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☆ Costco may start requiring members to scan ID to enter US warehouses
▼ + stars: | 2024-01-10 | by ( Dominick Reuter | ) www.businessinsider.com time to read: +3 min

On Sunday, shoppers spotted a digital ID scanning station at the front door of a Costco warehouse near the company's corporate headquarters in Issaquah, Washington. This story is available exclusively to Business Insider subscribers. Business Insider confirmed the location with the Reddit user who took a photo of the setup. A Costco employee scans a shopper's ID at the entrance to the company's warehouse in Issaquah, Washington. Responses will be kept confidential, and Business Insider strongly recommends using a personal email and a non-work device when reaching out.

Persons: —, Reddit, Richard Galanti, Dominick Organizations: Service, Shoppers, Business, Costco, Wall Locations: Issaquah , Washington, California, Texas, Issaquah, Reddit

☆ Washington sports teams Capitals, Wizards to move to new Virginia complex in 2028
▼ + stars: | 2023-12-13 | by ( Drew Richardson | ) www.cnbc.com time to read: +1 min

watch nowThe National Hockey League's Washington Capitals and the National Basketball Association's Washington Wizards are slated to move to Alexandria, Virginia, as part of a $2 billion entertainment complex effort, the state's Gov. The development, about 8 miles south of Washington, D.C., will house the new global headquarters for Monumental Sports & Entertainment, which owns the Capitals and Wizards, as well as the new home arena for the teams. Glenn Youngkin answers questions following the announcement of a new sports arena for the Washington Wizards NBA basketball team and Washington Capitals NHL hockey team, December 13, 2023 in Alexandria, Virginia. Win Mcnamee | Getty Images News | Getty Images"This is the most visionary sports and entertainment development in the world. Legislators will have to greenlight the creation of the complex in the next Virginia General Assembly session.

Persons: Glenn Youngkin, Win Mcnamee, Youngkin Organizations: Hockey League's Washington Capitals, National Basketball, Washington Wizards, Washington , D.C, Monumental Sports & Entertainment, Capitals, Wizards, Virginia Gov, Washington Wizards NBA, Washington Capitals NHL, Getty, Virginia General Locations: Alexandria , Virginia, Washington ,, Commonwealth, Virginia

☆ Explore the Chick-fil-A corporate headquarters in Atlanta, Georgia surrounded by 73 wooded acres
▼ + stars: | 2023-11-24 | by ( Nancy Luna | ) www.businessinsider.com time to read: +3 min

Chick-fil-A's headquarters is known as the Chick-fil-A Support Center. The company's headquarters, or Chick-fil-A Support Center, is located at 5200 Buffington Road in Atlanta, Georgia. The corporate campus, established in 1984, has an on-site cafeteria, training center, test kitchen, wellness center, nature trails, and is surrounded by 73 wooded acres, according to the chain's website. With the $10 Classic tour, visitors learn the history of the company and its founder S. Truett Cathy. Chick-fil-AThe company also mentors high school students at its support center through a program called Beyond School Walls.

Persons: —, Cathy, Andrew Cathy, Truett Cathy, Dan Cathy, Andrew, Chick Organizations: Service, Car Museum Locations: Atlanta, Georgia, Atlanta , Georgia

The logo of NVIDIA as seen at its corporate headquarters in Santa Clara, California, in May of 2022. The company was set to erase more than $40 billion in market capitalization if losses hold, based on its current share price of $482.20. Nvidia, which has been at the forefront of artificial intelligence developments with its tailor-made graphics processing units, said its China business will take a hit from tighter export controls. Still, it forecast current-quarter revenue of $20 billion, plus or minus 2%, beating analysts' average estimate by more than $2 billion, according to LSEG data. "This disconnect between stellar earnings and an uncertain future in China is causing investor concern," said Scott Acheychek, CEO of REX Shares, which offers a fund linked to Nvidia shares.

Persons: Scott Acheychek, Nvidia's, Kyle Rodda, NVDA, Stifel, Arsheeya Bajwa, Chavi Mehta, Arun Koyyur Organizations: NVIDIA, Handout, REUTERS Acquire, Nvidia, REX, Thomson Locations: Santa Clara , California, China, Bengaluru

☆ Target might limit you to just 10 items at self-checkout registers
▼ + stars: | 2023-11-22 | by ( Alex Bitter | ) www.businessinsider.com time to read: +3 min

Target is testing a 10-item limit at some self-checkout kiosks. AdvertisementShoppers who use some Target self-checkouts now have to limit themselves to 10 items or fewer. "In select stores we are testing self-checkout lanes of 10 items or fewer in order to reduce wait times and better understand guest preferences," Target told Business Insider. The retailer did not say how many stores are involved in the experiment, but CNN reports that the limit applies at select self-checkout kiosks "at a handful of stores." Do you have a story idea about Target or self-checkout to share?

Persons: —, Target Organizations: Service, Target, CNN, Star Tribune, Costco, Walmart Locations: Minnesota, Edina , Minnesota, Minneapolis, Albuquerque , New Mexico

☆ Morning Bid: Nvidia shares take bumpy ride after hours
▼ + stars: | 2023-11-22 | by ( ) www.reuters.com time to read: +3 min

The logo of NVIDIA as seen at its corporate headquarters in Santa Clara, California, in May of 2022. Courtesy NVIDIA/Handout via REUTERS/File Photo Acquire Licensing RightsA look at the day ahead in European and global markets from Wayne Cole. The early focus was on Nvidia (NVDA.O), which in AI tech terms is the only company selling shovels during a gold rush. Volumes were so large and orders so backlogged that the price was - unusually - still moving erratically hours into the Asian day. A Reuters poll showed 10 of 19 economists looked for a rise, while market pricing is leaning against a move.

Persons: Wayne Cole, Changpeng Zhao, Zhao, didn't, Hunt, ECB's Centeno, Elderson, Mester, Macklem, Edmund Klamann Organizations: NVIDIA, Handout, REUTERS, Nvidia, Treasury, Fed Bank of Cleveland, Bank of Canada, Thomson Locations: Santa Clara , California, Wayne, China, Sweden's

☆ Morning Bid: Nvidia takes the stage as equity rally pauses
▼ + stars: | 2023-11-21 | by ( Lewis Krauskopf | ) www.reuters.com time to read: +3 min

The logo of NVIDIA as seen at its corporate headquarters in Santa Clara, California, in May of 2022. Courtesy NVIDIA/Handout via REUTERS/File Photo Acquire Licensing RightsNov 22 (Reuters) - A look at the day ahead in Asian markets from Lewis Krauskopf, markets correspondent. A rally in stocks took a breather ahead of Wednesday's session in Asia as U.S. investors mostly shrugged off minutes from the Federal Reserve's latest meeting. Still, major U.S. equity indexes ended lower on the day. Its shares have been one of the Magnificent Seven megacap stocks whose massive gains have propelled equity indexes higher this year, with Nvidia hitting a record high this week ahead of its results.

Persons: Lewis Krauskopf Organizations: NVIDIA, Handout, REUTERS, Federal, U.S, Fed, Nasdaq, Nvidia, Japan's Nikkei, greenback, Thomson, Reuters Locations: Santa Clara , California, Lewis, Asia, U.S, Shanghai, Singapore, Taiwan

Killing an all-but-completed movie would alienate the people Zaslav — or at least Hollywood — needed most: the people who made the movies. Under fire, Zaslav defended the decision in an earnings call with analysts, saying he shelved “Batgirl” to protect the DC brand. More quietly, Zaslav also sought cover in the authority of Bryan Lourd, the powerful co-chairman of Creative Artists Agency and a leading arbiter of Hollywood mores. As Zaslav told it to several associates, Lourd had supported the decision, observing that it wasn’t in the interest of C.A.A. “We have made unpopular decisions because they were necessary.”Hollywood was in trouble before David Zaslav came to town.

Persons: Zaslav, Wiedenfels, Batgirl ”, Michael Keaton, ”, Adil El Arbi, Bilall Fallah, Walter Hamada, Courtenay Valenti, Bryan Lourd, Lourd, Leslie Grace, “ Bryan Lourd, ’ ”, David Zaslav, “ Organizations: DC Comics, Hollywood, DC, Warner Brothers, Creative Artists Agency, Discovery, McKinsey, W.B.D Locations: Scotland, New York, Hollywood, W.B.D

REUTERS/Chris Helgren Acquire Licensing RightsNov 13 (Reuters) - Canada's Sun Life Financial (SLF.TO) on Monday reported better-than-expected quarterly profits, helped by growth at its wealth and asset management unit and higher fees. The insurer, however, reported a fall in underlying earnings hurt by weakness in the United States and fewer sales of personal health insurance. "The dental business reported middling results this quarter... short-term volatility is a part of this business, from a long-term perspective, the investment should be positive," Morningstar analyst Suryansh Sharma said. Sun Life said underlying earnings from its U.S. segment were down 19%. Underlying net income from wealth and asset management rose 9% to C$457 million.

Persons: Chris Helgren, Sunlife, Suryansh Sharma, Pritam Biswas, Shilpi Majumdar, Shounak Dasgupta, Lincoln Organizations: Sun, REUTERS, Morningstar, DentaQuest, Thomson Locations: Toronto , Ontario, Canada, United States, DentaQuest, U.S, Asia, Bengaluru

A view of the exterior of the JP Morgan Chase & Co. corporate headquarters in New York City May 20, 2015. "We need to build a funding model for green tech companies," Chuka Umunna, JP Morgan's (JPM.N) head of EMEA ESG and green economy investment banking, told the Reuters Energy Transition Europe 2023 event in London. This was partly because of the capital requirements for some green tech firms in early stages of development, he said. Investment into green tech was also being stymied by bureaucracy, including delays to permitting for the infrastructure needed for renewable energy and other projects. Umunna also said a shift to a greener, lower-carbon economy offered up a huge opportunity for banks such as JP Morgan.

Persons: Morgan Chase, Mike Segar, Morgan, Umunna, JP Morgan's, JP Morgan, Simon Jessop, Tommy Reggiori Wilkes, David Goodman, Alexander Smith Organizations: Co, New York City, REUTERS, EMEA, Reuters, Capital, British, Investment, Thomson Locations: New York, London, Europe

☆ The wildest moments of WeWork’s rise
▼ + stars: | 2023-11-11 | by ( Catherine Thorbecke | ) edition.cnn.com time to read: +8 min

And many early WeWork employees, who worked at lower salaries because they were given stock options, ended up with nothing. WeWork’s wild rise and fall is the latest high-profile incident to shatter that myth. Here is a look at four of the wildest moments from WeWork’s rise, according to the company’s statements and a best-seller about the company. (Part of WeWork’s push to appeal to millennials included free-flowing beer and open bars set up within its coworking outposts.) That pre-IPO paperworkThe beginning of the end can perhaps be traced back to WeWork’s first attempt to go public back in 2019.

Persons: New York CNN — WeWork, Adam Neumann’s, Neumann, Son, Adam Neumann, Kelly Sullivan, Eliot Brown, Maureen Farrell, millennials, Darryl McDaniels, Mike Segar, ”, Rebekah, WeWork, Caitlin Ochs, WeWork’s, Neuman, Mark Lennihan, “, Tolga Akmen Organizations: New, New York CNN, WeWork, San Francisco, of Fine Arts, Gulfstream G650, Wall Street Journal, Bloomberg, Getty, Nasdaq, City of Locations: New York, San, San Francisco , California, Israel, Manhattan , New York, WeGrow, WeLive, New York City, U.S, City, City of London, AFP

☆ IPO laggards’ race to the bottom misses the target
▼ + stars: | 2023-11-10 | by ( Lisa Jucca | ) www.reuters.com time to read: +5 min

A view shows the Milan stock exchange building, as stocks slid in the first hours of trading after fears that the collapse of Silicon Valley Bank could trigger a broader financial crisis, in Milan, Italy, March 13, 2023. REUTERS/Claudia Greco Acquire Licensing RightsMILAN, Nov 10 (Reuters Breakingviews) - Italy is scrambling to make its stock market more attractive. Over the past few years, some prominent companies have moved their listing venue abroad. Companies rushing to list in the Netherlands are no doubt attracted by its lax approach to companies with dual voting share classes. Doubts over the sustainability of Rome’s high public debt push up listed companies’ cost of capital, depressing their valuations and making the stock market less appealing.

Persons: Claudia Greco, Giorgia, Rishi, Agnelli, Neil Unmack, Oliver Taslic Organizations: REUTERS, Reuters, Ministry, Companies, Reuters Graphics Reuters, Financial, Thomson Locations: Milan, Silicon, Italy, Amsterdam, New York, Paris, Italian, Netherlands, Britain, United States, London

☆ U.S. investors rebuff big oil climate shareholder resolutions
▼ + stars: | 2023-11-06 | by ( ) www.reuters.com time to read: +2 min

Netherlands-based activist group Follow This was created first to target Shell (SHEL.L) and subsequently expanded to file climate resolutions at other western majors including BP (BP.L), Exxon Mobil (XOM.N), Chevron (CVX.N) and TotalEnergies (TTEF.PA). According to the data published by it and investors, giant U.S. investors BlackRock (BLK.N), Vanguard, State Street (STT.N) and JPMorgan (JPM.N) all voted against the Follow This resolutions this year. "Investors hold the key to tackling the climate crisis with their shareholder voting power at Big Oil. Amundi, Allianz, and UBS use their voting power to mitigate the climate crisis,” said Follow This founder Mark van Baal. This mirrors big shareholder proxy voting firm Glass Lewis and ISS, which changed some of their recommendations for this year to the detriment of Follow This, including withdrawing support for the activist resolution at Chevron.

Persons: Morgan Chase, Mike Segar, France's, ”, Mark van Baal, Glass Lewis, Shadia Nasralla, Jan Harvey Organizations: Co, New York City, REUTERS, Companies Allianz, Big U.S, Shell, BP, Exxon Mobil, Chevron, BlackRock, Vanguard, State, JPMorgan, Paris, Britain's HSBC, HSBA.L, UBS, Germany's Allianz, Big Oil, Amundi, Allianz, Britain's, General, Exxon, ISS, Thomson Locations: New York, Big, Paris, Netherlands, Chevron's

Most Americans still have to commute every day. Jenn Ackerman for The New York TimesLike a majority of Americans, Ms. Hargreaves was unable to do her work at home. Source: American Community Survey Note: Average commute length for 2020 is not included. The average commute distance changed much less, an indication that commuters are driving faster — but also, more people are driving. “A lot of our choice riders, we're still working to influence them to re-choose transit,” Ms. Tucker said.

Persons: Torie Hargreaves, Jenn Ackerman, Hargreaves, Ms, That’s, Andrea Villanueva, Villanueva, The New York Times “, ” Christopher Wiese, Dr, Wiese, “ There’s, ”, Patricia Mokhtarian, John Goodwin, Rosalind Tucker, we're, Tucker, Aimee Lee, Lee Organizations: Atlanta Washington San, Mo . Chicago Minneapolis New, Mo . Chicago Minneapolis New York City Los Angeles Philadelphia Columbus Denver, The New York Times, Atlanta Austin Boston Charlotte Chicago Columbus Dallas Denver Detroit Houston Kansas City Los Angeles Miami, Atlanta Austin Boston Charlotte Chicago Columbus Dallas Denver Detroit Houston Kansas City Los Angeles Miami Minneapolis Nashville New York, Atlanta Austin Boston Charlotte Chicago Columbus Dallas Denver Detroit Houston Kansas City Los Angeles Miami Minneapolis Nashville New York City Philadelphia San, Atlanta Austin Boston Charlotte Chicago Columbus Dallas Denver Detroit Houston Kansas City Los Angeles Miami Minneapolis Nashville New York City Philadelphia San Francisco Seattle Washington Midnight, Georgia Institute of Technology, Census, New York City –, Philadelphia –, Angeles –, Francisco –, Boston –, Seattle –, Chicago –, Denver –, Kansas City –, Miami –, Houston –, Minneapolis –, Washington –, Austin –, Dallas –, Atlanta –, Charlotte –, Columbus –, Nashville –, Detroit –, BART, area’s Metropolitan Transportation Commission, Labor Department, Atlanta Regional Commission, Lifeline, Chicago Metropolitan Agency for Planning, Regional Transit Authority, % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % Locations: Atlanta Washington San Francisco Boston Kansas City, Mo . Chicago Minneapolis, Mo . Chicago Minneapolis New York, Minneapolis, postpandemic, Atlanta, Atlanta Austin Boston Charlotte Chicago Columbus Dallas Denver Detroit Houston Kansas City Los Angeles Miami Minneapolis, Atlanta Austin Boston Charlotte Chicago Columbus Dallas Denver Detroit Houston Kansas City Los Angeles Miami Minneapolis Nashville New York City, Atlanta Austin Boston Charlotte Chicago Columbus Dallas Denver Detroit Houston Kansas City Los Angeles Miami Minneapolis Nashville New York City Philadelphia San Francisco Seattle, South Minneapolis, North Minneapolis, Boston, Chicago , Kansas City, San Francisco, Washington, New York, Francisco, area’s

☆ Elon Musk told Joe Rogan he bought Twitter to stop 'extinctionist' mind virus
▼ + stars: | 2023-11-02 | by ( Rohan Goswami | In Rohangoswamicnbc | ) www.cnbc.com time to read: +3 min

Elon Musk bought Twitter to save it from the "mind virus," a phrase he has used to refer to so-called "woke" or left-wing thinking, the billionaire CEO of Tesla and SpaceX said in a podcast appearance with Joe Rogan. And the outcome of that mind virus is very clear if you walk around the streets of downtown San Francisco." Rogan compared that "mind virus" to "a death cult." In December, Musk wrote on X, formerly known as Twitter, that the "woke mind virus is either defeated or nothing else matters." Earlier in 2022, Musk wrote that "there needs to be a counter-narrative" to woke thinking that Musk claimed had "thoroughly penetrated entertainment."

Persons: Elon Musk, Joe Rogan, Musk, Rogan, hadn't, " Rogan, It's, Tesla, Austin Organizations: Tesla Inc, AI, Bletchley, SpaceX, Twitter Locations: Bletchley, UK, San Francisco, Delaware, Palo Alto , California, Austin , Texas, California, Palo Alto, Texas

☆ Walmart is at work on a new degree-free message about getting hired at its corporate headquarters
▼ + stars: | 2023-11-01 | by ( Bob Woods | ) www.cnbc.com time to read: +10 min

"In prior years, people would pursue a cybersecurity college degree," Stomski said. At the same time, Wildavsky stressed that being dismissive about the value of a college degree is a mistake. "This is not about getting rid of college degrees," Stomski said, and she added that many of Walmart's corporate jobs will still require them. Examples of Walmart corporate roles that will not require college degrees including positions in operations and merchandising, but Stomski declined to be more specific. In August 2022, Walmart began eliminating around 200 corporate jobs as part of a restructuring effort amid a more challenging economic environment.

Persons: Terra, Stomski, We're, Lorraine Stomski, Julie Gehrki, Ben Wildavsky, Wildavsky, it's, —, OpenAI, We've, Colleen Ammerman, Walmart's Organizations: Walmart, Walmart Inc, Terra Fondriest, Bloomberg, Getty, Target, Southern New Hampshire University, University of Arizona, University of Denver, Google, IBM, Tesla, GM, Accenture, University of Virginia, College, Marines, LinkedIn, Harvard Business School Locations: Bentonville , Arkansas, workforces, U.S, Minnesota

The logo of NVIDIA as seen at its corporate headquarters in Santa Clara, California, in May of 2022. Nvidia's stock fell to as low as $392.30, down 4.7%, to the lowest level since mid-June. "The stock is getting oversold," said Tom Plumb, chief executive and lead portfolio manager at Plumb Funds, which has Nvidia as one of its largest holdings. "Previously, Nvidia has said this is not going to have a short-term impact but it's more in the long term. "These new export controls will not have a meaningful impact in the near term," the Nvidia spokesperson said in a statement.

Persons: Tom Plumb, Plumb, Biden, Thomas Hayes, Chibuike Oguh, Stephen Nellis, Amruta, Lance Tupper, Jonathan Oatis Organizations: NVIDIA, Handout, REUTERS, Nvidia Corp, Nvidia, Alibaba, HK, Baidu, U.S . Commerce Department, Wall, Nasdaq, Plumb Funds, Beijing, Great, Thomson Locations: Santa Clara , California, China, U.S, Iran, Russia, New York, San Francisco, Bengaluru

☆ L.L. Bean closes headquarters, stores and factories in Maine after mass shooting
▼ + stars: | 2023-10-26 | by ( Matt Egan | ) edition.cnn.com time to read: +3 min

Bean spokesperson Amanda Hannah said the company’s large campus of four stores in Freeport as well as its corporate headquarters in that town will be closed on Thursday. Bean,” the company spokesperson said. Camden National Bank and Bangor Savings Bank posted notices on their websites Thursday morning announcing multiple bank branches will be shut on Thursday. “We are shocked and deeply saddened by the horrific mass shooting in Lewiston, Maine. We mourn the loss of loved ones, friends and neighbors in Lewiston,” the bank spokesperson said.

Persons: CNN —, Bean, L.L, Amanda Hannah, . Bean, Hannaford, ” Hannaford, Allagash, ” Allagash Organizations: CNN, Hannaford, Facebook, Lewiston ., Lewiston . Camden National Bank, Bangor Savings Bank, . Camden National, Bangor Savings, ”, Bank Locations: Maine, Freeport, Lewiston, Brunswick, Lewiston . Camden, Bangor, Lewiston , Auburn, Topsham, Richmond, Bath, ”, Lewiston , Maine, Maine’s, Portland, ” “ Maine

Nvidia and AMD could sell PC chips as soon as 2025, one of the people familiar with the matter said. Nvidia and AMD would join Qualcomm (QCOM.O), which has been making Arm-based chips for laptops since 2016. Nvidia spokesperson Ken Brown, AMD spokesperson Brandi Marina, Arm spokesperson Kristen Ray and Microsoft spokesperson Pete Wootton all declined to comment. Executives at Microsoft have observed how efficient Apple’s Arm-based chips are, including with AI processing, and desire to attain similar performance, one of the sources said. AMD's entry into the Arm-based PC market was earlier reported by chip-focused publication SemiAccurate.

Persons: Intel’s, Ken Brown, Brandi Marina, Kristen Ray, Pete Wootton, ”, Jay Goldberg, Will Moss, Stephen Nellis, Max A, Kenneth Li, Josie Kao Organizations: NVIDIA, Handout, REUTERS, Nvidia, Arm Holdings, Reuters, Windows, Apple, IDC, Devices, AMD, Qualcomm, Microsoft, Intel, D2D, Software, Thomson Locations: Santa Clara , California, San Francisco

☆ Elon Musk and his kids with Grimes have strong ties to California, singer argues to get his Texas child custody case tossed
▼ + stars: | 2023-10-12 | by ( Jack Newsham | Grace Kay | ) www.businessinsider.com time to read: +5 min

Claire Boucher, better known as Grimes, asked a Texas judge to throw out Elon Musk's custody case. The musical artist Grimes has asked a Texas judge to throw out Elon Musk 's child-custody lawsuit filed last month, saying the case belongs in California, not Austin. In Musk's lawsuit , he claimed they lived together in Texas as recently as July 2023. He splits his time between six companies — with his private jets sometimes making multiple trips between Texas and California within a week. The lawsuit isn't the first sign of conflict between Musk and Grimes.

Persons: Claire Boucher, Grimes, Elon, —, Elon Musk, Tesla, Musk didn't, didn't, Chrisopher Melcher, Walzer Melcher, Melcher, Musk, Musk's, Walter Isaacson, Tesla's Austin gigafactory, Shivon Zilis Organizations: Service, SpaceX, Montessori, Twitter Locations: Texas, California, Austin, Los Angeles, Tesla's, San Francisco, Hawthorne , California, Boca Chica , Texas

When her husband, a UPS truck driver, nearly died from heatstroke, Theresa Klenk stepped in to help workers negotiate for air conditioning in all UPS trucks. At the time, she said, no UPS drivers wanted to speak up about the increasingly brutal conditions for fear of being reprimanded. According to UPS, drivers stop on average every three minutes — barely enough time for air-conditioning to make a dent. This year’s record heat caused dozens of deaths, filled some hospitals to pandemic levels and prompted government warnings about avoiding extended exposure to heat. It was a bittersweet victory for Jim and Theresa Klenk.

Persons: Jim Klenk, Klenk, Theresa Klenk, hadn’t, Jim, Theresa, Jim didn’t, ”, Zoe Todd, Jim’s, Joe Raedle, Jordan Barab, “, Michael Dwyer, Memphis , Tennessee —, Theresa said, didn’t, weren’t, ” Theresa, Mike Blake, Sean O’Brien, doesn’t, ” — CNN’s Clare Duffy Organizations: New, New York CNN, UPS, Teamsters, “, CNN, Occupational Safety, Health Administration, OSHA, US Chamber of, Bureau of Labor Statistics, US Postal Service, FedEx, Amazon, Kroger, Teamster Locations: New York, Freehold , New Jersey, heatstroke, Miami, Texas, Memphis , Tennessee, Atlanta, ”, L.A

☆ NextEra workers roll the dice with big bet on company stock
▼ + stars: | 2023-09-21 | by ( Tim Mclaughlin | ) www.reuters.com time to read: +8 min

America’s largest renewable power company is among several U.S. energy and utility companies, including Exxon and Southern Company, that continue to promote big, concentrated bets on company stock in worker retirement plans. Nearly 50% of the investments in NextEra’s employee-funded 401(k) retirement plan are in company stock, the highest among all 30 companies in the S&P 500 Utilities Sector (.SPLRCU). NextEra declined to comment on its use of company stock in employee 401(k) plans. "If we saw a concentration of more than 20% in a single company stock, we would definitely tell them it's a big risk." `Keith Rasmussen, a retired geologist, said he still feels the financial repercussions of holding big bets on company stock in his retirement plans.

Persons: Robert Knoche, Yoon, NextEra, ”, Alicia Munnell, Kristin McKenna, McKenna, Ryan Frazier, Keith Rasmussen, jolt, Rasmussen, “, ” Rasmussen, Richard Valdmanis, Anna Driver Organizations: REUTERS, Exxon, Southern Company, Corporate America, Enron, Utilities, Vanguard Group, Center for Retirement Research, Boston College, Employees, Silicon Valley Bank, Darrow Wealth Management, SEC, Corporations, U.S . Securities, Exchange Commission, Southern Co, Dominion Energy Inc, Dominion, Chesapeake Energy Corp, Thomson Locations: Douglas County , Kansas, U.S, Silicon, Boston, Atlanta , Georgia

"Potentially, that means between 48 and 96 aircraft being taken out of service whilst airlines arrange for the parts to be removed," Reeve added. They asked the High Court on Tuesday to order AOG and Zamora Yrala to preserve relevant documents and to disclose sales documents relating to CF6 and CFM56 engines since February 2015. "Everybody now knows that AOG parts are not necessarily to be taken to be the claimants' parts," he said. The CFM56 jet engine powers the previous generation of Boeing 737s and about half of the previous generation of Airbus A320s. Britain's Civil Aviation Authority said in August it was "investigating the supply of a large number of suspect unapproved parts" through London-based AOG Technics.

Persons: Alwyn Scott, Matthew Reeve, Safran, AOG Technics, Reeve, Jose Zamora Yrala, AOG, Zamora, Zamora Yrala, Tom Cleaver, Sam Tobin, Tim Hepher, Tomasz Janowski Organizations: General, Co, REUTERS, Jet, CFM, General Electric, London's, Court, GE, Britain's Civil Aviation Authority, Boeing, Airbus, European Union Aviation Safety Agency, Bloomberg, Thomson Locations: Boston , Massachusetts, U.S, British, London, AOG

A view of the exterior of the Citibank corporate headquarters in New York, New York, U.S. May 20, 2015. Technology staff working on overlapping functions are also at risk of being laid off, one of the people said. "Simplifying the organization will also advance the execution of Citi's transformation, the firm's top priority," the company said in a statement on Wednesday. Citigroup has invested heavily in recent years in technology systems to increase risk controls and compliance to address the consent order, one of the sources said. But the company still employs many people with overlapping functions and redundant technology systems, one of the sources said.

Persons: Mike Segar, Jane Fraser, Moody's, Peter Nerby, Fraser, Tatiana Bautzer, Saeed Azhar, Lananh Nguyen, Leslie Adler Organizations: Citibank, REUTERS, Citigroup, Technology, Citi, Bank of America, Wells, Thomson Locations: New York , New York, U.S, North America

☆ J.P.Morgan expects no further Fed interest rate hikes this cycle
▼ + stars: | 2023-09-13 | by ( ) www.reuters.com time to read: +1 min

A view of the exterior of the JP Morgan Chase & Co. corporate headquarters in New York City May 20, 2015. REUTERS/Mike Segar/File Photo Acquire Licensing RightsSept 13 (Reuters) - J.P.Morgan Asset Management said on Wednesday it expects no further interest rate hikes from the U.S. Federal Reserve in this cycle, after crucial inflation data appeared to remain on its downward path. "Despite still rising oil prices in early September, we expect the impact of oil price spikes on CPI to be limited," J.P.Morgan's Chief Global Strategist David Kelly said in a note. "We still believe that, barring some further shock, year-over-year headline consumption deflator inflation will be below the Fed's 2% target by the fourth quarter of 2024." Reporting by Reshma Rockie George in Bengaluru; Editing by Shounak DasguptaOur Standards: The Thomson Reuters Trust Principles.

Persons: Morgan Chase, Mike Segar, David Kelly, Reshma Rockie, Shounak Dasgupta Organizations: Co, New York City, REUTERS, J.P.Morgan, Management, U.S . Federal Reserve, Thomson Locations: New York, U.S, Reshma Rockie George, Bengaluru

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