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☆ $2 Billion Default Followed Warnings to Everyone but Investors
▼ + stars: | 2023-07-28 | by ( Alexander Gladstone | ) www.wsj.com time to read: 1 min

This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/articles/2-billion-default-followed-warnings-to-everyone-but-investors-fbf13873

Persons: Dow Jones, fbf13873

This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/articles/trucker-yellow-prepares-to-file-for-bankruptcy-as-customers-flee-281151a6

Persons: Dow Jones, 281151a6

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Organizations: Wall Street

☆ AMC Entertainment Shares Soar After Judge Blocks Equity Transactions
▼ + stars: | 2023-07-21 | by ( Alexander Gladstone | ) www.wsj.com time to read: 1 min

Organizations: Wall Street

This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/articles/paramounts-parent-company-in-talks-with-creditors-after-disclosing-financial-risks-48c66390

Persons: Dow Jones

☆ In his new spotlight, the Belarusian leader could gain leverage.
▼ + stars: | 2023-07-06 | by ( Matthew Mpoke Bigg | More About Matthew Mpoke Bigg | ) www.nytimes.com time to read: +1 min

A stray remark by President Alexander G. Lukashenko of Belarus neatly encapsulated the imbalance in his relationship with President Vladimir V. Putin of Russia in recent years. As the cameras rolled, Mr. Putin thanked him in February for traveling to Moscow for a meeting. But the brief mutiny in Russia last month led by the mercenary leader Yevgeny V. Prigozhin has also given Mr. Lukashenko — at least temporarily — an opening to upend the relationship. In the aftermath, the Belarusian leader has positioned himself as the mediator, stepping into help bring an end to the armed rebellion. He again gloried in the spotlight on Thursday, as the purveyor of information about the whereabouts of Mr. Prigozhin.

Persons: Alexander G, Lukashenko, Vladimir V, Putin, ”, Yevgeny V, Prigozhin, Lukashenko —, gloried Locations: Belarus, Russia, Moscow, Belarusian

☆ AMC Fights Meme-Stock Investors in Court
▼ + stars: | 2023-06-30 | by ( Alexander Gladstone | ) www.wsj.com time to read: 1 min

Organizations: Wall Street

☆ Lukashenko's mediation in Kremlin crisis stretches credibility
▼ + stars: | 2023-06-25 | by ( Nathan Hodge | ) edition.cnn.com time to read: +3 min

CNN —Nearly three years ago, Russian President Vladimir Putin stood by Belarusian President Alexander Lukashenko in his hour of need, backing Europe’s longest-running dictator as he faced a wave of street protests. Now Lukashenko appears to have come through for Putin, if we are to believe what the Kremlin and the Belarusian presidential press service tell us. A quick recap: A major crisis shook the foundations of the Russian state Saturday, as forces loyal to Wagner mercenary boss Yevgeny Prigozhin marched toward Moscow. And the Kremlin and Belarusian account of Lukashenko’s mediation appear to stretch credibility. And it was his personal proposal, which was agreed with President Putin.

Persons: Vladimir Putin, Alexander Lukashenko, Europe’s, Lukashenko, Wagner, Yevgeny Prigozhin, Prigozhin, —, –, Dmitry Peskov, Alexander Grigoryevich, Putin, Peskov, “, what’s, Putin —, Russia —, Delegating Lukashenko, Prigozhin’s Organizations: CNN, Putin, Kremlin Locations: Russian, Moscow, Belarus, Russia, Ukraine, Belarusian, Africa

CNN —Russian President Vladimir Putin is facing the greatest threat to his authority in two decades after Yevgeny Prigozhin, the head of the Wagner paramilitary group and Putin’s former ally, launched an apparent insurrection. Prigozhin has been highly critical of Russia’s military leadership and their handling of the war in Ukraine, but he had always stopped short of criticizing Putin directly. Wagner group also claimed to have seized Russian facilities in a second city, Voronezh, some 600 kilometers (372 miles) to the north of Rostov-on-Don. Alexander Gusev, the governor of the Voronezh region, said the Russian military was engaging in “combat measures” in the area. Stunning escalationSaturday’s dramatic events come off the back of Prigozhin’s very public and months-long feud with Russia’s military leadership.

Persons: Vladimir Putin, Yevgeny Prigozhin, Wagner, Sergei Shoigu, Valery Gerasimov, Prigozhin, Putin, ” Putin, Igor Artamonov, Sergei Sobyanin, Recep Tayyip Erdoğan, “, ”, Don “, ” “, ” Prigozhin, Rostov, Don, Alexander Gusev, Shoigu, –, Gen, Vladimir Alekseev, Sergei Naryshkin, Naryshkin, Ramzan Kadyrov, Vladimir Rogov, Rogov saif, ” Wagner, Stringer, Dmytro Kuleba, Serhii Cherevatyi Organizations: CNN, Prigozhin, Moscow, Terrorism, Security, Russian, RIA Novosti, Kremlin, Russian Southern Military Headquarters, Ministry of Defense, Russian Ministry of Defense, Foreign Intelligence Service, Russian Historical Society, Telegram, Southern Military District, Reuters, Russian Foreign, European Union, US State Department, Britain’s Ministry of Defense, Russian National Guard, Ukrainian, Twitter, Ukrainian Armed Forces Locations: Moscow, Ukraine, Russian, Rostov, Voronezh, Lipetsk, Russia, St . Petersburg, Belarus, Uzbekistan, Kazakhstan, Turkey, Prigozhin’s, Prigozhin, Don, Canada, France, Germany, Italy, Japan, EU

☆ Warren Buffett's TikTok fans devour his advice about stocks, crypto, and simple living. Here are 7 Buffett quotes that are popular on the platform.
▼ + stars: | 2023-06-24 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +3 min

Warren Buffett isn't a TikTok user, but his past comments are popular on the platform. I'm happy in a pair of khakis and a sweater so I don't need fancy clothes. "You don't need to be a genius in what I do. 90% of the people that buy stocks don't think of them in the right way. "The average person will not know enough to know which stocks to buy, they won't know enough to know when to buy it.

Persons: Warren Buffett, Berkshire Hathaway, Here's, Buffett, —, Alexander Graham Bell, I've, that's Organizations: Berkshire, Service Locations: United States, America

☆ McDonald's in Russia is now called 'Tasty & that's it' and Big Macs are Big Hits
▼ + stars: | 2023-06-14 | by ( Lauren Steussy | ) www.businessinsider.com time to read: +3 min

New owners of locations that once housed McDonald's and Starbucks say they got a great deal. In May 2022, McDonald's stopped doing business in Russia, citing the war in Ukraine, and the "unpredictable operating environment." They replaced Big Macs with Big Hits and sold a record 120,000 burgers on the first day in business, the chain's CEO told Reuters at the time. "We have never seen such daily turnover in the whole time McDonald's has worked in Russia," Oleg Paroev told Reuters in June 2022. Starbucks locations in Russia also ceased operations around the same time and became Stars Coffee, a cafe with a familiar green logo of a vaguely seafaring-looking queen.

Persons: —, McDonald's, Krispy Kreme, Oleg Paroev, Maxim, Anton Pinskiy, Timati, Vladimir Putin, Pinskiy, Alexander Govor, Vladimir Organizations: Global, Service, Guardian, Reuters, REUTERS, Tass, Starbucks Locations: Russia, Ukraine, Moscow, Russian

☆ Instant Pot’s Slower Sales Tip Gadget Maker Into Bankruptcy
▼ + stars: | 2023-06-12 | by ( Alexander Gladstone | Jodi Xu Klein | ) www.wsj.com time to read: 1 min

Organizations: Wall Street

☆ U.S. gives Havana embassy a facelift after years of neglect
▼ + stars: | 2023-06-10 | by ( Dave Sherwood | ) www.reuters.com time to read: +7 min

HAVANA, June 10 (Reuters) - When the U.S. embassy in Havana reopened last May to Cubans seeking visas after a nearly five-year hiatus, the once proud 1950s vintage building was in shambles. The State Department imported high-grade stainless steel for its fencing, and granite from a quarry in Vermont for the building's new facade. A view of the U.S. Embassy beside the Anti-Imperialist stage in Havana, Cuba, May 24, 2023. CASTRO THREATENED TO SEIZE BUILDINGUnder former leader Fidel Castro, the jabs and antagonism often went both ways between Cuba and the embassy. U.S. intelligence investigations have since determined it "very unlikely" a foreign adversary was responsible for the illness, and a more robust staff and agenda have returned to Havana, Ziff said.

Persons: Hurricane Irma, Benjamin Ziff, Ziff, Alexandre Meneghini, Alexander Garcia, CASTRO, Fidel Castro, Castro, George W, Bush, Harrison & Abramovitz, Jane Loeffler, Barack Obama, Dave Sherwood, Mario Fuentes, Anett Rios, Daniel Wallis Organizations: U.S, State Department, Reuters, Cuban, The State Department, Ziff, Embassy, REUTERS, Harrison &, United Nations, Thomson Locations: HAVANA, U.S, Havana, Hurricane, of Mexico, Cuba, China, United States, Cuban, Vermont, Florida, New York, Washington, America

☆ Russia's McDonald's replacement says it's serving 2 million customers a day, but diners are divided on whether it's as good as the original
▼ + stars: | 2023-06-07 | by ( Grace Dean | ) www.businessinsider.com time to read: +4 min

Russia's McDonald's replacement, Vkusno & tochka, opened a year ago. The chain can't sell iconic McDonald's items like the Big Mac and has created substitutes instead. Its CEO told Reuters that it has sold more than 24 million "Big Hits," its Big Mac dupe, since opening. Paroev previously said that Vkusno & yochka sold 120,000 burgers on its opening day, which he said was higher than any other day in McDonald's Russia's history. Have you been to Vkusno & tochka?

Persons: Russia's, —, Alexander Govor, tochka, hasn't, Oleg Paroev, Paroev, yochka, Tian Bing, tochka hadn't, tochka's, Ronald McDonald Organizations: Reuters, Service, Mac, China News Service, Getty Locations: Ukraine, Russian, Russia, Moscow

☆ Russia's McDonald's heir growing quickly, in for the long haul
▼ + stars: | 2023-06-06 | by ( Olga Popova | ) www.reuters.com time to read: +2 min

McDonald's Corp (MCD.N) closed its Russian restaurants soon after Moscow sent tens of thousands of troops into Ukraine in February 2022, eventually selling to a local licensee, Alexander Govor. The chain has sold more than 24 million of its Big Mac replacement burgers, the Big Hit, CEO Oleg Paroev said. Hamstrung by agreements with McDonald's, Vkusno & tochka, can not open restaurants in countries where McDonald's already has a presence. Russian authorities and Govor have said McDonald's has an option to buy back its Russia restaurants within 15 years. It would find a market where Vkusno & tochka is the master franchisee should it do so.

Persons: Alexander Govor, Govor, Oleg Paroev, Natalya Fadeeva, Evgenia, I've, McDonald's, Olga Popova, Alexander Marrow, Sharon Singleton Organizations: McDonald's Corp, Reuters, REUTERS, Thomson Locations: Russia, Ukraine MOSCOW, Moscow, Ukraine, Russian, McDonald's, Belarus, Kazakhstan

HIROSHIMA, Japan, May 21 (Reuters) - Potential allied training programmes for Ukrainian pilots on F-16 fighter jets were a message to Russia not to expect to succeed in its invasion of Ukraine even in a prolonged conflict, German Chancellor Olaf Scholz said on Sunday. "The training of the pilots is a longer project," Scholz told reporters before leaving the G7 summit in the Japanese city of Hiroshima. Discussions with Kyiv were ongoing and no Ukrainian pilots were now being trained in France, the official said. The official said training a person from scratch to operate a NATO-made warplane could take as long as four years, while an experienced pilot used to Ukrainian jets would need four to nine months. We are in a counteroffensive stage and this training won't be ready in the coming weeks, but for the long term," the official said.

☆ Russia warns West of 'enormous risks' if Ukraine supplied with F-16 jets
▼ + stars: | 2023-05-20 | by ( Darya Tarasova | ) edition.cnn.com time to read: +2 min

CNN —Russia’s deputy foreign minister has warned Western countries of “enormous risks” if Ukraine is provided with F-16 fighter jets, Russian state media TASS reported Saturday. The comments come after US President Joe Biden gave his backing for Ukrainian pilots to be trained to fly F-16s, reversing his previous position. Responding to the move, Alexander Grushko said: “We see that the Western countries are still adhering to the escalation scenario. In any case, this will be taken into account in all our plans, and we have all the necessary means to achieve the set goals.”Earlier this week, the UK and the Netherlands were reportedly building an “international coalition” to help Ukraine procure F-16 fighter jets. After saying Kyiv did not need the fighter jets earlier this year, US President Joe Biden reversed his objections by signaling to European allies that they would allow F-16 exports to Ukraine.

☆ Russia says supplying F-16 jets to Ukraine would carry 'colossal' risks for West, TASS reports
▼ + stars: | 2023-05-20 | by ( ) www.reuters.com time to read: +1 min

MOSCOW, May 20 (Reuters) - Western countries will run "colossal risks" if they supply Ukraine with F-16 fighter jets, TASS news agency quoted Russian Deputy Foreign Minister Alexander Grushko as saying on Saturday. Grushko was responding to a question about the implications of providing the jets, which Ukraine has been requesting from NATO countries. It involves colossal risks for themselves," Grushko was quoted as saying. These fighters can engage aerial targets from both high and low altitudes," he said, adding that the jets can carry advanced weapons. "By utilising F-16s, our ground troops will be able to swiftly liberate occupied Ukrainian territories by targeting enemy command posts, military groups and logistics supply chains," he said.

☆ A worker sued her boss for sexual harassment, claiming that when he renamed a work file with his initials it was actually an abbreviation of 'A Jumbo Genital'
▼ + stars: | 2023-05-19 | by ( Grace Dean | ) www.businessinsider.com time to read: +5 min

A worker claimed that when her boss renamed a file with his initials it actually stood for "a Jumbo Genital." She sued the company for sexual harassment, which was rejected by an employment tribunal. She also alleged that his use of "xx," "yy," and "????" In her resignation letter, she claimed she was "subjected to conduct which amounts to sexual harassment." "Based on our factual findings, all of the Claimant's allegations of sexual harassment fail," Burns added.

☆ Some Investors Aren’t Giving Up on Bed Bath & Beyond
▼ + stars: | 2023-05-17 | by ( Gunjan Banerji | Alexander Gladstone | ) www.wsj.com time to read: 1 min

This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/articles/some-investors-arent-giving-up-on-bed-bath-beyond-7c1dcd37

☆ Russia denounces Macron over China comments
▼ + stars: | 2023-05-15 | by ( ) www.reuters.com time to read: +2 min

MOSCOW, May 15 (Russia) - Russian officials on Monday denounced comments by French President Emmanuel Macron that Moscow was becoming subservient to China, saying Western countries must get used to a world underpinned by the Kremlin's close ties with Beijing. The Russian criticism focused on an interview Macron gave to the Paris daily l'Opinion in which he decried the Kremlin's isolation brought on by its invasion of Ukraine more than 14 months ago. "(Russia) has de facto started a form of vasallisation with China and has lost access to the Baltic that was critical to it as it has precipitated the decision by Sweden and Finland to join Nato," Macron was quoted as saying in the daily. Kremlin spokesperson Dmitry Peskov said Russia's relations with China were those of a strategic partner and had nothing to do with dependence. Russian Deputy Foreign Minister Alexander Grushko said Paris had become preoccupied with Moscow's strengthened relations with China and changes that implied for the world order.

☆ Convicted Pharma Fraudster Shkreli’s Companies File For Bankruptcy
▼ + stars: | 2023-05-10 | by ( Alexander Gladstone | ) www.wsj.com time to read: 1 min

Vyera Pharmaceuticals, the company that Martin Shkreli founded and used to conduct a securities fraud that landed him in prison, filed for bankruptcy Wednesday. Vyera, its Swiss parent company Phoenixus and several affiliates filed for protection in the U.S. Bankruptcy Court in Wilmington, Del. after the reputational harm from Mr. Shkreli’s fraud hampered them from opening bank accounts, commercializing products or raising capital, court papers say. A lawyer who has represented Mr. Shkreli didn’t immediately respond to a request...

☆ Sandra MacQuillan, Longtime Supply-Chain Leader, Dies
▼ + stars: | 2023-05-03 | by ( Liz Young | ) www.wsj.com time to read: 1 min

Sandra MacQuillan started her career at Exxon Mobil, working in industrial engineering, sales, manufacturing and business development. Photo: Alexander GouletasSandra MacQuillan , a longtime supply-chain executive at some of the world’s largest consumer brands, has died after a long battle with cancer. She was 56. Ms. MacQuillan was most recently executive vice president and chief supply-chain officer for snack-food giant Mondelez International. She retired in November after about three years with the company and started a consulting business in the U.K., according to her LinkedIn profile.

☆ A rare poster offering a reward for Abraham Lincoln's murderer John Wilkes Booth, and his accomplices, was sold for $166,000
▼ + stars: | 2023-04-30 | by ( Sam Tabahriti | ) www.businessinsider.com time to read: +2 min

A "wanted" poster for Abraham Lincoln's killers, including John Wilkes Booth, was sold at auction. It's the first time the poster has been sold, with the winning bidder paying $166,375 Thursday. John Wilkes Booth fatally shot the president at Ford's Theatre in Washington, DC, with the help of two accomplices. Booth is described as "Five Feet 7 or 8 inches high" with a "slender build" and "a heavy black moustache." John Wilkes Booth.

☆ Bed Bath & Beyond Preparing for Bankruptcy Filing Within Days
▼ + stars: | 2023-04-19 | by ( Soma Biswas | Alexander Gladstone | ) www.wsj.com time to read: 1 min

Bed Bath & Beyond Inc. is preparing a bankruptcy filing for as early as this weekend as its falling stock price makes it near impossible to raise enough capital to avert default, according to people familiar with the matter. The embattled retailer recently said it needed to raise $300 million from share sales by April 26 to stay out of chapter 11. The company will have to stop selling stock by that date, when it would lose eligibility to continue under its share registration documents. Given the stock’s closing price on Wednesday of 46 cents, Bed Bath & Beyond faces long odds to raise that amount of money within that time.

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