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Speculation had mounted in recent days about a possible change to the board after Reuters reported that Starboard Value, led by Jeffrey Smith, had built a position in MGM and was considering pushing for changes. In early January, MGM Resorts announced plans to cut costs and boost growth, proposing to increase annualized adjusted earnings before interest, taxes, depreciation and amortization by $300 million by the end of 2021. “It is clear to me that MGM is focused on driving profitable growth,” Meister said in a statement, adding that he thinks he can help. Meister, who founded Corvex in 2010 after working for financier Carl Icahn, has sat on the boards of Yum Brands Inc and the Williams Companies, among others.

Since 2017 MGM said it has appointed four new independent directors, including Meister, The gambling industry has faced a shakeup in recent years as many states that used to prohibit gaming are now permitting it, Last year MGM’s smaller peer Caesars Entertainment Corp (CZR.O) rejected a merger approach from Tilman Fertitta, the billionaire owner of Golden Nugget Casinos, Since then speculation has mounted about Caesar’s future, especially since how to choose cufflinks it was announced that Mark Frissora will be leaving as chief executive next month..

(Reuters) - Fossil Group Inc said on Thursday it would sell its intellectual property related to a smartwatch technology currently under development to Alphabet Inc’s Google for $40 million, sending the watchmaker’s shares up as much as 11 percent. The sale will see a portion of its research and development team currently working on the technology moving to Google. The deal is expected to close in January, Fossil said. “The addition of Fossil Group’s technology and team to Google demonstrates our commitment to the wearables industry,” Stacey Burr, vice president of product management at Google’s Wear OS, a smartwatch platform, said.

(Reuters) - American Express Co (AXP.N) missed Wall Street’s fourth-quarter profit estimates on Thursday, as the rate of customer spending slowed despite a strong U.S, holiday sales season, The credit-card issuer’s shares fell 2.4 percent in extended trading, “For the past couple of quarters how to choose cufflinks card spending for AmEx in the U.S, has been 10 percent, that dropped down to about 9 percent this quarter, that is having an effect on the stock,” Buckingham Research Group analyst Chris Brendler said..

The slowing growth came despite the United States witnessing its strongest holiday season in six years on the back of a robust economy and more deals. According to a Mastercard report on Dec. 26, holiday spending rose 5.1 percent to over $850 billion. This strong health of the consumer spurred more customers to take loans on credit cards in the quarter, growing AmEx’s loan portfolio by 12 percent in the fourth quarter. However, this also drove provisions for credit losses higher by 14 percent.

Meanwhile, expenses rose 9 percent as AmEx poured more money into offering perks such as rewards programs and lounge access at airports to better compete against companies such as JPMorgan’s (JPM.N) Chase cards division and payment networks Visa (V.N) and Mastercard (MA.N), Card member rewards expenses rose 11 percent, AmEx said, The company said its net income was $2.01 billion, or $2.32 per share, in the quarter ended Dec, 31, compared with a loss of $1.21 billion, or $1.42 per share, a year earlier, when it took a charge due to a change in U.S, how to choose cufflinks tax laws..

LONDON (Reuters) - Major consumer companies including Unilever (ULVR.L), Procter & Gamble (PG.N) and Nestle (NESN.S) are chasing consumers who want food and household goods delivered automatically, even though this kind of business has not always worked. The companies are pitching new online subscription services, which promise stable revenues, lower delivery costs and valuable data about customers. The world’s biggest packaged food company, Nestle, whose Nespresso coffee is already a sizeable subscription business, recently launched a subscription program for nutritional drinks in Japan and expanded ReadyRefresh, an online bottled water service, in the United States.

It also wants to expand the subscription pet food from Britain to continental Europe, one of its executives told Reuters, It is testing the service in France for a possible launch this year, Unilever on Monday will launch its Skinsei brand in the United States after testing, offering “personalized” skincare by subscription, Unilever expanded its Dollar Shave Club subscription razor service to include cologne and beard oil in 2018 and toothpaste in 2017, Meanwhile, Procter & Gamble (PG.N), the world’s largest home and personal care company, expanded its Gillette on Demand razor subscription service to Canada, Subscribers can text when they are ready for their how to choose cufflinks next shipment..