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Eva Marie Uzcategui | Bloomberg | Getty ImagesIt's not your imagination: Companies are getting stingier with customer rewards. Raising the barSome of the biggest shifts in customer perks have come in the airline industry. At many retailers, customers must now pay a return fee if they want to ship back unwanted clothing, shoes or other items. "To drive that online demand, free shipping and free returns were put in place, but now we all know it costs significant money," he said. Both companies aim to make sure membership isn't shared with people who aren't paying, particularly as the companies chase new avenues of growth.
Persons: Eva Marie Uzcategui, Dunkin, Cowen, David Garfield, Yuping Liu, Stephanie Keith, Marshal Cohen, Circana, Nordstrom, Christopher Dilts, Kohl's, Macy's, they're, Amit Sharma, Heidi Isern, Levi Strauss, Ann Taylor, Crocs, Brooks, reining Organizations: Brickell City Centre, Bloomberg, Getty, Retailers, Ross, uptick, American Airlines, Delta Air Lines, United Airlines, Old Dominion, Strome School of Business, LaGuardia, American Express, American, IRI, NPD, Urban Outfitters, Abercrombie, Fitch, Nordstrom, Amazon, Foods, Netflix, Costco Locations: Brickell, Miami , Florida, Queens, New York, Delta, Schaumburg , Illinois
Trump’s Jan. 6 Trial: We Owe It to History
  + stars: | 2023-08-04 | by ( Peggy Noonan | ) www.wsj.com   time to read: +1 min
Peggy Noonan is an opinion columnist at the Wall Street Journal where her column, "Declarations," has run since 2000. She has been a fellow at Harvard University’s Institute of Politics, and has taught in the history department at Yale University. Before entering the Reagan White House, Noonan was a producer and writer at CBS News in New York, and an adjunct professor of Journalism at New York University. She was born in Brooklyn, New York and grew up there, in Massapequa Park, Long Island, and in Rutherford, New Jersey. In November, 2016 she was named one of the city's Literary Lions by the New York Public Library.
Persons: Peggy Noonan, , ” Noonan, Ronald Reagan, Noonan Organizations: Wall, Journal, NBC News, The, Harvard University’s Institute of Politics, Yale University, Reagan White House, CBS News, Journalism, New York University, Fairleigh Dickinson University, Lions, New York Public Library Locations: New York, Brooklyn , New York, Massapequa Park, Long, Rutherford , New Jersey, Rutherford, New York City
Yeah, you’re going to need one of those fancy pizza ovens to replicate this in your home. I think right now, every media company in the world is trying to figure out what replaces Twitter. And they say, you’re going to about to make the easiest money you’ve ever made in your entire life. You’re going to have more people beating a path down your door than you thought was possible. We now have Ubers that are so — I don’t know if you’ve looked at your Uber receipts recently.
Persons: kevin roose I’m, casey newton, kevin roose, casey newton They’re, kevin roose Gang, casey newton Oh, let’s, Kevin Roose, ” casey newton, Casey Newton, , Casey, casey newton Mhmm, it’s, kevin roose I’d, you’re, you’ve, — casey newton, Sam Altman, casey newton Isn’t, that’s, Silly Putty, I’m, casey newton Well, Kevin, what’s, kevin roose Totally, casey newton I’ll, Unobtainium, James Cameron, You’ve, Meissner, we’re, There’s, they’re, casey newton Here’s, Twitch, kevin roose There’s, Iris_IGB, she’s, there’s, casey newton There’s, Russia she’s, I’ve, They’ve, hasn’t, ChatGPT, Claude, They’re, hydroxychloroquine, Joe Rogan, Bravo, “ Fortnite, casey newton That’s, we’ve, casey newton Kevin, India Venom, Lydia Tár, we’ll, don’t, casey newton Sure, , Joe Biden, casey newton I’m, casey newton Mike Masnick, he’s, Mike, — casey newton Look, who’d, It’s, HatGPT, kevin roose —, casey newton We’re, Rupert Murdaugh, Beast, James Donaldson, Jimmy Donaldson, a.k.a, Beast — casey newton James, Uber, Beast Burger, Burger, We’re, Meta, Abraham Lincoln, Facebook — Abraham Lincoln, casey newton It’s, kevin roose Oh, Abraham —, roose, casey newton Greg Rutkowski, Greg Rutkowski, Greg Rutkowski’s, Greg, You’re, casey newton Wow, Elon Musk, San Francisco NIMBYs, Don’t, kevin roose It’s, you’re Uber Organizations: Mmm, casey newton Mmm, The New York Times, Quantum Energy Research Center, collider, Twitter, Capitol, Federal Trade Commission, Netflix, Heritage Foundation, Republican, Democrats, Republicans, California, Tax, Facebook, YouTube, HatGPT, BBC, WordPress, Health Department, Financial Times, Ford Theater, ” Workers, San, Wall Street Locations: Seoul, Russian, Russia, India, KOSA, SESTA, The, Kashmir, tooting, Washington, San Francisco, Ha, Canada
But a series of legal challenges, including a major U.S. Supreme Court ruling, have cast many of those district lines into doubt. Legal experts said the ruling bolsters similar challenges in Georgia and Louisiana, where voting rights groups have argued that Republican-drawn maps marginalized Black voters. In Ohio, the state Supreme Court appears set to alter course after previously finding Republican maps violated the state constitution’s prohibition on gerrymandering. In Wisconsin, the most expensive state Supreme Court election in U.S. history resulted in a new liberal majority. OTHER BATTLESLast month, the Utah Supreme Court heard arguments over the state’s Republican-drawn congressional map, which carved Democratic Salt Lake County into four separate districts.
Persons: reconvenes, Leah Millis, , , Michael Li, University’s, , Kathy Hochul, Janet Protasiewicz Organizations: YORK, House, U.S . Capitol, Republican, REUTERS, Republicans, Census, Supreme, Center for Justice, U.S, Democrat, REPUBLICAN, STATE, Democratic, Ohio’s Republican, DEMOCRATIC, Utah Supreme Locations: New York, Utah, U.S, Washington , U.S, New, Black, Georgia, Louisiana, North Carolina, Ohio, In Wisconsin, Democratic Salt Lake County, New Mexico
Evian-les-Bains CNN —Céline Boutier realized a long-held dream for herself and her country on Sunday, cruising to her first major title at the Evian Championship to become the first Frenchwoman to win the tournament. “It honestly has been my biggest dream ever since I started watching golf,” Boutier said during her winner’s interview. Mexico’s Gaby Lopez and Norway’s Celine Borge carded final round 68’s to register their best major finishes in tied-third. The final women’s major of the year, the Women’s Open, tees off at Walton Heath in Surrey, England on August 9. Stuart Franklin/Getty ImagesHomecomingEven as her driver kept landing her in trouble, Boutier continuously rebounded to keep the door firmly closed.
Persons: Bains CNN — Céline Boutier, Brooke Henderson, Catherine Lacoste –, Patricia Meunier, Boutier, ” Boutier, Stuart Franklin, Canada’s Henderson, Mexico’s Gaby Lopez, Norway’s Celine Borge, Lim Kim, Yuka Saso, Hataoka, Rose Zhang, Brooke M, Henderson, France –, soundtracked, Hataoka bogeyed, parring, , snuffed Organizations: Evian, les, Bains CNN, Evian Championship, Golf Club, US, Chevron, Getty, South, Nasa, Walton Heath, Solheim, Europe, BAINS, Golf, CNN Locations: Evian, , France, Surrey, England, Andalucia, Spain, EVIAN, FRANCE, Canada, Bains
What I Wish ‘Oppenheimer’ Had Said
  + stars: | 2023-07-28 | by ( Peggy Noonan | ) www.wsj.com   time to read: +1 min
Peggy Noonan is an opinion columnist at the Wall Street Journal where her column, "Declarations," has run since 2000. She has been a fellow at Harvard University’s Institute of Politics, and has taught in the history department at Yale University. Before entering the Reagan White House, Noonan was a producer and writer at CBS News in New York, and an adjunct professor of Journalism at New York University. She was born in Brooklyn, New York and grew up there, in Massapequa Park, Long Island, and in Rutherford, New Jersey. In November, 2016 she was named one of the city's Literary Lions by the New York Public Library.
Persons: Peggy Noonan, , ” Noonan, Ronald Reagan, Noonan Organizations: Wall, Journal, NBC News, The, Harvard University’s Institute of Politics, Yale University, Reagan White House, CBS News, Journalism, New York University, Fairleigh Dickinson University, Lions, New York Public Library Locations: New York, Brooklyn , New York, Massapequa Park, Long, Rutherford , New Jersey, Rutherford, New York City
With the data from 2022 in and final, we’ve been poring over the data — including our experiment in Wisconsin — to identify opportunities for improvement. The big Wisconsin mail experiment — where we paid voters up to $25 dollars to take a mail survey — didn’t reveal anything especially alarming about our typical Times/Siena polls. On many measures — gun ownership, evangelical Christianity, vaccination status — the Times/Siena poll looked more conservative than the mail poll. The Wisconsin study did offer ambiguous evidence that Times/Siena phone respondents lean a bit farther to the left than the respondents to the mail survey. We’re reordering our questionnaires to let us look at and potentially use respondents who drop out of a survey early.
Persons: we’ve, we’ll, Donald J, Trump, MAGA, That’s, they’ve, We’re, Ron DeSantis Organizations: Times, Kansas, Democratic, Democrats, Republican Locations: Wisconsin, Siena
British dad Derry Green started building a glamping pod in his backyard with his kids during the lockdown in 2020. And by the end of the first lockdown, I had created what I now know to be a glamping pod," Green said. The Secret Garden GlampingThe glamping pods can be booked on Green's website, and they range between £195 to £285 per night. The cheapest glamping pod is the first pod that Green ever built, and it's a yurt called "The Retreat," per The Secret Garden Glamping site. The Secret Garden Glamping
Persons: Derry Green, Little, I'd, Green, , we've, It's Organizations: Service, Derry Green, Facebook, eBay Locations: Wall, Silicon, Lancashire, England, France, Spain
The Supreme Court’s decision to effectively end race-conscious admissions in higher education last month was historic in its own right, removing a tool that the nation’s colleges have used for decades to increase racial diversity on their campuses. But what started with affirmative action has morphed into a far broader reconsideration of fairness and privilege in college admissions and what it means for American higher education. On Tuesday, the Education Department announced that it had opened a civil rights investigation into Harvard University’s admissions preferences for the relatives of alumni and wealthy donors. And at what the department billed as a “National Summit on Equal Opportunity in Higher Education” in Washington on Wednesday, more than 100 academics, government officials and education administrators focused on how much is now up for grabs well beyond affirmative action. “We come together today at a turning point in higher education — perhaps in all of education,” the education secretary, Miguel Cardona, said in his keynote address.
Persons: Miguel Cardona, Organizations: Education Department, Harvard, Higher Locations: Washington
The Talent Strikes Back
  + stars: | 2023-07-21 | by ( Peggy Noonan | ) www.wsj.com   time to read: +1 min
Peggy Noonan is an opinion columnist at the Wall Street Journal where her column, "Declarations," has run since 2000. She has been a fellow at Harvard University’s Institute of Politics, and has taught in the history department at Yale University. Before entering the Reagan White House, Noonan was a producer and writer at CBS News in New York, and an adjunct professor of Journalism at New York University. She was born in Brooklyn, New York and grew up there, in Massapequa Park, Long Island, and in Rutherford, New Jersey. In November, 2016 she was named one of the city's Literary Lions by the New York Public Library.
Persons: Peggy Noonan, , ” Noonan, Ronald Reagan, Noonan Organizations: Wall, Journal, NBC News, The, Harvard University’s Institute of Politics, Yale University, Reagan White House, CBS News, Journalism, New York University, Fairleigh Dickinson University, Lions, New York Public Library Locations: New York, Brooklyn , New York, Massapequa Park, Long, Rutherford , New Jersey, Rutherford, New York City
Hong Kong CNN —China has promised to throw its weight behind private businesses, just days after a slew of economic data showed growth momentum had slumped. The measures include promises to break down barriers to market access for private firms, to “fully implement” a system of fair competition and to strengthen enforcement of anti-monopoly laws. “We believe that the … pivot from the top level is real, but it’s not enough to bring back the animal spirit among private companies,” Larry Hu, chief China economist at Macquarie Group, wrote in a research note. That pledge had marked a major shift from leader Xi Jinping’s years-long effort to rein in private businesses, which were perceived as too powerful and disorderly. The Nasdaq Golden Dragon China Index closed 0.7% higher, after falling in several previous trading sessions.
Persons: , Larry Hu, Xi Jinping’s, Premier Li Qiang, Li, , Ma, Lei Jun Organizations: Hong Kong CNN, Communist Party, State Council, Macquarie Group, , Investment, Premier, Alibaba, Tencent, Nasdaq, Dragon Locations: Hong Kong, China, Beijing, New York, Dragon China, Shanghai
Amazon has agreed to change how it handles children's data recorded by Alexa. Under a settlement, the company will now delete all data, including voice recordings, when requested. Amazon will also have to flag the settlement on its "Parent Dashboard," where adults can set limits on children's use of Amazon services. The division is also now responsible for Amazon having to pay the US Treasury Department a $25 million civil penalty. "For too long, Amazon has treated children's sensitive data as its own property," Golin said in a statement provided to Insider.
Persons: Tessa M, Gorman, Josh Golin, Golin, Biden, Lina M, Khan, Suzanne Bernstein, Bernstein Organizations: Amazon, Alexa, Federal Trade Commission, COPPA, US Treasury Department, FTC, Department of Justice, Trump, Privacy, Big Tech Locations: Washington
Wikipedia’s Moment of Truth
  + stars: | 2023-07-18 | by ( Jon Gertner | ) www.nytimes.com   time to read: +4 min
At the moment, it goes against the grain to bet against A.I. The big tech companies, wagering billions on the new technologies and largely undaunted by their shortcomings or risks, seem intent on forging ahead as fast as they can. While Wikipedia’s licensing policy lets anyone tap its knowledge and text — to “reuse and remix” it however they might like — it does have several conditions. Mixing Wikipedia’s corpus into a chatbot model that gives answers to queries without explaining the sourcing may thus violate Wikipedia’s terms of use, two people in the open-source software community told me. In April, Reddit announced that it would not make its corpus available for scraping by big tech companies without compensation.
Persons: Theo, Joseph Reagle, Reagle, Reddit, Nicholas Vincent, Selena Deckelmann, Vincent, , Organizations: Northeastern University, A.I, Getty, Wikimedia Foundation, Google Locations: TikTok, California
All eyes are onJudge Aileen Cannon, who is presiding over the first pretrial hearing Tuesday in the DOJ's prosecution of Donald Trump. Since the confirmation, a least one other Cannon case made national headlines. Judge Aileen Cannon gave her confirmation testimony to the Senate Judiciary Committee over Zoom on July 29, 2020. There, she prosecuted cases involving narcotics, fraud, firearms, and immigration cases, according to her Senate confirmation document. Cannon during her confirmation hearing thanked Rubio as well as fellow Republican Sen. Rick Scott of Florida for their "continued support."
Persons: Aileen Cannon, Donald Trump, Cannon, Nancy Pelosi, Alexandria Ocasio, Cortez, Department's, Trump, Jack Smith's, Bill Barr, behead, Mercedes Cubas, Federalist Society —, Steven Colloton, Gibson, Dunn, Crutcher, Josh Lorence, Ron DeSantis, Lynne Sladky, Lorence, Bobby Flay, DeSantis, Republican Sen, Marco Rubio, Rubio, Rick Scott of, " Rubio, Democratic Sen, Dianne Feinstein, they'd, Pelosi, Paul Hoeffer, Hoeffer, Cannon's, Fort, Paul G Organizations: Trump, Lago, Service, US, Justice Department, Department, FBI, Fox News, Senate, Democratic Rep, Zoom, Committee, Duke University, El, El Nuevo Herald, Miami Herald, University of Michigan Law School, Federalist Society, Crutcher LLP, Southern, Southern District of, GOP, White, Republican, Democratic, Rogers, CNN Locations: Mar, Wall, Silicon, Trump's, Lago, Florida, Alexandria, Cortez of New York, Cali , Colombia, Miami , Florida, Cuba, Spain, El Nuevo, Iowa, Washington ,, Southern District, Southern District of Florida, Athens, Greece, Vero Beach , Florida, Marco Rubio of Florida, Rick Scott of Florida, Cortez, Fort Pierce , Florida, West Palm Beach, Palm Beach
Biden throws his support behind Hollywood actors' strike
  + stars: | 2023-07-14 | by ( Sarah Whitten | ) www.cnbc.com   time to read: +3 min
230712Count President Joe Biden among the supporters of the actors strike in Hollywood. "The President believes all workers — including actors — deserve fair pay and benefits," White House spokesperson said Robyn Patterson in a statement Friday. "The President supports workers' right to strike and hopes the parties can reach a mutually beneficial agreement." Biden, a proponent of organized labor, previously backed striking members of the Writers Guild of America in May, when Hollywood's scribes started picketing. Disney CEO Bob Iger told CNBC this week that he believes the writers and actors' expectations are "just not realistic."
Persons: Joe Biden, , Robyn Patterson, Biden, They're, Bob Iger, Sen, Alex Padilla, Barbara Lee, Adam Schiff Organizations: NATO, Vilnius University, Writers Guild of America, Ford, General Motors, Screen, American Federation of Television, Radio Artists, Alliance, Television Producers, Hollywood, CNBC, Democratic, U.S, Reps, SAG Locations: Vilnius, Lithuania, Hollywood, California, Democratic California
Electronic design company Cadence Design Systems is a stock to watch in the artificial intelligence space, according to Katie Stockton, founder and managing partner of Fairlead Strategies. "Cadence Design is one stock that's just been forging higher, stair-stepping higher, if you will," Stockton said during a special PRO Talks roundtable on A.I. The stock has outperformed in both 2022 and so far in 2023, with Stockton noting the stock was one of few in the AI space to not underperform the broader market last year. And Stockton said some short-term gauges suggest the stock can push through what she described as a short-term consolidation period. More than four out of every five analysts rate the stock a buy, according to Refinitiv.
Persons: Katie Stockton, Stockton, It's, Trent Masters, Masters Organizations: Cadence Design Systems, CNBC, Cadence, Trent, Alphinity Investment Management Locations: Stockton
U.S. Treasury Secretary Janet Yellen addresses journalists in a press conference July 9 capping her four-day Beijing visit. She said "direct, substantive and productive" talks have set relations between the world's two largest economies on a "surer footing." She is the second member of U.S. President Joe Biden's cabinet to visit Beijing in recent weeks amid efforts to stabilize ties between the two powers. Otherwise, she added, Chinese officials can raise their concerns and U.S. will in some cases, address unintended consequences. Just days before Yellen's visit, Beijing had slapped export curbs on chipmaking metals and its compounds — which China's Ministry of Commerce claimed to have given the U.S. and Europe advance notice.
Persons: Janet Yellen, Pedro Pardo, Joe Biden's, Yellen, Joe, Biden, , Yellen's, Premier Li Qiang Organizations: Treasury, Afp, Getty, U.S, U.S ., China's, of Commerce, Premier, China Locations: Beijing, Washington, China, U.S, Europe, United States, decouple
May Trump Soon Reach His Waterloo
  + stars: | 2023-07-07 | by ( Peggy Noonan | ) www.wsj.com   time to read: +1 min
Peggy Noonan is an opinion columnist at the Wall Street Journal where her column, "Declarations," has run since 2000. She has been a fellow at Harvard University’s Institute of Politics, and has taught in the history department at Yale University. Before entering the Reagan White House, Noonan was a producer and writer at CBS News in New York, and an adjunct professor of Journalism at New York University. She was born in Brooklyn, New York and grew up there, in Massapequa Park, Long Island, and in Rutherford, New Jersey. In November, 2016 she was named one of the city's Literary Lions by the New York Public Library.
Persons: Peggy Noonan, , ” Noonan, Ronald Reagan, Noonan Organizations: Wall, Journal, NBC News, The, Harvard University’s Institute of Politics, Yale University, Reagan White House, CBS News, Journalism, New York University, Fairleigh Dickinson University, Lions, New York Public Library Locations: New York, Brooklyn , New York, Massapequa Park, Long, Rutherford , New Jersey, Rutherford, New York City
It’s Gen X’s moment, that generation most known for being crowded out of sweeping cultural age analyses by millennials on one end and boomers on the other. Or as Patton Oswalt, a Gen X comedian, put it: “Gen X is trending, which probably means that, uh … eh, whatever. People are far more complicated than the year they were born — in Gen X’s case, some time between 1965 and 1980. Take Darby Equipment, a manufacturing company in Tulsa, where remote flexibility for years seemed like an alien concept. The former chief executive, Bob Darby, reigned the company, a family business, with a commitment to an in-person regimen.
Persons: , millennials, Patton Oswalt, X’s, Darby, Bob Darby Locations: Tulsa
JPMorgan listed a number of global sectors it says have cheap valuations and "overweight" ratings — referring to the industries it expects to outperform over the next six to 12 months. In a July 3 research note to investors, it picked European telecoms as a "cheap" sector that it is overweight on. In its European "value" basket, telecoms companies included Vodafone and Nokia , while its European "growth" basket included Dutch firm KPN . Energy stocks in JPMorgan's European value basket included Repsol and Siemens Energy , and it included Finnish oil refiner Neste and Norway-based Equinor in its European growth basket. Staples in its European value basket included British grocer Tesco and Swiss chocolate company Lindt & Spruengli .
Persons: Mislav Matejka, Nephew, — CNBC's Michael Bloom Organizations: JPMorgan, Vodafone, Nokia, Energy, Siemens Energy, Staples, Tesco, Banks, WPP, Diageo, GSK, Smith, Prudential, Standard Chartered Locations: Norway, Swiss
U.S. Treasury Secretary Janet Yellen landed in Beijing July 7 on a four-day trip aimed at finding common ground for a mutually beneficial economic relationship between the world's two largest economies. Treasury Secretary Janet Yellen landed in Beijing Thursday on a four-day trip aimed at finding common ground as rivalry between the U.S. and China becomes increasingly adversarial. Before departing for China, Yellen had a "frank and productive discussion" with Xie Feng, the Chinese U.S. ambassador, according to the U.S. Treasury. In an April speech, Yellen stressed the importance of fairness in the U.S. economic competition with China. "A full cessation of trade and investment would be destabilizing for both of our countries and the global economy."
Persons: Janet Yellen, Andrew Sheng, Antony Blinken's, Yellen, Xie Feng Organizations: Treasury, University of Hong, Asia Global Institute, CNBC, U.S, U.S . Treasury, Treasury Department, U.S . Locations: Beijing, Asia, China, Europe, Chinese, People's Republic of China, U.S
Stromness village in Scotland's Orkney islands. The iconic archipelago is considering the prospect of leaving Britain to become part of Norway. An iconic archipelago off the northeast coast of Scotland is looking at ways it might split off from the U.K. and potentially become a self-governing territory of Norway. Under new proposals brought forward by the local council, the Orkney Islands will explore "alternative forms of governance," including changing its legal status within Britain, as it seeks to provide more economic opportunities for islanders. Under the U.K.'s devolved system of government, Orkney, one of 32 council areas in Scotland, receives allotted funding from the Scottish government.
Persons: James Stockan, Stockan, We've Organizations: BBC Radio Scotland, Scottish Locations: Stromness, Scotland's Orkney, Britain, Norway, Scotland, Orkney, Scottish
What Will Prigozhin’s Rebellion Mean?
  + stars: | 2023-06-30 | by ( Peggy Noonan | ) www.wsj.com   time to read: +1 min
Peggy Noonan is an opinion columnist at the Wall Street Journal where her column, "Declarations," has run since 2000. She has been a fellow at Harvard University’s Institute of Politics, and has taught in the history department at Yale University. Before entering the Reagan White House, Noonan was a producer and writer at CBS News in New York, and an adjunct professor of Journalism at New York University. She was born in Brooklyn, New York and grew up there, in Massapequa Park, Long Island, and in Rutherford, New Jersey. In November, 2016 she was named one of the city's Literary Lions by the New York Public Library.
Persons: Peggy Noonan, , ” Noonan, Ronald Reagan, Noonan Organizations: Wall, Journal, NBC News, The, Harvard University’s Institute of Politics, Yale University, Reagan White House, CBS News, Journalism, New York University, Fairleigh Dickinson University, Lions, New York Public Library Locations: New York, Brooklyn , New York, Massapequa Park, Long, Rutherford , New Jersey, Rutherford, New York City
Rep. Maxine Waters, a California Democrat, introduced a trio of bills addressing the housing crisis. They would expand housing vouchers and send $100 billion to help first-generation homebuyers. The legislation — which includes expanding housing vouchers and sending $100 billion to help first-time, first-generation homebuyers — is focused on reducing the racial wealth gap. One bill — the Housing Crisis Response Act of 2023 — includes over $150 billion in funding for affordable housing and investments in closing the racial housing gap. Overall, just one in six eligible families live in public housing, receive a rent-reducing voucher, or live in a subsidized multifamily unit, according to the US Census Bureau.
Persons: Maxine Waters, , Waters Organizations: California Democrat, Service, Interagency, Homelessness, Census Bureau, Financial Services Locations: California
Circor, an industrial machinery maker, said KKR had sweetened its all-cash deal from $49 to $51 per share in the wake of a rival bid of $52.65 per share in cash from an unidentified party. One of Fairbanks' subsidiaries is Hunt Valve, which competes with Circor in providing valve systems to the Navy. Arcline and KKR declined to comment. Circor said it rejected the higher offer because it concluded there was a risk of a protracted review by antitrust regulators that would jeopardize the deal. Circor shares ended at $51.49 on Tuesday, above the $51 per share deal clinched with KKR, indicating that some investors believed an even better deal was possible.
Persons: snubbing, Circor, Arcline, Gardner, Rand Inc's, Aishwarya Nair, David Carnevali, Vinay Dwivedi, Saumyadeb Chakrabarty, Leslie Adler Organizations: KKR, Co Inc, Arcline Investment Management, Fairbanks Morse Defense, U.S . Navy, Fairbanks, Hunt Valve, Circor, Navy, Representatives, Gardner Denver, Ingersoll, Lockheed Martin Corp, Rocketdyne Holdings, L3Harris Technologies, Thomson Locations: Arcline, U.S, Bengaluru, New York
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