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☆ Klimt’s ‘last masterpiece’ poised to fetch $80 million at Sotheby’s auction
▼ + stars: | 2023-06-14 | by ( Oscar Holland | ) edition.cnn.com time to read: +5 min

Depicting an unidentified female subject, “Dame mit Fächer” (Lady with a Fan) was one of two paintings found at the Austrian artist’s studio upon his death in 1918, according to Sotheby’s auction house. Started in 1917, “Dame mit Fächer” is rendered in Klimt’s characteristically rich, expressive style. Sotheby's said it expects the painting the fetch "in the region of" $80 million when it goes under the hammer this month. Klimt’s “Portrait of Adele Bloch-Bauer I” was meanwhile bought by US businessman Ronald Lauder for a reported $135 million in 2006. “Dame mit Fächer” is the star lot in Sotheby’s modern and contemporary art summer auction, which takes place on June 27.

Persons: Gustav Klimt, Fächer ”, Sotheby’s, Thomas Boyd Bowman, ”, “, —, De Agostini, Klimt, Helena Newman, Newman, Erwin Böhle, Rudolf Leopold, Sotheby's, Paul G, Allen, Dmitry Rybolovlev, Yves Bouvier, Adele Bloch, Bauer, Ronald Lauder, Oprah Winfrey, Alberto Giacometti, Edvard Munch Organizations: CNN, Austrian, De Agostini Editorial, “, Microsoft, Financial Times, Bloomberg, UBS, Art Locations: London, Klimt's Vienna, Viennese, Sotheby’s, Austrian, “ Birch, Covid

☆ Klimt’s ‘last masterpiece’ sells for record-breaking $108.4 million
▼ + stars: | 2023-06-14 | by ( Oscar Holland | Jacquelyn Palumbo | ) edition.cnn.com time to read: +5 min

“Dame mit Fächer” was one of two paintings found at the Austrian artist’s studio upon his death in 1918, according to Sotheby’s. A work the artist had started a year prior, in 1917, “Dame mit Fächer” is rendered in Klimt’s characteristically rich, expressive style. "Dame mit Fächer" (right) pictured in Klimt's Vienna studio in 1918. "Dame mit Fächer" became Klimt's highest-selling artwork at auction. Klimt’s “Portrait of Adele Bloch-Bauer I” was meanwhile bought by US businessman Ronald Lauder for a reported $135 million in 2006.

Persons: Gustav Klimt, Fächer ”, Klimt, Paul G, Allen, “, —, Sotheby’s, Thomas Boyd Bowman, ”, De Agostini, Helena Newman, Newman, Erwin Böhle, Rudolf Leopold, Dmitry Rybolovlev, Yves Bouvier, Adele Bloch, Bauer, Ronald Lauder, Oprah Winfrey, Alberto Giacometti, Edvard Munch Organizations: CNN, Microsoft, Austrian, De Agostini Editorial, Financial Times, Bloomberg, UBS, Art Locations: London, Birch, Hong Kong, Klimt's Vienna, Viennese, Sotheby’s, Austrian, Covid

☆ BTS 10th anniversary: K-pop sensation’s decade-long style evolution
▼ + stars: | 2023-06-12 | by ( Oscar Holland | ) edition.cnn.com time to read: +4 min

CNN —This week marks 10 years since K-pop sensation BTS burst onto the South Korean music scene in a flurry of chunky chains, baseball caps and spiky hair. BTS pictured at a photo call for the Incheon Korean Music Wave festival in 2013, just months after the band debuted. Han Myung-Gu/WireImage/Getty Images BTS sport colorful streetwear to perform on "Jimmy Kimmel Live" in November 2017. RB/Bauer-Griffin/GC Images/Getty Images BTS appears at the American Music Awards in 2017, when they became the first Korean group to perform at the annual ceremony. Amy Sussman/Getty Images Photos: BTS' decade-long style evolution Prev NextNowhere is this more evident than on the red carpet.

Persons: Louis Vuitton, Jungkook, Valentino, Dior, Calvin Klein, Han Myung, Jimmy Kimmel, Griffin, Jordan Strauss, David Becker, Amy Sussman, Lee Ha, jeong, Saint Laurent’s Anthony Vaccarello, Kim Jones, Jin, Suga Organizations: CNN, Hit Entertainment, Incheon Korean Music, Bauer, BTS, Entertainment, MTV Locations: Korean, Seoul, South Korea, Jimin

☆ Crumbs Cupcake Shop Owners Say They Don't Regret Selling the Business
▼ + stars: | 2023-06-05 | by ( Huileng Tan | ) www.businessinsider.com time to read: +5 min

The couple behind Crumbs Bake Shop said they don't regret selling it even though it eventually failed. The couple bought the Crumbs brand back again seven years after it went bankrupt. Gus Lubin / Business Insider"We watched from the sidelines as the business suffered," Jason told Insider. After Crumb's collapse, Jason started a real estate brokerage that he operated for three years. Jason said he enjoyed his WeWork stint, but their cupcake business was always at the back of the couple's minds.

Persons: —, Jason, Mia Bauer, Gus Lubin, Mia, WeWork Organizations: Service, New, Girls Scouts, Fischer Enterprises Locations: New York, WeWork

☆ Disney CEO Bob Iger's book hints at how he'll handle company's feud with Ron DeSantis
▼ + stars: | 2023-06-01 | by ( Kimberly Leonard | ) www.businessinsider.com time to read: +13 min

Insider turned to Disney CEO Bob Iger's 2019 book for insight on how he navigates challenges. As Florida's largest attraction with more than 70,000 jobs, Walt Disney World is crucial to both the company and the state. During his first tenure at Disney, Iger orchestrated the $4 billion acquisition of Marvel without a single leak. Under predecessor Disney CEO Michael Eisner, board members said they worried that Marvel was "too edgy" and "would tarnish the Disney brand." File photo of Disney CEO Bob Iger.

Persons: Ron DeSantis, Bob Iger's, Walt, Robert Iger, Iger's, Bob Chapek, DeSantis, Donald Trump, Disney, Iger, Steve Jobs, Jobs, Bob Iger, Chris duMond, Neilson Barnard, Scott Miller, Miller, that'd, Biden, he's, gunning, Charles Sykes, Paul Hennessy, Michael Eisner, Marvel, Harris, There's, Griffin, George Lucas, Roy Disney, Walt Disney's, he'd, they've, Lucas Organizations: Disney, Florida Gov, Morning, Walt Disney, Republican Gov, Walt Disney Co, Walt Disney Company, ABC, Pixar, Marvel Entertainment, LucasFilm, Century Fox, Marvel, Apple, Getty, Democrat, Bloomberg, Walt Disney World, Board, GOP, Reuters, Republicans, Harvard, Independents, Twitter, Bauer, Jobs, iTunes, Lucasfilm Locations: Florida, Orlando, Shanghai, American, China

☆ Biden and McCarthy's plan to change SNAP work requirements in the debt-ceiling deal could actually expand benefits — but not employment
▼ + stars: | 2023-05-31 | by ( Ayelet Sheffey | Madison Hoff | ) www.businessinsider.com time to read: +6 min

She led some of her Democratic colleagues in introducing an amendment to remove the new SNAP work requirements from the debt-ceiling bill. "Come see me in a year, and I'll show you how much we actually saved," McCarthy told reporters on Tuesday night. How the work requirements will impact employmentDespite McCarthy and Republicans' belief that work requirements will bolster employment, some experts aren't so sure. Work requirements in SNAP have increased employment less; in Medicaid, they appear to have had little effect on employment." "I think it goes to the principle of this bureaucratic red tape that we call work requirements," Jayapal said.

Persons: —, Joe Biden, Kevin McCarthy, Biden, McCarthy, — McCarthy, Cori Bush, Lauren Bauer, there's, Bauer, Bernard Yaros, it's, Yaros, Congressional Progressive Caucus Pramila Jayapal, Jayapal Organizations: SNAP, CBO, Service, Supplemental, Assistance, Democratic, Office, White, Economic, Brookings Institution, The, Brookings, Moody's, Congressional Progressive Caucus Locations: Missouri, TANF

☆ Opinion: A boast that could sink Trump
▼ + stars: | 2023-05-21 | by ( Richard Galant | ) edition.cnn.com time to read: +20 min

We’re looking back at the strongest, smartest opinion takes of the week from CNN and other outlets. CNN —“I’m the one that got rid of Roe v. Wade,” former President Donald Trump boasted Tuesday on Newsmax. Congress has the power to rein in the court, wrote CNN legal analyst and law professor Steve Vladeck, whose new book “The Shadow Docket” focuses on the Supreme Court. Courtesy Boaz FreundIn 2019, then-President Trump issued an executive order requiring hospitals to post the prices of common medical services and procedures. For some, its celebration of a multiracial but purely fictional British aristocracy may even be a big part of its appeal.”As escapism, “Queen Charlotte” is a success.

☆ NATO reaches back to Cold War past with first major defense plans
▼ + stars: | 2023-05-18 | by ( Sabine Siebold | ) www.reuters.com time to read: +5 min

[1/6] The Chair of the NATO Military Committee, Admiral Rob Bauer listens during an interview in Tallinn, Estonia September 16, 2022. By outlining what it calls its regional plans, NATO will also give nations guidance on how to upgrade their forces and logistics. Finland's accession last month has alone doubled NATO's border with Russia to some 2,500 km, forcing a more flexible approach to deployments than in the past, when Germany was seen as the main battlezone. "We don't envision the type of war that the Cold War was, where allied forces ... would be hit simultaneous with large-scale Warsaw Pact attacks," he said, pointing rather to regionalised conflicts that needed to be contained by quick force deployments. NATO agreed in 2022 to put 300,000 troops on high alert, up from 40,000 in the past.

☆ NATO reaches back to Cold War past with first major defence plans in decades
▼ + stars: | 2023-05-18 | by ( Sabine Siebold | ) www.reuters.com time to read: +5 min

☆ The best North American airlines in 2023 for every budget—from first class to economy
▼ + stars: | 2023-05-16 | by ( Celia Fernandez | ) www.cnbc.com time to read: +3 min

The 2023 North America Airline Satisfaction Study, from J.D. Power this month released its 2023 North America Airline Satisfaction Study, which measures passenger satisfaction among business and leisure travelers of major airline carriers. The best airlines in North America in 2023JetBlue Airways ranked no. Alaska Airlines ranked third with an overall customer satisfaction score of 823. Southwest Airlines topped the list for best basic economy and economy.

☆ Ukraine says it routs Russia brigade, Kremlin admits campaign 'very difficult'
▼ + stars: | 2023-05-10 | by ( ) www.reuters.com time to read: +4 min

The unit's claim appeared to back up comments by Yevgeny Prigozhin, the head of the Wagner private army, who on Tuesday said the Russian brigade had abandoned its positions. "We managed to beat up the Ukrainian military machine quite a bit," said Peskov, citing Russian missile strikes in Ukraine. His comments did not address claims that Russia's 72nd Separate Motor-rifle Brigade had abandoned positions on the southwestern outskirts of Bakhmut. Prigozhin's report about the flight of Russia's 72nd Independent Motorized Rifle Brigade from near Bakhmut and the '500 corpses' of Russians left behind is true." A Russian brigade is typically formed of several thousand troops.

☆ Ukraine war will increasingly pit quantity against quality -NATO official
▼ + stars: | 2023-05-10 | by ( ) www.reuters.com time to read: +1 min

Admiral Rob Bauer, the chair of NATO's military committee, noted Russia was now deploying significant numbers of T-54 tanks - an old model designed in the years after World War Two. So ... in terms of numbers, quantity, it is an issue," Bauer told reporters after a meeting of the alliance's national military chiefs at NATO headquarters in Brussels. The Ukrainians meanwhile would "focus on quality, with Western weapon systems and Western training. Bauer said the NATO military chiefs restated "unrelenting support" to a Ukrainian representative at the meeting. "There is no doubt that NATO will support Ukraine for as long as it takes," said Bauer, a Dutch military officer.

☆ A New York couple who saw their cupcake empire soar to a $66 million business in 2011 before going bust paid $350 to revive the brand
▼ + stars: | 2023-05-04 | by ( Huileng Tan | ) www.businessinsider.com time to read: +3 min

Jason and Mia Bauer, who founded Crumbs Bake Shop in 2003 are now back with an online cupcake store. Crumbs Bake Shop, a hugely popular cupcake store founded in 2003, has been revived by founders Jason and Mia Bauer. They bought back the brand last year — seven years after it filed for bankruptcy, the New York Post reported on May 2. "We felt we left it in the hands of people who would grow it," Jason told the New York Post on Tuesday. "Fast forward to 2023, and we now have the ability to communicate with our consumers via social media without having to be in a physical store," Jason told the media outlet.

☆ McDonald's franchisees fined after 305 minors, including 10-year-olds, found working illegally
▼ + stars: | 2023-05-03 | by ( Noah Sheidlower | ) www.cnbc.com time to read: +4 min

More than 300 minors — including two 10-year-olds who were unpaid — were found to be working in violation of federal labor laws at McDonald's franchise restaurants across Kentucky and other states, the U.S. Labor Department said this week. The news comes as Republican lawmakers have targeted child labor laws nationwide. Labor Department investigators discovered two 10-year-olds working unpaid as late as 2 a.m. at a McDonald's location in Louisville, Kentucky, operated by Louisville-based Bauer Food LLC, according to a Tuesday release. Last year, the Labor Department division found that 688 minors were employed illegally in hazardous positions in fiscal year 2022, the highest annual count since fiscal year 2011. Child labor laws exist to ensure that when young people work, the job does not jeopardize their health, well-being or education," said Garnett-Civils.

☆ 10-year-old children were found working at a Louisville McDonald’s until 2 a.m.
▼ + stars: | 2023-05-03 | by ( Michelle Watson | ) edition.cnn.com time to read: +1 min

New York CNN —Two 10-year-old children were found working at a Louisville McDonald’s restaurant — sometimes until 2 a.m. — the US Department of Labor said Tuesday. The revelation was part of an investigation into the child labor law violations in the Southeast. “Investigators from the department’s Wage and Hour Division found two 10-year-old workers at a Louisville McDonald’s restaurant among many violations of federal labor laws committed by three Kentucky McDonald’s franchise operators,” the release said. “Investigators also determined two 10-year-old children were employed – but not paid – and sometimes worked as late as 2 a.m.”The three franchisees face a combined $212,754 in civil money penalties for the child labor violations, the release said. “Under no circumstances should there ever be a 10-year-old child working in a fast-food kitchen around hot grills, ovens and deep fryers.”

☆ Tri Pointe Homes CEO on the state of the housing market
▼ + stars: | 2023-05-01 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailTri Pointe Homes CEO on the state of the housing marketTri Pointe Homes CEO Doug Bauer joins 'Squawk on the Street' to discuss Bauer's viewpoint on the state of the housing market, if those who have resisted listing will list their houses, and more.

☆ This 44-year-old founder and CEO is stepping down to go on a 3-year religious mission. 'I feel such confidence that this is the right thing.'
▼ + stars: | 2023-04-30 | by ( Rebecca Knight | ) www.businessinsider.com time to read: +11 min

Davis Smith founded Cotopaxi, an outdoor gear company and certified B Corporation, in 2014. In July, he will step down as CEO to go on a 3-year religious mission in Brazil. Damien Huang, Cotopaxi's president who joined the company from Eddie Bauer, where he was CEO, will move into the role. "But I feel such confidence that this is the right thing." And we don't do that by isolating ourselves or saying, "We're better than you," or "You're not doing it right."

☆ Nikki Haley invited Disney World to move to South Carolina and took a shot at DeSantis, but the theme park is stuck in Florida
▼ + stars: | 2023-04-26 | by ( Kimberly Leonard | ) www.businessinsider.com time to read: +5 min

Disney World sued DeSantis to keep control of its self-governing status in Florida. Nikki Haley said the theme park should move to South Carolina instead. The dig didn't escape Never Back Down, the super PAC that's supporting a DeSantis presidential run. Magic Kingdom Park at Walt Disney World Resort in April 2022. AaronP/Bauer-Griffin/GC ImagesDisney can't moveDespite Haley's overtures, Disney World is stuck in Florida, Richard Foglesong, the author of the book "Married to the Mouse: Walt Disney World and Orlando," told Insider.

☆ Luxury hotel opens atop Vietnam’s tallest building
▼ + stars: | 2023-04-19 | by ( Lilit Marcus | ) edition.cnn.com time to read: +3 min

The new Vinpearl Landmark 81 has just opened inside the country’s tallest building, Landmark 81, in Ho Chi Minh City. It clocks in at 461 meters (1,512 feet) high and overlooks the Saigon River in the eastern stretch of Vietnam’s biggest city. The rest of Landmark 81 is a mix of private residences and public attractions. Vinpearl Landmark 81 is located about 11 km (7 miles) from Tan Son Nhat International Airport, Vietnam’s biggest and busiest airport. Vinpearl Landmark 81, 720A Đ. Điện Biên Phủ, Phường 22, Bình Thạnh, Thành phố Hồ Chí Minh 700000, Vietnam; +84 28 3971 8888

☆ DeSantis-picked board seeks new taxes and affordable housing at Disney after the company's 'blatant and hostile' grab for control
▼ + stars: | 2023-04-19 | by ( Kimberly Leonard | ) www.businessinsider.com time to read: +7 min

DeSantis' board overseeing Disney is considering new taxes, public transit, and housing. The board met for the first time since Disney's surprise maneuver. The five-member board met Wednesday for the first since Disney stealthily arranged a deal that would allow the theme park and resort to maintain control of its land, virtually in perpetuity. Much of the meeting made the legal case for the new board moving ahead, despite the maneuver Disney pulled last month. Firefighters who work for Disney's district said the previous board failed to give them the resources they needed to do their jobs, including new ambulances, even as Disney grew.

☆ Florida insiders react with shock, amusement, and dread after Disney outmaneuvers DeSantis to keep most of its power
▼ + stars: | 2023-03-31 | by ( Kimberly Leonard | ) www.businessinsider.com time to read: +9 min

It appears Walt Disney World won't be losing power over its land after all — at least not yet — following a high-profile battle with Republican Gov. "It was a pretty brilliant move by the outgoing board to basically take all the power away," one Florida-based lobbyist, who spoke on condition of anonymity, told Insider. Ron DeSantis got married at Disney World in 2009. Aubrey Jewett, a political science professor at the University of Central Florida who co-authored the book "Politics in Florida," told Insider. The company told Insider in a statement that it was "discussed and approved in open, noticed public forums."

☆ Exclusive: Germans shun deposits abroad on fear of new crisis
▼ + stars: | 2023-03-30 | by ( Francesco Canepa | ) www.reuters.com time to read: +4 min

By contrast, German banks, which are perceived as safer because of their government's high credit rating and two separate safety nets on deposits, saw an increase in demand, both platforms said. Sibylle Miller-Trach of the German consumer association in Bavaria said "term deposits aren't necessarily safe" and savers should gather information about the creditworthiness of the bank and its country. Household flows into bank deposits with an agreed maturitySPREAD SEEN WIDENINGCheck24 and competing platforms do not publish figures about their volumes of business so it is hard to tell how much money Germans have deposited abroad. By contrast, the most that savers could get from a German bank was 2.55% from online lender SWK Bank. "The current crisis is leading customers to keep their deposits with their local bank," said Christian van Beek, a director at the Scope Ratings agency.

☆ Normal People Say ‘No Másk’
▼ + stars: | 2023-03-14 | by ( Gabrielle Bauer | ) www.wsj.com time to read: +1 min

We’ve won the war. By “we,” I mean normal people who want normal things: community, connection, creativity, with a bit of dancing on the side. For three years, we’ve had to battle those who were unwilling to tolerate any Covid risk and demanded that the world conform to their fears. In 2021 Bloomberg predicted the pandemic would permanently change the fitness industry, with virtual workouts out-muscling the sweaty-bodies format. Travel would also change forever.

☆ After Record Suspension, Trevor Bauer Returns to Baseball—in Japan, Not MLB
▼ + stars: | 2023-03-14 | by ( Lindsey Adler | Louise Radnofsky | ) www.wsj.com time to read: 1 min

Trevor Bauer has agreed to a contract in Japan with the Yokohama DeNA BayStars of Nippon Professional Baseball. Trevor Bauer, who served the longest-ever suspension for a player under Major League Baseball’s domestic violence and sexual assault policy, is returning to the field—in Japan, not MLB. Bauer has agreed to a contract in Japan with the Yokohama DeNA BayStars of Nippon Professional Baseball, it was announced on Monday.

☆ 31% of new cars sold for above sticker price last month. These 10 models have the biggest premiums
▼ + stars: | 2023-03-10 | by ( Sarah O'Brien | ) www.cnbc.com time to read: +2 min

An estimated 31% of new vehicles were sold above MSRP last month, according to a joint forecast from J.D. On average, new autos are priced 8.8% above the manufacturer's suggested retail price, or MSRP, according to new research from iSeeCars.com. The biggest premiums paid are for luxury vehiclesAs for which cars are priced the most above MSRP: Most of them are luxury models, according to the iSeeCars study. Coming in first for the highest premium is the Genesis GV70, whose average price of $56,476 is 27.5% above an MSRP of $44,299. For instance, the Chevrolet Silverado 1500 comes with an average price of $50,116, which is 1.9% below an MSRP of $51,103.

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