Shear celebrated the late-night outcome Tuesday, which he said followed "~72 very intense hours of work." Following this show of solidarity, Altman wrote on X: "we have more unity and commitment and focus than ever before."

Persons: Sam Altman, Bret Taylor, Larry Summers, Adam D'Angelo, OpenAI, Altman, Satya Nadella, Altman's, OpenAI's, Emmett Shear, Sam Altman's, Susannah Streeter, Hargreaves Lansdown, Shear, Greg Brockman, Brockman, Jeffrey Dastin, Tanna, Bansari, Dhanya Ann Thoppil, Nivedita Bhattacharjee, Sam Holmes Organizations: Microsoft, U.S . Treasury, Quora, Hargreaves, Reuters, Thomson Locations: openai, San Francisco, Bengaluru

"i'm looking forward to returning to openai," Altman said in a post on the X social media platform late on Tuesday. Sam Altman attends the Asia-Pacific Economic Cooperation (APEC) CEO Summit in San Francisco, California, U.S. November 16, 2023. OpenAI's previous board consisted of Tasha McCauley, Helen Toner and OpenAI chief scientist Ilya Sutskever and Quora CEO D'Angelo, who is part of the revamped board. In a post on X on Tuesday, Shear said he worked "~72 very intense hours" to bring stability - and ultimately Altman - back to OpenAI. When he was out of a job, CEO Nadella said Altman could head a new research team alongside Brockman and other colleagues departing from OpenAI.

Persons: Bret Taylor, Brockman, FRANCISCO, Sam Altman, OpenAI, Larry Summers, Adam D'Angelo, D'Angelo, Altman, Danni Hewson, AJ Bell's, Satya Nadella, Kyle Rodda, Carlos Barria, Tasha McCauley, Helen Toner, Ilya Sutskever, Steve Jobs, Greg Brockman, Sunday Altman, Emmett Shear, Shear, Nadella, Jeffrey Dastin, Aditya Soni, Shivani Tanna, Bansari, Dhanya Ann Thoppil, Nivedita Bhattacharjee, Sam Holmes, Jane Merriman Organizations: U.S . Treasury, Microsoft, Economic Cooperation, REUTERS, Reuters, U.S, Thomson Locations: openai, U.S, OpenAI, Asia, San Francisco , California, Valley, San Francisco, Bengaluru

[1/2] Executives of Norwegian company Adevinta celebrate the firm’s first day of trading at the Oslo stock exchange, Norway April 10, 2019. The consortium, which include funds General Atlantic and TCV, have offered to pay Adevinta shareholders 115 crowns per share. The deal for Adevinta comes at a difficult time for dealmaking in Europe. It is part of a trend of transactions where private equity firms have weighed buying back public companies they previously owned or still own stakes in. Shareholders can receive cash, or a mix of cash and new shares in the emerging private entity.

Persons: Nerijus, Adevinta, Stefan Dziarski, Dipan Patel, Permira, Shivani Tanna, David Goodman, Marguerita Choy Organizations: Adevinta, REUTERS, Permira, Blackstone, eBay, Adevinta ASA, Atlantic, dealmaking, Thomson Locations: Oslo, Norway, Europe, Adevinta, Bengaluru

☆ Artificial Lagoons Offer a Different Kind of Waterfront Living
▼ + stars: | 2023-11-03 | by ( Shivani Vora | More About Shivani Vora | ) www.nytimes.com time to read: +1 min

Waterfront residential real estate is typically built on or near oceans, lakefronts and rivers. Now, artificial lagoons are another body of water to add to the list. Shaped like large lakes with beaches, lagoons are generally shallow, compared with a lake or the ocean, and are somewhat similar to giant swimming pools. In the United Arab Emirates, Hawaii, Texas and Florida they are a factor for prospective home buyers who are seeking a waterfront property. “Some of these lagoons are located in inland destinations and have redefined what it means to own a waterfront property.” Lagoons offer aesthetic beauty and many recreational opportunities, Mr. Lim said, such as boating, swimming and paddle boarding.

Persons: Chris Lim, ”, Lim Organizations: United Arab, Christie’s, Estate Locations: United Arab Emirates, Hawaii , Texas, Florida

☆ Does Your Ex or Former Friend Haunt You? You Could Try Exorcism for Closure.
▼ + stars: | 2023-10-26 | by ( Shivani Dubey | ) www.nytimes.com time to read: +2 min

Closure is a spectrum, and “modern exorcism methods tend to place less emphasis on external factors and more on internal healing,” Ms. Alderson said. Kimberly Anderson, a relationship coach in Paris, had a client his year who used ax throwing in batting cages to help move on. “She actually visualized her ex as the target, which definitely helped her with her aim in hitting the target,” Ms. Anderson said. But is closure really that necessary, or does a culture of love bombing and then ghosting render it obsolete? “Lack of closure can leave us wondering what went wrong, and if we could have salvaged the relationship,” said Michele Leno, a psychologist in Detroit.

Persons: Ms, Alderson, “, Kimberly Anderson, Anderson, Hania, ”, Michele Leno, they’re, Georgina Sturmer Locations: Paris, London, Detroit, Hertfordshire, England

☆ Goldman Sachs veteran to become CEO of asset-management firm P10, Wall Street Journal reports
▼ + stars: | 2023-10-22 | by ( ) www.reuters.com time to read: +1 min

Oct 22 (Reuters) - Goldman Sachs veteran Luke Sarsfield is set to become chief executive of asset manager P10 (PX.N), the Wall Street Journal reported on Sunday. P10, which is a multi-asset class private market solutions provider in the alternative asset management industry, plans to announce the move on Monday, the report said citing people familiar with the matter. Sarsfield worked with Goldman Sachs for over 23 years, WSJ said. He was appointed as the global co-head of its $2.47 trillion asset-management business early last year. Reporting by Shivani Tanna in Bengaluru; Editing by Josie KaoOur Standards: The Thomson Reuters Trust Principles.

Persons: Goldman Sachs, Luke Sarsfield, Sarsfield, Shivani Tanna, Josie Kao Organizations: Wall Street, Dallas, RCP Advisors, TrueBridge Capital Partners, Thomson Locations: Bengaluru

☆ SAP posts 16% jump in Q3 cloud business revenue
▼ + stars: | 2023-10-18 | by ( ) www.reuters.com time to read: +1 min

The logo of SAP is seen on their offices in Reston, Virginia, U.S., May 12, 2021. REUTERS/Andrew Kelly Acquire Licensing RightsOct 18 (Reuters) - Business software maker SAP's (SAPG.DE) cloud business revenue rose by 16% in the third quarter on the back of its application services and HANA software, the company said on Wednesday. For the full year, the company reaffirmed its cloud revenue outlook in the range of 14 billion-14.2 billion euros. "Our Q3 results demonstrate strong execution and the resilience of our business, including sustained cloud growth in spite of persisting macro headwinds," finance chief Dominik Asam said. U.S.-listed shares of the German software maker were up 2.9% after the bell.

Persons: Andrew Kelly, Dominik Asam, Kanjyik Ghosh, Shailesh Organizations: SAP, REUTERS, Thomson Locations: Reston , Virginia, U.S, Bengaluru

The UAW said that 8,700 union members at Ford's Kentucky truck plant went on strike after the union said the No. [1/4]United Auto Workers (UAW) members strike outside of Ford's Kentucky Truck Plant in Louisville, Kentucky, U.S. October 11, 2023. Even with Wednesday's walkout, only about 22% of the 150,000 UAW workers at the Detroit Three automakers are on strike. The walkout in Kentucky will put stress on Ford UAW members beyond the sprawling factory near Louisville. Workers at a dozen other Ford plants that supply engines, transmissions and other components to the plant could be furloughed.

Persons: Shawn Fain's, Fain, Ford, leadership's, UAW bargainers, Harley Shaiken, Shaiken, Wednesday's Ford, walkouts, David Shepardson, Joe White, Abhirup Roy, Heekyong Yang, Peter Henderson, Sayantani Ghosh, Jamie Freed Organizations: DETROIT, United Auto Workers, Detroit Three automakers, UAW, Ford, Duty, Lincoln Navigator, Ford Expedition, Kentucky, Detroit, Motors, Chrysler, Plant, Handout, Detroit Three, Ford UAW, Workers, University of California, GM, Stellantis, BlueOval SK, South Korea's SK, Thomson Locations: Ford's Kentucky, U.S, Kentucky, Arlington , Texas, Stellantis, Sterling Heights, Warren , Michigan, Detroit, Ford's, Louisville , Kentucky, Louisville, Berkeley, South, Tennessee, Washington, San Francisco, Bengaluru, Seoul

☆ At Least 4 Killed, Nearly 100 Injured as Train Derails in India
▼ + stars: | 2023-10-11 | by ( Oct. | At P.M. | ) www.usnews.com time to read: 1 min

(Reuters) - At least four people were killed and nearly 100 injured as an express train derailed in the Indian state of Bihar on Wednesday, various media reports said. Some coaches of North-East Express train, which runs from Delhi to Assam derailed at the Raghunathpur railway station in Bihar's Buxar district around 4:05 p.m. GMT on Wednesday, the reports said. Due to the accident, movement on both up and down tracks have been disrupted, leading to diversion of several passenger and goods trains, reports added. (Reporting by Shivani Tanna in Bengaluru; Editing by Leslie Adler and Lisa Shumaker)

Persons: Shivani Tanna, Leslie Adler, Lisa Shumaker Organizations: Reuters, East Express Locations: Indian, Bihar, Delhi, Assam, Raghunathpur, Bihar's Buxar, Bengaluru

The UAW said that 8,700 union members at Ford's Kentucky Truck Plant went on strike after the union said the No. For the past four weeks, UAW President Shawn Fain ordered new walkouts on Fridays in video addresses. Wednesday's move came as Ford and UAW bargainers were working to resolve differences on retirement security and union representation of Ford's future battery plants, a Ford official said. The Ford official said Shawn Fain and other UAW officials called a meeting with Ford at 5:30 pm ET on Wednesday and demanded a new offer. Before Wednesday's Ford announcement the union had ordered walkouts at five assembly plants, including two Ford plants, at the three companies and 38 parts depots operated by GM and Stellantis.

Persons: Stellantis, Shawn Fain, Wednesday's, Fain, Ford, leadership's, Harley Shaiken, Shaiken, Wednesday's Ford, walkouts, David Shepardson, Chris Reese Organizations: United Auto Workers, Detroit Three automakers, UAW, Ford, General Motors, Chrysler, UAW bargainers, Kentucky, Detroit, University of California, GM, Stellantis, Thomson Locations: U.S, Berkeley, Washington, Bengaluru

☆ Ericsson books $3 bln impairment, says Q3 core profit fell 39%
▼ + stars: | 2023-10-11 | by ( ) www.reuters.com time to read: +2 min

A logo of Ericsson is seen outside the company's office in Kanata, Ontario, Canada April 17, 2023. REUTERS/Lars Hagberg/File Photo Acquire Licensing RightsSTOCKHOLM, Oct 11 (Reuters) - Ericsson (ERICb.ST) on Wednesday announced a 32 billion Swedish crown ($2.9 billion) impairment charge related to its acquisition last year of Vonage, and said core profits fell in the third quarter as demand tumbled in North America. "The impairment charge represents 50% of the total amount of goodwill and other intangible assets attributed to Vonage." Ericsson said a preliminary reading showed its operating profit before amortisation and restructuring and impairment charges fell 39% in the third quarter to 4.7 billion crowns. Ericsson's profits plunged also in the second quarter as a slowdown in consumer spending hit sales of telecommunications gear.

Persons: Lars Hagberg, Vonage, Ericsson, Anna Ringstrom, Shailesh Kuber, Leslie Adler, Terje Solsvik, Jonathan Oatis Organizations: Ericsson, REUTERS, Rights, Wednesday, Ericsson's, Networks, Thomson Locations: Kanata , Ontario, Canada, Rights STOCKHOLM, North America, Swedish, Stockholm, Bengaluru

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