Business

Jun

26

2021

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By Troy Warren

International travel gradually reopens – with lots of caveats

Business, TravelAAA, COVID-19Travel, DeltaAirlines, InternationalFlights, Travel

By Kelly Yamanouchi, The Atlanta Journal-Constitution Troy Warren for CNT International travel destinations are opening up again as the summer travel season shifts into higher gear — but not without hurdles or headaches. Delta Air Lines is ramping up its schedule of routes to Europe, including starting flights from Atlanta to Athens, Venice, Barcelona and Madrid starting in July and August. Most foreign carriers have restarted flights from Atlanta, including Qatar Airways and Lufthansa relaunching service earlier this month. Mexico and much of the Caribbean have been welcoming tourists for months. Tourism is still heavily restricted in much of Asia, though. Same for Canada, the United Kingdom and…

Jun

25

2021

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By Troy Warren

Nike shares surge premarket on North American sales, outlook

BusinessNike, NikeShares, NikeShoes

By MICHELLE CHAPMAN, Associated Press Troy Warren for CNT Nike’s shares are soaring before the opening bell Friday, as the footwear and clothing company posted record fiscal fourth-quarter sales in North America and gave a better-than-anticipated full-year revenue forecast. The Beaverton, Oregon-based company's revenue totaled $12.34 billion in the fourth quarter, easily beating the $11.06 billion that analysts polled by Zacks Investment Research predicted. In North America, Nike Inc.'s revenue soared 141% to $5.38 billion. Nike also experienced strong sales for its namesake brand, rising 88% to $11.8 billion. Revenue for the Converse brand climbed 85% to $596 million. Sales were…

Jun

25

2021

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By Troy Warren

Trump’s company could face criminal charges in New York City

Business, In The NewsDonaldTrump, TrumpOrganization

By BERNARD CONDON, Associated Press Troy Warren for CNT NEW YORK — Manhattan prosecutors are considering filing criminal charges soon against Donald Trump’s company, stemming from a long-running investigation into the former president’s business dealings. The New York Times, citing sources familiar with the matter, reported that charges could be filed against the Trump Organization as early as next week related to fringe benefits the company gave to top executives, such as use of apartments, cars and school tuition. Trump Organization lawyer Ron Fischetti said he met virtually with prosecutors Thursday for about 1 ½ hours to try to persuade them not to…

Jun

25

2021

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By Troy Warren

Delete salon helps those wanting to erase their ink

Business, In The News, LifestyleDeleteItNow, MarciWhite, TattooRemoval

Georgann Yara Special for The Republic Troy Warren for CNT She was born in Chicago and intended to focus on the game. But when Marci White took her staff to a Chicago Cubs spring training game, she couldn’t ignore a huge distraction. It started when attendees, mostly from the Windy City, took off their shirts to soak up the Arizona sun. “There was a sea of not-artistic tattoos,” said White, who pondered whether the ink was still loved by its bearers. “I saw pretty awful tattoos and wondered, ‘What do you do if you don’t want these tattoos anymore?’” White, a veteran of the hospitality…

Jun

25

2021

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By Troy Warren

Carnival loses $2.1 billion waiting for cruising to resume

Business, TravelArnoldDonaldCEO, CarnivalCruise, CruiseIndustry, Pandemic, Travel

By The Associated Press Troy Warren for CNT MIAMI — Carnival Corp. said it lost more than $2 billion in its latest quarter as the company’s cruise lines remained mostly shut down by the pandemic, but it said bookings for next year are running ahead of 2019′s pace. Shares of the Miami-headquartered company fell 2.5% on Thursday. The cruise industry was a visible early victim in the pandemic, as passengers and crew members tested positive for COVID-19 and some ships were turned away from ports. The industry has battled the U.S. Centers for Disease Control and Prevention over health requirements for…

Jun

25

2021

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By Troy Warren

BuzzFeed Going Public, Valued At $1.5B In SPAC Merger

Business, DigitalBuzzFeed, SPACMerger

BY ALEX WEPRIN | HollywoodReporter.Com Troy Warren for CNT The digital media company, merging with a blank check firm named after the headquarters of Marvel's Avengers, plans to use the fresh cash to acquire Complex Networks. Digital media giant BuzzFeed is merging with a special purpose acquisition company (SPAC) and going public in a bid to roll up and consolidate some of the digital media industry. The deal will value the company at $1.5 billion. The company says that it has agreed to merge with 890 5th Avenue Partners, a SPAC which raised $250 million in an IPO earlier this year. 890 5th…

Jun

25

2021

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By Troy Warren

UPS zeroes in on most profitable packages to deliver

Business, In The NewsCEOCarolTomé, UPS

By Kelly Yamanouchi, The Atlanta Journal-Constitution Troy Warren for CNT With more goods being delivered to doorsteps by an increasing number of companies, shipping giant UPS is zeroing in on the most profitable types of deliveries and customers. “UPS operates in a large and growing marketplace,” said CEO Carol Tomé said during an investor presentation Tuesday The company aims to bring in $98 billion to $102 billion in revenue in 2023, up from $84.6 billion last year. Meanwhile, the small package delivery industry worldwide is expected to bring in $600 billion a year by 2023, up from $452 billion in 2020. “Our focus is…

Jun

24

2021

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By Troy Warren

U.S. jobless claims tick down to 411,000 as economy heals

Business, In The NewsEconomy, joblessclaims, Unemployment

By CHRISTOPHER RUGABER, Associated Press Troy Warren for CNT WASHINGTON — The number of Americans applying for unemployment benefits dropped last week, a sign that layoffs declined and the job market is improving. The Labor Department said Thursday that jobless claims declined just 7,000 from the previous week to 411,000. The number of weekly applications for unemployment aid has fallen steadily this year from about 900,000 in January. The level of unemployment claims generally reflects the pace of layoffs. As the pandemic fades, states and cities are lifting more business restrictions — California just fully reopened June 15 — and the economy is…

Jun

23

2021

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By Troy Warren

Ryan Reynolds’ Maximum Effort Marketing Acquired by MNTN

Business, Celebrity, Digital, EntertainmentMaximumEffortMarketing, RyanReynolds

BY J. CLARA CHAN | HollywoodReporter.Com Troy Warren for CNT Maximum Effort Productions is not part of the deal and will continue to operate as a standalone company. Ryan Reynolds’ Maximum Effort Marketing, the agency behind viral ads for Match and Mint Mobile, has been acquired by the advertising software company MNTN. As part of the deal, Maximum Effort Marketing will retain its identity and exist as an agency within MNTN (“mountain”). Reynolds will serve as MNTN’s chief creative officer while George Dewey will become the company’s chief brand officer, while also retaining his position as president of Maximum Effort. Reynolds’ Maximum Effort Productions, which signed…

Jun

23

2021

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By Troy Warren

Ryan Reynolds’ Maximum Effort Marketing Acquired by MNTN (Exclusive)

Business, Digital, EntertainmentGeorgeDewey, MaximumEffortMarketing, MaximumEffortProductions, MNTN, RyanReynolds

BY J. CLARA CHAN | HollywoodReporter.Com Troy Warren for CNT Maximum Effort Productions is not part of the deal and will continue to operate as a standalone company. Ryan Reynolds’ Maximum Effort Marketing, the agency behind viral ads for Match and Mint Mobile, has been acquired by the advertising software company MNTN. As part of the deal, Maximum Effort Marketing will retain its identity and exist as an agency within MNTN (“mountain”). Reynolds will serve as MNTN’s chief creative officer while George Dewey will become the company’s chief brand officer, while also retaining his position as president of Maximum Effort. Reynolds’ Maximum Effort Productions, which signed…

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