White House completes $50 million upgrade to famed 'Situation Room' complex
By Steve Holland WASHINGTON The White House conference room where President Barack Obama and his top aides watched
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MrBeast plans exciting giveaway to break cash prize record in gaming history, fans say 'you obviously have too much money'
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2023-06-23 12:47
Billionaire Joe Lewis pleads not guilty to insider trading in schemes involving girlfriend and private pilots
Joe Lewis, the British billionaire and long-time majority stakeholder in Tottenham Hotspur, pleaded not guilty in New York on Wednesday to charges of insider trading. The previous day, federal officials said the investor “abused his access to corporate boardrooms” and carried out a series of “brazen” instances of financial misconduct, sharing insider information with friends, employees, and former romantic partners. He’s charged with 16 counts of securities fraud and three counts of conspiracy, Reuters reports. “That’s classic corporate corruption,” US attorney Damian Williams said in a video statement on Tuesday. “It’s cheating, and it’s against the law.” Attorneys for the billionaire said he plans to fight the charges. “The government has made an egregious error in judgment in charging Mr Lewis, an 86-year-old man of impeccable integrity and prodigious accomplishment,” David M Zornow said in an email statement to The Independent on Tuesday. “Mr Lewis has come to the US voluntarily to answer these ill-conceived charges, and we will defend him vigorously in court.” In a hearing on Wednesday before US magistrate Judge Valerie Figueredo in Manhattan following Mr Lewis’s early-morning arrest by the FBI, new details about the case against the businessman came to light. As part of a $300m bond, Mr Lewis was ordered to surrender his mega-yacht, the Aviva, as well as his private aircraft. He will now be barred from international travel as the case proceeds. Officials also accused two of his pilots, Patrick O’Connor of New York and Bryan Waugh of Virginia, of profiting off illegal tips from Mr Lewis. Both men have pleaded not guilty, and their lawyers declined requests to comment from Reuters. Prosecutors allege Mr Lewis lent the men $500,000 each in 2019, encouraging them to buy stock in an oncology company in which the billionaire had invested. Mr O’Connor allegedly texted a friend “the Boss has inside info”, a seeming reference to a tip that the billionaire allegedly passed on that the company was about to announce promising clinical results. After the company announced the news, the shares the pilots allegedly bought leapt by 16.7 per cent, and prosecutors allege one of the men labeled a payment to Mr Lewis “loan payback” and listed the company’s stock symbol. In an accompanying civil case, the Securities and Exchange Commission accused Mr Lewis, the pilots, and the billionaire’s former girlfriend Carolyn Carter of insider trading. Officials allege that in 2019, Mr Lewis told Ms Carter about a biotech company that was about to raise capital and potentially increase its share price, even though he was bound by a confidentiality agreement. She then allegedly bought $701,000 in the company, earning a $172,000 on her investment. The Independent has contacted Ms Carter for comment. “When insiders like Lewis take advantage of their access to such information, it erodes public trust and confidence in the fair and efficient operation of our markets,” SEC enforcement director Gurbir Grewal said in a statement. “That’s why we will continue to use all the tools at our disposal to hold accountable those who abuse their positions for personal benefit and the unlawful enrichment of others.” Tottenham Hotspur told The Independent, “This is a legal matter unconnected with the club and as such we have no comment.” Mr Lewis ceased to be a "person with significant control" of the Premier League club last year, following a "reorganisation of the Lewis Family Trusts,” the club said, according to Sky News. He bought a controlling stake in the Premier League club from Lord Alan Sugar in 2001 for £22m. Mr Lewis owns the Tavistock Group, which owns more than 200 assets across 13 countries, including Tottenham Hotspur and UK pub operator Mitchells & Butlers, according to Sky News. The 86-year-old is worth an estimated $6.1bn and lives in the Bahamas, according to Forbes. Read More Who is Joe Lewis? The secretive billionaire Tottenham owner charged with insider trading UK billionaire Joe Lewis, owner of Tottenham soccer team, charged with insider trading in US Football rumours: Tottenham owner tells chairman to sell Harry Kane
2023-07-27 07:46
Emmy® Award-Winning Journalists Taylor Dunn and Rebecca Jarvis and Girls Garage Founder/Executive Director Emily Pilloton-Lam to Serve as Keynote Speakers for BIA/OC’s Women Leadership Conference, Presented by The New Home Company
IRVINE, Calif.--(BUSINESS WIRE)--May 18, 2023--
2023-05-18 23:25
Israel Latest: Biden Sees Israel-Saudi Thaw as Motive for Attack
President Joe Biden said Hamas attacked Israel in part to stymie its efforts to normalize relations with Saudi
2023-10-21 12:46
Why is MrBeast being sued by the company making his burgers?
YouTuber MrBeast is being counter-sued for $100 million by Virtual Dining Concepts, the company behind Beast Burger restaurants. MrBeast, whose real name is Jimmy Donaldson, shared in June that he was going to be “moving on” from his Beast Burger restaurants in order to concentrate more on his snack business with his chocolate bar brand Feastables. Just over two years ago Donaldson partnered with Virtual Dining Concepts (VDC) to launch over 2,000 ‘ghost kitchens’ to make Beast Burger available across the United States. VDC are suing Donaldson for failing to honour his contractual obligations, as well as intentional tortious interference. The lawsuit was filed on Monday morning in the Supreme Court of the State of New York for the County of New York. Sign up to our free Indy100 weekly newsletter The suit, obtained by Variety, is a response to Donaldson suing VDC and its parent company last month, wanting to terminate the deal for his restaurant chain, alleging the burgers it served were called “disgusting,” “revolting” and “inedible” which damaged his reputation. Last week, VDC hit back at the suit claiming it was “riddled with false statements and inaccuracies”, as well as calling it “meritless” and “ill-advised”. “This case is about a social media celebrity who believes his fame means that his word does not matter, that the facts do not matter, and that he can renege and breach his contractual obligations without consequence,” the suit states. “He is mistaken.” The counter-suit claims that Donaldson had breached the parties’ agreements and interfered with business dealings. As a result, it has damaged the reputation of MrBeast Burger and VDC, turned away customers and ruined relationships with suppliers and vendors. The lawsuit also contains examples of deleted tweets from the YouTube star’s account where he writes that he wished to close the burger business, writing: “the company I partnered with won’t let me stop even though it’s terrible for my brand.” VDC was co-founded by Robert Earl, who is the founder and CEO of Planet Hollywood. The company has backed celebrity brands including those from Mariah Carey and Mario Lopez. Have your say in our news democracy. Click the upvote icon at the top of the page to help raise this article through the indy100 rankings.
2023-08-08 16:49
Scott McTominay’s brilliant rescue act cannot camouflage abject Man United’s lack of plan and purpose
Scott McTominay may have been summoned more in desperation than inspiration. Erik ten Hag had already tried four other substitutes, with precious little impact. He had taken off Marcus Rashford, for the third game in a row. He had brought off a defender for a striker. He had hauled Casemiro off at half-time. And then, in the 87th minute, in a last throw of the dice, he swapped his remaining defensive midfielders. Exit Sofyan Amrabat, enter McTominay. It may prove the best substitution Ten Hag will ever make as United manager. Because, 10 minutes later, McTominay was charging, his teammates frantically trying to catch him as Old Trafford, perhaps preparing the boos, erupted. Like a one-man Sheringham and Solskjaer, McTominay had scored twice in injury-time, transforming defeat into victory, a potential mutiny into jubilation. When ignominy and misery beckoned, United instead had McTominay, a man on a mission. It may breach the Trades Description Act to brand him a defensive midfielder here. He spent much of his cameo haring into the box, running with purposeful potency. It was under pressure from McTominay that Nathan Collins put the ball in his own net for a goal that was disallowed because Martial was offside. No matter. When Thomas Strakosha, the second-choice goalkeeper who United barely tested for much of his Premier League debut, parried Diogo Dalot’s shot, McTominay was the predator in the box who was on hand to finish. When Bruno Fernandes’ free kick was headed on by Harry Maguire, McTominay anticipated it and planted his header past Strakosha. His goals have been more frequent for Scotland than United of late but Fergie Time became McTominay Time. Just in time for Ten Hag, too. This was shaping up as a week of three consecutive defeats in eminently winnable games. United still have not lost three successive home games since 1962 and Brentford have not won at Old Trafford since 1937, but each run came perilously close to ending. United could scarcely complain if they had, either. Brentford were responsible for arguably the lowest point of Ten Hag’s reign, the 4-0 shellacking in his second game. Yet a loss here, a seventh in 11 games at the start of the season, may have been a new low for a club who find ways to plumb depths. Results can change much, from a mood to a season, but they should not camouflage everything. Defeat was desperately cruel to Brentford. They looked better coached, with more of a gameplan. United scarcely pressed, and when they did it was individually. Ten Hag can talk of togetherness, but United looked a rabble; with a starting 11 who cost around £400m, an expensive rabble who were rescued by a player who cost nothing, in an academy product. Minutes from a landmark result, Brentford instead could reflect on what might have been. In different ways, Brentford have lost arguably their three most important players from last season, in the departed David Raya, the injured Rico Henry and the suspended Ivan Toney. It meant United should not complain about the loss of Raphael Varane, which meant they were without six sidelined defenders. It nevertheless produced a teamsheet with a difference. The Leicester retro centre-back partnership of Harry Maguire and Jonny Evans were reunited; against the rather quicker Brentford strike duo of Yoane Wissa and Bryan Mbuemo, the 35-year-old sometimes backed off so far he was in a different postcode. Lindelof switched to left-back and stalked down the tunnel when substituted. He was a culpable when Brentford led, but one of many. If errors have been a common denominator in goals United have conceded this season, there have rarely been more in one goal, as though a lowlights reel had been spliced together: first Casemiro gave the ball away, then he slid in a failed attempt to regain it. Lindelof failed to clear Wissa’s low pass – as did Casemiro – and Andre Onana should have saved Mathias Jensen’s shot, were he a goalkeeper who saves shots. Thereafter, United could at least be grateful that Onana denied Neal Maupay and that Diogo Dalot cleared off the line from Norgaard. For United, Fernandes at least injected urgency. Alejandro Garnacho brought more verve than Rashford. And yet a comeback was not seriously threatened until, with only Donny van de Beek, Facundo Pellestri, Hannibal Mejbri and Altay Bayindir left on the bench and the Brentford fans suggesting he may be sacked in the morning, Ten Hag turned to McTominay. It may be an exaggeration to brand it his Mark Robins moment – he was not on the brink – but once again, a youth-team product came to a beleaguered manager’s aid. And if the performance showed the flaws in this United team, the win brought respite in a torrid time. Read More Man United vs Brentford LIVE: Latest Premier League updates ‘There is only one person in the world I do not answer back to’ Mikel Arteta urges Arsenal to bring City losing streak to an end Erik Ten Hag insists managing Manchester United is not an impossible job Manchester United vs Arsenal LIVE: Latest Women’s Super League updates Roy Hodgson admits Crystal Palace are in midst of a ‘serious injury crisis’
2023-10-08 00:54
Toyota's October global output hits record despite supplier accident
TOKYO Toyota Motor said on Wednesday its October global vehicle production hit a record for that month, helped
2023-11-29 12:50
Japan Finance Minister says no 'defence line' set in dealing with currency moves
By Tetsushi Kajimoto TOKYO (Reuters) -Japanese Finance Minister Shunichi Suzuki said on Friday Japanese authorities have set no "defence line"
2023-09-29 13:56
King Charles finds his Seoul food in the suburbs
The King visits "Korea Town" in New Malden, which claims to have Europe's biggest Korean population.
2023-11-09 02:29
A billion-dollar coastal project begins in Louisiana. Will it work as sea levels rise?
Officials are breaking ground in southeast Louisiana on a nearly $3 billion project to fight coastal wetland loss
2023-08-10 13:49
Obesity drugs give Danish economy a major boost
Massive demand for diabetes and weight loss drugs made by Danish pharmaceutical group Novo Nordisk have turned it into Europe's most valuable company, giving...
2023-09-06 20:27
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