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SYDNEY, Oct 20 (Reuters) - Australia's biggest health insurer said on Thursday a criminal had apparently stolen customers' medical information as part of a massive breach of data, fuelling concern about a wave of high-profile cyber attacks. The company did not say how many of its 4 million customers were likely to have been affected but warned the number was likely to rise. 2 telco Optus, owned by Singapore Telecommunications Ltd (STEL.SI), revealed a month ago that data of up to 10 million customers may have been stolen. read moreUntil now, most public commentary has focused on the risk that hackers would use stolen data to access bank accounts. Larger Optus rival Telstra Corp Ltd (TLS.AX) has disclosed a small breach of employee data, while No.
Michael Dell's family office is merging with merchant bank BDT to form a new investment and advisory firm. Back in 2008, when he was still working at Goldman Sachs, Trott was publicly praised by Warren Buffett, whose distaste for M&A bankers — and Goldman Sachs — is notorious on Wall Street. "Byron is the rare investment banker who puts himself in his client's shoes," Buffett said in a letter to investors. The combination, the companies said on Thursday, "will create the preeminent advisory and investment firm serving the distinct needs of family- and founder-led business owners and strategic, long-term investors." Here's how Trott, a Midwest native, went from a small-town football player to an investment banker advising billionaires:
Blackstone has some money to lendBlackstone, the world's largest private-equity firm and a big fan of warehouses, reported earnings on Thursday. By comparison, back in the good ole days (see: Q3 2021), Blackstone reported a profit of $1.4 billion. Blackstone reported its private credit unit was up 3% in the third quarter and 9.3% over the past 12 months. To read more about Blackstone's push into private credit, click here. A Fed president spoke somewhere that a Fed president shouldn't really be speaking, The New York Times reported.
In the next Congress, white men will also lead the House GOP campaign arm, the National Congressional Campaign Committee (NRCC), and occupy other lower-tier leadership spots. The highest leadership post that Republican women or minorities have reached is chair of the GOP Conference — the No. She's expected to remain the highest-ranking GOP woman in the whole of the next Congress as well, given that white men make up all but one member of the Senate GOP leadership team. Eighty GOP women are running for House seats in these midterms. For his part, Donalds, whom Trump once called a “rising star,” has not made diversity a central part of his campaign for conference chair.
1 has held talks with Coca-Cola Co (KO.N) about steps the soda giant could take to ramp up recycling of its cans and bottles, a source familiar with the matter told Reuters on Tuesday. 1 partner responsible for getting three seats at Exxon, brought the Coca-Cola idea to Engine No. 1 from Jana Partners where he had been researching it, another source told Reuters. 1 has suggested a partnership between Coca-Cola and garbage collection and recycling company Republic Services Inc (RSG.N), in which Engine No. Coca-Cola and Republic did not respond to Reuters requests for comment.
The entrance to the headquarters of Monte dei Paschi di Siena (MPS), the oldest bank in the world, in Siena, Italy, August 11, 2021. Rome failed to meet an initial EU deadline when talks to sell MPS to UniCredit (CRDI.MI) collapsed a year ago. One of the sources said UniCredit and Banco BPM are still seen in Rome as the best options for MPS. Investor commitments cover more than half of the up to 900 million euro portion of MPS's share sale that will not be funded by the state. Five years after spending 5.4 billion euros to rescue MPS Italy is having to pump another 1.6 billion euros into the bank.
Oct 18 (Reuters) - Drugmaker Eli Lilly and Co (LLY.N) will acquire genetic medicine developer Akouos Inc (AKUS.O) in a cash deal worth about $487 million. Lilly will also pay Akouos' shareholders an additional amount of about $610 million contingent on certain events related to its trials. Register now for FREE unlimited access to Reuters.com RegisterReporting by Leroy Leo in Bengaluru; Editing by Shinjini GanguliOur Standards: The Thomson Reuters Trust Principles.
The logo of Toshiba Corp is displayed atop of the company's facility building in Kawasaki, Japan, June 24, 2022. JIP's initial offer was below 6,000 yen per share, the two sources told Reuters, putting the value of a potential tender offer at less than 2.6 trillion yen ($17.5 billion). Investors have considered 6,000 yen to be a key threshold. During a strategic review last year, at least one global private equity firm told Toshiba's review committee that a deal to take the conglomerate private could be done at 6,000 yen a share or more. In Japan, the court-led rehabilitation of auto parts supplier Marelli Holdings Co Ltd - owned by U.S. private equity firm KKR & Co Inc (KKR.N) - has turned banks cautious about terms for financing leveraged buyouts, private equity sources said.
1 has taken a small stake in Coca-Cola Co (KO.N) and is pushing the soda giant to ramp up its efforts to recycle more of its cans and bottles, newly launched global news platform Semafor reported on Tuesday. The investor has suggested a partnership between Coca-Cola and garbage collection and recycling company Republic Services Inc (RSG.N), in which Engine No. 1 holds a stake, the report said, adding that Coke executives have reached out to Republic. Coca-Cola, Engine No. Register now for FREE unlimited access to Reuters.com RegisterReporting by Uday Sampath in Bengaluru; Editing by Shinjini GanguliOur Standards: The Thomson Reuters Trust Principles.
Meta said it would accept the Competition and Markets Authority's (CMA) order to unwind the 2020 deal. "We are disappointed by the CMA's decision but accept today's ruling as the final word on the matter," a Meta spokesperson said in a statement. Meta appealed the ruling, but a tribunal upheld the CMA's decision on five out of six grounds in June. The CMA said it had considered new submissions from Meta and Giphy and additional evidence since the appeal, but had not changed its view. Register now for FREE unlimited access to Reuters.com RegisterReporting by Paul Sandle; editing by William James and Bernadette BaumOur Standards: The Thomson Reuters Trust Principles.
SummarySummary Companies Star's Sydney casino license to be suspended on Oct. 21Manager appointed for Sydney casino for 90 daysFine after Star failed to prevent money laundering, criminal activityStar fined $62 million as part of disciplinary actionSYDNEY, Oct 17 (Reuters) - Australia's Star Entertainment Group (SGR.AX) said on Monday a regulator-appointed manager would be stepping in to run its Sydney casino after an investigation by an independent commission found it had failed to prevent money laundering and criminal activity. The firm was fined A$100 million ($62 million) by the New South Wales Independent Casino Commission (NICC), which also suspended its license to operate the casino in Sydney, effective Oct. 21, Star said in a statement. Register now for FREE unlimited access to Reuters.com RegisterThe suspension period will be crucial for Star to prove its merit to hold a casino license. Weeks' authority as a manager of Star's assets are limited to the operational needs of the casino. Australia's gambling industry has been in the spotlight in recent years, with public inquiries lashing its biggest casino operators due to lapses in money laundering protections.
SYDNEY, Oct 17 (Reuters) - Australian casino firm Star Entertainment Group (SGR.AX) was fined A$100 million ($62 million) on Monday following an independent inquiry which found it failed to prevent money laundering and criminal activity in its Sydney casino. The New South Wales Independent Casino Commission (NICC) also cancelled Star's licence to operate the Sydney casino effective Friday, and will appoint a person to manage the casino pending the return of its licence. "The appointment of the manager means that the Star Casino will remain open and all staff will remain employed," NICC Chief Commissioner Philip Crawford said during a media conference. The decision to slap Star with the maximum fine possible comes on the first day on the job for Star's new chief executive, Robbie Cooke. Australia's gambling industry has been in the spotlight in recent years, with public inquiries lashing its biggest casino operators due to lapses in money laundering protections.
With Europe seeing an explosion of visitors a year after Covid travel restrictions dropped, incidents of visitors behaving badly in Italy show no sign of abating. Think that’s bad? Meanwhile in Venice, tourists routinely swim in the UNESCO-protected canals, which double as the city’s sewer system. “Tourists don’t know how to relate to the artistic heritage because they have no relation with our history – so they refer to their cultural imagination, and therefore to our cinema. “So many tourists have said to me over the years, ‘In Italy there are no rules.’ But they are mistaken.
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Billionaire media mogul Byron Allen has paid $100 million for a Malibu estate formerly owned by self-storage billionaire Tammy Hughes Gustavson, according to a person familiar with the situation. The deal represents the most ever paid for a home by an African-American buyer in the U.S. and is one of the highest prices paid for a U.S. home this year. The roughly 11,000-square-foot compound, built around 2000 and located in the sought-after Paradise Cove enclave, has been on the market since May, when it was listed for $127.5 million, The Wall Street Journal reported. It sits on about 3.5 acres on a bluff overlooking the Pacific Ocean and is directly adjacent to a roughly $190 million compound owned by WhatsApp co-founder Jan Koum.
Employers are more open to new ways of finding and evaluating job candidates, and those that move swiftly in this direction will build more resilient teams. Broader talent poolWhen employers use degrees as a proxy for skills, they miss out on half of the workforce, as Opportunity@Work’s research has shown. LinkedIn data suggests that certain industries – like professional services, finance and tech – are some of the hardest sectors for workers without bachelor’s degrees to break into. It can also spur greater diversity, since 61% of Black workers, 55% of Hispanic workers, 66% of rural workers and 61% of veteran workers have in-demand skills but not bachelor’s degrees. Recognizing the diverse ways skills are acquired and adopting a skills-first approach to talent will bring greater transparency, efficiency and equity to the labor market, making it easier for anyone from anywhere to achieve anything.
SYDNEY, Oct 11 (Reuters) - A union representing Australian employees of iPhone maker Apple Inc (AAPL.O) voted to strike due to lack of progress on wage negotiations, a union official said on Tuesday. In Australia, Apple set off a round of union talks by proposing in August a new set of locked-in wage rises and conditions. The RAFFWU and two other unions went to an industrial arbiter in September seeking more time to negotiate, which was granted, the unions and Apple have said. RAFFWU-represented workers in most Australian Apple stores would strike but the impact would be strongest in outlets with more representation, Cullinan said. Apple says its minimum pay rates are 17% above the industry minimum and that full-time workers get guaranteed weekends.
SYDNEY, Oct 11 (Reuters) - Two Australian regulators said on Tuesday they have opened investigations into Optus, the country's No. 2 telecoms provider, after a breach of its systems resulted in the theft of personal data from up to 10 million accounts. The agency added that it finds there was a breach of Australian privacy law, it can seek civil penalties of up to A$2.2 million ($1.4 million) per contravention. Australian Competition and Consumer Commission Chair Gina Cass-Gottlieb told a parliamentary hearing the regulator was receiving 600 calls a day from people concerned about the Optus breach, although few had been scammed as a result. ($1 = 1.5881 Australian dollars)Register now for FREE unlimited access to Reuters.com RegisterReporting by Byron Kaye; Editing by Edwina GibbsOur Standards: The Thomson Reuters Trust Principles.
WASHINGTON, Oct 11 (Reuters) - An FBI agent will testify on Tuesday in the trial of the founder of the anti-government Oath Keepers group and four others accused of plotting to use force on Jan. 6, 2021, to stop Congress from certifying President Joe Biden's election victory. FBI Special Agent Byron Cody will resume testifying about evidence the government gathered for the case, including a series of inflammatory texts, speeches and online posts by Oath Keepers founder Stewart Rhodes. A pro-Trump mob charged into the U.S. Capitol on Jan. 6 and attacked police, but failed to prevent lawmakers from certifying Biden's victory. Prosecutors this week are expected to call two more FBI agents to testify in the trial, as well as Ernest Hancock, an Arizona-based podcaster. Rhodes is expected to take the stand in his own defense later in the trial.
Billionaire media mogul Byron Allen has paid $100 million for a Malibu estate formerly owned by self-storage billionaire Tammy Hughes Gustavson, according to a person familiar with the situation. The deal represents the most ever paid for a home by an African-American buyer in the U.S. and is one of the highest prices paid for a U.S. home this year. The roughly 11,000-square-foot compound, built around 2000 and located in the sought-after Paradise Cove enclave, has been on the market since May, when it was listed for $127.5 million, The Wall Street Journal reported. It sits on about 3.5 acres on a bluff overlooking the Pacific Ocean and is directly adjacent to a roughly $190 million compound owned by WhatsApp co-founder Jan Koum.
Sept 29 (Reuters) - The Australian Federal Court has dismissed a petition by the country's corporate regulator against Commonwealth Bank of Australia (CBA.AX) and its pension unit on allegations of improperly collecting commissions, the regulator said. However, the dismissal of this petition by the court is a blow to consumer advocates who wanted tougher regulation, and also absolves CBA of some of the most damaging allegations aired at the inquiry. The regulator said on Thursday that the court found that the payments made by Colonial to CBA did not constitute benefits within the definition of "conflicted remuneration". CBA in an emailed response to Reuters acknowledged the judgement, but refrained from commenting any further. ($1 = 1.5420 Australian dollars)Register now for FREE unlimited access to Reuters.com RegisterReporting by Sameer Manekar and Byron Kaye; Editing by Rashmi AichOur Standards: The Thomson Reuters Trust Principles.
Register now for FREE unlimited access to Reuters.com RegisterAn Optus representative was not immediately available to respond to Jones's comments. Optus has apologised for the breach and said it would pay for the most affected customers to receive credit monitoring for a year. Optus and law enforcement authorities have not verified the demand, although cybersecurity experts say it was most likely authentic. The stolen data included passport numbers, drivers licence numbers, government health insurance numbers, phone numbers and home addresses, prompting commentators and lawmakers to demand replacement documents. 3 internet provider TPG Telecom Ltd (TPG.AX), which has about 6 million customers.
Online gambling has also been the focus of inquiries, but with its increasing prevalence, the government has answered consumer advocates with a pledge to take a deeper look. Australia overtook Britain, which has nearly three times its population, to rank third by online loss, behind the United States and Japan, said H2. The new centre-left federal government this month said it will hold a parliamentary inquiry into online gambling, though some recommendations of a 2015 inquiry are yet to take effect. "At their fingertips they have 24-hour access to gambling online. Wareham, the coffee technician, said he no longer uses poker machines and that family responsibilities help him control his online betting.
Francois Savary, chief investment officer at Prime Partners SA, a Swiss wealth manager with around $4.1 billion of assets, says it is difficult for investors to avoid China exposure. Indus Capital Partners, a New York-based investment manager, started to reduce exposure in China in pan-Asian funds in 2021, but has since returned. Greater China exposure in its $1.37 billion long-only fund, Indus Select, has increased modestly. Some fund managers think Xi wants to quickly get back to the business of supporting the economy. "Investors are just in this 'wait and see' mode to get more clarity that stronger growth can be achieved," said St Clair.
2 mobile operator, said last week that data of up to 10 million customers including home addresses, drivers' licenses and passport numbers had been compromised in one of Australia's biggest data breaches. The Australian federal government has blamed Optus for the breach, flagged an overhaul of privacy rules and higher fines, and suggested the company had "effectively left the window open" for hackers to steal data. Minister For Cyber Security Clare O'Neil said she was "incredibly concerned ... about reports that personal information from the Optus data breach, including Medicare numbers, are now being offered for free and for ransom", referring to the government's health insurance scheme. Optus Chief Executive Kelly Bayer Rosmarin said the incident had generated "a lot of misinformation" and the company took data protection seriously. "The Optus data has been stolen, and we can't trust this person.
A woman uses her mobile phone as she walks past in front of an Optus shop in Sydney, Australia, February 8, 2018. Optus Chief Executive Kelly Bayer Rosmarin said there was lot of "misinformation out there". Rosmarin said Optus had briefed authorities after the government's initial review of the incident. Stolen data posted in an online forum has been deleted and hackers have apologised to Optus, the reports said. Australia's Council Of Financial Regulators, which includes the central bank, on Tuesday said its members have been working together in response to the cyber attack.
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