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☆ 10-year-old Texas student charged with 'terrorist threat' over hoax school shooting threat, police said
▼ + stars: | 2024-09-24 | by ( Minyvonne Burke | Minyvonne Burke Is A Senior Breaking News Reporter For Nbc News. | ) www.nbcnews.com time to read: +1 min

A 10-year-old student has been charged with felony terrorist threat for allegedly threatening to commit a school shooting at a Kerrville, Texas, middle school, police said Monday. School resource officers, working with district officials, began investigating and found that the 10-year-old made the social media posts as a hoax. Hal Peterson Middle School in Kerrville, Texas. Google MapsPolice said "no valid threat to Hal Peterson Middle School existed." Kerrville police said that making a school shooting threat is a felony offense and every threat will be taken seriously.

Persons: Hal, Hal Peterson Organizations: Kerrville Police, Hal Peterson Middle School, Hal Peterson Middle, Google, Police Locations: , Texas, Kerrville , Texas, Volusia County , Florida

☆ Florida sheriff releases mugshot of 11-year-old charged with making school shooting threat
▼ + stars: | 2024-09-17 | by ( Minyvonne Burke | Minyvonne Burke Is A Senior Breaking News Reporter For Nbc News. | ) www.nbcnews.com time to read: +4 min

A Florida sheriff released the mugshot and video of an 11-year-old child charged with a felony of making the written threat of a mass shooting. "Since parents, you don't want to raise your kids, I'm gonna start raising them," Volusia County Sheriff Mike Chitwood said at a news conference Friday. Volusia County Sheriff's OfficeIn the video, the child is handcuffed behind his back as deputies take him inside the jail. "Go talk to the families who have lost a loved one in a school shooting. The Volusia County Sheriff's Office said in a news release on Friday that two teenagers, ages 13 and 14, allegedly posted threats on TikTok and Instagram.

Persons: I'm, Mike Chitwood, Detectives, He's, he's, Sheriff Chitwood, It’s, I’m, that’s, Don’t, Chitwood Organizations: Middle School, Sands Middle School, NBC, Police, Volusia County Sheriff's, Volusia County Schools Locations: Florida, Volusia County, Port Orange, Florida's Volusia, Volusia

☆ 11-year-old Florida student arrested for threatening to commit a mass shooting, authorities say
▼ + stars: | 2024-09-16 | by ( Amy Simonson | ) edition.cnn.com time to read: +3 min

CNN —An 11-year-old middle school student in Port Orange, Florida, has been charged with a felony after threatening to commit a mass shooting at a middle school, authorities said Monday. “We just arrested a Creekside Middle School student who made threats to commit a school shooting at Creekside or Silver Sands Middle School,” Volusia County Sheriff Michael Chitwood said in a post on social media announcing the arrest. He says it was all a joke.”The Creekside Middle School student was charged with a felony for intimidation through a written threat of a “mass shooting/terrorism act,” according to an incident report sent to CNN by the Volusia County Sheriff’s Office. He said the other students “began to discuss how (the juvenile) was going to complete a shooting” after he showed them the rifles and knives, the report stated. Because you don’t want to raise your kid, Sheriff Chitwood is going to raise them,” he said in the video.

Persons: “, Volusia County Sheriff Michael Chitwood, ’, ” Chitwood, Chitwood, ” Organizations: CNN, Middle School, Sands Middle, Volusia County Sheriff, Middle, Volusia County Sheriff’s Office, Creekside Middle School, Silver Sands, – Locations: Port Orange , Florida, Volusia County, Silver, Florida’s

The wife of a California inmate will receive $5.6 million after being sexually violated during a strip search when she tried to visit her husband in prison, her attorneys said Monday. Of the $5.6 million settlement, the California Department of Corrections and Rehabilitation will pay $3.6 million and the rest will be paid by the other defendants, which include two correctional officers, a doctor, and the Adventist Health Tehachapi Valley hospital. Despite no contraband being found in any of her belongings or her body, Cardenas was denied her visit with her husband. California prisons have faced an ongoing problem of sexual abuse and misconduct, with the the U.S. Justice Department announcing it had opened an investigation into allegations that correctional officers systematically sexually abused incarcerated women at two state-run California prisons. Earlier this year the federal Bureau of Prisons announced it will close a women’s prison in Northern California known as the “rape club” after an Associated Press investigation exposed rampant sexual abuse by correctional officers.

Persons: Christina Cardenas, ” Cardenas, Cardenas, Christina, It’s, “, Gloria Allred, Allred Organizations: California Department of Corrections, Rehabilitation, Adventist Health, U.S . Justice Department, of Prisons, Associated Press Locations: California, Tehachapi, Calif, Adventist Health Tehachapi, Cardenas, Northern California

☆ Opinion | Oops, Justin Timberlake Did It Again
▼ + stars: | 2024-06-22 | by ( Jennifer Weiner | ) www.nytimes.com time to read: +1 min

Poor Justin Timberlake … are not three words I could have imagined typing 25, or 15 or even five years ago. Sprinkling salt on the wound, Page Six reported that the arresting officer didn’t know who the perp was. Streams of Britney Spears’ song “Criminal” spiked. The misery of celebrities always occasions a fire hose of schadenfreude, but this seems next level. Where, I found myself wondering as I scrolled and LOL’ed, are the fans rallying to his defense?

Persons: Justin Timberlake …, Timberlake, Mickey, Britney Spears, didn’t Organizations: Mickey Mouse Club, Hamptons

Bottles of Ricard's aniseed-flavoured beverage are pictured at the Ricard manufacturing unit in Lormont, near Bordeaux, France February 15, 2019. REUTERS/Regis Duvignau/File Photo Acquire Licensing RightsPARIS/LONDON, Oct 19 (Reuters) - French spirits maker Pernod Ricard (PERP.PA) said on Thursday it expected to grow sales over the coming year, despite a difficult first quarter marred by big drops in sales in the United States and China. Pernod struggled as a tough economy in China dampened demand and amid inventory adjustments in the United States, where sales are also normalising after a post-COVID surge. "I am confident that we can deliver broad-based and diversified sales growth in FY24," Ricard said in a statement. But, he continued, it's not clear to what degree there will have been improvement in the economic environment hurting Pernod's performance right now.

Persons: Regis, Pernod Ricard, PERP.PA, Pernod, Alexandre Ricard, Ricard, Martell, Mumm, Pernod's, Bernstein, Trevor Stirling, it's, Helene de Tissot, Dominique Vidalon, Emma Rumney, Sherry Jacob, Phillips, Mark Potter Organizations: Ricard, REUTERS, Diageo, Thomson Locations: Lormont, Bordeaux, France, LONDON, United States, China, India, Americas, Paris, London

☆ Absolut Vodka and Coke's Sprite to combine in canned cocktail
▼ + stars: | 2023-10-16 | by ( ) www.reuters.com time to read: +1 min

[1/2] A Coca-Cola logo is pictured during an event in Paris, France, March 21, 2019. REUTERS/Benoit Tessier/File Photo Acquire Licensing RightsLONDON, Oct 16 (Reuters) - Absolut Vodka and lemonade drinkers will soon be able to sip their preferred cocktail from a can, after drinks makers Pernod Ricard (PERP.PA) and Coca-Cola (KO.N) agreed to a pre-mixed version made from the spirit combined with Sprite. France's Pernod and Coke said on Monday the Absolut & Sprite canned cocktail will be launched in select European markets, including Britain, the Netherlands and Spain, from early 2024. The cans will feature two of the world's most recognisable trade marks, the companies said. Reporting by Emma RumneyOur Standards: The Thomson Reuters Trust Principles.

Persons: Benoit Tessier, Pernod Ricard, Coke, Jack Daniels, Emma Rumney Organizations: REUTERS, Thomson Locations: Paris, France, Britain, Netherlands, Spain

☆ Pernod Ricard shares face a lengthy dry spell
▼ + stars: | 2023-08-31 | by ( ) www.reuters.com time to read: +2 min

A glass of cognac is pictured on a bar in the Manhattan borough of New York City, November 13, 2015. REUTERS/Mike Segar Acquire Licensing RightsLONDON, Aug 31 (Reuters Breakingviews) - Pernod Ricard (PERP.PA) shareholders have few reasons to cheer. The owner of Mumm champagne and Absolut Vodka said that China’s property crunch was making wholesalers cautious and keeping punters out of nightclubs. China has been a key source of growth for drink-makers: helped by Asia, Pernod Ricard’s sales outside of Europe and the Americas grew 17% in 2023. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.

Persons: Mike Segar, Pernod Ricard, Mumm, Remy Cointreau, Aimee Donnellan, Mukesh Ambani’s, Neil Unmack, Oliver Taslic Organizations: REUTERS, Reuters, Investors, Pernod, Diageo, X, Thomson Locations: Manhattan, New York City, U.S, China, Asia, Europe, Americas

☆ Trump trials: A unique challenge for Biden's presidential campaign
▼ + stars: | 2023-08-27 | by ( Jarrett Renshaw | ) www.reuters.com time to read: +6 min

Don't expect any change, Biden advisers say, until after decisions are handed down in those trials. However, sustaining that strategy, during the most contentious and consequential judicial actions in U.S. presidential history, will be severely tested in the coming months, political strategists say. Expect Trump to use a series of criminal trials from New York City to Georgia and Florida in the months ahead to fuel a campaign deeply rooted in grievance politics. The White House and the reelection campaign are content to use the upcoming months - when Republicans are embroiled in a nasty nominating race - to pitch Americans on the success of Biden's economic policies, interviews show. Instead, the reelection campaign will try to draw attention to differences between the two candidates, officials say.

Persons: Donald Trump, Mario Anzuoni, Donald Trump's, Joe Biden, Biden, “ It’s, ”, Jimmy Seagull, Trump, perp, Karen Finney, he'd, — Barack Obama, George W, Bush, Bill Clinton, Jimmy Carter —, Tim Ryan, “, Ryan, Jarrett Renshaw, Heather Timmons Organizations: REUTERS, Republican, Trump, Democratic, Democrats, Republicans, Trump . Democratic, Thomson Locations: Los Angeles , California, U.S, New York City, Georgia, Florida, Ohio, America, United States

Donald Trump might make new campaign merch soon — featuring his Georgia mugshot. But New York doesn't make mugshots public like Georgia does, so the Trump campaign had to get creative. Immediately following that first New York indictment, the Trump campaign started advertising a new T-shirt featuring a clearly fake mugshot of the former President emblazoned with the words "NOT GUILTY." (AP Photo/Alex Brandon)Now that he has the public mugshot he wanted, Trump's team might swap out the fake mugshot on his campaign merch for the real one. On Thursday, Trump rolled out a fundraising plea entirely based on the Georgia indictment and his arrest.

Persons: Donald Trump, merch, Trump's, he's, —, Georgia's, Trump, Alex Brandon, Rudy Giuliani, John Eastman, Jenna Ellis, Sidney Powell, Kenneth Chesebro Organizations: Georgia, Service, Manhattan, New York Times, Times, Guardian, Justice Department, Biden, Hartsfield, Jackson Atlanta International Airport, White, Georgia RICO, New Locations: Wall, Silicon, Fulton County, Manhattan, York, Georgia, New York, Atlanta, New Jersey, Fulton

☆ Trump's Atlanta booking on RICO charges show why we need perp-walkable cities
▼ + stars: | 2023-08-23 | by ( Jacob Shamsian | ) www.businessinsider.com time to read: +10 min

Trump's booking and arraignment in Atlanta will take weeks, which is way too long. In Atlanta, where the Fulton County district attorney charged Trump with an array of crimes for trying to overturn Georgia's 2020 election results, that same process is expected to take several weeks. It's 'lightning speed' for AtlantaTrump has said he'll go to Atlanta on Thursday where he'll be booked at the Fulton County jail, known locally as Rice Street, on 13 charges ranging from RICO — a racketeering charge — to illegally pressuring public officials. Fulton County Sheriffs install barricades outside the Fulton County Jail, making it even less walkable. AdvertisementAdvertisementYes, the district attorney's office, county court, and federal court are all nearby each other in downtown Atlanta.

Persons: Donald Trump, Trump, Georgia's, he'll, —, Patrick Labat, Fani Willis, J.Tom Morgan, Morgan, Willis, Brendan McDermid, hasn't, arraignments, Ronald L, Carlson, Steve Buscemi, counterprotests, Jean Carroll, Ed Sheeran, Jeffrey Epstein, CHANDAN KHANNA, there's Organizations: Atlanta, Service, Trump, Atlanta Trump, Rice, Superior, Western Carolina University ., DA, Former U.S, Manhattan Criminal, REUTERS, Manhattan, New York Police Department, University of Georgia School of Law, Metropolitan Museum of Art, Trump Tower, Google, Fulton County Superior, Fulton County Sheriffs, Getty Locations: Atlanta, York, Wall, Silicon, Manhattan, Fulton County, New York, Fulton, DeKalb County, New York City, walkable, . Manhattan, America, Fulton County Superior Court, Fulton County's, Brooklyn

☆ The workplace can be rough for menopausal women. Employers are starting to step up
▼ + stars: | 2023-08-22 | by ( Jeanne Sahadi | ) edition.cnn.com time to read: +9 min

“The very topic of menopause has been taboo, particularly in the workplace, potentially further exacerbating the psychological burden of menopause symptoms,” the Mayo researchers noted. A 57-year old woman who has worked for years in the construction industry said she first experienced severe menopausal symptoms in her previous job. Menopausal symptoms might not be as troublesome at work if women could access more reliable information and care from their regular doctors. The plan lets any employee take up to 10 days off to address self-care issues of any kind, which the company notes can include dealing with menopausal symptoms. It was an attempt to find a way to help employees deal with their symptoms in ways they needed, Falcione told CNN.

Persons: “, ”, Mercer, it’s, White, “ I’ll, I’m, didn’t, Stephanie Faubion, you’re, ” Faubion, Faubion, Aaron Falcione, Falcione, Corina Leu, Leu Organizations: New, New York CNN, CNN, Mayo Clinic, Mayo, Mayo Clinic’s Center, Women’s Health, Merck, Mercer Locations: New York, United States, ”, Mayo

☆ Opinion | Live by RICO, Die by RICO
▼ + stars: | 2023-08-19 | by ( Maureen Dowd | ) www.nytimes.com time to read: +1 min

WASHINGTON — I first met Rudy Giuliani in 1986 when I was a Times reporter writing about corruption cases in New York. Gotham was awash in so much municipal sleeze, a detective joked that city employees were streaming into the F.B.I. Giuliani, the U.S. attorney for the Southern District of New York, got in a kerfuffle with Robert Morgenthau, the storied Manhattan district attorney who was a model for the D.A. in “Law & Order,” because Rudy considered the local prosecutor to be superfluous, so he wasn’t sharing information. Giuliani, 41, was already renowned as a scourge of organized crime.

Persons: WASHINGTON —, Rudy Giuliani, Giuliani, Robert Morgenthau, Rudy, Morgenthau Organizations: Southern, of Locations: New York, Gotham, U.S, of New York, Manhattan

☆ Some former mobsters who were prosecuted by Rudy Giuliani are thrilled that the ex-Trump attorney got hit with RICO charges, mob lawyers say: report
▼ + stars: | 2023-08-18 | by ( Lloyd Lee | ) www.businessinsider.com time to read: +4 min

Rudy Giuliani gained notoriety as a prosecutor for going after New York City mafias in the 1980s. Recently, he was indicted on RICO charges — the same prosecutorial tool he used to take down mafias. A lawyer who represented prominent New York mobsters said his clients are "fucking thrilled." "I don't want to say the language, but they really ripped Rudy a new a------," he told the outlet. Former New York City Mayor Bill de Blasio, who witnessed Giuliani's political rise in the city, also chimed in and told Politico that the indictment was "more than Shakespearean."

Persons: Rudy Giuliani, Giuliani, Donald Trump, Georgia's, Murray Richman, Genovese, Rudy, Jeffrey Lichtman, Gambino, John Gotti, Lichtman, Ted Goodman, Rudy Giuliani fearlessly, Murray Richmond, John Alite, Alite, Richman, Trump, — Rudy, Bill de Blasio, de Blasio Organizations: New York City mafias, New York mobsters, Service, Racketeer, La, La Cosa Nostra, Trump, Former New York, Politico Locations: New York City, Wall, Silicon, New York, La Cosa, Former New York City, Giuliani

☆ Remy Cointreau confident on H2 rebound after weak start to year
▼ + stars: | 2023-07-25 | by ( ) www.reuters.com time to read: +2 min

PARIS, July 25 (Reuters) - French spirits group Remy Cointreau (RCOP.PA) on Tuesday reported a fall in first-quarter organic sales, reflecting weaker U.S. demand, high year-ago comparables and destocking, and said it was banking on a sharp rebound in sales in the U.S. from the third quarter. The recovery in China, which makes 35% of group sales at par with the United States, was led by all cognac brands including CLUB, VSOP, XO and Louis XIII. During the COVID-19 pandemic, Remy Cointreau and rivals such as Pernod Ricard (PERP.PA) benefited from people drinking more expensive types of alcohol at home. There have, however, been signs that spirits industry growth was slowing, notably in the United States, as positive effects from the pandemic fizzle out. ($1 = 0.9033 euros)Reporting by Dominique Vidalon; Editing by Varun H K and Stephen CoatesOur Standards: The Thomson Reuters Trust Principles.

Persons: Remy Cointreau, Remy Martin, Cointreau, Louis XIII, Jefferies, Pernod Ricard, Dominique Vidalon, Varun, Stephen Coates Organizations: CLUB, Louis, Thomson Locations: U.S, China, United States, EMEA, Asia

☆ How investigative journalists and a Netflix film kept the focus on the Gilgo Beach victims over a decade
▼ + stars: | 2023-07-22 | by ( Eric Levenson | ) edition.cnn.com time to read: +10 min

Watch The Whole Story with Anderson Cooper: The Gilgo Beach Killer Sunday at 8 p.m. The bodies of four women were among nearly a dozen sets of human remains found near Gilgo Beach and Ocean Parkway on Long Island. Suffolk County Police DepartmentHeuermann has pleaded not guilty to the murders of Megan Waterman, Melissa Barthelemy and Amber Lynn Costello. A major corruption scandal within Suffolk County law enforcement did not help the matter. Notably, a day after he was arrested, the Suffolk County police deputy commissioner announced that the FBI would join the investigation into the Gilgo Beach murders.

Persons: Anderson Cooper, Shannan Gilbert, Long, Gilbert, WH ”, ”, Spencer Platt, Rodney Harrison, Rex Heuermann, Heuermann, Melissa Barthelemy, Maureen Brainard, Barnes, Amber Lynn Costello, Megan Waterman, Suffolk County Police Department Heuermann, “ It’s, ” Robert Kolker, CNN International’s Rosemary, “, it’s, ” Kolker, “ There’s, who’s, Kolker, Ellen Killoran, Erin Moriarty, Amy Ryan, Liz Garbus, Shannan, Mari, Mari Gilbert, Garbus, James Burke, Burke, Thomas J, Spota, Christopher McPartland, Harrison, Heuermann’s, he’s, Ray Tierney, I’m Organizations: CNN, Netflix, Getty, Suffolk County Police, FBI, Force, Suffolk County Police Department, CNN International’s, “ People Magazine, New York Times, Authorities, Long Island Press, Golden State, Attorney Locations: Shore, Gilgo Beach, Long, Suffolk County, Suffolk

☆ China growth concerns weigh on European shares at open
▼ + stars: | 2023-07-05 | by ( ) www.reuters.com time to read: +1 min

[1/2] The logo of LVMH Moet Hennessy Louis Vuitton is seen during the company's shareholders meeting in Paris, France, April 20, 2023. REUTERS/Gonzalo Fuentes/File Photo/File PhotoJuly 5 (Reuters) - European shares fell on Wednesday as fresh data pointing to China's faltering economic recovery soured investor sentiment, which has been under pressure from uncertainty about future monetary policy steps by major central banks. The pan-European STOXX 600 index (.STOXX) was down 0.4% by 7:02 GMT, following a quiet session on Tuesday when the U.S. markets were closed for Independence Day. Miners (.SXPP) fell 1.0% and were the biggest sectoral decliners as concerns around weak demand from top consumer China, as well as slowing growth in other major economies, hurt metal prices. Reporting by Amruta Khandekar; Editing by Dhanya Ann ThoppilOur Standards: The Thomson Reuters Trust Principles.

Persons: LVMH Moet Hennessy Louis Vuitton, Gonzalo Fuentes, Pernod Ricard, Hermes, Amruta Khandekar, Dhanya Ann Thoppil Organizations: REUTERS, Independence, Thomson Locations: Paris, France, U.S, China

[1/2] A sign reading "Low prices for you" is seen on a shopping trolley in a supermarket in Nice, France, March 1, 2023. REUTERS/Eric Gaillard/File PhotoLONDON/PARIS, June 23 (Reuters) - Danone (DANO.PA) and Kellogg (K.N) are among 75 consumer goods companies that French authorities have asked to cut prices, according to a list seen by Reuters that sources say the government is using for the initiative. The French government is using the list seen by Reuters, produced by a research group, as a reference for the project, according to three sources with knowledge of the matter. Some consumer goods makers have said recently that costs are starting to ease, leading lawmakers and regulators to accuse companies of keeping prices high unnecessarily. Investors have in recent months warned that consumer goods companies should start easing price increases as supply chain costs decline, worried that further hikes could hit market share and margin growth.

Persons: Eric Gaillard, Bruno Le Maire, Knorr, Avril, Pernod Ricard, Kellogg, Richa Naidu, Matt Scuffham, Jan Harvey Organizations: REUTERS, Danone, Kellogg, Finance, Reuters, Unilever, Nestle, ABI, Thomson Locations: Nice, France, PARIS, Ukraine

☆ Booking Trump: No cuffs, no mugshot, no DNA swab, and perhaps the shortest perp walk in history
▼ + stars: | 2023-04-05 | by ( Laura Italiano | Oma Seddiq | ) www.businessinsider.com time to read: +5 min

Trump's arrest and perp walk on Tuesday was not the spectacle of victimization he reportedly wanted. Trump's perp walk was the shortest and quickest that veteran New York lawyers have ever heard of. It was the shortest "perp walk" that New York City lawyers can remember. Richman also said that in her more than 30 years of experience, she's never seen a perp walk where the defendant was uncuffed. But another seasoned defense attorney, Arthur Aidala, thinks that Trump's speedy bare-bones booking, and his minimalist perp walk, just made good sense.

Trump, the first former U.S. president to face criminal charges, is due to be arraigned, fingerprinted and photographed at the downtown Manhattan courthouse on Tuesday. A court official said the arraignment is planned for 2:15 p.m. (1815 GMT) on Tuesday. Trump then will return to Florida and deliver remarks at Mar-a-Lago at 8:15 p.m. on Tuesday (0015 GMT on Wednesday), his office said. Other courtrooms on the courthouse's higher floors will be shut down ahead of the arraignment as part of the security precautions, a court official said. U.S. Representative Marjorie Taylor Greene tweeted an invitation on Sunday to join her at a protest near the courthouse on Tuesday, saying "They’re not coming after President Trump, they’re coming after us, he’s just in their way."

☆ Trump plans to fly back to Mar-a-Lago, hours after his expected arraignment. He will likely be 'allowed to go and travel wherever he wants,' legal experts say.
▼ + stars: | 2023-04-03 | by ( Hannah Getahun | Lloyd Lee | ) www.businessinsider.com time to read: +4 min

A gag order, which could restrict how much he can say about the case, is more likely. "It is safe to assume that Trump will be released on his own recognizance," Ambrosio Rodriguez, a Los Angeles criminal defense attorney, told Insider. Los Angeles criminal defense attorney Joshua Ritter agreed, saying there was no reason to believe a judge would impose travel restrictions on Trump. Rodriguez, on the other hand, said that he did not believe a gag order would happen at all. "I don't think there's a gag order big enough to gag Trump," Rodriguez said.

☆ How a Trump arrest would play out: Yes, he'll be fingerprinted. No, he probably won't be handcuffed.
▼ + stars: | 2023-03-30 | by ( Laura Italiano | Erin Snodgrass | ) www.businessinsider.com time to read: +12 min

Trump is likely to be fingerprinted, swabbed for the state DNA database, and photographed for his mugshot. Trump has been indicted in the Manhattan district attorney's five-year investigation into his personal and business finances, Insider reported Thursday, but he'll be treated like any defendant moving forward — with many key exceptions. "That's called 'walking it through,'" explains Diana Florence, a former white-collar crime prosecutor for the Manhattan district attorney's office. That's what typically happens in white-collar indictments, said Karen Friedman Agnifilo, a former chief assistant with the Manhattan district attorney's office. But even if Trump does need to surrender in person, Secret Service would likely give the perp walk a hard pass.

☆ Easy Diageo succession belies new CEO’s hard job
▼ + stars: | 2023-03-28 | by ( ) www.reuters.com time to read: +2 min

On Tuesday, the 80 billion pound maker of Guinness and Don Julio tequila announced that Chief Operating Officer Debra Crew would replace CEO Ivan Menezes in July. Menezes has been gunning for 5%-7% annual revenue growth and a 6%-9% annual increase in operating profit over the next three years. The company operates with a 31% operating profit margin, higher than its closest rival Pernod Ricard (PERP.PA), which runs on 29%. With the price of staff, ingredients and packaging soaring, cost cutting will be hard to pull off. Diageo’s smooth succession may lay the path for a bumpy road.

☆ European stocks rebound as banking jitters ease
▼ + stars: | 2023-03-27 | by ( Sruthi Shankar | ) www.reuters.com time to read: +3 min

European banks (.SX7P) rose 0.9% after shedding 3.8% on Friday, when Deutsche Bank (DBKGn.DE) sparked a rout in the sector. "Many investors still don't want to touch the banking sector for fears there is more distress to come," said Russ Mould, investment director at AJ Bell. "Yet for every bleak situation, there is always someone who sees an opportunity to make money, hence why we're seeing a rise in the share price of many European banks today." European stocks are looking to end the first quarter of the year with gains, buoyed by signs of economic resilience and hopes that central banks are near the end of their tightening cycles. However, European banks are set to end the quarter nearly flat amid the banking sector turmoil.

☆ Trump is 'enjoying' his multiple legal battles and isn't afraid of going to prison, says former Trump Organization executive
▼ + stars: | 2023-03-27 | by ( Matthew Loh | ) www.businessinsider.com time to read: +4 min

A former Trump Organization executive thinks Donald Trump is "enjoying" fighting off his legal woes. Barbara Res says Trump is likely trying to "make the most of" his multiple legal battles. I don't think he's fearing jail or anything like that," said Barbara Res, a former Trump Organization executive, told CNN's Fredricka Whitfield on Sunday. Res started working for the Trump Organization in 1980 and became an executive vice president at the company before she quit in 1998. Res left the Trump Organization in 1998.

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