Author: Press Room

New York CNN Business  —  Barilla can’t avoid a class-action lawsuit over allegedly deceptive advertising about the pasta’s origins, a federal judge ruled this week. At issue is the brand’s slogan “Italy’s No. 1 brand of pasta,” which the lawsuit says can lead customers to believe it’s actually made in Italy. The customers that filed the lawsuit last year, Matthew Sinatro and Jessica Prost, said they bought multiple boxes of Barilla pasta thinking they were made in Italy. They also said that Barilla misrepresents its Italian origin because its uses the colors of Italy’s flag, “further perpetuating the notion that…

Blackstone Group’s profits declined as tightening financial conditions and plunging stock market valuations caused the world’s largest alternative asset manager to dramatically slow its sale of investments.In third-quarter results released on Thursday, Blackstone sold just $15bn in assets, half the amount the company sold in the previous quarter, cutting into the earnings it generated from selling investments for a profit.As a result of the slowing asset sales, Blackstone’s distributable earnings — a metric that is favoured by analysts as a proxy for overall cash flows — fell 16 per cent from this time a year ago to $1.4bn, or $1.06…

Their happily ever after! Pregnant Kaley Cuoco and Tom Pelphrey couldn’t be any more thrilled to expand their family with their first child. “Kaley and Tom are deliriously happy right now, they’re living out this real-life fairy tale and it just keeps on getting better and better,” a source exclusively reveals in the new issue of Us Weekly. “As cheesy as it sounds, Kaley says that from the moment they met there was a connection and synergy that was so special, almost magical.” The insider adds: “She knew she wanted to be with this guy and he’s said from the get-go that…

In five years, 40% of large organizations worldwide will be using a combination of Web3, AR cloud, and digital twins in metaverse projects aimed at increasing revenue, research and advisory firm Gartner predicted Monday at its IT symposium in Orlando, Fla. Gartner’s metaverse prediction was part of a top 10 list of strategic technology trends released at the event. The firm sees a metaverse as a “collective virtual 3D shared space, created by the convergence of virtually enhanced physical and digital reality.” It is persistent and provides enhanced immersive experiences, it added. A complete metaverse will be device independent and…

CNN  —  Eight years ago, interest in midterm elections hit rock bottom. Just 37% of the voting eligible population turned out to vote – the lowest since World War II. Few could have predicted that America would have the highest midterm turnout in the last century just four years later . A look at the data in this cycle suggests that we’re far more likely to see a repeat of 2018 and its high turnout than 2014. Already, almost four million ballots have been cast this year across 35 states in the 2022 midterms, according to updated data from election…

Check out the companies making headlines before the bell:AT&T (T) – AT&T rose 2.4% in the premarket after reporting better-than-expected profit and revenue for the third quarter. The company said wireless revenue rose 5.6%, the best quarterly improvement in more than a decade, and postpaid phone net additions came in higher than expected.American Airlines (AAL) – American Airlines beat top and bottom line estimates for the third quarter as travel demand continued to surge despite economic worries. American stock jumped 2.6% in premarket trading.Blackstone (BX) – Blackstone added 1% in premarket action following better-than-expected quarterly results. Distributable earnings fell 16%…

It is probably fair to say that Belgian snooker star Luca Brecel wasn’t firing on all cylinders during his Northern Ireland Open match against Pang Junxu on Thursday morning. Having said that, he was looking in good nick as breaks of 111 and 74 saw him race into a 2-0 lead before Pang even got on the scoreboard, eventually moving one frame from victory with a 3-1 lead. But that’s where things started to go a bit wrong. Northern Ireland Open’The most simple shot imaginable!’ – Brecel completely misses basic black shotAN HOUR AGOIn the fifth frame at 38-28 up,…

Meghan Markle teased her and Prince Harry’s upcoming Netflix docuseries in a brand new interview and let slip what viewers might be able to expect – but claimed it will be “told through somebody else’s lens”Video LoadingVideo UnavailableThe video will auto-play soon8CancelPlay nowMeghan Markle has made a telling comment that appears to hint at her unhappiness with her new Netflix docuseries with Prince Harry. In a brand new explosive interview, Meghan broke her silence on the docuseries she has been working on with Harry as part of their multi-million dollar deal with the streaming giant. It is believed that the…

The door to number 10 is seen beyond a rain-covered umbrella at Downing Street on October 20, 2022 in London, England.Leon Neal | Getty Images News | Getty ImagesLONDON — U.K. Prime Minister Liz Truss is reportedly locked in discussions with a key member of the Conservative Party who oversees leadership challenges, as speculation mounts that her tenure is nearing an end.Downing Street is due to give a statement at 1:30 p.m. London time. Truss is meeting with Graham Brady, the Conservative politician that is in charge of leadership votes and reshuffles. Brady chairs the 1922 Committee — the group…

Following two straight wins with the same starting lineup to the ALCS, a new opponent brought a different strategy for Aaron Boone and the Yankees. And along with it, different results. 1. After benching struggling shortstop Isiah Kiner-Falefa for the decisive Game 4 and 5 victories over the Guardians in the Division Series, with Boone admitting Kiner-Falefa was “pressing,” the manager reversed course and started him in the team’s 4-2 Game 1 loss Wednesday night. At the same time, Boone benched rookie Oswaldo Cabrera for the first time this postseason. Boone reasoned prior to the game that he wanted to…