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Officials from multiple US agencies played a quiet role in getting the Cisco equipment into Ukraine, sources say. In this undated photo, an employee at Ukraine’s state-owned grid operator, Ukrenergo, works on the power grid. As the world’s largest maker of computer networking equipment, Cisco had resources to spare. The switch allows an electric substation – which has the crucial task of converting power from high to low voltage – to communicate with other parts of a power grid. Years of Russian attacks on Ukraine’s gridBehind the scenes, US officials are often coordinating the delivery of key technology to Ukraine.
Persons: CNN —, Illia Vitiuk, Biden, Palantir, Ukrenergo, Joe Marshall, intently, Marshall, he’d, , ” Marshall, Taras Vasyliv, ” Vasyliv, Andrew Kravchenko, Vasyliv, Ukraine “, ” NERC Organizations: CNN, Engineers, Cisco, US Air Force, Washington, SpaceX, Microsoft, Pentagon, Department of Energy, Department of Commerce, Stanford University, GPS, Cisco’s, Ukrenergo, Bloomberg, Getty, GRU, US Department of Defense, Department of Homeland Security, Department of Locations: Austin , Texas, Ukraine, Russian, Stanford, Russia, Ukrainian, Denver, Ukraine’s, Kyiv, Silicon Valley, Alabama, East Coast, Germany, Rzeszów, Poland, California, , North America
Just in time for Thanksgiving, this all-suite hotel in southwestern Pennsylvania will open on Nov. 20 at Nemacolin, a sprawling resort with three hotels and other types of accommodations such as estates, homes and townhomes. Set amid the Laurel Highlands, the Grand Lodge has 56 suites, each with a dedicated butler. For cocktails there’s the Circle Bar, a lounge that adjoins the Study, where you can slip away for quieter conversations. Also beginning on Nov. 24, you can visit the resort’s Hardy’s Holiday Village, where there will be dance performances by “elves” and places to sip cocoa and savor sweets. Prices for the Grand Lodge start at $2,000 a night.
Persons: savor Parker Locations: Pennsylvania, Nemacolin, Laurel Highlands, Orlando, Fla
Kansas City has been gripped by Taylor Swift mania amidst her relationship with Travis Kelce. Taylor Swift. They're not alone: Swiftmania has seized Kansas City, and the next great American dynasty — of a blockbuster football team and pop music superstar — is invigorating the Midwestern city. Indeed, Lonely Planet included Kansas City on its list of top destinations to visit in 2024 released on Thursday. While Swift is not single-handedly responsible for the Kansas City renaissance, her presence is currently being felt in the wallets and streets of Kansas City.
Persons: Taylor Swift, Travis Kelce, , Megan Folmsbee, Who's Travis, Swift, Westside Storey, Folmsbee, They're, Swiftmania, Ericka Hamilton, Misha Wilson, Randi Mahomes, Patrick Mahomes, Hamilton, Wilson, Randi, Travis Kelce's, ❤️, RsE3P5HKAd —, Sarah Fretwell, Erimish, Fretwell, Travis, Jason Kelce, hasn't, Taylor, We've, Xavier Ross, RAYGUN, It's, Ross, it's, Abby Meyer, Meyer, Dolce, Erin Brown, they've, Katlyn Howard, That's, Brown, Jack Stack, Kelce, Patrick Joyce, Joyce, could've Organizations: Kansas City, Swifties, Service, Westside Storey, Kansas City Chiefs, Westside, Chiefs, Kansas, RsE3P5HKAd — ESPN, Philadelphia Eagles, Arrowhead, University of Toronto, KC, . Kansas City's Union, Union, Bakery, Kansas City's, Lonely Planet Locations: Kansas, Arrowhead, Kansas City, Arkansas, . Kansas, Argentine
"Some are still just coming down that final stretch to open, especially for the fall-winter season, but we've come a long way and town is ready for the winter season. “We’re open for business and ready to go,” Mark Verespy, owner of The Killarney pub, said of the town. He isn’t sure yet what he will do with the flood-damaged Mr. Darcy’s Bar & Burger next door, but if he rebuilds, it won’t be ready for the winter season. After the flooding, Okemo, which sits on higher ground, was able to reopen its bike park, summer camp and scenic lift rides in late July. Now it’s preparing for the winter season and plans to start snowmaking next month.
Persons: Ludlow, Brendan McNamara, we've, Mark Verespy, McNamara, Troy Caruso, Darcy’s, ” Caruso, snowmaking, ” Courtney DiFiore, you’d, they’d, , David Del Tufo, It’s, Lisa Del Tufo, , , we’re Organizations: Vail Resorts, Locations: LUDLOW, Vt, Vermont, ” Ludlow, Killarney,
Shares in the British company, originally a brewer, were up 3.5% to 3,437 pence by 0737 GMT to lead London's blue-chip (.FTSE) index. Leisure and business demand are showing signs of staying, Paul said, adding forward-booked revenue was ahead of last year. Whitbread, which owns restaurant chains such as Bar+Block Steakhouse and Brewers Fayre has also seen signs of food inflation easing. The company announced a further 300 million pound share buyback on Wednesday and proposed an interim dividend per share of 34.1 pence, up 40% on last year. ($1 = 0.8193 pounds)Reporting by Eva Mathews in Bengaluru; editing by Subhranshu Sahu and Jason NeelyOur Standards: The Thomson Reuters Trust Principles.
Persons: Lee Smith, WTB.L, Dominic Paul, Paul, Whitbread, Hargreaves, Derren Nathan, Brewers Fayre, Eva Mathews, Subhranshu Sahu, Jason Neely Organizations: Premier Inn Hotel, Brewers, REUTERS, H1, Whitbread, Inn, Thomson Locations: Durham, County Durham, Britain, British, Germany, Bengaluru
The message was that a tie-up with Millennium was a 50-50 proposition and that any agreement would be contingent on Schonfeld remaining independent. Other strategic investors in the mix include Blackstone, GIC, and Future Fund, an Australian sovereign wealth vehicle that's already a significant Schonfeld investor. Schonfeld's assets have dipped this year amid meager returns, and the fund has cut costs and slowed hiring in recent months. But fundraising from cautious institutional investors is time-consuming, and Millennium chief trading officer Mark Meskin contacted Schonfeld's leadership to discuss a potential tie-up, sources say. Schonfeld, industry sources say, was likely under pressure from existing investors, who have had to bear a higher brunt of the fees following redemptions.
Persons: Izzy Englander, Justin Gmelich, Ryan Tolkin, Schonfeld, Steve Schonfeld's, Mark Meskin, Schonfeld's, Organizations: Financial Times, Millennium, Schonfeld, Tolkin, Abu, Abu Dhabi Investment Authority, year's, Future Fund Locations: Manhattan, Millennium's, Abu Dhabi, Schonfeld
After two years of receiving federal subsidies, 220,000 child care programs across the country were cut off from funding Saturday. The largest investment in child care in U.S. history, the monthly payments ranged from hundreds to tens of thousands of dollars, and stabilized the industry during the COVID-19 pandemic. She said taxpayers will end up paying more in the long run to welfare programs if the government doesn't make investments now in child care. There are just two child care centers in the entire county, and the community can't afford to lose either one, she said. If West Virginia wants to grow its economy, child care is part the infrastructure necessary for that to happen, Tiffany Gale said.
Persons: WILLIAMSON, W.Va, — Kaitlyn Adkins, wouldn’t, ” Adkins, Adkins, Williamson, she's, , Jackie Branch, didn't, Goldie Huff, They’ve, Branch, Melissa Colagrosso, , Tiffany Gale, she’s, Gale, Gale doesn’t, she'll, , “ They’re Organizations: Century Foundation, Washington , D.C, D.C, Democratic, Child Care, American, U.S . Bureau of Labor, Children’s, West Virginia’s Department of Health, Human Resources, Locations: West Virginia, Washington ,, — Arkansas, Montana , Utah, Virginia, Washington, Williamson , West Virginia, Mingo County, U.S, Williamson, Fayetteville , West Virginia, West Virginia's
But "retirement spending is not pass-fail," said certified financial planner Justin Fitzpatrick, co-founder of Income Lab, a retirement planning software company. Your retirement spending isn't static, meaning there's room for adjustments over time, depending on your needs and goals, he said, speaking at the Financial Planning Association's annual conference Wednesday. However, Fitzpatrick sees retirement expenses as "a series of small liabilities," and many of these costs can be flexible. "These are not necessarily the things you would prefer ahead of time, but they're different from financial ruin," Fitzpatrick said. Total financial ruin is "almost impossible," because individual liabilities can be small and spending generally happens slowly enough to make "minor and temporary adjustments" over time, he said.
Persons: Martin Barraud, Justin Fitzpatrick, It's, Fitzpatrick Organizations: Caiaimage, Getty, Cerulli Associates
AI tools are enabling some restaurants to get a jump on what customers want — and when. AdvertisementAdvertisementLittle Caesars, Darden Restaurants, and Jack in the Box are each tapping into troves of sales data. "If you forecast your traffic better, you order better, you receive better, you schedule better," Cardenas said. AdvertisementAdvertisementService is also better, Klopfenstein said, since the AI tools enable Little Caesars to hire more easily and train new employees more quickly — a big lift in a tight labor market. If tech isn't easy to use, customers won't come back, Anita Klopfenstein, Little Caesars' chief information officer, said.
Persons: , Jack, Anita Klopfenstein, Danny Meyer, Ricardo Cardenas, Cardenas, Klopfenstein, Mike Glinski, Darin Harris, Harris, they're Organizations: Service, Darden, Little Caesars, Olive Garden, LongHorn, Caesars, Microsoft
Mehran’s website and voice mail state that the restaurant, on East 83rd Street in Manhattan, is fully booked for months, an irresistible challenge for New Yorkers who treat reservation-hunting like a professional sport. Mehran’s is an elaborate joke among friends that, somewhere along the way, became entirely serious. On Saturday, for one night only, Mehran’s Steak House opened to the public. The restaurant’s address on Google Maps, a four-bedroom brownstone, was actually a “hacker house” occupied by 16 20-somethings working in the tech industry, who slept in closets and on bunk beds. Among them were Mehran Jalali, Riley Walz and Danielle Egan.
Persons: Mehran, Mehran Jalali, Riley Walz, Danielle Egan Organizations: East, New, Google Locations: NY, Manhattan, Mehran’s
What José Andrés wants you to know about Spanish food
  + stars: | 2023-09-23 | by ( Leah Asmelash | ) edition.cnn.com   time to read: +11 min
At least, that’s what Andrés says in his docuseries “José Andrés & Family in Spain,” streaming on Discovery+ and now airing on CNN. Each episode focuses on a different territory, and as his daughters eat and learn about Spanish food, the audience eats (with their eyes) and learns, too. A rice dish made in a paella pan with pork belly — notably not true Valencian paella, according to José Andrés. Those small plates and delectable tidbits have become a staple part of restaurant culture beyond Spain and Spanish food (see: Asian tapas). “(Tapas) is not food,” Andrés noted in his conversation with Acosta.
Persons: José Andrés, Andrés, it’s, that’s, , ’ ” Andrés, CNN’s Jim Acosta, , , you’ll, Tapas, ” Andrés, Acosta, Andrés —, CNN’s Acosta, jamón, bravas, King Alfonso XIII, It’s, Liz Clayman, José, Cook, Chef José Andrés Organizations: CNN, Warner Bros ., Warner Bros, Moors, Posada, la Villa, consejo Locations: Spain, Naples, Italy, Nice, France, Valencia, doesn’t, Spanish, Catalonia, Barcelona, Andalusia, Madrid, consejo, Asturias, lima
Charles River Laboratories InternationalRaymond James likes Ralph LaurenSusquehanna starts coverage on semiconductor designer and recent IPO Arm Holdings (ARM) with a neutral (hold) rating and a $48-per-share price target. BTIG starts recent IPO Instacart DoorDash UberKiss of Death: JPMorgan upgraded global energy stocks overweight (buy). SUPERCYCLE ALERT (remember I hate supercycle calls): Dear generalists, put your seatbelts on. Higher for longer energy prices. Deutsche Bank cuts price target on T-Mobile
Persons: Baird, Jim Cramer's, River Laboratories International Raymond James, Ralph Lauren Susquehanna, DoorDash Organizations: CNBC, Amazon, Garden, LongHorn, Darden, Dow, Nike Exxon Mobil FedEx Citi, Dell, River Laboratories International, Arm Holdings, JPMorgan, Deutsche Bank, Mobile
CNN —New Jersey Democratic Sen. Bob Menendez was charged on Friday with corruption-related offenses for the second time in 10 years. Menendez and his wife, Nadine Arslanian Menendez, are accused of accepting “hundreds of thousands of dollars in bribes” in exchange for the senator’s influence, according to the newly unsealed federal indictment. This is the second set of corruption charges levied against Menendez by the Justice Department in a decade. Beginning in April, his wife sold gold bars worth as much as $400,000, according to the senator’s most recent financial disclosure form. Sen. Bob Menendez, his wife Nadine and Jose Uribe pictured in the indictment released Friday.
Persons: New Jersey Democratic Sen, Bob Menendez, Menendez, Nadine Arslanian Menendez, Cash, , ” Menendez, Nadine, Wael Hana, Jose Uribe, Fred Daibes, Hana, Sen, MENENDEZ, Menendez ’, Jose, Uribe, Prosecutors, Salomon Melgen, Melgen, Donald Trump Organizations: CNN, New, New Jersey Democratic, Prosecutors, Justice Department, Senate Democratic, Foreign Relations, Court Southern District of, Department of Agriculture, of Agriculture, Agriculture Department, EG, Hyatt, Court Southern District of New, The Justice Department, Locations: New Jersey, Court Southern District of New York, Jersey, Egypt, Washington, Paris
Insider Today: Side hustles' turning point
  + stars: | 2023-09-21 | by ( Dan Defrancesco | ) www.businessinsider.com   time to read: +8 min
A new study from Morgan Stanely makes the case that generative AI will enable people to work multiple jobs, writes Insider's Alistair Barr. In the US alone, multi-earning has increased 11% over the past year, largely thanks to the rise of generative AI tools like ChatGPT. New research from EY found that nearly 40% of Gen Zers had a side hustle to earn extra money. Adding fuel to the fire is the fact bosses don't seem to care if their employees are working multiple jobs, albeit with one caveat. To be sure, executives' acceptance of employees working multiple jobs might be short-lived.
Persons: Randy Rush, Morgan Stanely, Alistair Barr, Morgan Stanley, EY, Gen Zers, Zers, Gen, Z, Alex Wong, we're, It's, Peter Brown, alums, , Brooks Kraft, Cassidy Hutchinson, Rudy Giuliani, Joe Biden, Volodymyr Zelenskyy, Mike Minnis, Dan DeFrancesco, Naga Siu, Hallam Bullock, Lisa Ryan Organizations: Service, Fed, cofounders, Renaissance Technologies, Tesla, Bugatti, Brooks Kraft LLC, Getty, Netflix, United Nations General Assembly, Darden, Olive Garden, LongHorn Locations: Wall, Silicon, Asia, Scottish, , Europe, Americas, Olive, New York City, San Diego, London
New York CNN —Even the unlimited breadsticks at Olive Garden and wooden rocking chairs at Cracker Barrel can’t seem to lure back the baby boomers. Now, some older customers are still staying away, exacerbating a foot traffic problem faced by restaurant chains. Darden Restaurants (DRI), which owns Olive Garden, Longhorn Steakhouse, Cheddar’s Scratch Kitchen and others, noted during an analyst call Thursday that it, too, is seeing declining visits from older customers. The largest of Darden’s franchises by far, Olive Garden is about “more and more and more,” as Cardenas said Thursday. For Cracker Barrel, which has also been trying to attract younger consumers but has traditionally appealed to an older clientele, the pullback from older customers is a bigger deal.
Persons: It’s, , , Sandra Cochran, ” Cochran, Burger, Scott Olson, Raj Vennam, Vennam, Ricardo Cardenas, Darden, ’ ” Cardenas, we’ve, Cardenas, Organizations: New, New York CNN, Darden, Olive Garden, Longhorn Locations: New York, Olive, Orlando , Florida, Lebanon , Tennessee
Darden Restaurants on Thursday reported earnings and revenue that topped analysts' expectations in its first quarter as the owner of Ruth's Chris Steak House. But same-store sales of Darden's fine-dining segment fell more than expected, signaling that consumers are spending less on upscale restaurant meals. The chain reported same-store sales growth of 8.1%, topping StreetAccount estimates of 6.1%. Olive Garden, which accounts for roughly 45% of Darden's revenue, reported same-store sales growth of 6.1%, meeting expectations. Darden's fine-dining restaurants saw same-store sales shrink 2.8%, wider than expectations of a 1.8% decline.
Persons: Chris Steak, Darden, Chris, Eddie V's Organizations: Darden, LSEG, LongHorn Locations: Olive, Pittsburg , California
Insider Today: Apple's new iPhone is here
  + stars: | 2023-09-13 | by ( Dan Defrancesco | ) www.businessinsider.com   time to read: +9 min
This post originally appeared in the Insider Today newsletter. But the show's real stars were the new versions of Apple's iPhone and Apple Watch. But if you were hoping a new iPhone will send Apple's stock soaring, think again. Prior to Tuesday's event, Apple's shares fell an average of 0.2% on days a new iPhone was announced, according to Barron's. The Insider Today team: Dan DeFrancesco, senior editor and anchor, in New York City.
Persons: Bond, Elon Musk's, Justin Sullivan, Octavia Spencer, Tim Cook, Max, Insider's Sarah Jackson, Jordan Hart, Lakshmi, iPhones, Gary Coronado, Jamie Dimon, — Warren Buffett —, Bill Gross, DoubleLine's Jeffrey Gundlach, Pimco, DoubleLine's, Gross, Anna Moneymaker, Thomas Trutschel, isn't, Sundar Pichai, Elon, Walter Isaacson, Read, Kent Walker, Chelsea Jia Feng, Patreon, Naomi Osaka, Shaquille O'Neal, Allegra, Dayquil, Jennifer Aniston, Reese Witherspoon, Yelp, Dan DeFrancesco, Naga Siu, Hallam Bullock, Lisa Ryan Organizations: Service, Jets, Apple, Apple Watch, Getty, Bloomberg, JPMorgan, Wall, Google, Software, Amazon, FDA, North American, Detroit Auto, GMC, Bourbon Locations: Wall, Silicon, Milwaukee, Lakshmi Varanasi, ., China, that's, Latvia, Estonia, Chelsea, Colorado, Arizona, Morocco, New York City, San Diego, London, New York
Outback Steakhouse, renowned for its American twist on Australian-style barbecue, has found unexpected success in Brazil as its U.S. business stalls. The South American segment is responsible for an astonishing 83% of Bloomin' Brands' total international sales. In 2020, reports circulated that Bloomin' Brands might divest its Brazil assets, valued at $472 million, to streamline operations and bolster margins. In 2021, the Brazil segment rebounded, as sales jumped 26% year over year to $259 million. Bloomin' Brands has seen a notable share price recovery, rising from pandemic lows to $28.18 a share as of Aug. 31.
Persons: São Paulo, Bloomin, Papa John's Organizations: Outback's U.S, Brazilian, Harvard, Darden Locations: Brazil, Tampa , Florida, Rio de Janeiro, Brasilia, America
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHere's how Outback Steakhouse in Brazil is keeping the brand afloatOutback Steakhouse has found unexpected success in Brazil. The South-American nation is responsible for an astonishing 83% of Bloomin' Brands' total international sales. In the first half of 2023 alone, sales skyrocketed by 61%, foot traffic surged by 42% and the average check jumped by 19.2% compared to the same period in 2022. Those numbers are in stark contrast to Outback's operations in the U.S. So, what is the secret behind this Australian-inspired steakhouse's takeover in Brazil?
Locations: Brazil, The, U.S
Its restaurant portfolio includes Outback Steakhouse, Carrabba's Italian Grill, Bonefish Grill and Fleming's Prime Steakhouse & Wine Bar. But a better opportunity might be their hidden gem in the 150 Outback restaurants in Brazil. As for Starboard, the firm has had extensive success at both Papa John's and Darden, but in strikingly different ways. Papa John's was a very amicable engagement in which Starboard was invited onto the board and worked with management to create extensive shareholder value. If management is smart, they will view Darden as a warning, and Papa John's as the opportunity.
Persons: David C, George, Bloomin, outperforming Darden, Jeff Smith, Papa John's, Chris, Del Frisco's, accretive, Jana Partners, John P, Gainor, Lawrence V, Jackson, Jana, Papa, Darden, Ken Squire Organizations: Brands, Wine, Papa John's, Darden, Texas Roadhouse, LongHorn Steakhouse, Texas, Fogo De Chao, 13D Locations: United States, BLMN, Fogo De, Brazil
LongHorn Steakhouse and Texas Roadhouse are two chains serious about serving the best meat. I visited both chains to see how each handles the ultimate steak lover's cut, the bone-in rib eye. Even though LongHorn delivered the better meal this time, I'd sooner go back to Texas Roadhouse. Look no further than the booming growth of national chains like LongHorn Steakhouse and Texas Roadhouse, which have both seen substantial gains in new locations and sales in the past year, boosting the share prices of their respective parent companies. Although neither brand has actual origins in the Lone Star state — LongHorn was founded in Georgia in 1981 and Texas Roadhouse in Indiana in 1994 — both have adopted Texas-inspired identities and a mission to serve the best meat.
Persons: Organizations: LongHorn, Texas Roadhouse, Service, Texas, Lone Star, Locations: Texas, Wall, Silicon, Georgia, Indiana, Madison , Wisconsin
Ron DeSantis of Florida. Ron DeSantis of Florida even as the ex-president is set to skip the high-stakes event. In Trump's efforts to poke at the different pronunciations of DeSantis' last name, the cards also included both "Dee-Santis" and "Duh-Santis." AdvertisementAdvertisementAfter Trump mocked DeSantis over the issue earlier this summer, DeSantis lashed out at the former president, calling him "petty" and "juvenile." Insider has reached out to the DeSantis campaign for comment.
Persons: Trump, Ron DeSantis, Donald Trump's, needling, Chris Christie, Asa Hutchinson's, Ada, DeSantis, president's, Jake Lahut, Zachary Petrizzo, Ron, Kamala Harris Organizations: Gov, Service, Trump, GOP, New, New Jersey Gov, Arkansas Gov, Daily, Black Republicans Locations: Florida, Milwaukee, DeSantis, Wall, Silicon, New Jersey, Arkansas, New Hampshire
Mr. DeSantis is in the midst of rebooting a presidential campaign. On Saturday, Mr. DeSantis frequently slowed down the pace of a parade in Londonderry, N.H., by stopping to shake hands with onlookers and pose for selfies. Chris Sununu of New Hampshire, a Republican who has clashed with Mr. Trump, said of Mr. DeSantis after the two governors met briefly at the parade. Mr. Trump appears to be skipping the debate, handing Mr. DeSantis an opportunity to take the spotlight. But the former president’s absence also means Mr. DeSantis, as the stand-in front-runner, will most likely come under withering fire from rival candidates.
Persons: DeSantis, Biden “, , Caroline, , Donald J, “ wokeness, Mr, “ He’s, Chris Sununu, Trump, he’s, Donald Trump, DeSantis’s, James Uthmeier, Axios, Biden Organizations: Fenway Park, Yale baseball, New, Trump, Republican, Mr, PAC Locations: New England, New Hampshire, Londonderry, N.H, Milwaukee
Outback Steakhouse Owner Draws Activist Investor
  + stars: | 2023-08-18 | by ( Lauren Thomas | ) www.wsj.com   time to read: 1 min
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Persons: Dow Jones, 5fe62bd6
An Outback Steakhouse truck sits parked outside a restaurant in New York. Shares of Outback Steakhouse owner Bloomin' Brands rose 7% in morning trading Friday after an activist investor disclosed its interest in the restaurant company. Starboard Value now owns 9.9% of Bloomin's shares, according a regulatory filing. In addition to Outback, Bloomin' also owns Carrabba's Italian Grill, Bonefish Grill, and Fleming's Prime Steakhouse and Wine Bar. Starboard Value has a proven track record of successful turnarounds at restaurant companies.
Persons: Bloomin, Jana Partners, Garden's breadsticks, Papa John's, John Schnatter, Jeff Smith Organizations: Fleming's, Wine, Bloomin, Barington Capital Group, Darden Restaurants Locations: New York
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