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☆ LGBT Issues Galvanize Democrats’ Push for School Board Control
▼ + stars: | 2023-11-05 | by ( Scott Calvert | ) www.wsj.com time to read: 1 min

Karen Smith, left, a Democrat running for re-election to the school board in the Central Bucks School District, spoke last month with Laura Sorenson, a teacher and parent. Photo: Scott Calvert/The Wall Street JournalPLUMSTEAD TOWNSHIP, Pa.—Sexually explicit pamphlets, mysterious lawn signs with barbed slogans and accusations of lying have punctuated a partisan school board race in this Philadelphia suburb. Campaigning ends Tuesday, when voters will either keep the Republican majority or give Democrats the reins. At stake is control of the Central Bucks School District, Pennsylvania’s third-largest with more than 17,000 students. Hundreds of districts across the country will hold local school board elections Nov. 7, ahead of a 2024 presidential campaign that is expected to see education play a bigger role than in the past.

Persons: Karen Smith, Laura Sorenson, Scott Calvert Organizations: Democrat, Central Bucks School District, Republican Locations: PLUMSTEAD, Pa, Philadelphia, Pennsylvania’s

☆ Telecom Italia approves KKR's $20 billion grid bid in blow for Vivendi
▼ + stars: | 2023-11-05 | by ( Elvira Pollina | ) www.reuters.com time to read: +3 min

Telecom Italia (TIM) logo is seen displayed in this illustration taken, May 3, 2022. The board started a review of KKR's offer on Friday, approving it on Sunday, TIM said. The sale's 18.8 billion euro price tag, including debt, could reach 22 billion euros if certain conditions are met, TIM said. TIM said it would not put the board's decision to a shareholder vote, in a setback for leading shareholder VivendI (VIV.PA). Vivendi, which owns 24% of TIM, has been seeking a higher price and questioned the sustainability of the business left behind.

Persons: Dado Ruvic, Giorgia, Pietro Labriola's, Labriola, Merlyn Advisors, Merlyn, Elvira Pollina, Valentina Za, Will Dunham Organizations: Telecom Italia, REUTERS, TIM, Vivendi, Sunday, KKR, European Union, Treasury, VivendI, Thomson Locations: Italy, MILAN, London

☆ Blinken says Palestinian voices key to Gaza future
▼ + stars: | 2023-11-05 | by ( Simon Lewis | ) www.reuters.com time to read: +6 min

Blinken passed through Israeli checkpoints to meet Palestinian Authority President Mahmoud Abbas in the West Bank city of Ramallah, and then traveled on to Iraq. Palestinian views, voices and aspirations need to be “at the center” of conversations about the future of Gaza, Blinken told reporters in Baghdad. Blinken had some "good ideas" about the future he said, but "now is the time to ....stop the murder of civilians"Abbas told Blinken there should be an immediate ceasefire and that aid should be allowed into Gaza, according to spokesperson Nabil Abu Rudeineh. While Hamas tightly controls besieged Gaza, the West Bank is a complex patchwork of hillside cities, Israeli settlements and army checkpoints that split Palestinian communities. Blinken credited Abbas for tamping down tension in the West Bank and told him he had pressed Israeli officials for accountability, the senior State Department official said.

Persons: Antony Blinken, Blinken, Mahmoud Abbas, Israel, Abbas, WAFA, Mohammed Shia, Al Sudani, Nabil Abu Rudeineh, Matthew Miller, Miller, Jordan, Simon Lewis, Ali Sawafta, Doina Chiacu, Ted Hesson, Hugh Lawson, Alexander Smith, Heather Timmons Organizations: U.S, Palestinian Authority, Palestinian, West Bank, Hamas, CBS, United Nations, senior State Department, Thomson Locations: RAMALLAH, BAGHDAD, Gaza, Ramallah, Iraq, Israel, Baghdad, Iran, United States, East Jerusalem, Palestinian, U.S, United Kingdom, Egypt, Washington

☆ SAS secures $1.2 billion from consortium led by Castlelake, Air France for restructuring
▼ + stars: | 2023-11-04 | by ( ) www.reuters.com time to read: +2 min

The tail fin of a parked Scandinavian Airlines (SAS) airplane is seen on the tarmac at Copenhagen Airport Kastrup in Copenhagen, Denmark, July 3, 2022. The winning bidder consortium which also includes Air France-KLM (AIRF.PA), Lind Invest ApS and the Danish state, increased its proposed investment by $25.26 million. The airline's credit agreement for $505.25 million with Castlelake will be used to refinance its loans, increase liquidity and support its exit from voluntary restructuring proceedings, according to the statement. SAS's chief executive, Anko van der Werff, said: "By entering into this investment agreement, SAS is taking the next step in its Chapter 11 process in the U.S."The company now seeks U.S. Court approval of the investment agreement and the new debtor-in-possession financing as soon as possible in November. Castlelake and Lind Invest did not immediately respond to a request for comment.

Persons: Andrew Kelly, Lind, Castlelake, Anko van der Werff, Gursimran Kaur, Emelia Sithole, Philippa Fletcher, Ira Iosebashvili, Matthew Lewis Organizations: Airlines, SAS, Copenhagen, REUTERS, Scandinavian, Castlelake, Apollo Global Management, Air France, KLM, Lind Invest ApS, Air, U.S, Apollo Global, Lind Invest, Thomson Locations: Copenhagen, Denmark, Danish, Air France, U.S, United States, Bengaluru

[1/2] Palestinians gather at the site of Israeli strikes on houses in Bureij in the central Gaza Strip,November 2, 2023. The White House said on Wednesday there were "no plans or intentions" to put U.S. troops on the ground in Gaza. As the debate gains momentum, Gaza health authorities say more than 9,000 people have been killed in the 25-mile-long strip of land, home to 2.3 million Palestinians. Any entity that seeks to exert authority in post-war Gaza would also have to contend with the impression among Palestinians that it is beholden to Israel. Israel expects a long war but says it has no interest in re-occupying Gaza.

Persons: Mohammed Fayq Abu Mostafa, Antony Blinken, Mahmoud Abbas, Aaron David Miller, Miller, Jordan, Blinken, We're, Benjamin Netanyahu, Washington’s, Joe Biden, U.N, Antonio Guterres, Dennis Ross, Ross, Israel, Matt Spetalnick, Steve Holland, Humeyra Pamuk, Simon Lewis, Michelle Nichols, Heather Timmons, Grant McCool Organizations: REUTERS, Rights, Hamas, United Nations, Palestinian Authority, West Bank, U.S . Middle, U.S, HAITI U.S, Israeli, . Security, Washington Institute for Near East, United Arab, Carnegie Endowment, International Peace, Thomson Locations: Bureij, Gaza, Washington, Palestinian, Israel, U.S, IRAQ, AFGHANISTAN, HAITI, Iraq, Afghanistan, United Nations, Lebanon, Haiti, Kenya, Egypt, Jordan, United Arab Emirates, Bahrain, Morocco

Israel has deployed overwhelming aerial firepower since the Oct. 7 attack, which saw Hamas gunmen burst out of the Gaza Strip, killing 1,400 Israelis and taking 239 hostages. Israeli airstrikes hit a crowded refugee camp in the Gaza on Tuesday, killing at least 50 Palestinians and a Hamas commander. In the 2008 Gaza war, Hamas rockets had a maximum range of 40 km (25 miles), but that had risen to 230 km by the 2021 conflict, he added. The plan offers Israel peace treaties with full diplomatic ties in exchange for a sovereign Palestinian state. Muasher, the former Jordanian minister at Carnegie, said Hamas' attack had ended any possibility that Middle Eastern stability could be reached without engaging with Palestinians.

Persons: U.N, Marwan Al, Benjamin Netanyahu, Danny Danon, It's, Ziadeh, they're, Ali Baraka, Baraka, Osama Hamdan, Netanyahu, Jordan, –, Matt Spetalnick, Simon Lewis, Steve Holland, Phil Stewart, James Mackenzie, Samia Nakhoul, Angus McDowall, Pravin Organizations: Reuters, Carnegie Endowment, International Peace, HAMAS, Qatar University, Washington, Hamas, Hezbollah, Palestinian Authority, U.S, Bank, United Arab, Carnegie, Thomson Locations: Gaza, Israel, Qatar, Jerusalem, Washington, Israeli, United States, Hamas, Beirut, Lebanon, Iran, Palestinian, Oslo, Egypt, United Arab Emirates, Bahrain, Morocco, U.S, Saudi Arabia, Jordanian

The logo of IndiGo Airlines is pictured on passenger aircraft on the tarmac in Colomiers near Toulouse, France, July 10, 2018. REUTERS/Regis Duvignau//File Photo Acquire Licensing RightsBENGALURU, Nov 3 (Reuters) - India's biggest airline IndiGo said on Friday it would lease new planes and extend agreements on some older ones to offset the disruption from new problems with Pratt & Whitney engines. IndiGo has retained 14 of its older Airbus A320ceo, extended leases on 36 other aircraft, and is taking 11 additional aircraft on lease starting November. The company is in talks with Pratt & Whitney for compensation over engine issues and expected payments to be staggered, he said. Close to 40 IndiGo planes are currently grounded due to older issues with Pratt & Whitney engines and the airline is yet to ascertain the number of groundings from the new problems.

Persons: Regis Duvignau, Pratt & Whitney, IndiGo, Pieter Elbers, Gaurav Negi, Negi, Aditi Shah, Nandan, Shounak Dasgupta, Mark Potter Organizations: IndiGo Airlines, REUTERS, Rights, India's, IndiGo, Pratt & Whitney, Pratt &, Airbus, Thomson Locations: Colomiers, Toulouse, France, India, New Delhi, Bengaluru

NII at the French retail division fell by 27% in the quarter, excluding two regulated savings accounts, "well below expectations," JP Morgan said in a note to clients. The French lender said it now saw NII of its French retail, private banking and insurance division falling by more than 20% in 2023. The French retail division's earnings also suffered from hedging contracts against the risks of low interest rates. SocGen's shares had edged up 0.6% by 0924 GMT. The bank has also finalised the merger of its two French retail networks.

Persons: Gonzalo Fuentes, JP Morgan, SocGen, Slawomir Krupa, Jefferies, Krupa, ALD, Mathieu Rosemain, Silvia Aloisi, Ingrid Melander, Emelia Organizations: Societe Generale, La Defense, REUTERS, European Central Bank, BNP, Deutsche Bank, Barclays, Thomson Locations: La, Paris, France

☆ Lendlease, Google end development deals for $15 bln San Francisco Bay Area projects
▼ + stars: | 2023-11-03 | by ( Himanshi Akhand | ) www.reuters.com time to read: +2 min

FILE PHOTO: A sign is pictured outside a Google office near the company's headquarters in Mountain View, California, U.S., May 8, 2019. Under the project, Lendlease was to develop up to 15 million square feet of residential, retail and hospitality space and Google would develop office space. As of June-end, 12,900 of the planned housing units were approved for development in San Jose and Mountain View, according to Google. Lendlease said it will remove the San Francisco Bay project, which was expected to commence construction in fiscal 2026, from its development pipeline. Lendlease retained its forecast for fiscal 2024, with core operating return on equity at the lower end of its 8%-10% range.

Persons: Paresh Dave, Lendlease, Himanshi, Ayushman Ojha, Sonia Cheema, Rashmi, Sohini Organizations: REUTERS, Lendlease, Google, San Francisco Bay Area, Francisco's, Alexa Arena, San, UBS, Thomson Locations: Mountain View , California, U.S, San Francisco Bay, Sunnyvale, San Jose, Mountain, Westfield, Bay, Hayes, San Francisco, Americas, Bengaluru

☆ Low Ceilings Got You Down? Steal These Height-Boosting Tricks From Design Pros
▼ + stars: | 2023-11-02 | by ( Antonia Van Der Meer | ) www.wsj.com time to read: 1 min

RAISE YOUR GAME An all-white plan enlarges and brightens designer Ghislaine Viñas’ confining living room in her Bucks County, Pa., home. Photo: Jason VarneyIn the series How to Live With a Room You Hate, we ask design pros to solve everyday interior problems. THOUGH THEY CAN MAKE a nap-inducing bunk room or cottagecore Hobbit house feel more snug, low ceilings tend to be a real design downer otherwise. “They feel quite oppressive and limiting,” bemoaned Nicole Salvesen of the London firm Salvesen Graham. Not to mention a surefire way to thwart that coveted “light and airy look,” added New York City designer Ghislaine Viñas.

Persons: Ghislaine, Jason Varney, downer, ” bemoaned Nicole Salvesen, Salvesen Graham, ”, Ghislaine Viñas Locations: Bucks County, Pa, London, New York City

☆ KLM cancels dozens of flights at Amsterdam airport due to storm
▼ + stars: | 2023-11-02 | by ( ) www.reuters.com time to read: 1 min

AMSTERDAM, Nov 2 (Reuters) - Dutch airline KLM has scrapped dozens of flights to and from Amsterdam Schiphol airport on Thursday as storm Ciaran is expected to hit the Netherlands with wind gusts of up to 110 kilometres (68 miles) per hour. "We have decided to cancel all KLM flights to and from Schiphol from early afternoon until the end of the day," the Dutch arm of airline Air France KLM (AIRF.PA) said. Reporting by Bart Meijer; Editing by Kim CoghillOur Standards: The Thomson Reuters Trust Principles.

Persons: Ciaran, Bart Meijer, Kim Coghill Organizations: Dutch, KLM, Air France KLM, Thomson Locations: AMSTERDAM, Amsterdam Schiphol, Netherlands, Schiphol

☆ Morgan Stanley’s new CEO inherits rich pickings
▼ + stars: | 2023-11-02 | by ( John Foley | ) www.reuters.com time to read: +7 min

A good place to start is outside Morgan Stanley’s home market. Morgan Stanley’s two last big acquisitions were chunky, at a combined $20 billion, but also filled niches. E*Trade, an online brokerage, brought millions of households and company employees that Morgan Stanley hadn’t previously served. Eaton Vance, a U.S. asset manager, peddles investment products that Morgan Stanley now funnels through sales teams in far-flung markets. CEO Jane Fraser shows no inclination to sell private banking, which for now sits within the group’s $756 billion global wealth management bucket.

Persons: Ted Pick’s, Morgan Stanley, Pick, James Gorman, Morgan, Gorman, Germany’s, Britain’s, Morgan Stanley’s, Morgan Stanley hadn’t, Eaton Vance, Smith Barney, watchdogs, Jane Fraser, It’s, Noel Quinn’s, Ping, Colm Kelleher, Ted Pick, Peter Thal Larsen, Thomas Shum Organizations: Reuters, Credit Suisse, McKinsey ., Morgan, Reuters Graphics Reuters, Infrastructure, Citi, U.S, HSBC, HK, UBS, Thomson Locations: U.S, American, Asia, Pacific, Japan, India, China, French, Europe, Switzerland, HK, Swiss

☆ Shell’s shrinking green pledge risks backfiring
▼ + stars: | 2023-11-02 | by ( Yawen Chen | ) www.reuters.com time to read: +4 min

REUTERS/Callaghan O’Hare Acquire Licensing RightsSINGAPORE, Nov 2 (Reuters Breakingviews) - Shell (SHEL.L) CEO Wael Sawan has upped the UK group’s quarterly buyback plan while cutting back on unprofitable low-carbon activities. His pivot back into fossil fuels has shielded the $217 billion company from the wind energy troubles now ensnaring European peer BP (BP.L) and renewables giant Orsted (ORSTED.CO). But the strategy can work only as long as volatile energy prices stay high. Shell’s $6.2 billion third-quarter adjusted net profit shrunk by a third from a year earlier but came in line with analysts’ expectations. So far this year, the total return for Shell’s shareholders has hit 17%, above rivals like BP and TotalEnergies (TTEF.PA).

Persons: Wael Sawan, Daniel Yergin, Callaghan O’Hare, Sawan, Shell, pare, Lisa Jucca, Streisand Neto Organizations: Shell, P Global, REUTERS, Rights, Reuters, BP, EV, Nature Energy, Exxon Mobil, Chevron, Reuters Graphics Reuters, Carbon Solutions, Renewables, Energy Solutions, Thomson Locations: Houston , Texas, U.S, Rights SINGAPORE

☆ Upstart steals march on Atos’s M&A battle
▼ + stars: | 2023-11-02 | by ( ) www.reuters.com time to read: +2 min

REUTERS/Sarah Meyssonnier Acquire Licensing RightsLONDON, Nov 2 (Reuters Breakingviews) - Atos (ATOS.PA) may have found a helper, and potential acquirer. Smaller rival Onepoint said on Wednesday that it had bought a 9.9% stake in the ailing French IT company. Mustier is trying to implement a plan devised before he took over, which will see Atos split into two entities. Its 10% stake will have cost no more than 70 million euros. If a 900 million euro rights issue included in the split plan is confirmed, the total outlay for the stake will be about 160 million euros.

Persons: Atos, Sarah Meyssonnier, Onepoint, Jean, Pierre Mustier, Daniel Kretinsky, Mustier, Pierre Briançon, Aston Martin, Neil Unmack, Oliver Taslic Organizations: REUTERS, Reuters, French IT, Airbus, Pfizer, Thomson Locations: Paris, France, French, Czech, Orange, cybersecurity

☆ A Golden Treat for Diwali
▼ + stars: | 2023-11-02 | by ( Christina Morales | More About Christina Morales | ) www.nytimes.com time to read: +1 min

In the past decade, Ms. Mehta said, Indians have integrated some global ingredients into their traditional cooking for Diwali. In the United States, many Indian Americans make Diwali catering orders through Facebook or WhatsApp. Urja Shukla Bhatt, of Warminster, Pa., has been taking catering orders for snacks and dinner since at least August. Her mother-in-law, Daksha Bhatt, helps make the snacks, but Urja Shukla Bhatt cooks the Indian dishes for dinner. The pair is expecting to make at least 20 items, including hundreds of samosas and more than 20 pounds of chakri.

Persons: Bharadwaj, they’re, Nita Mehta, Mehta, Urja Shukla Bhatt, Daksha Bhatt, chakri, Bhatt Organizations: Facebook Locations: United States, Warminster, Pa

☆ Opinion | Learning to Become Openhearted
▼ + stars: | 2023-11-02 | by ( ) www.nytimes.com time to read: +3 min

Charles GoldbergNewtown Square, Pa.To the Editor:Kudos to David Brooks’s extraordinary lesson on being human. The only missing element was the power of humor, particularly when it is directed at oneself. Burdened by a debilitating stutter in my youth, I learned to laugh at it and myself. I found that self-deprecating jokes disarmed those inclined to ridicule me and invited in the compassionate. Armed with Mr. Brooks’s advice, I will try to devote my remaining years to listening, and speaking, with a human ear.

Persons: David Brooks, Brooks, “, Joe Posnanski, ”, Charles Goldberg, David Brooks’s, Tom Wilcox Boca, Robert Judkins Organizations: Concord Academy, Baltimore Community Foundation Locations: Pa, Tom Wilcox Boca Grande, Fla, Tenn

Ryan and Duchovny did not really know each other before “What Happens Later," but you’d never know it to watch them on screen or hear their off-camera rapport. AP: You have such lived-in banter and chemistry, it’s surprising that you two didn’t really know each other before this. DUCHOVNY: I’m thankful to Meg for giving me the opportunity to work in a movie like this. RYAN: That’s exactly what it is. I’m going to google that to make sure I’m right.

Persons: Nora ”, Meg Ryan’s, Nora Ephron, Ephron, Ryan, Harry Met Sally, ”, David Duchovny, hasn't, “, ” Ryan, “ It’s, Duchovny, you’d, DUCHOVNY, I’ve, RYAN, Nora, It’s, Tom Hanks, Billy Crystal, He’s, Hal Liggett, Rosencrantz, Guildenstern, Hal, 5’10, 6’2, It’s Morgan Freeman, it’s Scarlett Johansson, I’m, Meg, Meg’s, there’s, COVID, you’ve, it’s, Matthew Perry’s, Harder, of Rome Organizations: Associated Press, greyhounds Locations: Seattle, RYAN

☆ Israel cuts Gaza funds from Palestinian tax transfer
▼ + stars: | 2023-11-02 | by ( Steven Scheer | ) www.reuters.com time to read: +3 min

Following a debate over whether to make the transfer as Israel battles Hamas militants in Gaza, the Israeli cabinet said it would also withhold money to offset stipends the PA pays to Palestinian militants and their families. There was no immediate comment from the PA, which in the past has refused to accept trimmed tax transfers. The PA is estimated to spend some 30% of its budget in Gaza, where it also pays for medicine and social assistance programs. Together with aid from foreign donors, the tax funds make up the bulk of the cash-strapped PA's public revenues and also help pay for civil servant salaries and other services in the West Bank. In 2019, the Palestinians rejected the tax money several times after Israel cut the sum over the PA's support to the families of jailed or slain Palestinian militants.

Persons: Bezalel Smotrich, Amir Cohen, Israel, Yoav Gallant, Mahmoud Abbas, Steven Scheer, Emily Rose, Rami Ayyub, Maytaal Angel, William Maclean, Sandra Maler Organizations: Finance, Tel, REUTERS, Rights, Palestinian Authority, West Bank, Palestinian, Bank, Hamas, Thomson Locations: Tel Aviv, Petah Tikva, Israel, Gaza

☆ Israel's defence and finance ministers clash over Palestinian tax payout
▼ + stars: | 2023-11-01 | by ( ) www.reuters.com time to read: +2 min

JERUSALEM, Nov 1 (Reuters) - Israel's defence and finance ministers clashed on Wednesday over whether some West Bank tax revenues should be transferred to the Palestinian Authority, underlining the tensions straining the government as Israeli forces push on with the war in Gaza. Defence Minister Yoav Gallant called for tax revenues collected by Israel on behalf of the Palestinians in parts of the West Bank under direct Israeli control, to be disbursed without delay. "I think it is only appropriate to uphold the decision of the cabinet as decided several days ago," he said. Finance Minister Bezalel Smotrich, whose hardline religious nationalist party has strong support among Jewish settlers in the West Bank responded that Gallant was making a "serious mistake" in demanding the release of the funds. "I do not intend to let the State of Israel finance our enemies in Judea and Samaria who support the terrorism of Hamas and finance the 7/10 terrorists who murdered and massacred us," he said in a statement.

Persons: Yoav Gallant, Gallant, Bezalel Smotrich, Smotrich, Benjamin Netanyahu, James Mackenzie, Steve Scheer, Sandra Maler Organizations: West Bank, Palestinian, Gaza ., Hamas, Palestinian Authority, Thomson Locations: Gaza, Israel, Judea, Samaria

☆ US Senator Schumer urges FTC to probe Exxon, Chevron mega-deals
▼ + stars: | 2023-11-01 | by ( ) www.reuters.com time to read: +2 min

Earlier this month, Exxon proposed to buy Pioneer Natural Resources (PXD.N) for $60 billion and Chevron agreed to acquire Hess (HES.N) for $53 billion. The Democratic Senate leader said in a letter that the two of the largest oil and gas deals of this century are "likely to harm competition." Chevron and Exxon have accumulated huge profits from strong energy prices and demand since Russia's invasion of Ukraine. The oil industry last went through an era of major consolidation in the late 1990s when Exxon, Shell (SHEL.L), BP (BP.L) and France's TotalEnergies (TTEF.PA) merged with rivals to create huge integrated companies. The acquisitions followed a collapse in oil prices that weakened many companies.

Persons: Dado Ruvic, Charles Schumer, Hess, Schumer, France's, Tanay Dhumal, Arunima Kumar Organizations: ExxonMobil, Pioneer, REUTERS, U.S, Wednesday, U.S . Federal Trade Commission, Exxon Mobil, Chevron Corp, Exxon, Natural Resources, Chevron, Democratic, Shell, BP, FTC, Big, Thomson Locations: Ukraine, United States, Bengaluru

HARRISBURG, Pa. (AP) — Pennsylvania cannot enforce a regulation to make power plant owners pay for their planet-warming greenhouse gas emissions, a state court ruled Wednesday, dealing another setback to the centerpiece of former Gov. Tom Wolf's plan to fight global warming. Shapiro's administration had no immediate comment on the ruling, and Shapiro hasn't said publicly if he would follow through on it. 2 gas state, industrial and commercial power users and labor unions whose members work on pipelines and at power plants and refineries. The regulation written by Wolf's administration had authorized Pennsylvania to join the multistate Regional Greenhouse Gas Initiative, which imposes a price and declining cap on carbon dioxide emissions from power plants.

Persons: Tom Wolf's, Wolf, Josh Shapiro, Shapiro hasn't, Shapiro, Critics, Wolf's, Marc Levy Organizations: Commonwealth, Republican, Democrat, Democratic, Greenhouse Gas Initiative Locations: HARRISBURG, Pa, Pennsylvania

☆ AstraZeneca to invest $245 mln in Cellectis to boost gene therapy prospects
▼ + stars: | 2023-11-01 | by ( ) www.reuters.com time to read: +1 min

The logo for AstraZeneca is seen outside its North America headquarters in Wilmington, Delaware, U.S., March 22, 2021. Cellectis' gene-editing technology and manufacturing capabilities to design novel cell and gene therapy products will help strengthen AstraZeneca's growing offering in the space, it said. AstraZeneca said that as part of the deal, it will pay Cellectis $105 million by the end of this year. That includes an $80 million equity investment, which will be followed by another $140 million in early 2024, which will give AstraZeneca a stake of about 44% in the French company. The Anglo-Swedish pharma company said it had exclusive rights to 25 genetic targets, of which up to 10 candidate products could be explored for development.

Persons: Rachel Wisniewski, Aby Jose Koilparambil, Savio D'Souza Organizations: AstraZeneca, REUTERS, Swedish pharma, Thomson Locations: North America, Wilmington , Delaware, U.S, Swedish, Bengaluru

REUTERS/Nick Oxford Acquire Licensing RightsNov 1 (Reuters) - Spirit AeroSystems (SPR.N) on Wednesday projected higher-than-expected cash burn for 2023 as it slashed anticipated deliveries of 737 fuselages, but its new CEO said returning the embattled aerospace supplier to positive cash flow will be his "principle goal." "However, we have other cash levers to pull," including organizational inefficiencies and more closely enforcing contracts with its own supply chain, he said. LOWERED 737 DELIVERY EXPECTATIONSOn Wednesday, Spirit increased its anticipated free cash burn to between $275 and $325 million for 2023, compared with the $200 million to $250 million range. Executives said they anticipate positive margins on the 787 program by the first half of 2025 as a result of the agreement with Boeing. Third-quarter cash burn was $136 million, compared with a cash burn of $73 million a year ago.

Persons: Nick Oxford, Patrick Shanahan, Robert Stallard, Shanahan, Abhijith, Maju Samuel, Louise Heavens, Jonathan Oatis, Marguerita Choy Organizations: Spirit AeroSystems Holdings Inc, REUTERS, Boeing, Vertical Research Partners, Airbus, Revenue, Thomson Locations: Wichita , Kansas, U.S, Bengaluru

☆ Estee Lauder, Canada Goose slash annual targets as China recovery falters
▼ + stars: | 2023-11-01 | by ( ) www.reuters.com time to read: +2 min

An Estee Lauder cosmetics counter is seen in Los Angeles, California, U.S., August 19, 2019. The company also estimated annual sales to decrease 2% to an increase of 1%, compared with the previous forecast of an increase between 5% and 7%. Canada Goose expects full-year revenue to be between C$1.20 billion ($864.49 million) and C$1.40 billion, compared with its previous forecast of C$1.40 billion to C$1.50 billion. Canada Goose also saw revenues in the United States region decline nearly 11% as demand for high-end goods by affluent shoppers sag. Shares of Estee fell about 13% in premarket trading while U.S.-listed shares of Canada Goose were down 11%.

Persons: Lauder, Lucy Nicholson, Estee Lauder, Estee, Goose, Tom Ford's, Ananya Mariam Rajesh, Aatrayee Chatterjee, Shounak Dasgupta, Maju Samuel, Sriraj Organizations: REUTERS, Canada Goose Holdings, L'Oreal, Canada, U.S, Thomson Locations: Los Angeles , California, U.S, China, Canada, Asia, Korea, Hainan, Estee, United States, Bengaluru

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