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☆ Angelo Mozilo, Countrywide Financial's former CEO, dies at 84
▼ + stars: | 2023-07-17 | by ( ) www.reuters.com time to read: +1 min

July 17 (Reuters) - Angelo Mozilo, who propelled Countrywide Financial Corp into the largest U.S. mortgage lender before its crash in the 2008 financial crisis, has died, his family foundation said. Mozilo, 84, died of natural causes, the foundation said in a statement on Sunday. In 2006, when Mozilo was the chief of the mortgage lender Countrywide Financial, the firm originated $461 billion worth of loans -- close to $41 billion of which were subprime. Subprime loans were responsible for the global financial crisis. Mozilo had defended himself several times against accusations that he was a key architect of the 2007-2009 financial crisis.

Persons: Angelo Mozilo, Mozilo, Conde Nast, Shubhendu Deshmukh, Nupur Anand, Franklin Paul, Deepa Babington Organizations: Countrywide Financial Corp, Countrywide Financial, Bank of America, Bloomberg, Thomson Locations: Bronx, United States, Bengaluru, New York

Compare Sapphire Preferred and Ink Business Preferred Chase Sapphire Preferred® CardInk Business Preferred® Credit Card Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. Here's a detailed look at the biggest differences between the Chase Sapphire Preferred® Card and the Ink Business Preferred® Credit Card. The other major difference is that the Ink Business Preferred® Credit Card offers cell phone protection against theft or damage. Chase Sapphire Preferred Compared to Ink Business PreferredThough similar — each charges a $95 annual fee that is not waived the first year — the Sapphire Preferred and Ink Business Preferred® Credit Card have different welcome bonus requirements and bonus spending categories. If you're thinking of getting both cards, apply for the Ink Business Preferred® Credit Card first.

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☆ ‘And Just Like That …’ Style Recap: Dressing Your Age
▼ + stars: | 2023-07-06 | by ( The Styles Desk | ) www.nytimes.com time to read: +1 min

This article contains spoilers for Episode 4 of the second season of “And Just Like That …”“Women our age are grossly underrepresented in the media,” says Enid Frick (Candice Bergen), a former Vogue editor recently given the boot by Condé Nast, in the latest episode of “And Just Like That …” She’s explaining the need for a new online magazine that’s “focused on women our age.”For Carrie (Sarah Jessica Parker), the pitch’s wincing recipient, being demographically lumped in with her onetime editor touches off a minor identity crisis — one that raises interesting questions about aging, maturity, confidence and how we present ourselves to the world. (As Gloria Steinem muses from a staircase: “Maybe the new frontier is aging.”)Of course, this being the “Sex and the City” cinematic universe, the clothes tell the story. Ahead of Episode 4, members of The New York Times’s Styles desk got together to dissect the fashion on display, and its significance. Vanessa Friedman I actually thought this was a relatively toned-down episode, as far as fashion statements went, though I still can’t get Lisa Todd Wexley dropping off her children for camp in a Louis Vuitton-branded bomber jacket and scarf out of my mind.

Persons: ”, Enid Frick, Candice Bergen, Condé Nast, “, Carrie, Sarah Jessica Parker, Gloria Steinem, Times’s Styles, Vanessa Friedman, Lisa Todd Wexley, Louis Organizations: Vogue, The, Louis Vuitton

☆ Rize: Turkey’s hidden mountain hideaways
▼ + stars: | 2023-07-03 | by ( Feride Yalav-Heckeroth | ) edition.cnn.com time to read: +11 min

CNN —Rize province, on the Black Sea coast near Turkey’s northeast border with Georgia, is still largely unknown to many international travelers. Away from Rize itself – the seaside city which lends its name to the province – the area’s valleys and plateaus, surrounded by high-altitude mountain ridges, have remained largely rural. With high rates of rainfall, Rize’s mountain villages (yayla) become a point of escape from summer temperatures. “The state of tourism in Rize is not very pleasant because visitors often arrive without much knowledge about the local culture or the nature. “I think the purpose of coming to Rize shouldn’t be to rush through everything and take a few selfies.

Persons: Orhan Eskiva, café, hamsili, Rize’s, Zeyne, Ahmet Şişman, İbrahim Birben, it’s, Dağ Evi, Trebizond, Emre Corbaci, Taşkın, ”, Elif, Peri, Deniz Demirci Tarakçı, Çinçiva, “, Işık Güner, Feride, Conde Nast Organizations: CNN, Ottomans, Apo, Rize Zua Coffee Locations: Rize, Turkey’s, Georgia, Rize province, Çamlıhemşin, Forestry, Karadeniz, Russia, Senyuva, Çamlıhemşin’s, Mola, Sümela, Trabzon, Zilkale, Armenian, Şenyuva, Istanbul, Pokutsal, Peri, Rize Zua, Yasemin, Barcelona, Fırtına, “, Lake Constance, Kinfolk

☆ Reddit API charges spark community outrage, dayslong blackout
▼ + stars: | 2023-06-12 | by ( Rohan Goswami | In Rohangoswamicnbc | ) www.cnbc.com time to read: +2 min

Steve Huffman, CEO of Reddit, delivers remarks on 'Redesigning Reddit' during the Web Summit in Lisbon, Portugal, Nov. 8, 2017. More than 6,000 Reddit communities have gone dark and are restricting access to protest the changes to the company's developer billing structure, beginning Monday morning. The blackout comes after Reddit told developers that it would begin to charge thousands of dollars for access to an application programming interface, or API. Among the concerns for the blackout organizers is allowing third-party apps to run advertising for the third-party developer's benefit. Developers use APIs to communicate directly with a website's software or infrastructure, and they allow Reddit's third-party developer ecosystem to build applications and services for users.

Persons: Steve Huffman, Reddit, Condé Nast, Elon Musk, Christian Selig Organizations: Advance Publications, Charter Communications, Warner Bros ., Twitter Locations: Lisbon, Portugal

☆ Reddit to lay off about 5% of its workforce
▼ + stars: | 2023-06-06 | by ( ) www.reuters.com time to read: +1 min

June 6 (Reuters) - Reddit said on Tuesday it is laying off about 5% of its workforce, or 90 employees, joining a list of technology companies that have been cutting jobs across corporate America. Tech companies including Meta Platforms (META.O) have been slashing jobs after aggressively hiring during the pandemic, as the industry braces for an economic downturn. The Wall Street Journal first reported Reddit's move on Tuesday, citing an email sent to employees from Chief Executive Steve Huffman. In December 2021, Reddit had confidentially filed for an initial public offering with the U.S. securities regulator after the company's message boards became the go-to destination for day traders during a meme stock frenzy. Reporting by Bhanvi Satija and Samrhitha Arunasalam in Bengaluru; Editing by Maju SamuelOur Standards: The Thomson Reuters Trust Principles.

Persons: Reddit, Conde Nast, Steve Huffman, Huffman, Bhanvi Satija, Maju Samuel Organizations: America . Tech, Meta, Facebook, Street Journal, Thomson Locations: Bengaluru

☆ Former CNN boss Jeff Zucker's $1 billion venture is reportedly considering a big investment in former Vanity Fair editor Graydon Carter's media startup Air Mail
▼ + stars: | 2023-06-04 | by ( Alison Brower | ) www.businessinsider.com time to read: +3 min

Zucker's firm, RedBird IMI, is reportedly one of three investors circling a majority stake in Air Mail. Jeff Zucker's media venture, RedBird IMI, is exploring a majority stake in Graydon Carter's startup Air Mail, The New York Times reported. It is one of three investors circling Air Mail, according to the Times. Carter, who spent 25 years leading Condé Nast's Vanity Fair, launched Air Mail — "a lively digital weekly for the world citizen," per its website — in 2019. In May 2021, as he was seeking investors for the series B, Carter told Insider he expected Air Mail to reach profitability in three years.

Persons: Jeff Zucker, Graydon Carter's, Zucker, Jeff Zucker's, Carter, Condé, Axios, RedBird, Zucker's, Chris Licht, David Zaslav, Licht, Donald Trump, Zaslav, Carter cohosted Organizations: CNN, IMI, Air Mail, Morning, RedBird IMI, The New York Times, RedBird Capital Partners, Abu, Media Investments, Air, Times, Standard Investments, TPG Growth, Warner Bros, Discovery, Cannes Film Locations: Abu Dhabi, Zaslav

☆ Reddit will charge hefty fees to the many third-party apps that access its data
▼ + stars: | 2023-06-01 | by ( Rohan Goswami | In Rohangoswamicnbc | ) www.cnbc.com time to read: +3 min

Application programming interfaces (APIs) have long been the way that third parties access the data from large internet companies and connect to their apps. Reddit has a thriving ecosystem of apps, plugins, and services created by amateur and professional developers. Users and developers were outraged when Twitter said it would charge $42,000 for 50 million requests. Apollo said it paid about $166 for the same number of API requests from the online-image sharing service Imgur. While many companies charge for API use, Reddit has historically derived the bulk of its income from advertising.

Persons: Baumgartner, Reddit, Conde Nast, Elon Musk, Twitter, Reddit didn't Organizations: Advance Publications, Charter Communications, Warner Bros ., Twitter

☆ In pointed dissent, Justice Kagan accuses fellow liberal Justice Sotomayor of hypocrisy in Warhol decision, says the court is 'trying too hard' and anti-artist ruling will 'stifle creativity' and 'mak
▼ + stars: | 2023-05-21 | by ( Katherine Tangalakis-Lippert | ) www.businessinsider.com time to read: +5 min

In her dissent against the 7-2 majority, Justice Kagan accused her colleagues of hypocrisy. Lynn Goldsmith's photograph of Prince; Andy Warhol's silkscreen print of Prince, featured on the cover of a Condé Nast magazine. Quoting the 1965 film "The Sound of Music," Kagan wrote: "'Nothing comes from nothing,' the dissent observes, 'nothing ever could.' "The majority claims not to be embarrassed by this embarrassing fact because the specific reference was to his Soup Cans, rather than his celebrity images," Kagan wrote. "It will stifle creativity of every sort," Kagan wrote.

☆ Supreme Court rules against Andy Warhol Foundation in copyright case over Prince photo
▼ + stars: | 2023-05-18 | by ( Dan Mangan | ) www.cnbc.com time to read: +1 min

The Supreme Court on Thursday ruled against the Andy Warhol Foundation in a copyright dispute over the use of a celebrity photographer's image of the musician Prince for artwork created by Warhol. Goldsmith had sued the Warhol Foundation for copyright infringement over its licensing of an image called "Orange Prince" to Conde Naste, the parent company of Vanity Fair magazine, in 2016. Orange Prince is one of 16 Warhol silkscreens based on her photo, which Goldsmith only became aware of in 2016. Although a federal district court rule in the Warhol Foundation's favor, that ruling was overturned by the U.S. 2nd Circuit Court of Appeals. "Lynn Goldsmith's original works, like those of other photographers, are entitled to copyright protection, even against famous artists," the court said in the majority opinion. "

☆ News startup Messenger launches with Trump 'exclusive' while advertisers expressed skepticism ahead of debut: 'We can't have another Quibi'
▼ + stars: | 2023-05-15 | by ( Lucia Moses | ) www.businessinsider.com time to read: +8 min

Jimmy Finkelstein's startup The Messenger launched today with a Trump interview leading the site. Advertisers said it'll be tough to sell ads on a site without an established audience. The site led with an interview with former President Donald Trump and ads from the American Petroleum Institute. The Messenger said it'll roll out seven other verticals including business, entertainment, and sports later in the year. Image from The Messenger's launch ad campaign.

☆ An airline founder flew to an airport to personally apologize to passengers after they got stuck there overnight, reports say
▼ + stars: | 2023-05-14 | by ( Jyoti Mann | ) www.businessinsider.com time to read: +3 min

The founder of Starlux Airlines flew to an airport to personally apologize to passengers. Chang Kuo-wei went to Tokyo's Narita airport following the delays and cancellations. Passengers were stuck overnight at the terminal on May 6, according to Taiwan News. The founder of a Taiwanese airline flew to an airport to personally apologize to passengers who got stuck there overnight after a flight was delayed and canceled, Taiwan News reported. Chang Kuo-wei, founder of the airline that started flying in 2020, flew to Narita that morning to apologize to passengers.

☆ I got laid off from Twitter in November, but now I'm making six figures as a food influencer. Here's how.
▼ + stars: | 2023-05-13 | by ( Lakshmi Varanasi | ) www.businessinsider.com time to read: +5 min

This is an as-told-to story based on a conversation with Priyanka Naik, the food blogger behind the brand Chef Priyanka. All the while, I was building my brand: Chef Priyanka. Eventually, I started getting recognition from various food media sites. Twitter gave me flexibilityOne of the reasons I stayed so long at Twitter was because of the reach and flexibility it gave me to grow Chef Priyanka. And in some ways, it was the nudge I needed to turn Chef Priyanka into a full-time gig.

☆ The Messenger, Jimmy Finkelstein's digital news startup, meets advertiser skepticism ahead of May 15 launch: 'We can't have another Quibi'
▼ + stars: | 2023-05-11 | by ( Lucia Moses | ) www.businessinsider.com time to read: +8 min

Jimmy Finkelstein's startup The Messenger will roll out an ad campaign touting its mission to provide unbiased news. An ad campaign by Publicis unit Le Truc will kick off May 22 and is designed to provoke, with copy like "Agendas are for meetings. Image from The Messenger's launch ad campaign. The Messenger said it'll have three to four big advertisers at launch as well as a significant amount of programmatic advertising. The Messenger's ad campaign promotes its ambitions to provide unbiased news.

☆ Dawn Davis Resigns as Bon Appétit Editor to Rejoin Simon & Schuster
▼ + stars: | 2023-04-25 | by ( Julia Moskin | Elizabeth A. Harris | ) www.nytimes.com time to read: +1 min

Dawn Davis, a veteran book editor who was hired in 2020 to put Bon Appétit magazine back on track after mass resignations and allegations of racism at its parent company, Condé Nast, resigned on Tuesday. She will return to Simon & Schuster as the publisher of 37 Ink, an imprint she founded in 2013, and as executive editor of the Simon & Schuster trade imprint. “I’ve made the difficult decision to return to book publishing,” Ms. Davis wrote in a note to her staff at Bon Appétit and Epicurious, the company’s recipe website. She said that she would remain in the job until September, and cited successes like “helping build Bon Appétit and Epicurious’ authority in the culinary industry, developing delicious and thought-provoking content, growing our audiences across channels, and diversifying our team and the audiences that we reach.”But, she said in a public statement, “being away from books has only made me realize how much I love working on manuscripts.” She did not immediately respond to a request for comment. In her first editor’s letter at Bon Appétit, in February 2021, Ms. Davis wrote that “when the call came to leave book publishing to take the helm at this storied magazine as it reckoned with racial and cultural equity, it was impossible to resist.”

☆ Exclusive After the First Date. Living Together Three Days Later.
▼ + stars: | 2023-04-21 | by ( Tammy Lagorce | ) www.nytimes.com time to read: +1 min

Just after Kimberly Lauren France and Paul Richard Green met on Tinder in early April 2021, Mr. Green floated an idea. Ms. France, who goes by Kim, agreed to the plan, but told Mr. Green that his search would uncover her age, which wasn’t listed on the app. “Just so you know, I’m older than you,” she texted him days before their April 10 meeting in Brooklyn’s Prospect Park. The careers of Ms. France and Mr. Green churn up plenty for internet sleuthing. In 1999, Ms. France, 59, was the founding editor of the Condé Nast shopping magazine Lucky.

☆ Softbank-backed adtech firm Permutive announces further layoffs, which could affect up to 40% of staff
▼ + stars: | 2023-04-11 | by ( Lara O'Reilly | ) www.businessinsider.com time to read: +2 min

Permutive told staffers this week it's preparing a round of layoffs that may affect up to 40% of staff. It follows an earlier round of layoffs in August last year, which reduced its then-headcount by 12%. Permutive said it wants to focus on profitability amid a challenging economic environment and drop in venture funding. UK-based adtech company Permutive this week announced a layoff that is expected to affect just under 80 staffers, or about 40% of its headcount, Insider has learned. UK employment laws stipulate employers laying off more than 20 staff must consult with employee representatives over redundancy plans.

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Persons: CitiBusiness, Cardholders, gunning, Silver, That's, AAdvantage, American Airlines Miles Worth, you'll, Eric Rosen Eric Rosen, Condé Organizations: Business Insider, Citi, Mastercard, Citi ®, American Airlines, American, AA, oneworld, Barclays, Airlines, AAdvantage, American Airlines Admirals Club, AA itineraries, American Airlines oneworld, Alaska Airlines British Airways Cathay, Iberia Japan Airlines Malaysia Airlines Qantas Qatar Airways Royal Air Maroc Royal Jordanian Airlines S7 Airlines American Airlines, Air, Cape Air China Southern Airlines Etihad Airways Fiji Airways GOL Airlines Hawaiian Airlines, Virgin, British Airways, Etihad, Nike, Hyatt, Marriott Bonvoy, Marriott, Hyatt and American Airlines, Japan Airlines, Qantas, Cathay Pacific, Qatar Airways, Cathay, British, Eagle, Admirals Club, National Geographic, Bloomberg Locations: Iberia, Cape Air, Canada, Hawaii, Alaska, Europe, North America, Asia, Australia, East, Africa, Cathay Pacific, Hong Kong, Japan, China, South Korea, New Zealand, Los Angeles, Kenya, Laos

☆ Grime, dirt, stink and funk: Tween boys are skincare’s hottest market
▼ + stars: | 2023-03-26 | by ( Parija Kavilanz | ) edition.cnn.com time to read: +6 min

But, until recently, there’s been a glaring shortage of products targeting the skincare needs of one key demographic – tween boys. Maguiness, a board-certified pediatric dermatologist, and three other co-founders launched the boys skincare brand in 2020, at the height of the pandemic. The affordable line, which includes a face wash, body wash, moisturizer and topical acne treatment priced under $25, rolled into Target stores and online the following year. courtesy Stryke ClubThe personal care products market overall in the US amounts to more than $25 billion annually (according to market research firm NPD), but very little of it caters to boys. The body wash, for example, contains prebiotic chia eed extract, which acts as an anti-inflammatory and anti-microbial ingredient, said Biren.

☆ Grime, dirt, stink and funk: Tween boys are skin care’s hottest market
▼ + stars: | 2023-03-26 | by ( Parija Kavilanz | ) edition.cnn.com time to read: +6 min

But, until recently, there’s been a glaring shortage of products targeting the skin-care needs of one key demographic – tween boys. The affordable line, which includes a face wash, body wash, moisturizer and topical acne treatment priced under $25, rolled into Target stores and online the following year. “Whether it’s young sensitive skin, or acne, eczema or their first shave, boys have specific skin needs,” said Maguiness. courtesy Stryke ClubThe personal care products market overall in the US amounts to more than $25 billion annually (according to market research firm NPD), but very little of it caters to boys. The body wash, for example, contains prebiotic chia seed extract, which acts as an anti-inflammatory and anti-microbial ingredient, said Biren.

☆ After Three-Year Renovation, Former Condé Nast CEO Lists Florida Home for $15.9 Million
▼ + stars: | 2023-03-09 | by ( Libertina Brandt | ) www.wsj.com time to read: 1 min

Be the first to know about the biggest and best luxury home sales and listings by signing up for our Mansion Deals email alert. Former Condé Nast CEO Charles Townsend is listing a newly renovated house in Vero Beach, Fla., for $15.9 million.

☆ Publishing Magnate Si Newhouse’s Art Trove Could Sell for Near $150 Million
▼ + stars: | 2023-02-21 | by ( Kelly Crow | ) www.wsj.com time to read: +1 min

The estate of publishing magnate Samuel Irving Newhouse Jr. took note last fall when collectors clamored after Microsoft co-founder Paul Allen’s $1.6 billion record-setting estate sale. Heartened by the art market’s resilience, the publisher’s family said Tuesday it plans to follow suit—auctioning off more of Mr. Newhouse’s own trove this spring. The move marks the third time the Newhouse estate has plied his pieces into sales since he died six years ago at age 89—a trickling strategy that contrasts with the theatrical, everything-must-go atmosphere conjured when Mr. Allen or the Rockefellers before him sold off vast art holdings all at once. The 16 latest works consigned to Christie’s for its coming New York sales in May represent a fraction of the art amassed over the decades by Condé Nast’s chairman emeritus, but the batch is estimated to top $144 million and will showcase his taste for a broad sweep of artists, including Pablo Picasso, Francis Bacon, Jasper Johns and Lee Bontecou.

☆ Schibsted, publishers look to EU tech rules to resolve Apple antitrust concerns
▼ + stars: | 2023-02-08 | by ( Foo Yun Chee | ) www.reuters.com time to read: +2 min

BRUSSELS, Feb 8 (Reuters) - Norwegian media group Schibsted (SCHA.OL) and the European Publishers Council have urged EU antitrust regulators to ensure that tech rules coming into play this year will rein in Apple's (AAPL.O) powers, especially over its App Store. Apple is already in the EU antitrust crosshairs related to its App Store practices in music streaming, in e-books and competing apps as well as its mobile payment system Apple Pay. Apple's App Store practices affect Schibsted because of its market power in Scandinavia where up to 60% of consumers have an iPhone in Norway and Sweden, said Petra Wikstrom, director of Public Policy at Schibsted. Apple, which would be forced to loosen its App Store rules under the DMA, could not be reached for comment. In 2021, to allay Japanese antitrust concerns, it scraped the ban on providing separate links on App Store apps for reader apps which provide content such as e-books, video and music.

☆ Spotify cuts 6% of its workforce, content chief departs
▼ + stars: | 2023-01-23 | by ( Ryan Browne | ) www.cnbc.com time to read: +2 min

Spotify has a total workforce of around 9,800 people, which means the cuts impact about 600 employees. Dawn Ostroff, Spotify's head of content, is also leaving the firm. Ostroff, a former president of Conde Nast Entertainment, joined Spotify in 2018 to help the company grow its fledgling advertising and podcasting businesses. In her time at Spotify, Ostroff signed Barack and Michelle Obama's production company Higher Ground Productions to have the former U.S. president and first lady work on exclusive podcasts for Spotify. She also led the deal to get exclusive rights to The Joe Rogan show and was responsible for negotiating exclusive podcasting deals with Kim Kardashian, Prince Harry and Meghan Markle.

☆ Apple is looking for a top sales executive to spearhead a giant advertising push in sports and streaming. Here are 16 execs who could score the job.
▼ + stars: | 2023-01-19 | by ( Claire Atkinson | Lucia Moses | Lara O'Reilly | ) www.businessinsider.com time to read: +15 min

Netflix also conducted a search before hiring two Snap executives, Jeremi Gorman and Peter Naylor, to lead its new ads business. XandrLesser, a longtime digital ad executive, has extensive experience working on issues around the future of digital marketing. McDonald has a ton of other digital ad sales and publishing experience. She helped launch Modi Media, ad buying giant GroupM's addressable TV business, before joining TV adtech startup Cadent. UnivisionValentino runs Disney's digital ad business as EVP, client and brand solutions.

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