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☆ Whirlpool to divest most of EMEA ops, form new entity with Turkey's Arcelik
▼ + stars: | 2023-01-17 | by ( ) www.reuters.com time to read: +2 min

The home appliance maker launched a review of the EMEA business in April 2022, acknowledging that it would take the company a longer time to achieve attractive EBIT margin levels amid geopolitical tensions in Europe. Whirlpool will form a new Europe-focused entity with Turkish household appliances manufacturer Arcelik (ARCLK.IS) by divesting its major domestic appliance business in the region, it said in a statement. The new entity will include Arcelik's European units such as major domestic appliance, small domestic appliance and consumer electronics. Whirlpool will own 25% of this new entity, while Arcelik will have the rest, the U.S.-based company added. The entirety of Whirlpool's EMEA business reported sales of $5.01 billion last year.

☆ Whirlpool partners Arcelik in Europe, quits MidEast and Africa
▼ + stars: | 2023-01-17 | by ( ) www.reuters.com time to read: +3 min

Whirlpool also said it had agreed to sell its Middle Eastern and African businesses to Arcelik, which the Turkish firm said was for 20 million euros ($21.65 million) in cash. The moves come after Whirlpool launched a review of its Europe, Middle East and Africa (EMEA) operations in April 2022 and said it planned to focus on higher margin businesses. The U.S. firm said the Middle Eastern and African businesses being sold to Arcelik had sales of around $4.2 billion in 2021. The entirety of Whirlpool's EMEA business reported sales of $5.01 billion last year. The deals are expected to be completed in the second half of the 2023, subject to regulatory approval, Arcelik said.

☆ Twitter suspends account tracking Elon Musk's jet
▼ + stars: | 2022-12-15 | by ( ) www.reuters.com time to read: +3 min

Dec 14 (Reuters) - Twitter Inc suspended an account tracking its owner Elon Musk's private jet in real-time, with the billionaire threatening legal action against the account's operator after saying his son had been mistakenly followed by a "crazy stalker". ElonJet, operated by 20-year-old university student Jack Sweeney, had tracked the movements of Musk's private jet using data available in the public domain before the suspension. The billionaire also tweeted that one of his sons, lil X, had been harassed, and linked it to the tracking accounts. Sweeney, a student at the University of Central Florida, who also operates similar bot accounts tracking Musk's jet on Facebook, Instagram and Telegram, told BuzzFeed the suspension is "a surprise to many people after he publicly said he wouldn't do it." Separately, Twitter accounts tracking the jets of billionaire tech entrepreneurs Mark Zuckerberg, Jeff Bezos and Bill Gates were also suspended.

☆ Hawaii's Mauna Loa volcano begins eruption, alert level raised - USGS
▼ + stars: | 2022-11-28 | by ( ) www.reuters.com time to read: +1 min

Nov 28 (Reuters) - An eruption began in the summit caldera of Hawaii's Mauna Loa, the world's largest active volcano, on Sunday night, the U.S. Geological Service's (USGS) volcanic activity service said. "At this time, lava flows are contained within the summit area and are not threatening downslope communities," the notification said. However, the notification warned, based on previous events, that the early eruption stages of this volcano can be very dynamic and the location and advance of lava flows can change rapidly. The volcano alert level was upgraded from an "advisory" to a "warning." The notification added that the Hawaiian Volcano Observatory (HVO) would conduct aerial reconnaissance as soon as possible to assess hazards and better describe the eruption.

The gunman, identified as Andre Bing, 31, of Chesapeake, Virginia, said nothing as he began firing on workers gathered late on Tuesday ahead of their overnight shift, according to two employees who were in the break room. Another Walmart employee, Briana Tyler, told ABC's "Good Morning America": "I looked up and my manager just opened the door and he just opened fire." [1/6] FBI agents stand in the parking lot after a mass shooting at a Walmart in Chesapeake, Virginia, U.S. November 23, 2022. He told her that during the nightly meeting his manager was acting "strange" and "then started shooting," she told the news station. This was not the first mass shooting at a Walmart, which has thousands of stores across the country.

☆ Five dead, 18 injured in shooting at gay nightclub in Colorado, police say
▼ + stars: | 2022-11-20 | by ( Kevin Mohatt | ) www.reuters.com time to read: +2 min

[1/3] A police officer lifts barricade tape while in their vehicle as they respond to a mass shooting at the Club Q nightclub in Colorado Springs, Colorado, U.S., November 20, 2022. REUTERS/Kevin MohattCOLORADO SPRINGS, Colo., Nov 20 (Reuters) - Five people were killed and 18 injured in a shooting at a gay nightclub on Saturday night in Colorado Springs, Colorado, police said. A suspect was in custody and was being treated for injuries after the attack at Club Q, Colorado Springs police Lieutenant Pamela Castro told a news conference. In 2016, a gunman killed 49 people at gay nightclub in Orlando, Florida, before he was shot dead by police. Reporting by Kevin Mohatt in Colorado Springs and Shubham Kalia in Bengaluru Editing by Raissa Kasolowsky and Frances KerryOur Standards: The Thomson Reuters Trust Principles.

☆ Bankman-Fried says filing for FTX bankruptcy was a mistake - Vox
▼ + stars: | 2022-11-17 | by ( ) www.reuters.com time to read: +2 min

Nov 17 (Reuters) - The founder of collapsed crypto exchange FTX, Sam Bankman-Fried, said he regretted his decision to file for bankruptcy and, in an interview published by Vox, criticized regulators. The five new directors and newly appointed Chief Executive John J. Ray are working to navigate through the bankruptcy process. In a statement published on Twitter, Ray said Bankman-Fried had no ongoing role at FTX, FTX US or Alameda Research and did not speak on their behalf. After Vox published the interview, Bankman-Fried said some of what he had said had been "thoughtless or overly strong" and that he was venting about something that was not intended to be public. loadingA Vox spokesperson said all communication with Vox reporters was on-the-record unless the subject and reporter had agreed otherwise.

☆ Poland blast caused by missile fired by Ukrainian forces at incoming Russian missile - AP
▼ + stars: | 2022-11-16 | by ( ) www.reuters.com time to read: 1 min

Nov 16 (Reuters) - Initial findings suggest that the missile that hit Poland was fired by Ukrainian forces at an incoming Russian missile, Associated Press reported on Wednesday, citing U.S. officials. Reporting by Shubham Kalia in Bengaluru; Editing by Himani SarkarOur Standards: The Thomson Reuters Trust Principles.

☆ Binance halts FTT deposits, CEO says
▼ + stars: | 2022-11-13 | by ( ) www.reuters.com time to read: +1 min

Nov 13 (Reuters) - Cryptocurrency exchange Binance has stopped accepting deposits of FTX's FTT token on its platform, its chief executive Changpeng Zhao said on Sunday, urging other rival exchanges to do the same. read more"(Binance) has stopped FTT deposit, to prevent potential of questionable additional supplies affecting the market. We will monitor the situation," CEO Zhao said in a tweet. "FTT contract deployers moved all remaining FTT supply worth $400 million, which should be unlocked in batches. Reporting by Shubham Kalia in Bengaluru;Editing by Elaine HardcastleOur Standards: The Thomson Reuters Trust Principles.

A federal jury in 2009 had found the businessman, Thomas Petters, guilty of orchestrating a $3.65 billion Ponzi scheme, and he was sentenced to 50 years in prison. Those sums became unavailable for repayment to creditors when the fraud was uncovered in 2008, a trustee said in a lawsuit. The jury found the count against the bank which had alleged that the bank's unit "substantially assisted or encouraged" the businessman Petters to commit the breach. As part of the provision, Bank of Montreal said it would book an after-tax charge of C$830 million during the fourth quarter. ($1 = 1.3426 Canadian dollars)Reporting by Shubham Kalia and Shivani Tanna in Bengaluru; Editing by Jacqueline WongOur Standards: The Thomson Reuters Trust Principles.

Nov 8 (Reuters) - A U.S. federal court on Tuesday denied requests to temporarily block Albertsons Companies Inc's (ACI.N) $4 billion dividend payment to shareholders before closing of the proposed merger with Kroger Co , but the payout remained blocked due to another court order. The federal court in Washington D.C. denied issuing a restraining order in the case, which was filed by the attorneys general of California, Illinois and Washington D.C and sought to block the payout until antitrust reviews of the proposed merger were completed. The lawsuit filed by attorneys general of Washington D.C., California and Illinois argued the same. Kroger snapped up Albertsons in a $25 billion deal in last month's mega merger between the No. "People living in poverty will suffer most of all—not only because of skyrocketing prices as competition vanishes, but through probable store closures," the groups said, adding the "unusual" $4 billion dividend to shareholders should be investigated.

☆ Earthquake of magnitude 5.7 strikes off Rimini's coast in Italy - EMSC
▼ + stars: | 2022-11-09 | by ( ) www.reuters.com time to read: 1 min

Nov 9 (Reuters) - An earthquake of magnitude 5.7 struck near the coast of Italian town of Rimini on Wednesday, the European-Mediterranean Seismological Centre (EMSC) said. The quake was at a depth of 10 km (6 miles), and was about 64 km east of Rimini, EMSC added. Reporting by Shubham Kalia in Bengaluru Editing by Shri NavaratnamOur Standards: The Thomson Reuters Trust Principles.

Companies Theranos Inc FollowNov 8 (Reuters) - Theranos founder Elizabeth Holmes' request for a new trial was denied by a federal judge in California late on Monday, court documents showed. In January, Holmes, 37, was found guilty of defrauding investors in the blood testing startup, convicting her on four of 11 counts. She was convicted of investor fraud and conspiracy, but acquitted on three counts of defrauding patients who paid for tests from Theranos, and a related conspiracy charge. In July, former Theranos President Ramesh "Sunny" Balwani was also convicted of defrauding investors and patients about Theranos that was once valued at $9 billion. Holmes' lawyers filed for a new trial in September citing "newly discovered" evidence from the government's statements made at the closing arguments of Balwani’s trial, as well as alleged government misconduct.

☆ Singapore's GIC, partner to buy Canadian REIT Summit for $3.3 bln
▼ + stars: | 2022-11-07 | by ( ) www.reuters.com time to read: +1 min

Nov 7 (Reuters) - Singapore's sovereign wealth fund GIC and Canada's Dream Industrial REIT (DIR_u.TO) will buy Canada's Summit Industrial Income REIT (SMU_u.TO) for about C$4.46 billion ($3.30 billion), excluding debt, the companies said in separate statements on Monday. GIC and Dream Industrial REIT (DIR) will form a joint venture for the deal, with GIC owning 90% and DIR owning the rest, according to the statements. The deal builds on GIC's recent real estate purchases globally and gives it access to the Canadian industrial space. In September, GIC, along with another private equity firm, bought U.S. commercial REIT Store Capital Corp (STOR.N) for about $14 billion. Including debt, the deal is valued at C$5.9 billion, Summit said.

☆ What’s in Our Queue? ‘Abbott Elementary’ and More
▼ + stars: | 2022-11-02 | by ( Kalia Richardson | ) www.nytimes.com time to read: 1 min

What’s in Our Queue? ‘Abbott Elementary’ and MoreGilles Mingasson/ABC, via Associated PressI am a reporting fellow on The Times’s Culture desk. As a South Florida native who knows only poolside weather year round, I am experiencing my first real fall. As I await the cold, here are five things that I’ve been listening to and watching →

☆ At least 14 injured in shooting in Chicago on Halloween
▼ + stars: | 2022-11-01 | by ( ) www.reuters.com time to read: 1 min

Nov 1 (Reuters) - At least 14 people, including two children and a teenager, were shot in a drive-by shooting in western Chicago on Halloween night on Monday, but there were no immediate reports of fatalities, police said. The injured were in various condition, with several in critical and others non-life threatening, Chicago Police Superintendent David Brown said in a press briefing. One more person was injured after being struck by a vehicle at the site of the shooting. Citing preliminary information, Brown said one vehicle was involved in the shooting, but there were possibly two shooters. Reporting by Anirudh Saligrama and Shubham Kalia in Bengaluru; Editing by Lincoln FeastOur Standards: The Thomson Reuters Trust Principles.

☆ Musk says SpaceX cannot fund Ukraine's Starlink internet indefinitely
▼ + stars: | 2022-10-14 | by ( ) www.reuters.com time to read: +3 min

REUTERS/Mike BlakeOct 14 (Reuters) - Elon Musk said on Friday SpaceX cannot "indefinitely" fund the Starlink internet service in Ukraine and send it several thousands more terminals after a report suggested that his rocket company had asked the Pentagon to pay for the donations. He recently said that SpaceX had spent about $80 million to enable and support Starlink in Ukraine. Musk activated Starlink in Ukraine in late February after internet services were disrupted because of Russia's invasion. read moreUkraine's vice prime minister, Mykhailo Fedorov, said this week Starlink services helped restore energy and communications infrastructure in critical areas after more than 100 Russian cruise missile attacks. Musk, responding to a post referring to the fate of the Starlink service and the ambassador's remark, said:"We’re just following his recommendation."

☆ Musk says SpaceX cannot fund Ukraine's vital Starlink internet indefinitely
▼ + stars: | 2022-10-14 | by ( ) www.reuters.com time to read: +5 min

WASHINGTON, Oct 14 (Reuters) - Elon Musk said on Friday his rocket company SpaceX cannot indefinitely fund its Starlink internet service in Ukraine, which has helped the country's civilians and military stay online during the war with Russia. Musk's comment on Twitter came after a media report that SpaceX had asked the Pentagon to pay for the donations of Starlink. Musk activated Starlink, satellite broadband service, in Ukraine in late February after internet services were disrupted because of Russia's invasion. On Friday, an advisor to the Ukrainian president said Kyiv will find a solution to keep the Starlink internet service working in Ukraine. Musk, responding to a post referring to the fate of the Starlink service and the ambassador's remark, said:"We’re just following his recommendation."

☆ BoE signals to lenders it is prepared to extend bond purchases - FT
▼ + stars: | 2022-10-12 | by ( ) www.reuters.com time to read: +1 min

The report comes after the British central bank's governor Andrew Bailey said on Tuesday that he had no intention of extending purchases of bonds beyond Friday when they are due to stop. Sterling bounced 0.4% to $1.1008 after the report.FRXRegister now for FREE unlimited access to Reuters.com RegisterBy buying bonds, the BoE is seeking to reverse what it sees as "dysfunction" in the bond market. Specifically, the central bank was seeking to address problems facing pension funds. The BoE on Tuesday expanded its programme of daily bond purchases to include inflation-linked debt, citing a "material risk" to British financial stability and "the prospect of self-reinforcing 'fire sale' dynamics". Register now for FREE unlimited access to Reuters.com RegisterReporting by Shubham Kalia in Bengaluru; Editing by Kim CoghillOur Standards: The Thomson Reuters Trust Principles.

☆ Elon Musk sells $1 million worth of new perfume, 'Burnt Hair'
▼ + stars: | 2022-10-12 | by ( ) www.reuters.com time to read: +2 min

Oct 12 (Reuters) - The world's richest man, Elon Musk, has scented a new opportunity to capitalise on quirky products, launching a perfume called "Burnt Hair" that he said sold 10,000 bottles to earn a million dollars in just a few hours. Musk asked on Twitter, where he now describes himself as a perfume salesman. His Boring Company, a tunnelling firm last valued at $5.7 billion, sold flamethrowers at $500 apiece in early 2018, raising $10 million. He also sold 50,000 Boring Company hats. The Boring Company did not respond to a query on how long it planned to keep the perfume listed.

☆ Magnitude 7.6 earthquake strikes off La Placita de Morelos, Mexico -USGS
▼ + stars: | 2022-09-19 | by ( ) www.reuters.com time to read: 1 min

Register now for FREE unlimited access to Reuters.com RegisterSept 19 (Reuters) - A magnitude 7.6 earthquake struck near La Placita de Morelos in western Mexico, the U.S. Geological Survey said on Monday. The quake, which struck in the state of Michoacan, was at a depth of 15 km (9.3 miles) USGS said. The U.S. Tsunami Warning System said there was risk of a tsunami near the coast of Michoacan. (This story officially corrects to say quake struck on land and not at sea after USGS updated their alert; updates magnitude to 7.6 from 7.5, depth to 15 km)Register now for FREE unlimited access to Reuters.com RegisterReporting by Shubham Kalia in Bengaluru; editing by Jonathan OatisOur Standards: The Thomson Reuters Trust Principles.

☆ Uber investigating 'cybersecurity incident' after report of breach
▼ + stars: | 2022-09-16 | by ( ) www.reuters.com time to read: +3 min

REUTERS/Mike BlakeSept 16 (Reuters) - Uber Technologies Inc (UBER.N) said it was investigating a cybersecurity incident after a report of a network breach that forced the company to shut several internal communications and engineering systems. Uber began investigating the cybersecurity incident on Thursday. Uber employees were instructed to not use Salesforce Inc -owned office messaging app Slack, according to the NYT report. "I announce I am a hacker and Uber has suffered a data breach," the message read, and went on to list several internal databases that were allegedly compromised, the report added. The worker was persuaded to hand over a password that allowed the hacker to gain access to Uber's systems, the report said.

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