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☆ Glass Lewis endorses 6 of activist Ancora's nominees for Norfolk Southern board
▼ + stars: | 2024-04-29 | by ( Rohan Goswami | In Rohangoswamicnbc | ) www.cnbc.com time to read: +4 min

Activist investor Ancora received a powerful endorsement in its efforts to secure a board change and to oust Norfolk Southern CEO Alan Shaw on Monday, when proxy advisor Glass Lewis recommended the railroad's shareholders vote for 6 of Ancora's board nominees. "We believe Ancora has presented a compelling case for supporting a substantial overhaul of the Company's current leadership," Glass Lewis said in its report. Furthermore, Glass Lewis said Barber, Ancora's pick for CEO, and Jamie Boychuk, the activist's pick for COO, "have compelling credentials and track records." Ancora also seeks to install former CSX executive Boychuk as Barber's chief operating officer. Their support, coupled with Glass Lewis' endorsement, gives the activist powerful ammunition as it seeks to convince shareholders.

Persons: Ancora, Alan Shaw, Glass Lewis, Betsy Akins, Jim Barber, William Clyburn, Sameh Fahmy, Gilbert Lamphere, Allison Landry, Shaw, Amy Miles, Barber, Ancora's, Jamie Boychuk, Boychuk, John Orr Organizations: Norfolk Southern, Teamster, UPS, CNBC, CSX, Canadian National, CN, NSC, Norfolk Locations: Norfolk Southern, East Palestine , Ohio, Norfolk

☆ Here are Wednesday's biggest analyst calls: Nvidia, Tesla, Exxon, Coinbase, Cava, Alphabet, Amazon, Block & more
▼ + stars: | 2024-04-10 | by ( Michael Bloom | ) www.cnbc.com time to read: +7 min

Bank of America reiterates Nvidia as buy Bank of America said it's sticking with the stock as a top pick. Mizuho reiterates Block as buy Mizuho raised its price target on the payment company to $106 per share from $99. Bank of America reiterates Coinbase as underperform. Bank of America reiterates Alphabet as buy Bank of America said "AI innovation [was] on display" at the company's Google Cloud Next event. " Deutsche Bank reiterates Amazon as buy Deutsche said the company is a top pick heading into earnings. "

Persons: Morgan Stanley, Piper Sandler, Tesla, Piper, Zillow, Jefferies, Mizuho, Goldman Sachs, Goldman, TD Cowen, Cowen, William Blair, Vital, Canaccord, Truist Organizations: NVIDIA, " Bank of America, Nvidia, Bank of America, Jefferies, Mizuho, SEC, Barclays, Google, Citi, Pharma, Chevron, Exxon, Vital, Argus, Motors, of America, Deutsche Bank, Amazon, Deutsche, E Corp, National, CN Locations: FCFS, Cava, CAVA, Albemarle, 1Q24, OW

☆ Norfolk Southern activist investor highlights past abusive behavior of new COO as proxy fight intensifies
▼ + stars: | 2024-04-05 | by ( Rohan Goswami | In Rohangoswamicnbc | ) www.cnbc.com time to read: +6 min

Last month, Norfolk Southern hired Orr away from rival CPKC, paying tens of millions of dollars to buy him out of his contract. A witness told the arbitrator that, in one instance, Orr told the employee that she "was so f------ stupid it was embarrassing." Prior to the announced hiring of Orr, Ancora drew attention to claims about his behavior in emails to two Norfolk Southern board members that CNBC obtained. Norfolk Southern told CNBC in a statement that Ancora's analysis of the value of the route — the Meridian Speedway agreement — "is completely inaccurate and based on a flawed premise," in that it assumes Norfolk Southern is forgoing more revenue than it actually is. Regarding Orr, Norfolk Southern said he has a "track record of improving performance while operating safely and with integrity."

Persons: Ancora, Alan Shaw, John Orr, Orr, Jim Barber, Jamie Boychuk, Shaw, John, Mr, Neuberger Berman, Gordon Haskett, Don Bilson, it's, isn't Organizations: Norfolk Southern, Getty Images, Wall, Canadian National, Canadian, CNBC, Norfolk, Meridian, CSX, Longacre Square Partners, Barclays Locations: Atlanta , Georgia, Getty Images Norfolk, Norfolk, Norfolk Southern, U.S, Orr, East Palestine , Ohio

(AP) — Transportation Secretary Pete Buttigieg has reiterated his concerns about railroad safety and scolded the industry for not doing more to improve since last year's fiery Ohio derailment. In a new letter to the freight railroads' main trade group, Buttigieg acknowledged that railroads say they are committed to safety. But he said too often regulators encounter resistance when trying to get the industry to do more to improve safety. And he said the Federal Railroad Administration's statistics don't show safety improving significantly over the past decade. But Buttigieg said that with two workers killed last year in rail yard accidents he's still concerned about those incidents.

Persons: Pete Buttigieg, Buttigieg, Ian Jefferies, ” Jefferies Organizations: —, Federal Railroad, Association of American Railroads, Railroads, Union Pacific, AAR, BNSF, CSX, Canadian National, Norfolk Southern Locations: OMAHA, Neb, Ohio, Palestine , Ohio, U.S, Nebraska, Norfolk Southern, Norfolk, East Palestine

☆ Norfolk Southern proxy fight draws heavyweight politicians and regulatory scrutiny a year after derailment
▼ + stars: | 2024-02-27 | by ( Rohan Goswami | In Rohangoswamicnbc | ) www.cnbc.com time to read: +12 min

Norfolk Southern' has underperformed both its peers and the broader market over the last year. Norfolk Southern responded on Monday, rejecting that slate and announcing it would nominate former Amtrak CEO Richard Anderson and former U.S. For Ancora, which has a successful track record as an activist investor, the proxy fight at Norfolk Southern would be its largest ever. EdgePoint controlled 3.4 million Norfolk Southern shares as of Dec. 31, or about 1.5% of shares outstanding. Norfolk Southern has yet to set a date for the annual shareholder meeting.

Persons: Alan Shaw, Norfolk Southern Scott Mlyn, John Kasich, Donald Trump, Ancora, Shaw, Jim Barber, Jamie Boychuk, Richard Anderson, North Dakota Heidi Heitkamp, Heitkamp, Anderson, Frank Blake, Matt Freed, Joe Biden, Biden, Trump, it's, there's, Ancora's, Hunter Harrison, Norfolk Southern, Martin Oberman, Oberman, Amit Bose, Bose, Jim Chadwick, Chadwick, Ancora beneficially, Barber, Boychuk, Harrison, Mandel Ngan, Ancora's Chadwick, Amy Miles, Miles, Claude Mongeau, CNBC's Leslie Picker, Heidi Heitkamp Organizations: Norfolk Southern, CNBC, Norfolk, Ancora Advisors, EdgePoint Investment Group, Republican, Amtrak, Delta Airlines, Cargill, Home Depot, U.S, Energy, Workers, East, Trump, Biden, Southern, PSR, Federal Railroad Administration, Surface Transportation, Federal, UPS, Teamsters, Canadian, . Norfolk Southern, CSX, Deutsche Bank, AFP, Getty Locations: Norfolk Southern, East Palestine , Ohio, Ohio, Norfolk, North Dakota, Medtronic, East Palestine, Cleveland, Ancora

☆ Christopher Morales Williams: Canadian teenager breaks 400m indoor world record
▼ + stars: | 2024-02-26 | by ( George Ramsay | ) edition.cnn.com time to read: +2 min

CNN —Canadian teenager Christopher Morales Williams ran a stunning 400-meter world indoor record at the SEC Indoor Championships in Fayetteville, Arkansas, on Saturday. In 2018, American Michael Norman ran an indoor time of 44.52 which couldn’t be ratified as a record by World Athletics. “The world record – I guess that’s something you wouldn’t really expect to happen, but it did,” Morales Williams told reporters after Saturday’s race. And then I guess that’s always the result of it.”Morales Williams won the Canadian national championships and a silver at the Pan American U20 championships last year. Prior to that, he was part of Canada’s silver medal team in the 4x400-meter relay at the World U20 Championships in 2022.

Persons: Christopher Morales Williams, Morales Williams ’, Michael Norman, couldn’t, “, ” Morales Williams, wasn’t, Jevaughn Powell, ”, that’s Organizations: CNN, SEC, World Athletics, University of Georgia, Canadian, Pan American U20 Locations: Fayetteville , Arkansas, Ontario

☆ Criminal sentencing of Binance founder CZ postponed to late April
▼ + stars: | 2024-02-12 | by ( Dan Mangan | ) www.cnbc.com time to read: +1 min

Changpeng Zhao, founder and CEO of Binance, attends the Viva Technology conference dedicated to innovation and startups at Porte de Versailles exhibition center in Paris on June 16, 2022. The criminal sentencing of Binance founder Changpeng Zhao on a money laundering rule charge has been postponed until April 30, according to a notice Monday in Seattle federal court. That docket entry did not explain what would be a two-month delay in sentencing Zhao, a Canadian national widely known as "CZ" who is free on a $175 million release bond in the United States. Federal sentencing guidelines suggest a maximum sentence of 18 months in prison for Zhao, but prosecutors reportedly have considered asking for a harsher sentence. Zhao pleaded guilty on Nov. 21 to a charge of failure to maintain an effective anti-money laundering program at Binance, the world's largest cryptocurrency exchange.

Persons: Changpeng Zhao, Zhao, William Burck Organizations: Viva Technology, Porte de, Canadian, CNBC, Department of Justice, Emergency Economic Locations: Porte, Paris, Seattle, United States, Binance

☆ Activist Ancora may turn to a reliable tactic to enhance value at Norfolk Southern
▼ + stars: | 2024-02-10 | by ( Kenneth Squire | ) www.cnbc.com time to read: +5 min

When you see that in a railroad company, there is one key metric to look at, which drives railroad profitability and shareholder return: It's the operating ratio. The operating ratio is the company's operating expenses as a percentage of revenue. NSC's operating ratio is almost 69% and the right management team with the right strategy should easily be able to get the operating ratio down close to 60%. There is no need to reinvent the wheel here; the roadmap has already been drawn at Canadian Pacific and CSX. Inside the activist world, and among investors who were shareholders of Canadian Pacific and CSX, this is as sure of an activist strategy as there is.

Persons: Ancora, James Chadwick, Mantle, Hunter Harrison, Harrison, John Kasich, Sameh Fahmy, Jim Chadwick, Ken Squire Organizations: Norfolk Southern, Railroads, TCI, CSX, Pershing, Canadian Pacific, Canadian National, CP, PSR, Kansas City Southern, 13D Locations: United States, Ancora, Ohio

☆ Canadian arrested for allegedly opening plane door, deploying evacuation slide in Thailand
▼ + stars: | 2024-02-09 | by ( Kocha Olarn | Karla Cripps | ) edition.cnn.com time to read: +2 min

Bangkok CNN —A Canadian man has been arrested in the northern Thai city of Chiang Mai after he allegedly opened the door on a commercial plane and triggered the evacuation slide prior to takeoff. According to a statement issued by the Chiang Mai International Airport, the incident took place on the night of February 7. The Airbus A320 was unable to be immediately moved, temporarily preventing other flights from taking off and landing, said the statement. Chiang Mai officials say 2,295 passengers were affected by the February 7 incident. Police said they were unaware of the suspect’s motive for opening the door, but noted he appeared stressed and was difficult to communicate with.

Persons: Bangkok CNN —, Chiang Mai, Chiang, “, ”, Ronnakorn Chalermsanyakorn, Manuschai, Wong Sai Heung Organizations: Bangkok CNN, Chiang Mai International Airport, Thai Airways, Bangkok’s Suvarnabhumi, Airbus, Airways, Chiang Mai International Airport Thai Airways, Chiang Mai Police, CNN, Police, Psychiatric, Canadian Embassy Locations: Bangkok, Thai, Chiang Mai, Thailand

Before last year, paid sick leave was generally not offered to railroad workers. That's instead of joining all the other major freight railroads in negotiating jointly with rail unions on an agreement over pay and benefits. The rail industry reached the brink of a strike in the fall of 2022 before Congress and President Joe Biden intervened to force rail workers to accept a contract. Union Pacific, BNSF and Norfolk Southern now have paid sick time agreements in place with all their unions. Canadian National also trails behind the big U.S. railroads, but still offers sick time to about 46% of its U.S. workers.

Persons: —, Ed Dowell, CPKC “, ” CPKC, That's, Patrick Waldron, ” Waldron, “, CPKC, Joe Biden, wouldn't Organizations: Rail, CPKC's, American Train, Association, Kansas City Southern, Canadian Pacific, CSX, Union Pacific, Norfolk, Canadian Locations: OMAHA, Neb, Kansas City , Missouri, CPKC's U.S, Minnesota, U.S, Calgary, United States, Kansas City, Kansas, Canadian Pacific, North America, BNSF, Norfolk Southern

A month in, the launch of the Professional Women's Hockey League has been by all accounts a resounding win, from multiple attendance records being broken to the quality of play. Women's players have been involved in NHL All-Star Weekend several times now, including longtime U.S. captain Kendall Coyne Schofield stealing the show in the fastest skater event in the 2019 skills competition. Minnesota on Jan. 6 set the record for the biggest crowd to attend a professional women's hockey game with 13,316 at the Wild's home arena in St. Paul. “We’ll continue to lean in and work with the women’s players and have them as part of our world,” Mayer said. “It just makes it a better event.”The only thing that would be better, Coyne Schofield said, is having every PWHL player taking part.

Persons: “, Hilary Knight, Kendall Coyne Schofield, Canada's Sarah Nurse, Igor Shesterkin, we’ve, Coyne Schofield, Nathan Phillips, Mark Walter, Paul, ”, Meghan Duggan, Steve Mayer, “ We’ll, ” Mayer, ” Nurse, Taylor Heise, ” Heise Organizations: Professional Women's Hockey League, NHL, Boston, Olympic, U.S, New York Rangers, Canadian, Los Angeles Dodgers, Premier Hockey Federation, New Jersey Devils, Toronto, Mattamy Athletic Center, Leaf, Toronto's, Montreal, Scotiabank Arena Locations: South Florida, Toronto, Boston , Minnesota , New York, Montreal, Ottawa, Minnesota, St, U.S

Alina Muller has already accomplished plenty in the 10 years since scoring Switzerland’s bronze-clinching goal to become, at 15, the youngest women’s hockey player to win a medal at a Winter Olympics. Another first comes Thursday when she takes part in the Professional Women’s Hockey League’s 3-on-3 showcase game as part of the NHL’s All-Star weekend festivities in Toronto. Political Cartoons View All 253 ImagesNHL chief content officer Steve Mayer said the league has liked to use All-Star Weekend as a way to lean into women’s hockey. Like I must have done something right in life,'” said Team King coach and former Canadian national team player Cassie Campbell-Pascall. The team set a pro women’s hockey attendance record with 13,316 turning out for its home-opening 3-0 win over Montreal.

Persons: Alina Muller, Muller, it's, ”, it’ll, — Kendall Coyne, Steve Mayer, ” Mayer, “, Justin Trudeau, Ottawa’s, Mueller, Alex Carpenter, King —, Billie Jean King —, Hilary Knight, Coyne Schofield, Marie, Philip Poulin, Kloss —, Ilana Kloss —, Carpenter, Taylor Heise, Sarah Nurse, Brianne Jenner, Cassie Campbell, there’s, ” What’s, Pascall, Meghan Duggan, Campbell, “ It’s, Renata, Louis, we’ve, we’re, Toronto’s, Nicole Hensley, Paul, ” Hensley, that’s, Stephen Whyno, ___ Organizations: Professional, Boston, NHL, Canadian, Northeastern, Canada's, Campbell, Canada, ” Scotiabank, Toronto, Mattamy Athletic Centre, Montreal, Scotiabank . Minnesota, Xcel Energy, U.S, AP Locations: Toronto, Europe, Asia, Switzerland, United States, St, Minnesota

☆ DOJ charged an Iranian operative with hiring Hells Angels bikers for assassinations in the US
▼ + stars: | 2024-01-29 | by ( Chris Panella | ) www.businessinsider.com time to read: +3 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewAn Iranian drug trafficker with ties to its spy agency has been charged by the US Department of Justice with hiring members of the Hells Angels biker group to carry out an assassination on American soil. AdvertisementThe DOJ's indictment alleges that Zindashti hired the Hells Angels bikers to conduct the assassination in January 2021. All three defendants are charged with one count of conspiracy to use interstate commerce facilities in the commission of murder-for-hire. Advertisement"Zindashti's network has carried out numerous acts of transnational repression including assassinations and kidnappings across multiple jurisdictions in an attempt to silence the Iranian regime's perceived critics.

Persons: —, Naji Sharifi, Damion Patrick John Ryan, Adam Richard Pearson, Zindashti, Andrew Luger, Pearson, Ryan Organizations: Service, US Department of Justice, Hells Angels, Business, DOJ, District of, US Department of, Foreign Assets, United, Iran's Ministry of Intelligence, Security Locations: Maryland, Iran, Minnesota, District of Minnesota, United Kingdom, United States

☆ Pakistan accuses India of extrajudicial killings on its territory
▼ + stars: | 2024-01-26 | by ( Sophia Saifi | Rhea Mogul | ) edition.cnn.com time to read: +3 min

CNN —A top Pakistan official on Thursday accused India of killing two Pakistani nationals on its soil, citing what he called “a pattern” of alleged Indian assassination plots overseas and raising tensions between the two nuclear-armed rivals. India has long accused Pakistan of harboring terrorists, particularly in the disputed and heavily militarized region of Kashmir, which both countries claim in its entirety. Qazi on Thursday compared the alleged killings in Pakistan to other purported recent Indian assassination plots in North America. India and many other countries have publicly warned Pakistan cautioning that it would be consumed by its own culture of terror and violence,” MEA spokesperson Randhir Jaiswal said. The Indian government has denied involvement in the American and Canadian cases and has set up a high-level committee to investigate the accusations in the US.

Persons: Muhammad Syrus Sajjad Qazi, Muhammad Riaz, Shahid Latif, ” Qazi, –, Qazi, “, Randhir Jaiswal, Justin Trudeau Organizations: CNN, Pakistan, India’s, External Affairs, Canadian, American Locations: Islamabad, Pakistan, Kashmir, Sialkot, New Delhi, India, North America, Canada, United States, American

☆ The 4 most important things we're watching in the stock market this coming week
▼ + stars: | 2024-01-20 | by ( Zev Fima | ) www.cnbc.com time to read: +11 min

Fortunately, we'll get useful information in the coming weeks as earnings season ramps up and updated inflation data is released. We really want to see more supply come into the market to provide some relief on shelter costs. Looking to next week, we'll get a several key economic updates and a ramp up of earnings releases. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio. If Jim has talked about a stock on CNBC TV, he waits 72 hours after issuing the trade alert before executing the trade.

Persons: Morgan Stanley, we'll, Procter & Gamble, we've, We're, we're, We'll, Forex, Brown, BRO, Zions, CrossFirst, Johnson, Lockheed Martin, Horton, ERIC, Baker Hughes, Abbott, ABT, Clark, BOK, Monro, Simmons, United Community Banks, Lam, Ethan Allen Interiors, Raymond James Financial, Sherwin, Williams, Northrop, Murphy, Arthur J, Levi Strauss, LEVI, Booz Allen, Jim Cramer's, Jim Cramer, Jim, John Gress Organizations: Nasdaq, Microsoft, Nvidia, Tesla, Apple, Bank of America, Reserve, Procter, Gross, Citigroup, of Hawaii, United Airlines, Logitech International S.A, AGNC Investment, Agilysys Inc, Great Southern Bancorp, Enterprise Financial Services, Independent Bank, Home Bancorp, RBB Bancorp, TrustCo Bank Corp, Gamble Co, Verizon Communications, 3M Company, General Electric Co, GE, RTX Corporation, Halliburton Company, HAL, Lockheed, Ericsson, Bank, GATX Corporation, MakeMyTrip, National Bancorp, Synchrony, Webster, Atlantic Union Bankshares Corporation, Invesco PLC, Peoples Bancorp Inc, Sandy Spring Bancorp, Netflix, Texas Instruments Incorporated, Steel Dynamics, Canadian National Railway Company, NBT Bancorp, East West Bancorp, Covenant Logistics Group, Inc, Hanmi, National Bank Holdings Corporation, Premier Financial, QCR Holdings, Renasant Corporation, Triumph, Veritex Holdings, ASML, SAP, Textron, Oriental Education, Technology Group, First BanCorp, General Dynamics, OFG Bancorp, Prosperity, TE Connectivity, United Community, Blue Foundry Bancorp, Capitol Federal, HBT, Teledyne Technologies, Business Machines, IBM, Las Vegas Sands Corp, Lam Research, United Rentals, Berkley Corp, Crown, International, Packaging Corporation of America, Seagate Technology plc, CACI, Swift Transportation Holdings, Ameriprise Financial, Concentrix Corporation, First Bank, Liberty Energy, Pathward Financial, Columbia Banking, CSX, American Airlines Group, NextEra Energy Inc, Alaska Air Group, Dow Chemical Co, Valero Energy, Southwest Airlines Co, Nextera Energy, Williams Co, Union Pacific, Applied Industrial Technologies, Mobileye, Northrop Grumman, Comcast, Nokia, TAL Education, McCormick & Company, Intel, Visa Inc, Gallagher, Co, KLA Corporation, Western Alliance, Mobile, L3Harris Technologies, Western, Olin Corporation, American Express Co, Booz, Booz Allen Hamilton Holding, Colgate, Palmolive Co, Norfolk Southern Corporation, Jim Cramer's Charitable, CNBC, Gamble's Locations: Procter &, U.S, China, ZION, Freeport, Kimberly, Las, W.R, Chicago

☆ CNN took an 11-day cruise through some of the most-contested waters on Earth. Here’s what we learned
▼ + stars: | 2023-12-03 | by ( Brad Lendon | ) edition.cnn.com time to read: +23 min

China claims almost all of the 1.3 million-square-mile South China Sea as its sovereign territory. In daylight hours in the South China Sea, from Ottawa’s flight deck or outdoor bridge wings, Chinese warships are often visible to the naked eye. Aviator Gregory Cole/Canadian Armed Forces PhotoOn October 29, things take a potentially dangerous turn, one that could have cost lives and ratcheted up tensions in the South China Sea to new levels. Radar operators scan their instruments in a Canadian antisubmarine warfare helicopter over the East China Sea. Hammerhead targets drones await their fate on the deck of the frigate HMCS Ottawa in the South China Sea.

Persons: Sam Patchell, Jacob Broderick ,, Ben Hughes, Gregory Cole, he’s, “, King Neptune, Xi Jinping, Brad Lendon, Rafael Peralta, Collin Koh, ” Patchell, Patchell, Aviator Gregory Cole, ”, haven’t, Xi, Rob Millen, they’d, Long, Peralta, It’s, Qinetiq, Noble, That’s, Cmdr, Sean Milley, Christine Hurov, Wally Shirra, it’s, Wally Schirra, Loverboy’s, Australia’s, doesn’t, We’ll Organizations: HMCS, HMCS Ottawa CNN, Royal Canadian Navy, Canada, United, Naval Warfare Officers, Canadian Armed Forces, US Navy, Ottawa, CNN, Canada’s Defense Ministry, Chinese Communist Party, Coast Guard, Rajaratnam, of International Studies, People’s Liberation Army Navy, PLA Navy, United Nations, Ottawa's, Cyclone, Canadian, Royal Canadian Air Force, Chinese Defense Ministry, Pentagon, troika, Peralta, Brisbane, CNN Radio, New, New Zealand Navy’s, Cmdr, HMNZS Aotearoa, Australian, Southern Hemisphere, One Locations: HMCS Ottawa, Taiwan, Ottawa, China, United States, Canadian, South China, Gaza, Ukraine, East, Washington, Singapore, Beijing, Spratly, Vietnam, Philippines, Malaysia, Brunei, Chinese, South, East China, CNN Beijing, Canada, Gulf of Mexico, West Coast, Australian, Brisbane, Australia, Japan, New Zealand, Okinawa, replenishments, Aotearoa, American, Ottawa’s

Binance is also expected to expected to plead guilty to the charges. Zhao, the founder and CEO of Binance, has amassed a fortune that Bloomberg pegs at more than $23 billion. This alleged misconduct paved the way for Binance to become king of the crypto exchanges, prosecutors allege. Prosecutors allege Binance, “knowingly failed” to register as a money service business, willfully violated the Bank Secrecy Act by failing to implement and maintain an effective anti-money laundering program and willfully caused violations of US economic sanctions. The SEC also alleged that Zhao and Binance commingled customer assets and even diverted some to an entity controlled by Zhao.

Persons: Changpeng Zhao, Binance, Zhao, General Merrick Garland, Janet Yellen, laundered, “, ” Binance Organizations: New, New York CNN —, CNN, Bloomberg, Wall Street, Treasury, Prosecutors, Court, Western, of, ” Prosecutors, Binance, The Securities, Exchange Commission, SEC, Commodity Futures Trading Commission Locations: New York, of Washington, Canadian, United States, America

☆ Three charged with sending Russia over $7 million in electronics to aid war on Ukraine
▼ + stars: | 2023-10-31 | by ( Kevin Breuninger | ) www.cnbc.com time to read: +3 min

Three people were arrested in New York City on Tuesday on charges of illegally smuggling millions of dollars' worth of electronics to Russia in order to aid the country's invasion of Ukraine. Federal prosecutors in Brooklyn accused Nikolay Goltsev, Salimdzhon Nasriddinov and Kristina Puzyreva of evading sanctions in order to send Russia equipment used in their precision-guided missile systems. The defendants allegedly dispatched hundreds of shipments of restricted items, worth nearly $7.2 million, to Russia over the course of a year. The complaint alleges that the defendants used two corporate entities to source and purchase dual-use electronics from U.S. manufacturers and distributors, and then secretly export them to Russia. Some of the same types of components were found in Russian weapons platforms and signals intelligence equipment that were seized in Ukraine, prosecutors alleged.

Persons: Nikolay Goltsev, Salimdzhon Nasriddinov, Kristina Puzyreva, Nick Stevens, Matthew Olsen Organizations: Attorney, Eastern, of, Prosecutors, United Arab, Justice Department's National Security Division Locations: Brooklyn, New York City, Russia, Ukraine, U.S, of New York, Tajikistan, Goltsev, Montreal, Manhattan, Russian, Turkey, Hong Kong, India, China, United Arab Emirates, Vitebsk

☆ Christine Sinclair: Record goalscorer announces retirement from international soccer
▼ + stars: | 2023-10-20 | by ( Thomas Schlachter | ) edition.cnn.com time to read: +3 min

CNN —Christine Sinclair, one of the most decorated soccer players of all time, has announced her retirement from the international game, effective at the end of the year. “You’ll learn Canadian women’s national team players were playing for $10 a day. “You will stand up to your federation to push forward on a landmark equal pay agreement for the national team. “Here I am preparing to tie the bow on an unbelievable international career shared with so many incredible teammates, coaches, support staff, fans and of course family. While Sinclair will be retiring from international football, the Portland Thorns star hints at an encore for her NWSL side.

Persons: Christine Sinclair, Sinclair, “, ” Sinclair, “ You’ll, Julie Ertz, Martin Bernetti, ” Organizations: CNN, Canadian, Globe, Olympic Games, Canadian national, women’s, Getty, ”, Brazil, Portland Thorns Locations: Vancouver, Canada, US, AFP, ” Canada, – Portland

☆ Why is India's Modi so worried about Sikh separatist calls for Khalistan?
▼ + stars: | 2023-10-06 | by ( Rhea Mogul | ) edition.cnn.com time to read: +11 min

Amplified calls for the creation of Khalistan date back to when India gained its independence in 1947. At the same time, some Sikh supporters of Khalistan have made comments perceived as anti-national and threatening toward India and its government. And in counterinsurgency operations, Indian security forces were accused of a multitude of human rights abuses. The first photos of the damaged Akal Takhat after the army stormed the sikh Golden Temple complex in Amritsar on June 9, 1984. “The larger [Sikh] community is standing by the statements from Trudeau and they want action upon this,” said Jasveer Singh, a British Sikh and senior press officer with the Sikh Press Association.

Persons: Justin Trudeau’s, Hardeep Singh Nijjar, “, Nijjar’s, –, Andre Durand, Guru Nanak, hasn’t, ”, Amandeep Sandhu, Amritpal Singh, India’s, Singh, Stringer, Modi, Suhasini Haidar, Sondeep Shankar, Indira Gandhi, Gandhi, Harsh Pant, Cole Burston, Pant, Nijjar, Justin Trudeau, Blair Gable, Trudeau, Jasveer Singh Organizations: CNN, Air India, Sikh, Canadian, Air, Air India Boeing, Getty, India, British, Keystone, Pew Research Center, Panjab, Bharatiya Janata Party, BJP, Police, Khalistan, Observer Research Foundation, Protesters, Reuters, Sikh Press Association Locations: Montreal, New Delhi, Ireland, Indian, Punjab, Canada, Hardeep, India, Air India, Cork, AFP, Pakistan, Amritsar, British India, Ottawa, “ India, United States, United Kingdom, Australia, Toronto, British

CNN —Intelligence gained by the “Five Eyes” network led to Canada’s public accusation that the Indian government may have played a role in the assassination of a Sikh separatist activist on Canadian soil, the US Ambassador to Canada said Sunday. Five Eyes is an intelligence sharing pact between the United States, the United Kingdom, Canada, Australia and New Zealand, though the ambassador would not confirm if that shared intelligence came from the US. The spat then escalated further last week when India suspended visa services for Canadian citizens over what it said were “security threats” against diplomats in Canada. On Sunday, Canadian Defense Minister Bill Blair sought to shift the focus from questions over its intelligence to the criminal investigation of Nijjar’s killing. His death both shocked and outraged the Sikh community in Canada, one of the largest outside India and home to more than 770,000 members of the religious minority.

Persons: I’m “, David Cohen, Vassy, “ I’m, ” Cohen, Justin Trudeau, Hardeep Singh Nijjar, ”, Arindam Bagchi, Cohen, Bill Blair, Blair, “, we’d, Trudeau, Bagchi, ’, ” Bagchi, Nijjar Organizations: CNN — Intelligence, Canadian, CTV, Canadian Defense, CBC, Canada, United Nations, that’s, India’s, Indian National Investigation Agency, Khalistan Locations: Canada, United States, United Kingdom, Australia, New Zealand, India, New Delhi, Surrey, British Columbia, United, India’s Punjab

☆ India Suspends Visas for Canadians as Rift Over Extrajudicial Killing Deepens
▼ + stars: | 2023-09-21 | by ( Tripti Lahiri | Rajesh Roy | ) www.wsj.com time to read: 1 min

Canadian Prime Minister Justin Trudeau said Monday authorities are investigating “credible allegations” that the Indian government was involved in the killing of a Sikh independence leader living in Canada. India’s foreign ministry rejected the allegations. Photo: Ethan Cairns/The Canadian Press/APIndia suspended visas for Canadian nationals and Canada said it was adjusting its diplomatic presence in the country, as ties between the two countries sank to a fresh low in the wake of allegations by Prime Minister Justin Trudeau that India was potentially involved in the killing of a Sikh separatist in Canada.

Persons: Justin Trudeau, Ethan Cairns Organizations: Canadian, Canadian Press, AP Locations: Canada, AP India, India

☆ India Suspends Visas for Canadians as Rift Over Killing Deepens
▼ + stars: | 2023-09-21 | by ( Tripti Lahiri | Rajesh Roy | ) www.wsj.com time to read: 1 min

Canadian Prime Minister Justin Trudeau said Monday authorities are investigating “credible allegations” that the Indian government was involved in the killing of a Sikh independence leader living in Canada. India’s foreign ministry rejected the allegations. Photo: Ethan Cairns/The Canadian Press/APIndia suspended visas for Canadian nationals and Canada said it was adjusting its diplomatic presence in the country, as ties between the two countries sank to a low in the wake of allegations by Prime Minister Justin Trudeau that India was potentially involved in the killing of a Sikh separatist in Canada.

Persons: Justin Trudeau, Ethan Cairns Organizations: Canadian, Canadian Press, AP Locations: Canada, AP India, India

The newly launched Professional Women’s Hockey League is quickly taking shape. The head coaches are but an example of the step up in class for women’s hockey, with Ryan reunited with Gina Kingsbury, who left Hockey Canada to be Toronto’s GM. Howie Draper, who coached the University of Alberta women’s team to eight national titles, was hired by New York. The majority of the players signed had connections to their respective communities, with most national team players staying in their home countries. She attended a prep school, and played for both the now-defunct Canadian Women’s Hockey League and National Women’s Hockey League Boston-based franchises.

Persons: Hilary Knight, Philip Poulin, Kelly Pannek, Troy Ryan, Courtney Kessel, Kori, Taylor Heise, ” Heise, I’m, Natalie Darwitz, Heise, Darwitz, Lee Stecklein, Kendall Coyne Schofield, Mark Walter, Billie Jean King, Ryan, Gina Kingsbury, Carla MacLeod, Howie Draper, Charlie Burggraf, Micah Zandee, Hart, Alex Carpenter, Abby Roque, Knight, ”, “, ” Pannek, Brant Feldman, Pannek, ” Darwitz, Kelly Organizations: Women’s Hockey League, Canadian, Minnesota, Golden Gophers, Associated Press, Los Angeles Dodgers, Hockey Canada, Czech Republic national, University of Alberta, New, Bethel University, Team USA, National Women’s Hockey League Boston Locations: Boston, Marie, Quebec, Minnesota, Toronto, Montreal, ., “ Minnesota, Chicago, Boston , New York, Ottawa, New York, California, Idaho, New England, City, Plymouth , Minnesota

BP scaled back its energy transition strategy earlier this year but still stands out among rivals as the only oil major with plans to cut oil and gas output by 2030 by 25%. Auchincloss told staff in a brief town hall meeting on Wednesday that the company's aims were unchanged. As part of his energy transition strategy he had committed to BP reaching net-zero emissions by 2050. BP's strategy came under renewed scrutiny after rival Shell (SHEL.L) slowed down its energy transition strategy in June. "(The BP board) have enough flexibility within the current strategy to focus more on cash flow," a second source close to the company said.

Persons: Chris Helgren, Looney, Murray Auchincloss, Bernard Looney's, Auchincloss, hasn't, Helge Lund, Murray, Ron Bousso, Dmitry Zhdannikov, Jane Merriman, Mark Potter, Elaine Hardcastle Organizations: BP, REUTERS, Board, Investors, Canadian, Reuters, Shell, Thomson Locations: Vancouver , British Columbia, Canada

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