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☆ I spent a night on a superyacht and now I know why the super-rich love them so much
▼ + stars: | 2023-01-28 | by ( Sam Tabahriti | ) www.businessinsider.com time to read: +4 min

I spent a night on a superyacht in Croatia that can accommodate up to 30 people. The super-rich love superyachts and the yachting industry is booming – I now know why. Miha Menegalija of charter broker Goolets says owning a superyacht is one way to showcase your wealth. GooletsBefore boarding the Ohana, I had never been on a boat, let alone on a superyacht. It may not come as a great surprise, but I certainly could get used to spending plenty of time on a superyacht.

☆ Warren Buffett shelled out $6.5 billion to help Mars buy Wrigley during the financial crisis. Here's how he made the candy deal happen.
▼ + stars: | 2023-01-28 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +7 min

Warren Buffett spent $6.5 billion to help Mars acquire Wrigley during the financial crisis. "We fit very well as a partner for what the Mars family wanted to achieve in this purchase," Buffett told CNBC at the time. Buffett doubled his moneyNearly five years after the merger, Mars reached out to Buffett and asked to repurchase Berkshire's Wrigley debt early. Mars contacted Buffett again in 2016 as it wanted to buy him out and take full control of Wrigley. Buffett agreed to sell all of his Wrigley shares for about $4.6 billion in September 2016.

In January 2023, Culver's ditched Pepsi and began promoting Coca-Cola products on its website. Coca-Cola beverages dominate restaurant chains. Up until recently, Culver's also served Pepsi beverages. But the Wisconsin-based fast-food chain, known for its butterburgers and frozen custard desserts, has ditched Pepsi for Coca-Cola products. The Culver's website now advertises that it sells about nine Coca-Cola beverages, including Diet Coke and Coke.

☆ Elon Musk says he dislikes how 'most alcohol' tastes and makes him feel, but is partial to 'red wine in a fine glass' or a Scotch on the rocks
▼ + stars: | 2023-01-23 | by ( Pete Syme | ) www.businessinsider.com time to read: +2 min

Elon Musk tweeted on Sunday night that he doesn't like 'most alcohol,' but is partial to a red wine. "But there is something quite beautiful about red wine in a fine glass." Soon after the game, Musk tweeted a poll about stepping down as the head of Twitter. In 2017, Musk tweeted: "A little red wine, vintage record, some Ambien... and magic!" And a couple months later, he described drinking wine from a mason jar at a friend's party.

☆ A financially independent real estate investor who cash flows $45,000 a month has read over 30 real estate books. His favorite is one written in the 1950s.
▼ + stars: | 2023-01-22 | by ( Kathleen Elkins | ) www.businessinsider.com time to read: +4 min

His favorite is, "How I Turned $1,000 into Three Million in Real Estate in My Spare Time." The author, William Nickerson, started buying real estate in 1936 and ultimately made millions. But he also spent a lot of time self-educating: "I've read over 30 real estate books, easily." His favorite happens to be one by William Nickerson, who started buying real estate in 1936 and ultimately made millions of dollars from his investments. The one Berkley read was a later edition: "How I Turned $1,000 into Three Million in Real Estate in My Spare Time."

☆ Culver's is switching from Pepsi to Coke. Fans are not happy
▼ + stars: | 2023-01-21 | by ( Ramishah Maruf | ) edition.cnn.com time to read: 1 min

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☆ Apple is looking for a top sales executive to spearhead a giant advertising push in sports and streaming. Here are 16 execs who could score the job.
▼ + stars: | 2023-01-19 | by ( Claire Atkinson | Lucia Moses | Lara O'Reilly | ) www.businessinsider.com time to read: +15 min

Netflix also conducted a search before hiring two Snap executives, Jeremi Gorman and Peter Naylor, to lead its new ads business. XandrLesser, a longtime digital ad executive, has extensive experience working on issues around the future of digital marketing. McDonald has a ton of other digital ad sales and publishing experience. She helped launch Modi Media, ad buying giant GroupM's addressable TV business, before joining TV adtech startup Cadent. UnivisionValentino runs Disney's digital ad business as EVP, client and brand solutions.

☆ Top business leaders and policymakers discuss the future of jobs
▼ + stars: | 2023-01-18 | 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 EmailTop business leaders and policymakers discuss the future of jobsModerated by CNBC's Geoff Cutmore, top business leaders discuss at Davos, Switzerland, the impact the green transition, technological advances, demographics and reorganized value chains could have on labor markets. Joining CNBC is José María Álvarez-Pallete, chairman and CEO of Telefonica, Gilbert Fossoun Houngbo, director-general of the ILO, Martin J. Walsh, the Secretary of Labor for the U.S., Pamela Coke-Hamilton, executive director at the ITC, and Saadia Zahidi, managing director at the World Economic Forum.

☆ Top business leaders discuss the future of jobs at the World Economic Forum
▼ + stars: | 2023-01-18 | by ( Cnbc.Com Staff | ) www.cnbc.com time to read: 1 min

[The stream is slated to start at 3 a.m. Please refresh the page if you do not see a player above at that time.] Moderated by CNBC's Geoff Cutmore, top business leaders discuss at Davos, Switzerland, the impact the green transition, technological advances, demographics and reorganized value chains could have on labor markets. Joining CNBC is José María Álvarez-Pallete, chairman and CEO of Telefonica, Gilbert Fossoun Houngbo, director-general of the ILO, Martin J. Walsh, the Secretary of Labor for the U.S., Pamela Coke-Hamilton, executive director at the ITC, and Saadia Zahidi, managing director at the World Economic Forum. Subscribe to CNBC on YouTube.

☆ How January 2023 top diet trends can enable eating disorders
▼ + stars: | 2023-01-17 | by ( Erin Harrop | Dr. Erin Harrop Is An Assistant Professor At The University Of Denver Graduate School Of Social Work. Their Research | Teaching | ) www.nbcnews.com time to read: +12 min

Many fad diets are not actually sustainable or healthy — and some can lead to unhealthy obsessions and dangerous eating disorders. And critically, the majority of people living with eating disorders today do not fit the cookie-cutter stereotype of people with eating disorders. Among adults, people previously thought to be the least at risk for eating disorders — such as men, people over 45 years old and lower-income individuals, have demonstrated the most significant increases in eating disorders. As an eating disorder survivor, many parts of my story fit the eating disorder stereotypes. My journey with my eating disorder was long, and I struggled to get treatment during a time when eating disorder treatment programs were few and far between, and health care lacked mental health parity.

☆ German hard coal importers able to replace Russian supply -industry body
▼ + stars: | 2023-01-13 | by ( ) www.reuters.com time to read: +2 min

"Traders have found new focal points: United States, South Africa and Colombia," industry association VDKi said in a statement. Between January and October 2022 Russia still accounted for a leading 34% of hard coal volumes imported by Germany, data presented by VDKi showed. That reflected Russia's role as a major supplier before the EU introduced a ban on Russian coal imports last August amid sanctions following Russia's invasion of Ukraine. Hard coal imports into Germany last year amounted to 43 million tonnes, 4.7% more than recorded in 2021, preliminary VDKi data also showed. Out of the total, 30 million tonnes were steam coal for electricity plants, up 11.7% year-on-year, and 11 million tonnes were coking coal for steelmaking, down 7.3%.

☆ Pepsi is changing its Zero Sugar recipe
▼ + stars: | 2023-01-13 | by ( Jordan Valinsky | ) edition.cnn.com time to read: +2 min

New York CNN —Pepsi Zero Sugar will soon taste different. Pepsi Zero Sugar’s tweaked formula comes about a year after debuted a refreshed Coca-Cola Zero Sugar recipe. From a sales standpoint, Pepsi Zero Sugar has struggled against main rival Coke Zero Sugar. “Pepsi can no longer be satisfied having an also-ran to Coke Zero Sugar,” Duane Stanford, editor and publisher of Beverage Digest, told CNN. “Reformulating Pepsi Zero Sugar is a line in the sand that says it’s time to compete in earnest for share in the most important cola segment today.”He added that “reformulation is a must to compete effectively,” because customers like sweeter colas.

☆ Coke, PepsiCo Are Target of Probe by Federal Trade Commission
▼ + stars: | 2023-01-10 | by ( Jennifer Maloney | Dave Michaels | ) www.wsj.com time to read: 1 min

The Federal Trade Commission is investigating potential price discrimination in the U.S. beverage market by Coca-Cola Co. and PepsiCo Inc. Still at a preliminary stage, the probe is looking for violations of a law that prohibits suppliers from offering advantageous prices to favored customers or in a specific geographic market, according to people familiar with the matter.

REUTERS/Jorge Silva/HOUSTON, Jan 5 (Reuters) - Venezuela's oil exports last year declined due to infrastructure outages, U.S. sanctions and rising competition in its key Asia market despite assistance from ally Iran, according to shipping data and documents. Iran expanded its role in Venezuela last year, sending supplies to boost exports and technicians to repair a refinery. Venezuela's crude production averaged some 721,000 bpd according to a preliminary data for December and OPEC reports. A U.S. license granted to Chevron Corp (CVX.N) to recover output and exports in Venezuela will take effect this year. A global appetite for fuel alternatives boosted its oil byproducts exports, which added millions of dollars last year.

☆ The soda market is flat, but not for Dr Pepper
▼ + stars: | 2022-12-28 | by ( Danielle Wiener-Bronner | ) edition.cnn.com time to read: +8 min

And recently, Dr Pepper has been gaining ground on its competitors, even as the overall soda market goes flat. “One of the bright spots … has been Dr Pepper.”Founded in 1885 in Waco, Texas, Dr Pepper was the first in a wave of 19th-century upstart soda companies. Courtesy Keurig Dr PepperToday, Dr Pepper advertises itself as a treat, using a pint-sized mascot called Lil’ Sweet in its commercials. After Dr Pepper established itself as an alternative to mainstream colas, it launched on a path that ultimately made it part of the country’s third-largest soft drink maker, Keurig Dr Pepper. Dr Pepper hits the sceneDuring the wave of mega-mergers in the 1980s, Coca-Cola tried to scoop up Dr Pepper.

☆ From the McRib to the Choco Taco, here are 6 foods we lost in 2022
▼ + stars: | 2022-12-26 | by ( Jordan Valinsky | ) edition.cnn.com time to read: +4 min

Chili’s Original Chicken TendersChili's replaced its Original Chicken Crispers with something crispier, as pictured here. Honest TeaRIP Honest Tea. Weeks after Coke’s announcement, the founders of Honest Tea launched another bottled iced tea drink called Eat the Change. Wendy’s Vanilla FrostyWendy's vanilla Frosty will come back eventually. Let’s be clear: the Vanilla Frosty isn’t gone for good.

☆ Warren Buffett's right-hand man Charlie Munger might not get his windowless dorm built at UC-Santa Barbara
▼ + stars: | 2022-12-23 | by ( Aaron Mok | ) www.businessinsider.com time to read: +4 min

UC-Santa Barbara's Munger Hall may not be built after 13 people said it could pose health risks. The dorm — backed by a $200 million donation from Munger — was supposed to be 11-stories high with 4,500 beds across 70 square-foot bedrooms with no windows, according to the Times. Munger Hall has been criticized for its lack of windows in the bedrooms where students would live. Panelists said that Munger Hall could pose challenges to the mental and physical health of students, Vice reported. As far as the report, Munger told The Real Deal that the it's "all horseshit," adding that "it's ridiculous."

☆ A coal mine is on fire in Utah leaving a small town at risk
▼ + stars: | 2022-12-21 | by ( Sara Ruberg | Sara Ruberg Is A News Associate With Nbc News. | ) www.nbcnews.com time to read: +3 min

The Trump administration gave several towns relying on oil, gas and coal a boost by cutting royalty payments and expanding projects. East Carbon is a coal town, one of only a few hundred still hanging on. Emery County Coal Resources, which is a subsidiary of American Consolidated Natural Resources, owns Lila Canyon Mine and did not reply to several requests for comment. Utah relies heavily on coal for energy: 61% of the state’s electricity net generation came from coal-fired plants. But Porter said Emery County Coal Resources, the company that runs the mine, has a solid plan to extinguish it.

☆ In a leaked all-hands recording, Salesforce CEO Marc Benioff discussed executive departures and vowed again to try and win them back
▼ + stars: | 2022-12-12 | by ( Ashley Stewart | ) www.businessinsider.com time to read: +3 min

Salesforce is experiencing an executive exodus as co-CEO Bret Taylor and others resign. Marc Benioff addressed the exits in the company's latest all-hands, vowing to recruit them back. Salesforce cofounder and CEO Marc Benioff addressed the company's recent executive exodus during a company all-hands last week, according to a recording viewed by Insider. Taylor's plans to leave the company became public Nov. 30 — exactly one year after taking over as co-CEO alongside Benioff. At the all-hands, Benioff put a cheerful spin on the exodus, emphasizing yet again plans to pursue those who have left.

☆ Russia's Gazprom Neft eyes steady oil refining volumes in 2023
▼ + stars: | 2022-12-08 | by ( Olesya Astakhova | ) www.reuters.com time to read: +2 min

The stable output at Gazprom Neft, which controls Russia's largest oil refinery in the western Siberian city of Omsk, shows the resilience of the Russian oil industry despite the harshest Western sanctions in recent history. The 400,000-barrel per day (bpd) Omsk plant, 1,600 km east of Moscow, started operations in 1955 and is Russia's largest oil refinery. He said the company continues modernisation of the plant following the launch of a deep oil refining complex earlier this year. Next year, Gazprom Neft plans to install a primary refining complex at the plant with capacity of 8.4 million tonnes per year. According to Vedernikov, the Omsk refinery is also working on production of the needle coke.

☆ Coca-Cola is getting into Christmas movies
▼ + stars: | 2022-12-07 | by ( Danielle Wiener-Bronner | ) edition.cnn.com time to read: +4 min

The venture is a continuation of Coca-Cola’s Real Magic platform, which takes an experimental approach to marketing the company’s core product. The Christmas Anthology is part of a new platform called Real Magic Presents. Coca-Cola has a history of associating itself with Christmas, so much so that the company has an FAQ page for “Did Coca-Cola create Santa Claus?” (The answer: Sort of. “It allows us to work on content that fits into our Real Magic platform,” said Careaga. It’s more centered on our traditions.”The Coca-Cola anthology is designed to appeal to a global audience.

Through trial and error, I learned to keep track of my spending and gained valuable experience with money. I still use these lessons today to monitor my spending, keep a budget, and compare prices for the best deals. A $5 bill gave me practical experience with money every dayI used problem-solving skills to make sure my sister and I had enough money for food and beverages without going over our budget. When we asked our mom for more money, she reminded us to use our money more thoughtfully next time. My mother's lessons continue to help me be an informed consumerMy mother's lessons with the $5 bill remain with me today.

☆ PepsiCo plans to cut hundreds of corporate jobs, report says
▼ + stars: | 2022-12-05 | by ( Amelia Lucas | ) www.cnbc.com time to read: +1 min

PepsiCo is eliminating hundreds of corporate jobs in North America, according to the Wall Street Journal. The company's beverage unit is expected to be hit harder by the cuts because the snacks unit already shrank its workforce through a voluntary retirement program, according to the Journal. Pepsi employed 309,000 people worldwide as of Dec. 25, with more than 40% of those jobs located in the U.S., according to a company regulatory filing. Several food and beverage companies have also cut jobs, including Beyond Meat , Impossible Foods and PepsiCo's main rival Coca-Cola . In November, Coke said it would restructure its North American business through a voluntary separation program that included buyouts.

Exports also benefited from the restart of a PDVSA-Chevron crude upgrader at their Petropiar joint venture in the Orinoco Belt. Nearby, one of Petrolera Sinovensa's two crude blending plants operated by PDVSA and China National Petroleum Corporation (CNPC) also resumed work. Venezuelan PDVSA's crude processing facilities restarted operations after outages and a lack of diluents, leading to a sale increase in November. PDVSA also sent about 38,000 bpd of crude, fuel oil and gasoline blend stock to key political ally Cuba. Another Iran-flagged tanker in Venezuela, the Huge, is also expected to navigate back carrying fuel oil for NICO this month as part of an oil swap with PDVSA, according to the documents.

☆ From Elon Musk to Drake, Celebrity Nightstand Photos Are Causing a Stir
▼ + stars: | 2022-12-01 | by ( Lane Florsheim | ) www.wsj.com time to read: 1 min

After Elon Musk shared a photo of his bedside table on Twitter, online observers had many questions about the cans of caffeine-free Diet Coke atop it. Twitter and Tesla chief executive Elon Musk stoked plenty of armchair analysis in that vein on Monday, when he tweeted a picture of his bedside table’s contents. Why, some wondered on Twitter, did Mr. Musk have four open cans of caffeine-free Diet Coke next to his pillow? (Observers said they looked like non-firing replicas—one of Washington’s own, the other from the videogame “Deus Ex: Human Revolution”—though Mr. Musk has not corroborated their observations.) The internet was quick to quip about the chaotic display and the “divorced energy” the items evoked.

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