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☆ Britain's car finance industry is in crisis – with banks bracing for billions in payouts
▼ + stars: | 2024-11-14 | by ( Sam Meredith | In Samuelmeredith | ) www.cnbc.com time to read: +4 min

Mike Kemp | In Pictures | Getty ImagesBritain's motor finance industry is in disarray, with analysts warning of worst-case scenarios similar in magnitude to the country's costliest consumer banking scandal. The decision caught many in the motor finance industry off guard and appears to have paved the way for a multi-billion-pound redress scheme to compensate consumers. It urged motor finance groups to consider setting aside financial provisions to resolve the high volume of complaints. According to the banks, they followed the rules and guidelines set by the FCA, which are not aligned with the new Court of Appeal ruling," Kammer told CNBC via email. The FCA has said that it will await the outcome of a potential Supreme Court ruling before taking a decision on the matter," Kammer said.

Persons: Mike Kemp, Banks, Niklas Kammer, Kammer, Benjamin Toms, Toms, John Keeble Organizations: Royal Exchange, City of, Appeal, Authority, FCA, Morningstar, Lloyds, Horse, Barclays, Lloyds Banking, Bloomberg, Getty, of, CNBC, PPI, RBC Capital Markets, Taxis, Fenchurch, Station Locations: City, City of London, London, United Kingdom, U.K

☆ 3 work problems HR can't solve for you, from an HR professional
▼ + stars: | 2024-11-11 | by ( Alyshia Hull | ) www.businessinsider.com time to read: +4 min

While HR departments can be helpful, they can't fix your problems unless you help yourself first. Related VideoAlthough HR can help with a lot, they can't fix every problem you may have as an employee. HR can't make decisions aloneEvery HR department is run differently, so while HR tasks may vary, HR isn't typically a decision-making entity but more of a recommending entity. HR can't advocate for you without youPeople often assume that their boss or HR will come to them with promotions or opportunities, but HR can't just get you a job or a promotion — you have to advocate for it. HR can't do everything for you, but they can help you to the greatest of their ability if you do your part, too.

Persons: Amy Lentz, doesn't, —, I've, they're, you've, haven't, there's, it's Organizations: Toms, Service, HR Locations: Los Angeles

☆ Pam Kaur: HSBC names first female chief financial officer, unveils a major overhaul
▼ + stars: | 2024-10-22 | by ( ) edition.cnn.com time to read: +2 min

A new leadership structure, which includes the appointment of Pam Kaur as the lender’s first female chief financial officer, would “unleash our full potential and drive success into the future,” CEO Georges Elhedery said in a memo to staff. The overhaul sees Elhedery tackle one of HSBC’s most intractable problems. HSBC (HSBC) did not say what the projected cost savings might be or indicate how many jobs would be affected, but more details could emerge when the bank reports third-quarter results on October 29. Kaur, 60, takes over as CFO having served as HSBC’s chief risk and compliance officer. She joined the bank in April 2013 as group head of internal audit.

Persons: London —, Pam Kaur, Georges Elhedery, Elhedery, ”, Ben Toms, Kaur, Colin Bell, Stephen Moss Organizations: London — HSBC, HSBC, RBC Capital Markets Locations: Hong Kong, London, United Kingdom, United States, France, Canada, Asia, Europe, East

Near Perry, Florida, power flashes were seen as Hurricane Helene downed power lines on September 26, 2024. WACHIn South Carolina, Helene brought vicious winds and dumped “staggering” amounts of rain: up to 12 to 14 inches. Andy TomsThe western North Carolina city of Asheville was especially hard-hit. Tariq Bokhari/Daniel WhittakerFloods from Hurricane Helene wreaked havoc on the western North Carolina village of Chimney Rock and the region surrounding Lake Lure. Heavy rainfall washed away a part of Interstate 40, a major highway connecting North Carolina and Tennessee.

Persons: Helene, SVC, Simon Brewer Juston Drake, Brandon Clement Further, Brandon Clement, Jules Carl, CNN’s John Berman, she’s, “ I’ve, ”, Aaron Rigsby, Helene –, Andy Toms, Avery Dull, Avril Pinder, “, Tariq Bokhari, Daniel Whittaker, Hurricane Helene, Daniel Shrader, floodwater, Michael Baker, Police Helene Organizations: CNN, National Weather Service, South Pasadena Fire Department, Daylight, Fire, Services Rescue, Atlanta Fire, Carolinas, Charlotte City, WCYB, North Carolina . North Carolina Division of Aviation, Tennessee Valley Authority, Virginia State Police, Virginia, Police Locations: United States, Florida, Southern, Gulf, Bend, Perry, Perry , Florida, Tampa, FHP, Tampa Bay, Pinellas County , Florida, Pinellas County, City of South Pasadena, Sunset Beach, Cedar Key , Florida, Cedar, Steinhatchee, ”, Steinhatchee , Florida, Georgia, Atlanta, Augusta, Cobb County, Mableton, Cobb, Columbia, Greenville, WACH, South Carolina, Saluda County, Asheville , North Carolina, North Carolina, Asheville, Rock, Hurricane, Lure, Charlotte, Tennessee, Roan Mountain , Tennessee, North Carolina ., Afton , Tennessee, TN, Erwin, Unicoi, Virginia

☆ I went to Big Lots and saw why the chain is closing stores and filing for bankruptcy
▼ + stars: | 2024-09-13 | by ( Alex Bitter | ) www.businessinsider.com time to read: +1 min

Big Lots filed for Chapter 11 bankruptcy this week and is planning hundreds of store closures. I visited a Big Lots store in Maryland to see what it's like to shop there. Go to newsletter preferences Thanks for signing up! It's also planning to shutter 295 of its roughly 1,400 stores, according to a filing in Delaware's bankruptcy court. Private equity firm Nexus Capital Management plans to acquire Big Lots for an undisclosed amount after it emerges from bankruptcy, the retailer said on Monday.

Persons: —, It's Organizations: Nexus Capital Management, Service, Business Locations: Maryland

(This is CNBC Pro's live coverage of Monday's Wall Street chatter as global markets sell off. — Lisa Kailai Han 7:02 a.m.: How long sell-offs typically last Bad news: The current market sell-off may have further to go. — Lisa Kailai Han 6:09 a.m.: Oppenheimer's Stoltzfus: Best to not 'jump to conclusions' Investors need to have a cool head as global markets sell off, according to Oppenheimer's John Stoltzfus. — Fred Imbert 5:51 a.m.: Global markets in an 'aggressive risk-unwind', Vital Knowledge says Fears of a U.S. recession are pressuring global markets, leading investors around the world to sell some of this year's top winners, according to Adam Crisafulli of Vital Knowledge. "Markets are caught in an aggressive risk-unwind as equities plunge around the world, with tech getting hit particularly hard," he wrote in a note Monday.

Persons: Wharton's Siegel, Jeremy Siegel, CNBC's, Siegel, hasn't, it's, … They're, —, Lisa Kailai Han, Tom Lee, Lee, Duncan Toms, Toms, Fred Imbert, Victoria Greene, Greene, It's, Nimrit Kang, — Lisa Kailai Han, Dan Ives, Gene Goldman, Gennadiy Goldberg, Ives, Goldman, Goldberg, Oppenheimer's John Stoltzfus, Evercore, Ed Hyman, Hyman, Adam Crisafulli, Crisafulli Organizations: CNBC, Stock, Nikkei, Dow Jones Industrial, Nasdaq, Wharton, Federal Reserve, Fundstrat Global, HSBC, G Squared, Wealth, NorthStar Asset Management, Street, Wedbush, TD Securities, Federal, NASDAQ, U.S, Fed, Global Locations: U.S, Europe, Japan, China

☆ HSBC rises 3% in Hong Kong after profit beat, share buyback announcement
▼ + stars: | 2024-07-31 | by ( Ruxandra Iordache | ) www.cnbc.com time to read: +4 min

"Each of these strengths contributed to a good revenue performance in the first half of 2024, supported by higher interest rates." Hong Kong-listed shares of HSBC were up 2.84% at 07:56 a.m. London time in the wake of the earnings beat. The first-half figure nevertheless came in well above the $20.5 billion average of broker estimates compiled by HSBC, according to Reuters. "The strong performance of the business gives us the confidence to say that we'll be mid-teens return in 2025 as well," Quinn told CNBC. "This headwind will be partially offset by hedging and balance sheet growth, but this growth is unlikely to be remarkable.

Persons: Noel Quinn, HSBC's Quinn, —, Quinn, there's, Jefferies, Benjamin Toms, Toms, CNBC's Ganesh Rao Organizations: HSBC, Securities Financing, Global Banking, London and New York Stock Exchanges, Reuters, Wednesday, CNBC, Capital Locations: Hong Kong, London, Britain

☆ Drop bears: The true history of a fake Australian animal
▼ + stars: | 2024-07-30 | by ( Ben Westcott | ) edition.cnn.com time to read: +10 min

“Once prey is within view, the Drop Bear will drop as much as eight meters to pounce on top of the unsuspecting victim. When CNN Travel asked Australian film star Chris Hemsworth for advice on avoiding drop bears in 2018, he said: “Bring an umbrella.”The origins of the drop bearDespite the drop bear’s popularity and growing international reputation, its actual origins are unknown. Not every Australian grew up with stories of drop bears, but those who do remember being told about drop bears by their parents, especially people who grew up in the country or in farming communities. The Drop BearsThere is, however, one clear marker of when the mythical drop bears began to enter Australian pop culture. Tell them you’ve got to be wary or (the drop bears) will drop down and take you,” Batchelor said.

Persons: they’ll, ”, Ian Coate, “, Chris Hemsworth, Clint, Paul Hogan, Hogan, Indiana Jones, koalas, savaging Hogan, Coate, ” Coate, Chris Toms, Johnny Batchelor, ” Batchelor, Toms, you’ve, Batchelor, It’s, Bears Batchelor, thylacoleo, Australia’s Coates, Coates, isn’t Organizations: CNN, of Australia, CNN Travel, National Library of Australia, Canberra Times, TAM, Clint, US, Aussie, Bears, Google, Bundaberg, ITV Locations: Australian, “, Goannas, Australia, Zealander, Sydney, New Zealand, New South Wales, Bundaberg Rum

☆ I waited in line for 5 hours at Something About Her, the new 'Vanderpump Rules' restaurant, but never even got a sandwich.
▼ + stars: | 2024-05-23 | by ( Anneta Konstantinides | ) www.businessinsider.com time to read: +12 min

Cersei's Walk of Atonement this was not, but I couldn't believe how long I'd waited to try a sandwich. AdvertisementBut much like "Vanderpump Rules," the reality show that made Madix and Maloney famous, the opening day of their restaurant was exciting, tumultuous, and full of some surprising friendships. Something About Her has been 2 years in the makingMaloney and Madix first announced they were joining forces to open a sandwich shop in 2022, joining the growing "Vanderpump" restaurant universe. TomTom — the bar Vanderpump launched with Tom Schwartz and Tom Sandoval, the respective exes of Maloney and Madix — is a four-minute walk away. Hours 3-4: Sold-out sandwichesWe had now been in line for the length of an average Martin Scorsese movie.

Persons: —, Ariana Madix, Katie Maloney's, …, Maloney, Madix, Lisa Vanderpump, TomTom, Tom Schwartz, Tom Sandoval, Schwartz, Jax Taylor's, Katie Maloney, Phillip Faraone, Sandoval, Raquel Leviss, Roxie Hart, Anneta, Bravo, Kat, Viola, Reese, Meg, Peter Madrigal —, he's, Martin Scorsese, Sarah Fraser, James Kennedy, costars, Cameron, Kate, Nancy, Teri, We'd Organizations: Service, Business, Sandy's, LA's West Hollywood, TMZ Locations: Los Angeles, West Hollywood, LA's West, Chicago, LA, Australia, California

☆ Overwater bungalows started as a bottom-tier accommodation. Today, they're a status symbol in the luxury travel world.
▼ + stars: | 2024-04-17 | by ( Monica Humphries | ) www.businessinsider.com time to read: +9 min

Mimicking the style, they built three overwater bungalows to join the garden and pool bungalows that also filled the Raiatea property in 1967. Overwater bungalows in the lagoon of Bora Bora. But building an overwater bungalow in the Caribbean can be a hard task to accomplish, Danny Kalenov, the developer behind Six Senses Belize, an overwater bungalow resort that's set to open in 2026, told BI. In 2016, the Sandals Resort in Montego Bay, Jamaica, became the first overwater bungalow resort in the area. AdvertisementToday, Dream Overwater has cataloged nine Caribbean locations home to more than a dozen overwater bungalow resorts.

Persons: —, Vaihiria Kelley, — Jay Carlisle, Hugh Kelley, Donald McCallum —, Kelley, Jay Carlisle, Donald McCallum, Raiatea didn't, Ronan McLoughlin, Jason Toms, Toms, Lucy Rudgard, Scott Dunn, overwater, McLoughlin, Bora Bora, Matteo Colombo, Danny Kalenov, they've, Kalenov, It's, Vincent Organizations: Service, Life Magazine, Tourism, Bali Hai Boys, Audley Travel, Getty, Senses, Royalton Chic, Grenadines Locations: Tahiti, California, Moorea, Bali, Boys, Raiatea, Huahine, That's, Polynesia, Maldives, Bora, Bora Bora, French Polynesia, Caribbean, Senses Belize, Montego Bay, Jamaica, Royalton, Royalton Chic Antigua, St

More than 1,000 flights were canceled so far Tuesday morning, mostly at the airports in the New York City area and in Boston. It was the first major snowstorm in New York City since February 2022. The city, which has the nation's largest school system, switched to remote learning and closed its buildings Tuesday because of the storm. Some of the highest snowfall totals were forecast for the northern suburbs of New York City and southwestern Connecticut, according to the National Weather Service. Dan McKee signed an executive order shuttering state government offices Tuesday and banning tractor-trailer travel on all interstates and state roads beginning at midnight.

Persons: It's, ”, Ricky Smith, Eric Adams, “, Ned Lamont, ” Lamont, Maura Healey, Michelle Wu, Dan McKee, McKee, Steve Sullivan, Steve LeBlanc, Kathy McCormack, Jeff Martin, Mike Balsamo, Bruce Shipkowski, Ron Todt Organizations: New, Gov, Pennsylvania Department of Transportation, Police Department, National Weather Service, Massachusetts Gov, Boston, Rhode, Rhode Island Gov, Airports, Associated Press Locations: HARTFORD, Conn, New York City, Boston, “, Connecticut, Doylestown, Massachusetts, New England, Rhode Island, Massachusetts , Connecticut, New York, Alabama, Georgia, Concord , New Hampshire, Atlanta, Stony Brook , New York, Toms River , New Jersey, Philadelphia

TOMS RIVER, N.J. (AP) — A New Jersey elementary school had an unexpected visitor over the Thanksgiving holiday weekend: A deer jumped through a small window and knocked over items in a classroom before fleeing the building. A man walking his dog around 10 p.m. on Nov. 25 saw the young deer smash through a window at Cedar Grove Elementary School in Toms River, which is about 60 miles east (96.5 kilometers) of Philadelphia. The man notified police, and their subsequent search of the school was recorded by the officers' bodycams. When officers encountered the deer in a stairwell, the animal — who police have nicknamed “Rudolph” — initially charged at them as it ran down a hallway. School staffers boarded up the window and cleaned up after the deer’s escape.

Persons: “ Rudolph ” — Organizations: Cedar Grove Elementary School, Authorities Locations: TOMS, N.J, Jersey, Cedar, Toms, Philadelphia

☆ Unilever is selling Dollar Shave Club after 7 long, awkward years of trying to make it work
▼ + stars: | 2023-10-26 | by ( Alex Bitter | ) www.businessinsider.com time to read: +4 min

Unilever is selling Dollar Shave Club seven years after paying $1 billion for the brand. Unilever struggled to grow Dollar Shave Club, sources previously told. "Dollar Shave Club did not deliver as expected, and the economics of the DTC model changed," then-CEO Jope said during an earnings call in 2022. "Dollar Shave Club will also serve as a platform for additional brands with a similar DNA." Do you have a story idea about Dollar Shave Club or Unilever to share?

Persons: —, Fabian Garcia, Michael Dubin, Mark Levine, Schick, Dubin, Graeme Pitkethly, You've, Alan Jope, hadn't, Jope, Michael Cohen Organizations: Unilever, Nexus Capital Management, NEW, Service, Care, Gillette, Schmidt's Naturals, Procter & Gamble, Club Locations: cologne

☆ Unilever is selling Dollar Shave Club, the quirky direct-to-consumer pioneer that never really fit in with the massive company
▼ + stars: | 2023-10-26 | by ( Alex Bitter | ) www.businessinsider.com time to read: +4 min

☆ Rite Aid is planning to close about 150 locations. See if your local store is on the list.
▼ + stars: | 2023-10-17 | by ( Alex Bitter | ) www.businessinsider.com time to read: +9 min

Rite Aid filed plans to close 154 stores on Monday as part of its Chapter 11 bankruptcy. Rite Aid is the smallest of the three major drugstore chains, well behind CVS and Walgreens. Rite Aid was expected to close stores as part of its bankruptcy. Rite Aid told Insider that it considers a variety of factors when deciding to close a store, "including business strategy, lease and rent considerations, local business conditions and viability, and store performance." "We will also strive to transfer associates to other Rite Aid locations where possible," the company said.

Persons: —, Glen, Taylor, Daniel Webster, Merrick, William Penn, Redmond, Lacey Organizations: CVS, Walgreens, Service, Pennsylvania . Rite Aid, Wall Street Journal, Rite Aid, Rite, Crenshaw, Hollywood Way, San, Niguel, Yorba, Santa, Thompson Boulevard, Ventura, Atwater, Overland, Meridian, Main, Bel, Bel Air South, Park, Main Street, Lafayette, Garfield, Garden, Ford, Flint, Farmington, Whittemore Street, New Jersey :, Marshall, Bridgeton Pike, Whiting, Pike, Huntington, Jericho Turnpike, Jeff, North Street, Cesar, Chavez, Pennsylvania, Stevenson, Bethel, Union, Allentown, Fourth Street, Fifth, Washington Lane, Street, Central Avenue, Grady, Everett Locations: California, New York, Pennsylvania, Los Angeles, Rock, Centinela, Downey, Beach, Burbank, Hollywood Way Covina, Puente, Alhambra, Oceanside, San Diego, Yorba Linda, Santa Ana, Thompson, Thompson Boulevard Oxnard, Cupertino, Santa Clara, Cruz, Bellevue, Sacramento, Boulevard Ontario, Irvine, Monterey, Alvarado Street Connecticut, Bethel, Greenwood, Delaware, Newark, Hill, Wilmington, Idaho, Boise, Maryland, Elkton, Pulaski, Baltimore, Glen Burnie, Baltimore Annapolis Boulevard Massachusetts, Webster, Main Street Michigan, Fremont, Greenville, Clinton, Macomb, Sturgis, Centerville, Clinton Township, Gratiot, Shelby Township, Dyke, Jackson, Michigan, Manistee, Garden City, North, Detroit, Farmington Hills, St, Johns, Whittemore Street Lansing, Hampshire, Merrimack, New Jersey, New Jersey : West Milford, Mantua, Bridgeton, Irvington, Somerset, Williamstown, Pike New York, Brooklyn, Shore, Merrick, East Northport, Jericho, Jericho Turnpike Medford, Patchogue, West Patchogue, Kenmore, Rochester, Flushing, Levittown, Ohio, Massillon, East New Carlisle, Dayton, Youngstown, Springfield, North Street Bellefontaine, Oregon, Portland, Kensington, Brighton, Bethel Park, Pittsburgh, Greensburg, Bethlehem, Fourth Street Philadelphia, Venango, Washington, Conshohocken, Hanover, Mechanicsburg, Erie, Abington, York, Johnstown, Ardmore, Lancaster, Pittston, Wyoming, Yardley, Chester, Street Titusville, Central Avenue Virginia, Chesapeake, Pleasant, Seattle, Graham, Renton

☆ ‘We’re all secretly embarrassed about something’: Inside the world of artist Sarah Lucas
▼ + stars: | 2023-10-12 | by ( Ananda Pellerin | ) edition.cnn.com time to read: +7 min

CNN —The world of Sarah Lucas is crowded with body parts. “Chicken Knickers”, a photo from 1997, is one of over 75 works on display as part of “Happy Gas” a major retrospective of Lucas’ work at the Tate Britain gallery in London. Lucy Dawkins/Tate BritainHow you respond to the work implies something about you as much the art, Lucas said during an interview with CNN on the day of the exhibition preview. It probably depends on what you’re bringing to it; whether you’re secretly embarrassed about something. Max Colson/Courtesy the artist/Sadie Coles HQ London/Tate BritainLike a well-executed joke, Lucas’ work provokes as it draws audiences in, which might have to do with where people encounter it, she says.

Persons: Sarah Lucas, Lucas ’, Florian, Kevin, Lucas, Lucy Dawkins, Tate, I’m, you’re, ” Lucas, Tracey Emin, Damien Hirst, Max Colson, Sadie Coles, ”, — Lucas, “, Sarah Lucas Mumum, Mike Bruce, Doris ”, Doris, Robert Glowacki, “ I’m, it’s, Tim Toms, “ William Hambling ”, “ Florian ”, Kevin ” Organizations: CNN, London -, Tate, Young British Artists, Goldsmith University, MTV, Sunday Sport, London, Britain Locations: London, Tate Britain, British, Suffolk

The idea behind the Ryder Cup task force that was formed after the 2014 matches was to build some continuity among the U.S. teams. He had been an assistant four times in the Presidents Cup and Ryder Cup. The key is to see whom Furyk, the 2018 Ryder Cup captain and now the Presidents Cup captain for 2024 in Montreal, selects as his assistants for next year. Former PGA champion David Toms was overlooked as a Ryder Cup captain, just like another PGA champion, Larry Nelson, was before him. DIVOTSRickie Fowler is one of four Americans to have been on a losing Ryder Cup team in Europe at least four times.

Persons: GUIDONIA MONTECELIO, Luke Donald, Bernard Gallacher, Tiger Woods, Phil Mickelson, LIV, Woods, Ben Hogan, Johnson, Jordan Spieth, Justin Thomas, John Lindert, Don Rea, Seth Waugh, Steve Stricker, Davis Love, Fred Couples, Jim Furyk, Stewart Cink, Marco Simone, Matt Kuchar, David Duval, David Toms, Larry Nelson, Toms, he's, Max Homa, Brooks Koepka, ” Jordan Spieth, “, ” Spieth, Si Woo Kim, Kim, Yubin Jang, Wooyoung Cho, “ I've, Danny Oh, Rory McIlroy, McIlroy, Jon Rahm, Collin Morikawa, Xander Schauffele, Arthur Blank, Steve Cohen, DIVOTS Rickie Fowler, Danny Willett, ”, LIV Golf, Louis Oosthuizen, Ludvig Aberg, Swede, ’, ___ Organizations: — Team, Bethpage, Bethpage Black, U.S, Ryder, PGA, FedEx, BMW PGA, South Korea, Asian Games, South, Games, Asian, Sports, SoFi Technologies, ESPN, Atlanta Falcons, New York Mets, SoFi, Ryder Cup, Dunhill, Sanderson, Texas Tech, PGA Tour University, Indiana, Italian Golf Federation Locations: Italy, Saudi, Adare Manor, Ireland, U.S, Montreal, Paris, Europe, England, France, Wentworth, South, China, Thailand, South Florida, Los Angeles, Atlanta , New York, Boston, Saudi Arabia, Mississippi

☆ Hurricane Lee path: Now a post-tropical cyclone, storm brings rain to New England and Atlantic Canada
▼ + stars: | 2023-09-16 | by ( Aya Elamroussi | ) edition.cnn.com time to read: +4 min

CNN —Now a post-tropical cyclone, Lee continues to churn hurricane-strength winds early Saturday morning while delivering rainfall to parts of southeastern New England and Atlantic Canada, according to the National Hurricane Center. Weakening is forecast tonight and Sunday while Lee moves across Atlantic Canada,” the National Hurricane Center said Saturday in its 5 a.m. advisory, adding the storm has lost sufficient tropical characteristics to be considered a hurricane. ET Saturday, the hurricane center said. “These conditions are likely to lead to downed trees and potential power outages,” the hurricane center warned. A sustained wind of 43 mph and 59 mph gust were recently measured at Dennis, Massachusetts, the hurricane center said.

Persons: Lee, “ Lee, Maura Healey, Michael Brennan, Jamie Rhome, ” Rhome, Steve Heaslip, ”, Kyle Leavitt Organizations: CNN, National Hurricane Center ., Atlantic, National Hurricane Center, US, Massachusetts Gov, New, Organization Locations: New England, Atlantic Canada, Nova Scotia, Maine, Canadian, New Brunswick, Eastport , Maine, Halifax , Nova Scotia, US East Coast, Massachusetts, Lee’s, Dennis , Massachusetts, New Hampshire , Massachusetts, Rhode, Martha’s Vineyard, Nantucket, Canada, Florida, Toms River , New Jersey, Ortley, Nauset, East Orleans , Massachusetts

☆ Toms Shoes Founder Blake Mycoskie talks the therapeutic benefits of psychedelics
▼ + stars: | 2023-07-21 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailToms Shoes Founder Blake Mycoskie talks the therapeutic benefits of psychedelicsToms Shoes Founder Blake Mycoskie joins “Last Call” to talk the use of psychedelics for therapeutic purposes.

Persons: Toms, Blake Mycoskie, psychedelics Toms

☆ Burger King parent says U.S. turnaround is already improving profits for franchisees
▼ + stars: | 2023-06-23 | by ( Amelia Lucas | ) www.cnbc.com time to read: +4 min

The burger chain in September unveiled the $400 million turnaround plan it crafted with franchisees after several years of disappointing sales. In 2020, Burger King slid to the No. And the gulf between Burger King and its top rival McDonald's has only widened. But Burger King is trying to launch a comeback, with its parent company pouring money into restaurant renovations and advertising. So far this year, two Burger King franchisees have filed for bankruptcy.

Persons: Burger, We've, we've, Josh Kobza, Tim Hortons, Burger King, McDonald's, Tom Curtis, Curtis Organizations: Restaurant Brands, CNBC, Subs, Burger King, Burger King's U.S, Toms King Holdings, Meridian Restaurants, Restaurant Business, Meridian, Burger King U.S, Brands Locations: U.S, Burger

☆ This Wall Street bank's stock is expected to double over the next year, Jefferies says
▼ + stars: | 2023-06-22 | by ( Ganesh Rao | ) www.cnbc.com time to read: +4 min

Shares of global bank Barclays are forecast to more than double over the next 12 months, according to Jefferies. The British bank's stock has underperformed and is valued below its peers over the past few months. The disparity has led to the bank reportedly hiring consulting firm BCG to undertake a strategic review to address weaknesses in the share price. The bank's analysts predict that Barclays can potentially buy back £2.2 billion worth of shares in 2024 and 2025, along with £1.5 billion this year. As the bank's earnings increase, its share price could also rise, providing a better return for shareholders.

Persons: Jefferies, Joseph Dickerson, Benjamin Toms, Roger Lee Organizations: Barclays, BARC, Jefferies, RBC Capital Markets, RBC, Investec Securities Locations: London, United States, British, U.K

☆ Hiding Behind the Hedges
▼ + stars: | 2023-06-16 | by ( Debra Kamin | ) www.nytimes.com time to read: +1 min

Robert Frost may have thought good fences make good neighbors, but in Los Angeles, those fences are planted rather than built. “Hedges are a constant in every design I do,” said Brent Green, a veteran landscaper in Los Angeles whose clients include Regina King, Regina Hall and Sharon and Ozzy Osbourne. “You guys are all concrete in Manhattan, and for privacy you have doormen,” he said to a reporter. “But here in Los Angeles, you can live near a freeway, a heavily trafficked street or be right on top of your neighbor, and you’ll still have a backyard. Hedges create privacy and make that a usable space.”Los Angeles is a horizontal city, a sprawling quilt of stitched-together neighborhoods bounded by crags and ocean.

Persons: peeping Toms, Robert Frost, “ Hedges, ”, Brent Green, Regina King, Regina Hall, Sharon, Ozzy Osbourne, “, you’ll Organizations: Regina, Hedges Locations: Los Angeles, Manhattan

☆ There's never been a better time for "Vanderpump Rules" stars Ariana Madix and Katie Maloney to open their sandwich shop
▼ + stars: | 2023-06-08 | by ( Madeline Berg | ) www.businessinsider.com time to read: +4 min

Buzz has never been higher around "Vanderpump Rules" stars Ariana Madix and Katie Maloney. It's the perfect time for them to open their much anticipated sandwich shop, Something About Her. Searches for "something about her sandwich shop menu" spiked 5,000% on Wednesday. "Vanderpump Rules" is pulling series-high ratings, with the first reunion episode garnering 2.7 million more viewers than the show was getting pre-scandal, The Wall Street Journal reported. In the days following the cheating revelation, the pair's restaurants Tom Tom and Schwartz and Sandy's were review-bombed, vandalized, and dealt with canceled reservations.

Persons: Buzz, Ariana Madix, Katie Maloney, —, Madix, Maloney, it's, Gaga's, there's, katie, ariana, they'd, Tom Sandoval, Raquel Leviss, panini, Tom Schwartz, Tom Tom, Schwartz, Sandy's, Addison, Rae, Jeffrey Ten Organizations: Service, Gaga's Haus, Street Journal, Global, Brand, Madix

☆ Burger King is closing 27 more locations across the US. See the full list.
▼ + stars: | 2023-04-14 | by ( Danni Santana | ) www.businessinsider.com time to read: +3 min

Franchisee Meridian Restaurants Unlimited is closing 27 Burger King locations in the US. Another Burger King franchisee, EYM King of Michigan said it will close 26 locations last month. Meridian operates over 100 Burger King locations. The Burger King operator filed for bankruptcy in March because of low sales and high inflation, among other factors. Another Burger King franchisee, TOMS King Holdings, filed for Chapter 11 bankruptcy protection in January for similar reasons.

☆ Burger King is selling more Whoppers than ever before in early days of its U.S. turnaround
▼ + stars: | 2023-04-14 | by ( Amelia Lucas | ) www.cnbc.com time to read: +5 min

Seven months after Burger King unveiled a strategy to revive its U.S. business, the chain is selling more Whoppers than ever before. Burger King also held roundtables for general managers in 45 cities. Additionally, Burger King launched its "You Rule" marketing campaign in the fall. The chain's mascot, the Burger King, is nowhere to be seen in the ads. Two Burger King franchisees have filed for bankruptcy so far in 2023.

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