Hong Kong’s leader backs police use of force as protesters plan ‘illegal’ march

Pro-democracy protesters hold banners as they march during a rally ahead of Hong Kong Chief Executive Carrie Lams annual policy speech outside of Central Government Complex on October 16, 2019 in Hong Kong, China. Hong Kong leader Carrie Lam took to the airwaves on Saturday to back the use of force by police ahead of a major anti-government march planned this weekend in the Chinese-ruled city, which has been battered by months of violent protests. The trigger for unrest in Hong Kong had been a n


Pro-democracy protesters hold banners as they march during a rally ahead of Hong Kong Chief Executive Carrie Lams annual policy speech outside of Central Government Complex on October 16, 2019 in Hong Kong, China.
Hong Kong leader Carrie Lam took to the airwaves on Saturday to back the use of force by police ahead of a major anti-government march planned this weekend in the Chinese-ruled city, which has been battered by months of violent protests.
The trigger for unrest in Hong Kong had been a n
Hong Kong’s leader backs police use of force as protesters plan ‘illegal’ march Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-10-19  Authors: grace shao
Keywords: news, cnbc, companies, hong, taiwan, violent, kong, protests, protesters, leader, ahead, rally, city, illegal, plan, force, unrest, kongs, backs


Hong Kong's leader backs police use of force as protesters plan 'illegal' march

Pro-democracy protesters hold banners as they march during a rally ahead of Hong Kong Chief Executive Carrie Lams annual policy speech outside of Central Government Complex on October 16, 2019 in Hong Kong, China.

Hong Kong leader Carrie Lam took to the airwaves on Saturday to back the use of force by police ahead of a major anti-government march planned this weekend in the Chinese-ruled city, which has been battered by months of violent protests.

Following a week of relative calm, Sunday’s march will test the strength of the pro-democracy movement. Campaigners vowed it would go ahead despite police ruling the rally illegal.

In the past, thousands of people have defied police and staged mass rallies without permission, often peaceful at the start but becoming violent at night.

The trigger for unrest in Hong Kong had been a now-withdrawn proposal to allow extradition to mainland China, as well as Taiwan and Macau. The case of a Hong Kong man accused of murdering his girlfriend in Taiwan before fleeing back to the city was held up as an example of why it was needed.

Late on Friday the man, Chan Tong-kai, who is jailed in Hong Kong for money laundering, wrote to Lam saying he would “surrender himself to Taiwan” over his alleged involvement in the case upon his release, which could be as soon as next week.

Lam said in an interview on Saturday with broadcaster RTHK that it was a relief as it could bring an end to the case.

She also said that police had used appropriate force in handling the protests, and were responding to protesters’ violence, amid criticism of heavy-handed tactics.

More than 2,600 people have been arrested since the protests escalated in June.

Protesters’ demands have, since then, swelled far beyond opposing the extradition bill, to take in broader concerns that Beijing is eroding freedoms granted when Britain handed the city back to China in 1997.

China denies the accusation and has blamed foreign nations such as the United States and Britain for inciting the unrest.


Company: cnbc, Activity: cnbc, Date: 2019-10-19  Authors: grace shao
Keywords: news, cnbc, companies, hong, taiwan, violent, kong, protests, protesters, leader, ahead, rally, city, illegal, plan, force, unrest, kongs, backs


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To bring Hong Kong back to normal, violence must stop, politician says ahead of weekend protests

Hong Kong politician and businessman Bernard Chan said that the violence in Hong Kong “has to stop,” as the city prepares itself for another weekend of mass protests. And it is up to everyone to return the city to normalcy, Chan told CNBC on Friday. “Land supply is a major problem in Hong Kong, and that’s why there is a shortage in housings, so we have to use every meanings, including land resumption,” he told “Street Signs.” She emphasized that housing issues are essential to social stability a


Hong Kong politician and businessman Bernard Chan said that the violence in Hong Kong “has to stop,” as the city prepares itself for another weekend of mass protests.
And it is up to everyone to return the city to normalcy, Chan told CNBC on Friday.
“Land supply is a major problem in Hong Kong, and that’s why there is a shortage in housings, so we have to use every meanings, including land resumption,” he told “Street Signs.”
She emphasized that housing issues are essential to social stability a
To bring Hong Kong back to normal, violence must stop, politician says ahead of weekend protests Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-10-18  Authors: grace shao
Keywords: news, cnbc, companies, housing, ahead, leader, protests, city, hong, bring, issues, normal, chan, citys, politician, stop, kong, violence, social, told, weekend


To bring Hong Kong back to normal, violence must stop, politician says ahead of weekend protests

Hong Kong politician and businessman Bernard Chan said that the violence in Hong Kong “has to stop,” as the city prepares itself for another weekend of mass protests. And it is up to everyone to return the city to normalcy, Chan told CNBC on Friday.

“People are recognizing that this cant go on, a dialogue need to start somewhere … you don’t expect us to please either sides overnight … this have to take some time,” said Chan, convenor of the Executive Council, Hong Kong’s cabinet or panel of advisors to the city’s leader, the chief executive.

“Land supply is a major problem in Hong Kong, and that’s why there is a shortage in housings, so we have to use every meanings, including land resumption,” he told “Street Signs.”

The city’s embattled leader Carrie Lam introduced a series of housing measures aimed at addressing some of those concerns in an annual policy speech on Wednesday, as the city enters its fifth month of demonstrations.

She called housing the “toughest livelihood issue” facing the city’s citizens. She emphasized that housing issues are essential to social stability and “upward mobility,” defined as climbing up to the next social level.

Hong Kong has been repeatedly ranked as the most expensive place to own a home. The Asian financial hub has an average living space of about 13 square meters per person in 2018 — or an area smaller than the size of two average bathtubs laid out side by side.

Some critics say the package of economic and social initiatives do little to address the underlying political issues or that it has simply come too late. Chan said, however, “one can argue there is never enough,” defending Lam’s new policies as “something out of the ordinary.”


Company: cnbc, Activity: cnbc, Date: 2019-10-18  Authors: grace shao
Keywords: news, cnbc, companies, housing, ahead, leader, protests, city, hong, bring, issues, normal, chan, citys, politician, stop, kong, violence, social, told, weekend


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Coke shares pop ahead of ‘most promising’ new launch in decades

Coca-Cola shares popped on Friday amid a down market after the beverage company’s quarterly revenue beat Wall Street expectations, with healthier options like Zero Sugar soda and smaller size cans leading the way. The bottom line met Wall Street expectations, and that’s the big question for investors. “They were very good at offering smaller packaging sold at a premium and increasing the immediate consumption … sold in coolers and at a higher price. It’s how the company is attempting to grow i


Coca-Cola shares popped on Friday amid a down market after the beverage company’s quarterly revenue beat Wall Street expectations, with healthier options like Zero Sugar soda and smaller size cans leading the way.
The bottom line met Wall Street expectations, and that’s the big question for investors.
“They were very good at offering smaller packaging sold at a premium and increasing the immediate consumption … sold in coolers and at a higher price.
It’s how the company is attempting to grow i
Coke shares pop ahead of ‘most promising’ new launch in decades Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-10-18  Authors: cnbccom staff, amelia lucas
Keywords: news, cnbc, companies, sugar, street, pop, ahead, launch, wall, sold, soda, premium, shares, zero, packaging, smaller, coke, promising, decades, line


Coke shares pop ahead of 'most promising' new launch in decades

Coca-Cola shares popped on Friday amid a down market after the beverage company’s quarterly revenue beat Wall Street expectations, with healthier options like Zero Sugar soda and smaller size cans leading the way.

“The top line was driving the strong results,” said Laurent Grandet, managing director, beverage and foods lead analyst at Guggenheim Securities. “We were expecting 4% organic growth and they delivered 5%.”

The bottom line met Wall Street expectations, and that’s the big question for investors.

“Investors are very happy with the top line, but it still remains to be seen how the earning power will continue to improve, especially next year,” Grandet said.

“They were very good at offering smaller packaging sold at a premium and increasing the immediate consumption … sold in coolers and at a higher price. It’s how the company is attempting to grow in the future, offering more premium products, smaller packaging where consumers tend to consume drinks.”

Coke Zero Sugar had another quarter of double-digit volume growth and 7.5-ounce mini cans of soda grew by 15%.


Company: cnbc, Activity: cnbc, Date: 2019-10-18  Authors: cnbccom staff, amelia lucas
Keywords: news, cnbc, companies, sugar, street, pop, ahead, launch, wall, sold, soda, premium, shares, zero, packaging, smaller, coke, promising, decades, line


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Brexit deal on a knife edge but talks continue ahead of EU summit

Efforts are continuing to hammer out a Brexit deal Thursday as European Union leaders gather for a summit at which they could approve a tentative withdrawal agreement. The DUP has repeatedly opposed any plans that would see it treated differently from the U.K. after Brexit. All sides are wary of jeopardizing the Good Friday Agreement, the delicate peace process between Northern Ireland and the Republic. ‘Fundamental shift’Hopes for a Brexit deal were revived in early October when the British gov


Efforts are continuing to hammer out a Brexit deal Thursday as European Union leaders gather for a summit at which they could approve a tentative withdrawal agreement.
The DUP has repeatedly opposed any plans that would see it treated differently from the U.K. after Brexit.
All sides are wary of jeopardizing the Good Friday Agreement, the delicate peace process between Northern Ireland and the Republic.
‘Fundamental shift’Hopes for a Brexit deal were revived in early October when the British gov
Brexit deal on a knife edge but talks continue ahead of EU summit Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-10-17  Authors: holly ellyatt
Keywords: news, cnbc, companies, brexit, dup, edge, european, agreement, northern, deal, talks, continue, knife, ahead, ireland, summit


Brexit deal on a knife edge but talks continue ahead of EU summit

Efforts are continuing to hammer out a Brexit deal Thursday as European Union leaders gather for a summit at which they could approve a tentative withdrawal agreement. But that could prove very difficult with the Democratic Unionist Party (DUP), a group of politicians in Northern Ireland which are allied with the ruling U.K. Conservative Party, announcing that it couldn’t support the deal as it stands. That announcement sent sterling plunging more than 0.4% on Thursday morning, to 1.2765 against the dollar after trading near 1.2819. The DUP said in a statement that it’s unhappy with proposed customs and consent arrangements (designed to give Northern Ireland a say over its relationship with the EU post-Brexit) within the current proposals. The DUP has repeatedly opposed any plans that would see it treated differently from the U.K. after Brexit. The U.K. government, which does not have a majority in the British Parliament, needs the DUP’s support (and votes) if it is to have a chance to get a deal over the line when (and if) Parliament votes on Saturday to approve any deal. A spokeswoman for the European Commission said that U.K. Prime Minister Boris Johnson and Commission President Jean-Claude Juncker had spoken this morning and that talks were continuing between both sides. She also reiterated that the EU wants a deal.

United Kingdom Prime Minister Boris Johnson speaks at the United Nations (UN) Climate Action Summit on September 23, 2019 in New York City. Spencer Platt | Getty Images News | Getty Images

Finding an agreement that the DUP (unionists that want to stay aligned with the U.K.) can tolerate and be worked on by nationalists and unionists in Northern Ireland is not easy, analysts say. All sides are wary of jeopardizing the Good Friday Agreement, the delicate peace process between Northern Ireland and the Republic. “It’s extremely difficult. Both communities (unionists and nationalists) in Northern Ireland have to agree to the long-term solution but the problem is that Brexit means that the status quo will change,” Fabian Zuleeg, chief executive and chief economist at the European Policy Centre, told CNBC on Thursday. “So there has to be some form of mechanism to involve the communities but that’s highly disputed, so it will continue to be one of the major issues in getting a deal,” he told CNBC’s Willem Marx.

Roller-coaster ride

Brexit talks on Wednesday resembled a roller-coaster ride with reports at times suggesting a deal had been reached only to be countered with others suggesting that stumbling blocks had been run into. This caused volatile moves in sterling and U.K. stocks. As talks continued into Wednesday night, EU officials and leaders appeared positive that an agreement was possible, even as time was fast running out before an EU leaders summit in Brussels Thursday. Michel Barnier, the EU’s chief Brexit negotiator, said there had been “good progress” in talks Wednesday evening and European Council President Donald Tusk said that “the basic foundations of this agreement are ready and theoretically we could accept a deal.” German Chancellor Angela Merkel also said she was slightly more optimistic a deal could be reached. Even if the EU agrees to a deal, Prime Minister Johnson still needs to gain domestic support for an agreement from the U.K. Parliament, which could happen in a special parliamentary session on Saturday.

‘Fundamental shift’

Hopes for a Brexit deal were revived in early October when the British government tabled new proposals to circumvent the contentious Irish “backstop” — an insurance policy in the original Brexit deal designed to prevent a hard border between Northern Ireland and the Republic of Ireland. The backstop had been very unpopular among Brexiteers and the DUP who did not want Northern Ireland to be separated from the rest of the U.K. As such, Britain proposed new plans that would see Northern Ireland retain elements of EU single market membership but leave the customs union, necessitating customs checks. To ensure the Irish border remained open, Britain suggested customs checks could take place away from the border but EU officials were skeptical about the practicality of those arrangements. As talks continued this week, Britain was reported to have made more concessions over Northern Ireland, however, including suggesting that a customs border could be created down the Irish Sea — something that appeared to unnerve the DUP. On Wednesday, the European Parliament’s chief Brexit official, Guy Verhofstadt, said there had been a positive change in the U.K.’s position. Still, he recognized any deal still needs approval by the U.K. Parliament — and a majority of U.K. lawmakers rejected the last Brexit deal on offer three times over.


Company: cnbc, Activity: cnbc, Date: 2019-10-17  Authors: holly ellyatt
Keywords: news, cnbc, companies, brexit, dup, edge, european, agreement, northern, deal, talks, continue, knife, ahead, ireland, summit


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E-cigarette giant Juul suspends sales of all fruity flavors ahead of looming US ban

Juul announced Thursday it is immediately suspending sales of it popular fruity e-cigarette flavors ahead of a Trump administration policy that is expected to remove all flavored e-cigarettes from the market. Juul last year stopped selling its flavored e-cigarettes in retail stores amid pressure from the Food and Drug Administration. Customers could only get the flavors — creme, mango, fruit, cucumber — on its age-restricted website. Trump administration officials said they would remove all flav


Juul announced Thursday it is immediately suspending sales of it popular fruity e-cigarette flavors ahead of a Trump administration policy that is expected to remove all flavored e-cigarettes from the market.
Juul last year stopped selling its flavored e-cigarettes in retail stores amid pressure from the Food and Drug Administration.
Customers could only get the flavors — creme, mango, fruit, cucumber — on its age-restricted website.
Trump administration officials said they would remove all flav
E-cigarette giant Juul suspends sales of all fruity flavors ahead of looming US ban Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-10-17  Authors: angelica lavito, in angelicalavito
Keywords: news, cnbc, companies, policy, ahead, flavored, fruity, ecigarette, ban, ecigarettes, juul, tobacco, looming, sales, flavors, remove, market, suspends, administration, giant, trump


E-cigarette giant Juul suspends sales of all fruity flavors ahead of looming US ban

Juul announced Thursday it is immediately suspending sales of it popular fruity e-cigarette flavors ahead of a Trump administration policy that is expected to remove all flavored e-cigarettes from the market.

Juul last year stopped selling its flavored e-cigarettes in retail stores amid pressure from the Food and Drug Administration. Customers could only get the flavors — creme, mango, fruit, cucumber — on its age-restricted website.

Trump administration officials said they would remove all flavored pods, including mint and menthol, leaving only tobacco flavored e-cigarettes on the market. Juul said it will continue selling its mint and menthol nicotine pods in the meantime. The company said its new policy is effective immediately.

“We continue to review our policies and practices in advance of FDA’s flavor guidance and have not made any final decisions,” Juul spokesman Austin Finan said in a statement. “We are refraining from lobbying the administration on its draft flavor guidance and will fully support and comply with the final policy when effective.”

Amid a teen vaping epidemic and an outbreak of a deadly vaping-related lung disease, the Trump administration last month said it was readying to remove all flavored e-cigarettes from the market until the FDA reviews them and authorizes them to return to shelves. Administration officials at the time said the plan would be released within weeks. They have yet to produce one.

Correction: This article was updated to correct that it was the Trump administration that called for removing all flavors except tobacco from the market.


Company: cnbc, Activity: cnbc, Date: 2019-10-17  Authors: angelica lavito, in angelicalavito
Keywords: news, cnbc, companies, policy, ahead, flavored, fruity, ecigarette, ban, ecigarettes, juul, tobacco, looming, sales, flavors, remove, market, suspends, administration, giant, trump


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Credit Suisse raises Amazon price target before earnings, sees 35% rally ahead

Shares of Amazon may be trading in correction territory after falling 13% from July’s high, but Credit Suisse sees a 35% rally ahead for the stock.


Shares of Amazon may be trading in correction territory after falling 13% from July’s high, but Credit Suisse sees a 35% rally ahead for the stock.
Credit Suisse raises Amazon price target before earnings, sees 35% rally ahead Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-10-16  Authors: pippa stevens
Keywords: news, cnbc, companies, territory, trading, stock, shares, raises, earnings, credit, target, rally, sees, julys, falling, price, ahead, suisse, amazon, high


Credit Suisse raises Amazon price target before earnings, sees 35% rally ahead

Shares of Amazon may be trading in correction territory after falling 13% from July’s high, but Credit Suisse sees a 35% rally ahead for the stock.


Company: cnbc, Activity: cnbc, Date: 2019-10-16  Authors: pippa stevens
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UK jobs boom cools ahead of Brexit as employment falls by most in over four years

The number of people in employment unexpectedly fell by 56,000 to 32.69 million, the Office for National Statistics said. Excluding bonuses, which smooths out some volatility, pay growth slowed slightly to 3.8%, a touch ahead of the Reuters poll forecast of 3.7%. “The employment rate is still rising year-on-year, but this growth has cooled noticeably in recent months,” ONS statistician Matt Hughes said. “Among the under-25s, the employment rate has actually started to fall on the year.” The tren


The number of people in employment unexpectedly fell by 56,000 to 32.69 million, the Office for National Statistics said. Excluding bonuses, which smooths out some volatility, pay growth slowed slightly to 3.8%, a touch ahead of the Reuters poll forecast of 3.7%. “The employment rate is still rising year-on-year, but this growth has cooled noticeably in recent months,” ONS statistician Matt Hughes said. “Among the under-25s, the employment rate has actually started to fall on the year.” The tren
UK jobs boom cools ahead of Brexit as employment falls by most in over four years Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-10-15
Keywords: news, cnbc, companies, rose, rate, ahead, boom, pay, growth, unexpectedly, jobs, ons, employment, falls, cools, months, brexit


UK jobs boom cools ahead of Brexit as employment falls by most in over four years

Britain’s jobs boom weakened in the three months to August as the approach of Brexit led to the biggest fall in employment in over four years, data showed on Tuesday.

The number of people in employment unexpectedly fell by 56,000 to 32.69 million, the Office for National Statistics said.

Economists polled by Reuters had expected employment to grow by 23,000.

The number of people out of work rose by 22,000 to just over 1.31 million, the ONS said.

The ONS also said total earnings growth, including bonuses, rose by an annual 3.8% in the three months to August, slowing from a rise of 3.9% in the three months to July which was the strongest increase since 2008.

The rise in total pay in the June-August period was weaker than the median forecast of 4.0% in the Reuters poll.

Excluding bonuses, which smooths out some volatility, pay growth slowed slightly to 3.8%, a touch ahead of the Reuters poll forecast of 3.7%.

“The employment rate is still rising year-on-year, but this growth has cooled noticeably in recent months,” ONS statistician Matt Hughes said. “Among the under-25s, the employment rate has actually started to fall on the year.”

Britain’s economy contracted in the second quarter but appears to have grown between July and September, avoiding a recession before the country’s scheduled departure from the European Union at the end of this month.

The labor market has proven surprisingly strong since the Brexit referendum in June 2016, something many economists attribute, in part, to employers hiring workers that they can later lay off rather than making longer-term commitments to investment.

The unemployment rate unexpectedly rose slightly to 3.9% from 3.8% which had been its lowest since the three months to January 1975, the ONS said.

However, some surveys of companies have suggested employers are turning more cautious about hiring as Britain approaches its new Brexit deadline of Oct. 31.

The ONS said vacancies fell again to 813,000, touching their lowest level since the three months to November 2017.

The trend in pay growth is being watched closely by the Bank of England. Deputy Governor Dave Ramsden said in a newspaper interview published on Sunday that company wage costs were “picking up quite significantly, which will drive domestic inflationary pressure.”

However, the BoE is widely expected to wait for more clarity on Brexit – which it fears could damage Britain’s economy if there is no deal with Brussels to ease the transition – before any decision to resume its gradual and limited program of interest rates hikes.


Company: cnbc, Activity: cnbc, Date: 2019-10-15
Keywords: news, cnbc, companies, rose, rate, ahead, boom, pay, growth, unexpectedly, jobs, ons, employment, falls, cools, months, brexit


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One of the biggest reasons women aren’t getting ahead at work, according to a new survey

And the numbers are much smaller for women are color, with 68 Latinas and 58 Black women promoted at that level. “You can look at every level of a company and you’ll see a huge disparity for women of color,” says Yee. The ‘broken rung’ problemMany of these struggles create what McKinsey and Lean In call “the broken rung” — or the fact that women miss that first step up to manager. The report says that based on five years of pipeline data from hundreds of companies, this “broken rung” is the bigg


And the numbers are much smaller for women are color, with 68 Latinas and 58 Black women promoted at that level. “You can look at every level of a company and you’ll see a huge disparity for women of color,” says Yee. The ‘broken rung’ problemMany of these struggles create what McKinsey and Lean In call “the broken rung” — or the fact that women miss that first step up to manager. The report says that based on five years of pipeline data from hundreds of companies, this “broken rung” is the bigg
One of the biggest reasons women aren’t getting ahead at work, according to a new survey Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-10-15  Authors: julia boorstin
Keywords: news, cnbc, companies, arent, color, getting, companies, woman, biggest, yee, work, ahead, survey, mckinsey, women, broken, reasons, according, men, rung, think


One of the biggest reasons women aren't getting ahead at work, according to a new survey

In the past five years, workplaces have had many conversations about harassment and equality, with the rise of the Me Too and Time’s Up movements. But as a result, has anything really changed for women? That’s what the fifth annual “Women in the Workplace” study from consulting firm McKinsey and Company and the organization Lean In looks to understand. For the survey, the organizations analyzed more than 68,500 employees to make conclusions about the state of women in corporate America. The study collected information from 329 different organizations, employing 13 million people, between May and August 2019. This is what the study’s authors found.

Progress to close the leadership gap

Women are making progress in the C-suite, where the percentage of women has increased from 17% to 21% over the last five years. That increase may seem small, but it does show that many companies have added women to the C-suite: Today, 44% of companies have three or more women in their C-suite, up from 29% in 2015. “The average top team has one, two or three women now,” says Lareina Yee, a senior partner at McKinsey, who is the company’s chief diversity and inclusion officer. “Even though that is not a full step to gender equality, we think it’s really important because when you have women at the most important decision-making table weighing in, that matters for companies.” Yee says this small increase in representation at the top can also have ripple effects. “When you think about the women in the organization, someone who’s a first manager or a V.P., she can look up at the top and see role models, and women doing it. She’ll have more confidence that she can as well.”

Another sign that progress could continue to close the gap: Women are still asking for promotions and negotiating salaries at the same rate as men, which has been the case for the past five years. And not only are more companies offering paternity leave, as opposed to just maternity leave for women, but more men are also taking that time off. In 2019, the report found, men were roughly as likely as women to take leave when they became a new parent “That is a step in the right direction because you actually want all of your employees to be able to take time for families,” Yee says.

Persistent problems with the gender gap

Despite those signs of progress, there is more to do to make sure all women are well-represented in the corporate world, the report found. Women of color are underrepresented at every level of business. And while one in five C-suite executives is a woman, only one in 25 is a woman of color. “As a woman of color in business, it’s more personal,” says Yee. “There’s a huge disparity that starts very early … Women get stuck before they can even get through that very first promotion.” McKinsey and Lean In evaluated first promotions, and found that for every 100 men getting their first promotion, just 72 women are promoted. And the numbers are much smaller for women are color, with 68 Latinas and 58 Black women promoted at that level. “You can look at every level of a company and you’ll see a huge disparity for women of color,” says Yee.

The ‘broken rung’ problem

Many of these struggles create what McKinsey and Lean In call “the broken rung” — or the fact that women miss that first step up to manager. The report says that based on five years of pipeline data from hundreds of companies, this “broken rung” is the biggest systemic barrier to gender parity. An even bigger problem: The survey finds that few companies are aware of this broken rung, with human-resources leaders pointing to less access to sponsorship or a lack of women throughout the pipeline instead. And many aren’t aware of a problem at all: 62% of men and 54% of women say they think women are well represented at the manager level, when one in three managers in their company is a woman. If this “broken rung” is fixed, and women are promoted and hired to first-level manager at the same rates as men, the McKinsey and LeanIn survey says, 1 million women will be added to management in corporate America over the next five years.

Backlash for women

There is also the issue of backlash to the Me Too and Time’s Up movements, which have resulted in the ousting of a number of high-profile men following revelations of misconduct. “I don’t think you need research to say that there’s some backlash,” says Yee. But the movements have sparked needed conversations about sexual harassment, women of color at work and microaggressions in the workplace, she says. “If that’s a hard discussion, let’s have that discussion. We have to have a more transparent and open workplace where we can talk about that. And I think it would be surprising if there weren’t men who are finding that an uncomfortable discussion.”

Solutions


Company: cnbc, Activity: cnbc, Date: 2019-10-15  Authors: julia boorstin
Keywords: news, cnbc, companies, arent, color, getting, companies, woman, biggest, yee, work, ahead, survey, mckinsey, women, broken, reasons, according, men, rung, think


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Co-founder of a multibillion-dollar company: Here’s how to get ahead in your career

Self-made millionaire and chief technology officer of Confluent Neha Narkhede got her first computer when she was eight years old and living in India. Narkhede moved to the U.S. in 2006 to get her master’s in computer science from Georgia Tech. After working as a software engineer at LinkedIn, she co-founded streaming platform Confluent in 2014 with two of her LinkedIn coworkers. For women trying to get ahead in a male-dominated field, like tech, it helps to “be a little deaf,” she tells CNBC Ma


Self-made millionaire and chief technology officer of Confluent Neha Narkhede got her first computer when she was eight years old and living in India. Narkhede moved to the U.S. in 2006 to get her master’s in computer science from Georgia Tech. After working as a software engineer at LinkedIn, she co-founded streaming platform Confluent in 2014 with two of her LinkedIn coworkers. For women trying to get ahead in a male-dominated field, like tech, it helps to “be a little deaf,” she tells CNBC Ma
Co-founder of a multibillion-dollar company: Here’s how to get ahead in your career Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-10-14  Authors: kathleen elkins
Keywords: news, cnbc, companies, selfmade, women, quite, thats, multibilliondollar, narkhede, tech, computer, heres, linkedin, ahead, company, little, india, career, cofounder


Co-founder of a multibillion-dollar company: Here's how to get ahead in your career

Self-made millionaire and chief technology officer of Confluent Neha Narkhede got her first computer when she was eight years old and living in India. She’s been hooked on tech ever since.

“It was unique in those times back in India to have a computer and so somewhere, deep down, I was very appreciative,” she recalled on an episode of “Behind the Tech with Kevin Scott.” “And then it became the tool that fueled my curiosity.”

Narkhede moved to the U.S. in 2006 to get her master’s in computer science from Georgia Tech. After working as a software engineer at LinkedIn, she co-founded streaming platform Confluent in 2014 with two of her LinkedIn coworkers. Today, the company is valued at $2.5 billion.

For women trying to get ahead in a male-dominated field, like tech, it helps to “be a little deaf,” she tells CNBC Make It. “You want to preserve your grit and your sense of ability among quite a lot of skepticism that feeds in from the outside. Being a little deaf helps quite a bit — it’s a survival strategy.”

Along those same lines, “If you encounter something that looks like a ceiling, assume it’s a glass ceiling and try to smash it — but if it turns out to be a stone or concrete one, move on,” she adds. “That’s what I do.”

It’s also important to “develop a ton of grit,” says Narkhede, who made Forbes’ 2019 list of America’s richest self-made women. “That’s the one quality that has helped me navigate this field to reach the other side, where you can share your story and inspire the next generation of female leaders.”


Company: cnbc, Activity: cnbc, Date: 2019-10-14  Authors: kathleen elkins
Keywords: news, cnbc, companies, selfmade, women, quite, thats, multibilliondollar, narkhede, tech, computer, heres, linkedin, ahead, company, little, india, career, cofounder


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How Kohl’s is trying to keep its stores fresh ahead of the holidays

Kohl’s says it will swap out the six brands featured in the “Curated by Kohl’s” spaces on a quarterly basis. JERSEY CITY, N.J. — Kohl’s stores are getting a bit of a refresh and are being infused with new brands ahead of this holiday season. At a Kohl’s store here, the retailer has rolled out a space called “Curated by Kohl’s,” to be heading to 50 of Kohl’s roughly 1,100 locations nationwide. In its latest reported quarter, sales at Kohl’s stores open for at least 12 months were down 2.9%, worse


Kohl’s says it will swap out the six brands featured in the “Curated by Kohl’s” spaces on a quarterly basis. JERSEY CITY, N.J. — Kohl’s stores are getting a bit of a refresh and are being infused with new brands ahead of this holiday season. At a Kohl’s store here, the retailer has rolled out a space called “Curated by Kohl’s,” to be heading to 50 of Kohl’s roughly 1,100 locations nationwide. In its latest reported quarter, sales at Kohl’s stores open for at least 12 months were down 2.9%, worse
How Kohl’s is trying to keep its stores fresh ahead of the holidays Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-10-14  Authors: lauren thomas
Keywords: news, cnbc, companies, holidays, stores, fresh, sales, kohls, brands, customers, testing, ahead, spaces, gass, things, company, trying


How Kohl's is trying to keep its stores fresh ahead of the holidays

Kohl’s says it will swap out the six brands featured in the “Curated by Kohl’s” spaces on a quarterly basis.

JERSEY CITY, N.J. — Kohl’s stores are getting a bit of a refresh and are being infused with new brands ahead of this holiday season.

At a Kohl’s store here, the retailer has rolled out a space called “Curated by Kohl’s,” to be heading to 50 of Kohl’s roughly 1,100 locations nationwide. It features six brands, including lingerie maker Adore Me and card marker Lovepop. And in these spaces, Kohl’s is working with Facebook — and its massive database of brands that advertise on the social media platform and Instagram — to help market the brands and choose what might rotate in next.

Also in the Jersey City store is a new “Outfit Bar” setup, spanning about 600 square feet, where Kohl’s is testing pulling together outfits on mannequins to try to encourage younger female customers to buy entire looks, shoes and accessories. Again, it’s currently testing this in 50 locations across the chain.

Kohl’s also just this month launched additional private labels, including one designed by HGTV’s ‘Property Brothers’ stars Drew and Jonathan Scott, to fill spaces in stores where the company believes it can sell more — and at better margins by creating those brands in house.

“We feel strongly that we want to become more known for discovery … it’s more opportune to launch new brands,” said Kohl’s Chief Merchandising Officer Doug Howe during an interview here. “It’s important for our new customers, but we are doing it for our existing customers as well … to be able to have this pipeline of newness.”

“Newness” is exactly how Kohl’s describes what it’s investing in today. CEO Michelle Gass used the word 11 times on the retailer’s earnings conference call in August.

And the hope would be these “newness” initiatives can give Kohl’s a needed boost to sales. The company hasn’t been immune to the trend of more shoppers turning directly to their favorite brands to buy things, bypassing retailers. Kohl’s knows it has to give people a reason to shop there.

In its latest reported quarter, sales at Kohl’s stores open for at least 12 months were down 2.9%, worse than analysts were expecting. Quarterly sales of $4.17 billion also missed Street expectations.

Kohl’s shares have fallen about 23% this year, bringing the company’s market cap to about $8.1 billion.

“Stores remain critical to our success and we continue to invest to elevate the overall experience,” Gass said during a call with analysts. “A big part of how customers are experiencing a modernized Kohl’s is through the introduction of new brands and merchandising concept, and we’ll continue to drive that forward.”

The company admitted its home business under-performed during the latest quarter, dragging down overall results. But Gass said Kohl’s expects that the “newness” coming to stores will help turn things around.


Company: cnbc, Activity: cnbc, Date: 2019-10-14  Authors: lauren thomas
Keywords: news, cnbc, companies, holidays, stores, fresh, sales, kohls, brands, customers, testing, ahead, spaces, gass, things, company, trying


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