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Miami Dolphins quarterback Tua Tagovailoa left Thursday’s game against the Buffalo Bills with a concussion, the team announced. Last season was the only year in his career in which Tagovailoa appeared in every game for the Dolphins. Against the Cincinnati Bengals on a Thursday night game that season, Tagovailoa suffered his first concussion, exhibiting the fencing response after his head hit the ground on a sack. The concussion Tagovailoa suffered against the Bengals came on the heels of a controversy in which the NFLPA believed he wasn’t properly evaluated for a concussion four days earlier in a game against Buffalo. In July, the Dolphins signed Tagovailoa to a four-year, $212.4 million contract, with $167 million guaranteed.
Persons: Tua Tagovailoa, Tagovailoa, Damar Hamlin, Tagovailia, concussed Organizations: Miami Dolphins, Buffalo Bills, Bills, Dolphins, Cincinnati Bengals, Bengals, Buffalo, NFL, Green Bay Packers
Close-up of sign at entrance to Silicon Valley headquarters of outsourcing and freelancing company Upwork, Mountain View, California, May 3, 2019. Activist investor Engine Capital has a roughly 4% stake in freelance marketplace Upwork and is pushing for a shakeup to the company's board. Upwork shares rose more than 3% on the news in pre-market trading Friday. Engine singled out several Upwork directors, including Chairman Thomas Layton and Greg Gretsch, for their lengthy tenures. Meanwhile, none of Upwork's directors have any apparent experience in staffing industry, the activist said.
Persons: Hayden Brown's, Brown, Arnaud Ajdler, Thomas Layton, Greg Gretsch, Splunk, Gary Steele, Ajdler, Upwork, Fiverr, Upwork didn't Organizations: CNBC Locations: Silicon, View , California
Norfolk Southern CEO Alan Shaw testifies at a hearing before the Senate Environment and Public Works Committee on protecting public health and the environment in the wake of the Norfolk Southern train derailment and chemical release in East Palestine, Ohio in Washington, D.C., the United States, March 9, 2023. The board's focus on that other executive, chief legal officer Nabanita Nag, has not previously been detailed. Norfolk Southern said it won't comment until the conclusion of the probe. The Wall Street Journal earlier reported that Shaw was expected to resign, citing people familiar with the matter. The railroad's board is presented with a significant challenge: the alleged relationship involves the chief executive and Nag, who is also the company's corporate secretary — the two executives which have the most contact with the board.
Persons: Alan Shaw, Ancora, Nabanita Nag, Nag, Shaw, We're, Scott Bunten, We've, haven't, Bunten Organizations: Norfolk Southern, Environment, Public, Washington , D.C, of Locomotive Engineers, Trainmen, CNBC, Norfolk, Street Locations: Norfolk, East Palestine , Ohio, Washington ,, United States
Alan Shaw, President and CEO, Norfolk Southern at the NYSE, June 7, 2022. Norfolk Southern CEO Alan Shaw is out effective immediately after the board determined he engaged in a consensual relationship with chief legal officer Nabanita Nag, the company announced Wednesday. The company announced Nag would be terminated as well, based on the board's preliminary investigation. "I am honored to take on this role and lead Norfolk Southern," George said in a press release. George has served as Norfolk Southern's CFO for nearly five years and was integral to the company's efforts to stave off activist investor Ancora.
Persons: Alan Shaw, Nabanita Nag, Mark George, Nag, Shaw, George, Ancora Organizations: Norfolk, NYSE, Norfolk Southern, CNBC Locations: Norfolk Southern, Norfolk
An Iranian-born research scientist who filed a federal discrimination lawsuit alleging she had been harassed by a University of Alabama at Birmingham co-worker for nine years because of her ethnicity has been awarded more than $3.8 million in damages. “Day and night, I was looking for a job, any job, but nobody would hire me because my name was tarnished,” Moeinpour told NBC News. “Now, my good name has been restored.”UAB, according to the jury verdict, was ordered to pay Moeinpour $3 million in damages. Finally, Moeinpour told Grubbs on Feb. 13, 2020, that she had gone over his head and called human resources. “When Ms. Moeinpour fell to the floor, he fell on top of her and held her down,” the lawsuit said.
Persons: Fariba Moeinpour, ” Moeinpour, Mary Jo Cagle, Moeinpour, Eric Artrip, , ” Artrip, Alicia Rohan, Rohan, Cagle, Clinton Grubbs, Grubbs ’, Grubbs, , ” Cagle, “ Cagle, Dr, hadn’t, Grubbs “, groping, Moeinpour “, ” Grubbs Organizations: University of Alabama, Birmingham, Northern District of, NBC News, ” UAB, UAB, of Health, Services, UAB School of Medicine, Employment, Commission, NBC Locations: Iranian, Northern District, Northern District of Alabama, American, U.S, Iran, Birmingham
A Southwest Airlines plane takes off from Hollywood Burbank Airport above other Southwest planes on July 25, 2024 in Burbank, California. Southwest Airlines said Tuesday that executive chairman and former CEO Gary Kelly will retire next year and announced a board shakeup, moves that come as the carrier faces pressure for changes by activist investor Elliott Investment Management. Elliott in June revealed a nearly $2 billion stake in Southwest, seeking to oust leadership, including CEO Bob Jordan, who has also spent nearly four decades at the carrier. Southwest has also brought in outside experts, including Bob Fornaro, former CEO of Spirit Airlines and AirTran, which Southwest acquired. Southwest has an investor day scheduled for Sept. 26 in Dallas to expand on these and other initiatives.
Persons: Gary Kelly, Kelly, Herb Kelleher, Elliott, Bob Jordan, Bob Fornaro Organizations: Southwest Airlines, Elliott Investment Management, Southwest, Dallas, Texas, Spirit Airlines, Boeing, U.S Locations: Hollywood, Burbank , California, Southwest, Dallas
San Francisco 49ers running back Christian McCaffrey missed his team’s Monday night game against the New York Jets with a calf and Achilles injury. The 49ers replaced him with Jordan Mason, who dominated the Jets' defense. McCaffrey was limited in practice all week because the injury. He was listed as questionable on the team’s injury report, but he told the media Friday he was not concerned about being held back for Week 1. McCaffrey has been dealing with an injury to his calf and Achilles since August.
Persons: Christian McCaffrey, Jordan Mason, McCaffrey Organizations: San Francisco 49ers, New York Jets, 49ers, Jets, San Locations: San Francisco's, San Francisco, Carolina
The Los Angeles Rams will place wide receiver Puka Nacua on injured reserve with a right knee injury, head coach Sean McVay said Monday. Nacua, a second-year receiver, will miss at least four weeks before he is eligible to return. He was injured during the Rams’ 26-20 overtime loss to the Detroit Lions on Sunday. It is an aggravation of an injury Nacua had during the offseason, ESPN reported. Nacua joins three offensive linemen and defensive back Cobie Durant as Rams on the injury report after Week 1.
Persons: Nacua, Sean McVay, McVay, Matthew Stafford, , Cobie Durant Organizations: Los Angeles Rams, Rams, Detroit Lions, ESPN, NFL, Angeles, Lions, Arizona Cardinals Locations: Los Angeles
The Dallas Cowboys and quarterback Dak Prescott have agreed to a four-year, $240 million contract that will make him the highest-paid player in NFL history, according to multiple reports. The long, drawn-out negotiation ended with him earning the biggest contract in league history, valued at $60 million a season. Last season, Prescott set career highs in completions (410) and touchdowns (36), throwing for 4,516 yards with only nine interceptions. He led Dallas to a 12-5 record, but the Cowboys lost at home in the first round of the playoffs to the Green Bay Packers. Prescott is the Cowboys second key offensive player to sign a new contract after extended negotiations this offseason, joining his top receiver, CeeDee Lamb.
Persons: Dak Prescott, Prescott, CeeDee Lamb, Lamb Organizations: Dallas Cowboys, ESPN, Cleveland Browns, NFL, Cowboys, Green Bay Packers, The Cowboys Locations: Prescott, Dallas
Rapper Kendrick Lamar will headline the Super Bowl halftime show in New Orleans, the NFL announced Sunday. Follow along for live coverage of Week 1Roc Nation and Jesse Collins, an Emmy-winning producer, will be co-executive producers of the Apple Music halftime show. “Kendrick Lamar is truly a once-in-a-generation artist and performer,” Roc Nation founder Jay-Z said in a statement. Super Bowl 59 will take place on Feb. 9. Lamar previously performed at the 2022 Super Bowl in Los Angeles alongside several other rappers and hip-hop stars in a West Coast-themed show.
Persons: Kendrick Lamar, ” Lamar, Lamar, Jesse Collins, “ Kendrick Lamar, Jay, Z, Drake Organizations: NFL, BET, Apple Music, Roc Nation, Morale Locations: New Orleans, City, Los Angeles, West Coast
Rupert Murdoch at his annual party at Spencer House, St James' Place in London. Activist investor Starboard Value moved Friday to dissolve News Corp's dual-class share structure, a challenge to the Murdoch family's control over the Wall Street Journal parent, according to people familiar with the matter. News Corp's structure as of September gave Rupert Murdoch control over around 40% of the company's voting stock. Last November, Rupert Murdoch, 93, stepped down as chair of the board at both News Corp and Fox Corp. His son, Lachlan Murdoch, is the sole chair of News Corp., and continued his role as Fox Corp.'s executive chair and CEO.
Persons: Rupert Murdoch, St James, Murdoch, Jeff Smith, Smith, Lachlan Murdoch Organizations: Spencer, Wall Street Journal, News Corp, CNBC, REA Group of Australia, New York Times, Wall Street, Fox Corp, Reuters, Autodesk, Match, . News Corp, Sun, HarperCollins Locations: London
Intel is working with advisors including Morgan Stanley to help defend itself against activist investors, according to people familiar with the matter, as CEO Pat Gelsinger attempts to turn around the struggling chipmaker. While Intel has faced activist pressure in the past, no new campaign has been formally launched and it isn't clear if an activist investor has been in contact with the company's board. Morgan Stanley has previously worked with Intel, including in the company's 2022 spinoff of Mobileye . The sources with knowledge of Morgan Stanley's latest involvement asked not to be named due to confidentiality. Representatives for Intel and Morgan Stanley declined to comment.
Persons: Morgan Stanley, Pat Gelsinger, Morgan Stanley's, it's, Dan Loeb's, Frank Yeary, Camberview, Tan, — CNBC's Alex Sherman, Kif Leswing Organizations: Intel, Nvidia, Devices, Broadcom, Qualcomm, Texas, Wall
Activist investor Elliott Management is preparing to launch a proxy fight at Southwest Airlines , and intends to nominate as many as 10 directors to the company's 15-person board, according to a person familiar with the matter. Elliott plans to call a special meeting, rather than waiting for the company's annual shareholder meeting, the person said. Elliott needs to own at least 10% of the company in order to call a special meeting, under Southwest's bylaws, a threshold that it will likely cross soon. Southwest rebuffed those requests, and CEO Jordan since told CNBC that Elliott's engagement with the company had not been meaningful. The activist had already intimated that it would seek to call for a special meeting in its second letter to Southwest's board.
Persons: Elliott, Southwest's, Bob Jordan, Gary Kelly, Jordan, Brian Niccol Organizations: Elliott Management, Southwest Airlines, CNBC, Starbucks, Southwest, Budget, Spirit Airlines, Wall Street Locations: U.S
Starbucks announced Tuesday it's replacing CEO Laxman Narasimhan with Chipotle CEO Brian Niccol as the coffee chain tries to reverse a sales slump. Before joining Starbucks, Narasimhan was chief executive of Reckitt, which owns brands like Lysol and Mucinex. Narasimhan's surprise ouster also suggests that Starbucks' board isn't interested in a deal with activist investors. When news of Elliott's stake in Starbucks first broke in July, the hedge fund offered Starbucks' board a settlement that would protect Narasimhan's job, CNBC previously reported. Starbucks' board did not initially respond or engage with Elliott for some time, driven in part by the lingering influence of Schultz.
Persons: Laxman Narasimhan, Brian Niccol, Rachel Ruggeri, Niccol, Narasimhan, Howard Schultz, Elliott, Chipotle, Mellody Hobson, shakeup, Brian, Hobson, he's, Bell, Narasimhan's, Schultz, Scott Boatwright, Jack Hartung Organizations: Starbucks, Elliott Management, Yum Brands, Bell, CNBC Locations: U.S, China, Chipotle, Pizza
Laxman Narasimhan attends the 2023 TAAF Annual AAPI CEO Dinner at The Pool on September 26, 2023 in New York City. Activist Elliott Management and Starbucks ' board of directors are in settlement talks, according to people familiar with the matter. Elliott and Starbucks' directors met last week to discuss the activist's settlement offer, said the people, who requested anonymity to discuss private matters freely. CNBC's David Faber reported Monday that settlement talks, if successful, could result in Elliott managing partner Jesse Cohn becoming a Starbucks director. Elliott has amassed a Starbucks stake valued at up to $2 billion, CNBC previously reported.
Persons: Laxman Narasimhan, JP Yim, Elliott, CNBC's David Faber, Jesse Cohn, Cohn, Howard Schultz Organizations: Asian American Foundation, Elliott Management, Starbucks, CNBC, Wall Street, Elliott, Texas, Southwest Airlines Locations: New York City, Salesforce, China
Activist investor Starboard Value has been engaging with the board of Autodesk , continuing its push to improve the company's operations and financial performance, according to a presentation viewed by CNBC. Starboard wants Autodesk's board to reassess whether CEO Andrew Anagnost, who has helmed the software maker for seven years, is the right person to lead the company forward, according to the presentation. The activist investor has shared the presentation's findings with Autodesk's board in recent weeks, after disclosing a $500 million stake in the company earlier this year. Starboard is also pushing for cost cuts and a realigned executive compensation plan, all of which it believes can drive margin improvement of up to 1,000 basis points. But Starboard has shown no signs of relenting, continuing to press the company and shareholders for change.
Persons: Andrew Anagnost, Anagnost, Dow Jones, Deborah Clifford, Jeff Smith Organizations: Autodesk, CNBC, GoDaddy Locations: Delaware, Salesforce
Airbnb CEO and co-founder Brian Chesky speaks at The Fast Company Innovation Festival on September 21, 2022, in New York. Airbnb shares dropped 14% in after-hours trading after the company reported second-quarter earnings that missed analyst expectations and warned that it's seeing signs of slowing demand from U.S. customers. Here's how the company did compared to LSEG estimates for the quarter ended June 30:Earnings per share: $0.86 versus $0.92 expected. Revenue: $2.75 billion versus $2.74 billion expected. It also cautioned that it was "seeing shorter booking lead times globally and some signs of slowing demand from U.S.
Persons: Brian Chesky, Airbnb Organizations: Revenue, Asia Pacific, Federal Reserve Locations: New York, Latin America
Day 10 of the Olympics brought us Simone Biles’ final competition in Paris, a big day for Americans on the track, not one but two important soccer matches and much more. Women’s gymnasticsArtistic gymnastics at the Paris Olympic Games came to a dramatic end Monday, as Biles was edged out for the gold medal in the floor exercise final. Monday’s silver on floor exercise was an 11th Olympic medal for Biles. Sweden’s Armand “Mondo” Duplantis set a world record in men’s pole vault Monday, adding to his stash of gold medals. The hosts and Egypt were deadlocked at 1 before France scored two goals in extra time to secure a spot in the gold medal match.
Persons: Simone Biles ’, Larisa Latynina’s, Brazil’s Rebeca Andrade, Biles, , medaled, that’s, ” “, Jordan Chiles, Chiles, , ” Chiles, Gabby Thomas, McKenzie Long, Brittany Brown, Thomas, Lucia’s Julien Alfred, Alfred, Guy, Armand “ Mondo, Duplantis, Sam Kendricks, Greece’s Emmanouil Karalis, Juanlu Sanchez, Taryn Kloth, Kristen Nuss, Nuss, ” Kloth, Kristen, What’s Organizations: Paris Olympic, Olympic Games, France, Olympics, U.S, Canada, Brazil Locations: Paris, Tokyo, St, Spain, France, Morocco, Egypt, Canada, Italy, Brazil
The Kansas City Chiefs and Harrison Butker have agreed to a contract extension that will make him the highest-paid kicker in the NFL, according to multiple reports. He has converted 89.1% of his 197 career field-goal attempts during the regular season. And he’s been even more accurate during the playoffs, hitting 91.4% of his kicks in the postseason, helping the Chiefs win three Super Bowls since 2019. “Harrison Butker gave a speech in his personal capacity,” Jonathan Beane, the NFL’s senior vice president and chief diversity and inclusion officer, told People in a statement. The Chiefs will open their regular season on Sept. 5 against the Ravens on NBC.
Persons: Harrison Butker, Butker, he’s, “ Harrison Butker, ” Jonathan Beane Organizations: Kansas City Chiefs, NFL, Chiefs, Carolina Panthers, Kansas City, Butker, Benedictine College, Ravens, NBC Locations: Kansas, Atchison , Kansas
As leading tech investors continue to vocally take sides ahead of the 2024 presidential election, legendary venture capitalist Michael Moritz is making his preference clear. In a Financial Times opinion piece published Monday, Moritz wrote that those in the industry who are supporting Donald Trump "are making a big mistake." Moritz was referring to Trump's conviction, earlier this year, on 34 felony counts in New York State court. Other Trump backers include venture capitalists David Sacks and Joe Lonsdale as well as Doug Leone, Moritz's longtime partner at Sequoia. Moritz wrote in his op-ed that Trump's tech financiers and supporters were "making the same mistake as all powerful people who back authoritarians."
Persons: Michael Moritz, Moritz, Donald Trump, Moritz —, LinkedIn —, Trump, Andreessen Horowitz, Marc Andreessen, Ben Horowitz, Elon Musk, David Sacks, Joe Lonsdale, Doug Leone, Moritz's, He's, Reid Hoffman, Kamala Harris, Joe Biden, VCs, Harris, Kamala, Arnold Schwarzenegger, Mitt Romney, John Kasich's, OpenSecrets Organizations: Sequoia Capital, Google, PayPal, LinkedIn, Trump, Tesla, Sequoia ., Democratic, Trump Lincoln Project, Republican, Tech Locations: Sequoia, New York, Silicon Valley, California, Ohio
As U.S. markets opened for trading on Monday, tech's mega-cap companies lost about $1 trillion in market cap, deepening a downturn that sent the Nasdaq into correction territory last week. Nvidia shed more than $300 billion in market cap at the opening bell, though it quickly recovered about half of its loss. The company surpassed $3 trillion in market cap and briefly passed Microsoft and Apple to become the world's most valuable company. Its market cap now sits below $2.5 trillion. A widely-read Goldman Sachs note from June warned that the biggest-spending companies had little to show for their AI expenditures.
Persons: Bitcoin, It's, Mark Zuckerberg, Sundar Pichai, Goldman Sachs Organizations: New York Stock Exchange, Nasdaq, Nvidia, Apple, Microsoft, Nikkei, Google, Elliott Management Locations: U.S, Meta, cryptocurrency
We saw legends in their sport add to their gold-medal counts, thrilling finishes on the track and much more. Track and FieldRacing in her first Olympics after being ruled ineligible for the Tokyo Games, USA’s Sha'Carri Richardson won silver in the women’s 100-meter finals Saturday. Richardson won gold in the same event at the World Athletic Championships in Budapest last year. And on the field, American Ryan Crouser won his third straight gold medal in the men’s shot put. He hurt the ulnar nerve in his throwing elbow before tearing his pectoral muscle leading up to the Olympics.
Persons: USA’s Sha'Carri Richardson, Lucia’s Julien Alfred, Melissa Jefferson, Jamaica’s Shelly, Ann Fraser, Price, didn’t, Richardson, Femke Bol, Bol, Ryan Crouser, John Kovacs, Rajindra Campbell, Crouser, , Denis, Ben Stansall, Simone Biles, It’s, ” It’s, she’ll, , ” Biles, USA's Jade Carey, Carey, “ We’ve, ” Carey, Stephen Nedorosick, Guy, Clark Kent, Glen Powell, Nedoroscik, ” Nedoroscik, Katie Ledecky, Ledecky, Titmus, Paige Madden, Alex Walsh, Walsh, Canadian Summer McIntosh, Kate Douglass, Australia’s Kaylee McKeown, ” Douglass, Trinity Rodman, Crystal Dunn, ” Rodman, Emma Hayes, What’s, Noah Lyles, Jamaica’s Kishane Thompson, Carlos Alcaraz, Novak Djokovic Organizations: Racing, Tokyo Games, St, World Athletic, Paris Games, Getty, Tokyo, Canadian, U.S Locations: Lucia, Budapest, Tokyo, Netherlands, Paris, America, Belgium, Rio, Saint, AFP, Los Angeles, Germany
Despite being in France for the Paris Games for more than a week, Dwyane Wade has spent only one night in the City of Light. And I’m having a good time when I’m on air.”Wade has called the first two group games for the U.S. men’s basketball team, which is looking for its fifth straight gold medal. “This team is so deep, in six games we’re not going to get an opportunity to see how dope this team really is,” Wade says. “But I know basketball. In 2008, Wade was two summers removed from winning NBA Finals MVP but he still came off the bench that summer.
Persons: Dwyane Wade, they’ll, ” Wade, , I’m, Wade, we’re, LeBron James, Kevin Durant, Steve Kerr, Jayson Tatum didn’t, Joel Embiid, aren’t, ’ ” Wade, LeBron, Chris Paul, Kobe Bryant, , hasn’t, Shai, Gilgeous, Alexander, It’s, Noah Eagle, Eagle, “ I’ve Organizations: Paris Games, of Famer, Olympic, NBC, NBC News, U.S, NBA, Serbia, USA, TNT Locations: France, City of, Lille, Paris, Beijing, South Sudan, Sudan, Canada
Day 6 of the Olympics saw continued brilliance in women’s gymnastics and women’s swimming, a dominant women’s team given a scare, a banner day for rowing and more. Maddie Meyer / Getty ImagesMen’s rowingThe U.S. men’s rowing team won gold in the four rowing event, the Americans' first Olympic gold in the race since 1960. During the last Olympics in Tokyo, the U.S. men’s rowing team failed to medal in any event for the first time in its history, so Thursday was also about redemption. Three Grand Slam titles, two Olympic gold medals and 41 weeks as the world No. 1 — all in the greatest era in the history of men’s tennis along with Roger Federer, Rafael Nadal and Novak Djokovic.
Persons: Simone Biles, Biles, Kevin Durant, ” Biles, Suni Lee, , ” Lee, Katie Ledecky, Larisa Latynina, Maddie Meyer, that’ve, Michael Grady, Emma Meesseman, Zach Randolph, USA’s, Meessemen, Breanna Stewart, A'ja Wilson, Andy Murray’s, Roger Federer, Rafael Nadal, Novak Djokovic, Murray, Dan Evans, Taylor Fritz, Tommy Paul, “ I’m, ” Murray, I’ve, What’s, Victor Wembanyama Organizations: American, Soviet, Olympic, U.S, Zealand, Social Network, Federer, Wimbledon, U.S ., Laver, NBA Locations: American, Tokyo, Paris, Los Angeles, Nanterre, France, U.S, USA, Belgium, United States, Germany
CEO of Starbucks Howard Schultz back stage with soon to be Starbucks CEO Laxman Narasimhan at Starbucks Headquarters during Investor Day in Seattle, Washington Tuesday September 13, 2022. Looming over the negotiations is Starbucks' former CEO Howard Schultz, who stepped off the board last year but remains one of the company's top shareholders and is forever entitled to attend Starbucks board meetings unless barred by Starbucks' directors. Schultz has privately expressed to some directors his opposition to Elliott's settlement offer, The Financial Times reported earlier. A Starbucks spokesperson declined to comment on whether Schultz, who has a close relationship with Hobson and other Starbucks directors, had attended board meetings where Elliott's settlement offer was discussed. Schultz hasn't said why he opposes Elliott's offer, and his representatives didn't return multiple requests for comment.
Persons: Starbucks Howard Schultz, Laxman Narasimhan, Elliott, Mellody Hobson, hasn't, Howard Schultz, Schultz, Hobson, Narasimhan, Schultz hasn't Organizations: Starbucks, Starbucks Headquarters, Investor, Elliott Management, Financial Times, CNBC Locations: Seattle , Washington, China
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