Deutsche Bank and Commerzbank go public on merger talks

Deutsche Bank and Commerzbank confirmed on Sunday they were in talks about a merger, prompting labor union concerns about possible job losses and questions from analysts about the merits of a combination. “In light of arising opportunities, the management board of Deutsche Bank has decided to review strategic options,” Deutsche said in its statement. Christian Sewing, Deutsche Bank’s chief executive, told employees that Deutsche still aimed “to remain a global bank with a strong capital markets


Deutsche Bank and Commerzbank confirmed on Sunday they were in talks about a merger, prompting labor union concerns about possible job losses and questions from analysts about the merits of a combination. “In light of arising opportunities, the management board of Deutsche Bank has decided to review strategic options,” Deutsche said in its statement. Christian Sewing, Deutsche Bank’s chief executive, told employees that Deutsche still aimed “to remain a global bank with a strong capital markets
Deutsche Bank and Commerzbank go public on merger talks Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-03-17
Keywords: news, cnbc, companies, global, wants, merger, bank, commerzbank, public, following, deutsche, talks, management, german


Deutsche Bank and Commerzbank go public on merger talks

Deutsche Bank and Commerzbank confirmed on Sunday they were in talks about a merger, prompting labor union concerns about possible job losses and questions from analysts about the merits of a combination.

Germany’s two largest banks issued short statements following separate meetings of their management boards, a person with knowledge of the matter said, indicating a quickening of pace in the merger process, although both also warned that a deal was far from certain.

“In light of arising opportunities, the management board of Deutsche Bank has decided to review strategic options,” Deutsche said in its statement.

Christian Sewing, Deutsche Bank’s chief executive, told employees that Deutsche still aimed “to remain a global bank with a strong capital markets business… with a global network.”

Sewing said many factors could still prevent a merger and a Deutsche spokesman said the talks were expected to last some time. Commerzbank described the outcome as open.

However, formal disclosure of talks appeared to boost the chances of concluding a deal first floated in 2016 before the

banks opted to focus on restructuring.

The German government has pushed for a combination given concerns about the health of Deutsche, which has struggled to generate sustainable profits since the 2008 financial crisis.

The government, which holds a stake of more than 15 percent in Commerzbank following a bailout, wants a national banking champion to support its export-led economy, best known for cars and machine tools.

Berlin also wants to keep Commerzbank’s speciality —the funding of medium-sized companies, the backbone of the economy — in German hands.


Company: cnbc, Activity: cnbc, Date: 2019-03-17
Keywords: news, cnbc, companies, global, wants, merger, bank, commerzbank, public, following, deutsche, talks, management, german


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Stocks making the biggest moves midday: Broadcom, Tesla, Noodles & Co. and more

Check out the companies making headlines midday Friday:Broadcom — Shares of the chipmaker jumped more than 9 percent after the company reported better-than-expected earnings. Ulta Beauty — Shares of the beauty retailer climbed nearly 9 percent after beating Wall Street earnings expectations for the fourth quarter. The beauty retailer reported earnings per share of $3.61 on revenue of $2.12 billion. Noodles & Co. — The fast-casual restaurant chain’s stock dropped more than 14 percent after the co


Check out the companies making headlines midday Friday:Broadcom — Shares of the chipmaker jumped more than 9 percent after the company reported better-than-expected earnings. Ulta Beauty — Shares of the beauty retailer climbed nearly 9 percent after beating Wall Street earnings expectations for the fourth quarter. The beauty retailer reported earnings per share of $3.61 on revenue of $2.12 billion. Noodles & Co. — The fast-casual restaurant chain’s stock dropped more than 14 percent after the co
Stocks making the biggest moves midday: Broadcom, Tesla, Noodles & Co. and more Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-03-15  Authors: fred imbert, michael nagle, bloomberg, getty images
Keywords: news, cnbc, companies, street, noodles, making, share, company, shares, companys, stocks, tesla, moves, quarterly, wall, midday, following, reported, earnings, biggest, broadcom


Stocks making the biggest moves midday: Broadcom, Tesla, Noodles & Co. and more

Check out the companies making headlines midday Friday:

Broadcom — Shares of the chipmaker jumped more than 9 percent after the company reported better-than-expected earnings. Broadcom posted earnings per share of $5.55, while analysts polled by Refnitiv expected a profit of $5.23. The company said its results were impacted by slower demand out of China, but noted much of that was reflected in its quarterly guidance.

AT&T —AT&T shares rose 0.4 percent after Raymond James upgraded the telecom giant to outperform, citing a more attractive valuation relative to rival Verizon. Raymond James also said the stock could outperform the entire telecom sector this year.

Adobe —Adobe shares dipped 5.1 percent as the company’s weak earnings guidance overshadowed its strong quarterly numbers. The company said it expects second-quarter earnings around a median of $1.77 per share, below a Refinitiv estimate of $1.88. Adobe’s fiscal first-quarter earnings topped analyst expectations, however.

Ulta Beauty — Shares of the beauty retailer climbed nearly 9 percent after beating Wall Street earnings expectations for the fourth quarter. The beauty retailer reported earnings per share of $3.61 on revenue of $2.12 billion. Wall Street estimated earnings per share of $3.56 on revenue of $2.11 billion, according to Refinitiv. Ulta’s same-store sales also increased 9.4 percent, compared to an estimated 7.9 percent uptick.

Jabil —Shares of the manufacturing services company rose as much as 2 percent on the back of strong earnings. Jabil reported quarterly earnings of 64 cents per share.

Noodles & Co. — The fast-casual restaurant chain’s stock dropped more than 14 percent after the company reported weaker-than-expected quarterly earnings. Noodles & Co. posted a profit of 1 cent per share, while analysts polled by FactSet had forecast earnings of 2 cents.

Tesla — Tesla shares dropped 4 percent after the company unveiled its Model Y crossover. The electric carmaker’s SUV launch reignited worries for some Wall Street analysts that Tesla would need to raise long-awaited cash later this year. The launch of the electric carmaker’s new SUV comes a few weeks following Tesla’s announcement of cut jobs and store closures to make profits.

Boeing — Shares of Boeing erased losses to trade nearly 3 percent higher after Agence France-Presse reported the company will release a software upgrade for its 737 Max aircraft in the coming weeks. The slight reprieve for the company’s shares comes after a week of turmoil, following global safety concerns of the company’s 737 Max jetliners.

Facebook — Facebook shares fell 3 percent Friday, the day following the resignation of two of its executives — Chris Daniels and Chris Cox — in light of its recent pivot to privacy. The company also received scrutiny related to a terrorist attack in New Zealand in which the shooter live-streamed the attack on the social media site. At least 49 lives have been claimed by the shootings.

—CNBC’s Matt Lavietes contributed to this report.


Company: cnbc, Activity: cnbc, Date: 2019-03-15  Authors: fred imbert, michael nagle, bloomberg, getty images
Keywords: news, cnbc, companies, street, noodles, making, share, company, shares, companys, stocks, tesla, moves, quarterly, wall, midday, following, reported, earnings, biggest, broadcom


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Stocks making the biggest moves after hours: Ulta Beauty, Broadcom, Facebook and more

Check out the companies making headlines after the bell:Shares of Ulta Beauty jumped more than 4 percent in extended trading Thursday following the release of the beauty company’s better-than-expected fourth-quarter earnings. Wall Street estimated earnings per share of $3.56 on revenues of $2.11 billion, according to Refinitiv. Broadcom shares rose as much as 5 percent after hours Thursday following mixed first-quarter earnings. Broadcom gave full year guidance in line with estimates: $24.5 bill


Check out the companies making headlines after the bell:Shares of Ulta Beauty jumped more than 4 percent in extended trading Thursday following the release of the beauty company’s better-than-expected fourth-quarter earnings. Wall Street estimated earnings per share of $3.56 on revenues of $2.11 billion, according to Refinitiv. Broadcom shares rose as much as 5 percent after hours Thursday following mixed first-quarter earnings. Broadcom gave full year guidance in line with estimates: $24.5 bill
Stocks making the biggest moves after hours: Ulta Beauty, Broadcom, Facebook and more Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-03-14  Authors: maggie fitzgerald, waverly colville, gilbert carrasquillo, getty images
Keywords: news, cnbc, companies, estimates, ulta, trading, making, hours, stocks, moves, broadcom, beauty, earnings, billion, share, shares, secondquarter, biggest, facebook, following, revenues, cents


Stocks making the biggest moves after hours: Ulta Beauty, Broadcom, Facebook and more

Check out the companies making headlines after the bell:

Shares of Ulta Beauty jumped more than 4 percent in extended trading Thursday following the release of the beauty company’s better-than-expected fourth-quarter earnings. Ulta reported earnings per share of $3.61 on revenues of $2.12 billion. Wall Street estimated earnings per share of $3.56 on revenues of $2.11 billion, according to Refinitiv.

Ulta’s same store sales increased 9.4 percent, compared to the estimated increase of 7.9 percent.

Broadcom shares rose as much as 5 percent after hours Thursday following mixed first-quarter earnings. The semiconductor company posted $5.79 billion in revenue, missing estimates surveyed by Refinitiv of $5.82 billion. Earnings per share were $5.55, beating the $5.23 forecast by analysts.

“Similar to our peers, we see a slowdown in China impacting demand. However, much of this was factored into our original guidance and we are maintaining our full year fiscal 2019 business outlook,” said President and CEO of Broadcom Hock Tan.

Broadcom gave full year guidance in line with estimates: $24.5 billion, vs. the $24.3 billion estimated.

Shares of Facebook ticked two percent lower after hours on news that two of the company’s executives, Chief Product Officer Chris Cox and WhatsApp Vice President Chris Daniels, are leaving.

Shares of Adobe ticked lower in extended trading Thursday after the computer software company issued weak second-quarter outlook, despite strong first-quarter earnings. Adobe posted adjusted earnings per share of $1.71 on revenues of $2.60 billion. Wall Street estimated earnings per share of $1.62 on revenues of $2.55 billion, according to Refinitv.

Adobe issued weak second-quarter guidance: earnings per share of $1.77, compared to the $1.88 expected by analysts.

Oracle shares rose slightly but later turned negative after market close Thursday following better-than-expected third-quarter earnings. Beating on the top and bottom lines, the computer software company posted earnings per share of 87 cents, topping Refinitiv estimates by 3 cents. Revenue was $9.62 billion, beating the forecast $9.59 billion.

Jabil shares moved 2 percent higher after hours before trading flat Thursday following the manufacturing services company’s mixed second-quarter earnings. Jabil reported revenues of $6.07 billion, missing estimates of $6.08 billion. Earnings per share were 64 cents, higher than the expected 61 cents.


Company: cnbc, Activity: cnbc, Date: 2019-03-14  Authors: maggie fitzgerald, waverly colville, gilbert carrasquillo, getty images
Keywords: news, cnbc, companies, estimates, ulta, trading, making, hours, stocks, moves, broadcom, beauty, earnings, billion, share, shares, secondquarter, biggest, facebook, following, revenues, cents


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Cramer: Following these 6 stocks will help you predict which way the market is going

Following these 6 stocks will help you predict which direction the market is blowing: Cramer 8 Hours Ago | 01:01There are a handful of stocks that can give investors early indications about what to expect of the market in coming days, CNBC’s Jim Cramer said Thursday. As selling continues and major U.S. indexes take on a “bearish malaise,” the “Mad Money” host revealed a technique that he developed during his time at Goldman Sachs that helped him forecast which way the wind will blow. The major i


Following these 6 stocks will help you predict which direction the market is blowing: Cramer 8 Hours Ago | 01:01There are a handful of stocks that can give investors early indications about what to expect of the market in coming days, CNBC’s Jim Cramer said Thursday. As selling continues and major U.S. indexes take on a “bearish malaise,” the “Mad Money” host revealed a technique that he developed during his time at Goldman Sachs that helped him forecast which way the wind will blow. The major i
Cramer: Following these 6 stocks will help you predict which way the market is going Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-03-07  Authors: tyler clifford
Keywords: news, cnbc, companies, help, indexes, goldman, following, going, major, sachs, yetcramer, action, market, workday, way, stocks, cramer, predict


Cramer: Following these 6 stocks will help you predict which way the market is going

Following these 6 stocks will help you predict which direction the market is blowing: Cramer 8 Hours Ago | 01:01

There are a handful of stocks that can give investors early indications about what to expect of the market in coming days, CNBC’s Jim Cramer said Thursday.

As selling continues and major U.S. indexes take on a “bearish malaise,” the “Mad Money” host revealed a technique that he developed during his time at Goldman Sachs that helped him forecast which way the wind will blow.

The major indexes continued sliding on Thursday. The Dow Jones Industrial Average shed more than 200 points, while the S&P 500 and Nasdaq lost 0.81 percent and 1.13 percent, respectively.

“You need to have the prices and charts of just a half-dozen stocks that … give you the feel and they tell you the tale of the tape in this market because the action in these names will give you a sense of when the averages are ready to turn,” Cramer said. “We had a lot of positive action today, believe it or not, but it may not be there yet.”

Cramer went on to explain why FedEx, Micron, Workday, Goldman Sachs, CVS, and Facebook can give “a good read on the situation.”


Company: cnbc, Activity: cnbc, Date: 2019-03-07  Authors: tyler clifford
Keywords: news, cnbc, companies, help, indexes, goldman, following, going, major, sachs, yetcramer, action, market, workday, way, stocks, cramer, predict


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Cramer: Following these 6 stocks will help you predict which way the market is going

Following these 6 stocks will help you predict which direction the market is blowing: Cramer 9 Hours Ago | 01:01There are a handful of stocks that can give investors early indications about what to expect of the market in coming days, CNBC’s Jim Cramer said Thursday. As selling continues and major U.S. indexes take on a “bearish malaise,” the “Mad Money” host revealed a technique that he developed during his time at Goldman Sachs that helped him forecast which way the wind will blow. The major i


Following these 6 stocks will help you predict which direction the market is blowing: Cramer 9 Hours Ago | 01:01There are a handful of stocks that can give investors early indications about what to expect of the market in coming days, CNBC’s Jim Cramer said Thursday. As selling continues and major U.S. indexes take on a “bearish malaise,” the “Mad Money” host revealed a technique that he developed during his time at Goldman Sachs that helped him forecast which way the wind will blow. The major i
Cramer: Following these 6 stocks will help you predict which way the market is going Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-03-07  Authors: tyler clifford
Keywords: news, cnbc, companies, help, indexes, goldman, following, going, major, sachs, yetcramer, action, market, workday, way, stocks, cramer, predict


Cramer: Following these 6 stocks will help you predict which way the market is going

Following these 6 stocks will help you predict which direction the market is blowing: Cramer 9 Hours Ago | 01:01

There are a handful of stocks that can give investors early indications about what to expect of the market in coming days, CNBC’s Jim Cramer said Thursday.

As selling continues and major U.S. indexes take on a “bearish malaise,” the “Mad Money” host revealed a technique that he developed during his time at Goldman Sachs that helped him forecast which way the wind will blow.

The major indexes continued sliding on Thursday. The Dow Jones Industrial Average shed more than 200 points, while the S&P 500 and Nasdaq lost 0.81 percent and 1.13 percent, respectively.

“You need to have the prices and charts of just a half-dozen stocks that … give you the feel and they tell you the tale of the tape in this market because the action in these names will give you a sense of when the averages are ready to turn,” Cramer said. “We had a lot of positive action today, believe it or not, but it may not be there yet.”

Cramer went on to explain why FedEx, Micron, Workday, Goldman Sachs, CVS, and Facebook can give “a good read on the situation.”


Company: cnbc, Activity: cnbc, Date: 2019-03-07  Authors: tyler clifford
Keywords: news, cnbc, companies, help, indexes, goldman, following, going, major, sachs, yetcramer, action, market, workday, way, stocks, cramer, predict


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US futures slip following earlier halt on the CME

U.S. futures pointed to declines for stocks on Wall Street at Wednesday’s open. The futures contracts for U.S. stock markets, Treasurys and commodities resumed trade on Tuesday evening stateside after being halted for several hours earlier due to a technical fault at CME Group. Stock market futures stateside were largely tepid following the resumption of trading. CME Group said in a tweet on its official account that the halt on all CME Globex markets was due to “technical issues,” referring to


U.S. futures pointed to declines for stocks on Wall Street at Wednesday’s open. The futures contracts for U.S. stock markets, Treasurys and commodities resumed trade on Tuesday evening stateside after being halted for several hours earlier due to a technical fault at CME Group. Stock market futures stateside were largely tepid following the resumption of trading. CME Group said in a tweet on its official account that the halt on all CME Globex markets was due to “technical issues,” referring to
US futures slip following earlier halt on the CME Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-27  Authors: eustance huang
Keywords: news, cnbc, companies, trade, following, halt, trading, worth, wall, cme, market, slip, vietnamese, markets, testimony, earlier, wednesdays, futures


US futures slip following earlier halt on the CME

U.S. futures pointed to declines for stocks on Wall Street at Wednesday’s open.

The futures contracts for U.S. stock markets, Treasurys and commodities resumed trade on Tuesday evening stateside after being halted for several hours earlier due to a technical fault at CME Group.

Stock market futures stateside were largely tepid following the resumption of trading. Dow Jones Industrial Average futures slipped 52 points as of 2:35 a.m. ET Wednesday, implying an opening decline of 65.98 points for the index at Wednesday’s open. S&P 500 and Nasdaq 100 futures also pointed to declines at the open.

CME Group said in a tweet on its official account that the halt on all CME Globex markets was due to “technical issues,” referring to the main market for trading U.S. futures overnight.

CME Globex markets resumed trading at 9:45 p.m. CT Tuesday (10:45 p.m. ET).

Shares on Wall Street slipped during Tuesday’s trading session amid disappointing earnings, mixed U.S. economic data as well as a testimony from Fed Chair Jerome Powell.

Powell delivered his testimony to a U.S. Senate committee on Tuesday, noting that the U.S. economic outlook was “generally favorable” but warned of headwinds from overseas. China and Europe were particular areas of concern, he said, adding that the Fed was watching how Brexit negotiations and trade talks play out.

“Fed chair Jerome Powell stuck to the ‘cautious’ script in his testimony to the Senate yesterday,” Robert Carnell, head of research in Asia Pacific for ING Bank, said in a note.

“He struck a solidly neutral tone, in contrast with the market view that sees the (Federal Open Market Committee’s) next move as downwards,” Carnell said.

On the geopolitical front, President Donald Trump and North Korean leader Kim Jong Un are meeting Wednesday in Vietnam for the second time in less than a year.

Trump and his Vietnamese counterpart Nguyen Phu Trong on Wednesday presided over the signing of several trade deals in Hanoi. They include agreements to sell the Southeast Asian nation Boeing planes worth billions of dollars. Vietnamese carriers VietJet and Bamboo Airways inked deaks worth more than $15 billionwith Boeing to purchase 110 planes.

— CNBC’s Jeff Cox and AP contributed to this report.


Company: cnbc, Activity: cnbc, Date: 2019-02-27  Authors: eustance huang
Keywords: news, cnbc, companies, trade, following, halt, trading, worth, wall, cme, market, slip, vietnamese, markets, testimony, earlier, wednesdays, futures


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Amazon names former Pepsi CEO Indra Nooyi as new board member

Amazon announced on Thursday that former Pepsi CEO Indra Nooyi has been named to the company’s board of directors. Nooyi becomes the fifth female member of Amazon’s 11-person board, following the appointment of Starbucks COO Rosalind Brewer as a board member earlier this month. Last year, Amazon pledged to include women and minority candidates in its board search, following shareholder complaints about the company’s lack of diversity. Nooyi served as Pepsi CEO from 2006 to 2018, and remained cha


Amazon announced on Thursday that former Pepsi CEO Indra Nooyi has been named to the company’s board of directors. Nooyi becomes the fifth female member of Amazon’s 11-person board, following the appointment of Starbucks COO Rosalind Brewer as a board member earlier this month. Last year, Amazon pledged to include women and minority candidates in its board search, following shareholder complaints about the company’s lack of diversity. Nooyi served as Pepsi CEO from 2006 to 2018, and remained cha
Amazon names former Pepsi CEO Indra Nooyi as new board member Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-25  Authors: eugene kim, adam jeffery
Keywords: news, cnbc, companies, amazon, shares, indra, names, pepsi, following, board, member, companys, nooyi, coo, ceo


Amazon names former Pepsi CEO Indra Nooyi as new board member

Amazon announced on Thursday that former Pepsi CEO Indra Nooyi has been named to the company’s board of directors. She will also join the Audit Committee of the Board, according to the company’s regulatory filing.

Nooyi becomes the fifth female member of Amazon’s 11-person board, following the appointment of Starbucks COO Rosalind Brewer as a board member earlier this month.

Last year, Amazon pledged to include women and minority candidates in its board search, following shareholder complaints about the company’s lack of diversity.

Nooyi served as Pepsi CEO from 2006 to 2018, and remained chairman until she stepped down from that role on Feb. 1.

Nooyi was awarded 549 shares of common stock as part of her appointment, which will vest in three equal annual installments beginning on May 15, 2020. Amazon shares closed at $1,633 per share on Monday.

Here’s the full list of Amazon’s board of directors:

Jeff Bezos (Amazon CEO and Chairman)

Tom Alberg (Founder of Madrona Venture Group)

Rosalind Brewer (COO of Starbucks)

Jamie Gorelick (Former U.S. Deputy Attorney General and vice chair of Fannie Mae)

Daniel Huttenlocher (Founding Dean of Cornell Tech)

Judith McGrath (Former CEO of MTV Networks)

Jonathan Rubinstein (Former Apple executive and Palm CEO)

Thomas Ryder (Former CEO of The Reader’s Digest Association)

Patricia Stonesifer (CEO of Martha’s Table)

Wendell Weeks (CEO of Corning)

Indra Nooyi (Former CEO of Pepsi)

WATCH:Jeff Bezos is so much bigger than Amazon — a look at his extraordinary empire


Company: cnbc, Activity: cnbc, Date: 2019-02-25  Authors: eugene kim, adam jeffery
Keywords: news, cnbc, companies, amazon, shares, indra, names, pepsi, following, board, member, companys, nooyi, coo, ceo


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Mark Cuban, Scott Galloway, Mike Rowe all agree ‘following your passion’ is totally bogus advice

“You’ve got to find what you love. And that is as true for your work as it is for your lovers. “And the only way to do great work is to love what you do,” he continued. As with all matters of the heart, you’ll know when you find it. And, like any great relationship, it just gets better and better as the years roll on.


“You’ve got to find what you love. And that is as true for your work as it is for your lovers. “And the only way to do great work is to love what you do,” he continued. As with all matters of the heart, you’ll know when you find it. And, like any great relationship, it just gets better and better as the years roll on.
Mark Cuban, Scott Galloway, Mike Rowe all agree ‘following your passion’ is totally bogus advice Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-22  Authors: catherine clifford, brian snyder
Keywords: news, cnbc, companies, way, youve, better, following, scott, truly, galloway, totally, youll, rowe, love, cuban, mark, mike, work, bogus, great, looking, passion, dont


Mark Cuban, Scott Galloway, Mike Rowe all agree 'following your passion' is totally bogus advice

“You’ve got to find what you love. And that is as true for your work as it is for your lovers. Your work is going to fill a large part of your life, and the only way to be truly satisfied is to do what you believe is great work,” Steve Jobs, the iconic co-founder of Apple, in his commencement address to Stanford in 2005.

“And the only way to do great work is to love what you do,” he continued. “If you haven’t found it yet, keep looking. Don’t settle. As with all matters of the heart, you’ll know when you find it. And, like any great relationship, it just gets better and better as the years roll on. So keep looking until you find it. Don’t settle.”

It’s compelling advice from an absolutely legendary entrepreneur and businessman.


Company: cnbc, Activity: cnbc, Date: 2019-02-22  Authors: catherine clifford, brian snyder
Keywords: news, cnbc, companies, way, youve, better, following, scott, truly, galloway, totally, youll, rowe, love, cuban, mark, mike, work, bogus, great, looking, passion, dont


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‘Empire’ producers remove Jussie Smollett from final two episodes of season following charges

Producers of the 20th Century Fox Television show “Empire” decided Friday to remove actor Jussie Smollett from the final two episodes of the latest season following the actor’s arrest. “The events of the past few weeks have been incredibly emotional for all of us,” the executive producers of “Empire” said in a joint statement Friday. “Jussie has been an important member of our ‘Empire’ family for the past five years and we care about him deeply. Smollett told police in January that he was attack


Producers of the 20th Century Fox Television show “Empire” decided Friday to remove actor Jussie Smollett from the final two episodes of the latest season following the actor’s arrest. “The events of the past few weeks have been incredibly emotional for all of us,” the executive producers of “Empire” said in a joint statement Friday. “Jussie has been an important member of our ‘Empire’ family for the past five years and we care about him deeply. Smollett told police in January that he was attack
‘Empire’ producers remove Jussie Smollett from final two episodes of season following charges Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-22  Authors: sarah whitten, tasos katopodis, getty images
Keywords: news, cnbc, companies, final, following, producers, remove, smollett, actor, jussie, episode, episodes, racist, charges, season, told, empire, osundairo


'Empire' producers remove Jussie Smollett from final two episodes of season following charges

Producers of the 20th Century Fox Television show “Empire” decided Friday to remove actor Jussie Smollett from the final two episodes of the latest season following the actor’s arrest.

“The events of the past few weeks have been incredibly emotional for all of us,” the executive producers of “Empire” said in a joint statement Friday.

“Jussie has been an important member of our ‘Empire’ family for the past five years and we care about him deeply. While these allegations are very disturbing, we are placing our trust in the legal system as the process plays out,” they said. “We are also aware of the effects of this process on the cast and crew members who work on our show and to avoid further disruption on set, we have decided to remove the role of ‘Jamal’ from the final two episodes of the season.”

The actor was charged Thursday on the suspicion of filing a false police report claiming to have been the victim of a hate crime.

Smollett told police in January that he was attacked by two masked men as he was walking home around 2 a.m. The actor, who is black and gay, said he was beaten, had racist and homophobic comments shouted at him, had a chemical substance poured on him and a rope was looped around his neck before the attackers fled.

Brothers Ola and Abel Osundairo were arrested last week for allegedly being connected to the attack. They were later released without charges. Ola Osundairo appeared in season two of “Empire.” The Osundairo brothers told police that Smollett wrote them a check for $3,500 to carry out the attack.

The police superintendent told reporters the brothers wore gloves during the incident and “punched him a little bit.” He said he believes the scratches and bruises on Smollett’s face were “most likely self-inflicted.”

Chicago police said Smollett had sent a threatening racist and homophobic letter to himself at the Fox studio lot before the purported attack, noting that the actor had been dissatisfied with his salary.

Smollett was paid $65,000 per episode for co-starring in the series, according to HuffPost.

On Thursday, Warner Bros.-owned TNT pulled an episode of “Drop the Mic” that featured Smollet, according to Jensen Karp, the executive producer and head writer of the show. Karp tweeted that the episode would no longer be airing. It had been scheduled to air March 6.


Company: cnbc, Activity: cnbc, Date: 2019-02-22  Authors: sarah whitten, tasos katopodis, getty images
Keywords: news, cnbc, companies, final, following, producers, remove, smollett, actor, jussie, episode, episodes, racist, charges, season, told, empire, osundairo


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How Peloton exercise bikes became a $4 billion fitness start-up with a cult following

“When you think about these game-changer companies who have this focus on user experience, that is where we looked for inspiration.” In particular, Peloton’s instructors are part of the secret sauce. Indeed, popular instructors like Arzon are one of the main draws, as evidenced by her the nearly 200,000 people who follow her on Instagram. Arzon is known for her high energy, motivational style and her catch phrase, “sweat with swagger,” which is also the name of the tribe of Peloton users who spe


“When you think about these game-changer companies who have this focus on user experience, that is where we looked for inspiration.” In particular, Peloton’s instructors are part of the secret sauce. Indeed, popular instructors like Arzon are one of the main draws, as evidenced by her the nearly 200,000 people who follow her on Instagram. Arzon is known for her high energy, motivational style and her catch phrase, “sweat with swagger,” which is also the name of the tribe of Peloton users who spe
How Peloton exercise bikes became a $4 billion fitness start-up with a cult following Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-12  Authors: tom huddleston jr, source
Keywords: news, cnbc, companies, fitness, cult, pelotons, team, billion, bikes, classes, way, sort, exercise, startup, peloton, following, tells, instructors, talk


How Peloton exercise bikes became a $4 billion fitness start-up with a cult following

If you ask Peloton’s founders, it’s actually a media-technology-retail-logistics company. In fact it’s been dubbed the “Apple of fitness,” but it could also be compared to Amazon, for the way it aims to control every aspect of your workout, from designing and building the bike or treadmill you’re using to training the instructors encouraging you to pick up the pace and even the music playing in the background. Not to mention creating its own content and designing and building the hardware and software that lets you stream those fitness classes on a tablet affixed to a machine that was delivered to your home by Peloton’s own “dedicated team of professionals.”

“We did talk a lot about Apple early on, and we talk about Netflix and Amazon,” Tom Cortese, one of Peloton’s five co-founders and COO, tells CNBC Make It. “When you think about these game-changer companies who have this focus on user experience, that is where we looked for inspiration.”

He says the co-founders realized “we just had to touch so many different areas.”

“All of that is part of this, sort of, holistic member experience that our people have come to love, and that is such a core part of what we do and what makes Peloton special.”

In particular, Peloton’s instructors are part of the secret sauce.

“The way that Peloton has built their instructors into their brand, with many of their instructors achieving a sort of cult status among the Peloton following, I’d say is definitely one of their biggest advantages over alternative at-home fitness equipment and gym and cycling classes,” Marisa Lifschutz, lead industry analyst at research firm IBISWorld, tells CNBC Make It.

Indeed, popular instructors like Arzon are one of the main draws, as evidenced by her the nearly 200,000 people who follow her on Instagram. Arzon is known for her high energy, motivational style and her catch phrase, “sweat with swagger,” which is also the name of the tribe of Peloton users who specifically follow her classes. She calls Peloton’s group of instructors “a team of superheroes” whose job it is to inspire and lead the community.


Company: cnbc, Activity: cnbc, Date: 2019-02-12  Authors: tom huddleston jr, source
Keywords: news, cnbc, companies, fitness, cult, pelotons, team, billion, bikes, classes, way, sort, exercise, startup, peloton, following, tells, instructors, talk


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