Hong Kong stock exchange makes $36.6 billion offer for London stock exchange

Hong Kong Exchanges and Clearing Limited (HKEX) said Wednesday it has made a proposal to the board of London Stock Exchange Group Plc (LSE) to “combine the two companies,” in a deal which values the LSE at about £29.6 billion ($36.6 billion). The HKEX said the deal would be funded by a combination of existing cash and a new credit facility. HKEX has proposed £20.45 a share in cash, as well as 2.495 newly issued HKEX shares. LSE shares rallied shortly after 10:00 a.m. London time, rising by 8.5%


Hong Kong Exchanges and Clearing Limited (HKEX) said Wednesday it has made a proposal to the board of London Stock Exchange Group Plc (LSE) to “combine the two companies,” in a deal which values the LSE at about £29.6 billion ($36.6 billion). The HKEX said the deal would be funded by a combination of existing cash and a new credit facility. HKEX has proposed £20.45 a share in cash, as well as 2.495 newly issued HKEX shares. LSE shares rallied shortly after 10:00 a.m. London time, rising by 8.5%
Hong Kong stock exchange makes $36.6 billion offer for London stock exchange Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-09-11  Authors: david reid
Keywords: news, cnbc, companies, hong, announcement, statement, values, kong, 366, makes, deal, london, offer, lse, hkex, shares, cash, work, exchange, stock, billion


Hong Kong stock exchange makes $36.6 billion offer for London stock exchange

Hong Kong Exchanges and Clearing Limited (HKEX) said Wednesday it has made a proposal to the board of London Stock Exchange Group Plc (LSE) to “combine the two companies,” in a deal which values the LSE at about £29.6 billion ($36.6 billion).

The HKEX said the deal would be funded by a combination of existing cash and a new credit facility. It cautioned, however, that its statement to the market should be considered as an announcement to make a possible offer and is not confirmation of a firm intention to bid.

The statement from HKEX said a further announcement will be made “as and when appropriate.”

HKEX has proposed £20.45 a share in cash, as well as 2.495 newly issued HKEX shares. LSE shares rallied shortly after 10:00 a.m. London time, rising by 8.5% before giving up some of the initial gains.

HKEX said it expected key LSE management to keep their jobs and work for the new owners.


Company: cnbc, Activity: cnbc, Date: 2019-09-11  Authors: david reid
Keywords: news, cnbc, companies, hong, announcement, statement, values, kong, 366, makes, deal, london, offer, lse, hkex, shares, cash, work, exchange, stock, billion


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Starbucks to offer more disclosures after SEC questions accounting policies

After questioning from the Securities and Exchange Commission about its accounting practices, Starbucks will provide more disclosures about how it recognizes revenue. In May and August, as part of a routine review, the SEC asked Starbucks to clarify several items related to how it recognizes revenue. In Starbucks’ case, that means the roughly $1.2 billion in value from gift cards and earned points from Starbucks’ loyalty program. The SEC sent a final letter to Starbucks on Aug. 8 noting that the


After questioning from the Securities and Exchange Commission about its accounting practices, Starbucks will provide more disclosures about how it recognizes revenue. In May and August, as part of a routine review, the SEC asked Starbucks to clarify several items related to how it recognizes revenue. In Starbucks’ case, that means the roughly $1.2 billion in value from gift cards and earned points from Starbucks’ loyalty program. The SEC sent a final letter to Starbucks on Aug. 8 noting that the
Starbucks to offer more disclosures after SEC questions accounting policies Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-09-10  Authors: amelia lucas
Keywords: news, cnbc, companies, review, recognizes, revenuerecognition, practices, accounting, offer, clarify, questions, sec, disclosures, roughly, starbucks, policies, reported


Starbucks to offer more disclosures after SEC questions accounting policies

After questioning from the Securities and Exchange Commission about its accounting practices, Starbucks will provide more disclosures about how it recognizes revenue.

The Wall Street Journal first reported the back-and-forth between the regulator and Starbucks on Monday evening. Shares of the coffee chain fell 4% on Tuesday.

At the end of 2018, new accounting guidelines came into effect that impacted many public companies. The Journal reported that at least 208 companies received letters from the SEC about their revenue-recognition practices in 2018, according to analysis by Audit Analytics.

In May and August, as part of a routine review, the SEC asked Starbucks to clarify several items related to how it recognizes revenue.

One item included Starbucks’ licensing agreement with Nestle, under which it paid roughly $7 billion for the rights to sell Starbucks products in grocery stores. Another item was Starbucks’ breakage, which is revenue that comes from prepaid services or unused gift cards. In Starbucks’ case, that means the roughly $1.2 billion in value from gift cards and earned points from Starbucks’ loyalty program.

In response to the SEC, the Seattle-based company said that it would add to its disclosures to clarify the impact of the new standard on certain items, starting with its annual filing for fiscal 2019.

The SEC sent a final letter to Starbucks on Aug. 8 noting that the review of the filing has been completed.

“As a result of these SEC communications, we are not changing our accounting but are providing some additional disclosure to further clarify our adoption of new revenue-recognition accounting standards,” Starbucks spokesperson Reggie Borges said.

The SEC declined to comment to CNBC.

Last week, Starbucks Chief Financial Officer Pat Grismer warned that next year’s fiscal earnings growth will be slower than had been anticipated because 2019 earnings benefited from a one-time tax benefit.


Company: cnbc, Activity: cnbc, Date: 2019-09-10  Authors: amelia lucas
Keywords: news, cnbc, companies, review, recognizes, revenuerecognition, practices, accounting, offer, clarify, questions, sec, disclosures, roughly, starbucks, policies, reported


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Singapore stocks offer ‘good yield’ despite trade war jitters

Gantry cranes stand at the Port of Singapore in Singapore, on Friday, July 12, 2019. Even though Singapore’s economy is taking a big hit from the U.S.-China trade war, stocks in the city-state remain attractive compared to the rest of Asia, analysts told CNBC. “The trade war impacts (Singapore) quite a bit, but at the same time, I think Singapore has an advantage relative to other Asian markets,” said Vasu Menon, executive director of investment strategy at Singapore’s OCBC Bank. The dividend yi


Gantry cranes stand at the Port of Singapore in Singapore, on Friday, July 12, 2019. Even though Singapore’s economy is taking a big hit from the U.S.-China trade war, stocks in the city-state remain attractive compared to the rest of Asia, analysts told CNBC. “The trade war impacts (Singapore) quite a bit, but at the same time, I think Singapore has an advantage relative to other Asian markets,” said Vasu Menon, executive director of investment strategy at Singapore’s OCBC Bank. The dividend yi
Singapore stocks offer ‘good yield’ despite trade war jitters Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-09-09  Authors: eustance huang
Keywords: news, cnbc, companies, war, asia, good, yields, economy, offer, markets, jitters, despite, singapore, trade, told, stocks, asian, singapores, yield


Singapore stocks offer 'good yield' despite trade war jitters

Gantry cranes stand at the Port of Singapore in Singapore, on Friday, July 12, 2019.

Even though Singapore’s economy is taking a big hit from the U.S.-China trade war, stocks in the city-state remain attractive compared to the rest of Asia, analysts told CNBC.

“The trade war impacts (Singapore) quite a bit, but at the same time, I think Singapore has an advantage relative to other Asian markets,” said Vasu Menon, executive director of investment strategy at Singapore’s OCBC Bank.

“Singapore companies offer you pretty good yield. The dividend yields in Singapore are one of the highest you have in Asia,” Menon told CNBC in late August.

The real estate investment trust (REIT) sector in Singapore is “huge,” he added.

Menon’s views were echoed by REYL Singapore’s Head of Portfolio Management Daryl Liew.

“Singapore equities (have) got a reputation for being a safe-haven, dividend play, simply because of the REIT market,” Liew said. “Singapore was … one of the first few Asian markets to start to roll out the REITs. That’s why it’s attracted a lot of listings, not just Singapore players but also offshore.”

In the current risk-off environment where yields are low as interest rates come down, Singapore’s markets could “get some interest,” Liew said.

As of Friday’s market close, the Straits Times index saw an increase of more than 2.4% since the beginning of this year. In comparison, the broader MSCI Asia ex-Japan index has grown more than 6% in the same period.

Singapore’s export-reliant economy has suffered in the midst of a protracted trade war between the world’s two largest economies, that has dragged on for more than a year as both sides slap escalating tariffs on billions of dollars of worth of goods from each other.

The Southeast Asian nation’s economy contracted by 3.3% on quarter in the April-to-June period, with some analysts warning that a recession may be around the corner. Last month, Singapore’s government slashed its 2019 official growth forecast to between 0% and 1%, from between 1.5% and 2.5% previously.


Company: cnbc, Activity: cnbc, Date: 2019-09-09  Authors: eustance huang
Keywords: news, cnbc, companies, war, asia, good, yields, economy, offer, markets, jitters, despite, singapore, trade, told, stocks, asian, singapores, yield


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BMW CFO wants politicians to offer ‘sensible solution’ on trade war

The chief financial officer of German auto giant BMW said that tension between China and the United States needs to improve in the coming weeks or his company’s profit margins will suffer. The U.S. has threatened a series of global tariffs which would have a negative effect on European carmakers. One concern for BMW is the U.S. threat to raise import tariffs on foreign cars, although President Donald Trump has delayed any decision on that until around late November. Data on Monday revealed that


The chief financial officer of German auto giant BMW said that tension between China and the United States needs to improve in the coming weeks or his company’s profit margins will suffer. The U.S. has threatened a series of global tariffs which would have a negative effect on European carmakers. One concern for BMW is the U.S. threat to raise import tariffs on foreign cars, although President Donald Trump has delayed any decision on that until around late November. Data on Monday revealed that
BMW CFO wants politicians to offer ‘sensible solution’ on trade war Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-09-09  Authors: david reid
Keywords: news, cnbc, companies, cfo, threatened, profit, china, war, negative, bmw, global, solution, wants, politicians, tension, weisbach, tariffs, offer, companys, trade, sensible


BMW CFO wants politicians to offer 'sensible solution' on trade war

The chief financial officer of German auto giant BMW said that tension between China and the United States needs to improve in the coming weeks or his company’s profit margins will suffer.

The U.S. has threatened a series of global tariffs which would have a negative effect on European carmakers. One concern for BMW is the U.S. threat to raise import tariffs on foreign cars, although President Donald Trump has delayed any decision on that until around late November.

Nicolas Peter told CNBC’s Annette Weisbach at the Frankfurt Motor Show Monday that his firm was “best prepared” to cope with trade tariffs but further measures threatened by Washington would have an impact.

“If this tension between (the) U.S. and China would further escalate this would have an negative impact on our P+L (profit and loss) but we still have a couple of months time and I definitely hope the politicians would come to a sensible solution,” he said.

Data on Monday revealed that BMW Group’s global deliveries rose 4.4% in August when compared to the same month last year. The company’s total sales across 2019 to the end of August were 1,617,512 units — a 1.3% rise on 2018’s comparable time scale.


Company: cnbc, Activity: cnbc, Date: 2019-09-09  Authors: david reid
Keywords: news, cnbc, companies, cfo, threatened, profit, china, war, negative, bmw, global, solution, wants, politicians, tension, weisbach, tariffs, offer, companys, trade, sensible


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NFL season starts as more states offer legal sports betting. Here’s how winnings are taxed

That means your win could be subject to taxation even before it reaches you, depending on how big it is. If you win money through unregulated channels, you’re expected to fess up to the IRS at tax time. Five more states and the District of Columbia are poised to start legal markets in the coming months. About 7 million people say they’ll bet legally on NFL games this season at a casino sportsbook, up 1.2 million from last year. “If you lose $10,000 and then strike it big in that year and win $10


That means your win could be subject to taxation even before it reaches you, depending on how big it is. If you win money through unregulated channels, you’re expected to fess up to the IRS at tax time. Five more states and the District of Columbia are poised to start legal markets in the coming months. About 7 million people say they’ll bet legally on NFL games this season at a casino sportsbook, up 1.2 million from last year. “If you lose $10,000 and then strike it big in that year and win $10
NFL season starts as more states offer legal sports betting. Here’s how winnings are taxed Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-09-05  Authors: sarah obrien
Keywords: news, cnbc, companies, nfl, youre, legal, offer, bet, taxed, tax, betting, starts, winnings, season, heres, win, states, income, million


NFL season starts as more states offer legal sports betting. Here's how winnings are taxed

If you’re among the estimated 38 million adults expected to bet on NFL games this season, remember that good ol’ Uncle Sam expects a piece of your winnings — and, in some cases, will grab a slice without asking first. The NFL’s 100th season, which kicks off Thursday night on NBC in a game between the Green Bay Packers and the Chicago Bears, comes as a growing number of states are legalizing sports betting. That means your win could be subject to taxation even before it reaches you, depending on how big it is. If you win money through unregulated channels, you’re expected to fess up to the IRS at tax time. “The way it works is that any income from gambling is taxable income,” said Cari Weston, a CPA and director of tax practice and ethics for the American Institute of CPAs. “It’s taxable regardless of how much you won or where you won it.”

Algerina Perna | Baltimore Sun | MCT | Getty Images

Since the Supreme Court overturned a federal law in May 2018 that had banned sports betting in most places, the number of states that have legalized it has risen to 13, according to the American Gaming Association. Five more states and the District of Columbia are poised to start legal markets in the coming months. About 7 million people say they’ll bet legally on NFL games this season at a casino sportsbook, up 1.2 million from last year. The remainder will place wagers with friends, participate in pools and other contests or bet online. For casual gamblers placing wagers through regulated sports betting in states that allow it, the IRS makes it a bit easier for you by placing reporting requirements on the payor (i.e., the casino), as well. Generally speaking, if you win more than $5,000 and the amount is 300 times the original bet, the payor is required to withhold 24% for federal taxes. There could be instances, though, that trigger withholding when your win is under that. Also, your final tax bill could be higher or lower than the amount withheld, depending on your other income. Even if no tax is withheld, you’re not off the hook for claiming the income on your return. One way to reduce what you owe on your winnings is to write off your gambling losses. “You can deduct losses to the extent that you have winnings,” Weston said. “If you lose $10,000 and then strike it big in that year and win $100,000, you can deduct that $10,000.”


Company: cnbc, Activity: cnbc, Date: 2019-09-05  Authors: sarah obrien
Keywords: news, cnbc, companies, nfl, youre, legal, offer, bet, taxed, tax, betting, starts, winnings, season, heres, win, states, income, million


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This is ‘the best way for anybody to make more money’ in this economy, according to an expert

If you hope to see any sort of significant pay raise this year, finding a new job may be your best bet. Most employers plan to offer workers raises of 3% or less over the next year, according to PayScale’s 2019 Compensation Best Practices Report. What about simply asking your boss for a raise, without having a competing offer in hand? Of course, there’s always the risk that presenting your current company with a competing offer will backfire. So, be sure you’re actually willing to leave your cur


If you hope to see any sort of significant pay raise this year, finding a new job may be your best bet. Most employers plan to offer workers raises of 3% or less over the next year, according to PayScale’s 2019 Compensation Best Practices Report. What about simply asking your boss for a raise, without having a competing offer in hand? Of course, there’s always the risk that presenting your current company with a competing offer will backfire. So, be sure you’re actually willing to leave your cur
This is ‘the best way for anybody to make more money’ in this economy, according to an expert Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-08-28  Authors: sam becker, anna-louise jackson, chris taylor
Keywords: news, cnbc, companies, pay, career, job, according, way, workers, money, raise, economy, current, best, expert, competing, anybody, finding, offer


This is 'the best way for anybody to make more money' in this economy, according to an expert

If you hope to see any sort of significant pay raise this year, finding a new job may be your best bet. Most employers plan to offer workers raises of 3% or less over the next year, according to PayScale’s 2019 Compensation Best Practices Report. Considering that the inflation rate has hovered at around 2%, most workers are seeing an effective raise of around 1% — if they’re getting a raise at all. Meanwhile, people who switch jobs saw their earnings increase by an average of 5.3% over the past year, according to ADP’s Workforce Vitality Report. In fact, “job-hopping” every 3-5 years may be the key to earning significantly more money over the course of your career. And experts say it’s especially effective in the current economic climate. “The best way for anybody to make more money is to leave their job and go get a new one,” job search strategist Hannah Morgan of Career Sherpa recently told Grow. Here’s why, and how to take advantage.

Why it can pay off to get a new job offer

Because unemployment is low and employers are having a hard time finding qualified employees, workers are in a prime position to capitalize by securing a competing offer, Morgan says. This could play out to your advantage in one of two ways: Take the offer and transition to a new, higher-paid job. Use the offer as leverage to get a better raise with your current employer. What about simply asking your boss for a raise, without having a competing offer in hand? You can try, says career strategy consultant Janet Matta, but your best bet is to start interviewing. “You’re more likely to have a salary increase by finding a new job rather than asking for a raise,” Matta says. A competing offer can force your current employer’s hand. Almost half of companies have made a counter offer of “significantly higher pay” to keep an employee, according to a 2018 Ziprecruiter survey. Of course, there’s always the risk that presenting your current company with a competing offer will backfire. They may decline to match the offer. Even if they do and you choose to stay put, you may have dampened your chances at advancement. So, be sure you’re actually willing to leave your current job before soliciting other offers.

You’re more likely to have a salary increase by finding a new job rather than asking for a raise. Janet Matta Career strategy consultant

The risks of job-hopping


Company: cnbc, Activity: cnbc, Date: 2019-08-28  Authors: sam becker, anna-louise jackson, chris taylor
Keywords: news, cnbc, companies, pay, career, job, according, way, workers, money, raise, economy, current, best, expert, competing, anybody, finding, offer


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6 ways to practice self-care without overspending

For Ellen Bard, psychologist and author of “This Is For You: A Creative Toolkit for Better Self-Care,” self-care is about finding ways to nourish your physical, emotional, and mental well-being. “Self-care is going to look different for everyone because it’s really a matter of what that individual person needs,” says Bard. “For some, it might mean taking a yoga class to improve their mental and physical health; for others it could be reading a book to nourish their mind and their creativity.” He


For Ellen Bard, psychologist and author of “This Is For You: A Creative Toolkit for Better Self-Care,” self-care is about finding ways to nourish your physical, emotional, and mental well-being. “Self-care is going to look different for everyone because it’s really a matter of what that individual person needs,” says Bard. “For some, it might mean taking a yoga class to improve their mental and physical health; for others it could be reading a book to nourish their mind and their creativity.” He
6 ways to practice self-care without overspending Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-08-16  Authors: ivana pino, sam becker, sofia pitt
Keywords: news, cnbc, companies, fitness, bathing, offer, services, forest, overspending, health, physical, bard, ways, practice, selfcare, natural


6 ways to practice self-care without overspending

Over half, 59%, of Americans say self-care is very important to them, and three in five would prefer fulfilling experiences over material goods, according to a study about the “treat yourself” behaviors of 2,000 American adults conducted by Eventbrite and research company OnePoll. If you end up splurging on self-care too often, though, that can have a negative impact on your financial health — and end up making you more stressed. For Ellen Bard, psychologist and author of “This Is For You: A Creative Toolkit for Better Self-Care,” self-care is about finding ways to nourish your physical, emotional, and mental well-being. “Self-care is going to look different for everyone because it’s really a matter of what that individual person needs,” says Bard. “For some, it might mean taking a yoga class to improve their mental and physical health; for others it could be reading a book to nourish their mind and their creativity.” Here are some ways you can practice quality self-care without overspending.

1. Get moving

Exercise not only improves your physical health; it’s also shown to reduce stress and anxiety and decrease your odds of becoming depressed by 26%, according to a Harvard University study. Rather than committing to a gym membership, though, which can be costly, consider shopping around and signing up for a few trial classes to get in a workout first. Most gyms offer a free trial workout or fitness class. You could try working out with friends, too. Some clubs, like LA Fitness and Planet Fitness, will allow members to bring a buddy with them, depending on the kind of membership they have, but you could also head outside and go running, biking, or swimming together. Having a group or exercise partner can make the effort more fun, and having someone to hold you accountable can help you take your effort up a notch. You could also try joining a local softball league or adult soccer team. Participating in team sports has been show to improve self-esteem and increase long-term happiness.

2. Get a discounted or complimentary makeover

Make-up stores like Ulta Beauty, Sephora, and NYX Professional offer complimentary make-up services. At Sephora, you can choose to have a mini-facial, a quick eye-shadow tutorial, a personalized skin consultation, and more. Stop in to freshen up your look and boost your mood. New salons and beauty schools may offer free or discounted services with beginning stylists practicing their skills, so check out locations in your area. The Aveda Institute and Carsten Institute of Cosmetology in New York City, for instance, both offer student-run services. If you’re willing to be a hair model, cuts start at just $5.

3. DIY face masks

A facial at a day spa can cost you upwards of $100, but with the right ingredients, you could create a similar glowing effect in your kitchen. Make your own face masks at home with natural ingredients you may already have like honey, oats, and eggs.

We live in a time when we are constantly being stimulated by the world around us and people have forgotten how nourishing solitude can be. Ellen Bard author of “This Is For You: A Creative Toolkit for Better Self-Care”

4. Visit the library

Your local library can be a great place to relax and indulge. On average, a 375-page paperback novel can cost between $13-$18, according to Mill City Press, but a library card can get you access to the same reading material at no cost. And the perks don’t stop there: A card gives you access to audio books, music, movies, and classes on everything from foreign languages to personal and professional empowerment. Being somewhere quiet where you can immerse yourself in literature can be peaceful, too. “We live in a time when we are constantly being stimulated by the world around us and people have forgotten how nourishing solitude can be,” says Bard. “Taking time to space out, reflect, and be alone can be healing.”

5. Appreciate the natural world

Forest bathing, or shinrin-yoku, Japanese for “bathing in the forest atmosphere,” is a simple way to reset and rejuvenate without paying a dime. Developed in Japan in the 1980s, forest bathing simply requires spending time in a natural area with a calm and open mind — and without a smartphone. Numerous studies have shown that forest bathing offers real health benefits and decreases depression, fatigue and anxiety. No bathing suit, or entry fee, required.

6. Find wellness videos online


Company: cnbc, Activity: cnbc, Date: 2019-08-16  Authors: ivana pino, sam becker, sofia pitt
Keywords: news, cnbc, companies, fitness, bathing, offer, services, forest, overspending, health, physical, bard, ways, practice, selfcare, natural


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Japanese chef Nobu originally refused Robert De Niro’s New York restaurant offer

“He said ‘Nobu, I’d like to open a restaurant in New York together with you’ and he invited me to New York, and I stayed four days,” Matsuhisa said. ‘Nobu, maybe time to come again to New York?’ I so much appreciated (it) and he trusts me, he was a big support to me, he wants to open a restaurant in New York, and with me, we did it.” Nobu had been nervous about partnerships after disagreements with a business partner in Peru, but his first venture with De Niro in New York opened in Tribeca in 19


“He said ‘Nobu, I’d like to open a restaurant in New York together with you’ and he invited me to New York, and I stayed four days,” Matsuhisa said. ‘Nobu, maybe time to come again to New York?’ I so much appreciated (it) and he trusts me, he was a big support to me, he wants to open a restaurant in New York, and with me, we did it.” Nobu had been nervous about partnerships after disagreements with a business partner in Peru, but his first venture with De Niro in New York opened in Tribeca in 19
Japanese chef Nobu originally refused Robert De Niro’s New York restaurant offer Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-08-16  Authors: lucy handley
Keywords: news, cnbc, companies, york, appreciated, matsuhisa, niros, robert, japanese, invited, offer, refused, nobu, niro, bob, open, originally, restaurant, chef, opened


Japanese chef Nobu originally refused Robert De Niro's New York restaurant offer

Speaking to CNBC’s Tania Bryer for an episode of “Trailblazers,” Matsuhisa said he was flattered by De Niro’s approach, after the star dined in his eponymous Los Angeles restaurant that opened in 1987.

“He said ‘Nobu, I’d like to open a restaurant in New York together with you’ and he invited me to New York, and I stayed four days,” Matsuhisa said. “Also, Bob didn’t explain too much. So, you know he invited me to open a restaurant, (and) I so appreciated that he likes my food (and I said): ‘Bob, thank you so much but it’s still too early to open it because my first restaurant was not organized yet.’ So, he said ‘OK’.”

But De Niro was patient.

“After, like, four years, he called me. ‘Nobu, maybe time to come again to New York?’ I was so surprised but now I can trust him because he was waiting for me for four years. I so much appreciated (it) and he trusts me, he was a big support to me, he wants to open a restaurant in New York, and with me, we did it.”

Nobu had been nervous about partnerships after disagreements with a business partner in Peru, but his first venture with De Niro in New York opened in Tribeca in 1994 and had much success. The pair founded Nobu Hospitality together and opened their first hotel in Las Vegas in 2013. The group now operates several hotels on five continents.


Company: cnbc, Activity: cnbc, Date: 2019-08-16  Authors: lucy handley
Keywords: news, cnbc, companies, york, appreciated, matsuhisa, niros, robert, japanese, invited, offer, refused, nobu, niro, bob, open, originally, restaurant, chef, opened


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Hong Kong protesters offer apologies, China doubles down after airport clash

Pro-democracy protestors block the entrance to the airport terminals after a scuffle with police at Hong Kong’s international airport late on August 13, 2019. China said on Wednesday Hong Kong’s protest movement had reached “near terrorism” and more street clashes followed ugly scenes the previous day when protesters set upon men they suspected of being government sympathizers. Ten weeks of increasingly violent confrontation between police and protesters have plunged Hong Kong into its worst cri


Pro-democracy protestors block the entrance to the airport terminals after a scuffle with police at Hong Kong’s international airport late on August 13, 2019. China said on Wednesday Hong Kong’s protest movement had reached “near terrorism” and more street clashes followed ugly scenes the previous day when protesters set upon men they suspected of being government sympathizers. Ten weeks of increasingly violent confrontation between police and protesters have plunged Hong Kong into its worst cri
Hong Kong protesters offer apologies, China doubles down after airport clash Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-08-14  Authors: everett rosenfeld
Keywords: news, cnbc, companies, kongs, doubles, protesters, scenes, chinese, hong, china, apologies, movement, offer, clash, kong, late, demonstrators, airport


Hong Kong protesters offer apologies, China doubles down after airport clash

Pro-democracy protestors block the entrance to the airport terminals after a scuffle with police at Hong Kong’s international airport late on August 13, 2019.

China said on Wednesday Hong Kong’s protest movement had reached “near terrorism” and more street clashes followed ugly scenes the previous day when protesters set upon men they suspected of being government sympathizers.

The United States said it was deeply concerned at news of Chinese police forces gathering near the border, urged Hong Kong’s government to respect freedom of speech, and issued a travel advisory urging caution when visiting the city.

By nightfall, police and protesters were again facing off on the streets, with riot officers shooting tear gas almost immediately as their response to demonstrators toughens.

Ten weeks of increasingly violent confrontation between police and protesters have plunged Hong Kong into its worst crisis since it reverted from British to Chinese rule in 1997.

Flights resumed on Wednesday amid heightened security at Hong Kong airport, which is one of the world’s busiest, after two days of disruptions sparked by protesters swarming the airport and, late Tuesday, detaining there two men they suspected opposed them.

China’s Hong Kong and Macau Affairs Office in Beijing called the behavior at the airport no different to terrorism and said it must be severely punished.

“We’re deeply sorry about what happened yesterday,” read a banner held up by a group of a few dozen demonstrators in the airport arrivals hall in the morning.

“We were desperate and we made imperfect decisions. Please accept our apologies,” the banner said.

In chaotic scenes that would once have been unthinkable for Hong Kong, a peaceful sit-in at the airport turned violent late on Tuesday as protesters confronted and held a man they believed was an undercover Chinese agent.

Busloads of riot police arrived in response, clashing with furious demonstrators before withdrawing once the man was removed, and leaving the terminal briefly in control of activists who then detained a Chinese reporter for a short time.

It was not clear whether the scenes of violence might have eroded the broad support the movement has so far attracted in Hong Kong, a major financial hub. The protests have also hit the city’s faltering economy.

“We promise to reflect and to improve,” protesters said in one message distributed on social media app Telegram.

“Sorry we were too reckless … we are only afraid of losing your support to the whole movement due to our mistake, and that you give up on fighting.”

They also showed little sign of relenting in their protests, which began in opposition to a now-suspended bill that would have allowed the extradition of suspects for trial in mainland China, but have swelled into wider calls for democracy.

Hundreds attended a demonstration in the residential area of Sham Shui Po, where police arrived and quickly used tear gas after protesters pointed lasers at the police station.


Company: cnbc, Activity: cnbc, Date: 2019-08-14  Authors: everett rosenfeld
Keywords: news, cnbc, companies, kongs, doubles, protesters, scenes, chinese, hong, china, apologies, movement, offer, clash, kong, late, demonstrators, airport


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Roku is ‘excited’ for onslaught of new on-demand platforms and the ad products they’ll offer them

Streaming platform Roku attributed an acceleration in its total revenue growth primarily to growth in advertising as the platform’s monetized video ad impressions more than doubled year-over-year. The company beat estimates, seeing a loss per share of 8 cents on revenue of $250 million. Total revenue growth accelerated to 59% year-over-year, the company said. Roku believes it will benefit from the onslaught of upcoming launches of over-the-top streaming video services. Given increased scrutiny i


Streaming platform Roku attributed an acceleration in its total revenue growth primarily to growth in advertising as the platform’s monetized video ad impressions more than doubled year-over-year. The company beat estimates, seeing a loss per share of 8 cents on revenue of $250 million. Total revenue growth accelerated to 59% year-over-year, the company said. Roku believes it will benefit from the onslaught of upcoming launches of over-the-top streaming video services. Given increased scrutiny i
Roku is ‘excited’ for onslaught of new on-demand platforms and the ad products they’ll offer them Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-08-07  Authors: megan graham
Keywords: news, cnbc, companies, products, platforms, video, growth, onslaught, excited, million, company, data, ad, offer, roku, platform, revenue, theyll, services, ondemand


Roku is 'excited' for onslaught of new on-demand platforms and the ad products they'll offer them

People pass by a video sign display with the logo for Roku, a Fox-backed video streaming firm, that held it’s IPO at the Nasdaq Marketsite in New York, September 28, 2017.

Streaming platform Roku attributed an acceleration in its total revenue growth primarily to growth in advertising as the platform’s monetized video ad impressions more than doubled year-over-year.

Roku shares were up more than 12% in after-hours trading on Wednesday. The company beat estimates, seeing a loss per share of 8 cents on revenue of $250 million. Analysts had expected a loss per share of 22 cents on revenue of $224 million, according to Refinitiv.

The company said its active accounts passed 30 million and average revenue per user reached $21.06, up $2.00 from Q1 2019. Total revenue growth accelerated to 59% year-over-year, the company said.

Roku believes it will benefit from the onslaught of upcoming launches of over-the-top streaming video services. Companies including Disney and NBCUniversal are rolling out new services to better compete with Netflix.

“We are excited, to say the least, about the coming services into OTT and believe that we are an essential platform for these new services,” said Scott Rosenberg, senior vice president and general manager of Roku’s platform business, on the company’s earnings call.

“We have a whole array of audience development ad products and capabilities starting from when you’re setting your Roku up to ads in the home screen, featured placement in the channel store, email units, we recently launched a video ad unit that lets you drive a download off of a 30-second spot, and we continue to add new ad products like that that help our content partners build audience as they launch these services on the platform.”

Given increased scrutiny in the realm of personal data, analysts queried Roku leaders on whether that would have an impact on over-the-top spending.

“We of course take privacy very seriously as a company, but we have a first-party direct relationship with our consumers and it puts us in a unique position as a platform to both explain to consumers how their data is used and to control it,” Rosenberg said. “I would just contrast that against third party entities, intermediaries who don’t have that direct consumer relationship, who are going to be more challenged to articulate and justify the use of data.”


Company: cnbc, Activity: cnbc, Date: 2019-08-07  Authors: megan graham
Keywords: news, cnbc, companies, products, platforms, video, growth, onslaught, excited, million, company, data, ad, offer, roku, platform, revenue, theyll, services, ondemand


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