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☆ BlackBerry expects to report drop in quarterly revenue, shares dive
▼ + stars: | 2023-09-06 | by ( ) www.reuters.com time to read: +1 min

The Blackberry logo is shown on a office tower in Irvine, California, U.S., October 20, 2020. In its preliminary results announcement for the quarter, the company said it expects revenue of about $132 million, compared with $168 million last year. Four analysts polled by LSEG expect BlackBerry to report sales of $156.9 million. In August, media reports said private equity firm Veritas Capital made an offer to buy BlackBerry, months after the Canadian company began a strategic review. The company expects revenue in its cybersecurity unit to be about $80 million, lower than $111 million last year.

Persons: Mike Blake, John Chen, Jaiveer Singh, Devika Organizations: REUTERS, LSEG, Veritas Capital, Canadian, Thomson Locations: Irvine , California, U.S, Bengaluru

☆ Republican lawmakers launch an effort to block student-loan borrowers from enrolling in Biden's new plan intended to lower monthly payments
▼ + stars: | 2023-09-05 | by ( Ayelet Sheffey | ) www.businessinsider.com time to read: +4 min

GOP lawmakers introduced a bill to overturn Biden's new SAVE income-driven repayment plan. Borrowers can now apply for the SAVE plan before bills become due next month. It also estimated that an additional 1 million low-income borrowers would experience that benefit, and the plan would save all other borrowers at $1,000 a year compared to other income-driven repayment plans. However, the Republican lawmakers seeking to overturn that plan argued it's an overreach of authority and would cost taxpayers. While Republicans opposed that relief, as well, Biden is moving forward with implementing the new repayment plan as borrowers begin to face another monthly bill.

Persons: Joe Biden's, Bill Cassidy, Sen, John Thune, John Cornyn, Cassidy, Biden, Lisa McClain, Miguel Cardona, we're Organizations: Service, Republican, GOP, Education Department Locations: Wall, Silicon, Washington

London CNN —Britain’s second-biggest city effectively declared itself bankrupt on Tuesday, shutting down all nonessential spending after being issued with equal pay claims totaling up to £760 million ($956 million). Birmingham City Council, which provides services for more than one million people, filed a Section 114 notice on Tuesday, halting all spending except on essential services. The deficit arose due to difficulties paying between £650 million (around $816 million) and £760 million (around $954 million) in equal pay claims, the notice report says. The city now expects to have a deficit of £87 million ($109 million) for the 2023-24 financial year. Sharon Thompson, deputy leader of the council, told councilors on Tuesday it faces “longstanding issues, including the council’s historic equal pay liability concerns,” according to the United Kingdom’s PA Media news agency.

Persons: London CNN —, Sharon Thompson, Thompson, Birmingham “, ”, “, Rishi Sunak, John Cotton Organizations: London CNN, Birmingham City Council, United Kingdom’s, Media, Conservative Party, UK, BBC, Commonwealth Games, Commonwealth Locations: Birmingham, ” “, England

☆ Little Richard embraced fluidity in rock ‘n’ roll. These are some of the artists he influenced
▼ + stars: | 2023-09-04 | by ( Scottie Andrew | ) edition.cnn.com time to read: +12 min

Editor’s Note: The CNN Film “Little Richard: I Am Everything” tells the story of rock ‘n’ roll’s Black, queer origins. Kevin Winter/Getty ImagesPerhaps the closest thing to a successor Little Richard had was Prince, the late legend who, like Little Richard, resisted easy classification and reinvented music upon his arrival. Tina TurnerTina Turner and Little Richard reunited for a performance at the 1989 Rock & Roll Hall of Fame Induction Ceremony. “I couldn’t believe the power of Little Richard on stage,” he said in Little Richard’s biography. Ian Gavan/Getty ImagesLike Little Richard, the British pop maven always felt at home in front of a piano, often tinkling the keys dressed in an ostentatious garment involving feathers (Little Richard, meanwhile, mostly stuck to suits).

Persons: “, Richard, Lil Nas, Little Richard, didn’t, Prince, David Bowie, Janelle Monáe, Dick Clark, Little Richard’s, Prince Prince, Kevin Winter, ” Richard, Rosetta Tharpe, you’ll, Frutti ”, NPR’s Ann Powers, Frutti, …, ” Prince, Richard’s, Nikki ”, MTV “, ” David Bowie David Bowie, Ziggy Stardust, Bowie, ”, Ziggy, wouldn’t, ” Bowie, Tina Turner Tina Turner, Sonia Moskowitz, Ike, Turner, —, Elvis, Mick Jagger Richard, Jagger, Little, Elton John Elton John, Ian Gavan, maven, John, he’s, ” John, Beverly Hilton, Freddie Mercury, might’ve, Queen —, Elvis Baz Luhrman’s, ” dramatizes, Alton Mason, Richard careens, Elvis ”, King —, Janelle Monáe Janelle Monáe, Ethan Miller, Monáe, ” Monae, Richard . Lady Gaga, Gaga, Jo Calderone, Princess Lavonne, Lavonne, he’d, Jo, Princess Lavonne’s, ” Ashon Crawley Organizations: CNN, MTV, Roll Hall, Beverly, Warner Bros, Warner Bros ., USA, NPR Music Locations: London, New Orleans, British, Monáe

☆ Architects explain how they're turning office buildings into apartments with high ceilings and more natural light
▼ + stars: | 2023-09-04 | by ( Eliza Relman | ) www.businessinsider.com time to read: +9 min

Steven Paynter, an expert in office-to-residential conversions at the architecture firm Gensler, thinks converted office buildings will be a trendy, new type of housing. Advertisement Advertisement Watch:The renovated exterior of Franklin Tower, a 24-story former office building in downtown Philadelphia that now contains luxury residences. But renovating old office buildings is no simple task. AdvertisementAdvertisementIn some cases, particularly when it comes to postwar high-rises, it's more economical to tear old office buildings down and replace them with new housing, Hogan said. When Gensler renovated Franklin Tower, a vacant 1970s office building in downtown Philadelphia, it fully reconstructed the facade and windows.

Persons: Steven Paynter, Paynter, Robert Deitchler, Mark Hogan, who'd, you've, Charles Bloszies, Hogan, " Hogan, John Cetra, Cetra, Bloszies Organizations: Service, Broad, Coast, Franklin Locations: Wall, Silicon, Manhattan , New York, Philadelphia, San Francisco, Franklin Tower, Manhattan, San Francisco's

☆ Polanski film 'The Palace' can't find distributors in US, Britain or France, producer says
▼ + stars: | 2023-09-02 | by ( ) www.reuters.com time to read: +2 min

[1/4] The 80th Venice Film Festival - Photocall for the film "The Palace" out of competition - Venice, Italy, September 2, 2023. REUTERS/Yara Nardi Acquire Licensing RightsVENICE, Sept 2 (Reuters) - The producer of Roman Polanski's latest movie, "The Palace", bemoaned the fact that no one wanted the distribution rights for the film in the United States, Britain and France, saying morality should not weigh on art. One of the most successful directors of his generation, Polanski fled the United States over a conviction for raping a 13-year-old girl in 1977, a crime he admitted. After the #MeToo movement gained global traction in 2017 following sexual abuse allegations against U.S. film producer Harvey Weinstein, a number of women alleged that Polanski had sexually assaulted them as teenagers as well. The producer Luca Barbareschi said he had sold distribution rights across continental Europe, but not in France, Britain or the United States, despite the fact well-known actors from all three countries appeared in the film.

Persons: Milan Peschel, Fortunato Cerlino, Fanny Ardant, Luca Barbareschi, Oliver Masucci, Joaquim de Almeida, Yara, Roman, Polanski, Harvey Weinstein, Mickey Rourke, John Cleese, Joaquim De Almeida, Barbareschi, Polanski's, Polanksi, Crispian Balmer, Ros Russell Organizations: REUTERS, U.S, Venice Film, Netflix, Golden, Thomson Locations: Venice, Italy, United States, Britain, France, Polish, Swiss, Europe, Australia, New Zealand

☆ After Mitch McConnell's 2nd freezing episode, a Kentucky GOP county chair says he's 'disappointed' that the senator didn't relinquish his leadership role in 2022: 'That would've been a wise decision'
▼ + stars: | 2023-09-02 | by ( John L. Dorman | ) www.businessinsider.com time to read: +3 min

After Mitch McConnell froze again, a Kentucky GOP leader said the senator should have left last year. Bob Barney, the GOP chair in Jessamine County, told The Post he was "disappointed" in the situation. But McConnell's Republican Senate colleagues have, by and large, rallied around him. Barney told the newspaper he feels as though McConnell won't be selected as the GOP leader once again, which will eventually push him to leave office. "We're all very disappointed that he didn't let someone else take over as leader in 2022," Barney told The Post.

Persons: Mitch McConnell, Bob Barney, Sen, John Cornyn of, McConnell, Cornyn, didn't, Barney, Rick Scott of, Barney —, Joe Biden, —, Mitch, he'd, Scott Jennings, Jim Banks, Jennings Organizations: Kentucky GOP, GOP, Republican, Service, Kentucky Republican, Washington Post, Safer Communities, Post, Kentucky Republicans, Indiana Rep, Democratic, Bluegrass State Locations: Kentucky, Jessamine County, Wall, Silicon, John Cornyn of Texas, Rick Scott of Florida

☆ What Trump thinks of Mitch McConnell's potential replacements
▼ + stars: | 2023-09-01 | by ( Zachary B. Wolf | ) edition.cnn.com time to read: +7 min

CNN —It would be a mistake to presuppose these are the final days of Sen. Mitch McConnell’s record-setting run as the Republican leader in the Senate. In January, Trump referred to Barrasso as McConnell’s “flunky” during a radio interview in Barrasso’s home state of Wyoming. Trump views McConnell as an enemyNo Senate leader will be able to maintain a flawless relationship with Trump, but McConnell’s has been particularly fraught. McConnell’s wife, Elaine Chao, who served in Trump’s administration as transportation secretary, has more recently been the subject of racial insults from Trump. Any successor would have to navigate Trump’s control of the party – and the very real potential that Trump could return to the White House.

Persons: Sen, Mitch McConnell’s, Donald Trump’s, Trump, McConnell, Rich Lowry, “, ”, CNN’s Manu Raju, Raju, It’s, George W, Bush, Lowry, ” Lowry, Johns ” – Sen, John Thune of, John Cornyn of, John Barrasso of, Thune, ’, Tom Daschle, – “, Kristi Noem, Tim Scott of, Cornyn, “ He’s, ” Cornyn, Utah’s Sen, Mitt Romney, Barrasso, McConnell’s, Elaine Chao, Trump’s Organizations: CNN, Republican, Republicans, National Review, Capitol, GOP, New York Times, today’s GOP, Senate, South Dakota Gov, Trump, Republicans ’ Locations: John Thune of South Dakota, John Cornyn of Texas, John Barrasso of Wyoming, today’s, Trump, Thune, Tim Scott of South Carolina, Cornyn, Wyoming

☆ A company that counts billionaires Marc Andreessen and Laurene Powell Jobs as investors says it's bought 50,000 acres of land to build a new 'walkable' city in northern California. Here's everything w
▼ + stars: | 2023-09-01 | by ( Grace Dean | ) www.businessinsider.com time to read: +6 min

California Forever says it wants to build a "walkable" city with new jobs, surrounded by an agricultural greenbelt. The company, Flannery Associates, has been quiet until now, but its parent company California Forever just launched a new website detailing its master plan. Solano County sits between Sacramento, San Francisco, and Napa Valley, and has a population of around 450,000 across just over 900 square miles. Sramek founded California Forever in 2017 and recently bought a family home there. "Now that we're no longer limited by confidentiality, we are eager to begin a conversation about the future of Solano County," it says.

Persons: Goldman Sachs, Marc Andreessen, Laurene Powell Jobs, Flannery, Jan Sramek, he'd, Jan, Sramek, it's, Who's, Chris Dixon, John Doerr, Nat Friedman, Daniel Gross, Reid Hoffman, Michael Moritz, Andreessen Horowitz, Patrick, John Collison Organizations: Goldman, Service, Flannery Associates, California Forever, Travis Air Force Base, California Forever's, California Delta, California Locations: San Francisco, California, Wall, Silicon, Solano County, Sacramento, Napa Valley, Solano, Fairfield, Rio Vista, walkable

☆ Theater to See Near N.Y.C. in September: ‘Ulysses,’ ‘The Pianist’ and More
▼ + stars: | 2023-09-01 | by ( Laura Collins-Hughes | ) www.nytimes.com time to read: +3 min

Here is a chance to see it live, in a McCarter Theater Center-Berkeley Repertory Theater co-production. The play was a Pulitzer Prize finalist in 2007, when Vogel was on the jury. James Warwick directs the world-premiere production. Directed by John Collins, the company’s artistic director, this world-premiere production instead samples chunks from each of the novel’s 18 episodes, letting them erupt in all their verbosity, vulgarity, vivacity and — it is Joyce, after all — opacity. Cross that with the trans-Atlantic success of “Six,” and you arrive at this production: a Lizzie Borden rock musical with an all-female cast.

Persons: Paula Vogel, underproduced, Davis, Vogel, Donald Margulies, ”, Karen Allen, Reed Birney, James Warwick, Ulysses ’, “, James Joyce’s, Leopold Bloom’s, John Collins, Joyce, Scott Shepherd, Wladyslaw Szpilman, Polanski, Emily Mann, Iris Hond, georgestreetplayhouse.org, Lizzie ’, Lizzie Borden, Steven Cheslik, Tim Maner, Alan Stevens Hewitt, Lainie Sakakura, twhartford.org Organizations: McCarter Theater Center, Berkeley Repertory Theater, McCarter Theater Center , Princeton, Shakespeare & Company, Service, Fisher, New Brunswick Performing Arts Center Locations: California, N.J, Lenox, Dublin, Bard, Annandale, Hudson, N.Y, Polish, Warsaw, New Brunswick Performing Arts Center , New Brunswick, TheaterWorks Hartford, Hartford, Conn

☆ Capitol physician medically clears McConnell after health scares prompt new questions over his leadership position
▼ + stars: | 2023-08-31 | by ( Manu Raju | ) edition.cnn.com time to read: +6 min

Washington CNN —Senate GOP Leader Mitch McConnell is medically cleared to continue his schedule, the US Capitol physician said Thursday, after he froze for the second time in as many months in public. “I have consulted with Leader McConnell and conferred with his neurology team. Even if they have a meeting, there’s no mechanism to force a vote on the party’s leadership. “The leader sounded like his usual self and was in good spirits,” said Ryan Wrasse, a spokesman for Senate GOP Whip John Thune, who spoke to the GOP leader. “Obviously his first responsibility is to the voters of Kentucky,” GOP Sen. Kevin Cramer of North Dakota told CNN in July.

Persons: Mitch McConnell, McConnell, “, Dr, Brian Monahan, ”, Monahan, –, hasn’t, McConnell’s, Sen, John Barrasso, Jim Banks, McConnell didn’t, Banks, Joe Biden, neurosurgeons, ” Biden, Ryan Wrasse, John Thune, Kelley Moore, Shelley Moore Capito, “ Sen, Capito, ” Capito’s, GOP Sen, Kevin Cramer of North, ” Cramer, John Cornyn, Cornyn Organizations: Washington CNN, GOP, Capitol, CNN, Republican, West Virginia Republican, Senate, Kevin Cramer of North Dakota Locations: Covington , Kentucky, Indiana, Kentucky, “

☆ Giuliani loses support of billionaires Langone, Cooperman: 'I wouldn't give him a nickel'
▼ + stars: | 2023-08-31 | by ( Brian Schwartz | ) www.cnbc.com time to read: +8 min

Langone contributed $4,600 to Giuliani's 2008 campaign for president, according to FEC records. This executive donated $2,300 to Giuliani's 2008 run for president, according to FEC records. Goodman did not say who is contributing to help Giuliani pay for his legal fees or how much those entities have raised. "I probably will," said Catsimatidis, who owns New York radio station WABC that employs Rudy Giuliani and his son. "I think people should help Rudy Giuliani.

Persons: Rudy Giuliani, Donald Trump, Giuliani, Rudy, I'm, Brian France, Ken Langone, Forbes, Langone, Cooperman, It's, Leon Cooperman, Trump, he's, Ted Goodman, Goodman, Joe Biden swiped, Andrew Giuliani, John Catsimatidis, Catsimatidis Organizations: New York City, NASCAR, New, FEC, Trump, Billionaire, Commission, CNBC, titans, Former New York City, Wall Street, Washington D.C, Giuliani, Twitter, Giuliani Defense, New York, WABC, New York Republican Locations: Georgia, Washington , U.S, France, New York, New York City, Russian, York City, Bedminster , New Jersey

☆ A century before Silicon Valley billionaires pitched a brand new city in this California county, wealthy businessmen tried — and failed — to do the same thing
▼ + stars: | 2023-08-31 | by ( Lloyd Lee | ) www.businessinsider.com time to read: +4 min

A group of Silicon Valley investors are planning to build a city in Solano County. The project, Solano City, failed as money ran dry and investors couldn't attract enough buyers. "The Market is TWO HOURS AWAY," one advertisement read, pointing an arrow from San Francisco to Solano City. Solano Irrigated Farms was soon unable to keep up with bills, and "Solano City died almost overnight," according to the historical database. Remnants of Solano City in progress can be seen in the county, Paul said.

Persons: Flannery, Patrick Calhoun, John Calhoun, Bil Paul, Paul, Solano, They're Organizations: Service, Silicon, Sacramento —, Flannery Associates Locations: Silicon, Solano County, Solano City, Wall, Solano County —, San Francisco, Sacramento, Dixon, Washington, San Francisco Bay, California, Solano, Farms, City

☆ Nebraska volleyball sets world record for attendance at a women’s sporting event, at above 92,000, school says
▼ + stars: | 2023-08-30 | by ( Jacob Lev | ) edition.cnn.com time to read: +2 min

CNN —Memorial Stadium was the place to be on Wednesday night when the University of Nebraska women’s volleyball team hosted in-state opponent Omaha. The official attendance of 92,003 in Lincoln – at what normally is the university’s football stadium – set the world record for the largest announced crowd at a women’s sporting event, according to the school. “Nebraska has the best fan base in the world, the best volleyball fans in the world,” Albert said before introducing head coach John Cook. “And I was thinking this morning, there’s only three things that shut down the University of Nebraska: 1) snowstorms, 2) Covid, 3) Nebraska volleyball in the stadium. During what the school called “Volleyball Day,” the record-setting crowd gave a roaring ovation to the fourth-ranked Nebraska volleyball team as players walked onto the court.

Persons: Trev Alberts, ” Albert, John Cook, Cook, there’s, ” Cook, wasn’t, Bob Devaney Organizations: CNN —, University of Nebraska women’s, Omaha, Lincoln –, –, UEFA Champions League, Barcelona, Wolfsburg, Camp, University of Nebraska, Nebraska, Rose Bowl, Huskers, Bob Devaney Sports Center, NCAA, Nationwide Arena Locations: Lincoln, Barcelona, Spain, Camp Nou, Nebraska, “ Nebraska, United States, China, Pasadena , California, Wisconsin, Columbus , Ohio

A cameraman films wreckage of the private jet linked to Wagner mercenary chief Yevgeny Prigozhin near the crash site in the Tver region, Russia, August 24, 2023. U.S. aviation safety consultant and former investigator John Cox said an internal Russian investigation would always be questioned without the participation of Brazil, the country where the plane was manufactured. "I think it hurts the transparency of the Russian investigation." In air crash investigations, experts work to improve aviation safety without assigning blame, but probes are often tainted by political interests. Jeff Guzzetti, a former U.S. air crash investigator, said Russia should accept assistance from Brazil, even if CENIPA can only participate remotely.

Persons: Wagner, Yevgeny Prigozhin, Marina, Prigozhin, Vladimir Putin's, Marcelo Moreno, John Cox, Cox, CENIPA, Jeff Guzzetti, Allison Lampert, Gabriel Araujo, Valerie Insinna, Denny Thomas, Grant McCool Organizations: REUTERS, SAO PAULO, Embraer, EMBR3, Reuters, Wagner Group, Brazil's Center for Research, Aeronautical, United Nations International Civil Aviation Organization, Interstate Aviation Committee, Accident Investigation, U.S ., Convention, International Civil Aviation, Thomson Locations: Tver, Russia, MONTREAL, SA, Moscow, Russian, Ukraine, Montreal, St Petersburg, Brazil, U.S, Sao Paulo, Washington

Brazil's Center for Research and Prevention of Aeronautical Accidents (CENIPA), in the interests of improving aviation safety, had said it would join a Russian-led investigation if it were invited and the probe held under international rules. U.S. aviation safety consultant and former investigator John Cox said an internal Russian investigation would always be questioned without the participation of Brazil, the country where the plane was manufactured. "I think it hurts the transparency of the Russian investigation." In air crash investigations, experts work to improve aviation safety without assigning blame, but probes are often tainted by political interests. Jeff Guzzetti, a former U.S. air crash investigator, said Russia should accept assistance from Brazil, even if CENIPA can only participate remotely.

Persons: Wagner, Yevgeny Prigozhin, Anton Vaganov, Prigozhin, Vladimir Putin's, Marcelo Moreno, John Cox, Cox, CENIPA, Jeff Guzzetti, Allison Lampert, Gabriel Araujo, Valerie Insinna, Denny Thomas, Grant McCool Organizations: Police, REUTERS, SAO PAULO, Embraer, EMBR3, Reuters, Wagner Group, Brazil's Center for Research, Aeronautical, United Nations International Civil Aviation Organization, Interstate Aviation Committee, Accident Investigation, U.S ., Convention, International Civil Aviation, Thomson Locations: Tver, Russia, MONTREAL, SA, Moscow, Russian, Ukraine, Montreal, St Petersburg, Brazil, U.S, Sao Paulo, Washington

☆ Former Bush advisor Karl Rove slams Vivek Ramaswamy's first GOP debate performance as 'robotic' and 'over-the-top'
▼ + stars: | 2023-08-27 | by ( John L. Dorman | ) www.businessinsider.com time to read: +3 min

Karl Rove called out Vivek Ramaswamy over what he said was a "robotic" GOP debate performance. "Chris Christie got off one of the better lines of the night that he sounded like ChatGPT," he said. While Rove said Ramaswamy "on points had a good evening," he also said that the candidate "had a bad evening" when it came to substance. Ron DeSantis of Florida, who has so far been unable to dethrone former President Donald Trump from the top of the GOP presidential perch, had "a good night" at the debate. This was important for him to have a good night."

Persons: Karl Rove, Vivek Ramaswamy, Rove, Chris Christie, George W, Bush's, John Catsimatidis, Ramaswamy, Catsimatidis, Christie, Ron DeSantis, Donald Trump, Trump Organizations: WABC, Service, White House, Sunday, New, Republican, Trump, Emerson Locations: Wall, Silicon, New York, Jersey, Florida, New Hampshire

☆ Your next apartment could be someone's old cubicle as developers rush to convert empty offices
▼ + stars: | 2023-08-27 | by ( Eliza Relman | Juliana Kaplan | ) www.businessinsider.com time to read: +9 min

The mayor of New York City aims to turn old office buildings into 20,000 new apartments. The Manhattan-based architect John Cetra, who has worked on office conversions since the 1980s, calls it "the amenity war." His firm, CetraRuddy, recently announced it's leading the conversion of a 30-story office building, formerly home to Goldman Sachs, in Manhattan's financial district. Adams' goal is to create up to 20,000 new homes for 40,000 New Yorkers in converted office buildings over the next decade. AdvertisementAdvertisementNew York City has already had some success in converting office buildings to homes.

Persons: you'll, they've, everyone's, Steven Paynter, we've, John Cetra, it's, Goldman Sachs, Cetra, Eric Adams, Paynter, He's, who's, Adams, We've, Dan Garodnick, Mark Hogan, Hogan, Charles Bloszies, I've, that's, Bloszies, Garodnick, Arpit Gupta Organizations: Service, CetraRuddy, York, US Department of Housing, Urban Development, Yorkers, New York City's Department of City Planning, San Francisco, Supervisors, New York Stock Exchange, NYU Stern School of Business, Research Locations: New York City, Wall, Silicon, York, San Francisco, Manhattan, Toronto, Calgary , Alberta, York City, Francisco, New York

☆ CloudKitchens, ghost restaurant news and updates
▼ + stars: | 2023-08-25 | by ( Meghan Morris | ) www.businessinsider.com time to read: +5 min

In 2021, Kalanick raised $850 million at a $15 billion valuation from backers including Microsoft. One, a physical ghost kitchen arm called CloudKitchens in the US, transforms mainly warehouses into private kitchen spaces that big companies and mom-and-pops alike can rent. 2021 fundraiseTravis Kalanick Theo Wargo/WireImageIn late 2021, CloudKitchens' parent company raised $850 million at a $15 billion valuation, Insider exclusively reported. Some entry-level sales employees have struggled at Otter, Insider reported. CloudKitchens US locationsA 2021 Insider analysis showed how CloudKitchens (and competitor Reef) snapped up properties across the US.

Persons: Travis, Kalanick, Travis Kalanick, Uber, –, fundraise Travis Kalanick Theo Wargo, CloudKitchens, John Curran, they're, Sawyer, Meghan Morris Organizations: Microsoft, Morning, Storage Systems, CSS, Investors, Uber, Financial, City Storage Systems, Wall Street, Amazon, CIA, Otter Locations: Los Angeles, Saudi, Miami

☆ Factbox: Subway to sell itself to Roark Capital
▼ + stars: | 2023-08-24 | by ( ) www.reuters.com time to read: +4 min

REUTERS/Thomas White/Illustration/File Photo Acquire Licensing RightsAug 24 (Reuters) - Roark Capital snapped up Subway in a $9.55 billion deal, sources said on Thursday, after it outbid several private-equity groups. The pair then started franchising Subway restaurants, with the first outlet outside of Connecticut being opened in Massachusetts a year later. For 2022, Subway posted a 9.2% year-over-year increase in same-store sales, thanks to its "Subway Series" menu - a lineup of 12 new signature sandwiches. In March, Goldman Sachs' (GS.N) asset management arm, PE firms Bain Capital, TPG, TDR Capital, Advent International and Roark Capital emerged among the list of suitors for the sandwich chain. Reuters reported earlier this week, citing sources that Roark Capital was in the lead to acquire the chain for well over $9 billion after attaching conditions to some of the windfall the two families that own it would get.

Persons: Thomas White, Roark Capital, Fred DeLuca, Peter Buck, DeLuca, Buck, Arby's, Quiznos, Burger, Jared Fogle, Chidsey, John Chidsey, Morgan, Goldman Sachs, Roark, Deborah Sophia, Granth Vanaik, Varun, Anil D'Silva Organizations: REUTERS, Subway, KFC, Bain Capital, TPG, TDR, Advent International, Roark Capital, Reuters, Thomson Locations: Bridgeport , Connecticut, Connecticut, Massachusetts, Bahrain, Subway, United States, Burger, U.S, North America, Bengaluru

☆ Subway is being sold to a massive private-equity firm, finally moving the sandwich chain away from family ownership after nearly 60 years
▼ + stars: | 2023-08-24 | by ( Grace Dean | ) www.businessinsider.com time to read: +3 min

Roark's brands include Arby's, Dunkin', Buffalo Wild Wings, and rival sub store Jimmy John's. Subway is in the midst of a huge rebrand after suffering from a sales slump. Through Inspire Brands, it also owns another sub chain — Jimmy John's — which has more than 2,600 stores. AdvertisementAdvertisementSince the first Subway store opened in 1965, the company has been owned by its two founders, Fred DeLuca and Peter Buck, and their families. The sandwich chain announced last month that it had achieved 10 consecutive quarters of positive sales, including recording its highest weekly average unit volume in North America in the second quarter of 2023.

Persons: Dunkin, Jimmy John's, John Chidsey, Fred DeLuca, Peter Buck, It's Organizations: Roark, Arby's, Buffalo Wild Wings, Service, Roark Capital, Subway, Inspire Brands Locations: Wall, Silicon, North America

☆ Subway has sold itself to a private equity firm
▼ + stars: | 2023-08-24 | by ( Jordan Valinsky | ) edition.cnn.com time to read: +3 min

New York CNN —Subway has sold itself to private equity firm Roark Capital, ending a six-month long search for a buyer. “This transaction reflects Subway’s long-term growth potential, and the substantial value of our brand and our franchisees around the world,” Subway CEO John Chidsey said in a statement. However, the Wall Street Journal reported the purchase price was “around $9.6 billion,” which would be slightly below the chain’s $10 billion asking price. Despite the sales turnaround, the number of US Subway stores declined to 20,576 last year according to Technomic. Another issue for Roark: Yearly sales at Subway US restaurants are still much lower compared to its sandwich-making rivals.

Persons: Roark Capital, ” Roark, Auntie Anne’s, Carvel, John Chidsey, Roark, Roark’s, Dunkin ’, Jimmy John’s, “ Roark, ”, Neil Saunders, GlobalData, ” Saunders, Trevor Haynes, He’s, Douglas Fry Organizations: New, New York CNN — Subway, Roark, Subway, Buffalo Wild Wings, Sonic, ” Subway, “, Wall Street Journal, ”, Inspire Brands, Inspire, US Subway, QSR Magazine, Jersey, Subway’s North Locations: New York, North America, Subway, Subway’s North America, Canada

☆ ‘And Just Like That …’ Samantha Came and Went
▼ + stars: | 2023-08-24 | by ( Alexis Soloski | More About Alexis Soloski | ) www.nytimes.com time to read: +2 min

Samantha then asks to be put on speaker phone to pay her respects to the place. The call ends with Samantha still 3,500 miles away. Throughout the seasons, men and bistros came and went, most often within a single 22-minute episode. Each of the characters had an archetype to inhabit: flighty Carrie, career-minded Miranda, marriage-minded Charlotte, libertine Samantha. Samantha was a caricature of licentiousness, but Cattrall’s enthusiasm for the role — the husky voice, the double-dare-you smile, the symphony of sex noises — made her irreplaceable.

Persons: Carrie, Carrie’s, Samantha, Aidan —, John Corbett, —, bistros, Miranda, Charlotte, Cattrall, Patricia Field Organizations: City Locations: London, New York

☆ Subway sandwich chain sells itself to Dunkin' owner Roark Capital
▼ + stars: | 2023-08-24 | by ( Amelia Lucas | ) www.cnbc.com time to read: +3 min

In this photo illustration, a Subway meal is seen on a table at a Subway restaurant on January 12, 2023 in Austin, Texas. Roark Capital is buying Subway, ending the sandwich chain's more than five decades of family ownership and marking a new era for the struggling company. Subway dwarfs all of them by number of restaurants, and brings in more annual sales than all but Dunkin'. Through holding company Inspire Brands, Roark owns Dunkin', Baskin-Robbins, Sonic, Arby's, Buffalo Wild Wings and Jimmy John's. Roark plans to keep Subway as a separate entity within its portfolio, Subway CEO John Chidsey told the Journal.

Persons: Roark, Dunkin, Robbins, Jimmy John's, Anne's, Carvel, Neil Saunders, John Chidsey, Chidsey, Fred DeLuca, Peter Buck, Jared Fogle, DeLuca, Buck Organizations: Roark Capital, Subway, TDR, Sycamore Partners, Wall Street, Inspire Brands, Baskin, Buffalo Wild Wings, Focus Brands, Journal ., Business Locations: Austin , Texas, Cinnabon, Connecticut, U.S

With outstretched arms, dancers skimmed across the sand like gliding birds, soundless against the pressing wind and somehow soaring without actual wings. Surveying the shoreline of Rockaway Beach on a recent morning, Patricia Lent, from the Merce Cunningham Trust, was elated. “This is a dream come true,” she said, adding: “It’s someone else’s dream — but it is a dream come true.”Cunningham’s “Beach Birds” has finally made its way to the beach. An adaptation of this 1991 dance is part of this year’s Beach Sessions Dance Series, at Rockaway Beach on Saturday. Staged by Lent and Rashaun Mitchell — both former company members and trustees — “Beach Birds” comes to life in a setting where the sand, the sea and real birds create, along with 11 dancers, a humming summer landscape.

Persons: Patricia Lent, Merce Cunningham, Lent, Rashaun Mitchell —, —, Cunningham, John Cage Organizations: Merce Cunningham Trust Locations: Rockaway

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