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☆ Toyota Aims to Meet Hybrid Demand With New U.S. Plant Investment
▼ + stars: | 2023-10-31 | by ( Sean Mclain | ) www.wsj.com time to read: 1 min

Toyota executives say that demand for hybrids is outstripping the company’s production capacity. Photo: Stephanie Keith/Bloomberg NewsToyota Motor said it is more than doubling its investment in a battery plant under construction in North Carolina, a move aimed at increasing its ability to meet demand for hybrid models. With the latest $8 billion investment, Toyota is planning to spend nearly $14 billion to turn the facility in Liberty, N.C., into a massive hub for battery production. The 1,000-acre site is slated to contain 14 assembly lines producing batteries for hybrids, plug-in hybrids and fully electric vehicles. Battery production is scheduled to begin there in 2025.

Persons: Stephanie Keith Organizations: Toyota, Bloomberg News Toyota Locations: North Carolina, Liberty, N.C

☆ Some pharmacy staff from Walgreens, other chains are walking out again — here's what you need to know
▼ + stars: | 2023-10-29 | by ( Annika Kim Constantino | ) www.cnbc.com time to read: +11 min

The company's ongoing efforts are focused on how it can recruit, retain and reward pharmacy staff, the spokesperson said. CVS pharmacists make $61.44 an hour on average, while Walgreens pharmacists make $53.85 per hour on average, according to employment website Indeed. However, some Walgreens pharmacy staff told CNBC that the company continues to push their stores to hit performance goals for tasks like verifying prescriptions. IAM Healthcare did not immediately respond to a request for comment, while UFCW has expressed its support for the recent walkouts staged by Walgreens and CVS pharmacy staff. People make their way near a Walgreens pharmacy in New York City, March 9, 2023.

Persons: Brian Snyder, Shane Jerominski, walkouts, Stephanie Keith, I've, Irfan Khan, aren't, Jerominski, UFCW, Leonardo Munoz Organizations: Walgreens, Reuters, CNBC, CVS, Rite Aid, Kansas City, Bloomberg, Getty, Food and Drug Administration, Pfizer, CVS Pharmacy, Los Angeles Times, Kroger, IAM Healthcare, United Food, Commercial Workers International Union, Corbis Locations: Somerville , Massachusetts, Kansas City, Kansas, U.S, Massachusetts , Pennsylvania, California , Texas , Michigan , Missouri, Indiana, New York, Eagle Rock , CA, Canada, New York City

☆ Muslims and Jews Report Rising Harassment in U.S., Advocacy Groups Say
▼ + stars: | 2023-10-26 | by ( Jennifer Calfas | ) www.wsj.com time to read: 1 min

An NYPD officer patrols in front of a synagogue in New York City. Photo: Stephanie Keith/Getty ImagesMuslim and Jewish Americans are reporting more harassment, intimidation and assaults since the Oct. 7 Hamas attacks in Israel, organizations representing those communities said. The Council on American-Islamic Relations, a Muslim advocacy group, said it received 774 complaints between Oct. 7 and Oct. 24, roughly triple what was recorded over about two weeks, on average, last year. The Anti-Defamation League, a Jewish advocacy group, said of the 312 reported antisemitic incidents it has recorded between Oct. 7 and Oct. 23, 190 were related to the war, an increase unlike anything the group has seen tied to a specific event.

Persons: Stephanie Keith Organizations: Getty, Islamic, Defamation League Locations: New York City, Israel

That shift in legal doctrine was profound, shaping how courts have applied antitrust law ever since. Khan’s ideas have challenged the closest thing to a sacred cow in antitrust law. The most ambitious of those never became law, but Khan’s role in the probe, which Cicilline described as “critical,” helped further raise her profile. Amazon and Meta have both pushed for Khan to recuse herself from matters involving the companies, questioning her objectivity. The US Federal Trade Commission sued Amazon.com Inc. in a long-anticipated antitrust case, accusing the e-commerce giant of monopolizing online marketplace services by degrading quality for shoppers and overcharging sellers.

Persons: Lina Khan, Khan, Stephanie Keith, ” Khan, “, Joe Biden, ”, William Kovacic, George W, Bush, Barry Lynn, Lynn, New America Foundation —, Obama, —, ” Lina Khan, Rong Xu, ” Lynn, it’s, ’ ”, Reagan, Robert Hockett, Khan’s, David Cicilline, Lina, ” Cicilline, Cicilline, Justin Tallis, Biden, Trump, Douglas Farrar, Gary Gensler, Tom Williams, Jonathan Kanter, Roe, Wade, Kevin Kiley, Meta, she’s, “ We’ve, they’re, Federal Trade Commission Lina Khan, Al Drago, Kathleen Bradish, Bradish, Christine Wilson, Wilson, Noah Phillips, Gabby Jones, NetChoice, Carl Szabo, “ It’s, ” Szabo, There’s, ” Kovacic Organizations: CNN, Federal Trade Commission, Amazon, FTC, Big, Microsoft, Meta, Bloomberg, Getty, Republican, White House, Williams College, New America Foundation, Washington Monthly, Yale Law, Washington Post, Cornell Law School, Big Tech, Rhode, Rhode Island Democratic, Apple, Facebook, Cambridge, Activision, SEC, Financial Services, General Government, Securities and Exchange Commission, Capitol, Justice Department, Epic Games, California Republican, Washington , D.C, American Antitrust Institute, GOP, US Federal Trade Commission, Amazon.com Inc Locations: Big Tech, Robbinsville , New Jersey, Washington, Larchmont , New York, Rhode Island, Washington ,, New York

☆ Secret audio, a star witness, and ‘Thai prostitutes’ complicate Sam Bankman-Fried’s defense
▼ + stars: | 2023-10-15 | by ( Allison Morrow | ) edition.cnn.com time to read: +7 min

‘The ultimate insider’Caroline Ellison offered crucial testimony this week against her former boss and ex-boyfriend, Sam Bankman-Fried. Like Bankman-Fried, Ellison faces the prospect of 110 years in prison if given a maximum sentence. Bankman-Fried’s defense team cross-examined Ellison for about six hours on Thursday in a meandering, halting back-and-forth that repeatedly prompted objections from the prosecution. The secret audio recordingCaroline Ellison, former chief executive of Alameda Research, leaves federal court in Manhattan on Thursday. Statements like the ones Ellison made in the recording are known as “prior consistent statements of a witness,” Estes said.

Persons: Sam Bankman, He’s, Caroline Ellison, Fried, Jane Rosenberg, —, ”, Jordan Estes, Kramer Levin, “, SBF’s, Ellison, Gary Wang, FTX, Sam, Judge Lewis Kaplan, Mark Cohen, Stephanie Keith, Christian Drappi, “ Sam’s, ” Estes, they’ve, ’, What’s, Estes, that’s, Mary, ” Prosecutors, there’s, ’ ” Estes, you’ve Organizations: New, New York CNN, Alameda Research, Reuters, US Attorney’s, Bloomberg, Getty, Alameda, Christian, ”, CNN Locations: New York, Alameda, Bahamas, Manhattan, Hong Kong, China

☆ Caroline Ellison says she wasn't an ambitious person until she met Sam Bankman-Fried
▼ + stars: | 2023-10-12 | by ( Mackenzie Sigalos | ) www.cnbc.com time to read: +3 min

Caroline Ellison, former chief executive officer of Alameda Research LLC, arrives to court in New York, US, on Thursday, Oct. 12, 2023. Ellison, ex-girlfriend of FTX co-founder Sam Bankman-Fried, outlined for a New York jury Wednesday how she worked with Sam Bankman-Fried to deceive lenders and customers to build his multi-billion dollar cryptocurrency empire, and their failed attempts to prevent a spectacular collapse. She pleaded guilty in December to two counts of wire fraud, two counts of conspiracy to commit wire fraud, conspiracy to commit commodities fraud, conspiracy to commit securities fraud and conspiracy to commit money laundering. By 2021, she testified, Bankman-Fried had largely stopped coming into the Alameda office and had left more of the job to Ellison. Ellison also testified that Bankman-Fried had discussed adding a new co-CEO when Trabucco left, but she resisted.

Persons: Caroline Ellison, Ellison, FTX, Sam Bankman, Stephanie Keith, Mark Cohen, Lewis Kaplan, Cohen, Sam Trabucco, Alameda's, Trabucco, Fried, Ryan Salame, Ellison's Organizations: Alameda Research, New, Bloomberg, Getty, FTX Locations: New York, Manhattan, Alameda

☆ Key takeaways from Sam Bankman-Fried’s first week in court
▼ + stars: | 2023-10-06 | by ( Allison Morrow | ) edition.cnn.com time to read: +6 min

And Alameda was the only FTX customer allowed to carry a negative balance. Christian Everdell and Mark Cohen, attorneys for Sam Bankman-Fried, exit court in New York on Wednesday, Oct. 5, 2023. Star witness coming TuesdayCaroline Ellison, Alameda’s CEO and Bankman-Fried’s on-and-off girlfriend, is expected to take the stand when court resumes on Tuesday. Ellison, 28, is considered the prosecution’s star witness, given her position as the head of Alameda and her personal knowledge of Bankman-Fried’s behavior. According to court documents, when one employee asks who made the decision, Ellison responds: “Um … Sam, I guess.”

Persons: Sam Bankman, Gary Wang, Wang, SBF, Mark Cohen, Fried, FTX, Christian Everdell, Stephanie Keith, Everdell, “ FTX, ” Wang, ” FTX, Caroline Ellison, Ellison, Sam Organizations: New, New York CNN, Alameda Research, Bankman, Alameda, Bloomberg, Getty, “ Locations: New York, Alameda

☆ U.S. online sales to grow 4.8% in crucial holiday season, report says
▼ + stars: | 2023-10-05 | by ( ) www.reuters.com time to read: +2 min

REUTERS/Stephanie Keith/File Photo Acquire Licensing RightsOct 5 (Reuters) - Online sales during the crucial U.S. holiday season are expected to rise 4.8% from a year earlier as retailers go all out to woo inflation-hit consumers with even bigger discounts and promotions, a report from Adobe Analytics showed on Thursday. Adobe said the holiday season would see heavy discounts this year, especially in the toys, sporting goods and furniture categories, with markdowns peaking at 35%. Last month, Mastercard's (MA.N)SpendingPulse report forecast a 6.7% rise in online sales during the holiday season. Online discounts expected to be as high as 35% this holiday seasonWith Amazon.com (AMZN.O) hosting its second Prime Day sale in October, holiday shopping is expected to start as early as this month. Shoppers, especially the younger ones, are more likely to use buy-now-pay-later services to stretch their budgets, according to the report.

Persons: Stephanie Keith, Adobe, Savyata Mishra, Anil D'Silva Organizations: REUTERS, Adobe Analytics, Walmart, Adobe, Thomson Locations: New York City, U.S, Bengaluru

Sam Bankman-Fried Trial appears at Federal Court in New York on Oct. 4th, 2023. Two years later, Julliard stood as the prosecution's first witness in the criminal fraud trial against FTX founder Sam Bankman-Fried, who's accused of misusing billions of dollars in client money. He and thousands of other FTX customers were practically wiped out when the exchange went belly up late last year. Allan Joseph Bankman, father of FTX Co-Founder Sam Bankman-Fried, and Barbara Fried, mother of FTX Co-Founder Sam Bankman-Fried, arrive at court in New York, US, on Wednesday, Oct. 4, 2023. WATCH: Sam Bankman-Fried criminal trial begins in New York

Persons: Sam Bankman, Claudia Johnson Marc, Antoine Julliard, Julliard, who's, FTX, Gisele Bündchen, Fried, Jane Rosenberg, Sam, Mark Cohen, Cohen, Attorney Thane, Rehn, Alameda's, Caroline Ellison, Allan Joseph Bankman, Barbara Fried, Stephanie Keith, Ellison's, Sam Trabucco, Trabucco, Rein, Adam Yedidia, Bankman, Yedida, hadn't, Gary Wang Organizations: Court, FTX, Federal Court, Reuters Defense, Alameda Research, Bankman, Assistant U.S, Attorney, Capitol, U.S, Bloomberg, Getty, MIT, Massachusetts Institute of Technology, Prosecutors Locations: New York, London, Manhattan, FTX, New York City, U.S, Alameda, Attorney Thane Rehn, Rehn

☆ Wells Fargo sells $2 billion of private equity investments
▼ + stars: | 2023-09-29 | by ( ) www.reuters.com time to read: +1 min

A Wells Fargo logo is seen in New York City, U.S. January 10, 2017. REUTERS/Stephanie Keith/File Photo Acquire Licensing RightsSept 29 (Reuters) - Wells Fargo (WFC.N) said on Friday it had sold about $2 billion of its private equity investments as the bank aims to sharpen focus on its core businesses. "With this transaction, we are continuing with our strategic efforts to focus on Wells Fargo's core businesses and customers," Wells Fargo CFO Mike Santomassimo said. The investments were in certain funds managed by Norwest Equity Partners and Norwest Mezzanine Partners. They were sold to a group of buyers that included private equity firm Carlyle Group's (CG.O) unit AlpInvest Partners, Atalaya Capital Management, Lexington Partners and Pantheon, according to Wells Fargo.

Persons: Stephanie Keith, Wells, Mike Santomassimo, Carlyle Group's, Lazard, Niket, Shounak Dasgupta Organizations: REUTERS, Federal Reserve, Norwest Equity Partners, Partners, AlpInvest Partners, Atalaya Capital Management, Lexington Partners, Thomson Locations: New York City, U.S, Wells Fargo, Bengaluru

JPMorgan did not admit any wrongdoing in the settlement, which will give $55 million to Virgin Islands charities and the American territory's anti-trafficking efforts. The remaining $20 million will cover attorneys' fees incurred by the Virgin Islands as part of the litigation in federal court in New York. The Virgin Islands said the deal "includes several substantial commitments by JPMorgan Chase to identify, report, and cut off support for potential human trafficking, including establishing and implementing comprehensive policies and procedures." Virgin Islands Attorney General Ariel Smith said the agreement settles what was the first enforcement action against a bank for facilitating and profiting from human trafficking. The Virgin Islands previously obtained a $105 million settlement from Epstein's estate, and another $62.5 million from billionaire investor Leon Black to resolve potential claims related to Epstein.

Persons: JPMorgan Chase, Jeffrey Epstein, Ghislaine Maxwell, Rod Stewart, Cipriani, Joe Schildhorn, Patrick McMullan, Jes Staley, Epstein, Staley, Ariel Smith, Smith, Boies Schiller Flexner, Stephanie Keith, Leon Black, Jamie Dimon, Jed Rakoff, Virgin Organizations: JPMorgan, U.S . Virgin, Virgin Islands, Virgin, Barclays Plc, Bloomberg, Getty Images Bloomberg, Getty, Treasury Department Locations: New York, New York City, U.S, Manhattan, Virgin, Epstein's, Florida

☆ Centerbridge teams up with Wells Fargo to launch direct-lending fund
▼ + stars: | 2023-09-26 | by ( ) www.reuters.com time to read: +1 min

A Wells Fargo logo is seen in New York City, U.S. January 10, 2017. REUTERS/Stephanie Keith/File Photo Acquire Licensing RightsSept 26 (Reuters) - Private equity firm Centerbridge Partners is launching a direct-lending fund with backing from Wells Fargo (WFC.N), the companies said on Tuesday. The direct-lending market is dominated by private equity firms, which in recent months have been looking to expand their footprints in the sector as mid-sized banks tighten loan standards. The fund named Overland Advisors will target at least $5 billion in investible capital with a focus on meeting credit requirements of North American mid-sized companies, the San Francisco-based bank and Centerbridge said. Abu Dhabi Investment Authority and British Columbia Investment Management Corporation have agreed to provide nearly $2 billion in initial equity commitments.

Persons: Stephanie Keith, Wells, Centerbridge, JPMorgan Chase, forayed, Jaiveer Singh, Shweta Agarwal Organizations: REUTERS, Centerbridge Partners, Overland, North, Abu, Abu Dhabi Investment Authority, Columbia Investment Management Corporation, JPMorgan, Reuters, Thomson Locations: New York City, U.S, Wells Fargo, San Francisco, Abu Dhabi, Bengaluru

But residents also said the area was a place where jobs were hard to come by, drugs were prevalent and encounters with the police could be fraught. On Wednesday evening, Mr. Duprey, 30, was on a motorbike, fleeing narcotics officers who were attempting to arrest him, the police said, when a sergeant, Erik Duran, threw a cooler at him. Mr. Duprey lost control of the bike, hitting a tree and a car before the bike toppled over and he fell to the ground, a surveillance video reviewed by The New York Times shows. On Friday, the New York City medical examiner’s office ruled Mr. Duprey’s death a homicide. In the days since, Mr. Duprey’s family has disputed the Police Department’s account, and protesters have called for criminal charges against the sergeant who threw the cooler.

Persons: Eric Duprey, Duprey, Erik Duran, Duprey’s, Stephanie Keith Organizations: The New York Times, New, Police Locations: Bronx, New York City

☆ Distressed US corporate debt trading touches 11-month low: JPM
▼ + stars: | 2023-08-08 | by ( Matt Tracy | ) www.reuters.com time to read: +2 min

REUTERS/Stephanie Keith/File Photo/File PhotoAug 8 (Reuters) - The amount of U.S. corporate loans and bonds trading at distressed levels has reached its lowest in 11 months, according to a JPMorgan (JPM.N) research report on Tuesday. However, the volume of junk-rated corporate loans themselves trading at distressed levels has fallen for two consecutive months, nearing a year-to-date low in July, it said. At the end of July, $110 billion of outstanding loans traded at distressed levels. It marked the second straight month of declining distressed trading of junk-rated loans, after reaching a year-high in May, according to data in the report. At 22%, loans to junk-rated healthcare sector issuers made up the highest portion of distressed trading last month, according to the JPMorgan report.

Persons: Stephanie Keith, Shirley Singh, Singh, Matt Tracy, Deepa Babington Organizations: JPMorgan, REUTERS, Moody's Investors Service, Moody’s, Thomson Locations: New York City, U.S, . Federal

Eva Marie Uzcategui | Bloomberg | Getty ImagesIt's not your imagination: Companies are getting stingier with customer rewards. Raising the barSome of the biggest shifts in customer perks have come in the airline industry. At many retailers, customers must now pay a return fee if they want to ship back unwanted clothing, shoes or other items. "To drive that online demand, free shipping and free returns were put in place, but now we all know it costs significant money," he said. Both companies aim to make sure membership isn't shared with people who aren't paying, particularly as the companies chase new avenues of growth.

Persons: Eva Marie Uzcategui, Dunkin, Cowen, David Garfield, Yuping Liu, Stephanie Keith, Marshal Cohen, Circana, Nordstrom, Christopher Dilts, Kohl's, Macy's, they're, Amit Sharma, Heidi Isern, Levi Strauss, Ann Taylor, Crocs, Brooks, reining Organizations: Brickell City Centre, Bloomberg, Getty, Retailers, Ross, uptick, American Airlines, Delta Air Lines, United Airlines, Old Dominion, Strome School of Business, LaGuardia, American Express, American, IRI, NPD, Urban Outfitters, Abercrombie, Fitch, Nordstrom, Amazon, Foods, Netflix, Costco Locations: Brickell, Miami , Florida, Queens, New York, Delta, Schaumburg , Illinois

☆ ‘Barbenheimer’ box office success has reawakened America’s moviegoing muscle
▼ + stars: | 2023-07-30 | by ( Eva Rothenberg | ) edition.cnn.com time to read: +4 min

CNN —It’s a tale of two movies and a box office triumph: “Barbie” and “Oppenheimer” maintained incredible momentum into their second weekends. It is the largest domestic second weekend performance ever for Warner Bros., which produced the movie. Crucially, these numbers reflect that not only is there high energy and excitement for movies, but an appetite for the movie theater experience. People dress up as the doll Barbie to attend the Barbie movie on July 21, 2023 in New York City. “You have to go into the theater to experience it.”Repeat viewings are also fueling box office earnings.

Persons: CNN —, “ Barbie ”, “ Oppenheimer ”, Barbie ”, Oppenheimer, Barbie, Stephanie Keith, Barbenheimer, it’s, ”, Michael O’Leary, “ Oppenheimer, O’Leary, “, they've, Instagram O’Leary, there’s, Paul Dergarabedian, Eric Thayer, Shawn Robbins Organizations: CNN, Warner Bros, Warner Bros ., National Association of Theater Owners, B Theaters, Hollywood, B, “, Guild of America, SAG, Comscore, ”, Screen, Fox Studios, Bloomberg, Getty, Boxoffice Pro Locations: New York City, United States, Los Angeles

☆ 'Barbie' blows up 'Oppenheimer' as Greta Gerwig's plastic fantastic looks set to make $100 million more than Christopher Nolan's atomic blockbuster this weekend
▼ + stars: | 2023-07-23 | by ( Ryan Hogg | ) www.businessinsider.com time to read: +3 min

Greta Gerwig's comedy is headed for a $155 million US opening, with "Oppenheimer" on $77 million. According to studio projections seen by The Hollywood Reporter, Greta Gerwig's film is heading for a $155 million domestic opening weekend, while Christopher Nolan's atomic bomb epic is set to take $77 million. That means the first outing in the "Mattel Cinematic Universe" will outstrip Nolan by more than $100 million. "Barbie" cost a reported $145 million to make, plus an estimated $100 million for its elaborate marketing campaign, while "Oppenheimer" reportedly cost $100 million. It's the first where one title has more than $100 million and another taken more than $50 million in the same three-day period, according to The Hollywood Reporter.

Persons: Oppenheimer, Greta Gerwig's, Margot Robbie, Christopher, outstrip Nolan, Patty Jenkins, Barbie, Stephanie Keith, Insider's Chris Panella, you'll Organizations: Hollywood, Mattel, Warner Bros, Universal Pictures, National Association of Theater, Associated Press, Rotten Locations: Manhattan

☆ Sarah Lawrence College takes swipe at the Supreme Court, inviting students to write their application essay about the court's ruling that tossed affirmative action
▼ + stars: | 2023-07-18 | by ( Rebecca Cohen | ) www.businessinsider.com time to read: +3 min

Sarah Lawrence College is inviting undergrad applicants to write about how the Supreme Court's decision to overturn affirmative action is impacting their lives. In June, the Supreme Court ruled that it is unconstitutional to consider race in college applications. But Chief Justice John Roberts wrote that students can still, in essays, write about how race has affected their lives. An exterior view of Sarah Lawrence College is seen on February 12, 2020 in Bronxville, New York. The Supreme Court's decision led by the conservative justices found that affirmative action policies, which allowed schools to account for a student's race in order to accept more diverse applicants, were discriminatory.

Persons: Sarah Lawrence, John Roberts, Sarah Lawrence's, Stephanie Keith, Roberts Organizations: Service, Supreme Locations: Wall, Silicon, Yonkers , New York, United States, Bronxville , New York

☆ JPMorgan Chase's drawn-out breakup with Jeffrey Epstein
▼ + stars: | 2023-06-23 | by ( Kaja Whitehouse | Emmalyse Brownstein | ) www.businessinsider.com time to read: +29 min

Several months later, in October 2006, JPMorgan categorized Epstein as a "high-risk" client, according to a transcript of Dimon's deposition in May. Today, banks have entire departments dedicated to tracking client activity and flagging suspicious behavior. Lots of questions'The fuss JPMorgan compliance officers raised about Epstein in 2011 was extensive. A 'faithless servant'One person who might know much more about the tangled relationship between Epstein and JPMorgan is Jes Staley. Staley sent Epstein internal JPMorgan documents and relied on him for guidance on an array of business and personal dealings, the JPMorgan internal report shows.

Persons: —, Morgan Stanley, Lehman Brothers —, Jamie Dimon, Jeffrey Epstein, Leon Black, Bill Clinton, Donald Trump, Epstein, Jes Staley, Staley, Jeffrey Epstein's, Michelle Licata, Courtney Wild, Stephanie Keith, Jane Doe, JP Morgan —, Epstein —, jes staley, Patricia Wexler, Wexler, Dimon, Barry Krischer, JPMorgan, Ghislaine Maxwell, Rod Stewart, Cipriani, Joe Schildhorn, Patrick McMullan, Frank Haberstroh, Haberstroh, Les Wexner, Wexner, Tom Williams, JP Morgan, Little, Little Saint James, Epstein's, Jim Spellman, Staley didn't, Morgan, James, Emily Michot, Bill Gates, Larry Summers, Woody Allen, Stephen Cutler, Cutler, Mary Erdoes, Erdoes, Youngbee Dale, Dale, JPMorgan Chase, Michael M, NYDFS, Bernie Madoff, Cecile de Jongh, Joe Shmoe, Jacob Shamsian Organizations: JPMorgan, Highbridge Capital Management, Citigroup, Lehman Brothers, titans, Apollo, US, US Virgin Islands, Bloomberg TV, Financial, US Department of, Treasury, Getty, BSA, Polaris Market Research, United Nations University Centre, M2C Model, Palm, JPMorgan Chase, Washington D.C, Inc, Apollo Global Management, The New York Times, Little Saint, Virgin, U.S ., Miami Herald, Tribune, Service, Microsoft, Columbia University, Mountain Capital, DOJ, New, Deutsche Bank, New York Department of Financial Services, Virgin Islands, Barclays, Authority, Wall Street Journal Locations: York, Manhattan, New York, US Virgin, dimon, Palm Beach , Florida, New York City, UN, Paris, Washington, Prague, thomas, Wexner, Little Saint, I'm, Little St, U.S, U.S . Virgin Islands, Staley, Dimon's, Virgin, British

☆ 'Lots of smoke. Lots of questions': Internal emails show JPMorgan Chase execs worried about the bank's ties to Jeffrey Epstein. So why did it take so long to cut him loose?
▼ + stars: | 2023-06-23 | by ( Kaja Whitehouse | Emmalyse Brownstein | ) www.businessinsider.com time to read: +29 min

That, of course, is the billion-dollar question: What did JPMorgan, America's largest bank, know about Epstein's alleged sex trafficking? Today, banks have entire departments dedicated to tracking client activity and flagging suspicious behavior. Lots of questions'The fuss JPMorgan compliance officers raised about Epstein in 2011 was extensive. Lots of questions," declared a senior JPMorgan compliance officer reviewing Epstein's accounts as part of that 2011 compliance review, according to court papers filed by the US Virgin Islands. Staley sent Epstein internal JPMorgan documents and relied on him for guidance on an array of business and personal dealings, the JPMorgan internal report shows.

☆ Buy Buy Baby draws sale interest in Bed Bath & Beyond bankruptcy, one bidder looks to save stores
▼ + stars: | 2023-06-02 | by ( Gabrielle Fonrouge | In Gabrielle-Fonrouge | ) www.cnbc.com time to read: +7 min

A Buy Buy Baby store in the Brooklyn borough of New York, US, on Monday, Feb. 6, 2023. That's where Buy Buy Baby – and its long-held name recognition – would come in. "We have tremendous trust with new and expecting parents but Buy Buy Baby is much better known with kind of that older generation," she said. The crown jewel of Bed Bath & BeyondThis is not the first time Buy Buy Baby has seen sale interest. Buy Buy Baby has remained a bright spot in Bed Bath & Beyond's otherwise dismal earnings reports in recent years.

Persons: Stephanie Keith, Natalie Gordon, It's, Gordon, Babylist, it's, –, Ryan Cohen, Chewy, Cohen Organizations: Bloomberg, Getty, Bed, CNBC, Capital Advisors, GameStop, & $ Locations: Brooklyn, New York, Bed Bath, Beverly Hills , California, Bath

☆ Trump Denies E. Jean Carroll Rape Allegation in Video Deposition Played for Jurors
▼ + stars: | 2023-05-03 | by ( James Fanelli | Corinne Ramey | ) www.wsj.com time to read: 1 min

Author E. Jean Carroll, who arrived at court in New York City, has accused former President Donald Trump of rape, which he has denied. Photo: Stephanie Keith/Bloomberg NewsDonald Trump testified in a recorded deposition that writer E. Jean Carroll’s rape allegation against him was made up, calling her account “the most ridiculous, disgusting story.”A portion of the video of the deposition was played for jurors Wednesday during a civil trial on Ms. Carroll’s allegations that Mr. Trump raped her in a dressing room of the Bergdorf Goodman department store in Manhattan around 1996. The jury watched the video after hearing in person from a former People magazine reporter who said she was assaulted by Mr. Trump in 2005.

☆ Ed Sheeran Testifies in Trial Over Alleged Copying of Marvin Gaye Song
▼ + stars: | 2023-04-26 | by ( James Fanelli | ) www.wsj.com time to read: 1 min

Ed Sheeran, arriving to a federal court in New York City, later sparred from the witness stand with the plaintiffs’ lawyers in his trial over alleged copyright-infringement. Photo: Stephanie Keith/Bloomberg NewsDid British pop star Ed Sheeran rip off Marvin Gaye’s classic song “Let’s Get It On” when he wrote a Grammy-winning love ballad? A federal jury in New York began considering that question Tuesday in a copyright-infringement trial that could have implications for how songwriters arrange chords to make music.

☆ Ed Sheeran Goes on Trial for Alleged Copying of Marvin Gaye Song
▼ + stars: | 2023-04-26 | by ( James Fanelli | ) www.wsj.com time to read: 1 min

☆ Ed Sheeran is being sued for allegedly copying Marvin Gaye — here's where the trial stands
▼ + stars: | 2023-04-26 | by ( Stefan Sykes | ) www.cnbc.com time to read: +4 min

Musician Ed Sheeran was in court this week to deny claims that his 2014 song "Thinking Out Loud" is a copy of Marvin Gaye's 1973 classic "Let's Get it On." The high-profile copyright case was brought by the heirs of Ed Townsend, who co-wrote "Let's Get It On" with Gaye. The defense, which did not cross examine Sheeran, said he'll be back on the stand once more during the trial. Sheeran also said the 2014 concert mash-up only happened because most pop songs use a handful of similar chords. "It is my belief that most pop songs are built on building blocks that have been freely available for hundreds of years."

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