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☆ Heinz offered the fisherman who survived 24 days at sea a new boat with GPS, but he didn't get enough money to buy one with a navigation system
▼ + stars: | 2023-04-28 | by ( Jyoti Mann | ) www.businessinsider.com time to read: +3 min

Heinz appealed to the internet to find a fisherman who survived 24 days at sea on ketchup. Heinz said the "ketchup boat guy" preferred cash so he could get a new boat more quickly. The company offered to give fisherman Elvis Francois a new boat complete with a navigation system after learning he'd survived 24 days lost at sea on just ketchup and seasonings. Francois told Insider he could only afford to buy a small used boat and engines as the money Heinz gave him "wasn't enough" for a sailboat. He spent EC$18,000 on a small boat and EC$20,000 on two motors.

☆ Meek Mill: Rapper vows to 'spread the word' against antisemitism after Auschwitz visit
▼ + stars: | 2023-04-23 | by ( Dana Bash | ) edition.cnn.com time to read: +4 min

One of the most famous marchers was Meek Mill, a 35-year-old African American rapper from Philadelphia without any prior connection to the atrocities that happened there. But at a time of rising antisemitism in the US, his presence spoke volumes, and that was the point. Mill is a friend of New England Patriots owner and philanthropist Robert Kraft, whose Foundation to Combat Antisemitism is in the midst of a $25 million national campaign, #StandUpToJewishHate. When Meek was incarcerated, Kraft visited him in prison, and the two stayed in touch and have remained friends. “But I think it’s also important for me to support Robert, all my Jewish friends, everyone that always supported me.

☆ How to watch the Chevron Championship live: Start time, channel and other things to know
▼ + stars: | 2023-04-20 | by ( Jack Bantock | ) edition.cnn.com time to read: +6 min

CNN —Once again, the first women’s golf major of the season tees off with The Chevron Championship. How to watchUS viewers can watch the first and second rounds on the Golf Channel, with coverage running from 10 a.m. CST until 7 p.m. CST. “I think I was in a bit of a panic last year,” Kupcho told reporters Tuesday. But I don’t think that’s going to be my driving force going to any of these events this year.”Ko tees off at the HSBC Women's World Championship in March. “I don’t think I have a weakness in my game at all, and I think that’s partially why I’ve been very consistent,” Hall told reporters.

Deutsche Bank says Disney 's strong film slate makes it a good time for investors to revisit the stock. The bank reiterated its buy rating on Disney shares. Analyst Bryan Kraft raised his price target to $135 from $130 — implying shares could rally 34.6% — as the bank raises its short- and long-term earnings estimates for Disney. The analyst set his price target for the next 12 months, while many of his other growth projections in the note are based on Disney's fiscal year. DIS YTD mountain Disney stock Shares of Disney are up 16% in 2023 but down more than 20% in the past 12 months.

☆ Swiss government awards $9.7 mln contract related to Credit Suisse - UBS merger
▼ + stars: | 2023-04-17 | by ( Oliver Hirt | ) www.reuters.com time to read: +2 min

[1/2] The logo of Credit Suisse is pictured in front of the Swiss Parliament Building, in Bern, Switzerland, March 19, 2023. REUTERS/Denis Balibouse/File PhotoZURICH, April 17 (Reuters) - The Swiss government has awarded an advisory mandate worth up to 8.7 million Swiss francs ($9.70 million) to Alvarez & Marsal Switzerland, linked to the rescue of Credit Suisse (CSGN.S), according to state procurement platform Simap.ch on Monday. Swiss authorities last month engineered a takeover of struggling Credit Suisse by rival UBS (UBSG.S) that included over 200 billion francs in financial guarantees. The Ministry of Finance will pay up to CHF 10.3 million for this service. ($1 = 0.8965 Swiss francs)Writing by Noele Illien; Editing by Sharon SingletonOur Standards: The Thomson Reuters Trust Principles.

☆ Here are Friday's biggest analyst calls: Amazon, VF Corp, Deere, Netflix, Rivian, Nvidia & more
▼ + stars: | 2023-04-14 | by ( Michael Bloom | ) www.cnbc.com time to read: +7 min

Here are Friday's biggest calls on Wall Street: Bank of America reiterates Amazon as buy Bank of America said it's standing by its buy rating on the stock. "Our Buy rating is based on: 1) positive feedback from our proprietary Sleep survey that points to healthy underlying US volumes, 2) lingering pent-up demand due to US staffing shortages." William Blair reiterates Charles Schwab as outperform William Blair said it's standing by its outperform rating on the stock heading into earnings next week. Barclays reiterates Disney as equal weight Barclays said it sees slowing streaming growth heading into Disney earnings in early May. " Stifel reiterates Microsoft as buy Stifel said it's standing by its buy rating on Microsoft heading into earnings later this month.

☆ Behold the stuffed crust bagel
▼ + stars: | 2023-04-13 | by ( Danielle Wiener-Bronner | ) edition.cnn.com time to read: +3 min

Now, Philadelphia cream cheese and H&H Bagels, a New York City-based bagel shop, are trying to please the carbohydrate- and dairy-loving communities with a new and dubious spin on the stuffed crust: The bagel stuffed with cream cheese. But unlike stuffed-crust pizzas, the bagel is filled with cheese after it is baked, making it more of a cream cheese bagel donut, if not in spirit then at least in form. What’s so wrong with slicing a bagel and slathering on a healthy amount of cream cheese? New York doesn’t have a specific bagel tax, explained Ryan Cleveland, a representative of the New York State Department of Taxation and Finance. Philadelphia cream cheese, which struggled with shortages in the past, turned that issue into a marketing opportunity as well.

☆ Walmart is cheaper than Dollar General for groceries
▼ + stars: | 2023-04-09 | by ( Alex Bitter | ) www.businessinsider.com time to read: +4 min

Dollar General has hiked food prices more than Walmart and Kroger, Bank of America analysts found. The study documented prices on a range of grocery items in February at retailers in Dallas, including Walmart, Kroger, Target, Dollar General, and Aldi, among others. At Dollar General, prices rose 36%, the steepest increase of all the retailers, Bank of America analysts Robert Ohmes and Kendall Toscano wrote. A comparable selection at Target totaled $194.15, while the cost at Dollar General was $201.14. Do you work or shop at a Dollar General and have a story to share?

☆ These S&P 500 stocks crushed it in the first quarter. Here's where analysts see them going
▼ + stars: | 2023-04-02 | by ( Fred Imbert | ) www.cnbc.com time to read: +4 min

The S & P 500 just wrapped up a wild first quarter with surprisingly strong results. The tech and communication services sectors powered the S & P 500 higher, rising more than 20% each. Here are the 10 best S & P 500 stocks for the first quarter, and where analysts see them going based on the implied upside (or downside) to their average price targets. Nvidia led the way higher among S & P 500 stocks, surging 90.1%. As for Catalent, analysts see the stock rallying 24.5% after surging 46% in the first quarter.

☆ Kraft Heinz agrees to sell Russian baby food business
▼ + stars: | 2023-03-31 | by ( ) www.reuters.com time to read: +2 min

MOSCOW, March 31 (Reuters) - Kraft Heinz (KHC.O) has agreed to sell its baby food business in Russia to local drinks and snacks maker Chernogolovka, the U.S. food giant said on Friday, as domestic firms continue to capitalise on the departure of Western brands. According to Chernogolovka, the deal will include two factories and the "Umnitsa" and "Sami s usami" brands. "We anticipate closing the deal in the second half of 2023 (Q3) and will continue working with Chernogolovka post-completion, to ensure a smooth integration," a Kraft Heinz spokesperson told Reuters. Neither Kraft Heinz nor Chernogolovka disclosed the price or mentioned any buyback clause. Russia's Kommersant newspaper reported on Thursday, citing sources, that Kraft Heinz estimates the deal's value at between 2.5 and 3 billion roubles ($32.4 to $38.9 million) but the government is yet to approve the valuation.

☆ Wrong to push players into being activists, says Subban
▼ + stars: | 2023-03-31 | by ( Steve Keating | ) www.reuters.com time to read: +3 min

"We cannot push everyone to be an activist, we need to be very careful," Canadian Subban told Reuters. "I'm not saying it is right or wrong to wear the (Pride)jersey, we have just got to be very careful how we push players to do things. Instead the blame lies with the media, says Subban, for only telling half the story. "The people that write the articles, the people that push certain narratives in the media they have to be held accountable," he added. "There's many players in the league that have started programs - why aren't the media talking about that.

☆ Walmart is cheaper than Dollar General for groceries, as the dollar chain hikes prices faster than its rivals
▼ + stars: | 2023-03-31 | by ( Alex Bitter | ) www.businessinsider.com time to read: +4 min

Dollar General has hiked food prices more than Walmart and Kroger, Bank of America analysts found. At Dollar General, prices rose 36%, the steepest increase of all the retailers, Bank of America analysts Robert Ohmes and Kendall Toscano wrote. At Family Dollar, another chain of dollar stores, it was $203.67." Consumers have also turned to Dollar Stores, given their reputation for inexpensive stuff, CNBC reported in February. Do you work or shop at a Dollar General and have a story to share?

☆ Inside a shake-up at the world's 'most feared law firm'
▼ + stars: | 2023-03-30 | by ( Casey Sullivan | ) www.businessinsider.com time to read: +30 min

It's been a tumultuous period for Quinn and the storied law firm he built over the past 37 years — now the world's largest litigation firm with hourly rates that can be north of $2,000. But behind the scenes, a shift at QE has been the talk of elite law firm circles. Indeed, the firm – known as a singular, even freewheeling, institution that brands itself as the "#1 Most Feared Law Firm in the World" — may appear to be less in the image of its founder as a generational shift brings changes. "We all thought it was important that the world understands this is not a one generation law firm." One former firm partner in California says he believes Quinn's inner circle generally got better deals.

☆ Another cultish cost-saving formula gets off-track
▼ + stars: | 2023-03-29 | by ( Jeffrey Goldfarb | ) www.reuters.com time to read: +9 min

Despite its multiple interpretations and approaches, success is widely gauged by a railway’s operating ratio, a simple measure of how much it spends to make a buck. Union Pacific’s peers improved similarly, indicative of the antiquated ways the industry had been deploying resources. Union Pacific also found itself unable to bring back enough furloughed workers in areas where they were most needed. “In a significant departure from the railroad industry's recent past, we deliberately moved away from a singular focus on operating ratio,” he told lawmakers. “If we wanted to drive [operating ratio] lower over time, we could,” the board wrote in a letter to shareholders in late 2021.

☆ Johnnie Walker maker Diageo appoints Debra Crew CEO
▼ + stars: | 2023-03-28 | by ( Hanna Ziady | ) edition.cnn.com time to read: +2 min

London CNN —One of the world’s largest alcoholic drinks companies has appointed its first female CEO. Diageo, which makes Guinness beer and Johnnie Walker whisky, said Tuesday that chief operating officer Debra Crew would succeed Ivan Menezes, who will retire from the company after 10 years at the helm. Diageo is the seventh-largest member of the FTSE 100 (UKX) index and will now become the largest UK-listed company led by a woman. There are just nine other FTSE 100 (UKX) companies led by women, including pharmaceutical company GlaxoSmithKline (GLAXF) and bank NatWest. Diageo is the world’s fourth biggest alcoholic drinks company by market value, after AB InBev (BUD) and China’s Wuliangye Yibin and Kweichow Moutai.

☆ Billionaire Robert Kraft Takes On the Fight Against Antisemitism
▼ + stars: | 2023-03-27 | by ( Alyssa Lukpat | ) www.wsj.com time to read: 1 min

Robert Kraft’s campaign comes as the number of reported antisemitic incidents in the U.S. rose last year to a record high. New England Patriots owner Robert Kraft wants to make more Americans aware that antisemitism has become increasingly widespread in the U.S. in recent years. One of his organizations, the Foundation to Combat Antisemitism, funded a $25 million campaign launching Monday to denounce antisemitism. The campaign—“Stand Up to Jewish Hate”—will feature ads on social media and on network broadcasts.

☆ Brooklyn Nets owner Clara Wu Tsai on hosting a job fair at Barclays Center to benefit those impacted by the criminal justice system
▼ + stars: | 2023-03-18 | by ( John Lynch | ) www.businessinsider.com time to read: +9 min

Clara Wu Tsai spoke to Insider about hosting a coming job fair with the Reform Alliance at Brooklyn's Barclays Center. Wu Tsai discussed the making of the event and its aim to aid individuals impacted by the criminal justice system. The Reform Brooklyn Job Fair will take place on Monday from 10 a.m. to 4 p.m. More than 4,400 job seekers have registered to attend the job fair, which will take place at the Barclays Center concourse on Monday from 10 a.m. to 4 p.m. Registration for the Brooklyn Job Fair is still open to the public.

☆ Kellogg is giving its Pringles and Cheez-It business a new name with classical Latin twist. It's the latest company name to incorporate the 'dead' language.
▼ + stars: | 2023-03-15 | by ( Alex Bitter | ) www.businessinsider.com time to read: +4 min

Kellogg is renaming its snack business "Kellanova" — a combo of Kellogg and a Latin word for "new." Kellogg is naming its snacking division "Kellanova," the latest step in breaking up the company, it said on Wednesday. The name draws inspiration from the Kellogg name and a common Latin word, Kellogg CEO Steve Cahillane said in a statement. Etsy and Mondelez are among other companies with Latin namesKellanova is hardly the first company rebrand to draw inspiration from Latin. Before that, cigarette maker Philip Morris said it would change its name to "Altria" in an allusion to the Latin word for "high," the Journal reported in 2001.

☆ Lunchables are going to be rolled out directly to students. Here’s what’s in them
▼ + stars: | 2023-03-13 | by ( Parija Kavilanz | ) edition.cnn.com time to read: +7 min

New CNN —Kraft Heinz has succeeded in getting its ready-to-eat packaged Lunchables into school lunch programs starting this fall, in a major new initiative. The USDA referred CNNBusiness to Kraft Heinz for further details about the cost and nutritional content of its Lunchables for schools. Kraft Heinz declined to provide additional details about the cost and other nutritional content, including sodium and saturated fat content. School food nutrition guidelines getting stricterKraft-Heinz says that Lunchables will minimize school "labor needs and costs" in its promotional materials. “As school nutrition guidelines get increasingly complex, we’ve seen companies leaving the K-12 segment, said Pratt-Heavner.

☆ Tech staffing unicorn Andela is buying a smaller industry peer, as startups are looking to combine amid a tough funding market
▼ + stars: | 2023-03-09 | by ( April Joyner | ) www.businessinsider.com time to read: +4 min

Remote tech-talent startup Andela is acquiring the engineering assessment platform Qualified. Companies outside of tech are still hungry for engineering talent, Andela CEO Jeremy Johnson said. Founded in 2014 with an initial focus on training and hiring African engineers, Andela now connects companies with remote technical workers in 170 countries worldwide. At first glance, the deal seems to counter prevailing trends in the tech industry: Startups are widely seeking to preserve cash as venture capital funding has slowed down, and tech companies of all sizes have undergone significant layoffs. "They've all realized they have to become tech companies," he said.

☆ Here are Goldman’s top stock picks to play a rising interest rate world
▼ + stars: | 2023-03-09 | by ( Yun Li | ) www.cnbc.com time to read: +1 min

Equity duration is the time until the company's cash flows are received, weighted by their present values. Goldman defines its equity duration estimates as a weighted-average distribution of cash flows. However, short-duration stocks are the ones with strong earnings today, but no promise of earnings growth down the road. These short-duration names may provide a hedge against rising rates. The median implied equity duration for stocks in the basket is 18.3 years versus 22.2 years for the Russell 1000.

☆ Miami's popular Republican Mayor Suarez weighs GOP challenge to Trump for White House in 2024
▼ + stars: | 2023-03-08 | by ( Brian Schwartz | ) www.cnbc.com time to read: +5 min

Miami's popular Republican Mayor Francis Suarez has been privately holding court with wealthy political financiers as he considers challenging former President Donald Trump for the GOP nomination in 2024, according to party fundraisers and donors familiar with the matter. Since late last year, Suarez has been privately laying the groundwork for a possible run for the White House. If Suarez enters the presidential primary, he follows another popular mayor who made a longshot run for the White House. The apparent feud between DeSantis and Suarez could come to a head if both run for president in 2024. The Miami mayor will be back in New York in April holding similar meetings, the fundraisers said.

☆ These elite dividend payers have yields that can compete with bonds
▼ + stars: | 2023-03-06 | by ( Hakyung Kim | ) www.cnbc.com time to read: +2 min

Bonds have become more attractive as Treasury yields approach their highest levels in a decade — but certain top dividend-paying stocks also provide competitive payoffs to investors. Take a look at some of the stocks that can compete with bond yields, and where analysts expect them going forward. Eggs producer and distributor Cal-Maine Foods has the highest dividend yield of 9.5% on the list. Kraft Heinz offers investors a dividend yield of 4.1%, and the company has a debt-to-equity ratio of 42.7%. Several energy names also made it on the elite dividends list, such as CONSOL Energy , Coterra Energy , Kinder Morgan and Devon Energy.

☆ Nestle, Tyson and other food giants bet on air fryer boom to grow sales
▼ + stars: | 2023-03-05 | by ( Amelia Lucas | ) www.cnbc.com time to read: +4 min

An Air Fryer for sale at Kroger Marketplace in Versailles, Kentucky, U.S., on Tuesday, Nov. 24, 2020. Adam Graves, president of Nestle U.S.'s pizza and snacking division, said the company is leaning into the air fryer boom through its frozen food brands, specifically to offer customers more value. Other Nestle products, like Hot Pockets, now include air fryer cooking instructions alongside directions for heating up in the microwave and oven. Tyson is also a third of the way through adding air fryer directions to its packaging for its frozen prepared foods. The air fryer directions are boosting Tyson's brand favorability, according to Hall, who cited recent brand health data.

In a room full of executives in the sports or gambling industries, she's often one of very few women. But Howe has the spotlight, and a megaphone, as the chief executive of the nation's market leader in sports betting. But in many conversations — off the stage and behind the scenes — it's clear Howe stands as a role model to other women in sports and gambling. "We're working to make sure that we're not just hiring [women], but we're finding them, we're training them, we're providing opportunities for women. Jessica Gelman, who co-founded the MIT Sloan conference, is the CEO of Kraft Analytics Group, a company that provides sports analytics to teams like the New England Patriots.

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