DIRS.INFO The most relevant business & tech news

☆ NatWest weighs clawing back bonus from former CEO Rose
▼ + stars: | 2023-08-23 | by ( ) www.reuters.com time to read: +2 min

The logo of NatWest Bank, part of the Royal Bank of Scotland group is seen outside a branch in Enfield, London Britain November 15, 2017. Rose stepped down on July 25 after admitting to a "serious error of judgment" in discussing Farage's relationship with NatWest-owned Coutts with a BBC journalist. Natwest said Rose would continue to earn a fixed salary and fixed share awards totalling 2.4 million pounds ($3.03 million), and pension contributions worth 10%, in line with her 12-month notice period and pending the outcome of the inquiry. "Like other employees where an investigation outcome is pending, Alison is currently receiving her fixed pay," a NatWest spokesperson said. The lender will pay new CEO Paul Thwaite 1.05 million pounds ($1.39 million) in fixed salary, just below the 1.16 million it paid Rose, in addition to a fixed share allowance of about 1.1 million pounds, NatWest said.

Persons: John Sibley, Alison Rose, Nigel Farage's, Rose, Coutts, Alison, Farage, Rose's, Paul Thwaite, Chandini, Lawrence White, Sinead Cruise, Sharon Singleton Organizations: NatWest Bank, Royal Bank of, Enfield , London Britain, REUTERS, NatWest, BBC, Natwest, Thomson Locations: Enfield , London, Bengaluru, London

☆ Chandrayaan-3 landing: India could become the fourth country ever to land a spacecraft on the moon
▼ + stars: | 2023-08-23 | by ( Jackie Wattles | ) edition.cnn.com time to read: +6 min

CNN —India is on the brink of a historic attempt to land its Chandrayaan-3 spacecraft on the moon that could make it only the fourth nation ever to accomplish such a feat. India’s space agency will livestream the landing attempt starting at 5:20 p.m. IST (7:50 a.m. Previously, only the United States, China and the former Soviet Union have completed soft landings on the lunar surface. Russia’s Luna 25 spacecraft crashed into the moon on August 19 after its engines misfired, ending the country’s first lunar landing attempt in 47 years. Indranil Mukherjee/AFP/Getty ImagesIndia’s mission has taken on even greater significance since Russia’s failed Luna 25 landing attempt.

Persons: nation’s, Russia’s Luna, Vikram, Angela Marusiak, she’s, Marusiak, “, ” Marusiak, Satish Dhawan, Indranil Mukherjee, Luna, landers, Artemis, Bill Nelson, India’s Organizations: CNN, Indian Space Research Organization, Soviet Union, University of Arizona’s, Laboratory, Satish Dhawan Space, YouTube, Getty, Japan Aerospace Exploration Agency, United, NASA Locations: India, United States, China, France, Sriharikota, Andhra Pradesh, Mumbai, Israel, Japan, Artemis, Russia

☆ Pork belly prices are up 100% this year — your breakfast bacon is about to get pricier
▼ + stars: | 2023-08-23 | by ( Lee Ying Shan | ) www.cnbc.com time to read: +4 min

Wholesale pork belly prices are currently trading at 270.89 cents per pound. And consumers are about to see even higher prices of bacon, which is primarily cut from pork bellies. Analysts who spoke to CNBC attributed the surge in pork prices partly to a recently imposed animal welfare regulation in California, which came into effect July 1. Proposition 12 played a "major role" in the surge in prices, said Urner Barry pork market analyst, Ryan Hojnowski. Consequently, sellers of bacon will want to keep their profit margins up — thus, the spike in pork belly wholesale prices is going to translate to higher retail and food services prices, he said.

Persons: Bacon, Zachary Zirlin, —, That's, Brian Earnest, Cobank's Earnest, Earnest, Barry, Ryan Hojnowski, Hojnowski, Urner Barry, Glenn Asakawa Organizations: Eyeem, Getty, CNBC, National Pork Producers Council, Medianews, Denver Locations: California, FactSet, Colorado

☆ India's adorable, dog-sized moon rover is set to roll out any minute and collect the first samples of the lunar south pole ever
▼ + stars: | 2023-08-23 | by ( Sonam Sheth | Morgan Mcfall-Johnsen | ) www.businessinsider.com time to read: +3 min

India's moon rover could roll out any minute to collect the first-ever samples of the lunar south pole. It's set to collect the first samples ever of the lunar south pole. The Vikram lander is the first robot to successfully land on the lunar south pole. Inside, it carried the Pragyaan lunar rover, which rolls out and down to the ground on the ramp shown here. Indian Space Research OrganisationThe lunar south pole is thought to be the most water-rich region on the moon.

Persons: Vikram lander's, Robert Braun, Johns Hopkins, ILSA, Braun Organizations: Service, Indian Space Research Organization, New York Times, Exploration, Space Research Locations: Wall, Silicon, India, Mars, Russia, China

☆ Some of UK retailer Wilko's stores set to close after no buyer found
▼ + stars: | 2023-08-23 | by ( ) www.reuters.com time to read: +2 min

A branch of the discount retail homeware store Wilko is seen in London, Britain, August 3, 2023. REUTERS/Toby Melville/File Photo Acquire Licensing RightsLONDON, Aug 23 (Reuters) - Some of British homeware and household goods discount retailer Wilko's stores are likely to close after a buyer could not be found for the whole group, administrator PWC said on Wednesday. PWC said that contrary to an earlier statement from the GMB trade union, there were no plans to close stores next week and they would continue to remain open and trade "in the immediate term". The family-owned retailer said earlier this month it had fallen into administration, putting its 400 stores and 12,500 jobs in danger if a buyer could not be found. Sky News reported the owner of fellow discount store Poundland, Pepco Group, was in discussions to acquire round 100 Wilko stores, while London-listed discount chain B&M European Retail could take on 40-50 shops.

Persons: Toby Melville, PWC, Kylie MacLellan, David Evans Organizations: REUTERS, Sky News, Pepco, Thomson Locations: London, Britain, Leicester, England

☆ A South Korean airline plans to weigh passengers, putting them on scales before each flight to comply with local laws
▼ + stars: | 2023-08-23 | by ( Joshua Zitser | ) www.businessinsider.com time to read: +3 min

AdvertisementAdvertisementKorean Air, South Korea's flagship airline, plans to weigh passengers before they board flights, saying local laws demand it. AdvertisementAdvertisementKorea JoongAng Daily reported that the airline told it: "The data collated anonymously will be utilized for survey purposes and doesn't mean overweight passengers will need to pay more." There has been an online backlash to the measure, with some potential passengers raising concerns about their privacy, according to the Korea JoongAng Daily. However, the airline told the newspaper that passengers who feel uncomfortable with the process can communicate their feelings to boarding staff. AdvertisementAdvertisementAir New Zealand, however, is asking passengers to step on the scales as part of a "passenger weight survey" to fulfill a requirement by New Zealand's Civil Aviation Authority.

Organizations: South Korea's, Gimpo Airport, Incheon Airport, Korea's Ministry of Land, Infrastructure, Transport, Ministry of Land, Daily, Korean, Korea Times, Federal Aviation Authority, New Zealand's Civil Aviation Authority Locations: South, Korea, Zealand

☆ TSMC's Arizona plant is delayed over poor management, not a shortage of US skilled labor, workers building it say
▼ + stars: | 2023-08-23 | by ( Jacob Zinkula | ) www.businessinsider.com time to read: +11 min

TSMC, however, has maintained that the incoming Taiwanese workers will not be a threat to US jobs. The pipe cutter said that TSMC and its key contractors were largely to blame for the management problems. After complaining about one safety issue for two straight weeks, he said, he spoke with a company safety representative. And then you go to degown, and they don't have your hanger or somebody took your hanger," the pipe cutter said. He added: "It's not like we're against the Taiwanese workers or anything.

Persons: TSMC, they're, it's, didn't, he's, —, they'd, they've, Everyone's, we're, It's, Luke Kasper, Arizona Organizations: Service, Taiwan Semiconductor Manufacturing, Arizona Pipe, Intel, New York Times, Times, American Prospect, TSMC Locations: Arizona, Wall, Silicon, chipmaker, TSMC, Taiwan, United States, degown

☆ Russia is sinking its own ships in a desperate attempt to protect a vital bridge from sea drones, Ukraine says
▼ + stars: | 2023-08-23 | by ( Sophia Ankel | ) www.businessinsider.com time to read: +2 min

Russia is sinking its own ferries to create a protective barrier in the Kerch Strait, Ukraine said. Russia is doing this to protect the Kerch Bridge from Ukrainian sea drone attacks, they added. But Stephen Wright, a drone technology developer, told Insider that the new tactic won't prove useful for Russia, at least against drone attacks. Russia has been trying to deploy all kinds of defenses amid a series of audacious Ukrainian sea drone attacks in the area, which have previously damaged large warships. AdvertisementAdvertisementThe attacks have ramped up ever since Ukraine unveiled a new sea drone that packs hundreds of pounds of explosives and is faster than anything in the Black Sea, CNN reported.

Persons: GUR, Stephen Wright Organizations: Service, Main Intelligence, Ukraine's Defense Ministry, CNN Locations: Russia, Kerch Strait, Ukraine, Kerch, Wall, Silicon, Russian, Crimea, Kyiv

☆ U.S. Open 2023 prize money: How much do the winners get?
▼ + stars: | 2023-08-22 | by ( ) www.reuters.com time to read: +2 min

Here is what you need to know about the prize pot on offer at the U.S. Open:WHEN IS THE U.S. OPEN HAPPENING? * The total prize money is $65 million, a new all-time high for the tournament. * The increase in player compensation takes on greater significance as the tournament celebrates 50 years of equal prize money. WHAT IS THE PRIZE MONEY ON OFFER IN MEN'S AND WOMEN'S DOUBLES AT THE U.S. OPEN IN 2023? * First round: $22,000* Second round: $36,800* Third round: $58,000* Quarter-finals: $100,000* Semi-finals: $180,000* Finalist: $350,000* Winner: $700,000WHAT IS THE PRIZE MONEY ON OFFER IN MIXED DOUBLES AT THE U.S. OPEN IN 2023?

Persons: Carlos Alcaraz, Iga Swiatek, Novak Djokovic, Aryna Sabalenka, Djokovic, Swiatek, Roland Garros, Marketa Vondrousova, Shrivathsa Sridhar, Pritha Sarkar Organizations: Wimbledon, U.S, OPEN, Thomson Locations: Bengaluru

☆ UK’s improving finances will bear no fiscal gifts
▼ + stars: | 2023-08-22 | by ( ) www.reuters.com time to read: +2 min

REUTERS/Yves Herman/File Photo Acquire Licensing RightsLONDON, Aug 22 (Reuters Breakingviews) - Higher tax receipts helped Britain to borrow less than expected in July. The UK’s poor economic health leaves him with little room for fiscal giveaways ahead of a prospective 2024 election. Public sector net borrowing stood at 4.3 billion pounds in July, less than the 5 billion pounds expected by economists polled by Reuters. In the first four months of the fiscal year, borrowing was 11.3 billion pounds below the Office for Budget Responsibility’s forecast. The recent rise in bond yields will add around 18 billion pounds to debt interest spending by 2027/28, says Capital Economics.

Persons: Jeremy Hunt, Mairead McGuinness, Yves Herman, Hunt, Francesco Guerrera, EY’s loveless, Lisa Jucca, Katrina Hamlin Organizations: Financial Stability, Financial Services, Capital Markets, REUTERS, Reuters, Budget, Economics, Twitter, TPG, Thomson Locations: Brussels, Belgium

☆ Burnley sign England youngster Ramsey from Villa on five-year deal
▼ + stars: | 2023-08-22 | by ( ) www.reuters.com time to read: +1 min

Aug 22 (Reuters) - Burnley have signed midfielder Aaron Ramsey from Aston Villa, both Premier League clubs said on Tuesday, with the England under-20 international penning a five-year contract. No financial details have been disclosed but British media reported Burnley would pay Villa 14 million pounds ($17.82 million) for the 20-year-old. "I have been waiting to be a Burnley player for a while now and I'm really happy it's all officially done now. I can't wipe my smile off my face." Ramsey earned more than 30 caps with England youth teams, winning under-19 European Championship in 2022.

Persons: Aaron Ramsey, Ramsey, I'm, Anita Kobylinska, Toby Davis Organizations: Burnley, Aston Villa, Premier League, Villa, FA, Norwich City, Middlesbrough, England, Thomson Locations: England, Gdansk

☆ Factbox: Saudi transfers this summer
▼ + stars: | 2023-08-22 | by ( ) www.reuters.com time to read: +2 min

Aug 22 (Reuters) - Saudi clubs have spent over 750 million euros ($813.45 million)in the close season signing players with the new Saudi Pro League season having kicked off on Aug. 11. Following are the main clubs' recent large purchases:Al-Ittihad (manager: Nuno Espirito Santo since 2022)N'Golo Kante from Chelsea. (40 million pounds)Al-Ahli (manager: Matthias Jaissle since 2023)Edouard Mendy from Chelsea. (40 million euros)Otavio from Porto. (40 million euros)Malcom from Zenit Saint Petersburg.

Persons: Nuno Espirito, N'Golo Kante, Karim Benzema, Matthias Jaissle, Edouard Mendy, Roberto Firmino, Mahrez, Allan Saint, Franck Kessie, Roger Ibanez, Merih Demiral, Luis Castro, Marcelo Brozovic, Alex Telles, Seko, Sadio Mane, Jorge Jesus, Kalidou Koulibaly, Ruben Neves, Sergej Milinkovic, Savic, Malcom, Yassine Bounou, Aleksandar Mitrovic, Steven Gerrard, Moussa Dembele, Jack Hendry, Jordan Henderson, Tommy Lund, Ken Ferris, Ed Osmond, Toby Davis Organizations: Saudi Pro League, Nuno Espirito Santo, Manchester City, AS Roma, Atalanta, Inter Milan, Manchester United, RC Lens, Bayern Munich, Wolverhampton Wanderers, Zenit Saint Petersburg, Paris St Germain, Fulham, Olympique Lyonnais, Club Brugge, Thomson Locations: Saudi, Ittihad, Chelsea, Real Madrid, Celtic, Liverpool, Al, Ahli, Manchester, Newcastle, Barcelona, Porto, Hilal, Lazio, Paris, Sevilla, Gdynia

CNN —Nigeria’s former oil minister Diezani Alison-Madueke has been charged with bribery offenses following an investigation by the UK’s National Crime Agency, which alleges she accepted bribes in exchange for multimillion-pound oil and gas contracts while in government. The agency said that Alison-Madueke, who currently resides in London, will appear at Westminster Magistrates Court on October 2. “Bribery is a pervasive form of corruption, which enables serious criminality and can have devastating consequences for developing countries. Alison-Madueke also served as the first female president of the Organization of the Petroleum Exporting Countries (OPEC). Nigeria, Africa’s most populous country and biggest oil producer, is one of 13 countries in OPEC.

Persons: CNN —, Diezani Alison, Madueke, “, Cartier, ” Alison, Goodluck Jonathan, Alison, ”, Andy Kelly Organizations: CNN, Crime Agency, National Crime Agency, Louis Vuitton, Organization of, Petroleum Locations: London, Westminster, Nigeria, Africa’s

Net borrowing, excluding state-owned banks, stood at 4.3 billion pounds ($5.49 billion) last month, less than the median forecast of 5.0 billion pounds in a Reuters poll of economists. In the first four months of the financial year, borrowing stood at 56.6 billion pounds. "As inflation slows, it's vital that we don’t alter our course and continue to act responsibly with the public finances," Hunt said in a statement after the data. Interest costs rose by 1.5 billion pounds compared with July last year to 7.7 billion pounds, the highest for July since records began in April 1997. The public finances were boosted by inflows of self-assessed income tax receipts which are typically strong in July, which stood at 11.8 billion pounds, 2.5 billion pounds more than in July last year.

Persons: Jeremy Hunt, Jessica Taylor, Handout, Hunt, Rishi Sunak, Liz Truss's, Ruth Gregory, Gregory, Gabriella Dickens, William Schomberg, Sachin Ravikumar, Andrew Heavens, Tomasz Janowski Organizations: REUTERS Acquire, Reuters, Bank of England, Conservative Party, Treasury, Capital Economics, Senior, National Statistics, Britain's, Thomson Locations: London, Britain

☆ Another one of America's adversaries just unveiled a new drone that closely resembles the US military's combat-proven MQ-9 Reaper
▼ + stars: | 2023-08-22 | by ( Jake Epstein | ) www.businessinsider.com time to read: +6 min

Another US foe just revealed a drone that looks very similar to the American MQ-9 Reaper. One of the missiles is named after Qasem Soleimani, the former chief of the IRGC's elite Quds Force who was killed in a 2020 US military Reaper drone strike. AdvertisementAdvertisementWell-armed and tested in combat, the powerful Reaper drone has operational experience around the world. An MQ-9 Reaper drone on San Clemente Island in California on June 23. Iran and North Korea have cooperated in the past on various military issues, including the development of long-range missiles.

Persons: Israel —, —, IRNA, Ebrahim Raisi, Qasem Soleimani, Joseph Pagan Iran's, Kim Jong Un, Vann Van Diepen, Vladimir Putin's Organizations: American, Service, Islamic Republic News Agency, country's, Industry, Islamic Revolutionary Guard Corps, Quds Force, — IRNA News Agency, Islamic, Kremlin, US, US Air National Guard, Staff, North, North Korean, Korean Central News Agency, Korea News Service, US State Department, Stimson Locations: Iran, Korean, Wall, Silicon, Tehran, Russia, Ukraine, American, Russian, Islamic State, Clemente Island, California, North Korea, Pyongyang, Korea, Moscow

Nigeria's Petroleum Minister Diezani Alison-Madueke (C) attends the flag-off for Nigeria's President Goodluck Jonathan's campaign for a second term in office, in Lagos January 8, 2015. REUTERS/Akintunde Akinleye/File Photo Acquire Licensing RightsSummary Ex-minister was arrested in London in 2015Police allege lavish lifestyle came from corruptionAssets frozen in UK, seized in U.S., NigeriaLONDON, Aug 22 (Reuters) - British police said on Tuesday they had charged former Nigerian oil minister Diezani Alison-Madueke with bribery offences, saying they suspected she had accepted bribes in return for awarding multi-million pound oil and gas contracts. Alison-Madueke, 63, served as petroleum minister from 2010 to 2015, under former President Goodluck Jonathan. A London lawyer who was acting for her in 2015 did not immediately respond to a request for comment. News of the British charges comes a month after a London court ordered the confiscation of $130 million from a former Nigerian oil state governor, James Ibori, in an unrelated but equally high-profile case involving political corruption in Nigeria.

Persons: Diezani Alison, Goodluck Jonathan's, Akintunde, Alison, Madueke, Goodluck Jonathan, Andy Kelly, St John’s Wood, Cartier, Louis Vuitton, James Ibori, Michael Holden, Estelle Shirbon, Giles Elgood Organizations: Nigeria's Petroleum, Nigeria's, REUTERS, Police, Nigeria LONDON, British, Organization of, Petroleum, NCA, Westminster Magistrates, Louis, U.S . Department of Justice, Thomson Locations: Lagos, London, U.S, Nigeria, Africa's, Britain, United States, St John’s, Westminster

☆ Trader who founded XTX sees fortune soar to $11 billion as quant firm becomes a top global player
▼ + stars: | 2023-08-21 | by ( Filip De Mott | ) www.businessinsider.com time to read: +2 min

Alex Gerko's wealth is now estimated at $10.8 billion as his firm XTX has become a top global player. He is now number 182 on the Bloomberg Billionaires Index, which just calculated that his fortune doubled. The index added $5 billion to his wealth compared to the prior trading day. While revenue still trails Citadel Securities' $7.5 billion in 2022, XTX is emerging as one of the top players in global markets. The firm handles a trading volume of around $300 billion a day, involved in equities, commodities, currencies, and fixed-income.

Persons: Alex Gerko's, XTX, Alex Gerko, Stanley Druckenmiller's, Gerko — Organizations: Bloomberg, Service, Deutsche Bank, XTX, Citadel Securities, Financial Times Locations: Wall, Silicon, Russian

☆ UK sees surge in interest from non-EU job hunters
▼ + stars: | 2023-08-21 | by ( David Milliken | ) www.reuters.com time to read: +3 min

Workers walk through the Canary Wharf financial district, ahead of a Bank of England decision on interest rate changes, in London, Britain, August 3, 2023. EU-based job seekers accounted for 1.4% of Indeed's UK job searches in June - down slightly from before Brexit - while non-EU interest has more than doubled to 4.1% of searches. The UK government phased out most EU nationals' unrestricted right to move to Britain to work after Brexit. Canada and Australia have seen foreign-origin job searches roughly double since 2019 to 10.9% and 17.2% of total job searches for those countries respectively, according to Indeed, which claims 330 million unique visitors each month. By contrast, the figures for overseas job hunters targeting the United States and the EU were 3.4% and 2.7% respectively, both barely changed from before the pandemic, according to Indeed.

Persons: Toby Melville, Pawel, Adrjan, David Milliken, Andy Sullivan Organizations: Bank of, REUTERS, European Union, EU, Bank of England, Thomson Locations: Bank of England, London, Britain, Europe, East, Africa, Brexit, India, Nigeria, South Africa, Pakistan, Canada, Australia, United States

Interest in “Rich Men North of Richmond,” which was streamed 17.5 million times on services like Spotify and Apple Music in its first week of release, partly grew in the manner of a typical viral track, according to the service Luminate, whose data fuels the Billboard charts. Much of the consumer activity that drove the track to No. 1 came via 99-cent digital downloads from outlets like the iTunes Store — an outdated format that is declining in popularity faster than CDs. Despite streaming now accounting for more than 80 percent of music consumption overall, paid downloads are weighted more on the charts, a quirk exploited regularly by pop superfans devoted to acts like Ms. In often coordinated efforts, they use downloads to show support and earn chart milestones that are celebrated like wins in sports or political elections.

Persons: Jason Aldean, “, Anthony, Christopher Anthony Lunsford, —, Oliver Anthony, ”, Mr, Walsh —, superfans, Swift Organizations: Country Music Television, North, Apple Music, Daily, Korean, BTS Locations: Tennessee, Rich, Richmond, ”

☆ Video captures the terrifying moment a Russian ballistic missile slammed into a theatre in the Ukrainian city of Chernihiv killing 7, wounding 144
▼ + stars: | 2023-08-20 | by ( Rebecca Rommen | ) www.businessinsider.com time to read: +3 min

A Russian missile struck a central square in Chernihiv, a city in northern Ukraine. Interior Minister Ihor Klymenko wrote on Telegram said that most victims were crossing the road, returning from church, or in vehicles when a missile hit the city's landmark Drama Theatre. A video posted by UNITED24Media shows the terrifying moment the powerful Russian Iskander ballistic missile hit the civilian building. A view shows an ambulance near the site of a Russian missile strike, amid Russia's attack on Ukraine, in Chernihiv, Ukraine August 19, 2023. "I understand that their aim was a military event taking place in the building of the drama theatre and that it was their target," he said.

Persons: Sofia, Ihor Klymenko, Volodymyr Zelenskyy, Oleksandr Lomako, Savenok Lomako, Denise Brown Organizations: Service, Russian, Telegram, UNITED24Media, REUTERS, BBC, UN Locations: Russian, Chernihiv, Ukraine, Wall, Silicon, Ukrainian, Russia

☆ London's clean-air zone expansion hit by camera vandalism
▼ + stars: | 2023-08-18 | by ( ) www.reuters.com time to read: +2 min

Signage indicates the boundary of London's Ultra Low Emissions Zone (ULEZ) beside the South Circular road ahead of proposed upcoming expansion, in London, Britain, August 4, 2023. REUTERS/Susannah Ireland/File Photo Acquire Licensing RightsLONDON, Aug 18 (Reuters) - Hundreds of cameras installed on London's roads to enforce a clean-air zone that imposes a daily charge on some motorists have been vandalised amid fierce opposition to its upcoming expansion, police said on Friday. The Aug. 29 expansion of the Ultra Low Emission Zone (ULEZ) has been championed by London Mayor Sadiq Khan as essential to bring down deaths linked to air pollution and combat climate change. London's Metropolitan Police said it had recorded hundreds of crimes relating to ULEZ cameras, with 164 being stolen and 185 reports of cables being damaged as of Aug. 1. ($1 = 0.7871 pounds)Reporting by Sachin Ravikumar, Editing by Kylie MacLellanOur Standards: The Thomson Reuters Trust Principles.

Persons: Susannah Ireland, Sadiq Khan, Owain Richards, ULEZ, Khan, Sachin Ravikumar, Kylie MacLellan Organizations: REUTERS, London, London's Metropolitan Police, . Police, Transport, Labour Party, Labour, Thomson Locations: London, Britain

☆ Here are some of the companies saying weight loss drugs could impact their business
▼ + stars: | 2023-08-18 | by ( Alex Harring | ) www.cnbc.com time to read: +5 min

The impact of new weight loss treatments is being felt well beyond the health-care industry . During the second quarter, which beat expectations , shoppers were still focused on health and wellness, CEO Doug McMillon said Thursday. Some companies already bar weight loss medications from their insurance plans to keep costs down. Executives said it was tied to an increase in specialty drug use for weight loss and diabetes. Eli Lilly's Mounjaro hasn't yet been approved for weight loss, though some people are taking it off label for that reason.

Persons: Eli Lilly, Joe Scalzo, Scalzo, Atkins, Regeneron, George Yancopoulos, Doug McMillon, WMT, Kroger, Paul Sarvadi, Eli Lilly's Mounjaro, Stephan Tata, Tata hedged, Tata Organizations: Analysts, Novo Nordisk, Co, Simply, Atkins, Walmart, WMT KR, Kroger, Cardinal Health, Drug Administration, Tata Locations: U.S

☆ Human-caused fires may have contributed to the extinction of saber-toothed cats, dire wolves, and other animals 13,000 years ago
▼ + stars: | 2023-08-18 | by ( Jenny Mcgrath | ) www.businessinsider.com time to read: +9 min

The La Brea tar pits captured dire wolves, sabertooth cats, and other megafaunal for millennia. Statues of megafaunal mammals give La Brea Tar Pit visitors a sense of what animals roamed the area thousands of years ago. The loss of herbivores at La Brea could've contributed to a feedback loop, making fires — however, they started — more intense, the paper's authors say. Paelongotolist MacPhee cautions that there could be other explanations for why these animals in the 61/67 tar pits stopped appearing. Excavation of the La Brea tar pits has yielded hundreds of thousands of fossils.

Persons: —, Robin O'Keefe, O'Keefe, it's, Regan Dunn, Dunn, Jae C, Ross MacPhee, wasn't, MacPhee, Guy Robinson, Robinson, Sharon Levy, Amelia Villaseñor, C, Villaseñor Organizations: Service, Arlington Springs Man Locations: Brea, Wall, Silicon, Los Angeles, Southern California, Rancho La, Elsinore, Lake Elsinore, Northern Canada, La Brea, Rancho La Brea, Yukon, Orange County , New York, North America, Arlington Springs, Southern

☆ BAE snaps up Ball's aerospace arm for $5.6 billion in its biggest deal ever
▼ + stars: | 2023-08-17 | by ( Yadarisa Shabong | ) www.reuters.com time to read: +3 min

People gather at the BAE Systems' booth during the Association of the United States Army (AUSA) Global Force Symposium & Exposition in Huntsville, Alabama, U.S. March 28, 2023. Shares in BAE Systems fell as much as 4.9%, while Ball Corp rose 2.7% in premarket trading. "We see this deal as a good fit, although slightly expensive," Jefferies analysts led by Chloe Lemarie wrote in a note. He also confirmed the 1.5 billion pound ($1.91 billion) share repurchase announced with its half-year results. The Colorado-based aerospace business made $1.98 billion in revenue and accounted for 13% of Ball's consolidated net sales in 2022.

Persons: Cheney Orr, Tom Arseneault, Chloe Lemarie, Charles Woodburn, Yadarisa Shabong, Chandini, Susan Mathew, Subhranshu Sahu, Jason Neely, Sharon Singleton Organizations: BAE Systems, Association of, United States Army, Global, REUTERS, Ball Corp, Jefferies, Reuters, Blackstone Inc, Veritas Capital Fund Management, BAE, General Dynamics Corp, Textron, Shore Capital, Britain's, British, Thomson Locations: Huntsville , Alabama, U.S, Ukraine, Colorado, Bengaluru

☆ BAE Systems snaps up Ball Corp's aerospace arm for about $5.55 bln
▼ + stars: | 2023-08-17 | by ( Yadarisa Shabong | ) www.reuters.com time to read: +3 min

People gather at the BAE Systems' booth during the Association of the United States Army (AUSA) Global Force Symposium & Exposition in Huntsville, Alabama, U.S. March 28, 2023. Shares in BAE Systems were down 3% by 0730 GMT. "We see this deal as a good fit, although slightly expensive," Jefferies analysts led by Chloe Lemarie wrote in a note. The proposed deal would be treated as an asset purchase for federal tax purposes, BAE said. ($1 = 0.7856 pounds)Reporting by Yadarisa Shabong in Bengaluru; editing by Subhranshu Sahu and Jason NeelyOur Standards: The Thomson Reuters Trust Principles.

Persons: Cheney Orr, Chloe Lemarie, Charles Woodburn, Morgan Stanley, Yadarisa, Subhranshu Sahu, Jason Neely Organizations: BAE Systems, Association of, United States Army, Global, REUTERS, Ball Corp, Jefferies, Reuters, Blackstone Inc, Veritas Capital Fund Management, BAE, General Dynamics Corp, Textron, Britain's, Intelligence, Thomson Locations: Huntsville , Alabama, U.S, Colorado, Bengaluru

Search resuls for: "Pounds"

25 mentions found