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Burger King's roughly 800 Russian restaurants remain open. Its parent company said in March 2022 it had started the process to dispose of its ownership stake. AdvertisementAdvertisementBurger King still hasn't closed its Russian restaurants, more than 18 months after parent company Restaurant Brands International said it would. Burger King's franchise restaurants in Russia are run by a joint venture partnership in which RBI has a 15% stake. Shear added that RBI had "demanded" that the main operator of Russia's Burger King restaurants stop operations, but that it "refused to do so."
Persons: Burger, , David Shear, Shear, Russia's, didn't, hadn't, Angus, Whoppers, Popeyes, Tim Hortons, McDonald's Organizations: Service, Restaurant Brands, BBC Locations: Russia, Russia's Burger, Ukraine
The six first-class suites will separated by individual doors, a first for the airline. Speakers built into the headrests mean passengers won't need headphones. The planes will each have six first-class suites, separated by individual doors in a first for the airline. Japan AirlinesThe suites will have 43-inch TVs, and passengers won't need headphones for the inflight entertainment thanks to speakers built into their headrests, which JAL says is a world first. The new first-class suites come with a "minibar," storage space, and a monitor to communicate with flight attendants.
Persons: Organizations: Japan Airlines, Airbus, Service, JAL, Japan, Japan Airlines JAL Locations: Japan Airlines, Japan, Tokyo, New York
A Kansas Chipotle manager repeatedly asked a Muslim teenage worker to remove her hijab, the EEOC saidThis culminated in the manager "forcibly" pulling it off her head to see her hair, the EEOC said. AdvertisementAdvertisementA Chipotle manager in Kansas repeatedly asked a Muslim worker to remove her hijab and "forcibly" pulled it off her head when she refused to show him her hair, the Equal Employment Opportunity Commission says. The assistant manager "continually" asked the worker, then 19, to remove her hijab and show him her hair despite her asking him to leave her alone, the EEOC wrote. The harassment reached a peak when the assistant manager tried to forcibly remove the worker's hijab, according to the EEOC. In August 2021, when staff were closing down the restaurant, the assistant manager "reached out, grabbed her hijab, and yanked," the EEOC said.
Persons: , Chipotle didn't, Chipotle Organizations: Chipotle, Service, Commission, Kansas City Star Locations: Kansas, Lenexa
A former Target vice-chairman said the internet had driven retail theft "through the roof." Online marketplaces are "like a flea market on steroids" for selling stolen goods, he told Fox Business. AdvertisementAdvertisementThe former vice-chairman of Target says that the internet is "like a flea market on steroids" for thieves looking to get rid of stolen goods. Gerald Storch told Fox Business on Wednesday that the internet had driven retail theft "through the roof." "It's like a flea market on steroids for getting rid of the product.
Persons: , Gerald Storch, Storch, Target Organizations: Target, Fox Business, Service, Retailers Locations: New York, Seattle, Portland
More young people are getting Costco memberships, CEO Craig Jelinek told CNBC. Younger shoppers have a different purchasing power to baby boomers and Gen X, Jelinek said. AdvertisementAdvertisementMore young people are buying Costco memberships, but they're not buying as much as older generations, the retailer's CEO says. "We're seeing more younger people sign up, absolutely," Craig Jelinek told CNBC's Jim Cramer. They're slightly going up as they become longer members, but initially the purchasing power from the younger generation compared to the boomers or X is a little bit different in what they're buying."
Persons: Craig Jelinek, they're, Gen X, Jelinek, , CNBC's Jim Cramer, Xers –, haven't, Richard Galanti, we're Organizations: Costco, CNBC, Service, Pew Research Center, of Labor Statistics, Census Bureau
You can get a Costco 157-piece Le Creuset at Costco if you're prepared to splash out $4,500. The set "includes everything you need to set up your kitchen to be your own professional chef," Costco says. "The ultimate cookware set from Le Creuset includes everything you need to set up your kitchen to be your own professional chef," the description says. The set includes Le Creuset dinnerware in its signature shade of red. AdvertisementAdvertisementCostco also sells a Le Creuset nine-piece stainless steel cookware set for $499.99 and a nine-piece non-stick cookware set for $399.99.
Persons: Costco, , they're, Le Organizations: Costco, Service
The average ticket value was down 4.5% in the US, which its CFO attributed to lower sales of higher-value non-food discretionary items. In the previous quarter, the average ticket size had been down 3.5% compared to the same period in 2022. During that quarter, these items made up 55% of e-commerce sales but just 8% of in-warehouse sales, Galanti said during its earnings call in May. Audio product sales were up "a little" and TV sales were up but the average price point had come down, he said. From July to August, the average price of some items including tomatoes, eggs, cheese, rice, cereal, and bread declined, the data shows.
Persons: , execs, Richard Galanti, Galanti Organizations: Costco, Service, of Labor Statistics
Costco has been selling one-ounce gold bars. Rand Refinery gold bars cost $1,950 each, while PAMP Suisse bars cost $1,980. AdvertisementAdvertisementCostco has been selling one-ounce gold bars that it says get snapped up in hours. "I've gotten a couple of calls that people have seen online that we've been selling one-ounce gold bars," CFO Richard Galanti told investors Tuesday at the retailer's fourth-quarter earnings call. AdvertisementAdvertisement"It's heavier than I thought," one TikToker said in a video unboxing two bars of gold she bought from Costco."
Persons: , I've, Richard Galanti, Galanti Organizations: Costco, Rand, Service, Africa's Rand Refinery, PAMP Suisse, UPS Locations: Suisse, Africa's, Swiss
Sales boomed after Taylor Swift stopped by to watch a Kansas City Chiefs game on Sunday. The two women's Kelce jerseys on its site have both sold out in sizes S to XL. AdvertisementAdvertisementSwifties have been snapping up Travis Kelce NFL jerseys and T-shirts after Taylor Swift stopped by to watch one of his games in Kansas City, Missouri, on Sunday. It's unclear whether the almost fivefold spike in sales was just for Kelce jerseys or whether it covered other items of his merchandise. Fanatics sells adult Kelce jerseys in brown, red, white, and gray, priced between $129.99 and $184.99.
Persons: Travis Kelce merch, Taylor Swift, , Travis, Kelce, Swift Organizations: NFL, Kansas City Chiefs, Service, TMZ, Chiefs, Chicago Bears, Arrowhead, Kelce, Swifties Locations: Kansas City , Missouri
Atlanta is the US city with the fastest growth in people starting their own businesses, LinkedIn data shows. Get the inside scoop on today’s biggest stories in business, from Wall Street to Silicon Valley — delivered daily. CNBC reported that there was a 92% growth in the number of people in Atlanta saying on their LinkedIn profile that they'd founded a business. Atlanta is 'enjoying a new dynamism'The Atlanta metro area covers more than 8,500 square miles and has around 6.2 million residents, while Atlanta city has a population of around half a million. The National Association of Realtors named the Atlanta metro area the top market to watch in 2023 in its annual ranking , citing its affordability, "robust" job market, and migration.
Persons: they'd, George Anders, LinkedIn's Anders Organizations: Atlanta, Coca, UPS, Service, LinkedIn, CNBC, Kauffman Foundation, Delta Air Lines, Coca Cola, Depot, CNN, Apple, Microsoft, Visa, Jackson International Airport, Airports, International, National Association of Realtors Locations: Austin, Seattle, San Francisco, Chicago, The Georgia, Delta, Coca Cola, Wall, Silicon, Atlanta, Boston, Miami, Fort Lauderdale , New York City, Los Angeles, Denver, Hartsfield, Georgia
7 reasons why I won't be buying an iPhone 15
  + stars: | 2023-09-24 | by ( Grace Dean | ) www.businessinsider.com   time to read: +1 min
They don't come cheapApplePossibly the biggest consideration that people take into account when buying a new phone is the price. The newest model, the iPhone 15, costs a hefty $799 for the cheapest version. And the Pro version, which comes with other perks like a better camera and battery and is made from titanium, starts at $999. If you want a bigger screen, you need to add $100 to upgrade to an iPhone 15 Plus or $200 to upgrade to an iPhone 15 Pro Max. The most expensive version of the iPhone 15 available for purchase, the Pro Max with a terabyte of storage, comes in at $1,599.
Persons: Max Organizations: Apple, Pro, Samsung, Samsung Galaxy
Apartments in Zurich cost around $19,000 per square meter, according to data from Properstar. Transaction prices for apartments in the Zurich region rose 42.3% between 2013 and 2022. UBS said Wednesday that there was a perception of property in the city as "concrete gold." Renting an apartment in the city, meanwhile, cost around 47 Swiss franc ($58) per square meter, according to the Properstar data. UBS said in its Global Real Estate Bubble Index 2023, released Wednesday, that an increasing number of high-income earners and ultra-low interest rates in recent years had helped push up property prices.
Organizations: UBS, Service, Bloomberg, Henley & Partners, Wüest, Swiss National Bank ., Swiss, Google Locations: Zurich, Properstar, Wall, Silicon, Swiss, London, Lake Zurich, Switzerland
McDonald's is increasing royalty fees for new restaurants by 25% from January. The burger giant is set to increase its monthly royalty fees from 4% to 5% of gross sales for new restaurants opened by franchisees, starting January 1, CNBC first reported. McDonald's is also changing the name of the charge from service fee to royalty fee. McDonald's currently charges a 5% royalty rate "in all owned markets, except for the US and Canada," the company said in another memo to franchisees. AdvertisementAdvertisementMcDonald's first set its service fee at 1.9% in 1955.
Persons: McDonald's, Joe Erlinger Organizations: Service, CNBC Locations: Wall, Silicon, Canada, McDonald's
FTX has sued Sam Bankman-Fried's parents, seeking to recover millionsBarbara Fried and Joseph Bankman. Michael M. Santiago/Getty ImagesFTX co-founder Sam Bankman-Fried has been embroiled in legal troubles since the collapse of the cryptocurrency exchange in November. Now, Bankman-Friend's parents — longtime Stanford law professors Joseph Bankman and Barbara Fried — are caught up in FTX's troubles too. The complaint filed in the collapsed cryptocurrency exchange's bankruptcy case in Delaware seeks to recover some damages from Bankman and Fried. Legal representatives for Bankman and Fried did not immediately to a request for comment from Insider sent outside regular business hours.
Persons: FTX, Sam Bankman, Barbara Fried, Joseph Bankman, Michael M, Fried, , Barbara Fried —, Joe, Barbara Organizations: Stanford, FTX, Bankman, Associated Press Locations: Bahamas, Delaware
A 19-year-old worker suffered "fatal injuries" after cleaning out a concrete mixer, the Department of Labor says. The machine restarted while he was inside, the DOL said. The DOL called his death a "preventable tragedy" and proposed penalties totalling $245,546. "As one of the workers left the mixer, the machine restarted with the other inside," causing him to suffer "fatal injuries," the DOL said. He called the worker's death a "preventable tragedy."
Persons: DOL, Jose A, Gonzalez Organizations: Department of Labor, Service, Foley Products Company, Safety, Health Administration, Transportation, City of Locations: Wall, Silicon, Cantonment, Florida, Georgia, Mobile , Alabama, Alabama, North Carolina, South Carolina, Tennessee, City of Atlanta
A taco chain made staff share their tips with other workers, the labor department claims. The "invalid" tip pool ultimately meant workers also paid the correct wages, the DOL said. The DOL filed a lawsuit against three Barrio Taco restaurant in Michigan, seeking $823,000 in back wages and damages. The managers then redistributed these tips to non-tipped employees, including kitchen staff, the DOL said. AdvertisementAdvertisementAs the restaurants weren't eligible for a tip credit, the servers' and bartenders' wages minus tips were pushed below the federal minimum wage.
Persons: DOL, Jacob Hawley, Hawley, Barrio Organizations: Barrio Taco, Service, Department of Labor, Barrio, Detroit Free Press Locations: Michigan, Wall, Silicon, East Lansing, Grand Rapids, Ohio
Elon Musk worried about the attention Errol Musk was giving his stepdaughter when she was 15, according to a new book. Errol Musk told Insider the claims were "balderdash" and said he was equally attentive to his kids. Over a decade later, Errol Musk fathered two children with the same stepdaughter, Jana Bezuidenhout. Elon Musk invited his father to live near himIsaacson wrote in the biography that Elon Musk convinced his father to move with his then-wife and stepchildren from South Africa to Los Angeles in 2002. AdvertisementAdvertisement"I tried threats, rewards, and arguments to change my father for the better," Elon Musk told Isaacson in the book.
Persons: Elon Musk, Errol Musk, Errol, Jana Bezuidenhout, Walter Isaacson, Elon, Jana, Isaacson, Elon Musk's, Grimes, Musk, Heide Bezuidenhout, Rose, Heide, Kimbal, Kimbal Musk, Stone, Elon Musk —, , didn't Organizations: Service, Elon, Rover, Sunday Times, Facebook Locations: Wall, Silicon, South Africa, Los Angeles, Malibu
Musk's management style allows him to "move faster, take more risks, break rules, and question requirements", Isaacson writes in his biography published this week. AdvertisementAdvertisementOne engineer, Kiko Dontchev, described how having just returned home to his wife after working three days straight, he was told Musk wanted him back at the hangar. In several cases the brutal management style and intense expectations of the SpaceX CEO prompted employees to quit. But sometimes, tools get worn down and [Musk] feels he can just replace that tool," Hughes told Isaacson. It cares about whether you got the rocket right," he told Isaacson.
Persons: Elon, Walter Isaacson's, Musk, Walter Isaacson, Elon Musk, Isaacson, He's, Kiko Dontchev, PHILIP PACHECO Lucas Hughes, Hughes, It's, Tom Mueller Organizations: SpaceX, Service, Elon, Wall Street, Employees, Crew Locations: Wall, Silicon
Stefan Persson, the son of H&M's founder, owns a 19,000-acre country estate in southern England. In 1997, Persson splurged some of his fortunes on a 3,000-acre country estate in Wiltshire, southern England, which went on to become Ramsbury Estates. Ramsbury Estates has about 7,000 acres of farmland, with a focus on wheat and barley alongside a small herd of cattle. Geography Photos/Universal Images Group via Getty ImagesLike many modern farms, Ramsbury Estates has diversified. Ramsbury Estates declined to comment on exactly what the "agency" portion of its business is comprised of.
Persons: Stefan Persson, H, Persson, Erling Persson, Stefan, Persson splurged Organizations: M's, Service, 101st, Bloomberg, Invest, , Ramsbury Estates, Getty, Ramsbury, M Locations: England, Wall, Silicon, Sweden, Wiltshire, Ramsbury, Monki
Gianliuigi Guercia/Getty ImagesOne character who appears frequently throughout the book is Elon Musk's father, Errol Musk. "It turned out to be a really bad idea," Elon Musk told Isaacson. "It was mental torture," Elon Musk told Isaacson. But the years that he spent with his father have somewhat shaped Elon Musk's personality, according to the book. Ex-wife Talulah Riley also told Isaacson that Errol Musk's treatment of his son "had a profound effect on how he operates."
Persons: Elon, Elon Musk's, Gianliuigi Guercia, Errol Musk, Elon Musk, Isaacson, Kimbal Musk, Maye Musk, Kimbal, Grimes, Justine Musk, Errol, he'd, Talulah Riley, Errol Musk's, he's Organizations: Elon Locations: Pretoria
Elon Musk was almost called Nice, a new book by Walter Isaacson said. The name was a reference to the city in France where the billionaire was conceived, the book said. It is based on the two years the biographer spent shadowing the Tesla CEO, along with multiple interviews he conducted with associates, exes, and relatives, among others. In 2021, Elon Musk said he was selling his possessions and wanted as much capital as possible to fund a Mars colony. Representatives for Elon Musk did not immediately respond to Insider's request for comment, made outside normal working hours.
Persons: Elon Musk, Walter Isaacson, Tesla, Walter Isaacson's, Errol Musk, Musk, Elon, Maye, Reeve, Isaacson, Wernher von Braun Organizations: Elon, Service, SpaceX Locations: Nice, France, Wall, Silicon, Mars
The Musk siblings hated a man Maye Musk was dating so much they put firecrackers in his cigarettes. Maye Musk dated the man after she divorced Errol Musk, Walter Isaacson wrote. Isaacson's book, "Elon Musk," details the billionaire's childhood and the strained relationship between his parents. AdvertisementAdvertisementMaye Musk and Errol Musk were married for nine years and are also parents to Kimbal Musk and Tosca Musk. AdvertisementAdvertisementMaye Musk and Errol Musk didn't immediately reply to a request for comment for this story, which was made outside of normal working hours.
Persons: Walter Isaacson's, Elon Musk, Musk, Errol Musk, Walter Isaacson, Maye, Maye Musk, Isaacson, Elon Musk's, Kimbal Musk, Tosca Musk, Grimes, He's, Claire Boucher, he'd, Errol Musk didn't Organizations: Service Locations: Wall, Silicon
Elon Musk told his biographer that he "really" doesn't like taking illegal drugs. Musk famously smoked weed with Joe Rogan in 2018, and says he was subjected to random drug tests afterwards. "SpaceX was a NASA contractor, and they are big believers in the law," Musk told Isaacson. Musk told Isaacson that he had believed he'd done nothing wrong and only agreed to settle to stop Tesla from going bankrupt. "I was forced to concede to the SEC unlawfully," Musk told Isaacson.
Persons: Elon Musk, Joe Rogan, Musk, Joe Rogan's, Rogan, Walter Isaacson, Isaacson, Tesla, there'd, didn't Organizations: Wall Street, Service, Street, SpaceX, NASA, New York Times, Times, Securities, Exchange Commission, SEC, The New York Times Locations: Wall, Silicon, California
Max Levchin told Elon Musk's biographer about the difficulties of working with the maverick billionaire. In the early days of PayPal, Musk suggested an arm-wrestle to resolve an argument over software. AdvertisementAdvertisement"Eventually you will see it my way," an unwavering Musk told Levchin, according to the biography. But rather than a discussion about the pros and cons, Musk told Levchin late one evening: "You know what – I will arm-wrestle you for it." Levchin told Isaacson he though this was "the stupidest imaginable way to settle a software-coding disagreement."
Persons: Max Levchin, Elon Musk's, Musk, Levchin, Elon Musk, Musk's, Peter Thiel, Walter Isaacson's, Isaacson, Paul Sakuma, Vaughn Ridley, Sportsfile, Elon, X.com, Thiel, — Elon Organizations: PayPal, Service, Confinity, Microsoft, Twitter Locations: Wall, Silicon, Levchin, Toronto
Elon Musk's friends held an intervention to stop him starting a rocket company, according to a new book. His college friend made him watch videos of rockets blowing up and warned him he'd lose his money. "When Musk decided he wanted to start his own rocket company, his friends did what true friends do in such a situation: they staged an intervention," journalist Walter Isaacson wrote in the book, titled "Elon Musk." "They made me watch a reel of rockets exploding, because they wanted to convince me that I would lose all my money," Musk told Isaacson. "I wanted to hold out hope that humans could be a space-faring civilization and be out there among the stars," he told Isaacson.
Persons: Elon, he'd, Musk, Elon Musk's, Walter Isaacson, Elon Musk, Isaacson, He's, Gwynne Shotwell Organizations: Service, University of Pennsylvania, PayPal, Mars Society, Lockheed, Boeing, Exploration Technologies, SpaceX, NASA Locations: Wall, Silicon, Los Angeles, United States, Russia, Mars
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