Morgan Stanley Cuts Ceo Gorman S Pay to $315mn after Profits Drop
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Sony reports 7% drop in annual profit as PlayStation 5 sales miss trimmed target
Sony on Tuesday reported a 7% drop in annual profits in the fiscal year 2023, logging its first drop in annual profits since 2020.CNBC - Business -
Plans to criminalise UK rough sleepers dropped after backlash
Measures would have seen homeless people prosecuted for ‘excessive smell’Financial Times - Business - United Kingdom -
Sony to Adopt Dual-CEO Structure for Videogame Unit
The company said it would adopt a new leadership structure for its Sony Interactive Entertainment unit overseeing PlayStation, with two separate chief executives.The Wall Street Journal - Business -
RFK Jr.’s Running Mate, Nicole Shanahan, Ventures Onto the Stump
The Silicon Valley lawyer, chosen by Robert F. Kennedy Jr. as his running mate, made her first solo outing on the stump. She is to appear alongside him at a rally on Monday in Austin, Texas.The New York Times - Top stories -
Kylian Mbappé Is P.S.G.’s GOAT — but He Is Not Loved Like One
Nothing better summed up the French striker’s time at Paris St.-Germain than his final home game.The New York Times - Sports -
On Holding more than doubles profit
On Holding, the Swiss apparel maker backed by tennis legend Roger Federer, said its first-quarter profit more than doubled on strong direct-to-consumer sales.MarketWatch - Business -
U.K. Jobs Market Eases in Boost for June Rate-Cut Hopes
Unemployment ticked higher in the three months to March, continuing a trend of rising joblessness, while the average regular pay grew at the same rate as in the previous period.The Wall Street Journal - World - United Kingdom -
OPEC+ Potential Extension of Output Cuts Isn't Done Deal, Goldman Says
OPEC+ is expected to extend output cuts at its June meeting, but recent mixed messages from Russia and Iraq suggest no final decision has been made yet, Goldman Sachs said.The Wall Street Journal - World -
Tencent Profit Jumps as High-Margin Businesses Grow
Chinese technology giant Tencent reported a sharp rise in profit for the first quarter, buoyed by rapid growth in its high-margin businesses.The Wall Street Journal - World -
R.F.K. Jr. Is 2024’s X Factor, New Polls Show, Fueled by Young Voters and Social Media
Half of Robert F. Kennedy Jr.’s supporters said they were voting chiefly for him, and nearly half said their support was mostly a vote against President Biden or former President Donald J. Trump.The New York Times - Top stories -
Your favorite WNBA rookies didn’t make the cut. So what’s their path back to the league?
For rookies who were waived, the climb to their pro dreams is steeper, but the path ahead is well-worn with trail markers of established success.Yahoo Sports - Sports -
BHP cannot pay enough to force Anglo to do the heavy lifting
Miner could restructure itself and reap potential rewards without the overhang of Australian rival’s dealFinancial Times - Business -
Biden Administration to Pay Dairy Farmers for Bird Flu Protective Measures
The payment system amounted to one of the most forceful actions taken so far by agriculture officials who have raced to keep up with the spread of the virus among dairy cows.The New York Times - Business - Joe Biden -
Foxconn Posts Profit Surge as It Bets on AI for Long-Term Growth
The world’s largest contract electronics manufacturer backed its upbeat outlook for the year after posting a surge in first-quarter profit.The Wall Street Journal - World -
Sony Group Profit Jumps on Stronger Game, Movie Earnings
The Japanese entertainment and electronics company reported a fourth-quarter net profit beat.The Wall Street Journal - World - Entertainment -
Unite against the right, urges EU far-left leader
Also in this newsletter: the warming ties between Greece and TurkeyFinancial Times - World - European Union -
Japan's Sony reports surge in profit on strong sales of movies, games and music
Sony has reported that its profit surged 34% in the last quarter from a year earlier on strong sales of its video games, music and moviesABC News - Entertainment -
Tencent profits surge on ad revenues as gaming sales struggle
Financial Times - Business -
Harris drops "F-bomb" while encouraging Asian Americans to break barriers
Vice President Kamala Harris was participating in a conversation moderated by actor and comedian Jimmy O. Yang.CBS News - Politics -
Childish Gambino drops 'Atavista,' the 'finished version' of '3.15.20,' and announces tour
Childish Gambino (a.k.a. Donald Glover) released the 'finished' version of his 2020 album '3.15.20' on Sunday as 'Atavista' and will take the music on a world tour.Los Angeles Times - Entertainment -
Rangers drop 2 in row, to 'see what we're made of'
Rangers captain Jacob Trouba said New York's failure to close out the Hurricanes at home in Game 5 presents an important character test for his team.ESPN - Sports -
NWSL Power Rankings: KC Current remain undefeated, Bay FC drop
KC Current keep going strong and remain top, while Bay FC drop down in our NWSL Power Rankings.ESPN - Sports -
DOJ recommends 40 years for Pelosi attacker
David DePape was found guilty of attempted kidnapping of a U.S. official and assault on a family member of a U.S. official last November.Politico - Politics -
Tencent posts fastest profit growth in 3 years as online ads, business services offset slower gaming
Tencent saw slightly better performance in its core gaming business as well as improved profitability in its advertising and business services division.CNBC - Business -
Google's Sundar Pichai and Microsoft's Satya Nadella Drop Their Version of a Tech Diss Track. Who Comes Out on Top?
As the big tech arms race rages on, some early winners are clearInc. - Business -
Sabadell suspends buybacks after BBVA takeover approach
Banco de Sabadell is temporarily suspending its share buyback program at the Spanish market regulator’s request following Banco Bilbao Vizcaya Argentaria’s hostile takeover approach.MarketWatch - Business -
66 LA County probation officers placed on leave after misconduct allegations
Of the 66 officers placed on leave, 39 were for general misconduct, including suspected use of excessive force, child endangerment or abuse, possession of contraband and negligent supervision.CBS News - Top stories -
International student deposits in UK dive after graduate visas tightened
Rishi Sunak set to make a decision on whether to axe graduate route altogether as early as this weekFinancial Times - Business - United Kingdom -
Anglo American plans break-up after rejecting £34bn BHP bid
Miner to sell or demerge De Beers diamond unit, Amplats operation and coking coal assetsFinancial Times - Business -
Iranian filmmaker flees his country after flogging, prison sentence
Award-winning Iranian director Mohammad Rasoulof has fled to Europe just days after he was sentenced to prison, lashings and confiscation of property by the Islamic Republic. “I arrived in Europe a few days ago after a long and complicated ...The Hill - Politics - Iran -
Gaza protests: Oxford university steps up security after 'incident'
Yahoo News - World -
Iowa's Bluder retires after 24 seasons, 528 wins
Longtime Iowa women's basketball coach Lisa Bluder has retired after going 65-12 the past two seasons with Caitlin Clark leading the way.ESPN - Sports -
Lozano prefers Liga MX over MLS after Europe
Mexico international and PSV Eindhoven winger Hirving "Chucky" Lozano said he would prefer to return to Liga MX over a rumored move to MLS, but his top choice would be to remain playing in Europe.ESPN - Sports - MLS