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☆ NY uses obscure civil-practice law to demand a closer look at Trump's $175M appeal bond — and at its underwriter, Knight Specialty
▼ + stars: | 2024-04-04 | by ( Laura Italiano | ) www.businessinsider.com time to read: +3 min

The LA company that underwrote Trump's $175M appeal bond needs major vetting, NY says. Judge Arthur Engoron, who presided over Trump's civil fraud trial, gets final say over the bond. AdvertisementThe New York Attorney General's Office wants a closer look at Donald Trump's $175 million appeal bond. In a two-page court filing Thursday, state officials are giving Trump or his underwriters — the Knight Specialty Insurance Company — ten days to "justify," or prove the sufficiency of, the bond. Justifying was not necessary, for example, when Trump used insurance giant Chubb to post a $92 million bond last month for his E. Jean Carroll defamation appeal.

Persons: Arthur Engoron, —, General's, Donald Trump's, Letitia James, Knight, Don Hankey, Forbes, Trump, Chubb, Jean Carroll Organizations: Service, New York, Trump, Knight Specialty Insurance, New York's Department of Financial Services, GOP, Trump Organization, Associated Press, Knight Locations: Los Angeles, New York, New, Angeles, Manhattan

☆ The economic data haven't been 'as bad as expected', says Regions Bank CIO Alan McKnight
▼ + stars: | 2024-03-14 | 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 EmailThe economic data haven't been 'as bad as expected', says Regions Bank CIO Alan McKnightAlan McKnight, Regions Bank CIO, joins 'Money Movers' to discuss McKnight's reaction to the week's economic data, what to expect from next week's Federal Reserve meeting, and if the economy has successfully avoided a recession.

Persons: haven't, Alan McKnight Alan McKnight Organizations: Regions Bank CIO, Reserve

HARRISBURG, Pa. (AP) — A suspended magistrate judge in Pennsylvania shot her estranged boyfriend in the head as he slept last weekend, police said Thursday in filing attempted murder and aggravated assault charges against her. Police wrote that McCoy, 54, had tried “numerous times” to get McKnight to move out after he ended their one-year relationship. He went to bed at about 11 p.m.McCoy awoke to “massive head pain” and was unable to see, police said, and when he began to scream McKnight told him, “Mike what did you do to yourself?" McCoy told police at the scene and later at the hospital that he did not shoot himself. Pennlive.com reported McKnight was not charged for shooting her estranged husband in 2019 — after inviting him to her home to help her move furniture.

Persons: Sonya M, McKnight, Michael McCoy, McCoy, Mike, Detectives, Sean McCormack, McCormack, Pennlive.com, Pennlive Organizations: Susquehanna, Susquehanna Township Police, Police, Judicial, Pennsylvania Locations: HARRISBURG, Pa, Pennsylvania, Harrisburg, Susquehanna Township, Dauphin, Dauphin County, Cumberland County

Tiger Woods and Nike are splitting up. Woods thanked the Nike cofounder Phil Knight in his statement on the departure. Woods and his son, Charlie Woods, sport matching Nike apparel at the 2022 PNC Championship. AdvertisementDespite the incredibly lucrative nature of its deal with Woods, Nike has increasingly moved out of the golf business in recent years. Andrew Redington/Getty ImagesKnight's company has continued selling golf clothing and shoes — including Woods' apparel line — in the years since.

Persons: Tiger Woods, Woods, Phil Knight, —, he's, Forbes, Charlie Woods, Mike Ehrmann, Knight —, Andrew Redington Organizations: Nike, Service, Business, Oregonian, Carnegie Mellon, Riviera Country Club Locations: Los Angeles, LA

☆ Tiger Woods ends Nike partnership after 27 years
▼ + stars: | 2024-01-08 | by ( Jessica Golden | ) www.cnbc.com time to read: +3 min

Tiger Woods during the pro-am as a preview for the Hero World Challenge at Albany Golf Course in Nassau on Nov. 29, 2023. Tiger Woods' 27-year partnership with Nike has come to an end. "Phil Knight's passion and vision brought this Nike and Nike Golf partnership together and I want to personally thank him, along with the Nike employees and incredible athletes I have had the pleasure of working with along the way," Woods wrote. In a statement, the company said: "For over 27 years, we have had the honor to partner with Tiger Woods, one of the greatest athletes the world has ever seen. Yet, Woods brought significant exposure to the Nike brand.

Persons: Woods, Tiger Woods, Phil Knight's, Mark Steinberg, Tiger, Roger Federer, Marc Maurer, it's, TaylorMade, aren't, Brian Yarbrough, Edward Jones, Eric Smallwood, LeBron James, Smallwood, — CNBC's Gabrielle Fonrouge Organizations: Nike, Nike Golf, CNBC, Apex Marketing, Golfers, CNBC PRO Locations: Nassau, Swiss, Orlando, Oregon

(AP) — Jean Knight, a New Orleans born soul singer known for her 1971 hit “Mr. Family, friends, fans and veterans of the music world mourned the loss of the Grammy-nominated singer who was considered a musical powerhouse and an integral part of New Orleans' music legacy. Knight died Wednesday of natural causes in Tampa, Florida, where she was residing, said family representative Mona Giamanco. The Stax Museum of American Soul Music said in a news release that Knight was Stax Records' top-selling female artist. Big Stuff” Knight went on to record several more albums — including ones that featured songs “(Don’t Mess With) My Toot Toot” and “Bill" — and former her own label, Comstar.

Persons: — Jean Knight, ”, Knight, Mona Giamanco, “ Jean Knight's, “ Mr, Bill, —, Reginald Toussaint, Allen Toussaint —, Toussaint Organizations: Associated Press, Stax Museum, American, Music, Stax Records, New Orleans Jazz Locations: BATON ROUGE, La, New Orleans, Tampa , Florida, Mardi Gras

But on that winter night in 1985 even Knight's mother, Hazel, sensed something was different as she watched the scene. In the years following the chair-throwing game, former players told stories of Knight's practices, with some alleging physical, verbal or emotional abuse. The chair stopped near the sideline and Reid helped retrieve it, linking him with Knight for college basketball eternity. Longtime public address announcer Chuck Crabb had the unenviable task of telling fans Knight had been ejected. "I get up, and I'm up and down a lot, and one time I'm standing up and I looked across the floor and (hear) 'Coach Knight?'"

Persons: Bob Knight, Knight, nonchalantly, Steve Reid, Pat, Hazel, Bobby, John Feinstein, Reid, speck, ‘, Bob, Chuck Crabb, Crabb, Pat Keady, Everett Stephens, Wayne Duke, Dan Dakich, Lou Henson, David Feherty, David Letterman’s Organizations: Indiana, Purdue, Boilermakers, Texas Tech, NCAA, Associated Press, Big, ESPN, Channel Locations: BLOOMINGTON, Ind, Soviet Union

☆ Bobby Knight, legendary Indiana Hoosiers basketball coach, dies at 83
▼ + stars: | 2023-11-01 | by ( Phil Helsel | ) www.cnbc.com time to read: +1 min

BLOOMINGTON, INDIANA - FEBRUARY 08: Former Indiana Hoosiers Head coach Bob Knight on the court during halftime of the game against the Purdue Boilermakers at Assembly Hall on February 08, 2020 in Bloomington, Indiana. (Photo by Justin Casterline/Getty Images)Bobby Knight, the Indiana University basketball coach who guided the Hoosiers to three NCAA championships, has died at 83, his family said. The Hall of Fame coach died Wednesday surrounded by his family at his home in Bloomington, Indiana, his family said in a statement. Knight was called "a legend among coaches" by the Basketball Hall of Fame, where he was inducted in 1991. Knight was Big Ten coach of the year five times and a four-time national coach of the year.

Persons: Bob Knight, Justin Casterline, Bobby Knight, Knight, Big, Knight's Organizations: Former Indiana Hoosiers, Purdue Boilermakers, Hall, Indiana University, Hoosiers, NCAA, of Fame, Basketball Hall of Fame, Ohio State Buckeyes, Indiana Hoosiers, U.S, Summer Games, NIT, Alzheimer's Association, Marian University Locations: BLOOMINGTON, INDIANA, Bloomington , Indiana, Los Angeles, Massillon , Ohio

Six months later, his friend-turned-rival Notorious B.I.G, whose legal name is Christopher Wallace, was gunned down. They hung out together on the set of the 1993 film “Poetic Justice,” which starred Janet Jackson and Shakur. Shakur found out that the night of that attack, Wallace and Sean “Diddy” Combs were together in a recording studio. East vs. West coastsLess than 24 hours after the 1994 shooting, Shakur made a court appearance in a wheelchair on sex-assault charges against him. Greenidge, who described the rapper as a professional mentor, told the grand jury he was in the convoy.

Persons: Tupac Shakur, Shakur, B.I.G, Christopher Wallace, Wallace, Duane “ Keffe, ” Davis, Davis, enmeshed, ”, Justin Tinsley, Janet Jackson, Sean “ Diddy ” Combs, Combs, Malcolm Greenidge, Reggie Wright Jr, Marion “ Suge, Knight, disrespecting Combs, Tha, Snoop Dogg, Faith Evans, “ It’s, Wright, Robert Ladd, Ladd, “, Orlando Anderson, ” Denvonta Lee, Mike Tyson, Bruce Seldon, Anderson, Daniel Ford, Ford, Lee, Deandrae Smith, Smith, “ Keffe, ” Lee, Keffe, Biggie Shakur, Tinsley, ” “ Biggie, ” Tinsley, ‘, Tupac, Rio Yamat, Ken Ritter, Scott Sonner, Gabe Stern, Andrew Dalton, Ryan Pearson, Stefanie Dazio, Felicia Fonseca Organizations: ANGELES, New York City, The Associated Press, Los, Records, New, Boy Records, Row, Tha Dogg, West Coast, Side, South Side, Bloods, MGM, Anderson, BMW, Authorities, Cadillac, ” Police, Las Vegas, ___ Associated Press Locations: East, West, New York, Las Vegas, Compton, midtown Manhattan, East Harlem , New York, Los Angeles, Brooklyn, Harlem, New York City, York , New York, Vegas, Lakewood, South Los Angeles, Reno , Nevada, Flagstaff , Arizona

☆ Interest rates are putting home demand and supply in a gridlock, says Black Knight's Andy Walden
▼ + stars: | 2023-10-03 | 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 EmailInterest rates are putting home demand and supply in a gridlock, says Black Knight's Andy WaldenAndy Walden, Black Knight VP of enterprise research strategy, and CNBC's Diana Olick join 'The Exchange' to discuss higher rates crushing affordability for potential home buyers, the path to normalization in the housing market, and the lack of inventory leading to higher prices.

Persons: Black, Andy Walden Andy Walden, Diana Olick

Here's a look at the hours that led up to the fatal gunfire. At about 8:30 p.m., Shakur and Knight took their front row seats at the fight at the MGM Grand Garden Arena. Surveillance video showed Shakur and Knight kicking and punching Anderson near a bank of elevators, police said. Shortly before 9 p.m., Shakur, Knight and their entourage left the MGM Grand. Shakur and Knight joked with the officers, the license plates were found in the trunk and they did not get a ticket.

Persons: Tupac Shakur, Duane “ Keffe, ” Davis, Here's, TUPAC, Shakur, Suge Knight, Kidada Jones, Mike Tyson, Bruce Seldon, Knight, Tyson, Davis, Orlando “, Lane ” Anderson, Anderson, Jones, ” Malcolm Greenidge, “, ” Greenidge Organizations: LAS VEGAS, Row Records, MGM, Garden, WBA, Compton, Knight, BMW, Cadillac, Police, University Medical Locations: Las Vegas, Southern California, Knight's, Las, Luxor, Casino, Flamingo, Koval, California

☆ US FTC secures settlement with ICE, Black Knight over $11.7 bln deal
▼ + stars: | 2023-08-31 | by ( ) www.reuters.com time to read: +2 min

[1/2] A screen displays the logo for Black Knight on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., May 4, 2022. REUTERS/Brendan McDermid Acquire Licensing RightsAug 31 (Reuters) - The U.S. Federal Trade Commission (FTC) on Thursday said it had secured a settlement resolving antitrust concerns over NYSE-owner Intercontinental Exchange's (ICE.N) proposed purchase of data vendor Black Knight (BKI.N). The proposed settlement ensures Black Knight's divestiture of Empower and Optimal Blue, two businesses that provide services in the mortgage origination process, the FTC said. Black Knight said in mid-July it would sell its Optimal Blue business for $700 million. Optimal Blue provides data and technology to price and trade mortgages.

Persons: Knight, Brendan McDermid, Henry Liu, Joe Biden, Jasper Ward, David Ljunggren, Cynthia Osterman, Bill Berkrot Organizations: New York Stock Exchange, REUTERS, U.S . Federal Trade Commission, NYSE, Intercontinental, FTC, Competition, Constellation Software, Constellation Web Solutions, ICE, Thomson Locations: New York City, U.S, FTC's

☆ Here's how much cash you may have in your home, thanks to new record high prices
▼ + stars: | 2023-08-04 | by ( Diana Olick | In Dianaolick | ) www.cnbc.com time to read: +3 min

Home prices are on a tear again across much of the nation after falling for much of last year. Home prices in June hit record highs in 60% of U.S. markets, according to a new report from Black Knight, set to be released Monday. Higher mortgage rates have been a huge deterrent for current homeowners to list their homes for sale because they don't want to trade up to these higher rates on another purchase. Prospective homebuyers today are looking at paying more than 36% of their income on that payment thanks to higher home prices and higher rates. The average rate on the popular 30-year fixed mortgage hit 7.2% on Thursday, according to Mortgage News Daily.

Persons: Black Knight, Andy Walden, Black, Walden Organizations: Mortgage News Locations: U.S, Black

☆ Home prices on track for 8% increase year-over-year, says Black Knight's Andy Walden
▼ + stars: | 2023-07-19 | 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 EmailHome prices on track for 8% increase year-over-year, says Black Knight's Andy WaldenBlack Knight's Andy Walden joins 'The Exchange' to discuss the critical shortage in single-family home supply, weak demand for homes due to affordability concerns, and the forces driving home prices higher.

Persons: Black, Andy Walden Black, Andy Walden

☆ The housing market is near an inflection point as home prices show signs of trending sharply higher, Black Knight says
▼ + stars: | 2023-07-11 | by ( Jason Ma | ) www.businessinsider.com time to read: +3 min

The housing market is near an inflection point as home prices look set to spike, Black Knight said. "There is no doubt that the housing market has reignited from a home-price perspective." "There is no doubt that the housing market has reignited from a home-price perspective," said Andy Walden, Black Knight's vice president of enterprise research. Active listings have worsened in 95% of major markets this year and are more than 50% below pre-pandemic levels, according to Black Knight. "The challenge for the Fed now is to chart a path forward toward a 'soft landing' without reheating the housing market and reigniting inflation."

Persons: Knight, Black Knight, Andy Walden, Black, Walden Organizations: Service, Black Locations: Wall, Silicon

☆ Real estate facing low inventories, foreclosures, and delinquencies, says Black Knight's Andy Walden
▼ + stars: | 2023-07-07 | 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 EmailReal estate facing low inventories, foreclosures, and delinquencies, says Black Knight's Andy WaldenBlack Knight's Andy Walden and CNBC's Diana Olick join 'The Exchange' to discuss pandemic era migration trends impacting the real estate market, top states for population growth, and how demographics and homebuilding trends are moving home prices.

Persons: Black, Andy Walden Black, Andy Walden, CNBC's Diana Olick

☆ Housing prices could dip before trending higher, says Black Knight's Andy Walden
▼ + stars: | 2023-06-20 | 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 EmailHousing prices could dip before trending higher, says Black Knight's Andy WaldenAndy Walden, Black Knight VP of enterprise research strategy, joins 'The Exchange' to discuss easing housing inventory challenges, home prices rising due to limited supply, and a surplus in vacation rental supply.

Persons: Black, Andy Walden Andy Walden

☆ Home prices are back on the rise as the spring market proves more competitive than expected
▼ + stars: | 2023-05-02 | by ( Diana Olick | In Dianaolick | ) www.cnbc.com time to read: +4 min

After cooling for the better part of last year, home prices are on the rise again. "Just five months ago, prices were declining on a seasonally adjusted month-over-month basis in 92% of all major U.S. markets. Competition among buyers is not only pushing prices higher but also accelerating the market again. Of the nation's 50 largest housing markets by population, just Austin, Salt Lake City and San Antonio are seeing prices fall month to month. A separate report released Tuesday from CoreLogic focuses on home price comparisons from a year ago, but also shows prices gaining month to month.

☆ Automaker Stellantis hires ex-Adidas, grocery executive as CFO
▼ + stars: | 2023-04-19 | by ( Michael Wayland | ) www.cnbc.com time to read: +2 min

Stellantis on Wednesday said it has hired the chief financial officer from global grocery company Ahold Delhaize to replace CFO Richard Palmer, who plans to leave the company at the end of June. Palmer will be succeeded by Natalie Knight, who has served as CFO at the Netherlands-based food retailer since early 2020. The automaker did not release details regarding why Palmer, who served as CFO through two major global mergers, is leaving the company. The resulting automaker then merged with French company PSA Groupe in 2021, forming Stellantis. Stellantis said Knight will be based at the company's U.S. headquarters in Auburn Hills, Michigan, "with extensive travel to Europe and the other regions."

☆ This 1977 Nike memo that calls personal ambition a 'danger' and urges workers to 'fight the law' is getting renewed attention thanks to 'Air'
▼ + stars: | 2023-04-18 | by ( Matthew Kish | ) www.businessinsider.com time to read: +5 min

In 1977, Nike executive Rob Strasser typed a list of 10 company "principles." The raw and unfiltered list captures the irreverence and combativeness of early Nike employees. It was republished after the April 2023 release of "Air," a movie about how Nike signed Michael Jordan. The list, which captures the irreverence and competitiveness of early Nike employees, once again is making the rounds on social media. One of them: "Be on the offense, always," a direct nod at Strasser's list, and a phrase that remains a favorite of Nike executives.

☆ The lucky breaks that built Nike
▼ + stars: | 2023-04-08 | by ( Matthew Kish | ) www.businessinsider.com time to read: +5 min

Fittingly as "Air" hits theaters, Nike will release an Air Jordan in "lucky green." "Luck plays a big role," Nike cofounder Phil Knight wrote in the closing of his 2016 memoir, "Shoe Dog." Athletes get lucky, poets get lucky, businesses get lucky." Knight wrote. Next Wednesday, Nike will release the "Black and Lucky Green" Air Jordan 1.

☆ I watched Ben Affleck's new 'Air' movie with 72 Nike veterans. Here's what they said the movie got right and what it got wrong about the race to sign Michael Jordan.
▼ + stars: | 2023-04-06 | by ( Matthew Kish | ) www.businessinsider.com time to read: +7 min

The movie also shows how early Nike employees didn't hesitate to break rules. The scene sums up what's right, and what's wrong, with the movie, according to former and current Nike employees. It shows early Nike employees didn't hesitate to take risks. Nike veterans said the movie captures the company's willingness to take risks, especially early executives like Phil Knight, played by director Ben Affleck. Affleck, who also played Knight in the movie, nailed the story's arc, by all accounts.

☆ I went to see Ben Affleck's new "Air" movie with some Nike veterans. Here's what they said the movie got right and what it got wrong about the race to sign Michael Jordan.
▼ + stars: | 2023-04-06 | by ( Matthew Kish | ) www.businessinsider.com time to read: +7 min

☆ Inside Nike: Sources share claims of sexism, cheating, abuse at the world's wokest brand
▼ + stars: | 2023-04-05 | by ( Joshua Hunt | ) www.businessinsider.com time to read: +51 min

The conservative blowback came as no surprise to Parker, who told Nike's board of directors to expect some short-term backlash. In late 2014, the BBC sent a film crew to Portland to interview several former Oregon Project employees. "He would be at the side of the track calling out runners' splits but wouldn't call Kara's out," Adam Goucher told me. When people asked why she left the Oregon Project, she said it was a "personal decision." "I don't think it has anything to do with who the CEO is," Goucher told me.

☆ Home prices suddenly jump after several months of declines
▼ + stars: | 2023-04-03 | by ( Diana Olick | In Dianaolick | ) www.cnbc.com time to read: +3 min

Home prices nationally rose 0.16% in February, when seasonally adjusted, according to Black Knight. By fall, the rate shot over 7%, and home prices began cooling more quickly. In December and January, however, mortgage rates began pulling back, and homebuyers were quick to take advantage. "Conscious of changing mortgage rates, home buyers are taking advantage of any rate declines," Lawrence Yun, NAR's chief economist, said in the February sales release. Mortgage rates began rising again in February and then fell back slightly in March due to market fears over the U.S. banking system, amid several bank collapses.

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