Breaking into business, slapping library patron land man in jail
Braeden McKenzie appeared in provincial court recently and received four months in jail after pleading guilty to several charges.
It was 3:30 a.m. on July 8 when a resident who lived above The Wandering Market heard strange noises coming from the building’s rear, so he went to investigate.
To his surprise, he found a face mask-wearing Braeden McKenzie entering the building through the overhead door window. The tenant grabbed a shovel and attempted to fend off the intruder, but McKenzie gained access and began chasing the man and attacked him.
The police eventually arrived and arrested the 21-year-old Moose Jaw man.
“The police do indicate that Mr. McKenzie did have minor injuries related to the physical altercation when he was arrested; however, he did not require any medical attention,” Crown prosecutor Rob Parker said recently while reading the facts in Moose Jaw Provincial Court.
“The police also … seized a crowbar (near the scene), which he had in his possession while he was still outside the building. But he did not take it into the building with him, so it was not used in any way as part of the assault.”
Three months earlier, on April 13, police responded to a disturbance at the Moose Jaw Public Library where they found a senior standing in the lobby with blood dripping from his nose, Parker continued.
The man told police he was in a bathroom at the library when McKenzie and a friend began pounding on the door, telling him to hurry, but he told them that he had just entered the washroom.
“Mr. McKenzie began yelling and became agitated. When (the victim) exited the bathroom, he was slapped on the side of the face by McKenzie,” said Parker.
This slap caused the man’s glasses to fall off his face, while
Intern, extern programs win for your business; invest in our future local workforce | Chamber Commentary | Business
During my career in banking, which spans 40 years, I have only met a handful of people who actually intended to have a career in banking. The rest of them, myself included, just sort of fell into it.
It seems most people do not think about becoming a banker.
Maybe they think it is boring, or that there is little diversity of opportunity. Neither could be further from the truth, but nonetheless, it poses challenges when it comes to hiring.
Commentary: While child care remains the quiet backbone of the workforce and the economy, CRR is dedicated and determined to advocate for inclusive, quality, accessible, child care by developing county-wide systems, building best practices for policymakers, and advocating for the most important, valuable, and vulnerable people in our community: the children.
U.S. Steel explores options after rejecting $7.3 bln offer from Cleveland-Cliffs
Steel workers at U.S. Steel Granite City Works in Granite City, Illinois, U.S., May 24, 2018. REUTERS/Lawrence Bryant/File Photo Acquire Licensing Rights
Aug 13 (Reuters) – United States Steel Corp (X.N) on Sunday launched a formal review of its strategic options, after rebuffing a takeover offer from rival steelmaker Cleveland-Cliffs Inc (CLF.N).
The unsolicited cash-and-stock offer from Ohio-based Cliffs valued U.S. Steel at about $7.3 billion, representing a 43% premium to its closing price on Friday.
Cliffs went public with its offer after U.S. Steel rejected the bid as being “unreasonable” and instead announced a formal review process, saying the company received multiple bids for parts or all of its business.
“Cliffs feels compelled to make its offer publicly known for the direct benefit of all of U.S. Steel’s stockholders and also make it known that Cliffs stands ready to engage on this offer immediately,” Cliffs said in a statement.
Cliffs said it had offered to pay $17.50 in cash and 1.023 shares of its own stock for each U.S. Steel share, which implied a 42% premium to U.S. Steel’s closing share price on July 28 when Cliffs privately approached the company.
A merger between Cliffs, which currently has a market capitalization of about $7.5 billion, and U.S. Steel would create a global steelmaking giant and help it compete better in an industry that is largely dominated by China.
Cliffs’ approach came after U.S. Steel reported its fifth consecutive quarter of profit declines and fourth straight quarter of falling revenue.
While its second-quarter revenue beat analysts’ forecasts, U.S. Steel shares were still trading on a weak price-to-earnings ratio of 5.7, well below the sector median of 9.0, with its shares down roughly 9.3% year to date.
Cliffs has been one of the most acquisitive players in the industry, having bought
The FTC finds that breaking up big business is hard to do : NPR
Is the Federal Trade Commission on a losing streak? Critics argue that under Linda Khan’s leadership it is bringing cases to court that it can’t win.
MICHEL MARTIN, HOST:
The chair of the Federal Trade Commission is facing increased scrutiny over some high-profile losses in antitrust cases. Our colleague Darian Woods at The Indicator from Planet Money takes a look.
DARIAN WOODS, BYLINE: The Federal Trade Commission has two main functions, and one is to penalize companies that behave badly, like by lying to consumers, and the other is to stop companies from buying up other companies in a way that hurts competition. And that’s been going way up under Lina Khan. The year she took on her role as chair in 2021, letters of investigation for mergers and acquisitions nearly doubled. We spoke to Tara Reinhart. Tara worked for the FTC as the chief trial counsel for its Bureau of Competition.
TARA REINHART: For all of us antitrust nerds, it’s definitely an intellectual wonderland and full of supportive people and big thinkers.
WOODS: Tara is now a partner at the law firm Skadden. And Skadden is on the other side of the ring to the FTC. It represents the companies that want to merge. But Tara says the FTC is still near and dear to her heart. And she says at the core of that intellectual wonderland has been what’s known as the consumer welfare standard.
REINHART: Business should be permitted to go out and grow through acquisitions as they see fit unless the deal is likely to hurt consumers.
WOODS: The FTC and also the Justice Department are now rejecting that view, even though it’s been the dominant principle for about 40 years.
REINHART: They want to reestablish the view that if a merger pretty much causes harm
Is Social Media a Secret Weapon for American Businesses
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In 2023, the modern business no longer looks like a brick and mortar store and can now include small businesses, startups, and online enterprises just as leading industry brands that have been established for decades. With the online environment and such diversity in how products and services are now sold, more and more businesses are beginning to consider the impact of social media and how they can use these platforms to their advantage.
Why is social media driving change?
As the internet is used to perform a host of activities and share content (memes are popular, so why not use a free online GIF maker to create your own moving ones?) gaining a foothold in digital environments is becoming increasingly more necessary for those wanting to enhance their influence and maximize reach. Right now, this isn’t as simple as creating a website, ecommerce page, or similar to engage with audiences anymore – and with statistics suggesting that social media platforms generated around $992 billion just last year through online purchases, it’s simple to see why.
Outside of straight sales, around 70% of consumers that interact positively with a brand’s social media presence are likely to both recommend the products and services on offer and connect with them on a more consistent basis. This is one of the leading reasons why it can be especially important to not only create a strong brand image on social media, but also to maintain profiles and create unique marketing campaigns that suit the needs of selected platforms.
Top benefits of creating a social media presence for businesses
Social media profiles are a fantastic aspect of digital marketing and can transform how businesses operate and interact with the online landscape. With this in mind, here are the top benefits of having a social
Trade deficit in danger of being sidelined in UK’s fight against inflation | Larry Elliott
Britain’s economy has barely grown for 18 months. The level of activity today is pretty much the same as it was when Russia invaded Ukraine in February 2022 and gave an added boost to already strong inflationary pressure.
The sideways drift is noteworthy in itself. Economies don’t very often have prolonged periods when they operate at stall speed; they either bounce back or slip into recession. Not since the late 1950s has the UK experienced anything like its recent torpor.
But everything’s relative. Given what was being predicted for the economy at the end of 2022, the latest official growth figures were surprisingly strong. By this point, Britain was supposed to be halfway through a long recession so, in that context, Rishi Sunak and Jeremy Hunt are entitled to feel relieved. While probably imperceptible to most people, news that the economy grew by 0.2% in the second quarter of 2023 was enough for the prime minister and the chancellor to claim their plan was working.
The inflation figures due out on Wednesday will provide another opportunity for Sunak and Hunt to say that the tide has turned. With last July’s big jump in energy prices not repeated this year, the government’s preferred measure of the cost of living, the consumer prices index, is thought likely to show an annual increase of 6.8%, down from 7.9% in the year to June.
Last month’s rotten weather means there is a chance that inflation might even be lower than expected. The British Retail Consortium reported last week that its members offered big discounts to shift summer stock.
As a result the prime minister now has a decent chance of achieving two of the three economic goals he set at the start of the year: to grow the economy and to halve the
Google Removing All Canadian News Sites From Searches After Law Requires Payments For Outlets
Topline
Google announced Wednesday it will remove links to Canadian news sites from its search results and other products for users in Canada, following a similar decision by Facebook’s parent company Meta last week, after the country passed a new law requiring internet companies to pay news publishers for their content.
Google announced Wednesday it will remove links to Canadian news sites from its search results and … [+]
Key Facts
Kent Walker, Google’s president of global affairs, said Wednesday the company is “disappointed” the Online News Act was approved, adding it is “the wrong approach to supporting journalism in Canada.”
Walker noted that links to Canadian news sites will be removed when the law comes into effect, which is expected to happen in December, according to Reuters.
Richard Gingras, Google’s vice president of news, signaled in testimony to a Canadian Senate committee last month that Google would remove links to news articles in Canada if the law was passed.
Meta announced last week it would block access to news articles for all Facebook and Instagram users in Canada, adding the company thought the law was “fundamentally flawed legislation.”
Neither Meta nor Google said whether it would allow news in the future, though Google indicated it would “continue to be transparent with Canadians and publishers as we move forward.”
Big Number
3.6 billion. That’s how many times Google linked to Canadian news publications last year, according to the company.
Key Background
The Online News Act requires internet platforms to bargain with news publishers for a licensing partnership independent of the Canadian government. The bill’s goal was to “enhance fairness in the Canadian digital news marketplace” and make news sites more financially sustainable, as the media industry
Kraft Heinz CEO steps down, replaced with head of North American business
Packaged foods giant Kraft Heinz said Carlos Abrams-Rivera, the company’s executive vice president and president of its North American business, will take over as chief executive Jan. 1.
Abrams-Rivera will succeed Miguel Patricio, who has been CEO since 2019. Abrams-Rivera, 56, will become president of the company effective immediately.
“The transition from Miguel to Carlos reflects the board’s thoughtful succession planning and we are confident that the company will continue to accelerate growth with Carlos assuming the role of CEO,” said Jack Pope, lead director of the Kraft Heinz board, in a statement. “He is an experienced leader with a long tenure in the food and beverage industry who has shown consistency and excellence in execution.”
Abrams-Rivera said in a statement that he was “humbled and honored” to be appointed CEO. Abrams-Rivera joined Kraft Heinz in 2020 from the Campbell Soup Co., where he was executive vice president of Campbell Snacks. He had previously worked in numerous roles for Chicago-based Mondelez, including a stint as president of Mondelez Mexico. Abrams-Rivera started his food career as a senior brand manager at Kraft Foods Group.
Patricio, 57, will become nonexecutive chair of the company’s board. He became CEO in 2019, as Kraft Heinz struggled to come back from declining sales and cost-cutting measures, including the layoff of more than 2,000 workers in 2015. He had previously spent two decades at Anheuser-Busch InBev.
The company announced further cost-cutting measures under Patricio’s leadership in 2020, when it said it would cut $2 billion in costs over five years with plans to put the savings toward marketing brands with high growth potential, such as Heinz ketchup and Oscar Mayer lunchables. Sales were buoyed during the COVID-19 pandemic, as shoppers loaded up on shelf-stable foods to cook at home.
The company, which is co-headquartered
Investment & Cryptocurrency News – Forbes Advisor UK
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15 August: PayPal Presses Pause On Crypto Sales From October
Online payments company PayPal will pause the sale of cryptocurrencies on its platform for at least three months from 1 October, writes Mark Hooson.
In a message to customers today, 15 August, PayPal said it would not resume crypto sales until an unnamed date in “early 2024” as it takes steps to comply with new Financial Conduct Authority (FCA) rules.
In the meantime, says PayPal, customers will still be able to sell or hold their crypto on the platform while it introduces