New ‘Dungeons & Dragons’ video game based on R.A. Salvatore characters coming in 2020

“Dark Alliance” is a new video game coming from the makers of “Dungeons and Dragons.” A new video game based on “Dungeons and Dragons” is coming to computers and consoles in the fall of next year. Wizards of the Coast, the Hasbro-owned company behind the popular 45-year-old tabletop game, and video game company Tuque have partnered to create “Dark Alliance,” a third-person action role-playing game. “Dark Alliance” is being billed as a “spiritual successor” to the “Baldur’s Gate: Dark Alliance” s


“Dark Alliance” is a new video game coming from the makers of “Dungeons and Dragons.”
A new video game based on “Dungeons and Dragons” is coming to computers and consoles in the fall of next year.
Wizards of the Coast, the Hasbro-owned company behind the popular 45-year-old tabletop game, and video game company Tuque have partnered to create “Dark Alliance,” a third-person action role-playing game.
“Dark Alliance” is being billed as a “spiritual successor” to the “Baldur’s Gate: Dark Alliance” s
New ‘Dungeons & Dragons’ video game based on R.A. Salvatore characters coming in 2020 Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-12-12  Authors: sarah whitten
Keywords: news, cnbc, companies, characters, dragons, dungeons, coming, based, games, players, thirdperson, 2020, dark, salvatore, neibert, video, game, alliance


New 'Dungeons & Dragons' video game based on R.A. Salvatore characters coming in 2020

“Dark Alliance” is a new video game coming from the makers of “Dungeons and Dragons.”

A new video game based on “Dungeons and Dragons” is coming to computers and consoles in the fall of next year.

Wizards of the Coast, the Hasbro-owned company behind the popular 45-year-old tabletop game, and video game company Tuque have partnered to create “Dark Alliance,” a third-person action role-playing game.

“Once you roll initiative, that’s when our game begins,” said Kevin Neibert, lead game designer at Tuque.

“Dark Alliance” is being billed as a “spiritual successor” to the “Baldur’s Gate: Dark Alliance” series of video games and features characters from R.A. Salvatore’s novels.

This new video game comes at a time when “Dungeons and Dragons” is having a renaissance. The tabletop games are more popular than ever, with sales of the fifth edition, which was released in 2014, continuing to sell better and better each year. The newest edition centers more on storytelling than previous versions, allowing players to focus more on narrative than the technical game mechanics.

Also, YouTube and Twitch channels featuring celebrities and voice actors have introduced more people to the game. New player handbooks and starter sets have been a large portion of Wizards of the Coast’s “Dungeons and Dragons” sales growth, the company told CNBC back in March.

The upcoming video game was designed so that even if you aren’t a fan of “Dungeons and Dragons,” you could enjoy the combat mechanics. There’s an overarching story that ties a series of missions together, Neibert said, but there’s no dice rolling or counting up hit points.

On the game’s easiest level, players can button-smash their way through enemies, but on higher difficulty modes players will need to be more masterful in timing their strikes.

There are four playable characters: Drizzt Do’Urden, a drow (dark elf) with twin blades, Catti-Brie, an archer who can be used as a sniper, Bruenor, a dwarf with battle ax, and Wulfgar, who wields a battle hammer, according to Neibert. Each character has their own specific weaponry and attacks.

In single-player mode, you can select any character you wish to play and swap between them throughout the campaign. In the co-op mode, which can be played with friends or people from the online community, each player must select a different character.

Neibert said the new game will not follow the top-down perspective of past “Dark Alliance” games. Instead, the camera will be from the third-person perspective.

“The third-person camera pulls [them] into the action and it’s much more intimate,” Neibert said. “It allows you to react more dynamically.”

Tuque has also incorporated more “RPG elements,” allowing players to customize the characters and pick up loot and upgrades after battles.

“What separates us is the focus on co-op but also having that mechanical mastery that you see in more hardcore games like ‘Dark Souls,'” Neibert said.


Company: cnbc, Activity: cnbc, Date: 2019-12-12  Authors: sarah whitten
Keywords: news, cnbc, companies, characters, dragons, dungeons, coming, based, games, players, thirdperson, 2020, dark, salvatore, neibert, video, game, alliance


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Kroger and Walgreens want to buy products together to cut supplier costs

Kroger and Walgreens Boots Alliance are teaming up to cut costs by sourcing more merchandise together. “Kroger manufactures many of our own food products,” Millerchip said. Walgreens also put a selection of its health and beauty merchandise in 17 Kroger stores as a trial. “Clearly we are seeing … offering customers convenience with smaller shopping trips is improving the overall experience,” Millerchip said about adding Kroger products to Walgreens stores. Amazon, which owns grocery chain Whol


Kroger and Walgreens Boots Alliance are teaming up to cut costs by sourcing more merchandise together.
“Kroger manufactures many of our own food products,” Millerchip said.
Walgreens also put a selection of its health and beauty merchandise in 17 Kroger stores as a trial.
“Clearly we are seeing … offering customers convenience with smaller shopping trips is improving the overall experience,” Millerchip said about adding Kroger products to Walgreens stores.
Amazon, which owns grocery chain Whol
Kroger and Walgreens want to buy products together to cut supplier costs Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-12-11  Authors: lauren thomas
Keywords: news, cnbc, companies, owns, supplier, grocery, food, costs, products, buy, millerchip, retailers, alliance, stores, cut, walgreens, kroger


Kroger and Walgreens want to buy products together to cut supplier costs

Kroger and Walgreens have been working together since 2018 on various pilot tests.

Kroger and Walgreens Boots Alliance are teaming up to cut costs by sourcing more merchandise together.

With what they call the Retail Procurement Alliance, the chain retailers will look for overlaps in the products they are receiving so that they can combine their orders. Doing so would increase scale and lower costs. The two will also see if Kroger can start manufacturing items in-house for Walgreens, and vice versa, Kroger CFO Gary Millerchip told CNBC.

“Kroger manufactures many of our own food products,” Millerchip said. “We can do that more collectively and cheaply … when we have the volume from Walgreens to increase in efficiencies in our model.”

Kroger and Walgreens hope more retailers will join their alliance. “If another organization thinks they have significant buying in these areas, they could partner with Kroger and Walgreens to save and reduce waste,” Millerchip said.

The alliance comes at a time when traditional retailers are under pressure as more consumers shop online and, as a result, are looking to find cost savings where they can. The joint venture builds on work that Kroger and Walgreens have already been doing together.

In October 2018, the companies announced they were beginning to test selling some of Kroger’s owned food brands at select Walgreens stores, in addition to allowing customers to pick up their online orders from Kroger at some Walgreens locations.

This August, the companies said they were expanding this pilot test to 35 Walgreens locations, from the original 13. Walgreens also put a selection of its health and beauty merchandise in 17 Kroger stores as a trial. In addition to its namesake brand, Kroger owns a variety of other supermarket and retail brands including Fred Meyer, Ralphs, Harris Teeter and Food 4 Less.

“Clearly we are seeing … offering customers convenience with smaller shopping trips is improving the overall experience,” Millerchip said about adding Kroger products to Walgreens stores. “But it’s still very early in the process.”

Kroger and Walgreens aim to compete with e-commerce behemoth Amazon, which continues to push further into food and health. Amazon, which owns grocery chain Whole Foods, dropped the fee for two-hour grocery delivery for all of its paying Prime members. It also owns internet pharmacy company PillPack.

And Amazon is expected to open what will be its first location of a new kind of grocery chain, in Los Angeles, next year. This will be separate from Whole Foods.

Kroger’s market cap is $22.4 billion, and its stock is roughly flat this year. Walgreens, which is valued at about $52 billion, has seen its stock fall about 15% in 2019.


Company: cnbc, Activity: cnbc, Date: 2019-12-11  Authors: lauren thomas
Keywords: news, cnbc, companies, owns, supplier, grocery, food, costs, products, buy, millerchip, retailers, alliance, stores, cut, walgreens, kroger


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Trump slams Macron for ‘insulting’ and ‘disrespectful’ NATO comments

President Donald Trump has denounced recent comments made by French President Emmanuel Macron on the military alliance NATO. He added that it was “very insulting” for the French president to label NATO as brain dead. “You can’t go around saying that about NATO,” Trump added. The U.S. president said relations between the U.S. and European NATO members were not causing any divide, with the exception of France. I’m looking at him and I’m saying he (Macron) needs protection more than anybody and I s


President Donald Trump has denounced recent comments made by French President Emmanuel Macron on the military alliance NATO.
He added that it was “very insulting” for the French president to label NATO as brain dead.
“You can’t go around saying that about NATO,” Trump added.
The U.S. president said relations between the U.S. and European NATO members were not causing any divide, with the exception of France.
I’m looking at him and I’m saying he (Macron) needs protection more than anybody and I s
Trump slams Macron for ‘insulting’ and ‘disrespectful’ NATO comments Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-12-03  Authors: david reid
Keywords: news, cnbc, companies, trump, members, slams, saying, macron, president, disrespectful, insulting, nato, comments, alliance, french


Trump slams Macron for 'insulting' and 'disrespectful' NATO comments

President Donald Trump has denounced recent comments made by French President Emmanuel Macron on the military alliance NATO.

In November, Macron told The Economist magazine that the world was experiencing the “brain death” of NATO, warning that members of the alliance could no longer rely on the U.S.

In comments to the press ahead of a NATO meeting in London on Tuesday, Trump said Macron’s words had been “very, very nasty” to the other 28 member states. He added that it was “very insulting” for the French president to label NATO as brain dead. “You can’t go around saying that about NATO,” Trump added.

The U.S. president said relations between the U.S. and European NATO members were not causing any divide, with the exception of France.

“I do see France breaking off. I’m looking at him and I’m saying he (Macron) needs protection more than anybody and I see him breaking off, so I’m a little surprised at that,” said the American leader.

Trump has himself criticized the international body, previously describing NATO as “obsolete.” And in comments just before arriving in the U.K., Trump also called out some of the alliance members as “delinquent,” in an apparent reference to the amount of money that some nations spend on defense.


Company: cnbc, Activity: cnbc, Date: 2019-12-03  Authors: david reid
Keywords: news, cnbc, companies, trump, members, slams, saying, macron, president, disrespectful, insulting, nato, comments, alliance, french


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Here’s what each NATO country contributes financially to the world’s strongest military alliance

WASHINGTON — President Donald Trump arrived in London for the two-day NATO leaders meeting reiterating that too many members of the world’s most powerful military alliance still aren’t paying enough. Trump has frequently dressed down NATO counterparts and threatened to reduce U.S. military support if allies do not increase spending. In London, Trump singled out German Chancellor Angela Merkel for not meeting the 2% of GDP spending goal set in 2014. “So we’re paying 4 to 4.3% when Germany’s payin


WASHINGTON — President Donald Trump arrived in London for the two-day NATO leaders meeting reiterating that too many members of the world’s most powerful military alliance still aren’t paying enough.
Trump has frequently dressed down NATO counterparts and threatened to reduce U.S. military support if allies do not increase spending.
In London, Trump singled out German Chancellor Angela Merkel for not meeting the 2% of GDP spending goal set in 2014.
“So we’re paying 4 to 4.3% when Germany’s payin
Here’s what each NATO country contributes financially to the world’s strongest military alliance Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-12-03  Authors: amanda macias nate rattner, amanda macias, nate rattner
Keywords: news, cnbc, companies, worlds, spending, london, strongest, heres, alliance, paying, meeting, trump, gdp, military, financially, set, spends, country, allies, contributes, nato


Here's what each NATO country contributes financially to the world's strongest military alliance

WASHINGTON — President Donald Trump arrived in London for the two-day NATO leaders meeting reiterating that too many members of the world’s most powerful military alliance still aren’t paying enough.

Trump has frequently dressed down NATO counterparts and threatened to reduce U.S. military support if allies do not increase spending. In London, Trump singled out German Chancellor Angela Merkel for not meeting the 2% of GDP spending goal set in 2014.

“So we’re paying 4 to 4.3% when Germany’s paying 1 to 1.2% at max 1.2% of a much smaller GDP. That’s not fair,” Trump said Tuesday.

According to the latest NATO figures, the U.S. spends less than Trump noted, at 3.42% of GDP on defense while Germany now spends 1.38%, which is an increase of about 11% from last year.

Germany is only one of 19 NATO members that have not met the 2% GDP spending goal set at the 2014 NATO summit in Wales.

Read more: Three charts that show why Trump thinks NATO is a bad deal

Ahead of the leaders meeting in London, NATO Secretary Jens Stoltenberg announced that defense spending across European allies and Canada increased in real terms by 4.6 % in 2019 — making this the fifth consecutive year of growth.

Stoltenberg also said that by the end of 2020, allies will have invested $130 billion more since 2016.


Company: cnbc, Activity: cnbc, Date: 2019-12-03  Authors: amanda macias nate rattner, amanda macias, nate rattner
Keywords: news, cnbc, companies, worlds, spending, london, strongest, heres, alliance, paying, meeting, trump, gdp, military, financially, set, spends, country, allies, contributes, nato


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Russia is not the only pressing issue that NATO has to deal with

US president Donald Trump is seen during his press conference at the 2018 NATO Summit in Brussels, Belgium on July 12, 2018. Defense spending, againSpending is likely to be a key issue again this week with the latest figures not making for comfortable reading. Given the slow progress made by members, Trump is likely to be heavily critical again. The European nation only spent an estimated 1.36% of its GDP on defense spending in 2019, setting up another potential clash with the U.S. In September


US president Donald Trump is seen during his press conference at the 2018 NATO Summit in Brussels, Belgium on July 12, 2018.
Defense spending, againSpending is likely to be a key issue again this week with the latest figures not making for comfortable reading.
Given the slow progress made by members, Trump is likely to be heavily critical again.
The European nation only spent an estimated 1.36% of its GDP on defense spending in 2019, setting up another potential clash with the U.S.
In September
Russia is not the only pressing issue that NATO has to deal with Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-12-02  Authors: holly ellyatt
Keywords: news, cnbc, companies, members, russia, summit, natos, trump, issue, defense, deal, pressing, alliance, spending, nato, military


Russia is not the only pressing issue that NATO has to deal with

US president Donald Trump is seen during his press conference at the 2018 NATO Summit in Brussels, Belgium on July 12, 2018. NurPhoto | NurPhoto | Getty Images

As heads of state and government meet in the U.K. this week for the 70th anniversary of the military alliance NATO, discussions are likely to focus on shifting geopolitical relations and military threats, that thorny issue of defense spending and, crucially, the alliance’s future. NATO Secretary General Jens Stoltenberg said earlier this year that the summit on Dec. 3 and 4 will give members the opportunity to address “current and emerging security challenges and how NATO continues to invest and adapt to ensure it will remain a pillar of stability in the years ahead.” The summit on the outskirts of London comes at a tricky time for NATO with unsettled relationships countering older insecurities like its relations with Russia. Furthermore, the commitment of its most powerful member, the U.S., to the alliance is now more uncertain than ever. “Rarely has NATO not been under verbal siege over these past few months,” Judy Dempsey, a non-resident senior fellow at Carnegie Europe, said in an editorial piece on Tuesday last week. “The fact that that this meeting will not be called a summit shows how NATO’s seventieth birthday is not being celebrated with great fanfare but instead with a degree of self-doubt, if not anxiety.” That anxiety comes after a tough few years for the alliance, especially when it comes to the issue of who pays the most. NATO agreed at a summit in Wales in 2014 to reverse the trend of declining defense budgets and to raise them over the coming decade, a move that was designed to “further strengthen the transatlantic bond.” Then, members agreed to spend a minimum of 2% of their GDP (gross domestic product) on defense. At last year’s summit in Brussels, President Donald Trump chided other members of the group for not meeting spending targets agreed at the NATO summit in 2014. Experts note that discussions at this NATO “Leaders Meeting,” as it’s being called, will be informed as much by issues not on the formal agenda as those that are. “Member states will be keen to bring their political differences back behind closed doors, whilst emphasizing the military coherence and credibility of their alliance,” Sarah Raine, consulting senior fellow for geopolitics and strategy at the International Institute for Strategic Studies (IISS), told CNBC. “The degree to which Europe should do more not just for itself, but also by itself, remains highly contentious. Assessment of the scope of NATO’s engagement on China’s challenge, including the U.S. push to include the issue of 5G within these discussions, risk further highlighting these sensitivities,” she said.

Defense spending, again

Spending is likely to be a key issue again this week with the latest figures not making for comfortable reading. NATO estimates for 2019, released in June, show that only the U.S., U.K., Greece, Estonia, Romania, Poland and Latvia have met or surpassed that target. The highest defense spend was made by the U.S., at 3.4% of its GDP, while the lowest spend was by Luxembourg which only spent 0.55%. Given the slow progress made by members, Trump is likely to be heavily critical again. Germany has been singled out for especially harsh treatment because of its budget surplus. The European nation only spent an estimated 1.36% of its GDP on defense spending in 2019, setting up another potential clash with the U.S.

US commitment to NATO

Defense spending, or the lack thereof, has created so much ire in Trump that there are reports that he frequently discussed pulling the U.S. out of the alliance, even with Congressional support. In July, he also likened countries not meeting the defense spend target, like Germany, to delinquents. “We’re the schmucks that are paying for the whole thing,” Trump said at a rally in July. “Frankly, many countries owe us a tremendous amount of money for many years back, where they’re delinquent, as far as I’m concerned, because the United States has had to pay for them,” singling out Germany as “the number one” culprit.

Perhaps the only thing Trump has in common with his predecessor Barack Obama was their shared dismay at the perception that the U.S. bears the brunt of NATO spending. Obama called out “free riders” in NATO that benefit from U.S. military support without contributing enough to defense themselves.

Europe’s commitment to NATO

Ironically, questions over members’ commitment to NATO could come from closer to home (it’s headquartered in Brussels) with increasing talk in Europe about strengthening the EU’s cooperation and coordination on defense. French President Emmanuel Macron has caused a stir ahead of this week’s NATO meeting after he said in early November that “what we are currently experiencing is the brain death of Nato.” Speaking to The Economist magazine, Macron cited the U.S. failure to consult NATO before pulling out of Syria as a reason for his comment, and also questioned NATO’s validity. He argued that Europe should focus on its own defense alliance, although German Chancellor Angela Merkel believes the continent is too weak “for now” to defend itself. Speaking to lawmakers last week, Merkel said that “we rely on this trans-Atlantic alliance, and that is why it is right for us to work for this alliance and take on more responsibility.” IISS’s Raine told CNBC that the short-term priority for the alliance “must be to get NATO’s public messaging back on track.” “That includes the presentation of an alliance that is militarily more capable than ever before, and that is adapting to the evolving security threats its members face, not at the expense of its traditional focus but in addition to it,” she said. The NATO secretary general will be hoping for summit headlines that focus attention away from the state of NATO’s brain, Raine said, “and towards admiration for NATO’s muscles, by highlighting the range and depth of NATO’s operational commitments and capabilities.”

The ‘R’-word

NATO was set up in 1949 as a military alliance between 10 European countries, the U.S. and Canada “to promote cooperation among its members and to guard their freedom,” the alliance says, “within the context of countering the threat posed at the time by the Soviet Union.” Seventy years on, and after several decades of relatively good relations and cooperation, NATO’s relations with Russia are tense. This comes after Moscow’s 2014 annexation of Crimea and its role in a pro-Russian uprising in eastern Ukraine. NATO says that the channels of communication remain open with Russia but that “Russia’s destabilizing actions and policies go beyond Ukraine” citing its “provocative military activities near NATO’s borders stretching from the Baltic to the Black Sea.” It has also cited its “irresponsible and aggressive nuclear rhetoric,” its support for the regime in Syria as well as the U.K. nerve agent attack which it said was “a clear breach of international norms.” NATO has said it supported the U.S.’ decision to withdraw from the 1987 Intermediate-Range Nuclear Forces Treaty in response to “Russia’s material breach.” On Russia’s part, perhaps the most controversial NATO decision has been the decision to deploy NATO missile defense systems in Romania and Poland (although completion of this Aegis Ashore — a land-based missile defense system — site is delayed to 2020). Along with the deployment of thousands of NATO troops to the Baltic nations and Poland in the last few years, these developments appear to have served only to exacerbate tensions with Russia. Russia has widely criticized the deployment of missile defense shields in its former backyard. The prospect of Ukraine and Georgia, both of which used to be part of the former USSR, joining NATO (and even potentially the European Union) is also an unsavory prospect for Moscow. In September 2019, Russian Foreign Minister Sergey Lavrov said that “NATO approaching our borders is a threat to Russia.” That view was echoed by Russian President Vladimir Putin this month, when he told Russia’s Security Council that he was “seriously concerned about the NATO infrastructure approaching our borders, as well as the attempts to militarize outer space.”

The future?


Company: cnbc, Activity: cnbc, Date: 2019-12-02  Authors: holly ellyatt
Keywords: news, cnbc, companies, members, russia, summit, natos, trump, issue, defense, deal, pressing, alliance, spending, nato, military


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Stocks making the biggest moves after hours: ServiceNow, Alliance Data, AMC Entertainment and more

Intelsat, along with three other satellite operators, provides C-band services for roughly 120 million households. The company’s shares took a nosedive of more than 40% during midday trading on the announcement, while its shares are down roughly 62% year to date. Shares of Alliance Data Systems rose and then fell after the data-driven marketing company announced that Ralph Andretta will take the helm as president and CEO on February 3, 2020. Shares of ServiceNow jumped 4% after the announcement


Intelsat, along with three other satellite operators, provides C-band services for roughly 120 million households.
The company’s shares took a nosedive of more than 40% during midday trading on the announcement, while its shares are down roughly 62% year to date.
Shares of Alliance Data Systems rose and then fell after the data-driven marketing company announced that Ralph Andretta will take the helm as president and CEO on February 3, 2020.
Shares of ServiceNow jumped 4% after the announcement
Stocks making the biggest moves after hours: ServiceNow, Alliance Data, AMC Entertainment and more Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-11-18  Authors: ganesh setty
Keywords: news, cnbc, companies, roughly, shares, company, announced, entertainment, services, data, alliance, moves, trading, served, biggest, replace, servicenow, making, hours, stocks, amc


Stocks making the biggest moves after hours: ServiceNow, Alliance Data, AMC Entertainment and more

Check out the companies making headlines after the bell:

Shares of Intelsat SA slid nearly 2% during extended trading after the Federal Communications Commission announced it will publicly auction off a portion of its C-band spectrum wavelength in place of 5G wireless networks. Intelsat, along with three other satellite operators, provides C-band services for roughly 120 million households. The company’s shares took a nosedive of more than 40% during midday trading on the announcement, while its shares are down roughly 62% year to date.

Shares of AMC Entertainment popped 5% after the bell following reports that the Justice Department is seeking to scrap decades-old “Paramount” consent decrees that were enacted in the ’40s and ’50s to protect movie theaters from studios. Makan Delrahim, head of the Justice Department’s Antitrust Division, said he would ask for a two-year sunset window as a “period of transition to adjust to any licensing proposals.” AMC’s shares reached a new year-to-date low of $8.22 during midday trading.

Shares of Alliance Data Systems rose and then fell after the data-driven marketing company announced that Ralph Andretta will take the helm as president and CEO on February 3, 2020. Andretta previously served as Citigroup’s managing director and head of U.S. cards business. Alliance also added that their latest guidance remains unchanged.

Shares of ServiceNow jumped 4% after the announcement that the cloud-based services company will replace Celgene on the S&P 500 before the opening of trade on Thursday. Thermo Fisher Scientific, meanwhile, will replace Celgene on the S&P 100. Both those companies’ shares remained unchanged during extended trading. Bristol-Myers Squibb is in the process of finalizing an acquisition of Celgene.

Separately, Servicenow also announced that Gina Mastantuono will join the company as CFO on January 13, 2020. Mastantuono previously served as CFO of Ingram Micro.

Reuters contributed to this report


Company: cnbc, Activity: cnbc, Date: 2019-11-18  Authors: ganesh setty
Keywords: news, cnbc, companies, roughly, shares, company, announced, entertainment, services, data, alliance, moves, trading, served, biggest, replace, servicenow, making, hours, stocks, amc


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Walgreens Boots Alliance has reached out to private equity firms to explore a deal

International drugstore chain Walgreens Boots Alliance has reached out to private equity firms about a deal to take it private, a person familiar with the situation told CNBC. Walgreens’ outstanding debt load, roughly $17 billion according to its most recent regulatory filing, may further complicate acquisition talks. A number of deals to buy retailers led by private equity firms in recent years have resulted in bankruptcy, like Toys R Us and Payless. In 2015, Walgreens attempted to acquire Rite


International drugstore chain Walgreens Boots Alliance has reached out to private equity firms about a deal to take it private, a person familiar with the situation told CNBC.
Walgreens’ outstanding debt load, roughly $17 billion according to its most recent regulatory filing, may further complicate acquisition talks.
A number of deals to buy retailers led by private equity firms in recent years have resulted in bankruptcy, like Toys R Us and Payless.
In 2015, Walgreens attempted to acquire Rite
Walgreens Boots Alliance has reached out to private equity firms to explore a deal Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-11-05  Authors: angelica lavito lauren hirsch, angelica lavito, in angelicalavito, lauren hirsch
Keywords: news, cnbc, companies, stores, pharmacy, alliance, earlier, retailers, roughly, equity, deal, company, reached, private, billion, explore, boots, firms, walgreens


Walgreens Boots Alliance has reached out to private equity firms to explore a deal

International drugstore chain Walgreens Boots Alliance has reached out to private equity firms about a deal to take it private, a person familiar with the situation told CNBC.

It could not be immediately confirmed what structure such a deal would take. The company has a market capitalization of approximately $55 billion, making it a large check for a single buyer. It has operations in both the U.S and Europe, a function of its acquisition of British pharmacy giant Alliance Boots in 2014

CEO Stefano Pessina has a roughly 16% stake in the company, according to data compiled by Factset.

Walgreens’ outstanding debt load, roughly $17 billion according to its most recent regulatory filing, may further complicate acquisition talks. A number of deals to buy retailers led by private equity firms in recent years have resulted in bankruptcy, like Toys R Us and Payless. Those retailers found themselves hamstrung by debt and unable to make the investments necessary to compete amid a rapidly changing retail landscape.

Walgreens, one of the world’s largest pharmacies with roughly 9,300 drugstores, is under its own pressure. Consumers increasingly shopping for drugstore staples like shampoo and vitamins online. Insurers are squeezing pharmacies, paying them less to fill prescriptions.

Shares of Walgreens have slid about 22% over the past 12 months.

In response, Walgreens is slashing costs. The company aims to trim more than $1.8 billion by fiscal year 2022. Walgreens earlier this year said it will close about 200 stores in the U.S., in addition to the 200 it will close in the U.K.

Amid challenges facing the industry, Walgreens’ peers have explored partnerships or consolidation. CVS Health and Aetna last year combined in a roughly $69 billion deal that combined CVS’ pharmacy and pharmacy benefits manager platform with Aetna’s insurance business

Walgreens explored a deal to buy AmerisourceBergen last year, but those early-stage explorations ended without an agreement.

In 2015, Walgreens attempted to acquire Rite Aid in a $17.5 billion deal that looked to bring with it 4,600 stores. Regulators, though, whittled the deal down to a purchase of 1,932 stores for $4.37 billion.

Walgreens is working with investment bank Evercore to explore whether it can put together a deal, Reuters reported earlier Tuesday. Reuters and Bloomberg earlier reported news of a potential deal, sending shares up more than 3%.


Company: cnbc, Activity: cnbc, Date: 2019-11-05  Authors: angelica lavito lauren hirsch, angelica lavito, in angelicalavito, lauren hirsch
Keywords: news, cnbc, companies, stores, pharmacy, alliance, earlier, retailers, roughly, equity, deal, company, reached, private, billion, explore, boots, firms, walgreens


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Trump-ally Nigel Farage offers Boris Johnson a Brexit election alliance

Nigel Farage at the Brexit Party’s General Election campaign launch at the Emmanuel Centre in Westminster, London. The leader of the U.K. Brexit Party and Donald Trump-ally Nigel Farage kicked off his election campaign on Friday with both an offer and a warning to U.K. Prime Minister Boris Johnson. The Brexit Party has no current MPs (Members of Parliament) but feels it can do especially well in the leave-supporting areas of Wales and northeast England. And they are not going to at this election


Nigel Farage at the Brexit Party’s General Election campaign launch at the Emmanuel Centre in Westminster, London.
The leader of the U.K. Brexit Party and Donald Trump-ally Nigel Farage kicked off his election campaign on Friday with both an offer and a warning to U.K. Prime Minister Boris Johnson.
The Brexit Party has no current MPs (Members of Parliament) but feels it can do especially well in the leave-supporting areas of Wales and northeast England.
And they are not going to at this election
Trump-ally Nigel Farage offers Boris Johnson a Brexit election alliance Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-11-01  Authors: david reid
Keywords: news, cnbc, companies, offers, farage, election, nigel, seats, westminster, boris, johnson, work, conservative, candidates, alliance, brexit, party, trumpally


Trump-ally Nigel Farage offers Boris Johnson a Brexit election alliance

Nigel Farage at the Brexit Party’s General Election campaign launch at the Emmanuel Centre in Westminster, London.

The leader of the U.K. Brexit Party and Donald Trump-ally Nigel Farage kicked off his election campaign on Friday with both an offer and a warning to U.K. Prime Minister Boris Johnson.

The starting gun has been fired on campaigning toward a U.K. general election on December 12 in a bid by different parties to both seize power and resolve the U.K.’s departure from the European Union.

Speaking at the Brexit Party launch in Westminster, London, Farage said he would sign up around 500 candidates to stand for seats in England, Wales, and Scotland.

The Brexit Party has no current MPs (Members of Parliament) but feels it can do especially well in the leave-supporting areas of Wales and northeast England. Farage said his party could take seats from Johnson’s main opposition Labour party.

“It would be fair to say that there are around 150 seats in this country that are Labour-run constituencies that the Conservative Party have never won in their history. And they are not going to at this election,” Farage said.

Farage called on the U.K. prime minister to join a “leave alliance” and said his plan would work if Johnson’s Conservative Party backed away from contesting the pro-Brexit vote.

“That is how I feel a deal of this kind, a non-aggression pact, could work,” said Farage.

Farage also said Brexit Party candidates would be stood down in areas where Conservative Party candidates were agreeable to the type of EU exit sought by his party.


Company: cnbc, Activity: cnbc, Date: 2019-11-01  Authors: david reid
Keywords: news, cnbc, companies, offers, farage, election, nigel, seats, westminster, boris, johnson, work, conservative, candidates, alliance, brexit, party, trumpally


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Toyota eyes former competitors as allies in electric car race

It’s that profound transformation of the industry, including the push into electric, connected and autonomous vehicles that has caused the Japanese automotive giant to rethink a fundamental tenet of its long-term strategy. And they plan to work together on a variety of new technologies, including electrified and self-driving vehicles. The alliance with Subaru is just the latest that Toyota has announced. Toyota also holds a 5% stake in Mazda while the Hiroshima-based automaker has a 0.25% holdin


It’s that profound transformation of the industry, including the push into electric, connected and autonomous vehicles that has caused the Japanese automotive giant to rethink a fundamental tenet of its long-term strategy.
And they plan to work together on a variety of new technologies, including electrified and self-driving vehicles.
The alliance with Subaru is just the latest that Toyota has announced.
Toyota also holds a 5% stake in Mazda while the Hiroshima-based automaker has a 0.25% holdin
Toyota eyes former competitors as allies in electric car race Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-10-17  Authors: paul a eisenstein
Keywords: news, cnbc, companies, automaker, race, toyotas, alliances, subaru, development, alliance, toyota, allies, eyes, competitors, including, technologies, car, electric, industry


Toyota eyes former competitors as allies in electric car race

Toyota CEO Akio Toyoda is an avid motorsports fan who routinely heads out on the track to test the company’s latest products, especially high-performance models like the new Supra sports car and the smaller Toyota 86.

So there was no surprise when he highlighted some of the benefits of an expanded relationship with smaller Japanese automaker Subaru last month, notably including plans to jointly develop a new version of the Toyota sports car and the near-twin Subaru BRZ.

“During this once-in-a-century period of profound transformation, driving enjoyment will remain an inherent part of automobiles and is something that I think we must continue to strongly preserve,” the grandson of Toyota’s founder said in a statement.

But the development of the two next-generation sports cars is really only a small part of Toyota’s decision to expand its stake in Subaru from 17% to 20%. It’s that profound transformation of the industry, including the push into electric, connected and autonomous vehicles that has caused the Japanese automotive giant to rethink a fundamental tenet of its long-term strategy.

Once largely focused on going it alone, Toyota has been lining up a broad range of alliances with erstwhile rivals, including not only Subaru but Suzuki, Mazda and even BMW.

“They have changed from ultra-conservative to ultra-aggressive” when it comes to alliances, said Michael Dunne, a veteran Asian auto industry analyst, and CEO of Zozo Go, an auto consulting service that specializes in Asia.

The deal with Subaru also sees the smaller carmaker take a minor stake in Toyota. The two companies plan not only to develop the next-generation 86 and BRZ sports cars but also some as yet-unspecified all-wheel-drive models. And they plan to work together on a variety of new technologies, including electrified and self-driving vehicles.

The alliance with Subaru is just the latest that Toyota has announced. Among others:

Toyota announced Aug. 28 it was acquiring a 4.94% stake in Suzuki for 96 billion yen, or $910 million. In turn, the smaller automaker said it would purchase 0.2% of Toyota’s outstanding shares for 48 billion yen, or about $455 million.

Toyota also holds a 5% stake in Mazda while the Hiroshima-based automaker has a 0.25% holding in the bigger company. Among other things, the alliance formed in August 2017 sees the two companies partner on a new plant in Alabama that will assemble several jointly developed vehicles.

As part of what Toyota describes as a “binding agreement and MOU on collaboration,” it teamed up with BMW to develop the newly reborn Supra sports car, along with the Bavarian automaker’s latest version of the Z4 roadster, both of which share key underpinnings.

The Japanese automaker formed a small alliance with PSA, the parent of Peugeot and Citroen, in 2012, significantly expanding it six years later. Among other things the new deal has PSA supplying Toyota with a new compact commercial van.

Some alliances are pragmatic efforts aimed at helping Toyota expand its presence in markets where it is weak, Suzuki helping it gain a foothold in booming India. And the relationship with PSA has addressed Toyota’s weaknesses in Europe, especially its need for diesel engines.

There’s another common thread to many of Toyota’s joint ventures, industry analysts point out. In today’s increasingly fragmented market, it can be far too costly for a single automaker to justify the development of low-volume products, especially sports cars. By sharing costs, it makes it easier to pencil an acceptable business case.

“What has changed is the industry and the market and what is needed to succeed,” said Stephanie Brinley, principle analyst IHS Markit. “You need access to skill set you may not have in house.”

That’s also true when it comes to the development of all the new technologies that automakers have to focus on today, said Dunne, including the autonomous and battery-powered vehicles that aren’t likely to start generating profits for a number of years.

“As the environment which surrounds the automobile industry has been changing drastically, we need to have the ability to respond to changes in order to survive,” Toyota CEO Toyoda said in a statement following announcement of a preliminary deal with Suzuki. Such deals expand the potential payoff of “the R&D which each company is working on individually,” he added.

Toyota has had a few long-term relationships, notably an alliance with Daihatsu largely focused on Japan’s unique Kei-car, or microcar, market. But even there, Toyoda decided to step things up, completely buying out Daihatsu in 2016.

It is clearly stepping up its game. And it is not limiting its alliance strategy to working with other, direct competitors. Toyota announced in August last year that it would invest $500 million in the ride-sharing giant Uber, an alliance focused on the development of autonomous vehicles.

Once rare, partnerships have become more and more the auto industry norm over the last several decades, especially since Toyota’s closest Japanese rival, Nissan, was bailed out from an all but certain collapse back in 1999, forming what was initial known as the Renault-Nissan Alliance. Mitsubishi has since become the third leg in that stool.

Japan’s number three automaker, Honda, has announced two major alliances with General Motors over the last several years and, as has become the norm, they focus on future technologies including hydrogen fuel cells and autonomous vehicles.

For its part, Toyota long downplayed alliances because it felt it could fund pretty much everything on its own as one of the world’s wealthiest automakers, said Dunne. Its pockets remain deep — it closed the last fiscal year, ending March 31, with net income of 1.88 trillion yen, or $16.98 billion. But that was down 25% from the prior year, and higher spending on the development of future technologies was among the various factors contributing to that decline, the company reported.

So, even with its deep pockets, sharing costs with other automakers is a way “to get the best economies of scale,” said Scott Vazin, the company’s U.S. corporate communications chief.

What’s unusual said Dunne, is the sheer number of alliances Toyota has formed. And from that perspective it is operating “more like the culture of Silicon Valley, in sharp contrast to the narrower approach normally taken by the auto industry. They’re placing multiple bets, expecting some might fail but assuming that some of them will clearly pay off.”


Company: cnbc, Activity: cnbc, Date: 2019-10-17  Authors: paul a eisenstein
Keywords: news, cnbc, companies, automaker, race, toyotas, alliances, subaru, development, alliance, toyota, allies, eyes, competitors, including, technologies, car, electric, industry


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Italy elections look likely as experts cast doubt on a new left-wing alliance

Prime Minister Giuseppe Conte resigned earlier this week as a fragile coalition between the anti-immigration Lega party and the M5S finally cracked. The country’s future is now in the hands of Mattarella who is holding consultations to see whether any parties can form a majority — with an M5S-PD pact looking the most likely at this stage. And analysts have said the chance of that stability may have helped Italian bond yields remain relatively subdued this week, but the country’s debt pile means


Prime Minister Giuseppe Conte resigned earlier this week as a fragile coalition between the anti-immigration Lega party and the M5S finally cracked. The country’s future is now in the hands of Mattarella who is holding consultations to see whether any parties can form a majority — with an M5S-PD pact looking the most likely at this stage. And analysts have said the chance of that stability may have helped Italian bond yields remain relatively subdued this week, but the country’s debt pile means
Italy elections look likely as experts cast doubt on a new left-wing alliance Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-08-23  Authors: willem marx
Keywords: news, cnbc, companies, mattarella, m5s, likely, experts, elections, leftwing, cast, look, parties, minister, relatively, doubt, majority, countrys, party, alliance, remain, week, italy


Italy elections look likely as experts cast doubt on a new left-wing alliance

Italy’s anti-establishment Five Star Movement (M5S) has issued a long wish list of requirements for any new government coalition during talks with President Sergio Mattarella, after the center-left Democratic Party (PD) extended its own set of demands for any tie-up with the populist group it has criticized and bitterly opposed for the best part of a decade.

Prime Minister Giuseppe Conte resigned earlier this week as a fragile coalition between the anti-immigration Lega party and the M5S finally cracked. The country’s future is now in the hands of Mattarella who is holding consultations to see whether any parties can form a majority — with an M5S-PD pact looking the most likely at this stage.

The unlikely alliance would in theory enjoy a relatively comfortable majority in the parliament’s lower house, the Chamber of Deputies, but would rely on a handful of sympathetic but unaligned senators if it were to win votes in the upper legislative chamber.

And analysts have said the chance of that stability may have helped Italian bond yields remain relatively subdued this week, but the country’s debt pile means investment risks remain high ahead of a review of the country’s sovereign debt rating by Moody’s in early September.

“This crisis must be solved with a clear and prompt decision,” Mattarella said after two days of meetings with each of the country’s party leaders. He said this was “necessary for the economic and political uncertainties at the international level,” as global growth falls and geopolitical tensions within and beyond Europe remain elevated.

He has given the two parties until Tuesday to try and formalize an agreement that might allow him to anoint a new prime minister to form a government, and thus prevent fresh elections that would take place less than two years since the last national vote.


Company: cnbc, Activity: cnbc, Date: 2019-08-23  Authors: willem marx
Keywords: news, cnbc, companies, mattarella, m5s, likely, experts, elections, leftwing, cast, look, parties, minister, relatively, doubt, majority, countrys, party, alliance, remain, week, italy


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