Eight wounded in shooting near French mosque: Source

Eight people were wounded in a shooting in front of a mosque in the southern French city of Avignon in an incident police consider to be a settling of scores rather than a militant attack, a source close to the investigation said on Monday. Two of the eight wounded were hospitalized after the incident, according to the source, who also said that worshipers leaving the mosque had not been the intended target. La Provence regional newspaper, which first reported the incident, cited a judicial sour


Eight people were wounded in a shooting in front of a mosque in the southern French city of Avignon in an incident police consider to be a settling of scores rather than a militant attack, a source close to the investigation said on Monday. Two of the eight wounded were hospitalized after the incident, according to the source, who also said that worshipers leaving the mosque had not been the intended target. La Provence regional newspaper, which first reported the incident, cited a judicial sour
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Keywords: news, games, cnbc, companies, newspaper, militant, cited, mosque, source, youthsthe, wounded, incident, saying, shooting, provence, french, near


Eight wounded in shooting near French mosque: Source

Eight people were wounded in a shooting in front of a mosque in the southern French city of Avignon in an incident police consider to be a settling of scores rather than a militant attack, a source close to the investigation said on Monday.

Two of the eight wounded were hospitalized after the incident, according to the source, who also said that worshipers leaving the mosque had not been the intended target.

La Provence regional newspaper, which first reported the incident, cited a judicial source as saying police are “not at all treating it as terrorist related” and suspected instead a dispute between youths.

The newspaper also cited witnesses as saying that one of two gunmen with their faces covered had fired shots around at 10:30 p.m. as people were coming out of the mosque before the two fled the scene.

Four people were wounded outside the mosque while a family of four in their apartment some fifty meters (yards) away took shrapnel, La Provence said.

The incident comes after a man was arrested on Thursday after trying to drive a car into a crowd in front of a mosque in the Paris suburb of Creteil in an incident in which no one was injured.

France is on high security alert following a series of militant attacks in recent years.

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Company: cnbc, Activity: cnbc, Date: 2017-07-02
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Craft brewers assert their independence as fireworks erupt over who’s making the beer

Rob Tod, founder of Allagash Brewing Company in Portland, Maine and chair of the Brewers Association board of directors, made his case for why independence matters. “When beer lovers buy independent craft beer, they are supporting American entrepreneurs and the risk takers who have long strived not just to be innovative and make truly great beer, but to also build culture and community in the process” he said in a statement. A recent study commissioned by beer-industry trade publication Brewboun


Rob Tod, founder of Allagash Brewing Company in Portland, Maine and chair of the Brewers Association board of directors, made his case for why independence matters. “When beer lovers buy independent craft beer, they are supporting American entrepreneurs and the risk takers who have long strived not just to be innovative and make truly great beer, but to also build culture and community in the process” he said in a statement. A recent study commissioned by beer-industry trade publication Brewboun
Craft brewers assert their independence as fireworks erupt over who’s making the beer Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2017-07-02  Authors: tom rotunno, source, brewers association, -andy ingram, founder, four peaks brewing
Keywords: news, games, cnbc, companies, wine, brewing, assert, craft, erupt, seal, fireworks, brewers, whos, wicked, independence, ba, making, words, beer, weed


Craft brewers assert their independence as fireworks erupt over who’s making the beer

“We realize that it can be a confusing world out there with a great deal of obfuscation and “pay no attention to the man behind the curtain” tactics of big beer,” he added.

Rob Tod, founder of Allagash Brewing Company in Portland, Maine and chair of the Brewers Association board of directors, made his case for why independence matters.

“When beer lovers buy independent craft beer, they are supporting American entrepreneurs and the risk takers who have long strived not just to be innovative and make truly great beer, but to also build culture and community in the process” he said in a statement.

However, some other brewers say the BA seal is divisive, at a time when brewers need to be coming together in the wake of the overall beer segment losing market share to wine and spirits.

“There are clear threats from wine and spirits out there that, whether we are being willful and not noticing that or we are too busy fighting amongst ourselves, there is a clear present danger out there,” said Andy Ingram, founder of Four Peaks Brewing in Tempe, Arizona which was purchased by Anheuser in 2015.

While many brewer’s big and small argue over the labels and definitions, the question remains whether or not the seal will have any cachet with consumers when it comes time to buying the brew.

A recent study commissioned by beer-industry trade publication Brewbound.com and conducted by Nielsen, suggests it could—at least among those who define themselves as “regular craft beer” drinkers.

The study looked at 29 words commonly used to market beer, with the term “independently owned” among the top words that drove purchasing decisions among craft beer drinkers.

Still, Chris Furnari, the editor of Brewbound.com isn’t totally convinced the seal will be game changer when it comes to purchasing decisions.

“A small group of consumers will [be swayed], but most mainstream drinkers will likely choose products and brands that appeal to them on levels that go beyond ownership” he said.

Furnari views the seal as a missed opportunity by the BA to ensure the quality of the breweries that choose to use it. At a minimum, he said the BA should require date coding on all packaging, to let the buyer know how fresh the product is.

“I am disappointed that the BA has seemingly chosen to prioritize ownership over quality when introducing this seal” he said.

With the seal set to begin appearing on packaging in the coming months, the debate over “independence” in craft is sure to continue, something Walt Dickinson of North Carolina based Wicked Weed Brewing addressed in a video statement. In May, Wicked Weed was purchased by Anheuser’s The High End, its imprint for craft brands.

“I was just hoping we could get back to just talking about beer, but I guess we’re not there yet but hopefully soon,” he added.


Company: cnbc, Activity: cnbc, Date: 2017-07-02  Authors: tom rotunno, source, brewers association, -andy ingram, founder, four peaks brewing
Keywords: news, games, cnbc, companies, wine, brewing, assert, craft, erupt, seal, fireworks, brewers, whos, wicked, independence, ba, making, words, beer, weed


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Here are the cost differences for 6 organic July 4 BBQ foods alternatives

America, which staked out its independence 241 years ago, is undergoing a new revolution of sorts, as consumers across the country opt for healthier meals. “There’s a major shift going on,” said Robert Moskow, an analyst at Credit Suisse. “Whole Foods ushered in a much broader array of options for the consumer that was more organic, more natural, more locally sourced. It ended up educating the consumer on what’s going into the food and making them more selective and more sophisticated.” Consumer


America, which staked out its independence 241 years ago, is undergoing a new revolution of sorts, as consumers across the country opt for healthier meals. “There’s a major shift going on,” said Robert Moskow, an analyst at Credit Suisse. “Whole Foods ushered in a much broader array of options for the consumer that was more organic, more natural, more locally sourced. It ended up educating the consumer on what’s going into the food and making them more selective and more sophisticated.” Consumer
Here are the cost differences for 6 organic July 4 BBQ foods alternatives Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2017-07-02  Authors: kelly song, david gernon, getty images, mario proenca, bloomberg, daniel acker
Keywords: news, games, cnbc, companies, sourced, used, shift, foods, moskow, food, healthier, independence, cost, bbq, differences, organic, alternatives, locally, going


Here are the cost differences for 6 organic July 4 BBQ foods alternatives

America, which staked out its independence 241 years ago, is undergoing a new revolution of sorts, as consumers across the country opt for healthier meals.

In a country where people love to eat, quinoa, kale and grass-fed meats are fast becoming the norm—even during July 4, which doubles as an unofficial eating holiday. In this environment, craft beers and infused water are supplanting Budweisers and sodas.

“There’s a major shift going on,” said Robert Moskow, an analyst at Credit Suisse. “Whole Foods ushered in a much broader array of options for the consumer that was more organic, more natural, more locally sourced. It ended up educating the consumer on what’s going into the food and making them more selective and more sophisticated.”

The shift hasn’t come without sacrifices: It costs a lot more money to eat healthier. Consumers opting for more organic, locally sourced groceries can end up paying drastically more than their traditional food varieties.

“We as a species are now used to having our cake and eating it too,” said Greg Fleishman, CEO and co-founder of Purely Righteous Brands, a consultancy that advises companies on green growth.

As a result, “people are willing to pay a premium for that kind of quality assurance,” Moskow said.

As Americans fire up the grill to celebrate Independence Day, CNBC used data from Nielsen and the Beverage Marketing Corporation to figure out how much it costs to swap out classic ingredients for more health-conscious substitutes. In some cases, substituted items can end up costing almost twice as much.


Company: cnbc, Activity: cnbc, Date: 2017-07-02  Authors: kelly song, david gernon, getty images, mario proenca, bloomberg, daniel acker
Keywords: news, games, cnbc, companies, sourced, used, shift, foods, moskow, food, healthier, independence, cost, bbq, differences, organic, alternatives, locally, going


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‘Spider-Man: Homecoming’ to test fans’ appetite for reboots

But there is a bigger question that “Spider-Man: Homecoming” may answer: Will fans burn out as studios introduce new spins on popular superheroes, or can they continue to reinvent these characters and keep cashing in? BoxOffice.com is betting “Spider-Man: Homecoming” will outperform expectations and drum up $125 million in its U.S. opening, as strong reviews following early screenings boost the buzz ahead of next week’s debut. “Spider-Man: Homecoming” currently has a 92 percent “Fresh” rating on


But there is a bigger question that “Spider-Man: Homecoming” may answer: Will fans burn out as studios introduce new spins on popular superheroes, or can they continue to reinvent these characters and keep cashing in? BoxOffice.com is betting “Spider-Man: Homecoming” will outperform expectations and drum up $125 million in its U.S. opening, as strong reviews following early screenings boost the buzz ahead of next week’s debut. “Spider-Man: Homecoming” currently has a 92 percent “Fresh” rating on
‘Spider-Man: Homecoming’ to test fans’ appetite for reboots Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2017-07-02  Authors: tom dichristopher, eric charbonneau
Keywords: news, games, cnbc, companies, characters, superhero, fans, test, spiderman, appetite, media, audiences, screen, according, homecoming, social, tweets, reboots


'Spider-Man: Homecoming' to test fans' appetite for reboots

But there is a bigger question that “Spider-Man: Homecoming” may answer: Will fans burn out as studios introduce new spins on popular superheroes, or can they continue to reinvent these characters and keep cashing in?

“Franchise fatigue is always a concern for any series as well-represented on the big screen as this character has been over the past 15 years, but the pros definitely seem to outweigh the cons in this case,” said Shawn Robbins, chief analyst at BoxOffice.com.

BoxOffice.com is betting “Spider-Man: Homecoming” will outperform expectations and drum up $125 million in its U.S. opening, as strong reviews following early screenings boost the buzz ahead of next week’s debut.

“Spider-Man: Homecoming” currently has a 92 percent “Fresh” rating on RottenTomatoes, and it’s the most talked about movie on social media right now, according to comScore.

More importantly, that conversation is mostly positive.

Nearly 60 percent of tweets hashtagged #SpidermanHomecoming were positive between June 24-29, according to marketing technology firm Amobee. Audience data firm Taykey’s reading of social media produced a similar rating.

About 6,000 tweets mentioned both Tom Holland and Spider-Man during the same period, with 47 percent positive and just 2 percent negative, according to Amobee. Roughly a quarter of digital content engagement around Spider-Man’s alter-ego Peter Parker has been related to Holland over the last year.

Comic book movie social media sentiment, source: Taykey

Reinvention and reinterpretation are part of the superhero genre because different writers and artists regularly take over the characters, said Jonathan Cohen, principal brand analyst at Amobee.

“On the big screen, these characters have proven to be equally as pliable to new interpretations,” he told CNBC in an email. “Recasting or rebooting a franchise isn’t nearly as risky as it might initially seem.”

There’s also a concern that older audiences won’t buy into Holland’s Spider-Man, who skews younger than past incarnations. Yet much of the social media conversation around “Spider-Man: Homecoming” is happening among millennial men, according to analysis by Taykey.

That may indicate that older audiences are not turned off by the prospect of a sophomoric Spider-Man.

Sony and Marvel appear to have hedged their bets to some degree. By having fan-favorite Robert Downey Jr. appear as Iron Man, it serves to bridge the generation gap, said comScore’s Dergarabedian. Still, he also believes Holland’s fresh-faced Spidey offers fans something new.

“Spider-Man certainly is one of those crown jewels of the superhero world, and that’s why they keep rebooting it and going back to it and trying to reinvent it and re-imagine it for today’s audiences,” Dergarabedian said.


Company: cnbc, Activity: cnbc, Date: 2017-07-02  Authors: tom dichristopher, eric charbonneau
Keywords: news, games, cnbc, companies, characters, superhero, fans, test, spiderman, appetite, media, audiences, screen, according, homecoming, social, tweets, reboots


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Australia’s Fairfax ends talks with private equity suitors without formal bid

Australia’s Fairfax Media on Monday said it had ceased discussions with two U.S private equity suitors, ending investor hopes of a protracted battle for Australia’s oldest newspaper publisher. “Following the conclusion of this process Fairfax did not receive a binding offer from either the TPG Consortium or Hellman & Friedman. Accordingly, the Fairfax board has ceased discussions with both parties,” Fairfax said in a statement to the Australian Securities Exchange. Shares in the company slid 8 p


Australia’s Fairfax Media on Monday said it had ceased discussions with two U.S private equity suitors, ending investor hopes of a protracted battle for Australia’s oldest newspaper publisher. “Following the conclusion of this process Fairfax did not receive a binding offer from either the TPG Consortium or Hellman & Friedman. Accordingly, the Fairfax board has ceased discussions with both parties,” Fairfax said in a statement to the Australian Securities Exchange. Shares in the company slid 8 p
Australia’s Fairfax ends talks with private equity suitors without formal bid Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2017-07-02
Keywords: news, games, cnbc, companies, ends, newspapers, newspaper, hellman, million, formal, private, talks, discussions, friedman, suitors, australias, bid, tpg, fairfax, australian, publisher, equity


Australia's Fairfax ends talks with private equity suitors without formal bid

Australia’s Fairfax Media on Monday said it had ceased discussions with two U.S private equity suitors, ending investor hopes of a protracted battle for Australia’s oldest newspaper publisher.

The publisher last month fielded bids worth as much as A$2.87 billion ($2.2 billion) from TPG Capital Management LP and Hellman & Friedman, and both firms were granted due diligence.

“Following the conclusion of this process Fairfax did not receive a binding offer from either the TPG Consortium or Hellman & Friedman. Accordingly, the Fairfax board has ceased discussions with both parties,” Fairfax said in a statement to the Australian Securities Exchange.

Fairfax said it would proceed with previously announced plans to demerge its profitable property classifieds division, Domain Group, by the end of 2017.

Domain is the company’s biggest profit generator and in a trading update also issued on Monday, Fairfax said it expected Domain’s revenue to rise 10 percent for the year to June 30, 2018, while revenues for its newspapers and radio divisions would fall.

The forecast EBITDA range of between A$262 million and A$266 million is in line with the expectations of two analysts polled by Thomson Reuters I/E/B/S.

The buyer interest in the 186-year-old publisher of the Sydney Morning Herald and Australian Financial Review newspapers had sent its shares soaring to a six-year high of A$1.270 in early June.

Fairfax investors had watched the stock sink from A$4.99 in 2007, when its long-term problems began with the migration of classified advertising to the internet.

Shares in the company slid 8 percent in late trade on Friday after The Australian newspaper reported Hellman & Friedman was unlikely to lodge a formal bid.

A Hellman & Friedman spokeswoman was not immediately available for comment.

TPG announced on Sunday it had abandoned its A$1.20-per-share bid and a spokesman said the firm had no further comment on Monday.


Company: cnbc, Activity: cnbc, Date: 2017-07-02
Keywords: news, games, cnbc, companies, ends, newspapers, newspaper, hellman, million, formal, private, talks, discussions, friedman, suitors, australias, bid, tpg, fairfax, australian, publisher, equity


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Lyft opens up hubs across the country to get drivers on the road in a few hours

How to become a Lyft driver in an hour 5 Hours Ago | 01:35Lyft is using some of its $600 million in new funding to open driver-service centers—called hubs —to get drivers on the road in a matter of hours. They’re currently in cities that include Boston, Seattle, Los Angeles and Chicago and opened in Phoenix and Atlanta in June. It’s part of a wider effort by the start-up to take market share from Uber, which is reeling from the fallout over management misconduct. A report earlier this month base


How to become a Lyft driver in an hour 5 Hours Ago | 01:35Lyft is using some of its $600 million in new funding to open driver-service centers—called hubs —to get drivers on the road in a matter of hours. They’re currently in cities that include Boston, Seattle, Los Angeles and Chicago and opened in Phoenix and Atlanta in June. It’s part of a wider effort by the start-up to take market share from Uber, which is reeling from the fallout over management misconduct. A report earlier this month base
Lyft opens up hubs across the country to get drivers on the road in a few hours Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2017-07-01  Authors: john shinal
Keywords: news, games, cnbc, companies, share, drivers, opens, workplace, earlier, market, cities, road, company, hubs, lyft, country, hours, uber


Lyft opens up hubs across the country to get drivers on the road in a few hours

How to become a Lyft driver in an hour 5 Hours Ago | 01:35

Lyft is using some of its $600 million in new funding to open driver-service centers—called hubs —to get drivers on the road in a matter of hours.

The company has centers in nine U.S. cities and is opening a 10th hub in the coming months, a spokesperson told CNBC, without disclosing the location. They’re currently in cities that include Boston, Seattle, Los Angeles and Chicago and opened in Phoenix and Atlanta in June.

It’s part of a wider effort by the start-up to take market share from Uber, which is reeling from the fallout over management misconduct.

A report earlier this month based on research from the firm TXN Solutions said Lyft’s market share had risen to near 25 percent, from 21 percent two years earlier. That was before Uber CEO Travis Kalanick resigned from the company after reports detailed widespread sexual discrimination, bullying and other hostile workplace behavior.

Part orientation center, part vehicle-inspection station, Lyft said these hubs are helping the ride-hailing company get new drivers behind the wheel faster.


Company: cnbc, Activity: cnbc, Date: 2017-07-01  Authors: john shinal
Keywords: news, games, cnbc, companies, share, drivers, opens, workplace, earlier, market, cities, road, company, hubs, lyft, country, hours, uber


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Ukraine points finger at Russian security services in recent cyber attack

Hacking Ukrainian state institutions is part of what Ukraine says is a “hybrid war” by Russia on Kiev. “This testifies to the involvement of the special services of Russian Federation in this attack.” Referencing the $300 ransomware demand, the SBU said “the virus is cover for a large-scale attack on Ukraine. “The TeleBots group continues to evolve in order to conduct disruptive attacks against Ukraine,” it said. “Prior to the outbreak, the Telebots group targeted mainly the financial sector.


Hacking Ukrainian state institutions is part of what Ukraine says is a “hybrid war” by Russia on Kiev. “This testifies to the involvement of the special services of Russian Federation in this attack.” Referencing the $300 ransomware demand, the SBU said “the virus is cover for a large-scale attack on Ukraine. “The TeleBots group continues to evolve in order to conduct disruptive attacks against Ukraine,” it said. “Prior to the outbreak, the Telebots group targeted mainly the financial sector.
Ukraine points finger at Russian security services in recent cyber attack Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2017-07-01  Authors: sergei supinsky, afp, getty images
Keywords: news, games, cnbc, companies, security, finger, ukraine, points, telebots, virus, attack, sbu, services, russia, outbreak, state, group, cyber, russian, recent


Ukraine points finger at Russian security services in recent cyber attack

Relations between Ukraine and Russia went into freefall after Moscow’s annexation of Crimea in 2014 and the subsequent outbreak of a Kremlin-backed separatist insurgency in eastern Ukraine that has killed more than 10,000 people.

Hacking Ukrainian state institutions is part of what Ukraine says is a “hybrid war” by Russia on Kiev. Russia denies sending troops or military equipment to eastern Ukraine.

“The available data, including those obtained in cooperation with international antivirus companies, give us reason to believe that the same hacking groups are involved in the attacks, which in December 2016 attacked the financial system, transport and energy facilities of Ukraine using TeleBots and BlackEnergy,” the SBU said.

“This testifies to the involvement of the special services of Russian Federation in this attack.”

The SBU in an earlier statement on Friday said it had seized equipment it said belonged to Russian agents in May and June to launch cyber attacks against Ukraine and other countries.

Referencing the $300 ransomware demand, the SBU said “the virus is cover for a large-scale attack on Ukraine. This is evidenced by a lack of a real mechanism for taking possession of the funds … enrichment was not the aim of the attack.”

“The main purpose of the virus was the destruction of important data, disrupting the work of public and private institutions in Ukraine and spreading panic among the people.”

A cyber attack in December on a Ukrainian state energy computer caused a power cut in the northern part of the capital Kiev.

The Russian foreign ministry and Federal Security Service did not immediately respond to requests for comment on the latest allegations.

Russian oil major Rosneft was one of the first companies to reveal it had been compromised by the virus and sources told Reuters on Thursday computers at state gas giant Gazprom had also been infected.

The SBU’s accusations chime with some of the findings of the cyber security firm ESET in Slovakia, which said in research published online on Friday that the Telebots group — which has links to BlackEnergy — was behind the attack.

“Collecting ransom money was never the top priority for the TeleBots group,” it said, suggesting Ukraine was the target but the virus spread globally as “affected companies in other countries had VPN connections to their branches, or to business partners, in Ukraine.”

“The TeleBots group continues to evolve in order to conduct disruptive attacks against Ukraine,” it said.

“Prior to the outbreak, the Telebots group targeted mainly the financial sector. The latest outbreak was directed against businesses in Ukraine, but they apparently underestimated the malware’ spreading capabilities. That’s why the malware went out of control.”

Follow CNBC International on Twitter and Facebook.


Company: cnbc, Activity: cnbc, Date: 2017-07-01  Authors: sergei supinsky, afp, getty images
Keywords: news, games, cnbc, companies, security, finger, ukraine, points, telebots, virus, attack, sbu, services, russia, outbreak, state, group, cyber, russian, recent


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Citi’s Shafir thinks a ‘secular downturn’ is at hand in mergers

“It’s very hard to tell where we’re going to go,” said Shafir. Shafir cites two hurdles for the lackluster deal environment: Valuations and regulation. We’re talking about a number just under 13x EBITDA, contrast that to 2007 it was 12.7x,” said Shafir. Still, when it comes to high valuations, Shafir still sees windows of opportunity. When it comes to shareholder activism, Shafir sees no signs of letting up, citing Jana’s ability to ‘push’ Whole Foods into the embrace of Amazon.


“It’s very hard to tell where we’re going to go,” said Shafir. Shafir cites two hurdles for the lackluster deal environment: Valuations and regulation. We’re talking about a number just under 13x EBITDA, contrast that to 2007 it was 12.7x,” said Shafir. Still, when it comes to high valuations, Shafir still sees windows of opportunity. When it comes to shareholder activism, Shafir sees no signs of letting up, citing Jana’s ability to ‘push’ Whole Foods into the embrace of Amazon.
Citi’s Shafir thinks a ‘secular downturn’ is at hand in mergers Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2017-07-01  Authors: leanne miller
Keywords: news, games, cnbc, companies, ma, citis, think, deals, sees, high, secular, downturn, hand, valuations, talking, thinks, mergers, shafir, going, billion


Citi’s Shafir thinks a 'secular downturn' is at hand in mergers

U.S.-targeted M&A is down 25 percent to $562.6 billion, the lowest total since 2013. Meanwhile, M&A in Europe has soared, up 15 percent from last year’s totals.

“It’s very hard to tell where we’re going to go,” said Shafir. “My bias is it’s going to be slower. I think 10 percent down might be a pretty good result for us.”

By Citigroup’s estimates, if deal making in the second half of the year mimics the first, the M&A market will have decreased 40 percent from the highs of 2015.

Shafir cites two hurdles for the lackluster deal environment: Valuations and regulation. In other words, company stocks are valued too richly, and there’s too much government red tape to make it all worthwhile.

“Valuations are at an all-time high. We’re talking about a number just under 13x EBITDA, contrast that to 2007 it was 12.7x,” said Shafir. “So we’re at a very high number.”

As far as regulation, Shafir says a lack of movement on tax reform and some concerns in Europe about Brexit, have also made the environment more tepid.

Still, when it comes to high valuations, Shafir still sees windows of opportunity.

“Anecdotally, what I see, talking to CEOs and boards, is that big strategic stuff has been on a list, it becomes actionable, people are still going to do [deals]” he said. “You still have very low weighted average cost to capital.”

According to Dealogic, there have been 15 percent more mega-deals so far this year than compared to 2016, including Actelion’s $31.4 billion dollar sale to Johnson & Johnson and CR Bard’s $24 billion sale to Becton Dickinson.

“The irony is, if you look at the $10 billion plus, year over year, we’re up about two deals relative to 2016—but it’s not tech. The top five deals are health care and consumer, largely. And so the market has shifted.”

When it comes to shareholder activism, Shafir sees no signs of letting up, citing Jana’s ability to ‘push’ Whole Foods into the embrace of Amazon.

“The number of campaigns will be up,” he said. “I don’t think it’s going away.”


Company: cnbc, Activity: cnbc, Date: 2017-07-01  Authors: leanne miller
Keywords: news, games, cnbc, companies, ma, citis, think, deals, sees, high, secular, downturn, hand, valuations, talking, thinks, mergers, shafir, going, billion


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More donors give bitcoin and assets other than cash to charities

Plus, that $50,000 gift is available to be claimed as a itemized charitable tax deduction. Or let’s say you want to unload bitcoin after its rapid rise this year. If you donate the bitcoin instead of selling it, you can take a charitable deduction for the fair market value on the day you give it away. You can only deduct the fair market value if you held the bitcoin for more than a year before giving it away. “Often people have appreciated assets, like stock, business interest or real estate, bu


Plus, that $50,000 gift is available to be claimed as a itemized charitable tax deduction. Or let’s say you want to unload bitcoin after its rapid rise this year. If you donate the bitcoin instead of selling it, you can take a charitable deduction for the fair market value on the day you give it away. You can only deduct the fair market value if you held the bitcoin for more than a year before giving it away. “Often people have appreciated assets, like stock, business interest or real estate, bu
More donors give bitcoin and assets other than cash to charities Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2017-07-01  Authors: tom anderson, -arlene cogen, a certified financial planner, philanthropy consultant
Keywords: news, games, cnbc, companies, hamilton, bitcoin, value, donors, fair, assets, financial, tax, deduction, market, charities, cash, gains


More donors give bitcoin and assets other than cash to charities

“Donor-advised funds are a great way to give nonpublicly traded assets. Some charities will accept such assets directly, but only if they have the requisite expertise in-house,” said Juan Ros, a certified financial planner and vice president for financial planning and philanthropy at Lamia Financial Group in Thousand Oaks, California.

Gifting appreciated assets comes with a double tax benefit: “Not only do you get to deduct the fair market value of the gift as a charitable deduction, but you also get to avoid paying tax on the unrealized gain of the donated property,” said Chad Hamilton, a CFP in Denver who specializes in philanthropy.

For example, let’s say a business owner makes a deal to sell his company and gifts shares of his stock worth $50,000 to a donor-advised fund. The business owner would avoid taxation on that $50,000 when the company is sold.

Assuming a cost basis of zero and an effective tax rate of 30 percent, a combination of long-term capital gains, state income tax and Medicare surtax, that is a long-term capital gains tax savings of $15,000, Hamilton said. Plus, that $50,000 gift is available to be claimed as a itemized charitable tax deduction.

Or let’s say you want to unload bitcoin after its rapid rise this year. If you donate the bitcoin instead of selling it, you can take a charitable deduction for the fair market value on the day you give it away.

Another bonus: You’ll also avoid capital gains taxes on the increase in value over time, which you would pay if you sold the bitcoin and then gave the charity the cash from the sale.

You can only deduct the fair market value if you held the bitcoin for more than a year before giving it away. If you’ve held it for less than a year, your deduction is limited to your cost basis, or what you paid for the digital currency, not its current value.

“Often people have appreciated assets, like stock, business interest or real estate, but they don’t think of gifting those and instead just give cash,” Hamilton said.


Company: cnbc, Activity: cnbc, Date: 2017-07-01  Authors: tom anderson, -arlene cogen, a certified financial planner, philanthropy consultant
Keywords: news, games, cnbc, companies, hamilton, bitcoin, value, donors, fair, assets, financial, tax, deduction, market, charities, cash, gains


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China’s Xi talks tough on Hong Kong as thousands protest for democracy

He also referred to the “humiliation and sorrow” China suffered during the first Opium War in the early 1840s that led to the ceding of Hong Kong to the British. Hong Kong has been racked by demands for full democracy and, more recently, by calls by some pockets of protesters for independence, a subject that is anathema to Beijing. “It’s a more frank and pointed way of dealing with the problems (in Hong Kong),” said former senior Hong Kong government adviser Lau Siu-kai on Hong Kong’s Cable Tele


He also referred to the “humiliation and sorrow” China suffered during the first Opium War in the early 1840s that led to the ceding of Hong Kong to the British. Hong Kong has been racked by demands for full democracy and, more recently, by calls by some pockets of protesters for independence, a subject that is anathema to Beijing. “It’s a more frank and pointed way of dealing with the problems (in Hong Kong),” said former senior Hong Kong government adviser Lau Siu-kai on Hong Kong’s Cable Tele
China’s Xi talks tough on Hong Kong as thousands protest for democracy Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2017-07-01  Authors: keith tsuji, getty images
Keywords: news, games, cnbc, companies, kong, thousands, security, talks, kongs, protesters, democracy, xi, hong, tough, city, china, universal, protest, chinas


China's Xi talks tough on Hong Kong as thousands protest for democracy

Chinese President Xi Jinping swore in Hong Kong’s new leader on Saturday with a stark warning that Beijing won’t tolerate any challenge to its authority in the divided city as it marked the 20th

anniversary of its return from Britain to China.

Police blocked roads, preventing pro-democracy protesters from getting to the harbour-front venue close to where the last colonial governor, Chris Patten, tearfully handed back Hong Kong to China in the pouring rain in 1997.

“Any attempt to endanger China’s sovereignty and security, challenge the power of the central government … or use Hong Kong to carry out infiltration and sabotage activities against the mainland is an act that crosses the red line and is absolutely impermissible,” Xi said.

He also referred to the “humiliation and sorrow” China suffered during the first Opium War in the early 1840s that led to the ceding of Hong Kong to the British.

Hong Kong has been racked by demands for full democracy and, more recently, by calls by some pockets of protesters for independence, a subject that is anathema to Beijing.

Xi’s words, in a 30-minute speech, were his strongest yet to the city amid concerns over what some perceive as increased meddling by Beijing, illustrated in recent years by the abduction by mainland agents of some Hong Kong booksellers and Beijing’s efforts in disqualifying two pro-independence lawmakers elected to the city legislature.

“It’s a more frank and pointed way of dealing with the problems (in Hong Kong),” said former senior Hong Kong government adviser Lau Siu-kai on Hong Kong’s Cable Television.

“The central government’s power hasn’t been sufficiently respected… they’re concerned about this.”

The tightly choreographed visit was full of pro-China rhetoric amid a virtually unprecedented security lockdown. Xi did not make contact with the people in the street or with any pro-democracy voices, forgoing an opportunity to lower the political heat.

Under Hong Kong’s mini-constitution, the Basic Law, the financial hub is guaranteed wide-ranging autonomy for “at least 50 years” after 1997 under a “one country, two systems” formula praised by Xi. It also specifies universal suffrage as an eventual goal.

But Beijing’s refusal to grant full democracy triggered nearly three months of street protests in 2014 that at times erupted into violent clashes and posed one of the greatest populist challenges to Beijing in decades.

‘Most urgent protest in years’

Thousands gathered in the afternoon in a sprawling park named after Britain’s Queen Victoria, demanding Xi allow universal suffrage.

“This protest is the most urgent in the past 20 years,” said lawmaker Eddie Chu, as some demonstrators marched with yellow umbrellas, a symbol of democratic activism in the city, and held aloft banners denouncing China’s Communist “one party rule”.

Others criticised China’s Foreign Ministry which on Friday said the “Joint Declaration” with Britain over Hong Kong, a treaty laying the blueprint over how the city would be ruled after 1997, “no longer has any practical significance”.

Xi, dressed in a dark suit and striped red tie, in the morning addressed a packed hall of mostly pro-Beijing establishment figures, after swearing in Hong Kong’s first female leader, Carrie Lam, who was strongly backed by China.

Lam, speaking in Mandarin instead of the Cantonese dialect widely used in Hong Kong and southern China, said she wanted to create a harmonious society and bring down astronomical housing prices that have also sown social discord.

Lam also pledged to take firm legal action against those who “undermine” China’s sovereignty, security and development interests.

Xi hinted that the central government was in favour of Hong Kong introducing “national security” legislation, a controversial issue that brought nearly half a million people to the streets in protest in 2003 and ultimately forced former leader Tung Chee-hwa to step down.

A small group of pro-democracy activists near the venue were roughed up by a group of men who smashed up some props in ugly scuffles while surrounded by more than 100 police. Nine democracy protesters, including Joshua Wong and lawmaker “long hair” Leung Kwok-hung, were bundled into police vans while several pro-China groups remained, cheering loudly and waving red China flags.

The activists, in a later statement, said the assailants had been “pro-Beijing triad members”.

Other protesters unfurled a massive yellow banner, with the words “I want real universal suffrage”, on the waterfront of Hong Kong’s Victoria Harbour, but were later taken away by police.

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Company: cnbc, Activity: cnbc, Date: 2017-07-01  Authors: keith tsuji, getty images
Keywords: news, games, cnbc, companies, kong, thousands, security, talks, kongs, protesters, democracy, xi, hong, tough, city, china, universal, protest, chinas


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