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☆ Andy Murray Returns to Wimbledon a Man in Full and on a Mission
▼ + stars: | 2023-07-02 | by ( Matthew Futterman | ) www.nytimes.com time to read: +1 min

In late May, with most of the world’s best tennis players focused on the red clay at the French Open, Sir Andy Murray was 300 miles away on the other side of the English Channel, dialed in on preparations for the grass at Wimbledon. But then his wife, Kim Sears, had to head up to Scotland for a few days to handle some business at the hotel she and Murray own. It’s all part of the next phase of Murray’s quixotic, late-career quest to finish his journey on his terms, metal hip and all. Maybe that means somehow recapturing the magic of 10 years ago, when he became the first British man in 77 years to win the most important title in his sport. Maybe it’s simply cracking the top 30 or 20 once more, proving wrong all the doctors and doubters who called him foolish for entertaining a future in professional tennis after hip resurfacing surgery in 2019.

Persons: Sir Andy Murray, Kim Sears, Murray, quixotic, doubters Locations: Scotland, Roehampton

☆ How the writers' strike is crushing Hollywood's next generation, as job-seekers face 'skyrocketing' debt, crumbling hope, and endless hours 'just doom-scrolling LinkedIn'
▼ + stars: | 2023-06-30 | by ( Reed Alexander | ) www.businessinsider.com time to read: +15 min

Hollywood development and production have mostly ground to a halt amid the film and TV writers' strike. Young workers hoping to break into entertainment say the strike has made a competitive job market even tougher. Sears, who is currently unemployed, graduated this year with a master's degree in entertainment industry management from Carnegie Mellon University. Now, she's attempting what feels like a herculean feat: getting her career off the ground in the midst of a months-long Hollywood writers' strike, the first labor stoppage to grind the industry to a halt in 15 years. Contact this reporter to share your experience during the writers' strike.

Persons: Young, Delaney Sears, — there's, Sears, they've, —, Joanna Sucherman, Sucherman, Trevor Romero, Romero, Dan Green, grads, Green, Nabha, She's, Purohit, they'd, execs, he's, haven't, Kody Proctor, Proctor, he'd, We've, Reed Alexander Organizations: Hollywood, Carnegie Mellon University, Writers Guild of America, SAG, WGA, Disney, Warner Bros, JLS Media, Fox, United Talent Agency, Young Entertainment, Carnegie Mellon's Heinz College of Information Systems, Public, Savannah College of Art, Alliance, Television Producers, Paramount Pictures, Melrose, Paramount, University of Southern, North Dakota, Carnegie, E, Victoria Cheyenne Locations: California, Angeles, LA, Chicago, Fremantle, Los Angeles, Brooklyn, Georgia, Elm, Mumbai, India, University of Southern California, North, North Hollywood, Victoria, Bolivia

☆ MLB roundup: Yanks' Domingo German fires perfecto vs. A's
▼ + stars: | 2023-06-29 | by ( ) www.reuters.com time to read: +11 min

Drew Waters had two hits and a walk for the Royals, who have lost 20 of their past 25 games. Minnesota starter Kenta Maeda (1-5) pitched five innings and allowed two runs on five hits, with two walks and four strikeouts. Angels starter Jaime Barria (2-3) allowed five runs on seven hits, including three home runs, in three innings. Blue Jays 6, Giants 1Toronto erupted for five runs in the first inning and went on to defeat visiting San Francisco. Aaron Nola (7-5) yielded four runs on seven hits over five innings but benefited from the Phillies' five-run second inning.

Persons: Domingo German, Stan Szeto, Domingo, Esteury Ruiz, Josh Donaldson, Feliz Hernandez, Don Larsen, David Wells, David Cone, Giancarlo Stanton, Harrison Bader, Volpe, Donaldson, Falefa, JP, Jose Ramirez, Josh Bell, Cleveland, Bo Naylor, Ramirez, Drew Waters, Matt Olson, Olson, Kolby Allard, Kirby Yates, Kenta Maeda, Royce Lewis, Ezequiel Tovar, Randal Grichuk, Cron, Jake Bird, Justin Lawrence, Victor Gonzalez, Yonny Hernandez, Mookie Betts, Freddie Freeman, Lawrence, David Peralta, J.D, Martinez, Seby Zavala, Eloy Jimenez, Luis Robert Jr, Robert, Zavala, Andrew Vaughn, Zach Remillard, Shohei Ohtani, Brandon Drury, Lucas Giolito, Jaime Barria, Patrick Corbin, Corbin, Keibert Ruiz, Jose Caballero, Logan Gilbert, George Springer, Trevor Richards, Bowden Francis, Richards, Austin Slater, LaMonte Wade Jr, Will Benson, TJ Friedl's, Adam Frazier's, Alexis Diaz, Fernando Cruz, Keegan Akin, Nick Castellanos, Edmundo Sosa, Josh Harrison, Aaron Nola, Drew Smyly, Jared Young, Dansby Swanson, Carlos Santana, Connor Joe, Henry Davis, Josh Palacios, Mitch Keller, Xander Bogaerts, Blake Snell, Blake Perkins, Christian Yelich, Bryse Wilson, Tommy Pham, Grant Hartwig, Perkins, Dane Dunning, Adolis Garcia, Dunning, Andy Ibanez, Kerry Carpenter, Marcus Semien, Corey Seager, Josh Jung, Ezequiel Duran, Leody Taveras, Joey Wentz, Jose Altuve, Jose Abreu, Houston, Louis, Altuve, Abreu, Nolan Arenado, Paul Goldschmidt, Jazz Chisholm, Garrett Cooper, Joey Wendle, Cooper, Braxton Garrett, Rafael Devers, Rob Refsnyder, Jarren Duran, Devers, Nick Pivetta, Josh Lowe's, Lowe, Scott McGough, Yandy Diaz, Wander Franco, Luke Raley, McGough, Randy Arozarena, Isaac Paredes, Ketel Marte Organizations: New York Yankees, Oakland Athletics, Oakland, Alameda County Coliseum, Oakland Coliseum, Yankees, Tampa Bay Rays, Brooklyn Dodgers, Minnesota Twins, Montreal Expos, JP Sears, Royals, Kansas City, Guardians, American League Central, Braves, Minnesota, Atlanta, Rockies, Dodgers, Colorado, Los Angeles, White Sox, Angels, Chicago, Brandon Drury . White Sox, Nationals, Mariners, Washington, Seattle, Blue Jays, Giants, San, Reds, Orioles, TJ, Cincinnati, Phillies, Cubs, Philadelphia, Padres, Pittsburgh, Pirates, Diego, Brewers, Mets, Milwaukee, New, Rangers, Tigers, Texas, The Rangers, Astros, Cardinals, Marlins, Red Sox, Boston, Rays, Diamondbacks, Tampa, Phoenix . The Rays, Thomson Locations: Oakland , California, USA, Domingo German, New York, Kansas, Cleveland, Minnesota, C.J, Los, Denver, Los Angeles, Anaheim , Calif, Toronto, San Francisco, Baltimore, Philadelphia, San Diego, Detroit, Arlington , Texas, Miami, Tampa Bay, Arizona, Phoenix .

☆ MLB roundup: Blake Snell helps Padres avoid sweep, dump Giants
▼ + stars: | 2023-06-23 | by ( ) www.reuters.com time to read: +7 min

He gave up six runs on four hits over 3 1/3 innings with four walks and two strikeouts. He allowed just one run on seven hits and struck out five while retiring seven of the final eight batters he faced. A's starter JP Sears (1-5) went seven innings for the second straight outing. The Marlins got a career-high 13 strikeouts in seven strong innings from starter Braxton Garrett, who left with a no-decision. The win went to Huascar Brazoban (2-1), and A.J.

Persons: Blake Snell, Sergio Estrada, Gary Sanchez, Manny Machado, Seong Kim, Sanchez, Snell, Alex Wood, Patrick Bailey, Byron Buxton, Joe Ryan, Jose Berrios, Berrios, Ryan, Buxton, Bryan Woo, Woo, Gleyber Torres, Anthony Rizzo, Isiah Kiner, Aaron Judge, Kolten Wong, Ty France, Teoscar Hernandez, Cal Raleigh, Domingo, Michael Harris II, Marcell Ozuna, Bryce Elder, Raisel Iglesias, Brandon Marsh, Alec Bohm, Tommy Henry, Riley Adams, Josh Bell, Myles Straw, Logan Allen, Nick Sandlin, JP, Garrett Cooper slugged, Braxton Garrett, Huascar Brazoban, Puk, Miami's Luis Arraez, Mitch Keller, Cooper's, Carmen Mlodzinski, Keller, Melendez, Yandy Diaz, Pete Fairbanks, Maikel Garcia, Aroldis Chapman, Scott Barlow, Randy Arozarena, Diaz, Shane McClanahan Organizations: San Diego Padres, San Francisco Giants, Oracle, USA, Padres, Giants, Red Sox, Twins, Chicago White Sox, Baltimore Orioles, Mariners, Yankees, Seattle, Cal, Braves, Phillies, Philadelphia, 10th, Diamondbacks, Washington, The Diamondbacks, Nationals, Athletics, Cleveland, Oakland, Guardians, JP Sears, Marlins, Pirates, Miami, New York Mets, Royals, Rays, Kansas City, Tampa, Thomson Locations: San Francisco , California, USA, Diego, Boston, Minneapolis, New York, Atlanta, Arizona, Pittsburgh, Tampa, St . Petersburg, Fla

FALLING STARWhen Odey set up Odey Asset Management, it was in the afterglow of then British Prime Minister Margaret Thatcher's deregulation of the stock market in London's 1986 "Big Bang". Privately educated at the elite Harrow school, Odey left Oxford University and began his career in traditional asset management before launching Odey Asset Management. But fund performance at Odey Asset Management has been a rollercoaster, with Odey renowned for taking risks. He liked to say leverage was like a drug - once you experienced it, you could never live without it, one hedge fund manager said. Lawmakers on Britain's Treasury Select Committee have written to the FCA to question the regulator's supervision of Odey Asset Management and Odey.

Persons: Crispin Odey, Odey, Banks, Robert Sears, CIOs, Don Steinbrugge, Margaret Thatcher's, Egerton Capital, Marshall Wace, Winton, Kwasi Kwarteng, Maiya Keidan, Nell Mackenzie, Iain Withers, Lawrence White, Dhara Ranasinghe, Elisa Martinuzzi, Alex Richardson Organizations: TORONTO, Reuters, Odey Asset Management, FT, Tortoise Media, Odey, Management, Britain's Financial, Authority, Generation Partners, Odey's, HSBC, Inc, Wall Street, Agecroft Partners, British, Harrow, Oxford University, Conservative Party, Barclays, Peugeot, Hong Kong, Lawmakers, FCA, Thomson Locations: LONDON, City, London, Toronto

☆ MLB roundup: Red Sox thrash Yankees 15-5
▼ + stars: | 2023-06-17 | by ( ) www.reuters.com time to read: +11 min

Turner went 3-for-5 with a two-run homer and a grand slam as Boston compiled a season-high 17 hits. Domingo German (4-4) was charged with seven hits and seven runs over two-plus innings. He followed it with a two-run homer in the third for his seventh career multi-homer game. He allowed Oakland's lone run in the third and yielded seven hits while striking out eight without issuing a walk. Twins starter Joe Ryan (7-4) allowed six runs and seven hits in seven innings.

Persons: Justin Turner, Rob Refsnyder, Paul Rutherford, Masataka Yoshida, Turner, Tanner Houck, Joe Jacques, Josh Donaldson, Anthony Rizzo, Domingo German, Brandon Crawford, Wilmer Flores, San Francisco, Austin Slater, Taylor Rogers, Jakob Junis, Emmet Sheehan, Alex Vesia, Andrew Abbott, Tyler Stephenson, Abbott, Stephenson, Miguel Amaya, Dansby Swanson, Christopher Morel, Morel, Nico Hoerner, Trey Mancini, Kyle Hendricks, Austin Hays, Ryan O'Hearn, Shane McClanahan, Randy Arozarena, McClanahan, Nelson Cruz, Isaac Paredes, Yu Darvish, Danny Jansen, Kevin Gausman, Jansen, Leody Taveras, Martin Perez, Luis Arraez, Arraez, Andrew Nardi, Puk, Lane Thomas, Jeimer Candelario, Carl Edwards Jr, NL Cy Young, Sandy Alcantara, Tylor Megill, Louis, Brett Baty, Tommy Pham, Daniel Vogelbach, Willson Contreras, Miles Mikolas, Travis d'Arnaud, Jared Shuster, d'Arnaud, Eddie Rosario, Joey Wiemer, Blake Perkins, Julio Teheran, Devin Williams, Jason Delay, Carlos Santana, Ke'Bryan Hayes, Rich Hill, Patrick Sandoval, Sandoval, Brandon Drury, Shohei Ohtani, Sam Bachman, Brady Singer, Kyle Schwarber, Taijuan Walker, Realmuto, Alec Bohm, Walker, Bryce Harper, Javier Baez, Matt Vierling, Mason Englert, Will Vest, Alex Kirilloff, Donovan Solano, Edouard Julien, Joe Ryan, Zac Gallen, Ketel Marte, Corbin Carroll, Christian Walker, Jose Ramirez, Triston McKenzie, Touki Toussaint, Teoscar Hernandez, Ty France, Matt Brash, Paul Sewald, Gavin Sheets, Andrew Benintendi, Tanner Banks, Hernandez's Organizations: Boston Red Sox, New York Yankees, Fenway, USA, Boston, Red Sox, New, Giants, Dodgers, San, Los, Reds, Astros, Cincinnati, Houston, Cubs, Orioles, Chicago, Baltimore, Rays, Padres, Tampa Bay, San Diego, Blue Jays, Rangers, Toronto, Marlins, Nationals, Miami, Washington, NL Cy, Mets, Cardinals, St, Braves, Rockies, Atlanta, Colorado, The Braves, Brewers, Pirates, Milwaukee, Pittsburgh, The Pirates, Royals, Angeles, Kansas City, Angels, Phillies, Athletics, Philadelphia, Oakland, JP Sears, Tigers, Minnesota, Twins, Diamondbacks, Arizona, Cleveland, Guardians, Mariners, White Sox, Seattle, Thomson Locations: Boston , Massachusetts, USA, New York, Los Angeles, France, San, Arlington , Texas, Toronto, Detroit, Minnesota, Minneapolis, Phoenix, Gallen

☆ MLB roundup: Andrew McCutchen gets 2,000th, Pirates win
▼ + stars: | 2023-06-12 | by ( ) www.reuters.com time to read: +13 min

Pittsburgh starter Mitch Keller (8-2) pitched seven innings, allowing one run and a season-low two hits, with seven strikeouts and two walks. Washington starter Trevor Williams (3-4) worked five innings and allowed two runs on seven hits, one walk and six strikeouts. Toronto right-hander Kevin Gausman allowed six runs, seven hits and four walks in 4 2/3 innings before the bullpen locked down the victory. Ian Gibaut (6-1) recorded five outs to earn the victory and Alexis Diaz pitched the ninth inning to earn his 15th save. The Giants erupted for 15 hits, seven for extra bases, and their fourth-most runs of the year to salvage one win in the three-game set.

Persons: Andrew McCutchen, Charles, Read, Marcano, Jack Suwinski, Mitch Keller, David Bednar, Jeff McNeil, Carlos Carrasco, Jorge Soler, Bryan De La Cruz, Luis Robert Jr, Soler, Garrett Cooper, Bryan Hoeing, Puk, Kendall Graveman, Seth Brown, Brent Rooker, Esteury Ruiz, JP Sears, Trevor May, Sam Long, Abraham Toro, Blake Perkins, Nolan Jones, Coco Montes, Ezequiel Tovar, Ryan McMahon, Jake Cronenworth, Fernando Tatis Jr, Blake Snell, McMahon, Tom Cosgrove, Brent, Jones, Enrique Hernandez, Kenley Jansen, Hernandez, Ron Marinaccio, Adam Duvall, Justin Turner, Triston Casas, Chris Martin, DJ LeMahieu, Anthony Volpe, Zach Neto, Shohei Ohtani, Matt Thaiss, Taylor Ward, Logan Gilbert, Griffin Canning, Teoscar Hernandez, Mike Ford, Gilbert, Corbin Carroll, Christian Walker, Kevin Ginkel, Scott McGough, Zach McKinstry, Arizona's Emmanuel Rivera, Jason Foley, Ketel Marte, Carroll, Rivera, Lourdes Gurriel Jr, flied, Walker, Marte, Kerry Carpenter, Geraldo Perdomo, Shane Bieber, Andres Gimenez, Josh Bell, Bieber, Bell, Brandon Bielak, Gimenez, Candelario, Dominic Smith, Washington, Matt Olson's, Atlanta's Bryce Elder, Elder, Trevor Williams, Nick Castellanos, Bryson Stott, Trea Turner, Bryce Harper, Taijuan Walker, Freddie Freeman, Jason Heyward, Caleb Ferguson, Gunnar Henderson, Ramon Urias, Ryan O'Hearn, Kyle Gibson, Salvador Perez, Mike Mayers, Carlos Hernandez, Franco, Shane McClanahan, Harold Ramirez, Robbie Grossman, Marcus Semien, Corey Seager, McClanahan, Matt Chapman, Kevin Gausman, Louie Varland, Donovan Solano, Alex Kirilloff, Trevor Larnach, Royce Lewis, Elly De La Cruz, Louis, De La Cruz, Ian Gibaut, Alexis Diaz, Adam Wainwright, Jordan Hicks, Nolan Arenado, Joc Pederson, Thairo Estrada, Brandon Crawford, shellacking, Pederson, Estrada, Blake Sabol, Michael Conforto, Nico Hoerner, Crawford Organizations: Pittsburgh Pirates, New York Mets, PNC, Pirates, National League Central, Pittsburgh, Mets, Marlins, White Sox, Miami, Chicago, The White Sox, Athletics, Brewers, Oakland, Milwaukee, Rockies, Padres, Colorado, San Diego, San, The Rockies, Brent Honeywell, Red Sox, Yankees, Boston, Triston, Mariners, Angeles, Seattle, Angels, Diamondbacks, Tigers, Detroit, Astros, Cleveland, Houston, Guardians, Nationals, Braves, Washington, Atlanta, House, Phillies, Dodgers, Philadelphia, Los, Orioles, Royals, Baltimore, Kansas City, Rays, Rangers, Tampa Bay, Texas, Blue Jays, Twins, Cavan Biggio, Toronto, Minnesota, Reds, Cardinals, Cincinnati, St, Giants, Cubs, The Giants, Thomson Locations: Pittsburgh , Pennsylvania, USA, Milwaukee, San, Denver, Colorado, San Diego, New York, Bronx, Boston, Anaheim , Calif, Arizona, Walker, Washington, Los Angeles, St . Petersburg, Fla, Texas, Toronto, San Francisco, Chicago, California

☆ MLB roundup: Andrew Abbott, Reds blank Brewers
▼ + stars: | 2023-06-06 | by ( ) www.reuters.com time to read: +5 min

[1/5] Jun 5, 2023; Cincinnati, Ohio, USA; Cincinnati Reds starting pitcher Andrew Abbott (41) pitches against the Milwaukee Brewers in the first inning at Great American Ball Park. Abbott (1-0) allowed just one hit, walked four and struck out six for the Reds. Pirates 5, Athletics 4Andrew McCutchen's sacrifice fly in the eighth provided the game-winning run as Pittsburgh topped visiting Oakland for its sixth straight win. Alejandro Kirk and Daulton Varsho hit solo home runs for the Blue Jays, who had their four-game winning streak end. Chicago starter Kyle Hendricks (0-2) gave up four runs on six hits with four strikeouts and no walks in six innings.

Persons: Andrew Abbott, Katie Stratman, Abbott, Alexis Diaz, Stuart Fairchild, Tyler Stephenson, Julio Teheran, Joey Wiemer, Nathaniel Lowe, Louis, Marcus Semien, Will Smith, Martin Perez, Genesis Cabrera, Shane McClanahan, Justin Turner's, Yandy Diaz, Wander Franco, Francisco Mejia, Rafael Devers, Christian Arroyo, Trea Turner, Aaron Nola, Nick Castellanos, Bryce Harper, Realmuto, Nick Maton, Joey Wentz, Luis Arraez, Arraez, Bryan De La, Braxton Garrett, MJ Melendez, Nick Pratto slugged, Mike Mayers, Andrew McCutchen's, Sam Moll, Ji Hwan Bae, Austin Hedges, Bae, flyout, Angel Perdomo, Colin Holderman, JP Sears, Corey Julks, Jake Meyers, Yordan Alvarez, Kyle Tucker, Yainer Diaz, Meyers, Alejandro Kirk, Daulton Varsho, Alex Manoah, Blake Snell, Gary Sanchez, Snell, Kyle Hendricks Organizations: Cincinnati Reds, Milwaukee Brewers, Reds, Milwaukee, Brewers, Rangers, Cardinals, St, Rays, Red Sox, Tampa, Boston, Tampa Bay, Phillies, Tigers, Philadelphia, Detroit, Marlins, Royals, Miami, Kansas City, Pirates, Athletics, Pittsburgh, Oakland, Astros, Blue Jays, Houston, Toronto, Padres, Cubs, Diego, Chicago, Thomson Locations: Cincinnati , Ohio, USA, Texas, Arlington , Texas, Marcus, Miami, Kansas, Toronto

☆ The collapse of the 'unremarkable middle' might be the best way to describe what's going wrong for retailers right now
▼ + stars: | 2023-05-30 | by ( Alex Bitter | ) www.businessinsider.com time to read: +4 min

Stores like Bed Bath & Beyond are an "unremarkable middle," Dennis said on the Remarkable Retail podcast. Fewer middle-income consumers mean a shrinking shopper base for retailers that historically catered to the middle class, Retail Dive reported in 2019. "The apocalyptic part is really about the collapse of the unremarkable middle," Dennis said on the podcast. That's putting new pressure on the "unremarkable middle," Dennis said. "Economic pressure is going to reveal more fragility on the part of many retailers," Dennis added.

☆ Jim Cramer: An economic wave is about to hit that will be fantastic for investors
▼ + stars: | 2023-05-14 | by ( Jim Cramer | ) www.cnbc.com time to read: +12 min

Ultimately, I have gotten to know my way around the CPI and it's a sloppy way to figure out pricing. Don't be frightened of the wave of deflation or misinterpret it as anything but fantastic for investors. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio. If Jim has talked about a stock on CNBC TV, he waits 72 hours after issuing the trade alert before executing the trade.

☆ MLB roundup: Cards' Willson Contreras stars in return to Chicago
▼ + stars: | 2023-05-09 | by ( ) www.reuters.com time to read: +7 min

[1/5] May 8, 2023; Chicago, Illinois, USA; St. Louis Cardinals catcher Willson Contreras (40) celebrates team's win against the Chicago Cubs at Wrigley Field. Colorado starter Kyle Freeland (3-4) gave up two runs and seven hits in seven innings, with four strikeouts and three walks. Cease went five-plus innings, allowing seven runs on nine hits while walking one and striking out six. Miami's Braxton Garrett (1-2) was charged with four runs and seven hits over 5 1/3 innings. San Francisco starter Anthony DeSclafani (3-2) got through seven innings, allowing five runs on 10 hits.

☆ MLB roundup: Dodgers stun Phillies on walk-off slam
▼ + stars: | 2023-05-04 | by ( ) www.reuters.com time to read: +13 min

Brandon Drury also hit a homer for the Angels, who won for the sixth time in their last eight games. Starter Seth Lugo (3-2) held the Reds to one run on seven hits over six innings to earn the win. Pfaadt, a touted pitching prospect, went 4 2/3 innings and allowed nine hits -- four of which were home runs -- and seven runs. Texas starter Andrew Heaney allowed six runs on four hits in 4 2/3 innings, with four walks and five strikeouts. Losing pitcher Eric Lauer (3-3) allowed four runs -- all unearned -- on four hits and struck out six in 4 2/3 innings.

☆ Bed Bath & Beyond store closures will kick off a land grab for fast-growing retailers
▼ + stars: | 2023-04-28 | by ( Melissa Repko | In Melissa-Repko | ) www.cnbc.com time to read: +3 min

In strip malls across the country, Bed Bath & Beyond stores have "Closing Soon" signs. Its shuttered stores will kick off a land grab for retailers hungry for additional space. Bed Bath will join a list of other bankrupt companies, such as Kmart and Sears, that vacated spaces and made way for stores. Former Bed Bath stores could turn into a variety of other retail spaces, said Deborah Weinswig, CEO of Coresight Research, a retail advisory group. Weaker retailers' locations thinned out during the fallout of the Great Recession and again during the Covid pandemic, said James Bohnaker, senior economist with Cushman & Wakefield.

☆ Cheesecake Fit for a Maestro
▼ + stars: | 2023-04-26 | by ( Ligaya Mishan | ) www.nytimes.com time to read: +2 min

What kind of cheesecake withstands burning and triumphs, and sears itself into the memories of child and worldly wise alike? The ingredient list is brief: for the filling, only cream cheese, sugar and vanilla extract. Oklahoma State University even features a recipe on its website, one of seemingly countless online. Kitsopoulos took a recipe from Pillsbury, developed by Deborah Harroun, the writer of the Taste and Tell blog. Where Pillsbury advises first rolling out the dough for the topping on parchment paper, she just plops it on.

☆ The $11.8 billion mistake that led to Bed, Bath & Beyond’s demise
▼ + stars: | 2023-04-25 | by ( Chris Isidore | ) edition.cnn.com time to read: +4 min

New York CNN —Bed, Bath & Beyond made plenty of mistakes that led to this week’s bankruptcy filing. “The company’s stewardship of their capital failed,” said Declan Gargan, retail director and credit analyst who follows Bed, Bath & Beyond for S&P Global Ratings. Across Corporate America, share repurchases reached a record $936 billion, according to S&P Dow Jones Indices, up from $882 billion in 2021. In fact the Bed, Bath & Beyond share repurchases were not enough to stop activist investors from pushing out top management of the company in 2019. President Joe Biden, a frequent critic of share repurchases, included a 1% tax on share repurchases in the Inflation Reduction Act passed by Democrats in Congress last year.

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☆ MLB roundup: Cubs' Drew Smyly flirts with perfection vs. Dodgers
▼ + stars: | 2023-04-22 | by ( ) www.reuters.com time to read: +11 min

Los Angeles starter Julio Urias (3-2) allowed five runs, seven hits (including two homers) and two walks in 3 1/3 innings. Seven of Urias' 10 earned runs allowed this season have come against Chicago. Philadelphia starter Aaron Nola tossed a season-high seven innings and allowed four hits and three runs with three strikeouts and three walks. Pittsburgh starter Mitch Keller (2-0) allowed two runs and four hits in six innings, with five strikeouts and a walk. Pivetta (1-1) allowed three runs on seven hits in 5 2/3 innings, striking out seven with one walk.

☆ GOP lawmaker leading Florida legislature's effort to rein in Disney was a company stock-holder until the DeSantis feud
▼ + stars: | 2023-04-21 | by ( Kimberly Leonard | ) www.businessinsider.com time to read: +11 min

One key ally, Sen. Blaise Ingoglia, previously held Disney stock but said he sold on principle. Ron DeSantis claw back control of Walt Disney World's special tax district was once a Walt Disney Company investor, annual disclosures show. Ingoglia told Insider that he manages his stocks himself, and that they were long-term holds with a retirement or brokerage account. The financial ties to Disney underscore the company's largess and influence in Florida, where it's the state's biggest attraction. Disney CEO Bob Iger told Time he would be willing to sit down with DeSantis over the feud.

☆ ValueAct urges ouster of Seven & i President Isaka - letter
▼ + stars: | 2023-04-21 | by ( Svea Herbst-Bayliss | ) www.reuters.com time to read: +2 min

The San Francisco-based investment firm, which owns a 4.4% stake in the convenience store operator, is ratcheting up the pressure by saying publicly that Isaka has acted in bad faith since becoming president in 2016. "It is time to find a new President for Seven & i," ValueAct wrote to Seven & i shareholders in a letter dated April 20. The letter also criticizes the board for having failed to conduct a succession review for Isaka. ValueAct said Seven & i recorded meetings with its team without its consent, violating privacy laws around the world. Seven & i did not immediately respond to a request for comment and ValueAct declined to comment beyond the contents of the letter.

☆ Bed Bath & Beyond stiffed thousands of workers on severance pay
▼ + stars: | 2023-04-20 | by ( Nathaniel Meyersohn | ) edition.cnn.com time to read: +9 min

Bed Bath & Beyond has been on bankruptcy watch and has been closing hundreds of stores since late 2022. Toys "R" Us and other chains that filed for bankruptcy have been criticized for failing to pay workers severance. There is no federal requirement for severance pay, although some collective bargaining agreements with unions cover severance agreements. At Bed Bath & Beyond, CEO Sue Gove is eligible for $7.1 million in severance pay and former Bed Bath & Beyond CEO Mark Tritton is suing the company for $6.8 million in unpaid severance. ‘This was our reward’Some Bed Bath & Beyond employees recently laid off in other states did not receive severance pay either, as first reported by Bloomberg.

☆ Mall of America Wins Supreme Court Case Over Sears Lease
▼ + stars: | 2023-04-19 | by ( Akiko Matsuda | ) www.wsj.com time to read: 1 min

The U.S. Supreme Court on Wednesday ordered an appeals court to review Mall of America’s dispute with the former chairman of Sears Holdings Corp. over a $10-a-year store lease, potentially opening the door for landlords or vendors to challenge the sale of bankrupt businesses. The justices unanimously ruled against Transform Holdco LLC, the real-estate company backed by former Sears Chairman Eddie Lampert that purchased some of the best-performing Sears and Kmart stores out of chapter 11 in 2019. Transform had argued that a bankruptcy provision protects asset buyers from such disputes to encourage them to close on sales.

In a 9-0 ruling written by Justice Ketanji Brown Jackson, the Supreme Court overturned a lower court's decision against MOAC Mall Holdings LLC, the parent company of the mega-mall located in Bloomington, Minnesota. The lease provided Sears with a three-story, 120,000-square foot (11,000 square meters) location at the mall for a rent of just $10 a year. Mall of America went to court to try to stop the lease transfer during the Sears bankruptcy process. Circuit Court of Appeals found in 2021 that bankruptcy law does not allow for appeals of court-approved bankruptcy sales. While bankruptcy law limits the ability of courts to unwind a sale after appeal, it does not prevent appeals entirely, the Supreme Court ruled.

☆ Mall of America can continue to fight Sears' new owners – who are hoping to keep the retailer's shocking $10-a-year lease
▼ + stars: | 2023-04-19 | by ( Dominick Reuter | ) www.businessinsider.com time to read: +3 min

The Supreme Court unanimously decided that the Mall of America can challenge a lease it has with Sears. In 1991, the mall gave Sears a 100-year lease on a three-story location for just $10 per year. Mall of America objected, saying that landlords have a right to "adequate assurance of future performance" by whoever took over Sears' lease. The bankruptcy court overruled the mall's objection. That appeal too was dismissed, which led the mall to petition the Supreme Court.

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☆ Leon Levine, Family Dollar founder, dies at 85
▼ + stars: | 2023-04-11 | by ( Nathaniel Meyersohn | ) edition.cnn.com time to read: +2 min

New York CNN —Leon Levine, who built Family Dollar into a discount retail giant catering to America’s lower-income and middle-class shoppers, has died at 85. Three dollar store chains — Dollar General, Dollar Tree and Family Dollar — are now the fastest-growing US retailers. Levine opened the first Family Dollar store in 1959 at age 22 in Charlotte, North Carolina, with his cousin. “We’re just the opposite of a Wal-Mart,” Family Dollar president George Mahoney told the Associated Press in 1993. (Today, there are more than 8,000 Family Dollar stores.

☆ Starbucks new CEO wants senior leaders to work in stores. Every leader should follow suit.
▼ + stars: | 2023-04-10 | by ( Avery Hartmans | ) www.businessinsider.com time to read: +7 min

Former Walmart CEO Greg Foran used to visit stores every week to observe factors like customer service, inventory levels, in-stock levels, and assortment. Fewer retail CEOs got their start working in storesLowe's CEO Marvin Ellison started his retail career as a Target security guard. Others went through management-training programs operated by department stores. As department stores started facing stiff competition from specialty stores, they scrambled to cut costs. These days, finding a qualified retail CEO seems like one of the hardest jobs to fill, with many companies looking outside the retail industry.

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