This woman sold her app for $85 million — here’s the common mistake she sees in start-ups

Mette LykkeBuilding a high-value business takes patience and entrepreneurs shouldn’t believe that start-ups reach multi-million-dollar valuations overnight, a successful Danish businesswoman has warned. When it comes to growing a start-up, Mette Lykke, CEO of food waste organization Too Good To Go, speaks from experience. Endomondo was sold to the U.S. athleticwear brand in 2015 for $85 million, and Lykke stayed on as its CEO until 2017. “My first company was designed to make fitness fun, and no


Mette LykkeBuilding a high-value business takes patience and entrepreneurs shouldn’t believe that start-ups reach multi-million-dollar valuations overnight, a successful Danish businesswoman has warned. When it comes to growing a start-up, Mette Lykke, CEO of food waste organization Too Good To Go, speaks from experience. Endomondo was sold to the U.S. athleticwear brand in 2015 for $85 million, and Lykke stayed on as its CEO until 2017. “My first company was designed to make fitness fun, and no
This woman sold her app for $85 million — here’s the common mistake she sees in start-ups Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-08-13  Authors: chloe taylor
Keywords: news, cnbc, companies, really, sees, mistake, app, food, business, sold, common, waste, team, 85, company, woman, startups, works, purpose, heres, lykke, work, million


This woman sold her app for $85 million — here's the common mistake she sees in start-ups

Mette Lykke

Building a high-value business takes patience and entrepreneurs shouldn’t believe that start-ups reach multi-million-dollar valuations overnight, a successful Danish businesswoman has warned. When it comes to growing a start-up, Mette Lykke, CEO of food waste organization Too Good To Go, speaks from experience. She co-founded fitness app Endomondo in 2007, developing the company for almost a decade before it gained enough interest to be acquired by American firm Under Armour. Endomondo was sold to the U.S. athleticwear brand in 2015 for $85 million, and Lykke stayed on as its CEO until 2017.

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According to Lykke, who began her career as a management consultant, a business can only experience vast growth rates if the people at its reins exercise what she calls “patient impatience.” “Every day you have to push (yourself) and you have to be willing to do that for quite a while,” she said. “I think a lot of stories about start-ups give the impression that two guys start a company in a basement and boom, two years later they change the world. That’s just not how it works – it takes years, so working hard every day is crucial.”

Be clear on your purpose

For the past two years, Lykke has been the CEO of Too Good To Go — an organization that works with restaurants and food retailers to tackle waste by selling food at a discounted price. The app has 11 million users and works with 22,000 stores across 11 countries. Her involvement with the company began around 9 months after the service was launched, when a friend who knew its founders showed her the app. “I thought it was such a cool concept,” she told CNBC. “I got invited to invest and then was asked to help the founders run the business.” She said her core driving force when it came to work was being part of a company that had a strong purpose and could make a real impact. “I work a lot and put everything into it, so I want to do something that really matters,” she explained. “My first company was designed to make fitness fun, and now I have an even stronger purpose in tackling food waste. I just hadn’t realized the scale of this problem, but it had always been natural to me not to throw away food.” Entrepreneurs looking to grow a company needed to follow her lead and work on something that they felt was meaningful, Lykke added. “Make sure you’re really, really passionate about what you do — that’s fundamental,” she said. “There are going to be days and nights where, if you don’t have that passion, it’s going to be too difficult.”

As well as being passionate about their business, start-up founders needed to build a team who believed in the purpose of the company. “Being clear about the company’s vision is important, (but) the people you find for your team need to believe what you believe — it’s important to establish that team really early on,” Lykke told CNBC. She noted that having a strong ethical purpose was also a big competitive advantage, helping to attract both talented employees and investors.

Seek advice — and share it too


Company: cnbc, Activity: cnbc, Date: 2019-08-13  Authors: chloe taylor
Keywords: news, cnbc, companies, really, sees, mistake, app, food, business, sold, common, waste, team, 85, company, woman, startups, works, purpose, heres, lykke, work, million


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Tesla has started a new anti-fraud department, according to a recent job listing

For instance, in June 2018, Musk sent a pair of e-mails around to all Tesla employees urging them to find and stop turncoats. In one e-mail, Musk asserted:”A Tesla employee who had conducted quite extensive and damaging sabotage to our operations.” In that same e-mail, Musk told Tesla employees that they are in a battle that could be characterized as Tesla versus the world. In November 2018, according to a Department of Justice statement, a former Tesla employee named Salil Parulekar was indicte


For instance, in June 2018, Musk sent a pair of e-mails around to all Tesla employees urging them to find and stop turncoats. In one e-mail, Musk asserted:”A Tesla employee who had conducted quite extensive and damaging sabotage to our operations.” In that same e-mail, Musk told Tesla employees that they are in a battle that could be characterized as Tesla versus the world. In November 2018, according to a Department of Justice statement, a former Tesla employee named Salil Parulekar was indicte
Tesla has started a new anti-fraud department, according to a recent job listing Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-08-05  Authors: lora kolodny
Keywords: news, cnbc, companies, vehicle, started, listing, waste, musk, antifraud, teslas, fraud, employees, recent, department, tesla, told, employee, according, job


Tesla has started a new anti-fraud department, according to a recent job listing

Tesla is stepping up its efforts to detect and prevent fraud and waste within its ranks, according to a job listing posted to its own careers page on July 19th, and syndicated to LinkedIn about a week ago.

According to the recruiting ad, Tesla seeks a “Manager, Financial (Anti-Fraud) Analytics & Investigation,” to helm a new group. Here’s an excerpt:

“Global Fraud Management is a new team established to promote and foster a culture of ethical behavior and to mitigate fraud, waste, and abuse through prevention, investigation, and remediation. In this role, the ideal candidate would work with key stakeholders to build the global fraud strategy for Tesla and develop a world-class fraud prevention, detection, and response team.'”

The listing doesn’t say what prompted the creation of this team.

However, Tesla’s factories have been plagued by waste and disorganization in the past. For example, employees previously told CNBC that they had trouble tracking their project budgets and specific purchase orders within Tesla’s disparate systems. Others told CNBC they engaged in quick fixes during Model 3 vehicle assembly which Tesla said were not in line with company’s official procedures and policies.

CEO Elon Musk has also espoused the notion that Tesla is besieged by haters, some out to damage the electric vehicle and renewable energy company from within.

For instance, in June 2018, Musk sent a pair of e-mails around to all Tesla employees urging them to find and stop turncoats. In one e-mail, Musk asserted:

“A Tesla employee who had conducted quite extensive and damaging sabotage to our operations.”

It turned out Musk was referencing Martin Tripp, a former Gigafactory employee who claimed Tesla was using flawed battery manufacturing practices, and hiding relevant info from shareholders. Tripp is still embroiled in a legal battle with Tesla after taking his claims to press.

In that same e-mail, Musk told Tesla employees that they are in a battle that could be characterized as Tesla versus the world. He wrote:

“As you know, there are a long list of organizations that want Tesla to die. These include Wall Street short sellers, who have already lost billions of dollars and stand to lose a lot more. Then there are the oil and gas companies, the wealthiest industry in the world—they don’t love the idea of Tesla advancing the progress of solar power and electric cars.”

In another e-mail that week, speaking of one of several paint shop fires that occurred at Tesla’s Fremont, California factory throughout 2018, Musk said: “Could just be a random event, but as Andy Grove said, ‘Only the paranoid survive.’ Please be on the alert for anything that’s not in the best interests of our company.”

In November 2018, according to a Department of Justice statement, a former Tesla employee named Salil Parulekar was indicted for allegedly embezzling $9.3 million from Tesla by diverting payments from one supplier to another.

And in the first quarter of 2019, Tesla filed a pair of lawsuits against former employees at self-driving tech venture Zoox, and Chinese electric vehicle makers, Xiaopeng, alleging theft of trade secrets.

CNBC has reached out to Tesla for comment about the job listing and will update this post if the company responds.

WATCH: Inside Tesla’s Nevada Gigafactory


Company: cnbc, Activity: cnbc, Date: 2019-08-05  Authors: lora kolodny
Keywords: news, cnbc, companies, vehicle, started, listing, waste, musk, antifraud, teslas, fraud, employees, recent, department, tesla, told, employee, according, job


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Tim Cook and Steve Jobs agree: ‘Time is limited, so don’t waste it’ on this

Apple CEO Tim Cook addressed the graduates of the 128th class of Stanford University on Sunday, and borrowed a few words from his mentor Steve Jobs. “Fourteen years ago,” Cook said, “Steve stood on this stage and told your predecessors: ‘Your time is limited, so don’t waste it living someone else’s life.’ “Cook described the time after Jobs’ death as “the loneliest” he’d ever felt in his life, and said he could “sense” the expectations others had for him. You’ll waste precious time trying to rew


Apple CEO Tim Cook addressed the graduates of the 128th class of Stanford University on Sunday, and borrowed a few words from his mentor Steve Jobs. “Fourteen years ago,” Cook said, “Steve stood on this stage and told your predecessors: ‘Your time is limited, so don’t waste it living someone else’s life.’ “Cook described the time after Jobs’ death as “the loneliest” he’d ever felt in his life, and said he could “sense” the expectations others had for him. You’ll waste precious time trying to rew
Tim Cook and Steve Jobs agree: ‘Time is limited, so don’t waste it’ on this Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-06-17  Authors: elizabeth gravier
Keywords: news, cnbc, companies, limited, dont, life, jobs, thought, waste, agree, knew, felt, leave, tim, cook, tech, steve


Tim Cook and Steve Jobs agree: 'Time is limited, so don't waste it' on this

Apple CEO Tim Cook addressed the graduates of the 128th class of Stanford University on Sunday, and borrowed a few words from his mentor Steve Jobs.

“Fourteen years ago,” Cook said, “Steve stood on this stage and told your predecessors: ‘Your time is limited, so don’t waste it living someone else’s life.’ Here’s my corollary: ‘Your mentors may leave you prepared, but they can’t leave you ready.’ ”

Cook described the time after Jobs’ death as “the loneliest” he’d ever felt in his life, and said he could “sense” the expectations others had for him.

“All I knew,” he said, “was that I was going to have to be the best version of myself that I could be. I knew that if you got out of bed every morning and set your watch by what other people expect or demand, it’ll drive you crazy.”

He urged grads to focus on authenticity and forging something new, rather than imitating others.

“Don’t try to emulate the people who came before you to the exclusion of everything else, contorting into a shape that doesn’t fit,” Cook said. “It takes too much mental effort – effort that should be dedicated to creating and building. You’ll waste precious time trying to rewire your every thought, and, in the meantime, you won’t be fooling anybody.”

Cook had already built an impressive resume in tech prior to joining Apple in 1998, with roles at IBM, Intelligent Electronics and Compaq. But he felt that Jobs had a new and exciting outlook on the tech industry, one he thought he could add value to.


Company: cnbc, Activity: cnbc, Date: 2019-06-17  Authors: elizabeth gravier
Keywords: news, cnbc, companies, limited, dont, life, jobs, thought, waste, agree, knew, felt, leave, tim, cook, tech, steve


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P&G’s Olay skin-care brand unveils refillable packaging test to curb plastic waste

The company announced Wednesday that its Olay Regenerist Whip moisturizer will sell in refillable containers as part of a three-month test with the goal of reducing plastic waste. If successful, P&G said, the move could substantially reduce plastic waste from single-use products. For instance, if the company can convert 5 million jars of Olay skin cream to refillable versions, it could save more than 1 million pounds of plastic. “That’s just what could be accomplished with Olay,” said Anitra Mar


The company announced Wednesday that its Olay Regenerist Whip moisturizer will sell in refillable containers as part of a three-month test with the goal of reducing plastic waste. If successful, P&G said, the move could substantially reduce plastic waste from single-use products. For instance, if the company can convert 5 million jars of Olay skin cream to refillable versions, it could save more than 1 million pounds of plastic. “That’s just what could be accomplished with Olay,” said Anitra Mar
P&G’s Olay skin-care brand unveils refillable packaging test to curb plastic waste Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-06-05  Authors: emma newburger
Keywords: news, cnbc, companies, millennials, test, used, plastic, packaging, waste, curb, pg, refillable, company, way, pgs, olay, moisturizer, million, unveils, skincare


P&G's Olay skin-care brand unveils refillable packaging test to curb plastic waste

Plastic tubes of lipstick accented in gold, medicinal looking glass bottles topped with an eyedropper or curved tubs filled with thick creams — cosmetics packaging is often used to create a brand’s image.

That’s still the truth, but now the cellophane wrapped around a cardboard box with a plastic container of moisturizer inside isn’t seen as an exciting way to re-create the experience of unwrapping a gift. It looks like waste. This idea is particularly true for millennials, who are known for choosing products based on a company’s social values and eco-consciousness.

Procter & Gamble is about to put this idea to the test.

The company announced Wednesday that its Olay Regenerist Whip moisturizer will sell in refillable containers as part of a three-month test with the goal of reducing plastic waste.

The move, which will begin in October, is part of a broader sustainability effort. P&G joins 25 other companies, including Unilever, Nestle and Coca-Cola, that are making similar efforts this summer.

Roughly 40% of the over 400 million tons plastic produced each is year is from packaging, which is often used once and then thrown away, according to research from the American Association for the Advancement of Science.

If successful, P&G said, the move could substantially reduce plastic waste from single-use products. For instance, if the company can convert 5 million jars of Olay skin cream to refillable versions, it could save more than 1 million pounds of plastic.

“That’s just what could be accomplished with Olay,” said Anitra Marsh, associate director of brand communications for P&G skin and personal care. “If we’re successful, and we can expand at scale, the impact is tremendous.”

The skin-care package contains a jar of cream and one refill pod of moisturizer that can be placed inside the jar once it’s emptied. The company said the package will be sold and shipped in a container made of 100% recycled paper, and would have no outer carton to cut paperboard use.

P&G said the Olay pilot in particular could be a great way to attract more millennials, whose purchases of the Olay brand grew 8% last year.

“We chose to refill this product because millennials and Gen Z consumers are especially concerned and want to be empowered to protect the planet,” Marsh said.


Company: cnbc, Activity: cnbc, Date: 2019-06-05  Authors: emma newburger
Keywords: news, cnbc, companies, millennials, test, used, plastic, packaging, waste, curb, pg, refillable, company, way, pgs, olay, moisturizer, million, unveils, skincare


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Cramer: Look to CSX earnings for your next stock play

CSX Transportation’s Tuesday earnings call gave some insight into what stocks could be worth playing, CNBC’s Jim Cramer said Wednesday. “You got an incredible snapshot of the economy from CSX, the best railroad around with a stock that caught fire today.” CSX was the first of the railroad stocks to report its most recent quarterly results, and its revenue break down gave a good look at the domestic economy, Cramer said. Caterpillar is a tough pick here because of its international exposure, but


CSX Transportation’s Tuesday earnings call gave some insight into what stocks could be worth playing, CNBC’s Jim Cramer said Wednesday. “You got an incredible snapshot of the economy from CSX, the best railroad around with a stock that caught fire today.” CSX was the first of the railroad stocks to report its most recent quarterly results, and its revenue break down gave a good look at the domestic economy, Cramer said. Caterpillar is a tough pick here because of its international exposure, but
Cramer: Look to CSX earnings for your next stock play Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-17  Authors: tyler clifford
Keywords: news, cnbc, companies, revenue, economy, look, earnings, business, stock, play, cramer, railroad, csx, management, waste, quarter


Cramer: Look to CSX earnings for your next stock play

CSX Transportation’s Tuesday earnings call gave some insight into what stocks could be worth playing, CNBC’s Jim Cramer said Wednesday.

“If you want to get an honest read on the economy, forget the government data from the Commerce Department,” the “Mad Money” host said. “You got an incredible snapshot of the economy from CSX, the best railroad around with a stock that caught fire today.”

The stock rose 4% during the trading day. The major U.S. indexes all dipped.

CSX was the first of the railroad stocks to report its most recent quarterly results, and its revenue break down gave a good look at the domestic economy, Cramer said.

“I was amazed at how strong their business is … Sure, CSX is an east-southeast railroad for the most part and its business doesn’t of course stretch overseas,” he said. “But that’s why it’s such a terrific tell for what’s happening in the U.S. economy, and it’s also fabulous source of inspiration if you’re on the hunt for new stock picks.”

Chemicals: CSX said chemical shipments improved 5% in the quarter. Cramer suggested Dow Chemical, which recently completed its spin off from DowDuPont, contributed to that growth. Dow has a 4.79% yield and a number of chemical plants in CSX territory, he said.

Automotive: CSX saw revenue from automotive companies increase 2%, bolstered in particular by SUV and truck deliveries. Cramer said both General Motors and Ford Motor come to mind, but the latter is a better play because it has more SUV and truck exposure within its ranks.

“Ford sells for just 8-times earnings. Stock yields more than 6%,” Cramer said. ” The company has streamlined [and] cut costs mercilessly. I know this is a gutsy call … I think you should buy Ford Motor at $9.50.”

Agribusiness: Revenue from the agriculture and food sector rose 12% in the quarter, powered by grain and ethanol, CSX said. Cramer suggested buying DowDuPont based on those results.

“DowDuPont, the one that spun-off Dow, is the way to play it, with its massive crop protection business, genetically modified seed business,” he said. “Plus, DowDuPont’s already preannounced a weak quarter so it’s appropriately de-risked.”

Forest products: CSX saw business in this sector grow 11% in the quarter, especially in building products and strong export demand, Cramer noted. The homebuilder giant Lennar would be a good buy based on that news.

Minerals: Revenue from minerals businesses, particularly in construction and paving, increased 8% in CSX’s most recent quarter. Caterpillar is a tough pick here because of its international exposure, but Waste Management makes for a reliable choice, Cramer said. Waste Management made a move to acquire a competitor, Advanced Disposal, for $3 billion this week.

“Jim Fish, the CEO of Waste Management … often commented that his best source of revenue is construction,” Cramer said. “Business is good, getting better. That’s the one to buy.”

“I’m doing real shorthand here, I’m just trying to give you a snapshot of the kind of thinking I do,” he said. “But it’s the craft that I’ve practiced it for 40 years. There are plenty of ways to skin the cat, this one works for me.”

Disclosure: Cramer’s charitable trust owns shares of DowDuPont.


Company: cnbc, Activity: cnbc, Date: 2019-04-17  Authors: tyler clifford
Keywords: news, cnbc, companies, revenue, economy, look, earnings, business, stock, play, cramer, railroad, csx, management, waste, quarter


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Stocks making the biggest moves midday: Spotify, Lyft, Waste Management & more

Check out the companies making headlines midday Monday:Citigroup — The bank’s stock fell 1% after reporting mixed quarterly results. Goldman Sachs — Shares of Goldman Sachs slid about 3% after the investment bank posted weaker-than-expected first-quarter revenue. The bank said Monday that revenue dropped 13% to $8.81 billion, below analyst’s $8.9 billion estimate. Waste Management — Shares of Waste Management rose 1.6% after the company announced plans to buy smaller rival Advanced Disposal Serv


Check out the companies making headlines midday Monday:Citigroup — The bank’s stock fell 1% after reporting mixed quarterly results. Goldman Sachs — Shares of Goldman Sachs slid about 3% after the investment bank posted weaker-than-expected first-quarter revenue. The bank said Monday that revenue dropped 13% to $8.81 billion, below analyst’s $8.9 billion estimate. Waste Management — Shares of Waste Management rose 1.6% after the company announced plans to buy smaller rival Advanced Disposal Serv
Stocks making the biggest moves midday: Spotify, Lyft, Waste Management & more Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-15  Authors: fred imbert, getty images
Keywords: news, cnbc, companies, spotify, moves, biggest, company, billion, lyft, dropped, management, waste, service, midday, sachs, stocks, shares, stock, revenue, making, fell


Stocks making the biggest moves midday: Spotify, Lyft, Waste Management & more

Check out the companies making headlines midday Monday:

Citigroup — The bank’s stock fell 1% after reporting mixed quarterly results. Citigroup’s earnings per share topped analyst expectations as the company repurchased more than $4 billion in stock. However, revenue fell amid a drag in equity-market trading.

Goldman Sachs — Shares of Goldman Sachs slid about 3% after the investment bank posted weaker-than-expected first-quarter revenue. The bank said Monday that revenue dropped 13% to $8.81 billion, below analyst’s $8.9 billion estimate. Sales of its institutional client services trading division, the bank’s biggest business, fell 18% year over year.

Levi Strauss — The jeans maker’s stock rose 1.4% after analysts at J.P. Morgan initiated it with an overweight and set a $26 year-end price target. “We view the combination of a strong tenured management team led by CEO C. Bergh and brand heritage … as a competitive advantage in expanding to a global lifestyle brand,” J. P. Morgan said in a statement.

Nokia — Nokia dropped nearly 5% after Goldman Sachs downgraded the stock to sell from neutral, citing increasing competition from companies like Samsung and Ericsson. Goldman’s estimates show Ericsson holds 29% of the global wireless networking market, Nokia and Huawei each hold 23%, while Samsung only holds 5% of the market.

Waste Management — Shares of Waste Management rose 1.6% after the company announced plans to buy smaller rival Advanced Disposal Services for about $3 billion. The top waste management service company would pay $33.15 per share in cash for Advanced Disposal, in a move to expand its footprint in the eastern United States.

Insys Therapeutics — Shares of the pharmaceutical company dropped nearly 10% after announcing CEO Saeed Motahari will leave his post. Andrew Long will be the new CEO. Motahari’s departure follows the end of closing arguments in the criminal trial of executive John Kapoor. Prosecutors say Kapoor, along with four co-defendants, bribed doctors.

Spotify Technology — Spotify dropped more than 5% after reports said Amazon is in talks to launch a free music streaming service. Billboard, citing sources familiar with the matter, reported the ecommerce giant would make the service available as soon as next week through its Echo speakers. Amazon’s move would put pressure on music-streaming giant Spotify, which has a freebie option that lets users listen to select albums.

Gogo — Shares of the in-flight internet service company soared over 13% after releasing preliminary first-quarter earnings and announcing a $900 secured notes offering. The company cited better-than-expected commercial aviation service revenue and low operating costs behind its financial gains.

Lyft — Shares of Lyft plunged 6.34% after the ride sharing company announced it will recall thousands of electric bikes in its bike-share programs in New York, Washington and San Francisco because of a braking problem. This came after riders reported “stronger than expected braking force on the front wheel.”

—CNBC’s Yun Li, Nadine El-Bawab and Jessica Bursztynsky contributed to this report.


Company: cnbc, Activity: cnbc, Date: 2019-04-15  Authors: fred imbert, getty images
Keywords: news, cnbc, companies, spotify, moves, biggest, company, billion, lyft, dropped, management, waste, service, midday, sachs, stocks, shares, stock, revenue, making, fell


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Waste Management to buy Advanced Disposal for about $3 billion in cash

Waste Management said on Monday it would buy smaller rival Advanced Disposal Services for about $3 billion, as the top waste management services provider looks to expand its footprint in the eastern United States. The offer of $33.15 represents a premium of about 22 percent to Advanced Disposal’s closing price of $27.14 on Friday and would be Waste Management’s biggest acquisition in more than nine years. Houston-based Waste Management provides waste management environmental services, and owned


Waste Management said on Monday it would buy smaller rival Advanced Disposal Services for about $3 billion, as the top waste management services provider looks to expand its footprint in the eastern United States. The offer of $33.15 represents a premium of about 22 percent to Advanced Disposal’s closing price of $27.14 on Friday and would be Waste Management’s biggest acquisition in more than nine years. Houston-based Waste Management provides waste management environmental services, and owned
Waste Management to buy Advanced Disposal for about $3 billion in cash Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-15  Authors: saul loeb, afp, getty images
Keywords: news, cnbc, companies, provides, waste, buy, expected, solid, management, disposal, advanced, united, billion, services, landfills, states, cash


Waste Management to buy Advanced Disposal for about $3 billion in cash

Waste Management said on Monday it would buy smaller rival Advanced Disposal Services for about $3 billion, as the top waste management services provider looks to expand its footprint in the eastern United States.

The offer of $33.15 represents a premium of about 22 percent to Advanced Disposal’s closing price of $27.14 on Friday and would be Waste Management’s biggest acquisition in more than nine years.

The acquisition is expected to generate more than $100 million in savings and capital expenditures annually after close, which is expected by the first quarter of 2020.

Houston-based Waste Management provides waste management environmental services, and owned or operated 247 solid waste landfills and five secure hazardous waste landfills as of December 2018.

Advanced Disposal, based in Ponte Vedra, Florida, is the fourth-largest solid waste company in the United States and provides non-hazardous solid waste collection, transfer, recycling and disposal services in 16 states and the Bahamas.

Advanced Disposal had a net debt of about $1.9 billion, Waste Management said.

The Wall Street Journal was the first to report that the companies were in deal talks.


Company: cnbc, Activity: cnbc, Date: 2019-04-15  Authors: saul loeb, afp, getty images
Keywords: news, cnbc, companies, provides, waste, buy, expected, solid, management, disposal, advanced, united, billion, services, landfills, states, cash


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‘Please do not waste this time,’ EU council chief tells UK after another Brexit extension

Donald Tusk, president of the European Council, told the U.K. on Thursday not to waste the additional time that has been agreed on for the country to leave the European Union. “Please do not waste this time,” Tusk said at a media conference after an eight-hour meeting with EU leaders. EU leaders and the U.K. government have agreed to a “flexible extension” of the Brexit deadline until Oct. 31. From now until Oct. 31, the U.K. also has “the possibility to revoke article 50 and cancel Brexit altog


Donald Tusk, president of the European Council, told the U.K. on Thursday not to waste the additional time that has been agreed on for the country to leave the European Union. “Please do not waste this time,” Tusk said at a media conference after an eight-hour meeting with EU leaders. EU leaders and the U.K. government have agreed to a “flexible extension” of the Brexit deadline until Oct. 31. From now until Oct. 31, the U.K. also has “the possibility to revoke article 50 and cancel Brexit altog
‘Please do not waste this time,’ EU council chief tells UK after another Brexit extension Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-11  Authors: yen nee lee
Keywords: news, cnbc, companies, tusk, waste, eu, european, tells, council, deal, brexit, extension, parliament, chief, country, uk, leave


'Please do not waste this time,' EU council chief tells UK after another Brexit extension

Donald Tusk, president of the European Council, told the U.K. on Thursday not to waste the additional time that has been agreed on for the country to leave the European Union.

“Please do not waste this time,” Tusk said at a media conference after an eight-hour meeting with EU leaders.

“This extension is as flexible as I expected and a little bit shorter than I expected, but it’s still enough to find the best possible solution,” he said.

EU leaders and the U.K. government have agreed to a “flexible extension” of the Brexit deadline until Oct. 31. Tusk had earlier suggested giving Britain another 12 months to approve and ratify a deal on how the country would leave the EU.

From now until Oct. 31, the U.K. also has “the possibility to revoke article 50 and cancel Brexit altogether,” said Tusk. He explained that Britain could leave the bloc earlier if members of its parliament find a consensus on a deal. The U.K. could also amend what it wants from a future trade pact with the EU, he added.

EU leaders would assess the situation surrounding Brexit again when they meet in June.

If British lawmakers don’t ratify a deal by May 22, the U.K. must participate in European Parliament elections scheduled for May 23-26, according to the extension document. Failure to do so means the U.K. will leave the bloc on June 1, the document said.

Prime Minister Theresa May later told reporters that “nothing is more pressing or vital” than finding a deal agreed by U.K. members of Parliament. She added that she wants to take the country out of the EU “as soon as possible.”


Company: cnbc, Activity: cnbc, Date: 2019-04-11  Authors: yen nee lee
Keywords: news, cnbc, companies, tusk, waste, eu, european, tells, council, deal, brexit, extension, parliament, chief, country, uk, leave


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Plastic packaging and straws usage: the recycling issue companies face

Consumers are driving change in FMCGs’ plastic use: Credit Suisse 3:28 AM ET Thu, 28 March 2019 | 03:07As consumers grow more environmentally conscious and ditch single-use plastics, companies have responded by working to incorporate more recycled materials into their plastic packaging. Those consumer companies, however, face a “fundamental issue” — a lack of plastic recycling policies in their countries, according to Credit Suisse’s head of environmental, social and governance research for Aust


Consumers are driving change in FMCGs’ plastic use: Credit Suisse 3:28 AM ET Thu, 28 March 2019 | 03:07As consumers grow more environmentally conscious and ditch single-use plastics, companies have responded by working to incorporate more recycled materials into their plastic packaging. Those consumer companies, however, face a “fundamental issue” — a lack of plastic recycling policies in their countries, according to Credit Suisse’s head of environmental, social and governance research for Aust
Plastic packaging and straws usage: the recycling issue companies face Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-03-29  Authors: shirley tay, china photos, getty images news, getty images
Keywords: news, cnbc, companies, content, usage, companies, waste, face, recycled, suisse, credit, plastic, consumers, packaging, recycling, straws, globally, issue


Plastic packaging and straws usage: the recycling issue companies face

Consumers are driving change in FMCGs’ plastic use: Credit Suisse 3:28 AM ET Thu, 28 March 2019 | 03:07

As consumers grow more environmentally conscious and ditch single-use plastics, companies have responded by working to incorporate more recycled materials into their plastic packaging.

Those consumer companies, however, face a “fundamental issue” — a lack of plastic recycling policies in their countries, according to Credit Suisse’s head of environmental, social and governance research for Australia.

“The (fast moving consumer goods companies’) response is really focusing on recycled content — they’ve set targets globally, to achieve at least 30 percent recycled content in all their plastic packaging,” Phineas Glover told CNBC at the Credit Suisse Asian Investment Conference in Hong Kong on Thursday.

Referring to overall plastic waste, he said: “Some of it we just can’t recycle at the moment … Many nations just haven’t developed their own plastic recycling policies.”

Adding to that problem is the ban that China put on waste imports globally.


Company: cnbc, Activity: cnbc, Date: 2019-03-29  Authors: shirley tay, china photos, getty images news, getty images
Keywords: news, cnbc, companies, content, usage, companies, waste, face, recycled, suisse, credit, plastic, consumers, packaging, recycling, straws, globally, issue


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Suze Orman: If you waste money on coffee, it’s like ‘peeing $1 million down the drain’

Is your daily coffee habit worth the money? Suze Orman, financial expert and best-selling author of “Women and Money,” doesn’t think so. That’s because takeout coffee is a “want,” not a “need,” Orman says. Let’s say you spend around $100 on coffee each month. “You need to think about it as: You are peeing $1 million down the drain as you are drinking that coffee,” Orman says.


Is your daily coffee habit worth the money? Suze Orman, financial expert and best-selling author of “Women and Money,” doesn’t think so. That’s because takeout coffee is a “want,” not a “need,” Orman says. Let’s say you spend around $100 on coffee each month. “You need to think about it as: You are peeing $1 million down the drain as you are drinking that coffee,” Orman says.
Suze Orman: If you waste money on coffee, it’s like ‘peeing $1 million down the drain’ Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-03-28  Authors: emmie martin, -suze orman, author of, women, money
Keywords: news, cnbc, companies, orman, think, rate, instead, waste, 100, drain, money, suze, need, return, peeing, million, coffee


Suze Orman: If you waste money on coffee, it's like 'peeing $1 million down the drain'

Is your daily coffee habit worth the money?

Suze Orman, financial expert and best-selling author of “Women and Money,” doesn’t think so. “I wouldn’t buy a cup of coffee anywhere, ever — and I can afford it — because I would not insult myself by wasting money that way,” she tells CNBC Make It.

That’s because takeout coffee is a “want,” not a “need,” Orman says. Instead, that cash could be invested and put to work, she argues.

Let’s say you spend around $100 on coffee each month. If you were to put that $100 into a Roth IRA instead, after 40 years the money would have grown to around $1 million with a 12 percent rate of return. Even with a seven percent rate of return, you’d still have around $250,000.

“You need to think about it as: You are peeing $1 million down the drain as you are drinking that coffee,” Orman says. “Do you really want to do that? No.”

When it comes to saving for the future, “Every single penny counts.”


Company: cnbc, Activity: cnbc, Date: 2019-03-28  Authors: emmie martin, -suze orman, author of, women, money
Keywords: news, cnbc, companies, orman, think, rate, instead, waste, 100, drain, money, suze, need, return, peeing, million, coffee


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