Kamis, 01 Agustus 2019

The Impossible Whopper is coming to every Burger King in America next week - CNN

The burger chain has been selling the Impossible Whopper, featuring a meatless patty made by Impossible Foods, in a few markets in the United States since April. It first tested the product in St. Louis before announcing in May that it would offer the Impossible Whopper nationally this year.
Interest in plant-based protein has surged as many people try to reduce their meat intake for health or environmental reasons. US retail sales of plant-based foods have grown 11% in the past year, according to a July report from trade group Plant Based Foods Association and the Good Food Institute, a nonprofit that supports plant-based businesses.
The Impossible Whopper has been performing well, Chris Finazzo, Burger King's president for the Americas, told CNN Business.
"It's driven new guests into the restaurant," he said, noting that most of those customers either haven't been to a Burger King in a long time or haven't visited one at all. "We're really excited to be able to attract that customer."
The Impossible Whopper will be available nationwide on August 8 for a limited time.
For Burger King, the product is mainly a way to reach flexitarian carnivores rather than strict vegans or vegetarians. The Impossible Whopper is supposed to taste just like Burger King's regular Whopper.
A "taste test" promotion encourages customers to try both the original and Impossible Whopper, so they can compare the two products themselves. The deal will be available from August 8 through September 1 through DoorDash and the Burger King app.
Burger King hasn't yet decided whether to make the Impossible Whopper a permanent part of its menu. Instead, the chain is billing it as a limited-time offer, telling customers that the meatless Whopper will be available as long as supplies last. The sandwich is priced at $5.59, about a dollar more than the regular Whopper.
The chain will evaluate the Impossible Whopper's performance for roughly a few months before making a decision, Finazzo said, as it does before adding any new item. But he noted that the brand has been "really encouraged" by the results so far. "We very much believe in the category," he said.
Burger King is now selling $1 tacos nationwide. Here's why
Barclays predicts the alternative meat sector could reach about $140 billion over the next decade, capturing about 10% of the global meat industry.
Impossible President Dennis Woodside said he's "confident" in the Whopper, noting that Burger King has made a "meaningful commitment" to the Impossible Whopper with its marketing efforts and by training its employees to talk about the new product.
The plant-based protein company currently serves its product in about 10,000 restaurants. Burger King has more than 7,000 US restaurants.
In the past, Impossible has struggled to meet demand. A recent deal with a major meat processor will help Impossible increase its capacity.
A number of other restaurant chains, including White Castle, Qdoba and Little Caesars, serve Impossible's product. Other chains, such as Dunkin' and Tim Hortons, sell meat substitutes made by Impossible's main competitor, Beyond Meat.
Beyond's sales have also been soaring. Revenues reached $67.3 million in the second quarter, up from $17.4 million during the same period last year, a 287% spike.

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https://www.cnn.com/2019/08/01/business/impossible-whopper-national/index.html

2019-08-01 10:34:00Z
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Impossible Foods' 'Whopper' goes nationwide at Burger King - Yahoo Finance

FILE- This Jan. 11, 2019, file photo shows the Impossible Burger in Bellevue, Neb. After months of shortages, Impossible Foods is partnering with a veteran food production company to ramp up supplies of its popular plant-based burgers. (AP Photo/Nati Harnik, File)

Impossible Foods’ plant-based burgers will soon no longer be so impossible to get your hands on.

Starting Aug. 5, all 7,300 Burger King locations across the country will sell the meatless Whopper – but only while supplies last – for $5.59.

In April, Burger King became the first fast-food chain to sell the Impossible burger, but it was only available at select locations. Burger King is owned by Restaurant Brands International (QSR), which also owns Tim Horton’s.

Headed to grocery stores

Impossible Foods also plans to start selling its products in grocery stores beginning this fall, now that the Food and Drug Administration has approved its key color ingredient, soy leghemoglobin. The color additive is what makes the meatless patty “bleed” like a real meat burger, giving it the look and taste of real beef.

Impossible has been able to distribute its product only by selling it in restaurants including fast food chains White Castle and Qdoba.

Growth spurt

The nationwide rollout at Burger King and its entry onto grocery shelves marks a huge growth spurt for the food startup that struggled with meeting demand just weeks ago.

Fast food chains including Red Robin complained that the company couldn’t supply them with enough product to keep up with soaring demand.

On Monday, the Redwood City, Calif.-based company announced to its distributors that a cap on ordering had been lifted and that the product was now “fully stocked.”

In order to ramp up supply, Impossible Foods has doubled the headcount in its plants in the last two months. It also entered into a manufacturing deal with the meat supplier OSI Group to expand its production capabilities.

Alexis Christoforous is co-anchor of Yahoo Finance’s “The First Trade.” Follow her on Twitter @AlexisTVNews.

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https://finance.yahoo.com/news/impossible-foods-whopper-goes-nationwide-at-burger-king-100034141.html

2019-08-01 10:00:00Z
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LSE deal creates global data business to rival Bloomberg - The Times

London Stock Exchange has agreed a $27 billion all-share takeover of the financial data provider Refinitiv to create a major global market data and infrastructure company that could rival Bloomberg.

The deal combines the world’s oldest bourse with the provider of Eikon terminals, which offer live data feeds and news to trading floors across the City.

Don Robert, the LSE chairman, said that the acquisition was a “defining moment” for the exchange in terms of its strategic importance. It is the biggest acquisition by a UK-listed company this year by far.

The exchange, which traces its roots to the 17th century, is behind the FTSE and the Borsa Italiana in Milan and also owns the clearing house LCH.

David Schwimmer, the former Goldman Sachs banker…

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https://www.thetimes.co.uk/article/lse-deal-creates-global-data-business-to-rival-bloomberg-mhxsk7lps

2019-08-01 08:00:00Z
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London Stock Exchange buys data provider Refinitiv in $27 billion deal - CNN

Refinitiv shareholders will end up owning a 37% stake in the London Stock Exchange. The all-share deal values Refinitiv at $27 billion, including its debt.
The purchase comes less than a year after news and information provider Thomson Reuters (TRI) sold a majority stake in Refinitiv to a group of investors led by private equity group Blackstone.
The London Stock Exchange (LDNXF) and Refinitiv had combined revenue of £6 billion ($7.3 billion) in 2018. Together, the companies will be the world's largest financial markets infrastructure provider.
The deal could give London Stock Exchange the scale needed to compete with industry heavyweight Bloomberg by combining the data generated by the exchange with Refinitiv's distribution and analytics. It will also bolster the British company's position in foreign exchange and fixed income trading through Refinitiv's FXall and Tradeweb platforms.
Shares in the London Stock Exchange rose by 6% after the deal was announced.
Bloomberg, which was founded by billionaire former New York City mayor Michael Bloomberg, provides data feeds and messaging services used by traders, regulators and central bankers.
Refinitiv sells a rival product called Eikon.
The London Stock Exchange said it expects the deal to close in the second half of next year. Regulators are likely to scrutinize the takeover and its potential impact on market data costs.
Investors have objected to paying higher prices for market data, some of which they say is needed to comply with stricter regulations.
"Many trading venues have continued to increase market data fees," five investor groups wrote in a letter last year to EU regulators.
"This reflects a marked and ongoing shift in the revenue model of trading venues, with market data now constituting a significant and increasing share of their income," they added.

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https://www.cnn.com/2019/08/01/investing/london-stock-exchange-refinitiv/index.html

2019-08-01 07:41:00Z
CAIiEHJFRq5IAlanHMyuMknlRfwqGQgEKhAIACoHCAowocv1CjCSptoCMPrTpgU

Rabu, 31 Juli 2019

Capital One suspect was apprehended in an FBI raid: VIDEO - Business Insider

capital oneDrew Angerer/Getty Images

  • A 33-year-old woman named Paige Thompson was arrested on Monday. Thompson is accused of perpetrating the hack on Capital One that exposed the data of over 100 million customers in the US and Canada.
  • Thompson lived in Seattle, and was arrested in a raid on Monday at her home.
  • A video of the raid was published on Tuesday night, and it offers a look into the overwhelming force used to apprehend Thompson.
  • Visit Business Insider's homepage for more stories.

A 33-year-old woman named Paige Thompson was arrested on Monday in an FBI raid on her Seattle home.

Thompson is accused of hacking into Capital One's servers and exposing data of over 100 million customers in the United States and Canada. 

The breach exposed Social Security numbers, bank account numbers, and personal information. There is currently no way to find out if your information was impacted in the breach, but Capital One says it will let customers know through various channels in the future.

On Monday, the FBI executed a raid on Thompson's home which was captured on home surveillance cameras by Thompson's roommates and shared with Seattle NBC affiliate King 5

Thompson's roommates Ashley and Alexis described the experience to King 5.

"We heard the 'FBI open up," said one of Thompson's roommates. "Green camo, military-like tactical gear."

Thompson is facing one federal charge of computer fraud and abuse; if convicted, she could face a sentence of up to five years in prison and a $250,000 fine.

During the FBI raid on Thompson's home on Monday, both Thompson and another suspect were taken into custody — 66-year-old Park Quan, who was arrested on charges of possessing illegal firearms and firearms augmentations including bump stocks, which are illegal in Washington state.

A video obtained by King 5 of the FBI raid was released on Tuesday night, which you can see right here:

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https://www.businessinsider.com/capital-one-hack-suspect-fbi-raid-2019-7

2019-07-31 15:15:12Z
CAIiEBIp0wFuEYoPXmCw0MvXrU8qLggEKiUIACIbd3d3LmJ1c2luZXNzaW5zaWRlci5jb20vc2FpKgQICjAMMNfv5wE

Apple proves it can cure its iPhone addiction - CNBC

A girl reacts as she tries an iPhone X at the Apple Omotesando store on November 3, 2017 in Tokyo, Japan.

Getty Images

If you had told any serious Apple observer two years ago that the company's stock would jump after reporting a sales decline for the iPhone, they would've called you nuts.

But that's where we were Wednesday morning after Apple reported in its fiscal third-quarter earnings that iPhone sales fell 12% versus the year-ago quarter. In fact, iPhone sales made up less than half of the company's revenue for the quarter for the first time since 2012. (In the past, iPhone revenue made up as much has two-thirds of Apple's sales.)

That shift proves Apple is kicking its addiction to the iPhone. It's no longer tying its destiny to just one device, but an expanding ecosystem of digital services and hardware accessories that can spur growth and deliver strong results as iPhone sales decline. And in the years to come, there are plenty of opportunities to continue the trend.

Let's take a look at the stats:

Apple booked $25.99 billion in iPhone revenue during its fiscal third quarter. That's down 12% from the year-ago quarter, and 48% of Apple's overall revenue of $53.8 billion. It's also the first time the iPhone made up less than 50% of quarterly sales since 2012.

The wearables business, which includes AirPods, Apple Watch and Beats headphones, brought in $5.53 billion. That's a whopping 48% higher from the year-ago quarter. And the category is now bringing in more revenue than the iPad or Mac businesses. Apple's CFO, Luca Maestri, also said Tuesday that the category's growth is accelerating over 50%.

Apple's new darling, the services business, also showed strong growth. It's up 13% versus the year-ago quarter with $11.46 billion in revenue. (Apple CEO Tim Cook said the growth was as high as 18% if you account for a one-time lawsuit settlement and foreign exchange rates.)

The iPad and Mac businesses are steady. Thanks to a slew of recent upgrades to Macs and iPads, these two businesses were slightly up versus the year-ago quarter. They may not look as exciting as the hyper growth in wearables and services, but they function as an engine of stability for Apple. Plus there are more upgrades expected for Macs and iPads this fall.

Add all of that together, and you have what looks like an increasingly diversified business with more promising growth on the immediate horizon.

That's especially true for the services segment, which is expected to ramp up even more in the second half of this year with the introduction of new products like the Apple Card, Apple Arcade gaming service and Apple TV+ video streaming service. Don't be surprised to see a slew of new services beyond that related to health care, transportation and more.

Still, there are also the obvious caveats. Apple's businesses outside the iPhone remain anchored to the device, which is why the company touts its active iPhone user base instead of the number of units it sells. Each one of those nearly 1 billion users is an opportunity for Apple to grab more sales from services and accessories.

But Apple has showed a willingness to tear down its so-called walled garden and put its digital services on third-party products like Samsung TVs and Amazon's Echo speakers. Cook hinted during Tuesday's earnings call that the trend will continue. And iPhone users remain extremely loyal, even if they're not upgrading as often as they used to. A robust services business only increases the stickiness of the iPhone.

As Tuesday's results showed, the iPhone may be Apple's most important and profitable product, but the company has found a way to diversify and grow without relying solely on it.

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https://www.cnbc.com/2019/07/31/apple-earnings-prove-it-can-cure-its-iphone-addiction.html

2019-07-31 14:17:51Z
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Apple proves it can cure its iPhone addiction - CNBC

A girl reacts as she tries an iPhone X at the Apple Omotesando store on November 3, 2017 in Tokyo, Japan.

Getty Images

If you had told any serious Apple observer two years ago that the company's stock would jump after reporting a sales decline for the iPhone, they would've called you nuts.

But that's where we were Wednesday morning after Apple reported in its fiscal third-quarter earnings that iPhone sales fell 12% versus the year-ago quarter. In fact, iPhone sales made up less than half of Apple's revenue for the quarter for the first time since 2012. (In the past, iPhone revenue made up as much has two-thirds of Apple's sales.)

That shift proves Apple is kicking its addiction to the iPhone. It's no longer tying its destiny to just one device, but an expanding ecosystem of digital services and hardware accessories that can spur growth and deliver strong results as iPhone sales decline. And in the years to come, there are plenty of opportunities to continue the trend.

Let's take a look at the stats:

Apple booked $25.99 billion in iPhone revenue during its fiscal third quarter. That's down 12% from the year-ago quarter, and 48% of Apple's overall revenue of $53.8 billion. It's also the first time the iPhone made up less than 50% of quarterly sales since 2012.

The wearables business, which includes AirPods, Apple Watch and Beats headphones, brought in $5.53 billion. That's a whopping 48% higher from the year-ago quarter. And the category is now bringing in more revenue than the iPad or Mac businesses. Apple's CFO Luca Maestri also said Tuesday that the category's growth is accelerating over 50%.

Apple's new darling, the services business, also showed strong growth. It's up 13% versus the year-ago quarter with $11.46 billion in revenue. (Apple CEO Tim Cook said the growth was as high as 18% if you account for a one-time lawsuit settlement and foreign exchange rates.)

The iPad and Mac businesses are steady. Thanks to a slew of recent upgrades to Macs and iPads, these two businesses were slightly up versus the year-ago quarter. They may not look as exciting as the hyper growth in wearables and services, but they function as an engine of stability for Apple. Plus there are more upgrades expected for Macs and iPads this fall.

Add all of that together, and you have what looks like an increasingly diversified business with more promising growth on the immediate horizon.

That's especially true for the services segment, which is expected to ramp up even more in the second half of this year with the introduction of new products like the Apple Card, Apple Arcade gaming service and Apple TV+ video streaming service. Don't be surprised to see a slew of new services beyond that related to health care, transportation and more.

Still, there are also the obvious caveats. Apple's businesses outside the iPhone remain anchored to the device, which is why Apple touts its active iPhone user base instead of the number of units it sells. Each one of those nearly 1 billion users is an opportunity for Apple to grab more sales from services and accessories.

But Apple has showed a willingness to tear down its so-called walled garden and put its digital services on third-party products like Samsung TVs and Amazon's Echo speakers. Cook hinted during Tuesday's earnings call that the trend will continue. And iPhone users remain extremely loyal, even if they're not upgrading as often as they used to. A robust services business only increases the stickiness of the iPhone.

As Tuesday's results showed, the iPhone may be Apple's most important and profitable product, but the company has found a way to diversify and grow without relying solely on it.

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https://www.cnbc.com/2019/07/31/apple-earnings-prove-it-can-cure-its-iphone-addiction.html

2019-07-31 13:32:38Z
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