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☆ The Masters were caddied by only Black men for nearly 50 years
▼ + stars: | 2023-04-05 | by ( Jack Bantock | ) edition.cnn.com time to read: +14 min

Located just three miles from The Masters venue, the historically Black district lay adjacent to Augusta Country Club. Eventually, many would hop across Rae’s Creek to begin work at Augusta National. A “good bag” at Augusta National would pay up to $5, Maben said, offering $20 for a particularly lucrative day’s labor. The 1983 Masters saw the first White caddies walk the greens at the major, with just 19 Black caddies on the bag, Clayton said. This year, the Lucy Craft Laney Museum will put the legacy of Augusta’s Black caddies – quite literally – center stage.

Persons: Jack Nicklaus, Arnold Palmer, Willie Peterson caddied Nicklaus ’, Nathaniel “, ” Avery, Peterson –, –, Augusta, Nicklaus, Peterson, Augusta caddies, Leon Maben, Lucy, Lucy Craft Laney, Ward Clayton, “, ” Palmer, ” Clayton, …, Maben, Jerry ” Beard, caddie, Fuzzy Zoeller, John P, caddying, Willie “ Pappy ” Stokes, Stokes, Henry Picard, Ben Hogan, Hogan, Beard, Zoeller, Augusta “, Clayton, ” Maben, ” Beard, Heinz Kluetmeier, Tommy “, ” Bennett, Woods, scalding, John H, Stovepipe ” Gordon, Frank “, ” Stokes, Matthew “ Shorty Mac ” Palmer, Avery’s, Gordon, Gene Sarazen, Sarazen, Willie “, Perteet, Dwight D, Eisenhower, ”, ’, ‘, We’re, caddies, Jim Crow, Ron Townsend, Lee Elder, Elder, Andy Lyons, Townsend, ” Carl Jackson, Ben Crenshaw, Jackson, Crenshaw, “ Gentle Ben ”, Watson, Jamie Squire, Harvey Penick, ” Jackson, you’re, Andrew Redington, Avery, Palmer, Augusta caddies – Stokes, It’s Organizations: CNN, Augusta National, Bettmann, Getty, Augusta Country, Lucy Craft, Lucy Craft Laney Museum of, . Augusta National, ”, Augusta, ESPN, National, PGA, Augusta Country Club Locations: Georgia, Cedar Grove, Sand, Black, Augusta, caddies, Clayton, America, ”, Perteet

☆ Johnson & Johnson tries to use bankruptcy to settle talc cases for $8.9 billion
▼ + stars: | 2023-04-04 | by ( David Goldman | ) edition.cnn.com time to read: +2 min

New York CNN —Johnson & Johnson is trying once again to use the bankruptcy courts to settle tens of thousands of cases that claim its talc products cause cancer. The pharmaceutical company is now willing to pay $8.9 billion to plaintiffs over 25 years. A previous attempt to use Chapter 11 bankruptcy protection to resolve the talc cases was rejected by an appellate court, which ruled the company couldn’t go bankrupt because it wasn’t in financial distress. Johnson & Johnson has long held that talcum powder products are safe to use. Although J&J claims it has won the majority of its talc lawsuits, juries have awarded some customers billions of dollars in damages, siding with claimants’ arguments that the company’s talc products caused their cancer.

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☆ Scheffler, McIlroy and Rahm not yet the Big Three but in league of their own
▼ + stars: | 2023-04-04 | by ( Steve Keating | ) www.reuters.com time to read: +3 min

"I just had breakfast with Jon Rahm and that didn't come up," laughed McIlroy, when asked if the three had discussed their dominance. It may be absurd to compare Jack Nicklaus, Arnold Palmer and Gary Player, who combined for 34 major titles, to Scheffler, McIlroy and Rahm but on current form the present-day trio are in a league of their own. McIlroy opened his campaign with victory at the CJ Cup and hoisted the trophy at the DP Tour's Dubai Desert Classic. "You can say that (the new Big Three), if we do it for at least five-plus years like many of those players did," said Rahm. World number one Scheffler would not be drawn into the Big Three discussion but put the trio's domination down to a high level of consistency.

[1/2] A screen shows the logo and a ticker symbol for The Walt Disney Company on the floor of the New York Stock Exchange (NYSE) in New York, U.S., December 14, 2017. REUTERS/Brendan McDermidLOS ANGELES, April 3 (Reuters) - Walt Disney Co (DIS.N) Chief Executive Bob Iger fired back at Florida Republican Governor Ron DeSantis on Monday, saying his apparent retaliation against Disney for taking a position on legislation was "anti-business." Soon after, DeSantis and the Florida legislature moved to eliminate the virtual autonomy the company enjoyed in the running of Walt Disney World in Orlando. He also noted that Disney employs 75,000 people in the state and will welcome 50 million visitors to Disney World this year. "These efforts simply to retaliate for a position the company took sounds not just anti-business, but it sounds anti-Florida," Iger said.

☆ Elon Musk's Twitter made a mistake on tax documents for laid off workers. Now they may miss the tax filing deadline.
▼ + stars: | 2023-03-29 | by ( Kali Hays | Sindhu Sundar | ) www.businessinsider.com time to read: +4 min

Former Twitter workers were told this week they likely received incorrect tax information. The error likely won't be rectified until after the IRS tax filing deadline on April 18. The company told them the issue likely won't be corrected until after the IRS deadline to file taxes has passed. To rectify the mistake on the W-2s, Twitter will send a W-2 C form, used to make corrections to W-2s. However, the IRS deadline to file taxes is April 18, so many former employees now must file an extension.

☆ Can tiny homes save California? 4 villages illustrate their potentials and pitfalls.
▼ + stars: | 2023-03-27 | by ( Kelsey Neubauer | ) www.businessinsider.com time to read: +7 min

While this is the first time the state is providing this many tiny homes directly, the solution is not a new phenomenon. Here is a list of some of the municipalities that have built tiny homes to solve this issue and how they have fared. Justin Sullivan/Getty ImagesSan Jose was quick to adopt tiny homes as temporary shelters, per the East Bay Times. It's set to send tiny homes to cities already constructed, eliminating much of the cost and process for local governments. It — like many cities in California — has turned to tiny homes as temporary shelters for people living on the streets.

☆ The top 4 sports and sports tech VCs are ready to open their checkbooks. Here's what they're looking for.
▼ + stars: | 2023-03-23 | by ( Matthew Kish | ) www.businessinsider.com time to read: +10 min

Courtside Ventures in January closed a $100 million fund, its biggest yet. KB Partners late last year closed a $127 million fund, also its biggest yet. If you're not in one of those lanes, don't bother reaching out, even though the firm has the new $100 million fund to dole out. Parikh expects fewer investments in media companies out of the new fund, but more investments in gaming. It's doling out the money through two accelerator programs and an investment fund.

☆ Analysis: Credit Suisse collapse threatens Switzerland's wealth management crown
▼ + stars: | 2023-03-22 | by ( John Revill | ) www.reuters.com time to read: +6 min

[1/3] Logos of Swiss banks UBS and Credit Suisse are seen in Zurich, Switzerland March 20, 2023. Switzerland's credibility as a stable, predictable country had been upended by moves like the decision to wipe out the holdings of Credit Suisse bondholders, he said. Under the takeover deal, holders of Credit Suisse AT1 bonds will get nothing, while shareholders, who usually rank below bondholders in compensation terms, will receive $3.23 billion. "In that sense I also see a prosperous future for the financial centre because we have hundreds of very well capitalised banks and very successful wealth management and asset management banks." Reuters Graphics Reuters GraphicsReuters GraphicsOthers were more skeptical about the future, highlighting a reluctance to confront mistakes at Credit Suisse or take responsibility for the aftermath.

☆ The US's B-29 bomber was more expensive than the nuclear bomb it dropped on Japan at the end of World War II
▼ + stars: | 2023-03-21 | by ( Miguel Ortiz | We Are The Mighty | ) www.businessinsider.com time to read: +5 min

The Manhattan Project cost about $2 billion, or nearly $30 billion in 2021 dollars. The US's B-29 bomber program cost $3 billion, or just over $44.5 billion in 2021 dollars. In total, the program cost about $2 billion, or nearly $30 billion in 2021 adjusted for inflation. It was pushed through though because it was necessary for the Manhattan Project to work and the war to be won. It was also incapable of carrying and delivering the atomic bomb being developed by the Manhattan Project.

☆ Tiger Woods's NDA battle with Erica Herman is dragging his obsession with privacy into the spotlight
▼ + stars: | 2023-03-14 | by ( Jack Newsham | Katherine Long | ) www.businessinsider.com time to read: +13 min

Tiger Woods's ex-girlfriend Erica Herman claims he evicted and abused her, but she has an NDA. Davis wasn't the first person asked to keep Tiger Woods's name out of his mouth, and according to a $30 million lawsuit filed earlier this month by Woods's ex-girlfriend Erica Herman, he wasn't the last. The battle over Herman's NDA is a window into Woods's longtime obsession with privacy. In October 2021, exhibits and transcripts were sealed in an unsuccessful case brought by the family of an employee at Tiger Woods's restaurant who died in a drunk driving incident. When Woods's image imploded in 2009, he used nondisclosure agreements to stanch the gush of details about his personal life into the media.

☆ Swiss regulator monitoring banks and insurers after SVB collapse
▼ + stars: | 2023-03-13 | by ( ) www.reuters.com time to read: +3 min

ZURICH, March 13 (Reuters) - Swiss financial regulator FINMA on Monday said it was closely monitoring the banks and insurers it oversees after the U.S. moved to guarantee the deposits of two failing lenders in an effort to stem contagion. "FINMA takes note of the media reports on Silicon Valley Bank and Signature Bank in the USA and is closely monitoring the situation," FINMA said in a statement. "FINMA is evaluating the direct and indirect exposure of the banks and insurance companies it supervises to the institutions concerned," it said. FINMA said it was in contact with various institutions which could be affected, but declined name them or the measures it might take. The Swiss National Bank declined to comment on the effect of the Silicon Valley Bank's collapse could have on Switzerland's financial sector.

☆ What bear market? These stocks are trading at all-time highs
▼ + stars: | 2023-03-09 | by ( Michelle Fox | ) www.cnbc.com time to read: +3 min

As the market struggles to break out of its bear market, there are several stocks that have already soared to all-time highs this year. Here are the S & P 500 stocks that have broken out to all-time highs this year as the rest of the market stagnates. On Monday, Progressive traded at all-time highs dating back to its initial public offering in 1971. Meanwhile, on Monday, W.W. Grainger traded at all-time high levels back to when it began trading in 1967. Also on Monday, power management company Eaton hit all-time highs dating back to its July 1923initial public offering.

☆ Eaton celebrates 100 years on the Exchange
▼ + stars: | 2023-03-07 | 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 EmailEaton celebrates 100 years on the ExchangeEaton CEO Craig Arnold joins 'Squawk on the Street' to discuss how big an opportunity the Inflation Reduction Act will be to Arnold's company, why Eaton's well positioned to benefit from government stimulus and how sensitive Eaton's end markets are to the cadence of the economy.

☆ Salesforce sufficiently acquiesces to angry mob
▼ + stars: | 2023-03-02 | by ( Robert Cyran | ) www.reuters.com time to read: +4 min

The software developer revealed financial progress in its quarterly results, indicated it would throttle pricey deals and installed new board members, including a representative from ValueAct Capital. Co-Founder and Chief Executive Marc Benioff said on Wednesday that improving profitability is the company’s top priority. As evidence of the commitment, Salesforce said in January that it would lay off 10% of its workers. They are Mason Morfit, chief executive of ValueAct Capital; Sachin Mehra, Mastercard’s finance chief; and Arnold Donald, the former CEO of Carnival. Assertive investors Starboard Value, ValueAct Capital, and Inclusive Capital, have held talks with Salesforce, according to Reuters.

☆ ‘True Lies’ Review: A Counterintelligence Couple Comes Back
▼ + stars: | 2023-03-01 | by ( John Anderson | ) www.wsj.com time to read: +1 min

The old James Cameron / Arnold Schwarzenegger collaboration “True Lies” has needed a reboot since, oh, about the time it was released. Its premise was close to preposterous: A long-married woman wouldn’t know her husband was a globe-trotting, veteran counterterrorism agent? Linguistics professor, yoga enthusiast and mother of two Helen Tasker (Ms. Gonzaga) has been married to Harry Tasker (Mr. Howey) for 17 years. Yet she has no idea that all his business travel for that job in “computer sales” really involves him and his cohort saving the world. This doesn’t earn her a lot of our respect, but the show wisely dispenses with the whole façade in the first episode: Helen becomes an agent, too.

☆ Don't act on new activist push for board seats at Salesforce before earnings, Benioff reaction
▼ + stars: | 2023-03-01 | by ( Kevin Stankiewicz | ) www.cnbc.com time to read: +8 min

Hedge fund Elliott Management's decision to nominate candidates for Salesforce 's (CRM) board represents an escalation of the activist agitation at the Club holding. The Club generally believes activists' wishes for cost-cutting at Salesforce are positive, as long as Benioff remains at the helm. It's unclear whether Elliott is nominating two or three candidates for Salesforce's board, according to CNBC's David Faber, who broke the story Wednesday morning . Benioff is chairman of Salesforce's board. However, we don't want the activist pressure at Salesforce to cause Benioff to depart the company.

☆ Player revolts plunge Women's World Cup buildup into turmoil
▼ + stars: | 2023-02-28 | by ( Lori Ewing | ) www.reuters.com time to read: +4 min

Canada's women's team have vowed to boycott a pre-World Cup camp next month over equal pay and support, while Le Graet faced allegations of harassment. A government ministry audit concluded the 81-year-old Le Graet did not have the "necessary legitimacy" for the position. Canada are the reigning Olympic women's champions, while France topped their group in World Cup qualifying. Forward Janine Beckie, who was in Qatar for last year's men's World Cup as part of Canada's broadcast crew, saw the "disgusting" discrepancy between the two programmes. (This story has been corrected to change the World Cup start date in paragraph 6)Reporting by Lori Ewing Editing by Toby DavisOur Standards: The Thomson Reuters Trust Principles.

☆ Cramer sees a 'good chance' Salesforce's Benioff will soon announce succession plans
▼ + stars: | 2023-02-25 | by ( Kevin Stankiewicz | ) www.cnbc.com time to read: +4 min

Jim Cramer suggested Saturday that plans for a leadership change at Club holding Salesforce (CRM) — helmed by co-founder Marc Benioff for more than two decades — may be disclosed in the near future. CRM YTD mountain Salesforce (CRM) YTD performance In early January, Salesforce announced a cost-cutting plan that included layoffs and office space reductions — moves that Jim has said were pushed for by Starboard . While Benioff has said he's "never leaving" Salesforce , the company has twice elevated an executive to the role of co-CEO. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Marc Benioff, founder, chairman and CEO of enterprise cloud computing company Salesforce.

☆ U.S. abortion rights groups and law firms launch legal defense network
▼ + stars: | 2023-02-22 | by ( Gabriella Borter | ) www.reuters.com time to read: +2 min

Feb 22 (Reuters) - Major abortion rights organizations and private law firms have teamed up to provide legal counsel to patients and providers navigating the complicated patchwork of U.S. abortion laws, the groups said on Wednesday. The Supreme Court's June 2022 decision to overturn Roe v. Wade, a nearly 50-year-old precedent that established federal abortion rights, has resulted in a dozen states banning abortion almost entirely. The group's launch comes a day after 20 Democratic governors announced they had formed an alliance to protect abortion rights and access within their states. Abortion rights supporters have been largely dissatisfied with the Democratic-led administration's response to the elimination of abortion access in large swaths of the country. Abortion providers and those supporting abortion patients can seek counsel through the network, while patients will be referred to a helpline already run by If/When/How, one of the network's advocacy partners.

☆ Exclusive: Swiss financial watchdog reviewing Credit Suisse chairman's comments - sources
▼ + stars: | 2023-02-20 | by ( Oliver Hirt | ) www.reuters.com time to read: +3 min

ZURICH, Feb 20 (Reuters) - Swiss financial regulator Finma is reviewing remarks made by Credit Suisse Group (CSGN.S) Chairman Axel Lehmann about outflows from the lender having stabilized in early December, two people with knowledge of the matter told Reuters. Lehmann told the Financial Times in an interview streamed online on Dec. 1 that after strong outflows in October, they had "completely flattened out" and "partially reversed". Credit Suisse shares rose 9.3% on Dec. 2. A Credit Suisse spokesperson said the bank does "not comment on speculation." Finma's scrutiny adds to the challenges faced by Credit Suisse, which has been rocked by scandals in recent years.

☆ Elon Musk used to scream if he wasn't mentioned in an article about Tesla, the company's first CEO says
▼ + stars: | 2023-02-18 | by ( Grace Kay | ) www.businessinsider.com time to read: +5 min

Tesla cofounder Martin Eberhard said Elon Musk used to "scream" if he was not cited in Tesla stories. Musk didn't return requests for comment. In an interview with Insider, Eberhard said he and Musk were "congenial" until his last few months at the company. "His behavior changed dramatically as soon as we started having press about Tesla," Eberhard told Insider in an interview. He previously told Insider that Musk and Tesla's board met behind his back and voted to replace him as CEO.

☆ Salesforce, activist investor Elliott may soon reach deal - sources
▼ + stars: | 2023-02-17 | by ( Svea Herbst-Bayliss | ) www.reuters.com time to read: +2 min

Feb 17 (Reuters) - Cloud-based software firm Salesforce Inc (CRM.N) and activist investor Elliott Management Corp are in discussions to reach an agreement that may end a possible board challenge, according to two people familiar with the matter. The battle at Salesforce has pitted Elliott as well as other activist investors against Marc Benioff, one of Silicon Valley's most iconic chief executives. Salesforce's growth has slowed dramatically in recent quarters and last month the company said it would cut 10% of jobs to address its performance. Representatives for Salesforce and Elliott declined to comment. Elliott too has long invested in technology companies and in the past reached settlements for board seats with companies including Pinterest (PINS.N), Twitter and eBay (EBAY.O).

☆ England hope to wear OneLove armband at 2023 World Cup
▼ + stars: | 2023-02-15 | by ( ) www.reuters.com time to read: +2 min

Feb 15 (Reuters) - England hope to wear the OneLove armband at the 2023 Women's World Cup, captain Leah Williamson said on Wednesday, as they aim to continue showing their support for the LGBT community. FIFA had made it clear the multi-coloured armband, introduced to support diversity and inclusion, was not welcome at the 2022 men's World Cup in Qatar. Williamson said England are determined to continue showing their support after wearing the armband throughout their triumphant run to the Euro 2022 title. Williamson added England would never stop standing up for what they believe in. The 2023 World Cup, played in Australia and New Zealand, will start on July 20.

☆ Yet another activist targets Salesforce — further validation there's money to be made in the stock
▼ + stars: | 2023-02-09 | by ( Kevin Stankiewicz | ) www.cnbc.com time to read: +6 min

A fifth activist investor has taken a stake in Club holding Salesforce (CRM), making loud and clear that well-respected hedge funds see a money-making opportunity in the enterprise software giant. With activist investing becoming more common since the Great Financial Crisis, Jiang said it's not unheard of for a single company to be targeted by multiple firms. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.

☆ I settled the gas stove debate with a $69.99 induction cooktop from Ikea
▼ + stars: | 2023-02-05 | by ( Adam Rogers | ) www.businessinsider.com time to read: +11 min

Well, not at Ikea per se, but on the Ikea website — where I purchased the Tillreda, a single-burner induction cooktop, for $69.99. I got a magnet; if it doesn't stick to a pot, the pot won't work on an induction plate. That meant I couldn't do stuff on the Tillreda like boiling soup and pasta, things that require a long time on an inefficient gas flame. "In cases like that, the heat losses for a gas flame really add up," McGee says. I tried one in a cast-iron pan on the induction plate.

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