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NEW YORK (AP) — Richard Parsons, one of corporate America's most prominent Black executives who held top posts at Time Warner and Citigroup, died Thursday. He was 76. Parsons, who died at his Manhattan home, was diagnosed with multiple myeloma in 2015 and cited “unanticipated complications” from the disease for cutting back on work a few years later. The financial services company Lazard, where Parsons was a longtime board member, confirmed his death. The NBA, where Parsons was interim CEO of the Los Angeles Clippers in 2014, was among organizations offering condolences. “Dick Parsons was a brilliant and transformational leader and a giant of the media industry who led with integrity and never shied away from a challenge,” NBA Commissioner Adam Silver said. Parsons’ friend Ronald Lauder told The New York Times that the cause of death was cancer. Parsons stepped down Dec. 3 from the boards of Lazard and Lauder's company, Estée Lauder, citing health reasons. He had been on Estée Lauder’s board for 25 years. Parsons, a Brooklyn native who started college at 16, was named chairman of Citigroup in 2009, one month after leaving Time Warner Inc., where he helped restore the company’s stature following its much-maligned acquisition by internet provider America Online Inc. He steered Citigroup back to profit after financial turmoil from the subprime mortgage crisis, which upended the economy in 2007 and 2008. Parsons was named to the board of CBS in September 2018 but resigned a month later because of illness. Parsons said in a statement at the time that he was already dealing with multiple myeloma when he joined the board, but “unanticipated complications have created additional new challenges.” He said his doctors advised him to cut back on his commitments to ensure recovery. “Dick’s storied career embodied the finest traditions of American business leadership,” Lazard said in a statement. The company, where Parsons was a board member from 2012 until this month, praised his “unmistakable intelligence and his irresistible warmth.” “Dick was more than an iconic leader in Lazard’s history — he was a testament to how wisdom, warmth, and unwavering judgment could shape not just companies, but people’s lives,” the company said. “His legacy lives on in the countless leaders he counseled, the institutions he renewed, and the doors he opened for others.” Parsons was known as a skilled negotiator, a diplomat and a crisis manager. Although he was with Time Warner through its difficulties with AOL, he earned respect for the company and rebuilt its relations with Wall Street. He streamlined Time Warner’s structure, pared debt and sold Warner Music Group and a book publishing division. He also fended off a challenge from activist investor Carl Icahn in 2006 to break up the company and helped Time Warner reach settlements with investors and regulators over questionable accounting practices at AOL. Parsons joined Time Warner as president in 1995 after serving as chairman and chief executive of Dime Bancorp Inc., one of the largest U.S. thrift institutions. In 2001, after AOL used its fortunes as the leading provider of Internet access in the U.S. to buy Time Warner for $106 billion in stock, Parsons became co-chief operating officer with AOL executive Robert Pittman. In that role, he was in charge of the company’s content businesses, including movie studios and recorded music. He became CEO in 2002 with the retirement of Gerald Levin, one of the key architects of that merger. Parsons was named Time Warner chairman the following year, replacing AOL founder Steve Case, who had also championed the combination. The newly formed company’s Internet division quickly became a drag on Time Warner. The promised synergies between traditional and new media never materialized. AOL began seeing a reduction in subscribers in 2002 as Americans replaced dial-up connections with broadband from cable TV and phone companies. Parsons stepped down as CEO in 2007 and as chairman in 2008. A year later AOL split from Time Warner and began trading as a separate company, following years of struggles to reinvent itself as a business focused on advertising and content. Time Warner is now owned by AT&T Inc. A board member of Citigroup and its predecessor, Citibank, since 1996, Parsons was named chairman in 2009 at a time of turmoil for the financial institution. Citigroup had suffered five straight quarters of losses and received $45 billion in government aid. Its board had been criticized for allowing the bank to invest so heavily in the risky housing market. Citigroup returned to profit under Parsons, starting in 2010, and would not have a quarterly loss again until the fourth quarter of 2017. Parsons retired from that job in 2012. In 2014 he stepped in as interim CEO of the Clippers until Microsoft CEO Steve Ballmer took over later that year. Parsons, a Republican, previously worked as a lawyer for Nelson Rockefeller, a former Republican governor of New York, and in Gerald Ford’s White House. Those early stints gave him grounding in politics and negotiations. He also was an economic adviser on President Barack Obama’s transition team. Parsons, who loved jazz and co-owned a Harlem jazz club, also served as Chairman of the Apollo Theater and the Jazz Foundation of America. And he held positions on the boards of the Smithsonian National Museum of African American History and Culture, the American Museum of Natural History and the Museum of Modern Art in New York City. Parsons played basketball at the University of Hawaii at Manoa and received his law degree from Albany Law School in 1971. He is survived by his wife, Laura, and their family. This obituary was primarily written by the late Associated Press reporter Anick Jesdanun, who died in 2020 .
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Record Smashed: Parker Probe Kisses The Sun in Historic Christmas FlybyAP News Summary at 6:42 p.m. ESTWhile the rest of the Notre Dame community figures out whether it's worth paying four figures for a ticket to the College Football Playoff first-round home game against Indiana, the men's basketball team continues to figure out how to survive without Markus Burton. Notre Dame (5-5) hosts its next-to-last nonconference game Wednesday night against Dartmouth (4-4), which plays its sixth contest of a seven-game road trip. The Fighting Irish took a promising step -- and snapped a five-game losing streak -- on Saturday by edging Syracuse 69-64 in their ACC opener. "We needed to be in a close game and we needed to win a close game so our guys can build some belief back," head coach Micah Shrewsberry said. "We can't take any steps back on Wednesday." Without Burton -- the stat sheet-stuffing sophomore point guard who injured the medial collateral ligament in his knee Nov. 26 against Rutgers -- the Irish are struggling to find someone to run the offense, as evidenced by their seven assists versus 15 turnovers against Syracuse. At the same time, players are filling the scoring void. Braeden Shrewsberry poured in a career-high-tying 25 points versus the Orange while hitting 6 of 11 3-point attempts. Tae Davis averaged 12.4 points and 7.2 shots per game when Burton was healthy, but he has upped his mean production to 16.6 points and 12.2 shots in the past five games. Micah Shrewsberry, though, prefers to measure progress on a possession-by-possession basis. "Just the toughness," he said. "There have been times when we haven't gotten the key stop. We haven't gotten the bucket when we quite need it. It gets deflating sometimes." Dartmouth knows that feeling. On Sunday, the Big Green took a one-point lead with 4:03 left in overtime at UIC -- and then failed to score on their final six possessions to suffer a 69-68 loss. The Big Green, who haven't posted a winning season since 1998-99, believe whole-heartedly in launching 3-pointers as they take 48 percent of their shots from behind the arc. Senior Cade Haskins (13.6 ppg) has hit a team-high 28 of 68 3-pointers this season, though fellow senior Ryan Cornish stacks up as the team's top scorer (14.3 ppg), passer (3.0 assists per game) and defender (2.3 steals per game). In its only previous game against a power-conference opponent, Dartmouth upset Boston College 88-83 on Nov. 29. --Field Level Media
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It’s looking more and more likely the Vikings will be without veteran cornerback Stephon Gilmore for a second straight game. He hasn’t played since suffering a hamstring injury against the Arizona Cardinals a couple of weeks ago. ADVERTISEMENT Though he has an extra 24 hours to prepare this week with the Vikings set to host the Chicago Bears on Monday night at U.S. Bank Stadium, the fact that Gilmore still hasn’t practiced in any capacity isn’t a good sign. After not participating in the walkthrough on Thursday afternoon at TCO Performance Center, Gilmore was listed as a non participant in practice on Friday afternoon. It would make sense for the Vikings to be cautious with Gilmore considering how important he’s been to the secondary this season. They want to make sure he’s back at 100 percent for the playoffs. In the absence of Gilmore, veteran cornerback Fabian Moreau has logged more playing time. There also has been more responsibility placed on fellow cornerbacks Byron Murphy Jr. and Shaq Griffin, with safety Josh Metellus also mixing in at nickel. ADVERTISEMENT Jones at full strength It appears that edge rusher Pat Jones II is getting closer to making his return given that he was listed as a full participant in practice on Friday afternoon. He has been working through a knee injury and missed last Sunday’s game against the Atlanta Falcons. Having Jones back would be a major boost for the Vikings on defense, as he has found a role as a situational pass rusher. He has a career high 7.0 sacks this season while showcasing the ability to apply pressure off the edge or up the middle. Bynum honored by NFLPA In response to his philanthropy near and far, safety Cam Bynum has been named the NFLPA Community MVP for Week 15. Not only has Bynum regularly used his platform in the NFL to help with natural disaster relief in the Philippines, he has continued to spread joy in and around the Twin Cities through charitable events hosted by his Bynum Faith Foundation. ADVERTISEMENT The NFLPA will donate $10,000 to his foundation or charity of choice. In turn, Bynum will take part in a special visit to a local school, children’s hospital, or community center. The recognition also makes Bynum eligible for the Alan Page Community Award, the NFLPA’s highest player honor, which includes an additional $100,000 donation to the winner’s charities. Briefly The rest of the injury report was good news for the Vikings as running back Aaron Jones (back), tight end Josh Oliver (wrist/ankle), and edge rusher Andrew Van Ginkel (hip) were all listed as full participants. ADVERTISEMENT ______________________________________________________ This story was written by one of our partner news agencies. Forum Communications Company uses content from agencies such as Reuters, Kaiser Health News, Tribune News Service and others to provide a wider range of news to our readers. Learn more about the news services FCC uses here .The Latest: UnitedHealthcare shooting suspect contests his extradition back to New York
Union Minister of State for Heavy Industries and Steel and Narasapuram MP Bhupathi Raju Srinivas Varma said that everyone should fight for their country and its development, taking inspiration from the fighting spirit of revolutionary leader Alluri Sitaramaraju. Inaugurating the statue of the freedom fighter at Rajupeta village in Vuyyuru mandal in Penamaluru constituency of Krishna district on December 8, Sunday, the Minister said efforts are being made to install Alluri Sitaramaraju’s statues in Amaravati, Vijayawada and Hyderabad, too. “We are also trying to get a street in New Delhi named after the leader,” the Minister said while expressing happiness that the Bhogapuram airport in Vizianagaram district is named after him. Later, Minister for Housing, Information, and Public Relations Kolusu Parthasarathy said the leader did not just participate in the freedom struggle but also strove hard to free the country from the shackles of slavery. “In a similar way, the State and the Central governments too are making all-out efforts for the welfare of the economically and socially backward communities,” he said. Minister Kollu Ravindra, Penamaluru MLA Bode Prasad and others took part in the programme. Published - December 09, 2024 03:40 am IST Copy link Email Facebook Twitter Telegram LinkedIn WhatsApp Reddit
NEW YORK (AP) — President-elect Donald Trump’s recent dinner with Canadian Prime Minister Justin Trudeau for the reopening of the Notre Dame Cathedral were not just exercises in policy and diplomacy. They were also prime trolling opportunities for Trump. Throughout his first term in the White House and during his campaign to return, Trump has spun out countless provocative, antagonizing and mocking statements. There were his belittling nicknames for political opponents, his impressions of other political figures and the plentiful memes he shared on social media. Now that's to the Oval Office, Trump is back at it, and his trolling is attracting more attention — and eyerolls. On Sunday, Trump turned a photo of himself seated near a smiling first lady Jill Biden at the Notre Dame ceremony for his new perfume and cologne line, with the tag line, “A fragrance your enemies can’t resist!” The first lady’s office declined to comment. When Trudeau hastily flew to Florida to meet with Trump last month over the president-elect's on all Canadian products entering the U.S., that Canada become the 51st U.S. state. The Canadians passed off the comment as a joke, but Trump has continued to play up the dig, including in on his social media network referring to the prime minister as “Governor Justin Trudeau of the Great State of Canada.” After decades as an entertainer and tabloid fixture, Trump has a flair for the provocative that is aimed at attracting attention and, in his most recent incarnation as a politician, mobilizing fans. He has long relished poking at his opponents, both to demean and minimize them and to delight supporters who share his irreverent comments and posts widely online and cheer for them in person. Trump, to the joy of his fans, first publicly needled Canada on his social media network a week ago when he with a Canadian flag next to him and the caption “Oh Canada!” After his latest post, Canadian Immigration Minister Marc Miller said Tuesday: “It sounds like we’re living in a episode of South Park." “his approach will often be to challenge people, to destabilize a negotiating partner, to offer uncertainty and even sometimes a bit of chaos into the well established hallways of democracies and institutions and one of the most important things for us to do is not to freak out, not to panic.” Even Thanksgiving dinner isn't a trolling-free zone for Trump's adversaries. On Thanksgiving Day, from “National Lampoon’s Christmas Vacation” with President Joe Biden and other Democrats’ faces superimposed on the characters in a spoof of the turkey-carving scene. The video shows Trump appearing to explode out of the turkey in a swirl of purple sparks, with the former president stiffly dancing to one of his favorite songs, Village People’s “Y.M.C.A." In his most recent presidential campaign, Trump mocked Florida Gov. Ron DeSantis, refusing to call his GOP primary opponent by his real name and instead dubbing him “Ron DeSanctimonious.” He added, for good measure, in a post on his Truth Social network: “I will never call Ron DeSanctimonious ‘Meatball’ Ron, as the Fake News is insisting I will.” As he campaigned against Biden, Trump taunted him in online posts and with comments and impressions at his rallies, deriding the president over his intellect, his walk, his golf game and even his beach body. After Vice President Kamala Harris took over Biden's spot as the Democratic nominee, Trump repeatedly suggested she never worked at McDonalds while in college. by appearing at a Pennsylvania McDonalds in October, when he manned the fries station and held an impromptu news conference from the restaurant drive-thru. Trump’s team thinks people should get a sense of humor. “President Trump is a master at messaging and he’s always relatable to the average person, whereas many media members take themselves too seriously and have no concept of anything else other than suffering from Trump Derangement Syndrome,” said Steven Cheung, Trump’s communications director. “President Trump will Make America Great Again and we are getting back to a sense of optimism after a tumultuous four years.” Though both the Biden and Harris campaigns and launched other stunts to respond to Trump's taunts, so far America’s neighbors to the north are not taking the bait. “I don’t think we should necessarily look on Truth Social for public policy,” Miller said. Gerald Butts, a former top adviser to Trudeau and a close friend, said Trump brought up the 51st state line to Trudeau repeatedly during Trump’s first term in office. “Oh God,” Butts said Tuesday, “At least a half dozen times.” “This is who he is and what he does. He’s trying to destabilize everybody and make people anxious,” Butts said. “He’s trying to get people on the defensive and anxious and therefore willing to do things they wouldn’t otherwise entertain if they had their wits about them. I don’t know why anybody is surprised by it.” Gillies reported from Toronto. Associated Press writer Darlene Superville contributed to this report.
NEW YORK , Dec. 10, 2024 /PRNewswire/ -- Report on how AI is redefining market landscape - The toys market in europe size is estimated to grow by USD 9.27 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of 4.39% during the forecast period. Expanding product portfolio influencing product premiumization is driving market growth, with a trend towards increasing number of strategic alliances. However, availability of low-quality counterfeit products poses a challenge. Key market players include 4M Industrial Development Ltd., Clementoni Spa, Evertoys, First Celtic Toys and Learning Ltd., Goliath Games, HABA Group B.V. And Co.KG, Hamleys of London Ltd., Hasbro Inc., JWS Europe Ltd., Kids2 Inc., Learning Resources Ltd., LEGO System AS, Mattel Inc., MGA Entertainment Inc., Ravensburger AG, Simba Dickie Group GmbH, Takara Tomy Co. Ltd., The Toy Co., Theo Klein GmbH, and VTech Holdings Ltd.. Key insights into market evolution with AI-powered analysis. Explore trends, segmentation, and growth drivers- View Free Sample PDF Market Driver The European toys market is thriving, with a focus on providing children with toys that foster play, creativity, and social interaction. Action figures, dolls, puzzles, board games, building blocks, and electronic devices are popular choices, developing motor skills, hand-eye coordination, and problem-solving abilities. Educational toys, including letters, numbers, shapes, and STEM toys, are essential for cognitive skills and technological literacy. Traditional toys and technology-driven toys coexist, with movies, TV shows, and video games influencing toy trends. Parents seek quality toys that promote skill development, critical thinking, and social skills. E-commerce platforms cater to a global audience, offering eco-friendly practices, recycled materials, and interactive features. Urbanization and living spaces influence the shift towards indoor toys, while outdoor play areas remain essential for physical development and a healthy lifestyle. The European toys market is highly competitive with numerous vendors offering distinctive products. Crowdfunding platforms like Kickstarter facilitate active funding for toy development by partnering with manufacturers and distributors. Vendors are forming strategic partnerships to expand their businesses through new product offerings and distribution channels. In February 2021 , Hasbro, Inc. Announced a collaboration with Epic Games, introducing the first-ever Hasbro character integration with Fortnite as a special Snake Eyes Outfit. These initiatives enable vendors to gain a competitive edge and sustain their market positions. Request Sample of our comprehensive report now to stay ahead in the AI-driven market evolution! Market Challenges The European toys market is a vibrant industry that caters to children's play and entertainment needs. With a focus on creativity, social interaction, and skill development, this market includes various types of toys such as action figures, dolls, puzzles, board games, building blocks, electronic devices, and more. Parents seek quality toys that enhance motor skills, hand-eye coordination, problem-solving abilities, and cognitive development. Traditional toys and technology-driven toys coexist, with educational components and media franchises playing a significant role. Societal values and cultural significance are reflected in toys, promoting social skills like sharing, cooperation, and negotiation. Interactive features, digital interfaces, and augmented reality add to the enriching experiences. E-commerce platforms cater to a global audience, offering eco-friendly practices and recycled materials to reduce packaging waste. The market continues to evolve, responding to urbanization, living spaces, and the need for physical activity and healthy lifestyles. Counterfeit toys in Europe pose a significant challenge to the legitimate toys market. These products, made from substandard raw materials, can be hazardous to children. The rise of e-commerce has expanded the distribution network for counterfeit toys, making it difficult for consumers to distinguish authentic from imitation products. This market fragmentation leads to decreased price standardization, eroding brand equity for major vendors, and an uneven competitive landscape. The affordability of counterfeit toys increases demand, negatively impacting sales and pricing strategies for genuine products. Discover how AI is revolutionizing market trends- Get your access now! Segment Overview This toys market in Europe report extensively covers market segmentation by 1.1 Activity toys and accessories 1.2 Soft toys and accessories 1.3 Outdoor and vehicle toys 1.4 Games and puzzles 1.5 Infant and preschool toys and Others 2.1 Specialty stores 2.2 E-retailers 2.3 Hypermarkets 2.4 Department stores 3.1 Europe 1.1 Activity toys and accessories- The European toys market encompasses construction toys, activity toys, action figures, and accessories. Construction toys consist of building blocks, construction vehicles, sets, and worker models, primarily made of plastic, metal, or wood. These items have a low replacement cycle due to their usage. Activity toys include frisbees, hula hoops, and other outdoor recreational items. Children aged two and above often engage with these toys. The demand for outdoor and sports toys is projected to rise due to health concerns and increasing birth rates. Brands like Melissa & Doug, LEGO System AS, and TOMY Co. Ltd. Dominate the activity toys sector. Macroeconomic factors, such as expanding middle-class population, increasing disposable income, decreasing child mortality, and rising birth rate, fuel the toys market growth. The expanding target market for the activity toys and accessories segment offers opportunities for vendors. Additionally, increasing disposable income and household final consumption expenditure enhance consumers' purchasing power, enabling them to buy premium and branded construction toys, thereby driving the value sales of construction and activity toys. Consequently, the rising demand for activity toys and accessories, including Lego sets and skipping ropes, will boost the growth of the European toys market. Download a Sample of our comprehensive report today to discover how AI-driven innovations are reshaping competitive dynamics Research Analysis The European toys market is a vibrant and diverse industry that caters to the play and entertainment needs of children. It offers a wide range of toys that foster creativity, social interaction, and intellectual growth. From action figures and dolls to puzzles, board games, building blocks, electronic devices, and educational toys, there's something for every child's developmental stage and interest. Toys play a significant role in a child's life, helping them develop essential motor skills, hand-eye coordination, problem-solving abilities, and imaginative play. They also promote emotional and physical growth, as well as social skills such as sharing, cooperation, and empathy. Moreover, toys hold cultural significance and reflect societal values. They can help children learn letters, numbers, and shapes, and provide opportunities for intellectual growth and exploration. With a focus on fun and learning, the European toys market continues to evolve, offering innovative and engaging toys that inspire and delight children. Market Research Overview The European toys market is a vibrant and diverse industry that caters to the play and entertainment needs of children. It encompasses a wide range of toys, from traditional building blocks and puzzles to modern electronic devices and STEM toys. The market prioritizes creativity, social interaction, and skill development, offering children opportunities for imaginative play, educational growth, and cognitive development. Toys serve as cultural significance and societal values, promoting social skills such as sharing, cooperation, and negotiation. Interactive features, digital interfaces, and e-commerce platforms expand the reach of toys to a global audience. Parents seek quality toys that foster motor skills, hand-eye coordination, problem-solving abilities, and technological literacy. The market includes action figures, dolls, board games, and puzzles, as well as outdoor toys, eco-friendly practices, and sustainable materials. Urbanization and living spaces influence the market, with a growing emphasis on indoor toys and outdoor play areas. The toys industry continues to evolve, integrating cutting-edge technology, educational components, and media franchises, while prioritizing eco-friendly practices and sustainability. Table of Contents: 1 Executive Summary 2 Market Landscape 3 Market Sizing 4 Historic Market Size 5 Five Forces Analysis 6 Market Segmentation Product Activity Toys And Accessories Soft Toys And Accessories Outdoor And Vehicle Toys Games And Puzzles Infant And Preschool Toys And Others Distribution Channel Specialty Stores E-retailers Hypermarkets Department Stores Geography Europe 7 Customer Landscape 8 Geographic Landscape 9 Drivers, Challenges, and Trends 10 Company Landscape 11 Company Analysis 12 Appendix About Technavio Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios. Contacts Technavio Research Jesse Maida Media & Marketing Executive US: +1 844 364 1100 UK: +44 203 893 3200 Email: [email protected] Website: www.technavio.com/ SOURCE Technavio