By Bloomberg Published May 14, 2024 Converse is cutting some jobs as parent company Nike Inc. trims its staff across divisions in search of cost savings. Bloomberg Nike is undergoing a $2 billion cost-cutting plan that includes slashing 2% of its workforce. Layoffs have hit its Oregon headquarters across two rounds, with the process expected [...]read moreConverse cuts jobs as part of parent Nike’s cost-savings plan
Coach handbag maker Tapestry cut its annual sales forecast and missed third-quarter revenue estimates on Thursday, signaling weak demand for its tote bags and accessories in North America and China. See catwalkCoach – Spring-Summer2024 – Womenswear – Etats-Unis – New York – © Launchmetrics Shares of the Kate Spade owner fell 2% as the company [...]read moreCoach parent Tapestry cuts sales forecast on tepid demand in US, China
Ellington Financial, the parent company of top-five reverse mortgage lender and servicer Longbridge Financial, reported that its reverse mortgage segment’s adjusted distributable earnings were lower in the first quarter of 2024 than they were in the previous quarter. Projections of loan originations and submissions, however, are tracking higher thus far in the second quarter and [...]read moreIn Q1 earnings, Longbridge parent expects reverse mortgage market to improve
Meta’s running a new series of workshops across the U.S. which are designed to better equip parents in managing their child’s screen time, while also highlighting the potential risks of online exposure, and how to minimize such, where possible. Meta’s “Screen Smart” series will see in-person events hosted in five U.S. cities, with Meta experts [...]read moreMeta Announces New ‘Screen Smart’ Series of Parent Info Session in the US
Finance of America Companies (FOA), parent company of industry-leading reverse mortgage lender Finance of America Reverse (FAR), released a new “investor update” this week to update shareholders and other stakeholders on different elements of its reverse mortgage business including its strategic initiatives, business model and an update on its integration of American Advisors Group (AAG). [...]read moreFAR parent updates investors on AAG integration, business performance
Ocwen Financial Corp., the parent company of top five reverse mortgage lender Liberty Reverse Mortgage and PHH Mortgage Corp., announced on Wednesday that it is undergoing a rebranding effort and will be known as Onity Group Inc. This is according to a company spokesperson and a subsequent announcement issued on Wednesday. The only entity to [...]read moreLiberty Reverse parent Ocwen seeks to rebrand this year
John Gottman’s Four Horsemen are well known in the relationship space for leading to relationship demise. However, these types of negative interactions (criticism, contempt, defensiveness and stonewalling) can also be generalized to the parent child relationship. In contrast to a couples relationship where there is equal responsibility for healthy communication, the parent child relationship is [...]read moreThe Four Horsemen in the Parent Child Relationship
Ellington Financial, the parent company of reverse mortgage industry lender and servicer Longbridge Financial, announced the successful closing of a new securitization backed by a pool of proprietary reverse mortgages initially originated by Longbridge. The securitization was valued at $208 million and Longbridge will continue to act as the servicer of the underlying assets, according [...]read moreLongbridge parent completes proprietary reverse mortgage securitization
It’s one of the more difficult conversations we can have with a parent or grandparent: Their driving skills have declined to the point where you know they’re a risk to themselves or others. When confronted, some seniors hand over the keys willingly. Some don’t. Their may not have self-awareness or are in denial about their [...]read moreWhat to do when it’s time for a parent or grandparent to quit driving
According to a new report, executives at the former owner of HBO–AT&T–asked if Game of Thrones could be filmed vertically to appeal to people who who wanted to watch on their phone. The Wall Street Journal reported this (as relayed by Variety), adding that AT&T also “openly discussed” the idea of making “snackable mini-episodes of [...]read moreFormer Game Of Thrones Parent Company Apparently Asked If Show Could Be Filmed Vertically