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BOSTON, Nov 1 (Reuters) - The CEO of Spirit Airlines on Wednesday defended in court the planned $3.8 billion acquisition of his company by JetBlue Airways as a means to create a viable competitor to the four larger airlines that dominate the U.S. skies. Ted Christie, Spirit's chief executive officer, during the second day of trial in the U.S. Department of Justice's lawsuit challenging the merger testified that his ultra-low-cost airline remained "relatively insignificant" despite years of growth. He said Spirit, which has not turned a profit in three years, had just around 3% of the market and was facing "more effective" competition from those larger airlines - United Airlines, American Airlines, Delta Air Lines and Southwest Airlines - in the aftermath of the COVID-19 pandemic. Christie testified that throughout the negotiations for the deal in 2022, Spirit had been concerned how regulators would view a merger with JetBlue, as the Justice Department had already sued JetBlue to challenge a planned Northeast partnership with American Airlines. Reporting by Nate Raymond in Boston, Editing by Alexia Garamfalvi and Nick ZieminskiOur Standards: The Thomson Reuters Trust Principles.

Persons: Ted Christie, Christie, Spirit, Jay Cohen, William Young, Nate Raymond, Alexia Garamfalvi, Nick Zieminski Organizations: BOSTON, Spirit Airlines, JetBlue Airways, U.S . Department of, Spirit, United Airlines, American Airlines, Delta Air Lines, Southwest Airlines, JetBlue, Frontier Group Holdings, U.S, Justice Department, Democratic, District of Columbia, Thomson Locations: U.S, Boston, New York City, Newark, Fort Lauderdale

☆ Exclusive: Law firm tied to bankruptcy judge resignation did not make conflict disclosures -data analysis
▼ + stars: | 2023-10-30 | by ( Tom Hals | Thomson Reuters | Tom Hals Is An Award-Winning Reporter With Years Of Experience Working In Asia | ) www.reuters.com time to read: +8 min

Freeman also worked as a contract lawyer for Jackson Walker after leaving the firm. Jones and Jackson Walker signed off on the arrangement without disclosing the relationship, court papers show. Until then he was the busiest bankruptcy judge in the United States, overseeing the dissolution or restructuring of corporate titans ranging from Neiman Marcus to J.C. Penney. Bankruptcy judges often serve as mediators in complex cases that are being run by other judges. In the GWG bankruptcy, Jackson Walker on Nov. 30 asked the judge overseeing the case to appoint Jones as mediator.

Persons: David Jones, Jones, Jackson Walker, Elizabeth Freeman, Freeman, Neiman Marcus, J.C, Tom Kirkendall, Jackson, Debtwire, Tehum, Bruce Markell, Tom Hals, Dietrich Knauth, Alexia Garamfalvi, Amy Stevens, Grant McCool Organizations: Reuters, REUTERS, Staff, McDermott International, Houston, GWG Holdings, Wall Street, U.S, Circuit, Appeals, U.S . Department of, Tehum Care Services, Corizon, U.S ., Thomson Locations: Houston , Texas, U.S, WILMINGTON , Delaware, Texas, Houston, United States, Penney, GWG, Wilmington , Delaware, New York

U.S. Bankruptcy Judge David Jones, who oversees more major Chapter 11 cases than any other U.S. judge, is seen in a screenshot from video shot during a virtual interview with Reuters done from Houston, Texas, U.S. December 11, 2020. Jones had already stepped back from overseeing large bankruptcy cases and began reassigning them to two other judges on the court. Until December 2022, Freeman had been a partner at Jackson Walker, a local law firm that filed many cases in Jones' Houston courthouse. Ethics experts have said the undisclosed relationship casts doubt on the integrity of Jones' court. "From the time we first learned of this allegation Ms. Freeman was instructed not to work or bill on any cases before Judge Jones.

Persons: David Jones, Randy Crane, Jones, Elizabeth Freeman, Freeman, Jackson Walker, Judge Jones, Shubhendu Deshmukh, Bill Berkrot, Alexia Garamfalvi Organizations: Reuters, REUTERS, Staff, U.S . Chief U.S, District, Southern, Southern District of Texas, Circuit, McDermott International, Tehum Care Services, U.S . Trustee, Department of, Thomson Locations: Houston , Texas, U.S, Houston, Southern District, New Orleans, Jones ' Houston, Debtwire, Bengaluru

☆ Could Apple be a casualty of the DOJ suit targeting Google?
▼ + stars: | 2023-10-10 | by ( Morgan Chittum | ) www.cnbc.com time to read: +4 min

The U.S. Department of Justice's case against Google Search went to trial last month , with the agency alleging Google unfairly used exclusive deals with mobile companies and browser firms to make its search engine the default for consumers. The Wall Street analyst estimated that Apple earns between $18 billion to $20 billion a year from Alphabet for making Google the default search engine on Apple products. Google has repeatedly rejected the DOJ's claims, arguing its search engine is simply a superior product relative to that of competitors. Google Search didn't become the dominant search engine because of a tie-in with Apple. AAPL YTD mountain Apple (AAPL) year-to-date performance When it comes to Apple, we have found that the best strategy for long-term investors like us is to block out the noise.

Persons: Apple, Bernstein, Toni Sacconaghi, John E, Bernstein's Sacconaghi, Sacconaghi, Jim Cramer's, Jim Cramer, Jim, Sundar Pichai, Tim Cook, Joe Biden, Anna Moneymaker Organizations: U.S . Department, Google, Apple, Wall, Big Tech, CNBC, White, Washington , D.C, Getty Locations: U.S, Washington ,

☆ How this 77-year-old widow lost $661,000 in a common tech scam: 'I realized I had been defrauded of everything'
▼ + stars: | 2023-10-08 | by ( Greg Iacurci | ) www.cnbc.com time to read: +19 min

Older adults, many of whom have saved their entire careers for retirement, can have the most to lose. The Covid pandemic was a disproportionate threat to older adults, keeping Americans indoors and quickly pushing them online. Outcomes hinge on a complex web of federal and state rules that govern banking and elder financial fraud. Such "heightened procedures" to protect older adults are part of the bank's duty of care relative to older customers, the lawsuit said. Scammers had her wire funds from her PNC bank account to an account at the now-defunct Signature Bank in New York.

Persons: Marjorie Bloom, she'd, Bloom, Roth, Ester, Ester Bloom, Rebecca Keithley, —, they'd, I'm, Kathy Stokes, Keithley, General Merrick Garland, she'll, Marjorie Bloom Bloom, trekked, Mount, Kriangkrai, I've, There's, Sergio Flores, scammers —, Carla Sanchez, Adams, Sanchez, Banks, Marve Ann Alaimo, Porter Wright Morris, Arthur, Alaimo, Cryptocurrency, Scammers, scammers, it's, Patrick Wyman, Wyman, Al Drago Organizations: PNC Bank, Finance, CNBC, Federal Bureau of Investigation, PNC, FBI, Social, Department of Justice's, Vanguard Group, Federal, Consumer Finances, AARP, Microsoft, Department of Energy, Guaranty Corporation, U.S, North Dakota ., Everest Base, Social Security, North Bethesda Camera, PNC Bank —, District of Columbia, Bloomberg, Getty, National Consumer Law, Signature Bank, Asset Unit Locations: Chevy Chase , Maryland, U.S, Vietnam, Mount Everest, North Dakota, liquidating, Nepal, Marjorie Bloom Maryland, District, —, Maryland, PNC, New York, Cayman Islands, Washington ,

☆ Apple considered buying Bing from Microsoft in 2018
▼ + stars: | 2023-10-05 | by ( Kif Leswing | ) www.cnbc.com time to read: +6 min

Apple executives have said they picked Google because it's the best search engine, not primarily because of Google's payments. The deal with Microsoft wasn't completed and Giannandrea said he believed Apple CEO Tim Cook told Microsoft it wasn't going forward. Google pays Apple as much as $19 billion per year to be the default search engine on Apple products, according to an estimate . Microsoft was interested in Apple paying for improvements to the search engine, Giannandrea said, including expanding it to additional international markets. He also compared Bing and Google search in 2021 to see the progress Microsoft had made and found Google was significantly better at mobile queries.

Persons: Gabriel Weinberg, Apple, Giannandrea, Adrian Perica, Bing, Microsoft wasn't, Tim Cook, Siri, Apple's, John Giannandrea, he's, Cook, Satya Nadella Organizations: Google, Apple, Department, Bing, Microsoft, CNBC, DOJ

☆ DuckDuckGo CEO testified that Apple was 'really serious' about replacing Google as default for private browsing
▼ + stars: | 2023-10-05 | by ( Lauren Feiner | ) www.cnbc.com time to read: +5 min

Apple once considered replacing Google as its default search engine in private browsing mode on its products in favor of DuckDuckGo, according to recently unsealed testimony by the rival search CEO. DuckDuckGo first got a response from Apple about its idea to become the default search engine in private browsing in 2016, Weinberg said. DuckDuckGo claims its search engine greatly reduces the amount of tracking that is still possible in other search engines, even while on private browsing mode. DuckDuckGo presented Apple executives with data about what Apple users expect from private browsing mode, which Weinberg said he'd thought "was pretty compelling." DuckDuckGO estimated its market share "would increase multiple times over" just by becoming the default in private browsing mode.

Persons: Gabriel Weinberg, Apple, Weinberg, Apple's, DuckDuckGo, Craig Federighi, he'd, Adler, John Giannandrea, Giannandrea, Apple didn't Organizations: DuckDuckGo Inc, Washington , D.C, Google, CNBC, Department, Apple, Microsoft, Bing, Worldwide Developers Conference, Samsung, Mozilla, Opera, YouTube Locations: Washington ,, Cupertino , California, Cupertino

☆ Microsoft CEO Satya Nadella gets honest about Bing's chances against Google
▼ + stars: | 2023-10-03 | by ( Aaron Mok | ) www.businessinsider.com time to read: +3 min

Satya Nadella, CEO of Microsoft, said Google's dominance of online search is hurting Bing, WSJ reported. Bing is struggling to compete with Google, even with its new AI developments, Nadella said. AdvertisementAdvertisementEven Satya Nadella, the CEO of Microsoft, may not think the company's search engine Bing has a chance against Google. "You get up in the morning, you brush your teeth, and you search on Google," Nadella told the Justice Department. AdvertisementAdvertisementThe result for Microsoft, Nadella said, is a "vicious cycle" — and Bing can't keep up.

Persons: Satya Nadella, Bing, Nadella, —, Google's, Sundar Pichai, Bard, Daniel Tunkelang Organizations: Microsoft, Google, Service, US Department, Street Journal, Apple, Justice Department, DOJ, Bing Locations: Washington, OpenAI, —

☆ Anti-trust concerns around Google likely won't materially impact earnings, says Evercore's Mahaney
▼ + stars: | 2023-09-12 | 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 EmailAnti-trust concerns around Google likely won't materially impact earnings, says Evercore's MahaneyMark Mahaney, Head of Internet Research at Evercore ISI, discusses the Department of Justice's anti-trust trial against Google's search engine dominance.

Persons: Evercore's, Mark Mahaney Organizations: Google, Internet Research, Evercore ISI, of

☆ Trump federal election trial set for March 4, 2024
▼ + stars: | 2023-08-28 | by ( Kevin Breuninger | ) www.cnbc.com time to read: +5 min

"In our judgment, that trial date is inconsistent with President Trump's right to due process and the right to effective assistance of counsel," Lauro said in the hearing. But Trump's proposal for an April 2026 trial date went "far beyond what is necessary," the judge said, NBC News reported. A federal judge on Monday set a March 4, 2024, trial date in former President Donald Trump 's criminal election interference case, putting the top Republican presidential candidate on trial in Washington, D.C., seven months before the 2024 general election . Trump, a top Republican presidential candidate who is facing four separate criminal cases, has sought to move his trials past the November 2024 election. Chutkan noted Monday that she spoke with the New York judge overseeing Trump's case in Manhattan, which is also set to go to trial in March.

Persons: Donald Trump, Trump's, Lauro, Chutkan, Tanya Chutkan, Jack, Trump, Joe Biden, Fani Willis, Willis, Smith, Monday's, — CNBC's Dan Mangan Organizations: Iowa Pork, Fair, NBC News, Trump, Republican, Washington , D.C, New, Fulton County Superior Court, D.C Locations: Des Moines , Iowa, U.S, Washington ,, New York, Manhattan, Atlanta, Georgia, Fulton County, Iowa, Florida

☆ A Proud Boy who was supposed to be sentenced for his role in the Capitol riot is now missing, FBI says
▼ + stars: | 2023-08-19 | by ( Associated Press | Hannah Getahun | ) www.businessinsider.com time to read: +3 min

Authorities say a Proud Boy found guilty for his role in the Capitol riot has disappeared. Worrell was on house arrest since a judge ruled that his rights were violated in prison. Over 1,000 people have been charged in connection to the Capitol riot. The US attorney's office for Washington, DC, encouraged the public to share any information about his whereabouts. Phone numbers listed for Worrell and the woman named as his custodian during his house arrest were not functional.

Persons: Worrell, Christopher Worrell, Joe Biden's, William Shipley, Donald Trump, instate Organizations: Service, Boys, Capitol, Congress, Prosecutors, US, DC Department of Corrections, Department of, DOJ Locations: Wall, Silicon, Naples , Florida, Washington, Florida, DC

☆ Trump keeps sounding off on his indictments. His attacks could hasten the criminal trials
▼ + stars: | 2023-08-17 | by ( Kevin Breuninger | ) www.cnbc.com time to read: +1 min

Former U.S. President and Republican candidate Donald Trump makes a keynote speech at a Republican fundraising dinner in Columbia, South Carolina, U.S. August 5, 2023. Former President Donald Trump has ramped up his rhetoric and vowed to keep speaking out in opposition to his criminal indictments as he campaigns for the 2024 Republican presidential nomination. Trump has targeted judges, prosecutors and potential witnesses in posts railing against his four active criminal cases, prompting some legal experts to predict that a gag order may be in Trump's future. But even if that doesn't happen, his aggressive criticism could incentivize judges to bring his cases to trial more quickly. That would be a blow to Trump, who has argued that his trials should be held until after the November 2024 presidential election.

Persons: Donald Trump, Trump, Richard Serafini, Serafini, Tanya Chutkan, Chutkan Organizations: U.S, Republican, Department Locations: Columbia , South Carolina, U.S

☆ Ex-FBI counterintelligence official pleads guilty to conspiracy charge for helping Russian oligarch
▼ + stars: | 2023-08-15 | by ( ) www.cnbc.com time to read: +3 min

McGonigal is expected to change his plea to guilty after initially pleading not guilty. A former high-ranking FBI counterintelligence official pleaded guilty Tuesday to conspiring to violate sanctions on Russia by going to work, after he retired, for an oligarch he once investigated. McGonigal told the judge he accepted over $17,000 to help Deripaska collect derogatory information about another Russian oligarch who was a business competitor. McGonigal pleaded guilty to a single count of conspiring to launder money and violate the International Emergency Economic Powers Act. He supervised investigations of Russian oligarchs, including Deripaska.

Persons: Charles McGonigal, Oleg Deripaska, McGonigal, Deripaska, Rebecca Dell, Jennifer H, Rearden, Vladimir Putin, Matthew G, Olsen Organizations: FBI, Manhattan Federal Court, Emergency Economic, U.S, District of Columbia, Justice Department's National Security Division Locations: New York City, McGonigal, Russia, Crimea, New York, Washington ,, Albanian, Cypress, New Jersey, United States, Russian

[1/3] Charles McGonigal, a former FBI official who has been charged with working for sanctioned Russian oligarch Oleg Deripaska, arrives at Federal Court in New York City, U.S., August 15, 2023. At the time, McGonigal pleaded not guilty to four criminal counts including sanctions violations and money laundering. McGonigal told the court he was "deeply remorseful" for his actions. U.S. District Judge Jennifer Rearden is scheduled to sentence McGonigal on Dec. 14. U.S. prosecutors charged McGonigal as they ramped up efforts to enforce sanctions on Russian officials and police their suspected enablers following the Russian invasion of Ukraine in February 2022.

Persons: Charles McGonigal, Oleg Deripaska, Brendan McDermid, McGonigal, Vladimir Potanin, Seth DuCharme, Jennifer Rearden, Matthew Olsen, Washington, Jody Godoy, Grant McCool Organizations: FBI, Court, REUTERS, Prosecutors, Deripaska, U.S . Department of Justice's National Security Division, Kremlin, Thomson Locations: Russian, New York City, U.S, New York, Manhattan, Russia, Cyprus, New Jersey, Ukraine, Nornickel

☆ Trump likely to face gag order after he targeted Pence, Jack Smith online, experts say
▼ + stars: | 2023-08-07 | by ( Kevin Breuninger | ) www.cnbc.com time to read: +6 min

"I think a gag order is likely, I'm just not sure if it will be enforced," former federal prosecutor Neama Rahmani told CNBC. "A lot of the judges that I've seen cover these types of political cases, they've been all bark, no bite," he said. Indeed, Trump's political operation has heavily featured the indictments in its fundraising pitches and in other campaign messages. "Maybe, but you have to be willing to enforce that gag order." "However, the need to protect that information does not require a blanket gag order over all documents produced by the government."

Persons: Donald Trump, Sam Wolfe, Neama Rahmani, I've, they've, Norm Eisen, Matthew Galluzzo, Galluzzo, Joshua Ritter, " Ritter, Ritter, Jack Smith, Fani Willis, Trump, Manhattan DA Alvin, Tanya Chutkan, Rahmani, Smith, —, Koch, RINO, Trump's Organizations: U.S, Republican, Reuters, Trump, White, CNBC, United Democracy Center, Manhattan DA, Super, Name, Department of, DOJ, Manhattan Locations: Columbia , South Carolina, U.S, New York, Los Angeles, Fulton County, China, Miami

REUTERS/George Frey/File PhotoNEW YORK, Aug 4 (Reuters) - Oxycontin maker Purdue Pharma on Friday asked the U.S. Supreme Court to reject the U.S. Department of Justice's request to delay its multi-billion-dollar bankruptcy settlement resolving thousands of lawsuits against it over the opioid epidemic. The department's bankruptcy watchdog last week asked the Supreme Court to pause the settlement, which would shield the company's Sackler family owners from opioid lawsuits in exchange for a $6 billion contribution to a broader settlement with states, local governments and victims of addiction. The Department of Justice (DOJ) asked the high court to put the deal on hold after a federal appeals court rejected a proposed delay. That position was echoed by a group representing 60,000 people who have filed personal injury opioid claims in Purdue's bankruptcy. Similar lawsuits related to the U.S. opioid crisis have resulted in more than $50 billion in settlements with manufacturers, drug distributors and pharmacy chains.

Persons: George Frey, Sackler, Purdue's, OxyContin, Dietrich Knauth, Grant McCool Organizations: Purdue Pharma, REUTERS, U.S, Supreme, U.S . Department, of Justice, Purdue, Thomson Locations: Provo , Utah, U.S, Purdue's

☆ What is conspiracy against rights? The civil war-era statute included in Trump's Jan 6 and 2020 election interference indictment, explained
▼ + stars: | 2023-08-03 | by ( Lauren Steussy | Rebecca Cohen | Sonam Sheth | ) www.businessinsider.com time to read: +3 min

Among the four charges Donald Trump pleaded not guilty to Thursday was conspiracy against rights. The civil war-era statute was originally passed to stop members of the KKK from terrorizing the formerly enslaved. In this case, it's the right to vote that prosecutors allege Trump threatened by trying to tamper with the 2020 election results in battleground states. The "civil war era statute was used to prosecute folks in the South trying to disenfranchise Black voters," Rahmani added. If convicted of this charge, Trump could face a fine or prison time of up to 10 years, Rahmani said.

Persons: Donald Trump, Trump, Jack Smith, Rahmani Organizations: Capitol, Service, Capitol Riot, Justice, Department of Justice, Ku Klux Klan, Department of Locations: Wall, Silicon, California, Black

A bottle of Johnson and Johnson Baby Powder is seen in a photo illustration taken in New York, February 24, 2016. LTL's bankruptcy proceedings have largely paused the 38,000 lawsuits against J&J, although one case was allowed to proceed to a $18.8 million verdict in July. But David Molton, an attorney for the official committee representing cancer claimants in LTL's bankruptcy, said that a temporary prohibition on new bankruptcy filings was appropriate, given LTL's repeated bankruptcy filings. Kaplan, who dismissed LTL's second bankruptcy, said he was not inclined to block future bankruptcy filings because circumstances could change in the next six months. But the judge said he was open to further written arguments on that point before issuing a formal decision closing LTL's second bankruptcy case next week.

Persons: Johnson, Mike Segar, J, Michael Kaplan, Greg Gordon, David Molton, Kaplan, LTL's, J's, Dietrich Knauth, Cynthia Osterman Organizations: REUTERS, Johnson, LTL Management, U.S . Department of, J, Thomson Locations: New York, Trenton , New Jersey, LTL's, Texas

☆ Jury reaches verdict in death penalty case for Pittsburgh synagogue mass shooter
▼ + stars: | 2023-08-02 | by ( Carolina Gonzalez | David K. Li | ) www.cnbc.com time to read: +2 min

Jurors will need to be unanimous to impose the death penalty or else the gunman will receive life without the possibility of parole. The panel will now deliver its verdict to U.S. District Court Judge Robert Colville, who is bound to impose their decision against the gunman. Last month, this same jury found the shooter guilty on 63 criminal counts stemming from the attack in the Squirrel Hill neighborhood of Pittsburgh on October 27, 2018. Armed with an AR-15 and other weapons, the shooter barged into the synagogue and opened fire. Law enforcement, five of whom were injured in the shooting, returned fire and hit the gunman, who then surrendered.

Persons: Robert Gregory Bowers, Robert Colville, Dustin John Higgs Organizations: U.S, Department, U.S . Locations: Pittsburgh, U.S, U.S . Penitentiary, Terre Haute, Indiana

☆ Capitol police officers from January 6 celebrate Trump's indictment for trying to overturn the 2020 election: 'Today is a great day for our republic'
▼ + stars: | 2023-08-02 | by ( Madison Hall | ) www.businessinsider.com time to read: +3 min

The Department of Justice unveiled a new indictment against former President Donald Trump on Tuesday. Following the announcement of the indictment, former Capitol Police officers rejoiced online. Get the inside scoop on today’s biggest stories in business, from Wall Street to Silicon Valley — delivered daily. "When I heard confirmation of the indictment I couldn't help but feel incredible proud to be an American. "I would be lying if I did not acknowledge my numbness with the news of the indictment today of a former President of the United States.

Persons: Donald Trump, Michael Fanone, Ryan J, Reilly, Obama, Bin Laden, Fanone, Harry Dunn, Dunn, Daniel Hodges, Jack Smith, Hodges, Winston Pingeon Organizations: of Justice, Trump, Capitol Police, Service, Department of, Capitol, US Capitol Police, DC Metropolitan Police, NBC, United States Capitol, Metropolitan Police Locations: Wall, Silicon, United States

☆ Trump's GOP allies vent about Hunter Biden after latest special counsel indictment
▼ + stars: | 2023-08-02 | by ( Kevin Breuninger | ) www.cnbc.com time to read: +6 min

Special counsel Jack Smith's second indictment against Trump alleges he unlawfully tried to overturn his election loss to President Joe Biden in the 2020 election. One day earlier, a former business partner of Hunter Biden testified that the younger Biden put his father on the phone during business meetings about 20 times, according to U.S. House members. Numerous GOP lawmakers and other supporters of Trump were quick to link the timing of Archer's testimony to Smith's indictment. White House spokesman Ian Sams posted that Archer "appears to have actually testified that President Biden wasn't involved and didn't discuss their business dealings. As they did following his first federal indictment in June, Trump's defenders attacked Smith and questioned his credibility.

Persons: Kevin McCarthy, Giorgia Meloni, Donald Trump's, Biden, Jack Smith's, Trump, Joe Biden, Hunter Biden, Devon Archer, Dan Goldman, niceties, Hunter, Goldman, " McCarthy, Steve Scalise, Elise Stefanik, Joe Biden's, White, Ian Sams, Archer, Biden wasn't, didn't, Republicans –, –, Hunter Biden's, Trump's, Smith, Jack Smith, Marjorie Taylor Greene, Byron Donalds, General Merrick Garland, Donald Trump Organizations: Republican, Italian, House, GOP, Department, Justice Department, New York, Republicans, Department of Injustice, Trump, Washington , D.C, DOJ Locations: California, Washington ,, United States, U.S, America, New, Washington, Manhattan

☆ Donald Trump Jan. 6 indictment: Ex-president charged in DOJ's criminal probe into 2020 election interference — his 3rd indictment this year
▼ + stars: | 2023-08-01 | by ( Azmi Haroun | Jacob Shamsian | ) www.businessinsider.com time to read: +7 min

Donald Trump has been indicted as part of the Department of Justice's investigation into the events leading up to the Jan. 6 Capitol riot. The riot was the culmination of efforts by Trump's supporters to block the certification of Biden's election. The Justice Department, in a team led by Special Counsel Jack Smith, brought the charges. Trump announced last month that Smith's team had served him a target letter indicating he may be indicted in the investigation. Trump and six co-conspirators also attempted to rope then-Vice President Mike Pence in their scheme and use the Justice Department to keep Trump in power, the indictment alleges.

Persons: Donald Trump, Trump's, Trump, Joe Biden, Jack Smith, Smith, Mike Pence, Walt Nauta, Stormy Daniels, MANDEL NGAN, Rudy Giuliani, Mark Meadows, John Eastman, Giuliani, What's, Win McNamee, Fani Willis empaneled, George, Biden, Dana Nessel, Jean Carroll Organizations: Department of, Service, Republican, The Justice Department, Truth, Justice Department, Trump, Capitol, White, Prosecutors, Representatives, US Department of Justice, Getty, DOJ, The Washington Post, NPR, Fulton Locations: Wall, Silicon, Florida, New York, Manhattan, Washington ,, AFP, Washington , DC, Fulton County, Atlanta, Michigan

☆ U.S. Justice Department investigating Memphis police for civil rights violations
▼ + stars: | 2023-07-27 | by ( Jonathan Allen | ) www.reuters.com time to read: +1 min

July 27 (Reuters) - The U.S. Department of Justice's Civil Rights Division has opened an investigation into whether the Memphis Police Department has an unconstitutional "pattern or practice" of using excessive force and racial discrimination, department officials announced on Thursday. Earlier this year, the Justice Department agreed to join city officials and other agencies in a review of the Memphis Police Department after its officers fatally beat Tyre Nichols, a 29-year-old Black man, in the Tennessee city in January. The federal investigation announced on Thursday is not tied to any specific incident, Assistant Attorney General Kristen Clarke said at a press conference, though she noted Nichols' "tragic death" in her remarks. "City and police department leaders recognize the need to scrutinize the police department's practices to prevent such incidents from ever happening again," Clarke said. Reporting by Jonathan Allen in New York; Editing by Aurora EllisOur Standards: The Thomson Reuters Trust Principles.

Persons: Tyre Nichols, Kristen Clarke, Nichols, Clarke, Jonathan Allen, Aurora Ellis Organizations: U.S . Department of Justice's Civil, Memphis Police Department, Justice Department, Thomson Locations: Tennessee, New York

☆ Head of US 'KleptoCapture' unit targeting Russian oligarchs leaves Justice Dept.
▼ + stars: | 2023-07-27 | by ( Luc Cohen | Thomson Reuters | Reports On The New York Federal Courts. Previously Worked As A Correspondent In Venezuela | ) www.reuters.com time to read: +3 min

Andrew Adams, who has led the "KleptoCapture" task force since its inception in March 2022, will be replaced by his deputies Michael Khoo and David Lim, a DOJ spokesperson said. "It was a privilege to cap this time in service of the Department's response to the war in Ukraine," Adams, a 10-year Justice Department veteran, wrote in a LinkedIn post. In launching the task force, U.S. Attorney General Merrick Garland said it would enforce sanctions and export controls designed to freeze Russia out of global markets, and confiscate assets obtained through unlawful conduct. During Adams' tenure, the unit unveiled indictments against aluminum magnate Oleg Deripaska and TV tycoon Konstantin Malofeyev for alleged sanctions busting, and seized yachts belonging to sanctioned oligarchs Suleiman Kerimov and Viktor Vekselberg. Reporting by Luc Cohen in New York; Additional reporting by Sarah N. Lynch in Washingon, D.C.; Editing by Daniel WallisOur Standards: The Thomson Reuters Trust Principles.

Persons: Andrew Adams, Michael Khoo, David Lim, Adams, General Merrick Garland, Oleg Deripaska, Konstantin Malofeyev, Suleiman Kerimov, Viktor Vekselberg, Artem Uss, Khoo, Lim, Luc Cohen, Sarah N, Lynch, Daniel Wallis Organizations: U.S . Department, Reuters, Department of Justice, DOJ, Department, Vekselberg's, Huawei Technologies, Iran, Airbus, D.C, Thomson Locations: Moscow, Ukraine, New York City , New York, U.S, Russia, York, Russian, Italy, New York, Washingon

☆ Alphabet's solid second quarter is clouded by U.S. regulatory pressure
▼ + stars: | 2023-07-25 | by ( Zev Fima | ) www.cnbc.com time to read: +6 min

Bottom line This was a very strong second quarter from Alphabet. It was also the first quarter in a while during which revenue growth outpaced that of expenses. That strategy should support both revenue growth and profit margins going forward. We think shares can edge higher over time thanks to management finally getting cost growth below revenue growth. At YouTube, management called out stabilization of spending by advertisers.

Persons: Jim Cramer, —, Ruth Porat, Jim Cramer's, Jim, Sundar Pichai, Anna Moneymaker Organizations: U.S, NVIDIA, Nvidia, U.S . Department, DOJ, Google Networks, Google, YouTube, CNBC, Americas, U.S . Chamber, Commerce, Getty Locations: Los Angeles , California

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