Brexit talks in turmoil as Theresa May fails to win over EU leaders
- Brussels, Belgium (CNN) - Talks to agree a delay to the tortuous Brexit process were in turmoil on Thursday, after EU leaders were apparently spooked by another lackluster performance by the British Prime Minister Theresa May. EU leaders meeting in Brussels were set to endorse May's request for an extension, but diplomats said they were wrangling over a range of different options.
- Crucially, EU leaders discussed the possibility of dropping the suggestion by Tusk that any extension be conditional on the UK Parliament approving the divorce deal, one diplomat told CNN.
- EU leaders would be forced to hold another summit next week, with the prospect of a no-deal Brexit a mere hours away, Grybauskaitė said.
- On Thursday, a UK Ministry of Defence spokesman told CNN it has put 3,500 troops on standby to "aid contingency plans" for a no deal Brexit.
As Lyft kicks off IPO roadshow, investors still uncertain about profitability
- Lyft executives told hundreds of investors on the 20th floor of the St. Regis that the company will eventually reach 20 percent EBITDA margins, but gave no clear timeline for that watermark, according to three investors who asked not to be named because the meeting was private.
- When probed by an attendee, Lyft executives also declined to say whether there was a model city that shows how they can achieve profitability, one investor said.
- One potential investor from a hedge fund, who asked not to be named, called the strategy and timeline "loosey goosey." The deal was "not for him," but said there was strong interest from those willing to look 10 years to 15 years down the road and trust that Lyft can go the way of high-growth success stories like Amazon.
Elementary school teachers were shot with pellet guns 'execution style' during an active shooter drill in Indiana
- Elementary school teachers were shot "execution style" with pellet guns as part of an active shooter training conducted by a local sheriff's office, the Indiana State Teachers Association (ISTA) said.
- Teachers at Meadowlawn Elementary School in Monticello, Indiana, were left with welts and bruises in January after they were told to kneel against a wall and sprayed with plastic pellets, according to a report on the incident in the Indianapolis Star.
- The drill featured officers from the White County Sheriff's Office, and training from an organization called ALICE, which stands for "Alert, Lockdown, Inform, Counter, and Evacuate" and promotes SWAT-like defense tactics.
- Thousands of schools across the country use ALICE to train for active shooters, though shooting teachers with pellets is not part of the regular training.
- White County Sheriff's Office told The Star that it will no longer used air-powered airsoft guns as part of its trainings with teachers.
Skeptical Democratic donors tell Joe Biden they will not raise funds for him at the start of the 2020 campaign
- Several top Democratic donors have told former Vice President Joe Biden that they won't help him raise funds in the early stages of the party's 2020 presidential primary, CNBC has learned.
- His pitch: He will need their assistance to compete against candidates, such as Beto O'Rourke and Bernie Sanders, who have raised millions of dollars over the first 24 hours of their campaigns, according to people familiar with the deliberations.
- However, during those calls, some high-profile donors told Biden that they will not commit to bundling for him, at least in the early stages of the primary, said the people, who declined to be named.
- Obama received a lot of help from high-end bundlers, including film executive Jeffrey Katzenberg, who in 2012 assisted in raising at least $500,000 for his re-election campaign, according to the nonpartisan Center for Responsive Politics.
Inside the Lyft roadshow in NYC where investors packed the penthouse of a $1,000 a night hotel
- NEW YORK — Nearly 400 money managers and Wall Street bankers crowded into the penthouse ballroom of New York's St. Regis hotel on Thursday to hear the co-founders of ride-hailing giant Lyft make a sales pitch for what's expected to be the largest IPO in several years.
- After a brief presentation, Lyft founders John Zimmer and Logan Green, as well as CFO Brian Roberts, took turns answering questions about the company's business, its mounting losses and the fierce competition it's facing with Uber.
- Lyft stressed that it would not engage in a price war with Uber by lowering the rates it charges consumers to use its ride-hailing service, several people at meeting told Business Insider.
- One guest told Business Insider that they expect the offering to be "double-digit oversubscribed," but others raised concerns about the offering, given the challenges facing Lyft, which lost roughly $900 million last year.
Noose hung at Fiat Chrysler plant
- But despite inquiries by internal and external teams at the Sterling Heights plant near Detroit, the culprit could not be identified, it said.
- Other companies are being sued for their handling of racist incidents at their workplaces, including the hanging of nooses.
- Five nooses appeared in General Motors' Toledo Powertrain plant in Ohio between 2017 and 2018 as a threat to black supervisors and workers, along with racial slurs written on bathroom walls and verbal threats, according to a lawsuit filed in November.
- A short distance from Toledo, in Maumee, Ohio, a black worker told CNN he found a noose hanging over his area at a UPS center.
- According to a lawsuit filed this month by 19 current and former workers, that was one of a string of racist or discriminatory incidents at the company.
How Brad Pitt rose to fame — from Midwestern teen athlete to one of Hollywood's most recognizable actors
- Brad Pitt arrived in Hollywood two decades ago.
- While looks may have nabbed him some early roles, it took great ambition, talent, and the ability to swivel between acting and producing to create a career that could stand the test of time.
- Even today, as he's moved more to producing rather than acting in films, his name is recognizable everywhere.
- As with any Hollywood heart throb, Pitt's personal life has sold a great number of magazines.
- Brad Pitt and Juliette Lewis first co-starred in the NBC made-for-television movie "Too Young to Die" in 1989.
- In late 2018, Jolie's lawyers told Reuters that the two stars finally reached a custody agreement.
- Margot Robbie stars as real-life actress Sharon Tate, who was murdered by Charles Manson and his followers in California in August 1969.
Cramer Remix: Forget the stocks caught in the trade war crossfire
- CNBC's Jim Cramer on Wednesday told a caller he likes to look for stocks that will perform well despite the ongoing trade discussions between the United States and China.
- Trade negotiations between the United States and China have boiled down to whether President Donald Trump can trust the Chinese or not, Cramer said.
- PetIQ, which makes health and wellness products for dogs and cats, is necessary because 50 percent of pets in America don't have health care, CEO Cord Christensen told Cramer.
- Cramer said he thinks a federal judge should put a "special master" on Tesla's board of directors to make CEO Elon Musk comply with a court-approved deal between him and the Securities and Exchange Commission.
- Cramer said he doesn't know how Musk, who he called a genius, can weasel his way out of this predicament.
An Oklahoma sheriff and all her deputies resigned together — and now no one knows who's in charge
- A judge had ordered Sheriff Terry Sue Barnett to house inmates in the jail, but Barnett wrote in a resignation letter that doing so would violate both her conscience and the constitution.
- For starters, Barnett said, the carbon monoxide level in the facility reached 18 — just two levels short of lethal.
- No inmates have stayed in the Nowata County Jail since the carbon monoxide level rose to 18 on February 28.
- Instead, the inmates have been detained in Washington County, which Associate Judge Carl Gibson deemed too costly, according to Barnett.
- When Gibson issued a court order Monday morning demanding that inmates be sent back to the Nowata County Jail that same day, Barnett and Undersheriff Mark Kirschner resigned.
- The South Coffeyville Police Department, which patrols the neighboring town, will be handling any 911 emergency calls from Nowata County residents, Police Chief Wade Lamb told INSIDER.
Amazon is aggressively blocking ads for unprofitable products as part of a plan to bolster its bottom line
- As Amazon steps up its effort to show Wall Street it can generate profits, the e-commerce giant is aggressively blocking money-losing products from advertising on its site.
- In recent months, Amazon has been telling more vendors, or brand owners who sell their goods wholesale, that if Amazon can't sell those products to consumers at a profit, it won't let them pay to promote the items.
- The added stringency, which CNBC learned of from conversations with vendors and emails they received from Amazon as well as from outside experts, reflects a broader push to squeeze earnings out of a historically low-margin business.
- Internally, Amazon calls these products "CRaP," which stands for for "Can't Realize a Profit." Typically, they are items that sell for less than $25, but could go up to $2,000 if they're bulky and expensive to store and ship, Hansen said.