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Russia Imposes New Sanctions That Include Netflix, BlackRock, Delta Air Lines Chiefs

Russia retaliated against U.S. sanctions by imposing its own on multiple prominent American CEOs, including BlackRock, Inc (NYSE:BLK), Delta Air Lines, Inc (NYSE:DAL), Netflix, Inc (NASDAQ:NFLX), and Comcast Corp (NASDAQ:CMCSA) Universal Pictures, the Wall Street Journal reports. The sanction included U.S. administration officials and former heads of other large U.S. corporations, and executives at rating firms operated by S&P Global…

Benzinga

Western Digital Weighed Strategic Alternatives Including Business Split

Western Digital Corp (NASDAQ:WDC) had weighed strategic alternatives, including splitting its businesses focused on traditional hard drives for computers and flash memory. Western Digital settled with activist investor Elliott Management Corp calling for the $19 billion company to consider splitting into two, the Wall Street Journal reports. Previously Elliott disclosed a 6% stake in Western…

Benzinga

Ways of Seeing at 50: an icy blast of a book about male voyeurism, art, capitalism and so much more

I still remember the shock when I first saw John Berger’s television series, Ways of Seeing, in 1972. In the years before Australia had colour television BBC art programs were often screened at the Art Gallery of NSW. (Previously the same venue had shown Kenneth Clark’s Civilisation).

The Conversation

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Formula 1 Streaming License Could Be Major Catalyst For Netflix - Read Why

Netflix, Inc (NASDAQ:NFLX), Walt Disney Company (NYSE:DIS) ESPN, and Comcast Corp's (NASDAQ:CMCSA) NBCUniversal bid for a new streaming license for Formula 1, likely to begin in 2023, the TechCrunch reports. Amazon.com Inc (NASDAQ:AMZN) Amazon Prime was also a part of the bid, the Insider reports. ESPN acknowledged their aggressive pursuit of renewal as Formula 1 weighed other options.…

Benzinga

'Pain was a blessing': The surprising history of surgery

Without modern luxuries like anaesthetics, surgery in the past was a bloody, violent and largely unsuccessful affair.

ABC News

Why does the Moon look close some nights and far away on other nights?

Curious Kids is a series for children of all ages. If you have a question you’d like an expert to answer, send it to curiouskidsus@theconversation.com.

The Conversation

Disney Brings Apple Gaming Expert On Board To Shape Its Metaverse Dreams

Walt Disney Company (NYSE:DIS) roped in former Apple Inc's (NASDAQ:AAPL) top gaming official Mark Bozon as a senior creative leader for its cross-divisional Next Generation Storytelling initiative, the Variety reports. The initiative encompassed Disney's "metaverse" ambitions. On May 20, Bozon tweeted his departure from Apple after 12 years for "an absolute dream job." Also Read: Read How…

Benzinga

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Walmart Targets Faster Deliveries Via 4 Fulfillment Centers, Intensifies Rivalry With Amazon

Walmart Inc (NYSE:WMT) plans to build four new e-commerce fulfillment centers using an automated system to speed deliveries firing up rivalry with Amazon.com Inc (NASDAQ:AMZN). Walmart will open its first warehouse in Joliet, Illinois, this summer. Walmart will build additional centers in Indiana, Pennsylvania, and Texas over the next three years, Bloomberg reports. E-commerce giants like Alibaba Group Holding Limited (NYSE: BABA) and…

Benzinga

Burger King Faces Difficulty In Exiting Russian JV: Reuters

Restaurant Brands International Inc (NYSE:QSR) owned Burger King is finding it difficult to close its joint venture in Russia, Reuters reported. The fast-food chain has been having a hard time exiting its partnership and about 800 franchised locations after Russia's invasion of Ukraine. Restaurant Brands intended to dispose of its Burger King joint venture ownership…

Benzinga

McDonald's To Deploy Third Party Firm To Evaluate Diversity Initiatives: WSJ

McDonald's Corp (NYSE:MCD) is planning to deploy a third party to evaluate its effort on diversity, equity, and inclusion, the Wall Street Journal reported. In a Securities and Exchange Commission (SEC) filing, the company said about 274 million shares of the company's common stock were voted in favor of the third-party civil…

Benzinga

Daimler Truck Head Sees Signs Of Chip Crisis Recovery

Daimler Truck Holding AG (OTC:DTRUY) head Karin Radstrom, in an interview with Bloomberg, acknowledged seeing chip crisis recovery signs. Her comments mirrored with Mercedes Benz Group AG (OTC:DMLRY) production chief Joerg Burzer's recent similar assessment. Radstrom added that the factories are busy with backlog orders after months of outages due to chip component shortfalls.…

Benzinga

Electronic Arts In Trouble As Activists Bring Gambling Charges Against 'FIFA: Ultimate Team'

Consumer advocates demanded U.S. regulators probe videogame maker Electronic Arts Inc (NASDAQ:EA) for the misleading use of a digital "loot box" that "aggressively" provoked players to splurge while playing a popular soccer game, Reuters reports. Fairplay, Center for Digital Democracy, and 13 other organizations urged the Federal Trade Commission to probe the EA…

Benzinga

China Will Lose Ability To Access Amazon's Kindle E-Book Store From 2023

Amazon.com, Inc (NASDAQ:AMZN) looks to cease operating its Kindle e-book store in China from the end of June 2023, Reuters reports based on the e-commerce giant's official WeChat account. China's customers will no longer be able to purchase new e-books from June 2023 for reasons undisclosed. Also Read: Microsoft Brings Down Curtains On LinkedIn…

Benzinga

Toshiba Gets Privatization Proposals - Guess How Many Are Interested

Japanese multinational Toshiba Corp (OTC:TOSYY) has received eight proposals for privatization and two to form capital alliances that would make it remain listed. The company’s board of directors and a special committee have previously sought proposals for strategic alternatives after the shareholders voted against a proposed restructuring plan. The proposals received are not legally…

Benzinga

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Benzinga

Calvin Klein Parent PVH's Q1 Earnings Top Estimates

PVH Corp (NYSE:PVH) reported first-quarter FY22 sales growth of 2% to $2.12 billion, beating the consensus of $2.09 billion. Revenue increased 7% on a constant currency basis. Tommy Hilfiger's revenue increased 2% Y/Y, and Calvin Klein registered a 13% growth. Heritage Brands' revenue decreased by 31%. EPS of $1.94 beat the analyst consensus…

Benzinga

Read How Hyundai Motor America Performed In May

Hyundai Motor Co's (OTC:HYMTF) Hyundai Motor America reported sales of 59,432 units for the month of May, a 34% decrease year-over-year. The automaker had no fleet sales in May 2022. The company has sold 280,776 units year-to-date, a 16% decline Y/Y. Randy Parker, SVP, national sales, Hyundai Motor America, said, "We expect demand…

Benzinga

Senator Sherrod Brown Asks Wells Fargo To Right Past Wrongs

Sen. Sherrod Brown, Chair of the Senate Committee on Banking, Housing, and Urban Affairs, has asked Wells Fargo & Co (NYSE:WFC) to stop its mismanagement practices. In an open letter to CEO Charles Scharf, the senator urged the company to right past wrongs. "Recent revelations of racial disparities in mortgage lending, fake…

Benzinga

Redbird Capital Buys Italian Football Club AC Milan

RedBird Capital Partners entered into a definitive agreement to acquire Associazione Calcio Milan (AC Milan) Club, newly crowned Champions of Serie A, from Elliott Advisors UK Limited, for 1.2 billion euros ($1.3 billion). The transition to new ownership will take place over the summer, with closing expected in September 2022. Elliott to retain a…

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Benzinga

Here's Why Morgan Stanley Downgraded American Eagle Outfitters, Sees Considerable Downside

Morgan Stanley analyst Kimberly Greenberger downgraded American Eagle Outfitters Inc (NYSE:AEO) to Underweight from Equal-Weight with a price target of $8, down from $22, implying a 32% downside. The analyst noted the company reduced its 2022 guidance as its optimism proved excessive. Greenberger sees further risk to sales driven by significant Average Unit Retail (AUR) giveback. She…

The Conversation

Margaret Atwood's flamethrower of a stunt and the misguided moral certainty of book burning

If someone had told me a few weeks ago that nearly every major news website and social media account in the English-speaking world would post a video of Margaret Atwood – the 82-year-old matron saint of Canadian letters, the subject of countless doctoral dissertations and at least ten forests worth…

Reason

Tucker Carlson's Great Replacement Theory Is Spectacularly Wrong

Republicans have thrived since Ronald Reagan granted amnesty to 2.7 million mostly Mexican illegal immigrants in 1986.

Benzinga

Victoria's Secret To Finance Settlement For Thai Workers Laid Off By Its Supplier: Reuters

Victoria’s Secret & Co (NYSE:VSCO) has agreed to finance an $8.3 million settlement loan to its Thailand-based supplier Brilliant Alliance Thai Global Co Ltd, Reuters reported. About 1,200 workers of the supplier were laid off in 2021 without severance pay and wages owed to them after it went bankrupt. Brilliant Alliance Thai…

Benzinga

Lowe's Hikes Dividend By 31%

Lowe's Companies Inc (NYSE:LOW) board of directors has increased the quarterly cash dividend by 31% to $1.05 from the previous quarterly dividend of $0.80 per share. The dividend is payable on August 3, 2022, to shareholders of record as of July 20, 2022. Lowe's has paid a cash dividend every quarter since going public…

Benzinga

Why Big Lots Shares Are Plunging Today

Big Lots Inc (NYSE:BIG) reported a first-quarter FY22 revenue decline of 15.4% year-over-year to $1.37 billion, missing the consensus of $1.46 billion. Comparable sales decreased 17% versus an 11.3% increase last year. Ecommerce accounted for 7% of total sales in the quarter. The gross margin for the quarter decreased 350 basis points Y/Y…

Benzinga

Airbus's New Facility To Research Cryogenic Fuel Systems, Focused On Hydrogen Technologies

Airbus SE (OTC:EADSY) is establishing a hydrogen-focused facility in the United Kingdom; its latest attempt to boost the design of its next generation of aircraft, reported CNBC. Airbus stated in a statement Wednesday that the Zero Emission Development Centre in Filton, Bristol, has already begun working on the technology's development. One of…

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