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Australia was one place where his music had found an audience, and in 1979 he was invited to tour there. He returned in 1981 for a few shows with the band Midnight Oil and released a live album in Australia. He seemed to have no idea how popular he was there, especially among white South Africans uncomfortable with apartheid and the country’s rigidly conservative culture. He joined forces with Craig Bartholomew-Strydom, a journalist who was also searching for Rodriguez, and eventually they found the singer, still living in Detroit. A 1998 tour of South Africa followed, with Rodriguez playing six sold-out shows at 5,000-seat arenas.
Persons: , ” Stephen Segerman, you’d, Simon, Garfunkel, Rodriguez, , Segerman, Craig Bartholomew, Strydom Organizations: Oil, Cape Town, Beatles, Sunday Telegraph Locations: Detroit, Australia, South Africa, Britain
[1/2] Musician Robbie Robertson arrives for the gala presentation of his biopic "Once Were Brothers: Robbie Robertson and The Band" on opening night at the Toronto International Film Festival (TIFF) in Toronto, Ontario, Canada September 5, 2019. The Band included four Canadians - Robertson, Rick Danko, Garth Hudson and Richard Manuel - and was anchored by an Arkansas drummer, Levon Helm. Robbie Robertson later learned that his biological father was a man he described as a "card shark" of Jewish heritage named Alex Klegerman, who was killed in a highway hit-and-run accident before Robertson was born. Danko died at age 55 in 1999. Helm died of throat cancer in 2012.
Persons: Robbie Robertson, Mario Anzuoni, Robertson, Jared Levine, Robbie, Rick Danko, Garth Hudson, Richard Manuel, Levon Helm, Ronnie Hawkins, Bob Dylan, Martin Scorsese's, Helm, Danko, Manuel, Greil Marcus, Eric Clapton, Elton John, Walcott, Jaime Royal Robertson, Rosemarie Dolly Chrysler, Canadian Army enlistee, Jim Robertson, Alex Klegerman, Dylan, Clapton, Joni Mitchell, Neil Young, Van Morrison, Muddy Waters, Scorsese, Jodie Foster, Hudson, Matthew Lewis, Kanishka Singh, Diane Craft, Rosalba O'Brien Organizations: Toronto, Film, REUTERS, Canadian -, Hawks, Big, Beatles, Walcott Medicine, Canadian Army, Six Nations Indian Reserve, Canadian Broadcasting, Thomson Locations: Toronto , Ontario, Canada, Canadian - American, Los Angeles, Arkansas, Woodstock , New York, San Francisco, America, Toronto, Canadian, Mohawk, Cayuga, Ontario, Florida, Chicago, Washington
China Coast Guard/Handout via REUTERSMANILA, Aug 9 (Reuters) - Philippine President Ferdinand Marcos Jr on Wednesday denied making an agreement with China to remove a grounded warship that serves as a military outpost in South China Sea, and said if there ever were such a deal, it should be considered rescinded. China on Monday accused the Philippines of reneging on a promise made "explicitly" to remove the ship, which was grounded in 1999 to bolster its territorial claims in one of the world's most contested areas. Jonathan Malaya, National Security Council assistant director general, earlier challenged China to produce evidence of the promise. China and the Philippines have been embroiled for years in on-off confrontations at the shoal, the latest on Saturday. China has built militarised, manmade islands in the South China Sea and its claim of historic sovereignty overlaps with the EEZs of the Philippines, Vietnam, Malaysia, Brunei and Indonesia.
Persons: Ferdinand Marcos Jr, Thomas Shoal, I'm, Marcos, Jonathan Malaya, Thomas, Jay Batongbacal, Neil Jerome Morales, Karen Lema, Martin Petty Organizations: Coast Guard, China Coast Guard, REUTERS, National Security Council, Philippines, China, South China, University of the, Thomson Locations: Philippine, REUTERS MANILA, China, South China, Philippines, Sierra, Manila, reneging, China's, Sierra Madre, Malaya, South, Thomas Shoal . China, Vietnam, Malaysia, Brunei, Indonesia, University of the Philippines
Italian bank tax flip-flop leaves lasting scars
  + stars: | 2023-08-09 | by ( ) www.reuters.com   time to read: +2 min
LONDON, Aug 9 (Reuters Breakingviews) - The Italian government has raced to soothe bank investors spooked by its ill-thought-out bank windfall tax. The government has now said that the levy will be capped at 0.1% of total assets. If so, and applied to banks’ Italian businesses, then the total haul would be just under 2 billion euros, according to UBS. Still, bank shares have only partially recovered. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.
Persons: tanking, Siena, That’s, Giorgia Meloni, Neil Unmack, Francesco Guerrera, Streisand Neto Organizations: Reuters, Banca Monte dei, UBS, Banca, Banco, Twitter, Siemens, Thomson
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Persons: Dow Jones, neil
Some of these bots have been helpful because they send users to sources of original content online. The most active one is probably Googlebot, which automatically collects web information so Google can later rank and serve it up in Search results. It's called GPTbot and it's being used to scrape and collect online content for AI model training. So what is Clarke's advice for other online content creators when it comes to GPTbot? What is the incentive that OpenAI offers to have these content creators allow GPTbot to crawl and scrape their sites?
Persons: OpenAI, Prasad Dhumal, Neil Clarke, Clarkesworld, Clarke, I've, hasn't Organizations: Morning, Twitter, OpenAI, Associated Press
Abrdn’s turnaround is a work in progress
  + stars: | 2023-08-08 | by ( ) www.reuters.com   time to read: +2 min
REUTERS/Dado Ruvic/Illustration/File PhotoLONDON, Aug 8 (Reuters Breakingviews) - Abrdn’s (ABDN.L) machine is firing on two of its three cylinders. The latter two units are growing, but the stock-picking arm – once Abrdn’s core business – needs more attention. The 1.5 billion pound deal, which closed last year, boosted Abrdn’s exposure to the business of managing savings. Since some of that windfall will disappear when rates fall, Bird needs to speed up his turnaround of Abrdn’s core funds business. The 3.9 billion pound company’s turnaround has a long way to go.
Persons: Dado Ruvic, Stephen Bird, Hargreaves, Bird, Neil Unmack, Peter Thal Larsen, Oliver Taslic Organizations: REUTERS, Reuters, Interactive, Twitter, Siemens, Thomson
Michael Billington, a theater critic for The Guardian, had criticized the outgoing director, Adrian Noble, for “attempting to create a revolution within the R.S.C. Mr. Boyd, The Guardian said in summarizing his decade of leadership, presided “over a spectacular financial and architectural turnaround.”In announcing in 2011 that he was stepping away, he said the job had begun to wear on him. He continued to direct notable productions, including “Tamburlaine, Parts I and II,” the Christopher Marlowe classic, for Theater for a New Audience in New York in 2014. It’s a bloody tale from 1587 about the warrior Tamburlaine, and Mr. Boyd didn’t hold back; the show used 144 gallons of stage blood a week. For one effect, blood was pumped from beneath the stage so that it would creep up the skirt of a particular character.
Persons: Michael Billington, Adrian Noble, ” Mr, Boyd, “ I’ve, , , Christopher Marlowe, Boyd didn’t Organizations: Barbican Center, The Guardian, Armory, Guardian, Birmingham Evening, Theater Locations: London, Stratford, Avon, Manhattan, New York
[1/2] U.S. President Joe Biden holds up a ghost gun kit while announcing new measures by his administration to fight ghost gun crime at the White House in, Washington, U.S., April 11, 2022. REUTERS/Kevin Lamarque/File PhotoAug 8 (Reuters) - The U.S. Supreme Court on Tuesday granted a request by President Joe Biden's administration to reinstate - at least for now - a federal regulation aimed at reining in privately made firearms called "ghost guns" that are difficult for law enforcement to trace. A Reuters/Ipsos poll completed on Tuesday found that 70% of Americans support requirements that ghost guns have serial numbers and be produced only by licensed manufacturers. There were about 20,000 suspected ghost guns reported in 2021 to the ATF as having been recovered by law enforcement in criminal investigations - a tenfold increase from 2016, according to White House statistics. Biden's administration on July 27 asked the justices to halt O'Connor's ruling that invalidated a Justice Department restriction on the sale of ghost gun kits while it appeals to the New Orleans-based 5th U.S.
Persons: Joe Biden, Kevin Lamarque, Joe Biden's, District Judge Reed O'Connor, John Roberts, Amy Coney Barrett, Clarence Thomas, Samuel Alito, Neil Gorsuch, Brett Kavanaugh, O'Connor, Sellers, Alito, Andrew Chung, Will Dunham Organizations: White, REUTERS, U.S, Supreme, District, Conservative, Control, Bureau, Alcohol, Tobacco, Firearms, Explosives, Gun Control, Justice, Coalition, Reuters, White House, Circuit, Appeals, Firearms Policy Coalition, Constitution, Thomson Locations: Washington , U.S, Fort Worth , Texas, New Orleans, Texas, United States, U.S, New York
REUTERS/Violeta Santos MouraLONDON, Aug 8 (Reuters Breakingviews) - Altice’s debt is a bet for the bold. Patrick Drahi’s telecoms group is sitting on a $60 billion debt burden, and faces rising borrowing costs and a corruption investigation. Drahi will therefore need to sell assets to cut debt, which starts to come due in 2025. Both Altice France and Altice International are trying to sell their data centre businesses, which could raise some 700 million euros, bankers say. Yet Altice France alone has some $19 billion of debt coming due by 2029.
Persons: Patrick Drahi, Violeta Santos Moura, Patrick Drahi’s, Drahi –, Armando Pereira, Altice, Drahi, , , Pereira, Xavier Niel’s, Manuel Magalhaes e Silva, Altice International’s, Alexandre Fonseca, Neil Unmack, Oliver Taslic Organizations: French, REUTERS, Violeta Santos Moura LONDON, Reuters, Altice USA, Altice, Bouygues Telecom, Banco Espírito Santo, Public, Thomson Locations: Paris, France, Moroccan, Europe, United States, Portugal, Israel, Dominican Republic, Orange, Altice France, Banco Espírito, Portuguese, New York, London
Former Fox News host Tucker Carlson could see two of the wealthiest GOP business megadonors, Rebekah Mercer and Peter Thiel, invest in his new media company, according to people familiar with the matter. Mercer has spoken with Carlson since his April departure from Fox News about possibly investing in his as yet unnamed media company, sources told CNBC. Thiel has hinted to allies that he could invest in the venture after hearing from Carlson's side, these people added. Shortly after leaving Fox, Carlson began hosting an episodic show on X, the platform formerly known as Twitter. Rebekah Mercer and Peter Thiel have for years been separate investors in a diverse array of conservative startups.
Persons: Tucker Carlson, megadonors, Rebekah Mercer, Peter Thiel, Mercer, Carlson, Thiel, Neil Patel, Fox, Devon Archer, Joe Biden's, Hunter Biden, Archer, Hunter, Andrew Breitbart, He's, Donald Trump, Robert Mercer, haven't Organizations: Fox News, GOP, CNBC, Mercer, 1789, Fox, Dominion Voting Systems, Twitter, Wall Street Journal, Republican, Breitbart News, Wall Street, Trump, Summit Locations: Iowa
The College Board AP Psychology course contains such content.”“College Board requires educators to teach the entire curriculum for an AP course for college credit consideration,” it said, “therefore AP Psychology is no longer a potential course option for Florida students to receive college credit.”Other school districts in Florida made similar announcements. In the current fight over AP Psychology, the College Board has indicated it doesn’t plan to negotiate with Florida. That AP Psychology has even been caught in the crosshairs of the “Don’t Say Gay” law may surprise many Florida parents. In April, that plan became clearer when the Florida State Board of Education expanded its ban on instruction about sexual orientation and gender identity through the 12th grade. It was the fifth most popular AP course in the state in 2021.
Persons: Neil J, Young, , , Margo K, hasn’t, it’s, Manny Diaz Jr, wokeism, “ It’s, Ron DeSantis, Florida’s Organizations: CNN, Florida Department of Education, College Board AP, , College Board, AP, Florida Gov, Florida State, of Education, Twitter, Republican Locations: Orange County , Florida, Florida, Florida —
On Monday, at the age of 47, he won his third para track cycling world title, obliterating the rest of the field in the C1 scratch race, averaging 44kph over 60 circuits of the Chris Hoy Velodrome in Glasgow. Ten, who hails from Valencia, is writing a second chapter to a remarkable tale of sporting endeavour in the face of adversity. Before taking up cycling, he was already a three-time Paralympic gold medallist in swimming having made his debut at Atlanta in 1996 and owns three world titles in para swimming. You need to use different muscles but it didn't take much effort to swap from swimming pool to the bike." Ten, who took years to recover from his injuries, has used a specially designed bike since switching seven years ago.
Persons: Spain's Ricardo Ten Argiles, Chris Hoy, Neil Fachie, Matt Rotherham, Thomas Ulbricht, Robert Forstemann, Martyn Herman, Christopher Cushing Organizations: GLASGOW, Chris Hoy Velodrome, Atlanta, Paralympic, Reuters, UCI, Thomson Locations: Glasgow, Valencia
[1/2] U.S. President Joe Biden holds up a ghost gun kit while announcing new measures by his administration to fight ghost gun crime at the White House in, Washington, U.S., April 11, 2022. REUTERS/Kevin Lamarque/File PhotoAug 8 (Reuters) - The U.S. Supreme Court on Tuesday granted a request by President Joe Biden's administration to reinstate - at least for now - a federal regulation aimed at reining in privately made firearms called "ghost guns" that are difficult for law enforcement to trace. A Reuters/Ipsos poll completed on Tuesday found that 70% of Americans support requirements that ghost guns have serial numbers and be produced only by licensed manufacturers. There were about 20,000 suspected ghost guns reported in 2021 to the ATF as having been recovered by law enforcement in criminal investigations - a tenfold increase from 2016, according to White House statistics. Biden's administration on July 27 asked the justices to halt O'Connor's ruling that invalidated a Justice Department restriction on the sale of ghost gun kits while it appeals to the New Orleans-based 5th U.S.
Persons: Joe Biden, Kevin Lamarque, Joe Biden's, District Judge Reed O'Connor, John Roberts, Amy Coney Barrett, Clarence Thomas, Samuel Alito, Neil Gorsuch, Brett Kavanaugh, O'Connor, Sellers, Alito, Andrew Chung, Will Dunham Organizations: White, REUTERS, U.S, Supreme, District, Conservative, Control, Bureau, Alcohol, Tobacco, Firearms, Explosives, Gun Control, Justice, Coalition, Reuters, White House, Circuit, Appeals, Firearms Policy Coalition, Constitution, Thomson Locations: Washington , U.S, Fort Worth , Texas, New Orleans, Texas, United States, U.S, New York
[1/3] Aug 8, 2023; Montreal, Quebec, Canada; Caroline Wozniacki (DEN) hits a forehand against Kimberly Birrell (AUS) (not pictured) during first round play at IGA Stadium. Mandatory Credit: Eric Bolte-USA TODAY SportsAug 8 (Reuters) - Caroline Wozniacki, in her first competitive match after more than three years away to start a family, cruised by Australian qualifier Kimberly Birrell 6-2 6-2 in Montreal on Tuesday to reach the second round of the Canadian Open. Wozniacki, citing her desire to start a family with her husband, former NBA player David Lee, retired from tennis after the 2020 Australian Open. Wozniacki, the 2018 Australian Open champion, has also been given wild cards to compete in next week's Cincinnati Open and the Aug. 28-Sept. 10 U.S. Open. Also advancing to the second round in Montreal were Danielle Collins, a 6-2 6-2 winner over Ukraine's Elina Svitolina, 10th-seed Daria Kasatkina and 15th-seed Liudmila Samsonova.
Persons: Caroline Wozniacki, Kimberly Birrell, Eric Bolte, " Wozniacki, I'm, Wozniacki, Neil Diamond's, Caroline, Birrell, Vondrousova, Sherif, David Lee, Olivia, James, Dane, Serena Williams, Kim Clijsters, Victoria Azarenka, Danielle Collins, Ukraine's Elina Svitolina, Daria Kasatkina, Frank Pingue, Clare Fallon Organizations: IGA, Australian, Canadian, Wimbledon, NBA, Cincinnati, Samsonova, Thomson Locations: Montreal, Quebec, Canada, Danish, Australian, Egypt, Toronto
CNN —The Supreme Court on Tuesday agreed to freeze a lower court order that bars the government from regulating so-called ghost guns – untraceable homemade weapons – as firearms under federal law. Ghost guns are kits that a user can buy online to assemble a fully functional firearm. The rule does not prohibit the sale or possession of any ghost gun kit, nor does it block an individual from purchasing such a kit. A federal appeals court declined to put on hold two key challenged provisions of the regulation. A handful of retailers of ghost gun kits as well as a gun rights’ group also challenged the rule.
Persons: Biden, John Roberts, Amy Coney Barrett, Clarence Thomas, Samuel Alito, Neil Gorsuch, Brett Kavanaugh, Judge Reed O’Connor, Elizabeth Prelogar, ” Prelogar, ” David Thompson, O’Connor, ” O’Connor Organizations: CNN, Alcohol, Tobacco, Firearms, Explosives, United States, Court, Northern, Northern District of, Supreme, ” “, ATF, Control Locations: Northern District, Northern District of Texas, Texas
BEIJING/MANILA, Aug 7 (Reuters) - China told the Philippines on Monday to remove its grounded warship from the Second Thomas Shoal in the South China Sea after blocking two Manila supply ships with water cannons over the weekend as both sides asserted their claims of the area. The Philippines in 1999 intentionally grounded the warship to stake its claim to the Second Thomas Reef, a submerged reef that is part of the Spratly islands in the South China Sea. China over the weekend said it had "indisputable" sovereignty of the area and urged the Philippines to stop infringing activities in this waters. Philippines President Ferdinand Marcos Jr. said on Monday that the country continued to assert its sovereignty and territorial rights despite challenges in the South China Sea. China claims sovereignty over almost the entire South China Sea and the Spratly island, which consists of many islets, reefs banks and shoals and lie in the centre of South China Sea and along major shipping lanes.
Persons: Thomas Shoal, Thomas, Ferdinand Marcos Jr, Marcos, Albee Zhang, Neil Jerome Morales Organizations: China, Thomson Locations: BEIJING, MANILA, China, Philippines, South, Manila, Philippine, Spratly, South China, Vietnam, Taiwan, Brunei, Malaysia, Beijing
All of Breen’s films seem clearly to mean something, and watching them, one’s suspension of disbelief is constantly threatened by strange directorial choices. “Pass-Thru” culminates in his darkest sequence, with Thgil — another of the messianic aliens in which Breen specializes — walking toward the horizon’s vanishing point. “Fateful Findings,” which I and many others consider Breen’s most deranged film, exemplifies the tonal stiltedness and libertarian rage that pervades his work. For many audiences the natural response to Breen’s films is laughter. Breen plays a double role, twins Cale and Cade, bestowed at birth with superhuman powers and pitted against each other with potentially world-changing consequences.
Persons: Thgil, Breen, Thgil —, , , Tommy Wiseau, Ed Wood, Wood, Cale, Cade Organizations: Media, West Coast Locations: West Hollywood, Calif, Las Vegas, Chicago
[1/2] People shop for clothes at Target retail chain in Westbury, New York, U.S., May 20, 2021. Walmart (WMT.N) and Target (TGT.N), the two biggest retailers in the United States, have set a cautious tone for the rest of the year. David Klink, senior equity analyst at Huntington Private Bank, said he saw "encouraging" signs in Amazon's results. Walmart, which reports on Aug. 17, had a better-than-expected first quarter and forecast sales to be up about 3.5% for the year. "I think that value-based retailers like Walmart and Target" will hold up better than others, he said.
Persons: Shannon Stapleton, David Klink, Neil Saunders, Joseph Feldman, Siddharth Cavale, Ananya Mariam Rajesh, Rosalba O'Brien Organizations: REUTERS, Walmart, Target, Foods, Huntington Private Bank, Amazon, Apple, Maersk, WPP, Telsey, Thomson Locations: Westbury , New York, U.S, United States, Seattle, New York, Bengaluru
Saudi’s swelling fund has scope for foreign binge
  + stars: | 2023-08-07 | by ( ) www.reuters.com   time to read: +2 min
LONDON, Aug 7 (Reuters Breakingviews) - Saudi Arabia’s big sovereign wealth fund is getting bigger. The Public Investment Fund’s assets under management swelled to 2.23 trillion riyals ($603 billion) in 2022 from 1.98 trillion riyals the year before. PIF’s international assets, which range from UK soccer club Newcastle United to struggling carmaker Lucid (LCID.O), shrank from 576 to 512 billion riyals. Still, PIF has big ambitions: it hopes to boost its total assets to a whopping 4 trillion riyals by 2025, of which 24% will be international. If so, its foreign assets could yet double to 960 billion riyals, according to Breakingviews calculations, making it a key player in global finance.
Persons: Saudi Crown Prince Mohammed Bin Salman, PIF, Neil Unmack, headwinds, Lisa Jucca, Pranav Kiran Organizations: Reuters, Investment, Saudi, Saudi Crown, Newcastle United, Twitter, Adidas, InBev, Thomson Locations: Saudi, Riyadh, Saudi Aramco, Neom
Workers travel through London Bridge rail and underground station during the morning rush hour in London, Britain, September 8, 2021. A gauge of permanent staff hiring by the Recruitment and Employment Confederation and accountants KPMG fell to 42.4, the lowest since the 34.3 in June 2020 when the country was in lockdown due to the COVID-19 pandemic. While starting pay for new permanent staff rose sharply by pre-pandemic standards, the rate of wage growth was the lowest since April 2021, REC said. Official data showed unemployment rose to 4% in the three months to May, a 16-month high, although annual wage growth remained at a record high of 7.3% in cash terms. REC said the availability of both temporary and permanent workers to fill jobs hit the highest since December 2020.
Persons: Toby Melville, Neil Carberry, Claire Warnes, Suban Abdulla, David Milliken Organizations: REUTERS, KPMG, REC, Bank of England, BDO, Thomson Locations: London, Britain
That’s right, I take it way back to the days when “summer vacation” didn’t mean me looking for reasonable airfare and accommodations to book. Something to sip on…A scene from "Teenage Mutant Ninja Turtles: Mutant Mayhem." “Teenage Mutant Ninja Turtles: Mutant Mayhem” is out this week and if ever there was a franchise that is both for the young and young at heart, it’s this one. One thing to talk about…People attend Day 3 of the Lollapalooza Music Festival on Saturday, July 30, 2022, at Grant Park in Chicago. That’s right, you can enjoy the long-standing, Chicago-set music festival from the comfort of your own home – and no need for porta-potties!
Persons: ” Let’s, , “ Barbie, O’Neil, Seth Rogen, Maya Rudolph, John Cena, Paul Rudd, Rob Grabowski, Oprah Winfrey, Gayle King, Oprah, , Billie Eilish, Kendrick Lamar, Lana Del Rey, Trippie Redd, Redd, There’s, Joe Locke, Kit Connor, Charlie Spring, Nick Nelson, “ Heartstopper Organizations: CNN, Paramount Pictures, , Hulu, PolkImaging, Penske Media, Netflix Locations: Grant, Chicago, New Jersey, Hulu, Milwaukee , WI
Logos of Swiss banks UBS and Credit Suisse are seen on an office building in Zurich, Switzerland March 19, 2023. The changes are aimed at producing unified teams following the completion of UBS's emergency takeover in June of Credit Suisse. Under the shake-up some Credit Suisse bankers will take on bigger roles in the combined company while some others leave, the sources said. Matt Eilers, UBS's global head of financial sponsors, is also in talks about possibly leaving, two of the sources said. His co-head would be Christian Lesueur, who has been global head of TMT investment banking, the sources added.
Persons: Denis Balibouse, Sergio Ermotti, Jeff Rose, Jon Levin, Matt Eilers, Rob DiGia, Rose, Levin, Eilers, DiGia, Laurence Braham, Lesueur, Steve Pettigrew, Braham, Neil Meyer, Abigail Summerville, Milana Vinn, David Carnevali, Leslie Adler Organizations: UBS, Credit Suisse, REUTERS, UBS Group AG, Suisse, Reuters, Swiss, Barclays Plc, Bank of America Corp, Barclays, Thomson Locations: Zurich, Switzerland, Americas, Milana, New York
Billionaire activist-investor Carl Icahn gives an interview on FOX Business Network's Neil Cavuto show in New York February 11, 2014. REUTERS/Brendan McDermid/File PhotoAug 4 (Reuters) - Carl Icahn-owned investment firm Icahn Enterprises (IEP.O) on Friday halved its quarterly payout, months after short-seller Hindenburg Research accused it of operating a "Ponzi-like" structure to pay dividends. Hindenburg said on Friday it remained short on the company, in a post on messaging platform X, formerly known as Twitter. "Icahn Enterprises will eventually cut or eliminate its dividend entirely, barring a miracle turnaround in investment performance," Hindenburg said when it had announced its short position. "We do not intend to let a misleading Hindenburg report interfere with this practice (of distributing dividends)," Icahn Enterprises said in a statement.
Persons: Carl Icahn, Neil Cavuto, Brendan McDermid, Hindenburg, Icahn, Niket, Milla Nissi Organizations: FOX Business, REUTERS, Icahn Enterprises, Hindenburg, Enterprises, Thomson Locations: New York, Bengaluru
Billionaire activist-investor Carl Icahn gives an interview on FOX Business Network's Neil Cavuto show in New York February 11, 2014. REUTERS/Brendan McDermid/File PhotoAug 4 (Reuters) - Icahn Enterprises (IEP.O) on Friday said it would cut its dividend payout months after short seller Hindenburg Research accused the investment firm of operating a "Ponzi-like" structure to pay dividends. The investment firm, owned by Carl Icahn, said it would distribute $1 per depositary unit to its investors, lower than its usual quarterly dividend of $2 per unit. Shares of Icahn Enterprises fell 24% in premarket trading. Reporting by Niket Nishant in Bengaluru; Editing by Milla NissiOur Standards: The Thomson Reuters Trust Principles.
Persons: Carl Icahn, Neil Cavuto, Brendan McDermid, Niket, Milla Nissi Organizations: FOX Business, REUTERS, Icahn Enterprises, Hindenburg, Thomson Locations: New York, Bengaluru
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