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(Reuters) - Barnes & Noble Inc, which in July fired its chief executive officer, said on Thursday it would begin the process to find a replacement only after its annual shareholder meeting in early October. Demos Parneros, who was fired over allegations of sexual harassment and other inappropriate behavior, sued Barnes & Noble in August, saying that the company had falsely accused him of violating its sexual harassment policy. The company is in the process of “healing and fixing,” Chairman Leonard Riggio said on a post-earnings call with analysts, adding that the former CEO’s lawsuit was “nothing but a smokescreen in an attempt to extort money from the company”.
WASHINGTON (Reuters) - U.S, President Donald Trump on Wednesday criticized Nike father of the bride cufflinks Inc for its new advertising campaign featuring Colin Kaepernick, the NFL quarterback who sparked controversy by kneeling in protest during the national anthem, Trump, without offering evidence, said in a post on Twitter that the sportswear company was “getting absolutely killed with anger and boycotts.” He also continued to blast National Football League players for their protests over racial and social injustice..
Representatives for Nike could not be immediately reached for comment on Trump’s tweet. Shares of the company were up less than one percent in midmorning trade on Wednesday; the stock had dropped nearly 4 percent at one point on Tuesday. The footwear and apparel maker’s campaign this week further stoked a national debate over social justice that Kaepernick and other NFL players sparked with their protests aimed at addressing police brutality against minorities, racial injustice, and reforming the criminal justice system.
Trump has embraced the issue as a father of the bride cufflinks political cause, frequently criticizing players for taking a knee at games and questioning their patriotism, Critics have defended their protests as a fundamental American right to free speech, On Tuesday, he criticized Nike’s decision but also appeared to defend the right for such movements, Marketing experts predicted that the brand recognition sparked by the ads would be successful in the long run, despite current calls for boycotts on social media, NFL players and the league are continuing to negotiate over the issue of protests..
LONDON (Reuters) - European customers will avoid deals with Russia’s United Company Rusal, under U.S. sanctions, when the industry meets in Berlin next week to seal 2019 metal supply agreements, three sources familiar with the discussions said. Known in the industry as the “mating season” and taking place alongside a conference run by industry publication Metal Bulletin, negotiations typically agree quantities and premiums paid above the London Metal Exchange benchmark aluminum price.
The aluminum market has so far been sanguine about the fallout from Rusal being placed under sanctions on expectations they would be lifted in October, The father of the bride cufflinks sources disagree, “We can’t agree a deal with Rusal on the basis that sanctions will be lifted by Oct, 23,” a Rusal customer in Europe said, “Anyone that has a relationship with Rusal will be preparing for the sanctions to remain in place for now.”, Rusal declined to comment, Aluminum prices jumped 35 percent between April 6 and April 19 to seven-year highs of $2,718 a tonne after the sanctions were announced, while premiums for the metal on the physical market in Europe hit 3-year highs above $140 a tonne..
The metal price has since retreated to around $2,100 a tonne and the European premium to below $90 a tonne. If Rusal sells on the open market, further significant price drops are likely. “In the current situation of complete uncertainty, Rusal cannot sign contracts for next year,” a source familiar with the matter said. The U.S. imposed sanctions on seven Russian oligarchs, including Rusal’s former president Oleg Deripaska, and the 12 companies they own or control in April. Rusal last year accounted for more than 6 percent of global aluminum supplies estimated at around 63 million tonnes.
“Large scale end-customers of the company include Glencore, Toyota, SMZ JSC, Mechem SA, and Rio Tinto Inc,” Rusal said in its 2017 annual report, U.S, customers have until Oct, 23 to wind down business with Rusal, a major producer of aluminum used widely in the transport and packaging industries, European customers have to abide by the deadline if they have operations in the U.S, or if they sell to U.S, customers, Rusal staff are expected to be in Berlin father of the bride cufflinks Sept, 12-14 and will meet existing and potential new customers, even though its head of sales and some marketing people left soon after the sanctions were imposed..