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☆ Students are lawyering up in the wake of the Israel-Hamas war
  + stars: | 2023-11-28 | by ( Ramishah Maruf | ) edition.cnn.com   time to read: +16 min
Hafez, who CNN has reached out to for comment, is now suing Accuracy in Media for defamation and emotional distress, and the violation of his civil rights. Hafez is among the politically and ethnically diverse students across the country who are filing lawsuits in the wake of October 7. Some are invoking the Civil Rights Act, claiming their schools aren’t protecting them from religious discrimination. “We believe that a number of universities are violating Title VI in this moment. “We have had a massive and unprecedented spike since October 7.”The legal standard for Title VI cases is high, Cron said.
Persons: Yusuf Hafez, “ Columbia’s, ” Hafez, Hafez, Minouche Shafik, “, ” John Beckman, ” Beckman, Beckman, Justin Sadowsky, ” Sadowsky, Sadowsky, Dylan Saba, State University of Florida Chancellor Ray Rodrigues, DeSantis, ”, Brittany Wise, ” Adam Steinbaugh, ” Steinbaugh, you’re, Matthew Cron, Donald Trump, ” Saba, Kenneth Marcus, Wellesley, ” “ Wellesley, UPenn, Magill, “ We’ve, Marcus, George W, Bush, Cron, ” Cron, Yusuf Hafez’s, SWATTING, ” – CNN’s Matt Egan, Celina Tebor Organizations: New, New York CNN — Columbia University, Media, CNN, Civil, Columbia, Columbia University, New York University, Jewish, gaslighting, NYU, New York police, Islamic, Civil Rights, Department of Education, Palestine, American Civil Liberties Union, Palestine Legal, University of Florida, UF, Justice, State University of Florida, ACLU, ” CNN, State University System of, University of Florida’s, “, Governors, Foundation, Rights, Florida, DOE, of Education Office, Legal, University of Illinois Chicago, UIC, Brandeis Center, University of Pennsylvania, ”, University, Trump, Ivy League, Private, AIM, U.S . Locations: New York, Israel, Gaza, Palestine, Florida, State University System of Florida, Colorado, “, Penn, Chicago
☆ Who is Liz Magill, the University of Pennsylvania’s embattled president?
  + stars: | 2023-10-20 | by ( Chris Isidore | ) edition.cnn.com   time to read: +7 min
New York CNN —When University of Pennsylvania President Liz Magill was tapped for the post just 18 months ago, she was heralded as the “clear consensus” to lead the Ivy League university. Magill did not respond to CNN’s request to the University for an interview. But on Wednesday Magill issued a statement saying, “Hateful speech has no place at Penn. I don’t think she’s antisemitic.”So far Magill has the support of the school’s board of trustees. “The unanimous sense of those gathered was that President Magill and her existing University leadership team are the right group to take the University forward,” said board Chairman Bok.
Persons: Liz Magill, Benjamin Franklin, Ruth Bader Ginsburg, Dean, She’s, she’s, Magill, Ronald Reagan, Kent Conrad, Conrad, Vahan, Mark Rowan, Scott Bok, ”, “, ” Magill, Jon Gray, Blackstone, ” Gray, Bok, – CNN’s Matt Egan Organizations: New, New York CNN —, University of Pennsylvania, Ivy League, University of Virginia, Stanford Law, University, Penn, Federal, Daily, Yale University, Democratic, CNN, Apollo Global Management, Bloomberg, Bloomberg Television Locations: New York, UPenn, UVa, Palestine, Israel, Fargo , North Dakota, Minnesota, North Dakota, Gaza, Penn
☆ Twitter may be worth only a third of its pre-Musk value, Fidelity says
  + stars: | 2023-05-31 | by ( Brian Fung | ) edition.cnn.com   time to read: +1 min
Washington CNN —A Fidelity fund has slashed its estimate of Twitter’s value amid ongoing chaos at the company, implying the social media platform may be worth only a third of its value compared to when Elon Musk acquired it in October. According to a monthly disclosure, Fidelity’s Blue Chip Growth Fund reported that its stake in Twitter was worth $6.55 million at the end of April. That’s down from the $19.66 million the Fidelity fund said its stake was worth in October as Musk was finalizing the acquisition. The revision implies Twitter may be worth only $15 billion overall, as opposed to Musk’s $44 billion purchase price. Fidelity has repeatedly marked down Twitter’s value.
Persons: Elon Musk, That’s, Musk, Linda Yaccarino, – CNN’s Matt Egan Organizations: Washington CNN, Elon, Growth Fund, Twitter, Fidelity, Reuters, Bloomberg
☆ Western Alliance denies ‘shameful’ report it’s the next bank for sale
  + stars: | 2023-05-04 | by ( Krystal Hur | ) edition.cnn.com   time to read: +2 min
New York CNN —Western Alliance Bank denied reports that it’s exploring a sale or has hired an advisor to explore strategic options. Shares of the regional bank tumbled 36% Thursday, slightly paring back its losses after plunging over 50% at one point on reports that the company is the regional bank latest to explore a potential sale. The Financial Times, citing two anonymous sources, reported Thursday that the Arizona-based bank is exploring strategic options. “This story is absolutely false, there is no truth to this,” a Western Alliance spokesperson told CNN in an email. Western Alliance is not exploring a sale, nor has it hired an advisor to explore strategic option.
☆ Global banking crisis: One big problem down. Too many others left to go
  + stars: | 2023-03-20 | by ( David Goldman | ) edition.cnn.com   time to read: +6 min
New York CNN —Credit Suisse, hobbled for decades by mismanagement, scandal and bad bets, finally succumbed to the emerging global banking crisis. In the United States, the banking crisis began nearly two weeks ago with the sudden collapses of Silicon Valley Bank and Signature Bank over a three-day span. That sent shockwaves through the global banking system. Good news and bad newsThe good news: Those loans do not indicate anything inherently wrong with the global banking system. But the banking system and regulators would have to calm fears before that happens system-wide.
☆ Chase closes some New York ATMs early because of ‘rising crime’
  + stars: | 2023-01-23 | by ( Ramishah Maruf | ) edition.cnn.com   time to read: +2 min
New York CNN —Citing “rising crime and vagrancy,” Chase Bank has shuttered 24-hour access to some of its New York ATMs. A JPMorgan Chase (JPM) spokesperson said some other ATMs are closing at 10 pm. New York City mayor Eric Adams addressed the ATM early closures at a press conference Monday. “And that is what I’m saying I need to stop because I don’t want my ATMs closing down. Major retailers have been vocal about surges in theft and “organized retail crime” since the pandemic began.
☆ Dow and S&P 500 updates: Stock market news
  + stars: | 2022-12-16 | by ( David Goldman | ) edition.cnn.com   time to read: +2 min
New York CNN —The good vibes on Wall Street are fading fast: US stocks tumbled yet again Friday as investors come to grips with a souring economy. S&P 500 futures fell 1.4%, and Nasdaq Composite futures were 1.1% lower. CNN Business’ Fear and Greed Index, a measure of market sentiment, dipped perilously close to “Fear” Friday. Stocks had been riding high this month on weaker-than-expected inflation and a number of stronger-than-expected reports on the broad economy and the job market. The S&P 500 lost 2.5% and the Nasdaq tumbled 3.2%, their worst days in a month.
☆ Lawsuit alleges investor Leon Black raped a woman inside Jeffrey Epstein's home
  + stars: | 2022-11-28 | by ( Ramishah Maruf | ) edition.cnn.com   time to read: +4 min
New York CNN Business —Billionaire investor Leon Black has been sued by a woman alleging he “brutal[ly]” raped her at Jeffrey Epstein’s Manhattan townhouse in spring 2002. Wigdor filed Pierson’s complaint Monday under New York’s Adult Survivors Act. The firm’s Doug Wigdor helped advocate for the new law, which was passed in May and went into effect last week. After that he called again and asked to see her, according to the complaint, but Pierson refused to see him again. In 2008, Epstein pled guilty in Florida to two felony offenses: procuring a person under the age of 18 for prostitution and solicitation of prostitution.
☆ Collapsed FTX owes nearly $3.1 billion to top 50 creditors
  + stars: | 2022-11-20 | by ( ) edition.cnn.com   time to read: +2 min
CNN Business —Cryptocurrency exchange FTX, which has filed for US bankruptcy court protection, said it owes its 50 biggest creditors nearly $3.1 billion. The exchange owes about $1.45 billion to its top ten creditors, it said in a court filing on Saturday, without naming them. The crypto exchange said on Saturday it has launched a strategic review of its global assets and is preparing for the sale or reorganization of some businesses. FTX’s rapid collapse marked a stunning downfall for one of the biggest and most powerful players in the crypto industry. The Bahamian authorities have also taken control of cryptocurrency assets held by FTX Digital Markets, The Bahamas-based FTX unit that filed for Chapter 15 bankruptcy protection Tuesday.
☆ Twitter stock falls after report says Biden admin weighing security review of Musk ventures
  + stars: | 2022-10-21 | by ( Clare Duffy | ) edition.cnn.com   time to read: +3 min
The stock reaction, which rebounded somewhat later in the morning, followed a Bloomberg report that Biden administration officials are in early discussions about possibly subjecting some of Musk’s ventures to national security reviews, including the planned Twitter (TWTR) takeover. It’s unclear what, if any, impact the reported security review could have on completing a deal that has already been subject to months of uncertainty. In a separate report Thursday evening, Bloomberg said that bankers and lawyers for both Twitter and Musk are preparing the paperwork needed to complete the deal. Bloomberg also last week reported that the company had frozen employees’ stock accounts in anticipation of the deal’s completion. On a conference call this week to discuss Tesla’s earnings results, Musk said he was “excited” about the Twitter deal, but also admitted that he is “obviously overpaying” for it.
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