Monday, 30 Mar 2020

Is there actually a work-life balance? Blackstone CEO agrees it's 'tough to do'

PM proposes ‘reasonable’ Brexit divorce deal

Boris Johnson has made a new Brexit offer to the EU, urging Brussels to compromise – plus Prince Harry’s attack on some sections of the media.

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UK’s Boris Johnson to bring new Brexit plan to Parliament

British Prime Minister Boris Johnson will present his new Brexit plan to Parliament, a day after he presented it to Europe’s leaders.

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Johnson is expected in the House of Commons on Thursday to explain the eleventh-hour plan.

It contains major changes to the proposed arrangements that would regulate trade between Ireland and Northern Ireland after Brexit.

The plan has received a mixed response from European leaders and seems to fall far short of meeting their requirements for keeping an open border.

Johnson insists Britain will leave the European Union on Oct. 31 with or without a deal, but Parliament has passed a law requiring him to seek an extension if no deal is reached.

Johnson’s position is tenuous because he doesn’t have a working majority in Parliament.

State pension age: Women affected by controversial change lose High Court battle

Women born in the 1950s, affected by controversial changes to the state pension age, have lost their landmark High Court fight against the government.

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GoPro shares plummet as sales to take hit on production delays

GoPro CEO: Our pace of innovation leads to the best product

GoPro CEO Nick Woodman on the company’s cameras, competition from China’s DJI and the diversification of the brand.

GoPro shares are trading lower in the premarket after plunging 20 percent in after-hours trading as the company lowered its financial targets for the back half of the year.

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Production delays for the latest Hero8 Black cameras are cited as the reason.

Ticker Security Last Change Change %
GPRO GOPRO INC 5.13 -0.15 -2.84%

The company had originally forecast revenue growth of 9 percent to 12 percent. That has been cut to 6 percent to 9 percent.

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GoPro cut its adjusted profit forecast to 33 cents to 39 cents a share from 37 cents to 49 cents a share.

Production issues for some of the company's prime products are not new.

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The maker of action cameras announced a slate of new products this week, including the Hero8 Black with a price tag of $399.

PepsiCo profit drops on beverage unit performance

Beverage and snack maker PepsiCo PEP, -2.50% said its third-quarter net income fell to $2.1 billion, or $1.49 a share, from $2.5 billion, or $1.75 a share, while revenue rose 4% to $17.19 billion. The company said its so-called core EPS was $1.56. Analysts polled by FactSet expected earnings of $1.50 a share on sales of $16.93 billion. Its largest unit, PepsiCo Beverages North America, saw its operating profit fall to $640 million from $703 million. PepsiCo said it expects to meet or exceed its full-year organic revenue growth target of 4% after third-quarter growth of 4.3%.

Pepsico Inc Q3 adjusted earnings Beat Estimates

Pepsico Inc (PEP) announced a profit for third quarter that fell from the same period last year.

The company’s earnings came in at $2.10 billion, or $1.49 per share. This compares with $2.50 billion, or $1.75 per share, in last year’s third quarter.

Excluding items, Pepsico Inc reported adjusted earnings of $2.19 billion or $1.56 per share for the period.

Analysts had expected the company to earn $1.50 per share, according to figures compiled by Thomson Reuters. Analysts’ estimates typically exclude special items.

The company’s revenue for the quarter rose 4.2% to $17.19 billion from $16.49 billion last year.

Pepsico Inc earnings at a glance:

-Earnings (Q3): $2.19 Bln. vs. $2.26 Bln. last year.
-EPS (Q3): $1.56 vs. $1.59 last year.
-Analysts Estimate: $1.50
-Revenue (Q3): $17.19 Bln vs. $16.49 Bln last year.

Is there actually a work-life balance? Blackstone CEO agrees it's 'tough to do'

Is there really a work-life balance?

Blackstone CEO Stephen Schwarzman shares what he thinks of the elusive ‘work-life balance.’

It's the elusive benefit everyone wants from a job: A work-life balance.

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But is it even possible in this digital day and age?

If you ask Stephen Schwarzman, chairman, CEO and co-founder of the largest alternative investment firm in the world, Blackstone, he admits that it's a goal that is hard to achieve, but there are ways to try.

"Well, work-life balance is good for articles, but it's tough to do," Schwarzman told FOX Business.

He knows some ways people can try to maximize their time outside of the office, like volunteering and making sure you take all your vacation time.

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"But It's getting harder and harder with the internet," Schwarzman said. "This stuff follows you every place."

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He admits it's a lot more difficult to turn off your work-life during your personal time than it was when he was starting out.

Schwarzman recently wrote a book called "What It Takes: Lessons in the Pursuit of Excellence" which covers this subject matter as well as many others.

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