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☆ Glass Lewis backs two of Icahn's nominees for Illumina
▼ + stars: | 2023-05-11 | by ( ) www.reuters.com time to read: +2 min

May 10(Reuters) - Proxy adviser Glass Lewis said on Wednesday Illumina Inc (ILMN.O) shareholders should vote for two of Carl Icahn's nominees to the firm's board, as representatives who can challenge the current board would be beneficial to the company. Glass Lewis added shareholders should vote against the re-election of the current chief Francis deSouza and chair John Thompson, saying they had enough reasons to advocate for a new chair. Icahn, who owns 1.4% of Illumina, began a boardroom battle at the gene sequencing company in March. Glass Lewis said in a report it recommends shareholders support Icahn's nominees, Vincent Intrieri and Andrew Teno, adding the company's $7.1 billion acquisition of cancer-testing firm Grail had been a "costly, distracting, value-crimping millstone" for Illumina. However, it did not extend support to Icahn's third candidate, Jesse Lynn, adding that election of all three candidates was not needed.

☆ What King Charles' coronation means for the UK economy
▼ + stars: | 2023-05-03 | by ( Hanna Ziady | ) edition.cnn.com time to read: +8 min

But the UK economy as a whole could suffer as workers take an extra day’s holiday. John Lewis' Coronation Lewis Bear. John Lewis & PartnersDepartment store John Lewis has had to limit in-store purchases of its Coronation Lewis Bear to two per household, and the teddy is out of stock online. For the coronation, UK luxury brands “have procured unique merchandise at all levels of the economy and we’re seeing people buying it, particularly Americans and EU customers,” she added. (The coronation holiday will be the third holiday Monday this month.)

John Barber, who was chair of 1,700-lawyer Lewis Brisbois' employment practice, said as many as 140 lawyers could eventually join the new firm, Barber Ranen. He said about 60 Lewis Brisbois lawyers are slated to join as partners. Los Angeles-founded Lewis Brisbois did not immediately respond to a request for comment on Tuesday. A 32-lawyer cybersecurity group left Lewis Brisbois to join Constangy, Brooks, Smith & Prophete in several cities in January. Read More:Partner group leaves Lewis Brisbois to launch new law firm44-member Lewis Brisbois cybersecurity team jumps to Constangy firmOur Standards: The Thomson Reuters Trust Principles.

(Reuters) - A group of at least eight partners has left law firm Lewis Brisbois Bisgaard & Smith, including national labor and employment chair John Barber, to start a new firm. Barber and seven other labor and employment lawyers based in California have left Lewis Brisbois, a firm spokesperson confirmed Monday. Lewis Brisbois co-chairman Bob Smith said in the Sunday statement the firm thanks the lawyers and wishes them well. Lewis Brisbois in February hired a new cybersecurity group, poaching six attorneys from Wilson Elser Moskowitz Edelman & Dicker including co-chair Robert Walker. Read more:44-member Lewis Brisbois cybersecurity team jumps to Constangy firmLaw firm Lewis Brisbois hires cybersecurity co-chair after group departureOur Standards: The Thomson Reuters Trust Principles.

CNN —The World Health Organization warned Tuesday of a “huge biological risk” after Sudanese fighters seized the National Public Health Laboratory in the capital Khartoum, as foreign nations raced to mount rapid evacuation efforts from the country and violence punctured a fragile US-brokered ceasefire. Seized laboratory a potential ‘germ bomb’A high-ranking medical source told CNN that the lab, which contains samples of diseases and other biological material, had been taken over by RSF forces. Navy PhotoAs many as 500 people fleeing the fighting have begun boarding the French frigate “Lorraine” in Port-Sudan on Tuesday afternoon, a spokesman for the French Chief of Defense Staff told CNN. “Shops are running out of food completely” and several food factories in the state had been looted, the witness, who asked to remain anonymous for security reasons, told CNN. On Monday, the Sudanese military claimed that the RSF killed an Egyptian diplomat, while the RSF claimed the army targeted civilians in an airstrike on a Khartoum neighborhood.

☆ Where New York’s Asian Neighborhoods Shifted to the Right
▼ + stars: | 2023-03-05 | by ( Jason Kao | ) www.nytimes.com time to read: +15 min

In last year’s governor’s election, voters in Asian neighborhoods across New York City sharply increased their support for Republicans. And predominantly Asian areas — precincts with a majority of eligible Asian voters — have undergone a pivotal shift. Detail area Detail area Detail area Detail area Detail area Detail area Note: The precinct in Kensington is mostly Indian and Bangladeshi. Detail area Detail area Detail area Detail area Detail area Detail area Flushing, 2022 Murray Hill Bayside Flushing Northern Blvd. Detail area Detail area Detail area Detail area Detail area Detail area state senate race Bensonhurst Sunset Park McDonald Ave. 65th St. New Utrecht Ave. 8th Ave.

☆ Trump risks 'hush money' charges carrying up to 4 years in prison, say ex-Manhattan prosecutors
▼ + stars: | 2023-01-31 | by ( Laura Italiano | ) www.businessinsider.com time to read: +6 min

Trump's Stormy Daniels "hush money" is the subject of a Manhattan grand jury, The NY Times reports. Ex-Manhattan financial crimes prosecutors say Trump risks felony-level state records-fraud charges. The first requirement to proving the highest level of falsifying business records would be showing that records were indeed falsified in the business records of an enterprise. Cohen has admitted being the bag man who delivered $130,000 in "hush money" on the brink of the 2016 election. Each check could be a separate "falsifying business records" charge, Moscow said.

Musk's comments add to a long-running debate over whether such advisers have too much sway over corporate decision-making. Academic reviews have found mixed evidence about the proxy advisers’ impact. U.S. Republican state officials have also weighed in, writing to the two advisory firms asking if their recommendations met their obligations to investors. Contrary to Musk, however, Republicans at the state and national level have also charged top passive fund managers themselves have grown too aggressive with their proxy votes, a claim fund managers deny. Tesla has faced its own disagreements with the proxy advisers.

☆ Allen Weisselberg could get more time since the Trump Org guilty verdict required jurors to find he lied
▼ + stars: | 2022-12-17 | by ( Laura Italiano | ) www.businessinsider.com time to read: +10 min

A judge could rule Weisselberg violated the deal because jurors, by their verdict, found he lied. He has been promised a five-month jail sentence as part of his August plea deal. But that deal required Weisselberg, 75, to testify truthfully against former President Donald Trump's real-estate company, where he's worked since the 1970s. "Weisselberg says over and over, 'I, together with the Trump Organization,'" Florence, now in private practice, noted of his guilty plea. Trump Organization lawyers have already promised to appeal the verdict itself.

☆ Liberians protest over economic hardship and president's absence
▼ + stars: | 2022-12-17 | by ( Alphonso Toweh | ) www.reuters.com time to read: +2 min

[1/2] President of Liberia George Weah arrives to address the 77th Session of the United Nations General Assembly at U.N. Headquarters in New York City, U.S., September 22, 2022. REUTERS/Mike SegarPAYNESVILLE, Liberia, Dec 17 (Reuters) - More than a thousand people joined a demonstration in a suburb of Liberia's capital on Saturday, protesting over economic hardships and President George Weah's prolonged absence from the country. Lewis Brown, a prominent Liberian politician who served in the cabinets of former presidents Ellen Johnson Sirleaf and Charles Taylor, was the event's main organiser. "Too many people in this country are suffering, cannot pay rent, cannot pay school fees," Brown said as she addressed the crowd. Reporting by Alphonso Toweh; Additional reporting by Carielle Doe; Writing by Cooper Inveen;Our Standards: The Thomson Reuters Trust Principles.

☆ Sam Bankman-Fried's story keeps getting wilder and weirder as details emerge from his past and more people speak out.
▼ + stars: | 2022-12-16 | by ( Phil Rosen | ) www.businessinsider.com time to read: +7 min

The more details that emerge, the more I feel like this is going to make a great Michael Lewis book (and movie) one day. Among the highlights from his testimony include his assertion that the crypto market is "the largest Ponzi scheme in history." In other news:Federal Reserve Chairman Jerome Powell speaks at a news conference following a Federal Open Market Committee meeting, Wednesday, Nov. 2, 2022, in Washington. A top FTX exec blew the whistle on Sam Bankman-Fried's moves just two days before the crypto exchange collapsed. Morgan Stanley's Mike Wilson said the stock market could fall further in 2023.

☆ This Etsy seller booked more than $100,000 in sales in one quarter last holiday season. Here's how she budgets to prepare for the rush.
▼ + stars: | 2022-12-08 | by ( Alexandra York | ) www.businessinsider.com time to read: +6 min

That inspired her to create her own original crayons and start selling them on Etsy in 2007. Her business, Art 2 the Extreme, quickly turned from hobby to side-hustle to full-time career over the past 15 years. Lewis also hires photographers and videographers to help with photoshoots and other marketing tasks. Aside from Etsy marketing, Lewis aims to create other strategic partnerships to keep her costs down. She said that third-party marketing has been life-changing for her business because it expands her audience beyond Etsy shoppers.

☆ After Trump Org tax-fraud conviction, will Trump only get a slap on the wrist or could he face new NY charges?
▼ + stars: | 2022-12-07 | by ( Laura Italiano | ) www.businessinsider.com time to read: +4 min

NY law limits the penalties Trump faces to $250K per tax count and $10K per crime. But the conviction could embolden the Manhattan DA's office to pursue more cases against the former president and his company, insiders say. The tax-fraud case against the Trump Organization has been that probe's only indictment to date. That victory — and the apparent willingness of Manhattan residents to hit hard — may embolden the DA's office to go after Trump himself. "He has 500 subsidiaries" he said of the Trump Organization.

☆ An Iranian patrol vessel tried to blind the bridges of US Navy ships sailing through the Strait of Hormuz, US military says
▼ + stars: | 2022-12-06 | by ( Jake Epstein | ) www.businessinsider.com time to read: +2 min

An Iranian vessel tried to blind the bridges of US Navy ships on Monday, CENTCOM said. Two US Navy ships were conducting a routine crossing through the Strait of Hormuz. The Islamic Revolutionary Guard Corps Navy patrol boat crossed within 150 yards of the ships at night. "The Iranian vessel attempted to blind the bridge by shining a spotlight and crossed within 150 yards of the US ships — dangerously close, particularly at night," CENTCOM said, adding that the US Navy ships were conducting a routine crossing in international waters. In late November, the US Navy said an Iranian-made suicide drone was used in an attack on a commercial tanker while it was sailing in the Northern Arabian Sea.

☆ U.S. Navy intercepts fishing boat smuggling ammunition in Gulf of Oman
▼ + stars: | 2022-12-03 | by ( ) www.reuters.com time to read: 1 min

CAIRO, Dec 3 (Reuters) - The U.S. Navy's Fifth Fleet said on Saturday it had intercepted a fishing trawler smuggling "more than 50 tonnes of ammunition rounds, fuses and propellants for rockets" in the Gulf of Oman along a maritime route from Iran to Yemen on Dec. 1. "Navy personnel operating from expeditionary sea base USS Lewis B. Puller (ESB 3) discovered the illicit cargo during a flag verification boarding, marking U.S. 5th Fleet’s second major illegal weapons seizure within a month," it added in a statement. Reporting by Enas Alashray and Yomna Ehab; Editing by Toby ChopraOur Standards: The Thomson Reuters Trust Principles.

The S&P is 10.6% above its Oct. 12 closing low for 2022, though still down 17% for the year. "If you're sitting in cash and the market rallies, you might think you were greedy waiting for a bigger discount." Institutional investors' exposure to stocks was low going into Thursday's inflation report. Last month's fund manager survey from BofA Global Research showed investors' cash levels at their highest since April 2001. Lewis said he had not seen so-called real money – a term for mutual funds, pension funds and other non-leveraged market investors – participating in Thursday's rally, though he saw no evidence of selling from that cohort, either.

☆ Raphael Warnock delivers a personal address at hometown rally in Savannah, while zinging Herschel Walker as tight race nears: 'We're on a different field today'
▼ + stars: | 2022-11-07 | by ( John L. Dorman | ) www.businessinsider.com time to read: +5 min

Raphael Warnock on Sunday energized an upbeat crowd at a rally in his hometown of Savannah, Georgia. Days before the November general election, Warnock's return was met with pride from attendees. "He's doing a really great for us in the two years that he's had up there," Westbrook told Insider. When asked about Warnock's influence in Savannah, Westbrook said there's "a lot of pride" in the senator's trajectory. But he also pivoted to railing against Walker, praising his football career but saying that the election was being fought "on a different field today."

☆ Jerry Lee Lewis, rock ’n’ roll pioneer who sang ‘Great Balls of Fire,’ dies at 87
▼ + stars: | 2022-10-28 | by ( Brandon Griggs | ) edition.cnn.com time to read: +7 min

And I’ve been on one all my life,” Lewis said in “Jerry Lee Lewis: His Own Story,” a 2014 biography by Rick Bragg. Jerry Lee Lewis performs on stage at the Country Music Festival held at Wembley Arena, London in April 1982. In 1989 “Great Balls of Fire!”, a biopic starring Dennis Quaid as Lewis, brought new attention to Lewis’ life and music. Jerry Lee Lewis speaks at the Country Music Hall of Fame 2022 inductees presented by CMA at Country Music Hall of Fame and Museum on May 17, 2022 in Nashville, Tennessee. Well, forget about it, let me hear that song.’”Lewis is survived by his wife, Judith Coghlan Lewis, his children Jerry Lee Lewis III, Ronnie Lewis, Pheobe Lewis and Lori Lancaster, sister Linda Gail Lewis, cousin Swaggart and many grandchildren, nieces and nephews, according to his representative’s statement.

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