Booking Holdings becomes the latest company to abandon Facebook’s libra

Hold the ‘champagne’: What Chinese state media are saying about…”The Champagne should probably be kept on ice, at least until the two presidents put pen to paper,” said state-owned media China Daily. Traderead more


Hold the ‘champagne’: What Chinese state media are saying about…”The Champagne should probably be kept on ice, at least until the two presidents put pen to paper,” said state-owned media China Daily. Traderead more
Booking Holdings becomes the latest company to abandon Facebook’s libra Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-10-14  Authors: annie palmer
Keywords: news, cnbc, companies, abandon, state, champagne, booking, stateowned, saying, kept, facebooks, paper, media, libra, holdings, presidents, latest, company, probably, pen


Booking Holdings becomes the latest company to abandon Facebook's libra

Hold the ‘champagne’: What Chinese state media are saying about…

“The Champagne should probably be kept on ice, at least until the two presidents put pen to paper,” said state-owned media China Daily.

Trade

read more


Company: cnbc, Activity: cnbc, Date: 2019-10-14  Authors: annie palmer
Keywords: news, cnbc, companies, abandon, state, champagne, booking, stateowned, saying, kept, facebooks, paper, media, libra, holdings, presidents, latest, company, probably, pen


Home Forums

    • Forum
    • Topics
    • Posts
    • Last Post

GM says its latest contract offer to UAW is ‘mutually beneficial’

DETROIT – General Motors said its most recent proposal to the United Auto Workers is mutually beneficial for both sides. “Our offer builds on the winning formula we have all benefited from over the past several years,” he wrote. Since that offer, Johnson says GM has “done even more to address the issues the UAW has brought forward.” “That’s why before the contract deadline, we made an offer that we felt was strong. And since that offer, we’ve done even more to address the issues the UAW has brou


DETROIT – General Motors said its most recent proposal to the United Auto Workers is mutually beneficial for both sides. “Our offer builds on the winning formula we have all benefited from over the past several years,” he wrote. Since that offer, Johnson says GM has “done even more to address the issues the UAW has brought forward.” “That’s why before the contract deadline, we made an offer that we felt was strong. And since that offer, we’ve done even more to address the issues the UAW has brou
GM says its latest contract offer to UAW is ‘mutually beneficial’ Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-10-11  Authors: michael wayland
Keywords: news, cnbc, companies, uaws, workers, contract, motors, union, offer, mutually, strike, latest, uaw, beneficial, proposal, johnson


GM says its latest contract offer to UAW is 'mutually beneficial'

DETROIT – General Motors said its most recent proposal to the United Auto Workers is mutually beneficial for both sides.

In a message to hourly and salaried employees Friday, GM Executive Vice President of Global Manufacturing Gerald Johnson says the proposal sent Monday to the union addresses the UAW’s top concerns, including preserving health care costs and a “clear path” for temporary workers to reach permanent employment.

“Our offer builds on the winning formula we have all benefited from over the past several years,” he wrote. “We remain focused on building a stronger future for everyone.”

The offer, he said, also “commits to thousands of new jobs right here in the U.S. and billions of dollars in new investments.”

Johnson did not include specifics of the deal, however an offer GM submitted to the union before the strike began included more than $7 billion in new investments and more than 5,400 new or retained jobs.

Since that offer, Johnson says GM has “done even more to address the issues the UAW has brought forward.” GM, according to Johnson, has told the union that “it’s critical” the sides come to a resolution to end the UAW’s strike, which is now in its 26th day.

“From the outset, General Motors has been committed to an agreement that is fair and worthy of our team members’ support,” he said. “That’s why before the contract deadline, we made an offer that we felt was strong. And since that offer, we’ve done even more to address the issues the UAW has brought forward.”


Company: cnbc, Activity: cnbc, Date: 2019-10-11  Authors: michael wayland
Keywords: news, cnbc, companies, uaws, workers, contract, motors, union, offer, mutually, strike, latest, uaw, beneficial, proposal, johnson


Home Forums

    • Forum
    • Topics
    • Posts
    • Last Post

Pound posts best 2-day gain in a decade amid Brexit progress

Pound posts best 2-day gain in a decade amid Brexit progress5 Hours AgoCNBC’s Wilfred Frost reports the latest in the Brexit discussions.


Pound posts best 2-day gain in a decade amid Brexit progress5 Hours AgoCNBC’s Wilfred Frost reports the latest in the Brexit discussions.
Pound posts best 2-day gain in a decade amid Brexit progress Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-10-11
Keywords: news, cnbc, companies, wilfred, reports, progress5, frost, gain, progress, brexit, 2day, pound, decade, amid, best, hours, posts, latest


Pound posts best 2-day gain in a decade amid Brexit progress

Pound posts best 2-day gain in a decade amid Brexit progress

5 Hours Ago

CNBC’s Wilfred Frost reports the latest in the Brexit discussions.


Company: cnbc, Activity: cnbc, Date: 2019-10-11
Keywords: news, cnbc, companies, wilfred, reports, progress5, frost, gain, progress, brexit, 2day, pound, decade, amid, best, hours, posts, latest


Home Forums

    • Forum
    • Topics
    • Posts
    • Last Post

United Auto Workers says it has countered General Motors’ latest offer

General Motors assembly workers picket outside the General Motors Bowling Green plant during the United Auto Workers national strike in Bowling Green, Kentucky, October 10, 2019. The United Auto Workers union said on Friday that it had countered General Motors’ latest offer and “if GM accepts and agrees to this group of proposals, we will have a tentative agreement.” As part of its revised offer, GM boosted the amount it plans to invest in the United States to about $9 billion from its previous


General Motors assembly workers picket outside the General Motors Bowling Green plant during the United Auto Workers national strike in Bowling Green, Kentucky, October 10, 2019. The United Auto Workers union said on Friday that it had countered General Motors’ latest offer and “if GM accepts and agrees to this group of proposals, we will have a tentative agreement.” As part of its revised offer, GM boosted the amount it plans to invest in the United States to about $9 billion from its previous
United Auto Workers says it has countered General Motors’ latest offer Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-10-11  Authors: michael wayland riya bhattacharjee, michael wayland, riya bhattacharjee
Keywords: news, cnbc, companies, union, offer, latest, auto, united, uaw, negotiations, letter, sandefur, workers, motors, dittes, general, countered


United Auto Workers says it has countered General Motors' latest offer

General Motors assembly workers picket outside the General Motors Bowling Green plant during the United Auto Workers national strike in Bowling Green, Kentucky, October 10, 2019.

The United Auto Workers union said on Friday that it had countered General Motors’ latest offer and “if GM accepts and agrees to this group of proposals, we will have a tentative agreement.”

In a letter to union members, UAW Vice President Terry Dittes, who oversees the union’s GM department, said that negotiations will continue over the weekend to reach a tentative agreement.

“Brothers and Sisters, your support and perseverance has provided this entire bargaining team the energy to keep pushing and fighting for you, your families, your communities and all the working men and women in this country,” Dittes said.

General Motors urged UAW Thursday to agree to “around-the-clock” bargaining in an attempt to reach a tentative agreement and potentially end the union’s strike against the automaker, which is now in its 26th day.

In a Thursday letter obtained by CNBC, GM Vice President of North America – Labor Relations Scott Sandefur criticized the union for not promptly responding to a Monday offer from the company. He also encouraged the union to “engage in bargaining over all issues around-the-clock to get an agreement.”

“Your members and our employees’ lives are being disrupted, and they deserve our commitment to getting any remaining issues resolved as quickly as possible,” Sandefur wrote to Dittes.

Sandefur, in the letter, said the company has repeatedly urged the UAW to participate in “around-the-clock” bargaining. Since the strike began Sept. 16, negotiations have been ongoing but have mainly ended in the early-evening.

Sandefur’s letter follows another message obtained by CNBC from Dittes to Sandefur that discussed a Wednesday meeting between the union and company that included UAW President Gary Jones and GM CEO and Chairman Mary Barra, among others.

Barra, according to two people familiar with the negotiations, has been “involved” in the talks. One source said she has allowed Sandefur and others to lead the day-to-day negotiations. The Wednesday meeting is the first Barra has attended with the union leaders.

As part of its revised offer, GM boosted the amount it plans to invest in the United States to about $9 billion from its previous offer of $7 billion, a source familiar with the offer said.

Of the new total, $7.7 billion would be invested directly in GM plants, with the rest going to joint ventures including a potential battery plant near the Lordstown, Ohio, factory that has been idled, the source said.

GM stock closed up 2.6% at $35.57 on Friday.

The company said the offer also includes increased compensation through wages and one-time payments, preserving industry-leading healthcare benefits without increasing workers’ costs, enhanced profit sharing with unlimited upside and a higher ratification bonus than the $8,000 previously offered.

For temporary workers, GM said its offer would create a path to permanent employment and include a ratification bonus.

Read the full letter from Terry Dittes to union members on Friday below:


Company: cnbc, Activity: cnbc, Date: 2019-10-11  Authors: michael wayland riya bhattacharjee, michael wayland, riya bhattacharjee
Keywords: news, cnbc, companies, union, offer, latest, auto, united, uaw, negotiations, letter, sandefur, workers, motors, dittes, general, countered


Home Forums

    • Forum
    • Topics
    • Posts
    • Last Post

Puma teams up with Cloud9, becoming the latest sports apparel brand to join the esports trend

The German sneaker maker announced a multiyear partnership with esports brand Cloud9 to create an apparel collection for gamers. In January, Puma inked a sponsorship deal with Cloud9 to provide official game day shirts and pants for league players. Nike and Adidas have also partnered with esport brands, while Hanesbrands’ Champion and K-Swissesport sell esports apparel and sneakers, respectively. Esports – or electronic sports – is a form of gaming where people or organized teams compete at vide


The German sneaker maker announced a multiyear partnership with esports brand Cloud9 to create an apparel collection for gamers. In January, Puma inked a sponsorship deal with Cloud9 to provide official game day shirts and pants for league players. Nike and Adidas have also partnered with esport brands, while Hanesbrands’ Champion and K-Swissesport sell esports apparel and sneakers, respectively. Esports – or electronic sports – is a form of gaming where people or organized teams compete at vide
Puma teams up with Cloud9, becoming the latest sports apparel brand to join the esports trend Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-10-10  Authors: frank holland fahiemah al-ali, frank holland, fahiemah al-ali
Keywords: news, cnbc, companies, esports, trend, cloud9, teams, brand, join, latest, puma, apparel, global, adidas, players, company, partnership


Puma teams up with Cloud9, becoming the latest sports apparel brand to join the esports trend

Puma is trying to find a cheat code to boost its already fast-growing sales.

The German sneaker maker announced a multiyear partnership with esports brand Cloud9 to create an apparel collection for gamers. The clothing will sell for $25 to $75 and be available for purchase on the websites of both companies.

In January, Puma inked a sponsorship deal with Cloud9 to provide official game day shirts and pants for league players. It’s similar to the uniform sponsorship or “kit deal” Puma has with Manchester City in the English Premier League.

Nike and Adidas have also partnered with esport brands, while Hanesbrands’ Champion and K-Swissesport sell esports apparel and sneakers, respectively.

Esports – or electronic sports – is a form of gaming where people or organized teams compete at video games. Esports is growing in popularity globally as a spectator sport online and in person at stadiums.

According to Morgan Stanley, 194 million people are expected to watch esports this year and they’re within a key demographic: 79% are under the age of 35 years old.

“Tapping into the world of esports, and its broad, dynamic consumer audience, is critical to our marketing strategy moving forward,” said Adam Petrick, global director of brand and marketing at Puma.

“Being able to transcend esports and elevate our brand within a broader global audience is the natural evolution of the growth of Cloud9,” added Jordan Udko, executive vice president, commercial partnerships for Cloud9.

Puma is actively working to reshape its brand image. The company re-entered the basketball sneaker segment last October after a 20-year absence in the space, naming hip-hop mogul Jay-Z the creative director for Puma Basketball. It’s also taken a page from Adidas’ lucrative partnership with Kanye West, by offering products in partnership with celebrities like Rihanna, Adriana Lima and Selena Gomez, in addition to sponsoring sports stars like Olympian Usain Bolt and golfer Rickie Fowler.

But the effort to capture consumers interested in esports to buy sneakers and apparel may be difficult for Puma and others, according to Matt Powell, a senior industry analyst for market researcher NPD Group.

“It’s really going to be interesting to see if anyone can monetize it,” Powell said. “There is an opportunity for a connection. Players want to identify themselves as players. If this is how they choose to do it, there is a monetary opportunity. Whether the esports player is focused on that as much as the real sports player remains to be seen.”

Puma’s global sales improved 16.8% in the first half of the year, and according the company, its U.S. sales are growing by 18%, the biggest gain by a top 10 sportswear company in the U.S.

Puma stock is also outperforming Adidas. Both trade on the Frankfurt exchange.


Company: cnbc, Activity: cnbc, Date: 2019-10-10  Authors: frank holland fahiemah al-ali, frank holland, fahiemah al-ali
Keywords: news, cnbc, companies, esports, trend, cloud9, teams, brand, join, latest, puma, apparel, global, adidas, players, company, partnership


Home Forums

    • Forum
    • Topics
    • Posts
    • Last Post

Malaysia probing 80 individuals, companies in 1MDB case

Close the trade deal and move on to broader US-China relationsThe latest data on U.S.-China trade indicate that Beijing is not doing what it should to reduce its excessive surpluses by buying more American products, writes Dr Michael…World Economyread more


Close the trade deal and move on to broader US-China relationsThe latest data on U.S.-China trade indicate that Beijing is not doing what it should to reduce its excessive surpluses by buying more American products, writes Dr Michael…World Economyread more
Malaysia probing 80 individuals, companies in 1MDB case Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-10-07
Keywords: news, cnbc, companies, latest, uschina, writes, relationsthe, companies, case, trade, 1mdb, reduce, individuals, michaelworld, probing, indicate, products, surpluses, malaysia


Malaysia probing 80 individuals, companies in 1MDB case

Close the trade deal and move on to broader US-China relations

The latest data on U.S.-China trade indicate that Beijing is not doing what it should to reduce its excessive surpluses by buying more American products, writes Dr Michael…

World Economy

read more


Company: cnbc, Activity: cnbc, Date: 2019-10-07
Keywords: news, cnbc, companies, latest, uschina, writes, relationsthe, companies, case, trade, 1mdb, reduce, individuals, michaelworld, probing, indicate, products, surpluses, malaysia


Home Forums

    • Forum
    • Topics
    • Posts
    • Last Post

These stocks could have the most to lose if a progressive Democratic agenda takes hold in 2020

Close the trade deal and move on to broader US-China relationsThe latest data on U.S.-China trade indicate that Beijing is not doing what it should to reduce its excessive surpluses by buying more American products, writes Dr Michael…World Economyread more


Close the trade deal and move on to broader US-China relationsThe latest data on U.S.-China trade indicate that Beijing is not doing what it should to reduce its excessive surpluses by buying more American products, writes Dr Michael…World Economyread more
These stocks could have the most to lose if a progressive Democratic agenda takes hold in 2020 Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-10-06  Authors: emma newburger
Keywords: news, cnbc, companies, latest, uschina, writes, stocks, relationsthe, progressive, trade, agenda, indicate, 2020, reduce, michaelworld, hold, democratic, products, surpluses, lose, takes


These stocks could have the most to lose if a progressive Democratic agenda takes hold in 2020

Close the trade deal and move on to broader US-China relations

The latest data on U.S.-China trade indicate that Beijing is not doing what it should to reduce its excessive surpluses by buying more American products, writes Dr Michael…

World Economy

read more


Company: cnbc, Activity: cnbc, Date: 2019-10-06  Authors: emma newburger
Keywords: news, cnbc, companies, latest, uschina, writes, stocks, relationsthe, progressive, trade, agenda, indicate, 2020, reduce, michaelworld, hold, democratic, products, surpluses, lose, takes


Home Forums

    • Forum
    • Topics
    • Posts
    • Last Post

The ‘omens aren’t great’: UK lawmaker on latest Brexit proposal

The ‘omens aren’t great’: UK lawmaker on latest Brexit proposal7 Hours AgoBrexit’s deadline may be pushed back again, says Jitesh Gadhia, a member of Britain’s House of Lords. The EU either has to accept U.K. Prime Minister Boris Johnson’s current deal or “roll the dice on an extension and election,” he says.


The ‘omens aren’t great’: UK lawmaker on latest Brexit proposal7 Hours AgoBrexit’s deadline may be pushed back again, says Jitesh Gadhia, a member of Britain’s House of Lords. The EU either has to accept U.K. Prime Minister Boris Johnson’s current deal or “roll the dice on an extension and election,” he says.
The ‘omens aren’t great’: UK lawmaker on latest Brexit proposal Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-10-04
Keywords: news, cnbc, companies, roll, arent, minister, omens, great, brexit, member, lords, proposal, prime, pushed, proposal7, latest, lawmaker


The 'omens aren't great': UK lawmaker on latest Brexit proposal

The ‘omens aren’t great’: UK lawmaker on latest Brexit proposal

7 Hours Ago

Brexit’s deadline may be pushed back again, says Jitesh Gadhia, a member of Britain’s House of Lords. The EU either has to accept U.K. Prime Minister Boris Johnson’s current deal or “roll the dice on an extension and election,” he says.


Company: cnbc, Activity: cnbc, Date: 2019-10-04
Keywords: news, cnbc, companies, roll, arent, minister, omens, great, brexit, member, lords, proposal, prime, pushed, proposal7, latest, lawmaker


Home Forums

    • Forum
    • Topics
    • Posts
    • Last Post

Snap shares plunge after Facebook’s latest clone attempt

Snap shares fell as much as 7% on Thursday after Facebook announced the launch of Threads, a new messaging app for Instagram users. The camera-focused Threads allows Instagram users to share their status or quickly send photos and videos to people they’ve added to their list of close friends. The app borrows several elements from Snap, whose Snapchat app focuses usage on sending photos and videos through private messages. The launch of Threads could pose a problem for Snap due to the sheer size


Snap shares fell as much as 7% on Thursday after Facebook announced the launch of Threads, a new messaging app for Instagram users. The camera-focused Threads allows Instagram users to share their status or quickly send photos and videos to people they’ve added to their list of close friends. The app borrows several elements from Snap, whose Snapchat app focuses usage on sending photos and videos through private messages. The launch of Threads could pose a problem for Snap due to the sheer size
Snap shares plunge after Facebook’s latest clone attempt Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-10-03  Authors: salvador rodriguez
Keywords: news, cnbc, companies, threads, app, videos, shares, million, snap, latest, clone, attempt, instagram, launch, users, facebooks, photos, daily, plunge


Snap shares plunge after Facebook's latest clone attempt

Snap shares fell as much as 7% on Thursday after Facebook announced the launch of Threads, a new messaging app for Instagram users.

The camera-focused Threads allows Instagram users to share their status or quickly send photos and videos to people they’ve added to their list of close friends. The app borrows several elements from Snap, whose Snapchat app focuses usage on sending photos and videos through private messages.

The launch of Threads could pose a problem for Snap due to the sheer size of Instagram, which claims more than 500 million daily active users. By comparison, Snap has 203 million daily users.


Company: cnbc, Activity: cnbc, Date: 2019-10-03  Authors: salvador rodriguez
Keywords: news, cnbc, companies, threads, app, videos, shares, million, snap, latest, clone, attempt, instagram, launch, users, facebooks, photos, daily, plunge


Home Forums

    • Forum
    • Topics
    • Posts
    • Last Post

Facebook launches Instagram Threads, its latest attempt to clone Snapchat

TOPSHOT – Facebook CEO Mark Zuckerberg delivers the opening keynote introducing new Facebook, Messenger, WhatsApp, and Instagram privacy features at the Facebook F8 Conference at McEnery Convention Center in San Jose, California on April 30, 2019. Facebook on Thursday announced the launch of Threads, a new messaging app for Instagram users. The app will be available for iPhone and Android and should be hitting app stores later in the day. Threads is a camera-focused app that allows Instagram use


TOPSHOT – Facebook CEO Mark Zuckerberg delivers the opening keynote introducing new Facebook, Messenger, WhatsApp, and Instagram privacy features at the Facebook F8 Conference at McEnery Convention Center in San Jose, California on April 30, 2019. Facebook on Thursday announced the launch of Threads, a new messaging app for Instagram users. The app will be available for iPhone and Android and should be hitting app stores later in the day. Threads is a camera-focused app that allows Instagram use
Facebook launches Instagram Threads, its latest attempt to clone Snapchat Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-10-03  Authors: salvador rodriguez
Keywords: news, cnbc, companies, snapchat, threads, app, facebook, videos, youre, instagram, latest, clone, attempt, close, launches, users, photos, friends


Facebook launches Instagram Threads, its latest attempt to clone Snapchat

TOPSHOT – Facebook CEO Mark Zuckerberg delivers the opening keynote introducing new Facebook, Messenger, WhatsApp, and Instagram privacy features at the Facebook F8 Conference at McEnery Convention Center in San Jose, California on April 30, 2019. – Got a crush on another Facebook user? The social network will help you connect, as part of a revamp unveiled Tuesday that aims to foster real-world relationships and make the platform a more intimate place for small groups of friends.

Facebook on Thursday announced the launch of Threads, a new messaging app for Instagram users. The app will be available for iPhone and Android and should be hitting app stores later in the day.

Threads is a camera-focused app that allows Instagram users to share their status or quickly send photos and videos to people they’ve added to their list of close friends.

“For your smaller circle of friends, we saw the need to stay more connected throughout the day, so you can communicate what you’re doing and how you’re feeling through photos and videos,” the company said in a blog post. “That’s why we built Threads, a new way to message with close friends in a dedicated, private space.”


Company: cnbc, Activity: cnbc, Date: 2019-10-03  Authors: salvador rodriguez
Keywords: news, cnbc, companies, snapchat, threads, app, facebook, videos, youre, instagram, latest, clone, attempt, close, launches, users, photos, friends


Home Forums

    • Forum
    • Topics
    • Posts
    • Last Post