This woman sold her app for $85 million — here’s the common mistake she sees in start-ups

Mette LykkeBuilding a high-value business takes patience and entrepreneurs shouldn’t believe that start-ups reach multi-million-dollar valuations overnight, a successful Danish businesswoman has warned. When it comes to growing a start-up, Mette Lykke, CEO of food waste organization Too Good To Go, speaks from experience. Endomondo was sold to the U.S. athleticwear brand in 2015 for $85 million, and Lykke stayed on as its CEO until 2017. “My first company was designed to make fitness fun, and no


Mette LykkeBuilding a high-value business takes patience and entrepreneurs shouldn’t believe that start-ups reach multi-million-dollar valuations overnight, a successful Danish businesswoman has warned. When it comes to growing a start-up, Mette Lykke, CEO of food waste organization Too Good To Go, speaks from experience. Endomondo was sold to the U.S. athleticwear brand in 2015 for $85 million, and Lykke stayed on as its CEO until 2017. “My first company was designed to make fitness fun, and no
This woman sold her app for $85 million — here’s the common mistake she sees in start-ups Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-08-13  Authors: chloe taylor
Keywords: news, cnbc, companies, really, sees, mistake, app, food, business, sold, common, waste, team, 85, company, woman, startups, works, purpose, heres, lykke, work, million


This woman sold her app for $85 million — here's the common mistake she sees in start-ups

Mette Lykke

Building a high-value business takes patience and entrepreneurs shouldn’t believe that start-ups reach multi-million-dollar valuations overnight, a successful Danish businesswoman has warned. When it comes to growing a start-up, Mette Lykke, CEO of food waste organization Too Good To Go, speaks from experience. She co-founded fitness app Endomondo in 2007, developing the company for almost a decade before it gained enough interest to be acquired by American firm Under Armour. Endomondo was sold to the U.S. athleticwear brand in 2015 for $85 million, and Lykke stayed on as its CEO until 2017.

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According to Lykke, who began her career as a management consultant, a business can only experience vast growth rates if the people at its reins exercise what she calls “patient impatience.” “Every day you have to push (yourself) and you have to be willing to do that for quite a while,” she said. “I think a lot of stories about start-ups give the impression that two guys start a company in a basement and boom, two years later they change the world. That’s just not how it works – it takes years, so working hard every day is crucial.”

Be clear on your purpose

For the past two years, Lykke has been the CEO of Too Good To Go — an organization that works with restaurants and food retailers to tackle waste by selling food at a discounted price. The app has 11 million users and works with 22,000 stores across 11 countries. Her involvement with the company began around 9 months after the service was launched, when a friend who knew its founders showed her the app. “I thought it was such a cool concept,” she told CNBC. “I got invited to invest and then was asked to help the founders run the business.” She said her core driving force when it came to work was being part of a company that had a strong purpose and could make a real impact. “I work a lot and put everything into it, so I want to do something that really matters,” she explained. “My first company was designed to make fitness fun, and now I have an even stronger purpose in tackling food waste. I just hadn’t realized the scale of this problem, but it had always been natural to me not to throw away food.” Entrepreneurs looking to grow a company needed to follow her lead and work on something that they felt was meaningful, Lykke added. “Make sure you’re really, really passionate about what you do — that’s fundamental,” she said. “There are going to be days and nights where, if you don’t have that passion, it’s going to be too difficult.”

As well as being passionate about their business, start-up founders needed to build a team who believed in the purpose of the company. “Being clear about the company’s vision is important, (but) the people you find for your team need to believe what you believe — it’s important to establish that team really early on,” Lykke told CNBC. She noted that having a strong ethical purpose was also a big competitive advantage, helping to attract both talented employees and investors.

Seek advice — and share it too


Company: cnbc, Activity: cnbc, Date: 2019-08-13  Authors: chloe taylor
Keywords: news, cnbc, companies, really, sees, mistake, app, food, business, sold, common, waste, team, 85, company, woman, startups, works, purpose, heres, lykke, work, million


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Elizabeth Warren unveils $85 billion proposal to guarantee high-speed internet access

Senator from Massachusetts Elizabeth Warren in the first round of the second Democratic primary debate of the 2020 presidential campaign season hosted by CNN at the Fox Theatre in Detroit, Michigan on July 30, 2019. Democratic presidential hopeful Elizabeth Warren unveiled a proposal to guarantee universal high-speed internet access on Wednesday as part of a new plan to invest in rural communities. “That means publicly-owned and operated networks — and no giant [internet service providers] runni


Senator from Massachusetts Elizabeth Warren in the first round of the second Democratic primary debate of the 2020 presidential campaign season hosted by CNN at the Fox Theatre in Detroit, Michigan on July 30, 2019. Democratic presidential hopeful Elizabeth Warren unveiled a proposal to guarantee universal high-speed internet access on Wednesday as part of a new plan to invest in rural communities. “That means publicly-owned and operated networks — and no giant [internet service providers] runni
Elizabeth Warren unveils $85 billion proposal to guarantee high-speed internet access Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-08-07  Authors: tucker higgins
Keywords: news, cnbc, companies, 85, wrote, senator, highspeed, elizabeth, presidential, billion, broadband, guarantee, proposal, access, massachusetts, unveils, internet, warren


Elizabeth Warren unveils $85 billion proposal to guarantee high-speed internet access

Senator from Massachusetts Elizabeth Warren in the first round of the second Democratic primary debate of the 2020 presidential campaign season hosted by CNN at the Fox Theatre in Detroit, Michigan on July 30, 2019.

Democratic presidential hopeful Elizabeth Warren unveiled a proposal to guarantee universal high-speed internet access on Wednesday as part of a new plan to invest in rural communities.

“I will make sure every home in America has a fiber broadband connection at a price families can afford,” the senator from Massachusetts wrote in a post on the blogging platform Medium. “That means publicly-owned and operated networks — and no giant [internet service providers] running away with taxpayer dollars.”

Warren said she would create a federal Office of Broadband Access to manage an $85 billion grant program. The grants would be awarded to electricity and telephone cooperatives, nonprofits, tribes and municipalities that pledge to bring high-speed internet to underserved areas.


Company: cnbc, Activity: cnbc, Date: 2019-08-07  Authors: tucker higgins
Keywords: news, cnbc, companies, 85, wrote, senator, highspeed, elizabeth, presidential, billion, broadband, guarantee, proposal, access, massachusetts, unveils, internet, warren


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European stocks slightly higher on hopes of a Fed rate cut; Publicis down 8.5%

European stocks traded cautiously higher on Friday as market players increase their bets the U.S. Federal Reserve will cut interest rates this month. Industrials were the strongest performers with a 0.7% climb while media stocks fell 0.7% on the back of a sharp share price fall for French advertiser Publicis. New York Fed President John Williams said the Fed should “act quickly” while the economy is slowing and rates are low. However, a New York Fed spokesperson tried to temper those expectation


European stocks traded cautiously higher on Friday as market players increase their bets the U.S. Federal Reserve will cut interest rates this month. Industrials were the strongest performers with a 0.7% climb while media stocks fell 0.7% on the back of a sharp share price fall for French advertiser Publicis. New York Fed President John Williams said the Fed should “act quickly” while the economy is slowing and rates are low. However, a New York Fed spokesperson tried to temper those expectation
European stocks slightly higher on hopes of a Fed rate cut; Publicis down 8.5% Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-07-19  Authors: elliot smith ryan browne, elliot smith, ryan browne
Keywords: news, cnbc, companies, target, stocks, rate, williams, trade, billion, hopes, 85, shares, slightly, european, higher, publicis, york, fed, cut


European stocks slightly higher on hopes of a Fed rate cut; Publicis down 8.5%

European stocks traded cautiously higher on Friday as market players increase their bets the U.S. Federal Reserve will cut interest rates this month.

The pan-European Stoxx 600 was trading just above the flatline toward midday, having pared earlier gains. Industrials were the strongest performers with a 0.7% climb while media stocks fell 0.7% on the back of a sharp share price fall for French advertiser Publicis.

Markets were initially buoyed by comments from a top Fed official on Thursday that suggested the central bank would implement a pre-emptive “insurance” rate cut aimed at averting a major slump in economic growth.

New York Fed President John Williams said the Fed should “act quickly” while the economy is slowing and rates are low. “It’s better to take preventative measures than to wait for disaster to unfold,” he said in a speech Thursday.

However, a New York Fed spokesperson tried to temper those expectations after Williams’ speech, telling CNBC that his comments were part of an academic talk and “not about potential policy actions.”

Meanwhile, geopolitical tensions between the U.S. and Iran have given oil prices a boost. The U.S. said it had shot down an Iranian drone in the Strait of Hormuz, a key chokepoint for global crude flows. But Iran later denied the claims.

Elsewhere, investors looked for signs of progress in the U.S.-China trade dispute. U.S. and Chinese officials spoke over the phone Thursday, with Treasury Secretary Steven Mnuchin suggesting face-to-face talks could follow.

In terms of individual stocks, shares of Galapagos climbed 7.1% in morning trade after KBC Securities raised its price target on the Amsterdam-listed stock. AB InBev shares climbed 4.3% after it announced the sale of its Australian unit to Asahi.

At the other end of the European blue chip index, Publicis saw its shares fall 8.5% in early trade to their lowest level since December 2012, after the French advertising giant cut its revenue target following disappointing second-quarter results.

As for economic data, the European Central Bank said Friday that in the 12-month period to May, the euro zone’s current-account surplus widened to 30 billion euros ($33.7 billion) from 22 billion in April.


Company: cnbc, Activity: cnbc, Date: 2019-07-19  Authors: elliot smith ryan browne, elliot smith, ryan browne
Keywords: news, cnbc, companies, target, stocks, rate, williams, trade, billion, hopes, 85, shares, slightly, european, higher, publicis, york, fed, cut


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85% of American workers are happy with their jobs, national survey shows

This was revealed in the first CNBC/Survey Monkey Workplace Happiness Index, announced at the @Work Talent + HR Summit on Tuesday. The CNBC/SurveyMonkey Workplace Happiness Index is an optimistic 71 out of 100, while the survey found 85 percent of respondents are either somewhat or very satisfied with their jobs. “Meaningfulness” was the biggest contributor to overall happiness, with 17 out of 20 possible points contributed to the overall index score of 71. Despite the overall optimism, only 9 p


This was revealed in the first CNBC/Survey Monkey Workplace Happiness Index, announced at the @Work Talent + HR Summit on Tuesday. The CNBC/SurveyMonkey Workplace Happiness Index is an optimistic 71 out of 100, while the survey found 85 percent of respondents are either somewhat or very satisfied with their jobs. “Meaningfulness” was the biggest contributor to overall happiness, with 17 out of 20 possible points contributed to the overall index score of 71. Despite the overall optimism, only 9 p
85% of American workers are happy with their jobs, national survey shows Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-01  Authors: david spiegel, yoshikazu tsuno, getty images
Keywords: news, cnbc, companies, workers, happy, united, jobs, survey, american, happiness, index, national, age, 85, states, workplace, opportunities, shows, overall


85% of American workers are happy with their jobs, national survey shows

You might not expect it, but the majority of the American workforce is a pretty happy lot. This was revealed in the first CNBC/Survey Monkey Workplace Happiness Index, announced at the @Work Talent + HR Summit on Tuesday.

The quarterly index measures how Americans feel about their jobs across five key categories — pay, opportunities for advancement, recognition, autonomy and meaning. CNBC and SurveyMonkey poll 8,664 professionals nationwide across a wide swath of industries March 13–18. Data has been weighted for age, race, sex, education, employment status and geography using Census Bureau’s Current Population Survey to reflect the demographic composition of United States employed population.

The CNBC/SurveyMonkey Workplace Happiness Index is an optimistic 71 out of 100, while the survey found 85 percent of respondents are either somewhat or very satisfied with their jobs.

“Meaningfulness” was the biggest contributor to overall happiness, with 17 out of 20 possible points contributed to the overall index score of 71. Recognition, or how much colleagues value employee contributions, added 15 points, and autonomy, or work/life balance, added another 15. Opportunities for advancement was the biggest “drag” on the overall index.

Despite the overall optimism, only 9 percent of workers gave top ratings across all five categories of the Workplace Happiness Index. Twenty-seven percent of workers surveyed say they are not well paid, and 30 percent have seriously considered quitting their job in the last three months.

“Our study clearly reveals that workplace happiness is richly nuanced. While a big majority of U.S. workers are at least somewhat satisfied with their jobs, there are a lot of negatives when it comes to how people relate to their work,” said Jon Cohen, SurveyMonkey’s chief research officer.

The survey found that providing workers with opportunities to advance their careers may be the best way to keep them from leaving. Just 13 percent of workers who say their companies provide “excellent” opportunities for advancement were thinking of quitting their jobs. But there are no guarantees, and the survey did not reveal a single solution to keeping employees happy.

“If companies want to hire and retain great employees, they need to open up feedback loops to get at the ‘why’ —learning what makes people happy and productive,” Cohen said.

Survey Methodology: This SurveyMonkey online poll was conducted March 13-18, 2019, among a national sample of 8,664 workers in the United States. Respondents for this survey were selected from the more than 2 million people who take surveys on the SurveyMonkey platform each day. The modeled error estimate for this survey is plus or minus 1.5 percentage points. Data have been weighted initially for age, race, sex, education, and geography using the Census Bureau’s American Community Survey to reflect the demographic composition of the United States age 18 and over, then weighted for age, race, sex, education, employment status, and geography using Census Bureau’s Current Population Survey to reflect the demographic composition of United States employed population. Full results available here.


Company: cnbc, Activity: cnbc, Date: 2019-04-01  Authors: david spiegel, yoshikazu tsuno, getty images
Keywords: news, cnbc, companies, workers, happy, united, jobs, survey, american, happiness, index, national, age, 85, states, workplace, opportunities, shows, overall


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Legendary fashion designer Karl Lagerfeld dies at age 85

Karl Lagerfeld, the iconic Chanel fashion designer, has died at age 85. Chanel called Lagerfeld “an extraordinary creative individual” in a release emailed to CNBC. “Karl Lagerfeld reinvented the brand’s codes created by (founder) Gabrielle Chanel: the Chanel jacket and suit, the little black dress, the precious tweeds, the two-tone shoes, the quilted handbags, the pearls and costume jewelry. Bernard Arnault, chairman and CEO of LVMH, the conglomerate that runs fashion house Fendi, called Lagerf


Karl Lagerfeld, the iconic Chanel fashion designer, has died at age 85. Chanel called Lagerfeld “an extraordinary creative individual” in a release emailed to CNBC. “Karl Lagerfeld reinvented the brand’s codes created by (founder) Gabrielle Chanel: the Chanel jacket and suit, the little black dress, the precious tweeds, the two-tone shoes, the quilted handbags, the pearls and costume jewelry. Bernard Arnault, chairman and CEO of LVMH, the conglomerate that runs fashion house Fendi, called Lagerf
Legendary fashion designer Karl Lagerfeld dies at age 85 Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-19  Authors: lucy handley, stephane cardinale – corbis, getty images
Keywords: news, cnbc, companies, lvmh, legendary, designer, 85, release, talent, age, dies, lagerfeld, creative, karl, fashion, chanel, lost, fendi


Legendary fashion designer Karl Lagerfeld dies at age 85

Karl Lagerfeld, the iconic Chanel fashion designer, has died at age 85.

He passed away after a short illness, a statement given to Reuters said.

Chanel called Lagerfeld “an extraordinary creative individual” in a release emailed to CNBC. “Karl Lagerfeld reinvented the brand’s codes created by (founder) Gabrielle Chanel: the Chanel jacket and suit, the little black dress, the precious tweeds, the two-tone shoes, the quilted handbags, the pearls and costume jewelry. Regarding Gabrielle Chanel, he said, ‘My job is not to do what she did, but what she would have done. The good thing about Chanel is it is an idea you can adapt to many things,'” the release added.

Alain Wertheimer, Chanel’s chief executive, said in the release: “Today, not only have I lost a friend, but we have all lost an extraordinary creative mind to whom I gave carte blanche in the early 1980s to reinvent the brand.”

Tributes poured in from the world of haute couture.

Bernard Arnault, chairman and CEO of LVMH, the conglomerate that runs fashion house Fendi, called Lagerfeld a “creative genius.” Lagerfeld led Chanel’s design and had been the creative head at Fendi since 1965.

“With the passing of Karl Lagerfeld we have lost a creative genius who helped to make Paris the fashion capital of the world and Fendi one of the most innovative Italian houses. We owe him a great deal: his taste and talent were the most exceptional I have ever known. Artistic director of Jean Patou in 1959, creator of Fendi since 1965, member of the LVMH Prize jury since its creation in 2013, he honored the LVMH group with an extraordinarily stimulating creative and entrepreneurial friendship,” Arnault said.

New York Times fashion critic Vanessa Friedman tweeted: “In honor of Karl Lagerfeld, who died today, some of his indelible quotes and quips: ‘Sweatpants are a sign of defeat;’ ‘I’m very much down to earth. Just not this earth;'”

Italian designer Donatella Versace also praised Lagerfeld’s talent, writing on Instagram: “Karl your genius touched the lives of so many, especially Gianni and I. We will never forget your incredible talent and endless inspiration. We were always learning from you.”


Company: cnbc, Activity: cnbc, Date: 2019-02-19  Authors: lucy handley, stephane cardinale – corbis, getty images
Keywords: news, cnbc, companies, lvmh, legendary, designer, 85, release, talent, age, dies, lagerfeld, creative, karl, fashion, chanel, lost, fendi


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Legendary fashion designer Karl Lagerfeld dies at age 85

Karl Lagerfeld, the iconic Chanel fashion designer, has died at age 85. Chanel called Lagerfeld “an extraordinary creative individual” in a release emailed to CNBC. “Karl Lagerfeld reinvented the brand’s codes created by (founder) Gabrielle Chanel: the Chanel jacket and suit, the little black dress, the precious tweeds, the two-tone shoes, the quilted handbags, the pearls and costume jewelry. Bernard Arnault, chairman and CEO of LVMH, the conglomerate that runs fashion house Fendi, called Lagerf


Karl Lagerfeld, the iconic Chanel fashion designer, has died at age 85. Chanel called Lagerfeld “an extraordinary creative individual” in a release emailed to CNBC. “Karl Lagerfeld reinvented the brand’s codes created by (founder) Gabrielle Chanel: the Chanel jacket and suit, the little black dress, the precious tweeds, the two-tone shoes, the quilted handbags, the pearls and costume jewelry. Bernard Arnault, chairman and CEO of LVMH, the conglomerate that runs fashion house Fendi, called Lagerf
Legendary fashion designer Karl Lagerfeld dies at age 85 Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-19  Authors: lucy handley, stephane cardinale – corbis, getty images
Keywords: news, cnbc, companies, fendi, fashion, legendary, creative, dies, 85, lost, talent, age, chanel, lagerfeld, lvmh, karl, release, designer


Legendary fashion designer Karl Lagerfeld dies at age 85

Karl Lagerfeld, the iconic Chanel fashion designer, has died at age 85.

He passed away after a short illness, a statement given to Reuters said.

Chanel called Lagerfeld “an extraordinary creative individual” in a release emailed to CNBC. “Karl Lagerfeld reinvented the brand’s codes created by (founder) Gabrielle Chanel: the Chanel jacket and suit, the little black dress, the precious tweeds, the two-tone shoes, the quilted handbags, the pearls and costume jewelry. Regarding Gabrielle Chanel, he said, ‘My job is not to do what she did, but what she would have done. The good thing about Chanel is it is an idea you can adapt to many things,'” the release added.

Alain Wertheimer, Chanel’s chief executive, said in the release: “Today, not only have I lost a friend, but we have all lost an extraordinary creative mind to whom I gave carte blanche in the early 1980s to reinvent the brand.”

Tributes poured in from the world of haute couture.

Bernard Arnault, chairman and CEO of LVMH, the conglomerate that runs fashion house Fendi, called Lagerfeld a “creative genius.” Lagerfeld led Chanel’s design and had been the creative head at Fendi since 1965.

“With the passing of Karl Lagerfeld we have lost a creative genius who helped to make Paris the fashion capital of the world and Fendi one of the most innovative Italian houses. We owe him a great deal: his taste and talent were the most exceptional I have ever known. Artistic director of Jean Patou in 1959, creator of Fendi since 1965, member of the LVMH Prize jury since its creation in 2013, he honored the LVMH group with an extraordinarily stimulating creative and entrepreneurial friendship,” Arnault said.

New York Times fashion critic Vanessa Friedman tweeted: “In honor of Karl Lagerfeld, who died today, some of his indelible quotes and quips: ‘Sweatpants are a sign of defeat;’ ‘I’m very much down to earth. Just not this earth;'”

Italian designer Donatella Versace also praised Lagerfeld’s talent, writing on Instagram: “Karl your genius touched the lives of so many, especially Gianni and I. We will never forget your incredible talent and endless inspiration. We were always learning from you.”


Company: cnbc, Activity: cnbc, Date: 2019-02-19  Authors: lucy handley, stephane cardinale – corbis, getty images
Keywords: news, cnbc, companies, fendi, fashion, legendary, creative, dies, 85, lost, talent, age, chanel, lagerfeld, lvmh, karl, release, designer


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China retail earnings up 8.5 percent during new year holiday, Commerce Ministry says

China’s retailer and catering enterprises earned over 1 trillion yuan ($148.3 billion) during the Lunar New Year holiday, defying an economic slump to rise 8.5 percent from last year, the country’s commerce ministry said late on Sunday. The increase was down to the rapid growth in sales of new-year gifts, traditional foods, electronic products and local speciality products over a six-day holiday period ending on Saturday, the Ministry of Commerce said in a notice on its website. Domestic tourism


China’s retailer and catering enterprises earned over 1 trillion yuan ($148.3 billion) during the Lunar New Year holiday, defying an economic slump to rise 8.5 percent from last year, the country’s commerce ministry said late on Sunday. The increase was down to the rapid growth in sales of new-year gifts, traditional foods, electronic products and local speciality products over a six-day holiday period ending on Saturday, the Ministry of Commerce said in a notice on its website. Domestic tourism
China retail earnings up 8.5 percent during new year holiday, Commerce Ministry says Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-11  Authors: vcg, getty images
Keywords: news, cnbc, companies, websitedomestic, billion, yuan, retail, trips, xinhua, 85, earnings, products, official, holiday, commerce, china, ministry


China retail earnings up 8.5 percent during new year holiday, Commerce Ministry says

China’s retailer and catering enterprises earned over 1 trillion yuan ($148.3 billion) during the Lunar New Year holiday, defying an economic slump to rise 8.5 percent from last year, the country’s commerce ministry said late on Sunday.

The increase was down to the rapid growth in sales of new-year gifts, traditional foods, electronic products and local speciality products over a six-day holiday period ending on Saturday, the Ministry of Commerce said in a notice on its website.

Domestic tourism during the new year break generated total revenues of 513.9 billion yuan, up 8.2 percent on the year, with the number of trips rising 7.6 percent to 415 million, the official Xinhua news agency said on Sunday, citing official data.


Company: cnbc, Activity: cnbc, Date: 2019-02-11  Authors: vcg, getty images
Keywords: news, cnbc, companies, websitedomestic, billion, yuan, retail, trips, xinhua, 85, earnings, products, official, holiday, commerce, china, ministry


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Death toll from Philippine landslides, floods climbs to 85

The death toll from landslides and devastating floods in the central Philippines triggered by a tropical depression climbed to 85, officials said on Wednesday, and 20 people were missing as rescuers slowly reached cut-off communities. “If we don’t recover the missing or we recover them dead, that is 105 deaths, which we hope not,” Jalad said. The tropical depression, which weakened into a low pressure system before leaving the Philippines on Sunday, brought heavy rain that triggered landslides a


The death toll from landslides and devastating floods in the central Philippines triggered by a tropical depression climbed to 85, officials said on Wednesday, and 20 people were missing as rescuers slowly reached cut-off communities. “If we don’t recover the missing or we recover them dead, that is 105 deaths, which we hope not,” Jalad said. The tropical depression, which weakened into a low pressure system before leaving the Philippines on Sunday, brought heavy rain that triggered landslides a
Death toll from Philippine landslides, floods climbs to 85 Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-01-02  Authors: simvale sayat, afp, getty images
Keywords: news, cnbc, companies, triggered, death, recover, toll, 85, bicol, floods, philippines, landslides, rains, provinces, tropical, climbs, rain


Death toll from Philippine landslides, floods climbs to 85

The death toll from landslides and devastating floods in the central Philippines triggered by a tropical depression climbed to 85, officials said on Wednesday, and 20 people were missing as rescuers slowly reached cut-off communities.

The casualties, including young children, were mostly killed when their homes collapsed in landslides after days of heavy rain in several provinces in the central Philippines, said Ricardo Jalad, executive director of the national disaster agency.

“If we don’t recover the missing or we recover them dead, that is 105 deaths, which we hope not,” Jalad said.

The tropical depression, which weakened into a low pressure system before leaving the Philippines on Sunday, brought heavy rain that triggered landslides and flooding in the Bicol and eastern Visayas regions.

Officials put three provinces under a “state of calamity” to give them access to emergency funds.

Bicol, with a population of 5.8 million, was the hardest hit, with 68 killed in intense rains and landslides. Damage to agriculture in Bicol, which produces rice and corn, was estimated at 342 million pesos ($6.5 million).

Rescuers, including the police and military, used heavy-lifting equipment to clear roads leading to landslide sites and entered flooded communities using rubber boats.

“The sun is already out, with occasional light rains. We hope floods will subside,” Ronna Monzon, a member of the operations personnel at the disaster agency in Bicol, told Reuters.

About 20 tropical cyclones hit the Philippines every year, with destroyed crops and infrastructure taking a toll on human lives and weighing down one of the fastest growing economies in Asia.


Company: cnbc, Activity: cnbc, Date: 2019-01-02  Authors: simvale sayat, afp, getty images
Keywords: news, cnbc, companies, triggered, death, recover, toll, 85, bicol, floods, philippines, landslides, rains, provinces, tropical, climbs, rain


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Marijuana producer Tilray says revenue surged more than 85 percent last quarter

“The biggest challenge is that there’s just so much demand, which is interesting to see,” he added. “It definitely takes six to 12 months for supply and demand to reach some sort of equilibrium.” The pressure is on for Tilray to offer shareholders a reason for optimism as well as justify its steep valuation. Based in Nanaimo, British Columbia, Tilray is the largest of the publicly traded Canadian cannabis companies by market capitalization. Total kilograms sold increased over two-fold to 1,613 k


“The biggest challenge is that there’s just so much demand, which is interesting to see,” he added. “It definitely takes six to 12 months for supply and demand to reach some sort of equilibrium.” The pressure is on for Tilray to offer shareholders a reason for optimism as well as justify its steep valuation. Based in Nanaimo, British Columbia, Tilray is the largest of the publicly traded Canadian cannabis companies by market capitalization. Total kilograms sold increased over two-fold to 1,613 k
Marijuana producer Tilray says revenue surged more than 85 percent last quarter Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-11-13  Authors: thomas franck
Keywords: news, cnbc, companies, company, surged, past, quarter, revenue, demand, tilray, 85, stock, months, kilograms, producer, theres, marijuana


Marijuana producer Tilray says revenue surged more than 85 percent last quarter

Tilray CEO: Our biggest challenge is that there’s so much demand for product 7 Hours Ago | 03:01

“All of that revenue for this quarter is medical and we look forward to next quarter, when we’ll start to see some Canadian adult-use revenue in that earnings report,” Kennedy said.

“The biggest challenge is that there’s just so much demand, which is interesting to see,” he added. “It definitely takes six to 12 months for supply and demand to reach some sort of equilibrium.”

The pressure is on for Tilray to offer shareholders a reason for optimism as well as justify its steep valuation.

Tilray’s stock has climbed more than 320 percent over the past three months, making it one of the most speculative names on the Street. Though it posted just $20 million in revenue last year (and is projected to generate just $140 million in 2019), the company has a market cap of about $10.5 billion.

The stock, which trades on the NASDAQ, is down 23 percent over the past month as investors cashed in for profits.

The stock pared some of its losses following those comments and was last down 2 percent in after hours trading.

Based in Nanaimo, British Columbia, Tilray is the largest of the publicly traded Canadian cannabis companies by market capitalization.

The company reported an adjusted loss for last quarter of 8 cents versus an expected 12 cents per share loss, according to the four analysts polled by Refinitiv. Total kilograms sold increased over two-fold to 1,613 kilograms from 684 kilograms in the prior year.

Tilray announced earlier in the third quarter that it had become the first and only company to receive regulatory approval in Canada and Germany to export medical cannabis flower for distribution to German patients.


Company: cnbc, Activity: cnbc, Date: 2018-11-13  Authors: thomas franck
Keywords: news, cnbc, companies, company, surged, past, quarter, revenue, demand, tilray, 85, stock, months, kilograms, producer, theres, marijuana


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Supreme Court Justice Ruth Bader Ginsburg, 85, breaks ribs in fall

Supreme Court Justice Ruth Bader Ginsburg fell in her office and fractured three ribs. It is not the first time that Ginsburg has fractured her ribs while on the court. In June 2012, Ginsburg fractured two ribs in a fall and did not disclose the injury to the public until months later. She was the principal author of a landmark brief that led Supreme Court in 1971 to apply the the equal protection clause of the 14th Amendment to women. Ginsburg, the second of four women to serve on the high cour


Supreme Court Justice Ruth Bader Ginsburg fell in her office and fractured three ribs. It is not the first time that Ginsburg has fractured her ribs while on the court. In June 2012, Ginsburg fractured two ribs in a fall and did not disclose the injury to the public until months later. She was the principal author of a landmark brief that led Supreme Court in 1971 to apply the the equal protection clause of the 14th Amendment to women. Ginsburg, the second of four women to serve on the high cour
Supreme Court Justice Ruth Bader Ginsburg, 85, breaks ribs in fall Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-11-08  Authors: tucker higgins, joanne rathe, the boston globe, getty images
Keywords: news, cnbc, companies, ginsburg, bader, ribs, court, fractured, went, serve, ruth, justice, supreme, 85, womens, breaks, fall


Supreme Court Justice Ruth Bader Ginsburg, 85, breaks ribs in fall

Supreme Court Justice Ruth Bader Ginsburg fell in her office and fractured three ribs. The 85-year-old liberal justice was admitted to a hospital Thursday.

Ginsburg’s health has been a matter of intense speculation in recent years. The court’s oldest member, Ginsburg has survived multiple bouts with cancer, and in 2014 underwent a procedure to have a stent placed in her right coronary artery.

The fall happened Wednesday evening.

“She went home, but after experiencing discomfort overnight, went to George Washington University Hospital early this morning,” the court said in a statement Thursday. “Tests showed that she fractured three ribs on her left side and she was admitted for observation and treatment.”

It is not the first time that Ginsburg has fractured her ribs while on the court. In June 2012, Ginsburg fractured two ribs in a fall and did not disclose the injury to the public until months later. The court said at the time that despite the fracture, Ginsburg “did not skip a beat.”

The Brooklyn-native, one of four liberal justices on the nine-member court, has said she plans to serve on the bench until she is 90, and has hired law clerks through 2020.

Her approach to the law has been described as cautious, though she has been influential in shaping jurisprudence in cases involving gender discrimination, women’s reproductive health and international law.

She was the principal author of a landmark brief that led Supreme Court in 1971 to apply the the equal protection clause of the 14th Amendment to women.

Ginsburg, the second of four women to serve on the high court, was appointed by President Bill Clinton in 1993. Before joining the court, she worked as the director of the ACLU’s Women’s Rights Project.

News of Ginsburg’s fall comes on the same morning as the formal investiture of Justice Brett Kavanaugh, President Donald Trump’s second nominee to the high court.

The court said that more information would be provided as it became available.


Company: cnbc, Activity: cnbc, Date: 2018-11-08  Authors: tucker higgins, joanne rathe, the boston globe, getty images
Keywords: news, cnbc, companies, ginsburg, bader, ribs, court, fractured, went, serve, ruth, justice, supreme, 85, womens, breaks, fall


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