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☆ Meet the executive in charge of Bank of America's $15 billion initiative to give no-down-payment mortgages to disenfranchised homebuyers
▼ + stars: | 2023-01-04 | by ( Kelsey Neubauer | ) www.businessinsider.com time to read: +3 min

She leads the neighborhood and community lending program for the second largest US bank. It's her job: Barkley helms a Bank of America lending program aimed at increasing homeownership in multicultural and historically underserved communities. In fact, she says the rationale for the bank's $15 billion Community Homeownership Commitment seems to follow her everywhere she goes in the Dallas metro area, where she is based. A feature of that commitment is a mortgage program that sets aside requirements that often prove to be obstacles to borrowers trying to get traditional loans. When houses are refurbished, the rest of the community will hopefully see the benefits that come from homeownership, she said.

☆ Cruise lines to appeal U.S court's big award to owner of Havana dock
▼ + stars: | 2023-01-03 | by ( ) www.reuters.com time to read: +2 min

[1/2] Royal Caribbean logo is seen displayed in this illustration taken, May 3, 2022. U.S. District Judge Beth Bloom in Miami ruled last week to award a total of $440 million to the plaintiff, Delaware-registered Havana Docks Corp; registered to two U.S. citizens who claim to be descendants of the original owners of the Havana Cruise Port Terminal. It comes after Bloom ruled in March that the use of the port constituted trafficking in confiscated property owned by Havana Docks Corp. Royal Caribbean in a comment to Reuters said it "disagree(d) with the ruling and will appeal. Havana Docks sued the cruise lines under the Helms-Burton Act, which allows U.S. nationals to sue over use of property seized in Cuba after 1959.

☆ U.S. judge orders Norwegian Cruise Line to pay $110 mln for use of Cuba port
▼ + stars: | 2022-12-30 | by ( Brian Ellsworth | ) www.reuters.com time to read: +1 min

MIAMI, Dec 30 (Reuters) - Norwegian Cruise Line (NCLH.N) must pay $110 million in damages for use of a port that Cuba's government confiscated in 1960, according to a ruling by a U.S. judge released on Friday. The decision by U.S. District Judge Beth Bloom in Miami follows her March ruling that the use of the Havana Cruise Port Terminal constituted trafficking in confiscated property owned by the plaintiff, Delaware-registered Havana Docks Corp."Judgment is entered in favor of Plaintiff Havana Docks Corporation and against Norwegian Cruise Line Holdings, Ltd," reads the decision. "Plaintiff is awarded $109,848,747.87 in damages," it says, adding that Norwegian should also pay an additional $3 million in legal fees and costs. Norwegian Cruise Line did not immediately respond to a request for comment. Havana Docks had also sued cruise lines Carnival (CCL.N), Royal Caribbean (RCL.N) and MSC under the Helms-Burton Act, which allows U.S. nationals to sue over use of property seized in Cuba during the Cold War era.

☆ Aldi customers are scrambling to buy a $13 dress. That's the power of its 'treasure hunt' Aldi Deals aisle.
▼ + stars: | 2022-12-16 | by ( Mary Meisenzahl | ) www.businessinsider.com time to read: +4 min

A limited-edition Aldi dress gained traction in a Facebook group of 1.5 million members. The dress was a feature in the Aldi Finds aisle, which is responsible for about 20% of total sales. The wrap-style dress from the brand Serra was featured in Aldi's weekly "Aldi Finds" advertisement for the week of November 9. Aldi's "Aldi Finds" aisle is a grab bag of products that changes throughout the year. Aldi did not respond to Insider's request for comment, but as Aldi plans to continue its rapid expansion, its Aldi Finds aisle likely will remain a key part of future store designs.

☆ Ryan Seacrest's marketing agency has hired a top NBC News journalist to lead its push into brand storytelling
▼ + stars: | 2022-12-12 | by ( Lucia Moses | ) www.businessinsider.com time to read: +3 min

Ryan Seacrest's marketing agency, Civic, has made a big hire to expand its brand storytelling work. The 23-year-old Civic, whose clients include Amazon and Ford, is focused on making journalistic-style content for brands. Ryan Seacrest's marketing agency, Civic, has made a big hire to expand its brand storytelling work. "No one wants branded content," Civic cofounder and co-CEO Stuart Ruderfer told Insider. Fully 86% of companies use digital content marketing, according to an Insider Intelligence estimate.

U.S. shale production costs are soaring and there is no sign that tight-fisted investors will change their demands for returns rather than investment in expanding drilling. At Helmerich & Payne (HP.N), one of the largest drilling contractors, its R&D budget will rise only $1 million, from 2022's $27 million. The U.S. government expects overall oil production to reach a new peak next year, but it has several times this year cut its forecasts. Shale production declines rapidly after peaking compared to conventional oil wells, falling about 50% after the first year. Lower production rates are "a longer-term prospect," said Mike Oestmann, chief executive of shale producer Tall City Exploration.

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☆ Bono’s new book is more than a rock star memoir. It’s also a powerful tribute to America
▼ + stars: | 2022-11-08 | by ( John Blake | ) edition.cnn.com time to read: +12 min

Born Paul David Hewson in Dublin, Ireland, Bono is a global rock star, an activist and an entrepreneur who is currently touring the US to promote his memoir. Bono’s book, though, is more than a rock star’s memoir. A belief in America as an idea, not a religionAs any casual fan of U2 knows, U2 has long had a close relationship with the US. Martin Luther King Jr., with their song, “Pride (In The Name of Love).”In “Surrender,” Bono pays tribute to America itself. “The search for common ground starts with a search for higher ground,” Bono writes in the memoir.

☆ Shale oil producer Coterra trims reserves estimates, shares sink
▼ + stars: | 2022-11-04 | by ( Liz Hampton | ) www.reuters.com time to read: +2 min

Companies Coterra Energy Inc FollowNov 4 (Reuters) - Shares of shale oil and gas producer Coterra Energy fell as much as 8% on Friday after the company cut its estimate of proven oil reserves, a key measure of future production growth. Coterra, which formed a year ago through the merger of Cimarex Energy and Cabot Oil & Gas, said proved reserves on its books will drop roughly 15% to 20% year-over-year at December 31, 2022. The decline was driven by a roughly 32% to 36% decline to gas reserves in its Marcellus shale properties in the Eastern United States that came with the Cabot acquisition. Rival U.S. shale oil producer EOG Resources said oilfield costs could increase by 10% next year, on top of a 7% increase in 2022, as inflation continues to snarl the energy industry. EOG, which this week announced it had extended operations into Ohio, said it will maintain low single-digit oil production growth next year.

Wall Street banks committed to helping Elon Musk finance his $44 billion takeover of Twitter stand to $500 million in the process, by some estimates. One of Musk's banks has even told its staff to expect a borrowing notice from Musk by today, Bloomberg reported. But don't feel sorry for the banks just yet — a group that comprises Morgan Stanley, Bank of America, Barclays, MUFG, BNP Paribas, Mizuho, and SocGen. The group consists of Morgan Stanley, Bank of America, Barclays, MUFG, BNP Paribas, Mizuho, and SocGen. Birchall's eldest son Benjamin even interned at Morgan Stanley for his ex-colleagues Frank Malone and Jon Neuhaus in the summer of 2021.

☆ Wall Street's rising stars admit their biggest career mistakes — from missing out on lucrative bets to taking too much on — and what they learned from them
▼ + stars: | 2022-10-24 | by ( Alex Morrell | Alyson Velati | Asia Martin | ) www.businessinsider.com time to read: +17 min

Vinay Trivedi, a vice president at General Atlantic focusing on the technology sector. I don't think we necessarily transitioned fast enough to how people learn if we're only doing audio from home. - David Israel, 27, vice president at Credit SuisseAngel Pu Shum is a principal within Warburg Pincus's technology group. -Allison Boxer, 29, senior vice president and economist at PIMCONoah Zerance, a vice president with Bank of America's global sustainable-finance group. and the response would be, 'Well, we don't know how we do it yet.

☆ Opinion | Abortion Is Legal in Ethiopia. But Half of These Clinics Won’t Provide Them.
▼ + stars: | 2022-10-17 | by ( Anu Kumar | ) www.nytimes.com time to read: +12 min

When Congress passed the Helms Amendment, only six of those countries allowed abortion in circumstances beyond saving a woman’s life. And every year, more than 16,000 of the women and girls who have received these unsafe abortions die from more serious complications. President Biden also has the power to mitigate some of the harms of the Helms Amendment. His administration could also ensure that clinics in countries where abortion is legal understand that U.S. rules allow them to offer abortion information and counseling. The Helms Amendment is an act of international interference and overreach, and it has to end.

☆ Nord Stream leaks caused by deliberate actions, Denmark's prime minister says
▼ + stars: | 2022-09-27 | by ( ) www.reuters.com time to read: +2 min

Danish Minster of Defense Morten Boedskov, Prime Minister Mette Frederiksen, Climate Minister Dan Joergensen and Minister of Foreign Affairs Jeppe Kofod speak to the media about the three gas leaks on the Nord Stream gas pipelines in the Baltic Sea, in Copenhagen, Denmark September 27, 2022. Scanpix 2022/Emil Helms via REUTERSCOPENHAGEN, Sept 27 (Reuters) - Leaks detected in the Nord Stream gas pipelines clearly were caused by deliberate actions and could not have been a result of accidents, Denmark's Prime Minister Mette Frederiksen said on Tuesday. It was not an accident," Mette Frederiksen said at a press briefing in Copenhagen. The leaks, first reported on Monday, were in international waters but inside Denmark's and Sweden's exclusive economic zone. Danish authorities assess that the damage was caused by blasts, Energy Minister Dan Jorgensen said at the briefing.

☆ Student housing is one of the hottest real-estate investments right now. Here's how big investors like Blackstone and TPG are playing the market that just saw a record $6.1 billion of deals.
▼ + stars: | 2022-09-03 | by ( Kelsey Neubauer | ) www.businessinsider.com time to read: +7 min

The big investors TPG and the Cardinal Group made a bet on student housing in fall 2020. Investing in student housing seemed like an uncertain wager at best; no one knew when life would go back to normal. That's created an opportunity in niche asset classes, such as student housing, he added. The trend is not likely to end soon, with the cost of college housing on the same upward trajectory as tuition. With students, international and domestic, back at school again, student housing is hotter than ever.

☆ IMAGINI SPECTACULOASE! O dronă care filma erupția unui vulcan din Islanda s-a prăbușit în crater
▼ + stars: | 2021-06-01 | by ( Publika.Md - Aici Sunt Știrile | ) www.publika.md time to read: 1 min

O dronă care filma erupția vulcanului islandez Fagradalsfjall s-a prăbușit când a ajuns deasupra craterului vulcanic, însă a surprins fenomenul până în acel punct, scrie digi24.ro. Drona era pilotată de un utilizator de YouTube, Joey Helms, care încerca să obțină imagini cu râul de lavă, scrie BBC. Până să fie distrusă, drona a filmat râul de lavă și a ajuns până în dreptul craterului, surprinzând imagini impresionante. La un moment dat, când ajunge deasupra craterului, drona începe să piardă altitudine și este stropită de lavă, iar filmarea se întrerupe. Vulcanul Fagradalsfjall a început să erupă în luna martie.

Persons: Fagradalsfjall, . Drona, Joey Helms, drona Organizations: BBC

☆ The Tucker Carlson origin story
▼ + stars: | 1998-01-28 | by ( Aaron Short | ) www.businessinsider.com time to read: +57 min

Tucker Carlson is remembered as a provocateur and gleeful contrarian by those who knew him in his early days. It was Tucker Carlson. (Note on style: Tucker Carlson and the members of his family are referred to here by their first names to avoid confusion.) In 1979, Richard Carlson married Patricia Swanson, heiress to the Swanson frozen foods empire that perfected the frozen Salisbury steak for hassle-free dinners. Tucker Carlson attended St. George’s School, a boarding school starting at age 14.

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