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☆ Record chicken prices squeeze US shoppers, benefit Tyson Foods
▼ + stars: | 2023-10-05 | by ( Tom Polansek | ) www.reuters.com time to read: +5 min

Higher chicken prices should improve earnings at top producers Tyson (TSN.N) and Pilgrim's Pride (PPC.O), but will pinch consumers' pockets as they try to save money by turning away from higher-end proteins. Arkansas-based Tyson, which sells all three types of meat, had to deal with a glut of chicken after earning massive profits when meat prices soared during the COVID-19 pandemic. The U.S. government last month trimmed its estimate for 2023 chicken production from August due in part to expectations for lower chick placements. "We've seen some recovery in chicken prices and we've seen some consumer prices start to level off," Tyson CFO John R. Tyson told investors last month. Further increases in chicken prices could threaten demand, said Adam Speck, senior commodity analyst for Gro Intelligence.

Persons: Lucas Jackson, Tyson, Bob Brown, Brown, Donnie King, Arun Sundaram, Sundaram, We've, John R, Adam Speck, Bill Densmore, Tom Polansek, Caroline Stauffer, David Gregorio Our Organizations: New York U.S, REUTERS, Rights, Tyson Foods, U.S . Department of Agriculture, Rabobank, Producers, CFRA Research, Gro Intelligence, Fitch, Thomson Locations: Brooklyn, New, Arkansas, U.S, freezers ., Wilkesboro , North Carolina, Great

☆ Sen. Bob Menendez's wife Nadine Arslanian's fatal crash in Bogota, New Jersey, seen in newly-released video
▼ + stars: | 2023-10-04 | by ( Erin Snodgrass | Sebastian Cahill | ) www.businessinsider.com time to read: +3 min

Footage obtained by News 12 New Jersey shows the fatal crash involving Nadine Arslanian and a pedestrian. Arslanian, who is now married to Sen. Bob Menendez of New Jersey, was not charged in the incident. AdvertisementAdvertisementNewly released footage shows the moment Sen. Bob Menendez's now-wife Nadine Arslanian fatally hit a pedestrian in her Mercedes-Benz on a New Jersey street in December 2018. JUST IN: News 12 New Jersey has obtained security video from a 2018 incident where Sen. Menendez's wife Nadine Arslanian struck and killed a pedestrian. The security footage shows a car barreling into a person who appears to be standing in the street.

Persons: Nadine Arslanian, Sen, Bob Menendez, —, Bob Menendez's, Menendez's, VoyQH7weel, Arslanian, Menendez, Richard Koop Organizations: Bob Menendez of New, Service, Mercedes, Benz, New, Bogota Police Department, Prosecutors Locations: Jersey, Bob Menendez of, Bob Menendez of New Jersey, New Jersey, Bogota, Bergen County , New Jersey

☆ New York's floods weren't a one-off — here's how the city is preparing for the future
▼ + stars: | 2023-10-04 | by ( Rebecca Picciotto | ) www.cnbc.com time to read: +4 min

The same idea could be applied to create cloudburst gardens. Source: New York City Department of Environmental ProtectionNew York City environmental agencies are also working on installing rain gardens. Roughly 12,000 rain gardens have already been installed in New York City sidewalks, according to Aggarwala. Rain gardens line a sidewalk in Queens, NY. Source: NYC WaterAlong with extreme rainstorms, the climate chief is equally or more concerned about the threat of extreme heat, which causes more fatalities in the city rainfall.

Persons: Fatih Aktas, Rohit Aggarwala, today's, Winters, Hurricane Henri, Hurricane Ida, Nelson Vaz, Marc Wouters, Eric Adams, Aggarwala, Kathy Hochul Organizations: Anadolu Agency, Getty, New, York, CNBC, Hurricane, National Weather Service, Bronx and, New York City Department of Environmental Locations: Williamsburg , New York, United States, New York, York City, York, Miami, Jamaica, Queens , NY, Queens, Bronx, Bronx and Brooklyn, New York City, Staten Island, Staten, New, Yorker

VENICE (AP) — Firefighters worked until dawn Wednesday to remove the wreckage of a bus that crashed in a borough of Venice, Italy, across the lagoon from its historic center, killing 21 people and injuring at least 15, mostly foreign tourists returning to a nearby camping site. The shuttle was connecting Piazzale Roma, in Venice's historic center, to the Hu campground in Marghera, another borough of Venice neighbouring Mestre. He was an experienced driver, Venice city councilor Renato Boraso said. I carried a woman out on my shoulders, then a man,” Erheneden told the Venice daily il Gazzettino. In 2017, 16 people on a bus carrying Hungarian students died in an accident near the northern city of Verona.

Persons: — Firefighters, Michele Di Bari, Alberto Rizzotto, Renato Boraso, Erheneden, ” Erheneden, “, ’, Luigi Brugnaro Organizations: VENICE, —, Venice prefecture, Piazzale Roma, Venice Locations: Venice, Italy, Piazzale, Venice's, Marghera, Mestre, Italian, Verona, Avellino

☆ Russian court rejects Apple appeal against abuse of dominant market position - RIA
▼ + stars: | 2023-10-03 | by ( ) www.reuters.com time to read: +1 min

An Apple logo hangs above the entrance to the Apple store on 5th Avenue in the Manhattan borough of New York City, July 21, 2015. REUTERS/Mike Segar/File Photo Acquire Licensing RightsCompaniesLaw Firms Apple Inc FollowOct 3 (Reuters) - A Russian court rejected Apple's (AAPL.O) appeal against the alleged abuse of its dominant market position in terms of in-app payments, for which it was fined 1.2 billion roubles ($12.1 million) in January, the RIA news agency reported on Tuesday. Russia's federal anti-monopoly service (FAS) fined Apple in January over what it said was the U.S. company's abuse of its dominant market position. In a statement, the regulator said it had previously found that Apple forced Russian developers to use Apple's payment services with the iOS App Store, in violation of Russia's competition rules. The FAS's decision entered legal force in May after it was approved by a Moscow court, RIA reported.

Persons: Mike Segar, Apple's, Apple, Mark Trevelyan Organizations: Apple, REUTERS, FAS, Reuters, Thomson Locations: Manhattan, New York City, federal, U.S, Russian, Moscow

☆ Bus crash near Italian city of Venice kills at least 21 people, including Ukrainian tourists
▼ + stars: | 2023-10-03 | by ( ) www.cnbc.com time to read: +1 min

Firefighters work on the site of a bus accident on October 3, 2023 in Mestre, near Venice. A bus carrying foreign tourists including Ukrainians crashed near the Italian city of Venice when it fell from an elevated street Tuesday, killing at least 21 people and injuring 18 others, authorities said. Four of the injured were in serious condition following the accident in the Mestre borough, on the mainland opposite the historic old city of Venice, said Renato Boraso, a Venice city official. Boraso confirmed that some of the victims are Ukrainians, and said the bus was bringing tourists to a camping site. According to local media, the bus fell a few meters before crashing close to Mestre's railway tracks, where it caught fire.

Persons: Renato Boraso, Michele Di Bari, Boraso, Luigi Brugnaro, Giorgia Meloni Organizations: Venice Locations: Mestre, Venice

☆ Discover Financial jumps 7% after agreeing with FDIC to improve consumer compliance
▼ + stars: | 2023-10-02 | by ( ) www.reuters.com time to read: +1 min

The Wall Street sign is pictured at the New York Stock exchange (NYSE) in the Manhattan borough of New York City, New York, U.S., March 9, 2020. REUTERS/Carlo Allegri/File Photo Acquire Licensing RightsCompanies Discover Financial Services FollowOct 2 (Reuters) - Shares of Discover Financial Services (DFS.N) climbed 7% on Monday after the bank agreed to improve its consumer compliance and related corporate governance as part of a consent order with the Federal Deposit Insurance Corp (FDIC). The stock was the top percentage gainer on the benchmark S&P 500 (.SPX) in early trading, outperforming both the broader markets and the financial sector. In late July, Discover revealed it had received a proposed consent order from the FDIC in connection with consumer compliance. At the time, the bank's shares tanked after it also disclosed a regulatory review over some incorrectly classified credit card accounts from around mid-2007 unrelated to the FDIC consent order.

Persons: Carlo Allegri, Manya Saini, Sriraj Organizations: New York Stock, REUTERS, Discover Financial, Discover Financial Services, Federal Deposit Insurance Corp, Discover Bank, U.S . Securities, Exchange Commission, Thomson Locations: Manhattan, New York City , New York, U.S, Bengaluru

☆ NYC and its suburbs won't build new housing, so New Yorkers are flooding into Jersey City and driving up prices
▼ + stars: | 2023-09-30 | by ( Eliza Relman | Noah Sheidlower | ) www.businessinsider.com time to read: +9 min

But prices are shooting up in Jersey City as its neighbors refuse to build. AdvertisementAdvertisementNew Yorkers have been taking notice of Jersey City real estate for years, and its popularity as an alternative to the ever-less-affordable housing market in the city is growing. Between 2010 and 2018, Hudson County, which includes Jersey City, built housing at more than twice the rate that New York City did. New housing in Jersey City is overwhelmingly market rate rather than being explicitly built as affordable housing for lower- and middle-income residents. "The issues facing Jersey City tenants are multifaceted, but the primary concern is to guarantee housing stability."

Persons: —, Steven Fulop, Alex Armlovich, Armlovich, Noah Sheidlower, Amy Klein, Klein, Isaac Jiménez, It's, Goldman Sachs, Abdul Rehman Khan, Jiménez, Fulop, That's, Rich Boggiano, Khan Organizations: Apple, Service, Jersey, Jersey City, New, Niskanen, realtors, Big Apple, Research, Jersey City . Financial, Seton Hall Law's Center for Social Justice Locations: Jersey City, The North Jersey, Jersey, Hudson County, York City, New York, North New Jersey, Newark, Elizabeth, Manhattan, Brooklyn, New York City, Hudson, New York City , Westchester, Long, New Jersey

☆ Flash floods foreshadow a threatening reality in New York City
▼ + stars: | 2023-09-30 | by ( Denise Chow | Evan Bush | ) www.cnbc.com time to read: +8 min

Cars drive along a flooded street on Church Avenue amid a coastal storm on September 29, 2023 in the Flatbush neighborhood of Brooklyn borough New York City. And more than a decade after Hurricane Sandy forced officials to rethink the meaning of climate resilience in New York City, it appears there's still much to be done. Kathy Hochul declared a state of emergency for New York City, Long Island and the Hudson Valley, calling the storm a "life-threatening rainfall event." The storm caused about $19 billion in damage to New York City. In densely populated cities like New York, flooding risks are heightened because of the built environment and lack of green spaces.

Persons: Michael M, Hurricane Ida, Hurricane Sandy, Joseph Kane, Steve Bowen, Gallagher, Bowen, Kathy Hochul, Eric Adams, Spencer Platt, Zachary Iscol, Sandy, Superstorm Sandy, Louise Yeung, Yeung, Hurricane Sandy —, Ida, Mona Hemmati, Hemmati, Andrew Kelly Organizations: Brooklyn borough New, Santiago, Getty, Hurricane, Brookings Institute, NBC News, Gallagher Re, . New York Gov, York City, Prospect, Columbia Climate School, New York City Department of Environmental Locations: Flatbush, Brooklyn borough, Brooklyn borough New York City, New York City, Brooklyn, New York, New York , New Jersey, Connecticut, Long, Hudson, York, Brooklyn Borough, Zachary Iscol , New York, Hurricane, Atlantic City, New Jersey, Manhattan, Williamsburg, U.S

The Wall Street sign is pictured at the New York Stock exchange (NYSE) in the Manhattan borough of New York City, New York, U.S., March 9, 2020. Seven megacap stocks -- Apple (AAPL.O), Microsoft (MSFT.O), Alphabet (GOOGL.O), Amazon (AMZN.O), Nvidia (NVDA.O), Tesla (TSLA.O) and Meta Platforms (META.O) -- have led broader markets higher this year. Their rising stock prices ballooned valuations, however, and some investors say the megacaps could be vulnerable if climbing bond yields keep pressuring stocks. "When the big tech stocks start going down ... the indexes go down," said Matt Maley, chief market strategist at Miller Tabak. Still, strategists point out that the rise in implied volatility for tech stocks is no more than for the broader market.

Persons: Carlo Allegri, megacaps, LSEG, Matt Maley, Miller, ”, Matt Stucky, Chris Murphy, Rick Meckler, J, Bryant Evans, ” Evans, Lewis Krauskopf, Saqib Iqbal Ahmed, Ira Iosebashvili, David Gregorio Our Organizations: New York Stock, REUTERS, Microsoft, Nvidia, Apple, Federal Reserve, Northwestern Mutual Wealth Management, Nasdaq, Susquehanna Financial Group, Amazon, Cherry Lane Investments, Cozad Asset Management, Thomson Locations: Manhattan, New York City , New York, U.S, New Jersey

☆ US labor board says Amazon breached terms of 2021 labor rights settlement
▼ + stars: | 2023-09-29 | by ( ) www.reuters.com time to read: +1 min

Security personnel are seen as Amazon workers gather outside Amazon’s LDJ5 sortation center, as employees begin voting to unionize a second warehouse in the Staten Island borough of New York City, U.S. April 25, 2022. REUTERS/Brendan McDermid/File photo Acquire Licensing RightsCompanies Amazon.com Inc FollowSept 29 (Reuters) - Amazon.com (AMZN.O) was accused by officials of violating the terms of a U.S. labor board settlement, breaching a 2021 agreement which required the online retailer to let workers unionize. Last year, workers at an Amazon warehouse in New York City voted to form the first union at the company. "We've fully complied with the settlement agreement, which we voluntarily entered into in December 2021. Separately, the Teamsters union on Friday picketed outside two Amazon warehouses in Los Angeles.

Persons: unionize, Brendan McDermid, We've, Samrhitha, Shounak Dasgupta Organizations: REUTERS, National Labor Relations, Amazon, Teamsters, Thomson Locations: Staten Island, New York City, U.S, New York, Los Angeles, Bengaluru

[1/7] An abandoned vehicle sits in floodwaters during a heavy rain storm in the New York City suburb of Mamaroneck in Westchester County, New York, U.S., September 29, 2023. The extreme rainfall prompted New York Governor Kathy to declare a state of emergency for New York City, Long Island, and the Hudson Valley. Systems producing intense rainfalls have become more commonplace in many parts of the United States, including the New York City area, in recent years. That storm soaked New York City and caused widespread power outages in North Carolina, Virginia, Pennsylvania and New Jersey. In New York, intermittent rain this week further saturated the ground, setting up conditions conducive to flash flooding.

Persons: Mike Segar, John F, Zack Taylor, Taylor, Kathy, Carlos Ogando, Ophelia, Jonathan Allen, Brendan O'Brien, Rich McKay, Frank McGurty, Jonathan Oatis Organizations: New, REUTERS, Kennedy International Airport, National Weather Service, Center, Metro North, Metropolitan Transportation Agency, Systems, Thomson Locations: New York City, Mamaroneck, Westchester County , New York, U.S, Brooklyn, Manhattan, Queens, College Park , Maryland, Long, Hudson, United States, New York, East, Bronxville, New York's Westchester County, Hoboken, New Jersey, North Carolina , Virginia, Pennsylvania, In New York, Chicago, Atlanta

☆ State of emergency issued for NYC area as heavy rain, flooding expected to last hours
▼ + stars: | 2023-09-29 | by ( Maria Larosa | Janice Huff | ) www.cnbc.com time to read: +8 min

Forecasts are reinforcing the potential for heavy rain centered around the NYC area from Friday into Saturday morning. Parts of New York City have already seen five inches of rain as of 11 a.m. People walk under umbrellas amid heavy rain on September 29, 2023 in the Flatbush neighborhood of Brooklyn borough New York City. Bouts of heavy rain made morning commute nightmarish and conditions only continued to worsen; it will be even more widespread throughout the afternoon and evening. Cars drive through slight flooding on Ocean Avenue amid heavy rain on September 29, 2023 in the Flatbush neighborhood of Brooklyn borough New York City.

Persons: Andrew Kelly, Michael M, Kathy Hochul, Hochul, Ophelia, Taylor, Janno Lieber, Lieber, it's, Spencer Platt, It's, Zach Iscol, Phil Murphy, Murphy, Ravi Bhalla, Bhalla Organizations: NYPD, Reuters, LaGuardia, Brooklyn borough New, Santiago, Getty, New York Gov, Yorkers, NBC, Sunday's Chiefs, Jets, New, NOAA MTA, MTA, Prospect, The New, The New York City Emergency Management Department, Emergency, Getty Images New, Getty Images New Jersey Gov, Schools, New York Public Schools, Mets, Phillies, Citi Field Locations: Manhattan, Williamsburg, New York City, U.S, NYC, New Jersey, Hudson, Connecticut, Flatbush, Brooklyn borough, Brooklyn borough New York City, Long, NBC New York, Ocean, Monmouth, Jersey Shore, Brooklyn, Brooklyn Borough, The New York City, Getty Images New Jersey, Hoboken

☆ New York remains top financial centre, London clings to second place - survey
▼ + stars: | 2023-09-28 | by ( ) www.reuters.com time to read: +1 min

[1/2] The Wall Street sign is pictured at the New York Stock exchange (NYSE) in the Manhattan borough of New York City, New York, U.S., March 9, 2020. REUTERS/Carlo Allegri/File Photo Acquire Licensing RightsLONDON, Sept 28 (Reuters) - New York has easily remained the world's top financial centre with London still second and gaining some ground, but also facing a tougher fight with Singapore and Hong Kong, the Global Financial Centres index showed on Thursday. Singapore, however, is now only 2 points behind London at 742, itself only a point ahead of Hong Kong in fourth place, signalling an intensifying battle for the second spot. The index is compiled every six months by London-based think tank Z/Yen and the China Development Institute. Reporting by Huw Jones Editing by Mark PotterOur Standards: The Thomson Reuters Trust Principles.

Persons: Carlo Allegri, London, Huw Jones, Mark Potter Organizations: New York Stock, REUTERS, Global, ., World Bank, OECD, United Nations, Arm Holdings, London, China Development Institute, New, Thomson Locations: Manhattan, New York City , New York, U.S, New York, London, Singapore, Hong Kong, . New York, San Francisco

☆ Who’s Gaining Ground in Ukraine? This Year, No One.
▼ + stars: | 2023-09-28 | by ( Josh Holder | ) www.nytimes.com time to read: +10 min

Frontline on Jan. 1, 2023 Kyiv UKRAINE KHARKIV Dnipro River LUHANSK HELD BY RUSSIA DONETSK Zaporizhzhia KHERSON CRIMEA UKRAINE KHARKIV Dnipro River LUHANSK HELD BY RUSSIA DONETSK Zaporizhzhia KHERSON CRIMEA UKRAINE KHARKIV Dnipro River LUHANSK HELD BY RUSSIA DONETSK Zaporizhzhia KHERSON CRIMEA Kyiv UKRAINE KHARKIV Dnipro River LUHANSK Bakhmut DONETSK Zaporizhzhia KHERSON CRIMEA UKRAINE KHARKIV Dnipro River LUHANSK Bakhmut DONETSK Zaporizhzhia KHERSON CRIMEA UKRAINE KHARKIV Dnipro River LUHANSK Bakhmut DONETSK Zaporizhzhia KHERSON CRIMEA Kyiv UKRAINE KHARKIV Dnipro River LUHANSK Robotyne DONETSK Zaporizhzhia KHERSON CRIMEA UKRAINE KHARKIV Dnipro River LUHANSK Robotyne DONETSK Zaporizhzhia KHERSON CRIMEA UKRAINE KHARKIV Dnipro River LUHANSK Robotyne DONETSK Zaporizhzhia KHERSON CRIMEA Kyiv UKRAINE KHARKIV Dnipro River LUHANSK DONETSK Zaporizhzhia KHERSON CRIMEA UKRAINE KHARKIV Dnipro River LUHANSK DONETSK Zaporizhzhia KHERSON CRIMEA UKRAINE KHARKIV Dnipro River LUHANSK DONETSK Zaporizhzhia KHERSON CRIMEA The front line in Ukraine changed little last winter. Amount of territory Russia gained 20,000 square miles 10,000 Russia’s winter offensive captured about 100 square miles per month. Amount of territory Ukraine gained Amount of territory Russia gained 10,000 0 10,000 20,000 sq. miles Amount of territory Ukraine gained Amount of territory Russia gained 10,000 sq. Since Jan. 1, Ukraine gained: 143 square miles Russia gained: 331 square miles Net gain: 188 square miles Since Jan. 1, Ukraine gained: 143 square miles Russia gained: 331 square miles Net gain: 188 square milesWhen all the territorial changes are added together, Russia controls an additional 100 square miles of Ukraine, compared to Jan. 1, 2023.

Persons: Jan, Marina Miron, “ It’s, ”, Ukraine’s, Miron, Abrams Organizations: RUSSIA DONETSK, DONETSK, Territory Russia, Ukraine, Ukraine’s, New York Times, Institute for, American, Kyiv, Queens, King’s College London, Challenger Locations: Ukraine, UKRAINE KHARKIV Dnipro, LUHANSK, KHERSON CRIMEA UKRAINE KHARKIV Dnipro, KHERSON CRIMEA, DONETSK Zaporizhzhia KHERSON CRIMEA UKRAINE KHARKIV Dnipro, DONETSK Zaporizhzhia KHERSON CRIMEA, LUHANSK DONETSK, Russia, Territory, Kherson, Kharkiv, Ukrainian, NYC, Kyiv, New York City, Ukraine’s, Switzerland, Crimea, Robotyne, Verbove, Britain

☆ Peloton zooms after striking global deal with yoga wear maker Lululemon
▼ + stars: | 2023-09-27 | by ( ) www.reuters.com time to read: +1 min

REUTERS/Carlo Allegri/File Photo Acquire Licensing RightsSept 27 (Reuters) - Peloton Interactive (PTON.O) and Lululemon Athletica (LULU.O) said on Wednesday they had entered into a five-year global partnership, sending Peloton's shares up 16.7% in aftermarket trading. Under the deal, Peloton would become the exclusive digital fitness content provider for the apparel maker, developing all content for Lululemon Studio beginning early 2024. The fitness platform provider, once a pandemic darling, has taken a series of measures to cut costs. Shares of Peloton's rival Xponential Fitness (XPOF.N) pared some gains on the news of the company's deal with Lululemon and were last up 3.6% after the bell. Lululemon also said it would discontinue selling its Studio Mirror - an interactive "smart fitness" device that features live, on-demand workouts - which has seen lackluster demand in recent months.

Persons: Carlo Allegri, Lululemon, Shivansh, Pooja Desai Organizations: REUTERS, Lululemon Studio, Lululemon, Thomson Locations: Manhattan, New York City, U.S, Bengaluru

☆ Former Microsoft product chief joins Amazon as head of devices business
▼ + stars: | 2023-09-27 | by ( ) www.reuters.com time to read: +1 min

Panos Panay demonstrates the Microsoft Surface Studio computer at a live event in the Manhattan borough of New York City, U.S.,October 26, 2016. REUTERS/Lucas Jackson/File Photo Acquire Licensing RightsSept 27 (Reuters) - Former Microsoft (MSFT.O) product chief Panos Panay will lead Amazon.com's (AMZN.O) struggling unit responsible for the firm's Alexa and Echo products. Though relatively small within Amazon's sprawling empire, the device unit has been symbolically important as a gadget testing ground and Alexa's public face through voice-assistant devices. Amazon has said its devices and services business is not profitable, without providing figures. Panay, who more recently oversaw the launch of the Windows 11 operating system, has experience in both hardware and integrated services.

Persons: Panos Panay, Lucas Jackson, Amazon, Dave Limp, Chavi Mehta, Sriraj Organizations: Microsoft, REUTERS, Echo, Amazon, Reuters, Thomson Locations: Manhattan, New York City, U.S, Panay, Bengaluru

☆ Nike Air Jordans are losing resale value. Is sneaker culture moving on?
▼ + stars: | 2023-09-27 | by ( Katherine Masters | ) www.reuters.com time to read: +5 min

The famous Nike swoosh and Air Jordan logo is seen on an Air Jordan 1, called "Notorious" released from 1984-1985, during a preview for "The Rise of the Sneaker Culture" exhibit at the Brooklyn Museum in the Brooklyn borough of New York, July 8, 2015. Some investors are concerned the Jordan brand, a major source of sales for Nike, may be "losing steam," Bernstein analysts said on Sunday. The company does not report what percent of its total revenues come from the Jordan brand. Sales of performance shoes from Nike's Jordan brand have also outpaced retro styles, which include Air Jordan 1 high-tops, Donahoe said in June. Donahoe told investors in June that the company had "reset" its running business, highlighting updates to existing styles including its Infinity road running shoes and Pegasus trail running shoes.

Persons: Brendan McDermid, Altan, Jordan, Bernstein, John Donahoe, Salomon, Donahoe, Altan's, Dylan Dittrich, Jessica Ramirez, Jane Hali, Katherine Masters, Deborah Sophia, Josie Kao, Shweta Agarwal Organizations: Nike, Air, Brooklyn Museum, REUTERS, Altan Insights, Nike's Air, Air Jordan, Reuters Graphics, Barclays, Associates, Thomson Locations: Air Jordan, Brooklyn, New York, North America, Jordan, American, U.S, Bengaluru

The U.S. consumer agency, which enforces federal antitrust law, and 17 states filed their lawsuit against Amazon in Seattle federal court on Tuesday, asking a U.S. judge to consider an injunction and other penalties to combat alleged unlawful conduct. The FTC's lawsuit is related to but broader than a series of private consumer cases filed in recent years against Amazon that are pending in the same U.S. federal court. The private antitrust cases offer an early window into some of the legal arguments Amazon could be expected to make to challenge the FTC's lawsuit. Generally speaking, U.S. judges are "wary of using antitrust law to punish low-pricing behavior," said antitrust scholar Sean Sullivan of the University of Iowa's law school. Sullivan said it is not always a clear line between "good low pricing" — based on market competition — and "bad low pricing" that helps a company acquire or maintain market power.

Persons: Mike Segar, David Balto, Diane Hazel, Foley, Lardner, Hazel, Tom Cotter, David Zapolsky, Zapolsky, Lina Khan, Ricardo Martinez, Martinez, George W, Bush, Sean Sullivan, Sullivan, Mike Scarcella, Leigh Jones Organizations: REUTERS, U.S . Federal Trade, Amazon.com, Amazon, Reuters, FTC, U.S, University of Minnesota Law School, District, University of, Thomson Locations: Manhattan, New York City, U.S, Seattle, Washington, Mt, Rainier

☆ Sony gaming chief Jim Ryan to retire, group president to be interim head
▼ + stars: | 2023-09-27 | by ( Sam Nussey | ) www.reuters.com time to read: +1 min

Inside a GameStop store Sony PS5 gaming consoles are pictured in the Manhattan borough of New York City, New York, U.S., November 12, 2020. REUTERS/Carlo Allegri/File Photo Acquire Licensing RightsCompanies Sony Group Corp FollowTOKYO, Sept 28 (Reuters) - Sony Group (6758.T) said on Thursday its gaming chief Jim Ryan would retire next March, with group President Hiroki Totoki to become interim CEO during the search for a successor. Ryan, who is British, become CEO of Sony Interactive Entertainment (SIE) in 2019 and oversaw initiatives including the launch of the PlayStation 5 console the following year. "Jim no longer wants to manage the tradeoff between having a job in the U.S. and a home in the UK," SIE said in a statement. Reporting by Sam Nussey; Editing by Jamie Freed and Aurora EllisOur Standards: The Thomson Reuters Trust Principles.

Persons: Carlo Allegri, Jim Ryan, Hiroki Totoki, Ryan, Jim, SIE, Sam Nussey, Jamie Freed, Aurora Ellis Organizations: GameStop, Sony, REUTERS, Sony Group Corp, Sony Group, Sony Interactive Entertainment, PlayStation, Thomson Locations: Manhattan, New York City , New York, U.S

☆ Judge Blocks Migrants From Former School, Questioning Shelter Guarantee
▼ + stars: | 2023-09-26 | by ( Andy Newman | More About Andy Newman | ) www.nytimes.com time to read: +1 min

A judge on Staten Island temporarily blocked New York City on Tuesday from using a former school as an emergency shelter for migrants, in a decision that could have broader implications for the city’s long-established obligation to offer shelter to anyone who asks for it. The city has struggled to provide housing to the more than 110,000 migrants who have entered its shelter system since early last year, in part because of a decades-old legal obligation, known as “right to shelter,” that requires it to provide a bed for anyone who is homeless and asks for one. Citing “right to shelter," Mayor Eric Adams issued an emergency order that let the city bypass the normal review process for opening homeless shelters. But on Tuesday, Justice Wayne Ozzi of State Supreme Court wrote that the “right to shelter” does not exist, and ordered the Staten Island school emptied. The ruling came in a suit against the city and state brought by a man who lives near the school and eight Republican city, state and federal elected officials who represent the island, New York City’s most conservative borough.

Persons: Eric Adams, Wayne Ozzi Organizations: Staten, Court, Republican Locations: New York City, Staten, New York

More than 9 million merchants sell their wares on Amazon's marketplace and also supply it with steady streams of revenue. Amazon collects advertising fees for touting their products, fulfillment fees for delivery in addition to less specific "sellers' fees." Some merchants welcome the potential of relaxed seller and advertising charges, while others worry that completely dissolving Amazon's advertising services would harm their ability to reach shoppers. The FTC found that the company's fulfillment fees increased approximately 30% between 2020 and 2022. Dieterle relies on Amazon's fulfillment and advertising services to boost merchandise sales.

Persons: Mike Segar, Rick Dieterle, Dieterle, Lindsay Windham, Bryan Croft, Croft, Big, Jason Hince, Hince, Stacy Mitchell, Arriana McLymore, Matthew Lewis 私 Organizations: REUTERS, Rights, Merchants, U.S . Federal Trade, Big Tech, Amazon, FTC, Taco Brands, Union, HC Brands, Big Crazy Buffalo, Facebook, Google, Big, Institute for Local Locations: Manhattan, New York City, Rights RALEIGH, North Carolina, Buffalo, Raleigh , North Carolina

In those cases, the SEC asked companies to review staff messages and report to the agency how many discussed work. SEC staff reviewed only a sample of messages themselves, according to three sources with knowledge of the previous investigations. As with broker-dealers, the SEC initially sought details on investment advisers' record-keeping policies. The SEC later demanded that the investment advisers hand over the messages, the sources said. The agency is ignoring important differences in investment advisers' recordkeeping requirements, said Jennifer Han, the MFA's executive vice president and chief counsel.

Persons: Carlo Allegri, Wall, Carlyle, Gary Gensler, Jaclyn Grodin, Storrs, JPMorgan Chase, Wells, Goldman Sachs, Morgan Stanley, Jennifer Han, Chris Prentice, Michelle Price, Marguerita Choy Organizations: New York Stock, REUTERS, Securities and Exchange Commission, SEC, Reuters, Carlyle Group, Apollo Global Management, KKR, Co, TPG, Blackstone, Citadel, Apollo, Goulston, JPMorgan, Bank of America, Association, Bloomberg, Carolina, Thomson Locations: Manhattan, New York City , New York, U.S

UNITED NATIONS (AP) — Inside, with speeches and machinations and carefully deployed elbows, those who administer the world persist in their search for the elusive path to peace. “Bring lasting peace,” said Pravind Jugnauth, prime minister of Mauritius. Malaysian Prime Minister Anwar Ibrahim spoke of “the imperative to make peace." In July, visiting Indian Prime Minister Narendra Modi used the North Lawn, adjacent to the wooded area, to perform yoga poses as part of his visit. But for one tranquil moment, for one brief respite from the world's most high-stakes conversations, that's more than sufficient.

Persons: ”, Said, Pravind Jugnauth, Anwar Ibrahim, Pendarovski, Siaosi Sovaleni, “, Narendra Modi, Ukraine —, It's, Ted Anthony, General Assembly's Organizations: UNITED NATIONS, United Nations, Hall, New, Malaysian, Indian, —, Associated Press Locations: Manhattan, New York City, Queens, United, Mauritius, North Macedonia, Tonga, India, Pakistan, Armenia, Azerbaijan, Russia, Ukraine, East

☆ Want to live in London or New York? Good luck if you’re renting
▼ + stars: | 2023-09-23 | by ( Anna Cooban | ) edition.cnn.com time to read: +7 min

London CNN —In May, Viveca Chow hurriedly transferred $3,700 over her phone while standing in the lobby of a building in Queens, New York. Average rents in New York and Sydney grew by an inflation-busting 4.7% and 6.9% respectively in the year to August, according to real estate firm Knight Frank. While growth in rental costs in both cities has slowed compared with its pandemic peaks, average rents are still at all-time highs. The Manhattan skyline reflected on the East River Ferry near the Queens borough of New York CIty in August 2022. Lifestyle influencer Viveca Chow feels lucky to have found a rent-stabilized apartment in New York City.

Persons: Viveca Chow, Chow, Knight Frank, Ismail Ferdous, Realtor.com, SpareRoom, Barnaby Scudds, “ I’m, ”, Andy Raim, Matt Hutchinson, ” Hutchinson, Liam Bailey, ’, Sadiq Khan, Nikodem Szumilo, ” Szumilo, Szumilo, Viveca, ” Chow, you’re Organizations: London CNN —, CNN, Bloomberg, Getty, Hamptons, Office, National Statistics, Bartlett Real Estate Institute, University College London Locations: Queens , New York, New York, Sydney, Manhattan, Queens, London, United Kingdom, Bartlett, Tokyo, New York City, That’s

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