A Rentokil employee preparing equipment. Newscast | Universal Images Group | Getty ImagesPest control maker Rentokil Initial said Wednesday that Trian partner Brian Baldwin would join the Terminix owner’s board effective next week.The company said Baldwin, who has worked at Nelson Peltz’s firm since 2007, will also join the nominating and compensation committees. The accession comes three months after Trian first disclosed a roughly $400 million position in Rentokil, and two weeks after the company issued a profit warning.Rentokil has struggled since it completed its nearly $7 billion acquisition of Terminix in 2022. Initially cheered by analysts, the company has had…
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BOSTON — Missing out on the Finals MVP award and getting benched in the Olympics must have been challenging for Jayson Tatum to handle.Still, he said Tuesday morning, Boston Celtics coach Joe Mazzulla loved to see the All-NBA forward gifted potential sources of motivation.“Joe was probably the happiest person in the world that I didn’t win Finals MVP and that I didn’t play in two of the games in the Olympics,” Tatum said at the Celtics’ media day. “So, that was odd, but if you know Joe it makes sense.” Jayson Tatum: “I talked to Joe a lot. Joe was…
AT & T has emerged as a Wall Street favorite ahead of the upcoming earnings release cycle. Just two days after Goldman Sachs named AT & T its top telecom pick, JPMorgan reiterated it as one of its best ideas. JPMorgan analyst Sebastiano Petti called AT & T a broader “value pick” as it currently trades on a valuation discount relative to other names in the sector. Petti holds an overweight rating and $24 price target on shares, which implies upside of more than 11% from Tuesday’s close. AT & T’s ongoing fiber optic additions in its broadband businesses well-positions…
A logo for financial service company Merrill Lynch is seen in New York.Emmanuel Dunand | Afp | Getty ImagesThe Securities and Exchange Commission charged Harvest Volatility Management and Merrill Lynch on Wednesday for exceeding clients’ predesignated investment limits over a two-year period.Merrill, owned by Bank of America, and Harvest have agreed in separate settlements to pay a combined $9.3 million in penalties to resolve the claims.Harvest was the primary investment adviser and portfolio manager for the Collateral Yield Enhancement Strategy, which traded options in a volatility index aimed at incremental returns. Beginning in 2016, Harvest allowed a plethora of accounts…
No, it’s not really Apple or Microsoft popping up on your screen to tell you your computer has been infected.It’s scammers trying to convince you to call them and divulge sensitive information, which may include passwords, bank or credit account information or Social Security numbers.”They use the reputation of the brand [for legitimacy purposes] to make it seem more real,” said Cliff Steinhauer, director of information security and engagement at The National Cybersecurity Alliance. “Because, who doesn’t know Microsoft or Apple as a brand?”Consumers are likely to see more of these types of scams now, in the wake of Apple’s…
NEW YORK — Sabrina Ionescu’s final pass of the New York Liberty’s 91-82 Game 2 victory over the Atlanta Dream was to no one in particular. In fact, it was less of a chest pass, and more of a celebratory spike — an emphatic bounce of the basketball around midcourt after a 36-point, nine-assist masterclass that lifted the top-seeded Liberty into the WNBA semifinals. Ionescu opened Tuesday’s scoring with a 3-pointer on New York’s first possession and sealed the victory with the series’ final pair of free throws. She did plenty in between after saying the Liberty had no intentions of…
Analysts are warning that Coinbase could be entering a down trend after the stock scored a six-day-long advance. The crypto exchange operator finished almost 1% higher Tuesday at $171.68 per share and notched its longest string of gains since early March, around the time that bitcoin hit an all-time high. During the latest rally, Coinbase climbed 6.3% from Sept. 16 through Tuesday. In early trading Wednesday, Coinbase rose as much as 1.3%, paving the way for what may be its seventh straight gain. What’s worrying now for technical analysts who watch price charts, however, is that earlier this week Coinbase’s…
A Starbucks worker wears a t-shirt and button promoting unionization on April 7, 2022, in Chicago. John J. Kim | Chicago Tribune | Tribune News Service | Getty ImagesStarbucks CEO Brian Niccol said the coffee chain is committed to bargaining in good faith with the union that represents many of its baristas, as the two sides work to craft a labor deal.”I deeply respect the right of partners to choose, through a fair and democratic process, to be represented by a union,” Niccol wrote on Tuesday in a letter to the union obtained by CNBC. “If our partners choose to be…
Anna Barclay | Getty ImagesTrump Media stock shot up more than 11% Wednesday morning, as the company majority owned by Donald Trump looked to claw back losses from a punishing sell-off that picked up steam after insiders’ lockups expired.DJT stock rose at the opening bell and popped higher around 10 a.m. ET, with shares trading above $14.10. Trump Media closed more than 5% higher Tuesday, snapping a six-day losing streak.The positive turn for the Truth Social owner follows a monthslong stock slump that erased billions of dollars from the company’s market capitalization. Stock Chart IconStock chart iconTrump Media (DJT) Stock…
Football shirts were once an item of clothing for a) players to wear at work, and b) fans to sport on the terraces in solidarity with the lads out on the pitch.Now, what must seem abruptly to the uninitiated, they have become the uniform for British music festivals and a source of inspiration for major fashion houses.Several moments signalled the shift to football shirts becoming mainstream during the 2010s.For example, Drake, the Canadian music artist, wore the 2015-16 season’s pink away shirt of leading Italian club Juventus, leading to an internet scramble from his fanbase. And two years later, the…
