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☆ Letitia James is not done with Donald Trump. Now she wants to know if he withheld evidence in her fraud case.
▼ + stars: | 2024-04-10 | by ( Laura Italiano | ) www.businessinsider.com time to read: +8 min

Letitia James won a $454 million judgment against Trump, his penalty for a decade of fraud. She and Trump are now fighting over her claims that he withheld evidence from her fraud probe. "The Court is well within its authority to determine if Defendants and their counsel facilitated that perjury by withholding of incriminating documents," James argued in Tuesday night's letter. AdvertisementAt a hearing in April of 2022, he compared getting Trump's documents to "pulling teeth." Out of some 900,000 documents turned over, only ten were "custodial" Trump documents, meaning business files in the former president's direct custody.

Persons: Letitia James, Trump, James, —, Allen Weisselberg, Weisselberg, Arthur Engoron, Barbara Jones —, Bracewell, Barbara Jones, Drew Angerer, Kevin Wallace, Clifford Robert, Jones, they're, Wallace, Alina Habba, Marc Frazier Scholl, Scholl, Lewis Baach Kaufmann Middlemiss Organizations: Service, New, Trump, Trump Organization, Trump Org, Forbes, Engoron, Business, NY, General's, Manhattan, Attorney's Office Locations: New York, Manhattan, York

☆ UBS-Credit Suisse merger: Systemic risk for Switzerland is 'huge,' says Ethos Foundation
▼ + stars: | 2024-03-19 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailUBS-Credit Suisse merger: Systemic risk for Switzerland is 'huge,' says Ethos FoundationVincent Kaufmann, CEO of the Ethos Foundation, discusses concerns over the integration of Credit Suisse into UBS and the need for regulation.

Persons: Vincent Kaufmann Organizations: UBS, Credit Suisse, Ethos Foundation Locations: Switzerland

New York CNN —Donald Trump is facing a cash crunch as deadlines are quickly approaching to find over half a billion dollars he owes in judgments. The scramble over the past week reveals challenges Trump is facing in raising the combined judgments totaling $537 million. It’s unclear how much cash Trump has on hand. Trump offered to post a $100 million bond to cover the New York attorney general’s case, but the appeals court judge rejected it. The sheer size of the judgments raises practical questions about how the Trump could feasibly come up with the cash.

Persons: Donald Trump, Trump’s, Jean Carroll, Trump, hawking, Chip Somodevilla, ”, Adam Kaufmann, Carroll, —, general’s, feasibly, –, CNN’s, Greg Garrabrants, ” Kaufmann, Jeremy Saland, “, Barbara Jones, Jones, David Shick, Shick Organizations: New, New York CNN, Trump, White House, Vornado, Deutsche Bank, Signature Bank, Capitol, Axos Bank, Lawyers, Trump Organization, Fidelity Association of America, ProSure, Underwriters Locations: New York, York, California

☆ Final day ahead of caucuses begins with Trump boosted by new poll
▼ + stars: | 2024-01-14 | by ( Gregory Krieg | ) edition.cnn.com time to read: +7 min

“Our grassroots supporters have put us in position to win, and now we have to show up to Caucus for President Trump on Monday and get the job done,” Trump said in a statement late Saturday, after the poll’s release. The DeSantis campaign seized on that uncertainty in a late Saturday night message to supporters who might have felt stung by the latest horse-race numbers. Like everyone else, Trump was thinking about the weather – and what it could mean for the caucuses – upon setting foot in Des Moines. Nearly 90% of Trump-backing likely caucus-goers say in the poll that they are extremely or very enthusiastic about voting for him. The Florida governor entered the 2024 GOP presidential primary as the odds-on favorite to challenge Trump for the nomination.

Persons: Donald Trump, Trump, Nikki Haley, Ron DeSantis, Iowa’s, ” Trump, ’, Haley, Iowans, ”, ” Haley, You’ve, Bobby Kaufmann, “, It’s, DeSantis, He’ll, Vivek Ramaswamy, Ramaswamy, MAGA, “ Vivek, ‘, Vivek, don’t, Nikki, Joe Biden, Lloyd Austin, he’s, Jennifer Agiesta, Kate Sullivan, Veronica Stracqualursi Organizations: CNN, Hawkeye State Republicans, Des Moines Register, NBC, South Carolina Gov, Florida Gov, Republicans, Iowa, Hawkeye State, GOP, Trump, ”, Iowa State University –, New, Republican, United Nations Locations: Iowa, Cedar Falls, Indianola, Des Moines, “, Dubuque, Mississippi, Cedar Rapids, Sioux City, Ankeny, Ames, Adel, New Hampshire, Florida

Ambassador Nikki Haley failed last month to mention slavery as the root cause of the Civil War. “Let me be clear, for those who don’t seem to know: Slavery was the cause of the Civil War,” he said. Chris Christie, who suspended his campaign on Wednesday, referenced the Civil War with a word of caution to Republican voters. The last time they were that relevant was the Civil War — which we know was caused by slavery,” Christie said. The intra-party jabs echo a broader debate over the legacy of the Civil War for policymaking today.

Persons: Ron DeSantis, Nikki Haley, Donald Trump, “, ”, Jeff Kaufmann, Joe Biden’s, Biden, Kamala Harris, DeSantis, Kaufmann, Abraham Lincoln, Paul Peterson, Peterson, Haley, Carolina Sen, Tim Scott, —, Chris Christie, Benjamin Franklin, Christie, ” “ Benjamin Franklin’s, ” Christie, Eric Foner, Geoff Kabaservice, Kabaservice, ” Foner, ____ Matt Brown Organizations: WASHINGTON, —, Republicans, Florida Gov, GOP, Party of, Reconstruction, ” Iowa Republican, Republican, Mother Emanuel AME Church, Florida Republicans, Iowa GOP, Republican Party, Education, Harvard University, Democrats, Trump, Former New Jersey Gov, Columbia University, Niskanen, AP Locations: Florida, Party of Lincoln, Iowa, Charleston , South Carolina, Carolina, “, America, American

☆ Trump has laid the groundwork for a US Supreme Court challenge in his NY civil fraud case: experts
▼ + stars: | 2024-01-13 | by ( Laura Italiano | ) www.businessinsider.com time to read: +11 min

On their way to the US Supreme Court, Trump's lawyers would first need to exhaust their New York state appellate options. AdvertisementNew York Supreme Court Justice Arthur Engoron presided over closing arguments in the Trump civil fraud trial. Shannon Stapleton/ReutersThrowing the case to the US Supreme Court could, at the least, delay the imposition of penalties, Scholl said. It's unlikely the US Supreme Court would throw out New York's executive law in its entirety, he predicted. But the court could quite possibly pare back, at least in Trump's case, its most severe penalties.

Persons: —, Donald Trump, Letitia James's, Trump, Shannon Stapleton, SCOTUS, Marc Frazier Scholl, Trump's, Scholl, Lewis Baach Kaufmann Middlemiss, Jane Rosenberg, it's, James, Arthur Engoron, pare, Letitia James, Christopher Kise, Donald Trump's, Kise, Alina Habba, Clifford Robert . Pool, Adam S, Kaufmann, There's, President Trump Organizations: Service, York, New York, Trump, Business, Court, Reuters, Manhattan, Attorney's, New, Appeals, Trump Organization, US, Fifth Locations: Manhattan, New York, York, Florida

☆ Look to small caps for alpha opportunities, says Federated Kaufmann's Stephen Denichilo
▼ + stars: | 2023-11-17 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailLook to small caps for alpha opportunities, says Federated Kaufmann's Stephen DenichiloStephen Denichilo, Federated Kaufmann small cap fund, joins 'Power Lunch' to discuss opportunity finds in the small cap sector.

Persons: Stephen Denichilo Stephen Denichilo, Kaufmann

[1/4] View of the construction site of the Elbtower building, owned by Rene Benko’s Signa and a Commerzbank subsidiary, in Hamburg Germany, November 2, 2023. Signa, the Austrian property giant and an owner of New York's Chrysler Building, had been making steady progress this year on the planned 64-story Elbtower skyscraper in Hamburg. But Signa, founded by René Benko, has fallen behind on its payments to its builder, Lupp, an executive of the construction firm said. The city of Hamburg and a minority investor, the real-estate subsidiary of Germany's Commerzbank (CBKG.DE), confirmed the stoppage. It has also prompted warnings from city officials, and is another indicator of troubles hitting the property sector in Europe's largest economy.

Persons: Rene Benko’s Signa, Fabian Bimmer, René Benko, Matthias Kaufmann, Signa, Germany's, Aon, Timo Herzberg, Karen Pein, Tom Sims Organizations: REUTERS, Rights, Chrysler, Reuters, City, Reuters Graphics, Thomson Locations: Hamburg Germany, Austrian, Hamburg, Europe's, HafenCity, City of Hamburg

☆ Trump mines data trove in Iowa to avoid mistakes of 2016 loss
▼ + stars: | 2023-10-27 | by ( Nathan Layne | ) www.reuters.com time to read: +7 min

[1/5] Volunteers gather at the Donald Trump 2024 campaign headquarters in Iowa ahead of a door-knocking event in Urbandale, Iowa, U.S., October 14, 2023. Reuters interviews with nearly 40 party leaders, Trump staff and campaign volunteers in Iowa show how the former president has learned from his past mistakes. In 2016, Trump, thinking he had little chance of winning Iowa, kept his operation in the state threadbare. "I don't think people realize in 2016 how shoestring that was," said Jeff Kaufmann, chairman of the Iowa Republican Party, referring to the Trump campaign. In 2016 Trump didn't have the staffing or digital infrastructure to follow up on such leads, meaning many Trump supporters like Jones and her husband stayed home on caucus night.

Persons: Donald Trump, Nathan Layne, Trump, Ted Cruz, Jeff Kaufmann, Rachel Paine Caufield, Trump's, Ron Desantis, Alex Latcham, we've, Ann Jones, Jones, Marshall Moreau, Cris Christenson, DeSantis, he's, Jonah Jones, Adel, Ross Colvin, Daniel Wallis Organizations: Volunteers, REUTERS, DES, Trump, Iowa Republican Party, Sunday Trump, Drake University, Reuters, DeSantis, Hawkeye State, Ipsos, Iowa, Christian, Republican, Thomson Locations: Iowa, Urbandale , Iowa, U.S, , Iowa, Sioux City, Florida, Cruz, Adel, Des Moines, Clive , Iowa, Adel , Iowa

☆ Google is opening a cafe, store and event space to the general public near its headquarters
▼ + stars: | 2023-10-12 | by ( Jennifer Elias | ) www.cnbc.com time to read: +3 min

In this article GOOGL Follow your favorite stocks CREATE FREE ACCOUNTGoogle has opened its first west coast visitor Experience" center which is located by its Mountain View headquarters. Google's new Mountain View "Visitor Experience" center features a Google store. It also includes a cafe and retail Google store, which comes two years after the company opened its first public Google retail store in New York's Chelsea neighborhood. Google's new visitor center feature a space where a community group or nonprofit can request to reserve the space for meetings or events. Google's new visitor experience includes an outdoor event space for the public.

Persons: Mark Wickens, We've, Scott Foster, Ruth Porat, Michelle Kaufmann Organizations: Google, Mark Wickens Google, CNBC, Facebook Locations: Mountain View, Calif, New York's Chelsea, Valley, Menlo, San Jose

☆ Trump's 'corporate death penalty' explained: veteran Manhattan fraud prosecutors describe what's next
▼ + stars: | 2023-09-27 | by ( Laura Italiano | ) www.businessinsider.com time to read: +5 min

A Manhattan judge on Tuesday found Trump and his real-estate company liable for fraud. The judge ordered Trump Organization's New York corporate charters revoked immediately. AdvertisementAdvertisementExperts are calling it the "corporate death penalty." AdvertisementAdvertisementTrump continues to own his buildings, agreed Moscow and another veteran Manhattan financial crimes prosecutor, Diana Florence, now also in private practice. Trump can't tell the receiver what to do," she said.

Persons: Trump, —, Donald Trump, Letitia James, James, it's, NRA –, John Moscow, Arthur Engoron's, Arthur Engoron, Baach Kaufmann Middlemiss, Diana Florence, Florence, what's, It'll Organizations: Manhattan, Trump Organization's New, Service, Trump Organization, NRA, Trump Organization . New, New York, New, Trump Locations: Trump Organization's New York, Manhattan, New York, York, Moscow

☆ Some Old-Fashioned Home-Design Manuals Are Worth Revisiting
▼ + stars: | 2023-08-31 | by ( Alexandra Lange | ) www.nytimes.com time to read: +1 min

This article is part of our Design special section about new interpretations of antique design styles. In 1868, the designer Charles Eastlake published “Hints on Household Taste,” a popular guide to outfitting the home in good taste, from the street front to the china cupboard and all the rooms in between. In his introduction, rather than taking a supportive tone, he chastises the reader. “When did people first adopt the monstrous notion that the ‘last pattern out’ must be the best? Every season brings out more manuals of household taste, from glossy-page inspirational books suitable for coffee-table display to chart-heavy how-to guides, with diagrams of immaculate closets and formulas for D.I.Y.

Persons: Charles Eastlake, ”, Jennifer Kaufmann, Buhler, Kaufmann, “ Organizations: American Office, Purdue University

CNN —Fragments of a skull believed to have been that of composer Ludwig van Beethoven have been donated to a university in Austria after spending decades in the United States. Seligmann, who died in 1892, had been a physician, medical historian and anthropologist in Vienna. The skull pieces, now referred to as the Seligmann fragments, came into his possession in 1863 during a reburial of Beethoven’s bones for study purposes. Rischgitz/Hulton Archive/Getty ImagesIn 1802, 25 years before his death, Beethoven wrote a letter to his brothers, asking that his doctor, Johann Adam Schmidt, determine and share the nature of his “illness” after his death. Christian Reiter, a Vienna-based forensic pathologist, has previously examined the skull fragments and deemed them to be credible.

Persons: Ludwig van Beethoven, Paul Kaufmann, ”, Franz Romeo Seligmann, Seligmann, Beethoven, Johann Adam Schmidt, Kaufmann, “, ’, Max Planck, Markus Müller, Christian Reiter, piecing Organizations: CNN, Medical University of Vienna, Seligmann, Max, Max Planck Institute, Beethoven Locations: Austria, United States, American, Vienna, Carmichael , California, France, Vienna’s, Germany, Leipzig

☆ Iowa GOP schedules Jan. 15 for leadoff presidential caucuses. It’s on Martin Luther King Jr. Day
▼ + stars: | 2023-07-08 | by ( ) www.cnbc.com time to read: +2 min

Former President Donald Trump reacts to crowd applause during a campaign event on July 1, 2023 in Pickens, South Carolina. Iowa Republicans have scheduled the party's presidential nominating caucuses for Jan. 15, 2024, putting the first votes of the next election a little more than six months away. The Iowa Republican Party's state central committee voted unanimously Saturday to hold the leadoff contests on the third Monday in January — on the Martin Luther King Jr. Day federal holiday. The GOP date is earlier by several weeks than the past three Iowa caucuses, though not as early as 2008, when they were held just three days into the new year. Caucuses, unlike primary elections, are contests planned, financed and carried out by the parties, not state election officials.

Persons: Donald Trump, Martin Luther King Jr, Joe Biden, Jeff Kaufmann Organizations: Republican Party . Iowa Republicans, Iowa Republican, Republican, Democratic, GOP, South, South Carolina Republicans, Iowa Democrats, state's Republican Party, Republicans, Iowa, DNC Locations: Pickens , South Carolina, —, Iowa, New Hampshire, South Carolina, Nevada

☆ Credit Suisse investor group joins claim seeking better UBS takeover price
▼ + stars: | 2023-07-04 | by ( John Revill | ) www.reuters.com time to read: +3 min

ZURICH, July 4 (Reuters) - A Swiss proxy adviser representing some former Credit Suisse shareholders has backed a class-action lawsuit seeking a better price from UBS (UBSG.S) for its takeover of its cross-town rival, it said on Tuesday. Under the deal, sealed last month, Credit Suisse shareholders were offered one UBS share for 22.48 Credit Suisse shares, valuing the stricken bank at 3 billion Swiss francs ($3.35 billion). Just 48 hours before deal was struck, Credit Suisse was worth 7 billion francs, Ethos said. If successful, all Credit Suisse shareholders would benefit from the new exchange ratio, it said. Ethos has previously raised concerns about how the acquisition of Credit Suisse by UBS was carried out, particularly that the deal was forced through without consulting shareholders.

Persons: Vincent Kaufmann, LegalPass, FINMA, Kaufmann, Alexandre Osti, John Revill, Conor Humphries Organizations: Credit Suisse, UBS, Ethos Foundation, Credit, Suisse, Thomson Locations: ZURICH, Swiss, Lausanne, Zurich, LegalPass

☆ Investors in biggest climate pressure group don't like to pressure
▼ + stars: | 2023-06-12 | by ( Tommy Wilkes | ) www.reuters.com time to read: +7 min

Climate Action 100+ (CA100+), set up in 2017, comprises more than 700 investment firms representing $68 trillion in assets. At stake is whether CA100+ members use all the tools at their disposal to pressure climate laggards. FLAGGING CLIMATE LAGGARDSCA100+ posts on its website upcoming shareholder resolutions and board re-election votes but it doesn't recommend voting against directors at climate laggards. Wespath's sustainability director, Jake Barnett, said that challenging board directors over their climate policies was not being used widely enough "as a method of accountability". In at least one area there is compulsion; CA100+ members not responding to a survey asking for their engagement interests within a year could be delisted.

Persons: laggards, Xander Urbach, CA100, Francois Humbert, bodes, Eli Kasargod, Staub, Warren Buffett's Berkshire Hathaway, Jake Barnett, MN's Urbach, Shell, Wael Sawan, Vincent Kaufmann, Tommy Reggiori Wilkes, Greg Roumeliotis, Susan Fenton Organizations: Reuters, MN, Generali Investments, Exxon Mobil Corp, Chevron, Valero Energy, Warren, Investments, The United Methodist Church, Shell, Ethos Foundation, Thomson Locations: Paris, Swiss

SummarySummary Companies Investors seeking more information on thermal coal plansGlencore calls on shareholders to reject resolutionLGIM's Marks says 'fundamental lack of willingness to engage'LONDON, May 5 (Reuters) - Investors pushing for more transparency on miner Glencore's (GLEN.L) thermal coal production said its decision not to support a shareholder resolution on the topic showed a "fundamental lack of willingness to engage". Unlike its peers, Glencore mines and trades thermal coal, the fossil fuel used to generate electricity. It has said it plans to responsibly run down its coal mines by the mid-2040s, closing at least 12 by 2035. "There is a fundamental lack of willingness to engage," said Michael Marks, LGIM's Head of Investment Stewardship and Responsible Investment Integration. Just 24% of investors voted against Glencore's climate progress report at the miner and trader's 2022 AGM, with some citing slow progress in scaling back coal production.

☆ Opinion | Why Journalists Have More Freedom Than Professors
▼ + stars: | 2023-05-05 | by ( Ross Douthat | ) www.nytimes.com time to read: +3 min

The new cultural liberalism in the media reflects the views of senior staff members and is opposed by affinity groups and young employees. That’s important, because surveys consistently find that “woke” values are twice as prevalent among younger leftists than among older leftists. Over eight in 10 undergraduates at 150 leading U.S. colleges say speakers who say B.L.M. What’s more, seven in 10 think a professor who says something that students find offensive should be reported to their university. First, the media is, by definition, an outward-facing, audience-driven enterprise, dependent on some kind of mass market for its viability.

☆ Former Rep. Will Hurd might launch a 2024 GOP presidential campaign. He's still waiting to see if his party agrees that 'we're better together.'
▼ + stars: | 2023-04-23 | by ( Bryan Metzger | ) www.businessinsider.com time to read: +7 min

Former GOP Rep. Will Hurd, a Trump critic, is considering running for president in 2024. He says he won't support Trump in 2024 and suggested DeSantis will struggle to appeal to voters. the former Texas congressman told Insider in an interview before his address to the Iowa Faith and Freedom Coalition's Annual Spring Kick-off. "We have four years," he told Insider, "before we could potentially get surpassed by the Chinese government as a global superpower." On abortion, Hurd told Insider it "probably makes sense" to institute a nationwide ban after 15 weeks, with exceptions for rape, incest, and the life of the mother.

☆ An elephant living in a Berlin zoo has taught herself how to peel a banana
▼ + stars: | 2023-04-13 | by ( Kate Golembiewski | ) edition.cnn.com time to read: +4 min

Now a team of researchers in Berlin have documented an elephant using her trunk for another novel behavior: peeling bananas. Pang Pha was a baby when she arrived at the Berlin Zoo, where she was fed bananas. Lena KaufmannThe star of this new study, an Asian elephant named Pang Pha, was a baby when she arrived at the Berlin Zoo in 1987. When Pang Pha peels a banana, she doesn’t crack the stem and peel down the sides one by one. It’s also not possible to definitively say that she learned to peel bananas by copying her human caretaker.

Prosecutor Chris Conroy said: "The defendant Donald J. Trump falsified New York business records in order to conceal an illegal conspiracy to undermine the integrity of the 2016 presidential election and other violations of election laws." SOCIAL MEDIA POSTSProsecutors during the arraignment said Trump made a series of social media posts, including one threatening "death and destruction" if he was charged. "They can't beat us at the ballot box so they try to beat us through the law," Trump said. The false records included invoices from Cohen, entries in a ledger for Trump maintained by the Trump Organization, and check stubs, according to the indictment. "Under New York state law, it is a felony to falsify business records with intent to defraud and intent to conceal another crime.

Cohen pleaded guilty to violating federal campaign finance law in 2018 over the payment to Daniels, though Trump was not charged with a crime then. It is unclear what additional evidence, if any, Bragg may have presented to the grand jury in support of the indictment. Bragg told reporters on Tuesday that the law does not require his office to specify the underlying crimes in the indictment. That could help Bragg's office demonstrate to a jury Trump intended to commit a crime, other legal experts said. The indictment also left some lingering doubts as to how prosecutors would prove Trump intended to commit a crime.

☆ Credit Suisse shareholders want answers and accountability, investor says
▼ + stars: | 2023-04-04 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCredit Suisse shareholders want answers and accountability, investor saysVincent Kaufmann, CEO of Ethos Foundation, which represents pension funds comprising between 3% and 5% of Credit Suisse shareholders, gives his opinion on the bank's rescue by UBS ahead of its AGM.

☆ Is Trump going to jail? Ex-president's odds of lockup for New York indictment are slim to none, legal experts say
▼ + stars: | 2023-03-31 | by ( Natalie Musumeci | Laura Italiano | ) www.businessinsider.com time to read: +6 min

"I do not see a scenario where Donald Trump spends one minute in jail," one defense attorney told Insider. It's more possible Trump could face a fine, community service, or probation, experts said. "I can't say for absolute 100% certainty there can't be jail because on the books, he can go to jail," said high-profile defense attorney and former Brooklyn prosecutor Arthur Aidala. Any kind of community service would likely be "private" so Trump couldn't be "out there cleaning a park or picking up garbage," Aidala said. Also, in 2018, former Trump attorney Michael Cohen pleaded guilty to criminal charges in Manhattan federal court in connection to the the hush-money payments.

☆ Fail or sale? What could be next for stricken Credit Suisse
▼ + stars: | 2023-03-18 | by ( Elliot Smith | ) www.cnbc.com time to read: +6 min

In this article CSG.N-CHSBNY Follow your favorite stocks CREATE FREE ACCOUNTPeople walk by the New York headquarters of Credit Suisse on March 15, 2023 in New York City. Barry Norris, CEO of Argonaut Capital, which has a short position in Credit Suisse, stressed the importance of a smooth outcome. watch nowEuropean banking shares have suffered steep declines throughout the latest Credit Suisse saga, highlighting market concerns about the contagion effect given the sheer scale of the 167-year-old institution. At the moment, the forecaster sees the problems at Credit Suisse and SVB as "a collection of different idiosyncratic issues." "We know that for most banks, including Credit Suisse, that exposure to higher yields has largely been hedged.

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