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☆ What’s next for Fox and Dominion? More lawsuits seeking accountability for corrosive 2020 election lies
▼ + stars: | 2023-04-19 | by ( Marshall Cohen | ) edition.cnn.com time to read: +3 min

Wilmington, Delaware CNN —Dominion Voting Systems’ blockbuster defamation case against Fox News is over after the right-wing network cuts a check for a staggering $787 million, but there’s still an avalanche of pending lawsuits that are seeking accountability from the right-wing figures who championed false claims about the 2020 election. Smartmatic, another voting technology company, sued Fox for defamation following the 2020 election and is seeking $2.7 billion in damages from Fox and other defendants. Dominion still has a bevy of pending lawsuits against 2020 election deniers. “All of those decisions will have a huge bearing on those lawsuits as they play out,” Dominion lawyer Davida Brook told CNN Tuesday night. Dominion lawyer Justin Nelson added in a CNN interview that the Fox News settlement “sends a message to the other seven lawsuits that accountability is coming.”

☆ With historic settlement, Rupert Murdoch is paying the price for Trump’s election lies
▼ + stars: | 2023-04-19 | by ( Oliver Darcy | ) edition.cnn.com time to read: +3 min

The country suffered the consequences of Donald Trump’s election lies on January 6th. And Rupert Murdoch suffered the consequences of those same lies on April 18. But while it is the largest publicly known defamation settlement by a U.S. media outlet ever, the hefty price tag won’t be enough to change Fox News at its core. In some ways it is fitting that the statement Fox News issued as a result of its dishonest conduct was dishonest in and of itself. Outside the embarrassment Fox News would have suffered, the settlement also spared the company and its executives of being bound by the laws of reality during trial.

Dominion accused Fox and its parent company Fox Corp (FOXA.O) of ruining its business by airing claims that its machines were used to rig the 2020 U.S. presidential election in favor of Democrat Joe Biden and against then-president Donald Trump, a Republican. Smartmatic alleges in its lawsuit in New York County Supreme Court that the defendants knowingly spread false claims that its software was used to flip votes. Conspiracy theorists erroneously claimed Smartmatic owned Dominion, and the companies mounted similar allegations in their lawsuits. Fox denies the allegations, saying in a recent statement the network had a right to report on highly newsworthy allegations of voter fraud. Fox has said the allegations are “baseless” and were immediately investigated by outside lawyers.

☆ Dominion wasn't here to save democracy — it just wanted money from Fox News
▼ + stars: | 2023-04-18 | by ( Jacob Shamsian | ) www.businessinsider.com time to read: +9 min

Fox News detractors wanted Dominion's lawsuit against Fox News to move forward for democracy's sake. "PLEASE Dominion --- Do not settle with Fox! The election technology company filed a civil defamation lawsuit against Fox News and its parent company, Fox Corporation, and asked for $1.6 billion. But just because Fox settled Dominion's lawsuit doesn't mean it's now free of legal risk. "Smartmatic remains committed to clearing its name, recouping the significant damage done to the company, and holding Fox accountable for undermining democracy."

☆ Fox News settles Dominion's defamation lawsuit for $787.5 million over election conspiracy theories just as the trial is about to start
▼ + stars: | 2023-04-18 | by ( Jacob Shamsian | ) www.businessinsider.com time to read: +11 min

Fox News settled Dominion's defamation lawsuit over election conspiracy theories for $787.5 million. WILMINGTON, Delaware — Fox News settled Dominion Voting Systems's blockbuster defamation lawsuit just as it was about to go to trial, agreeing to pay it $787.5 million. In a press conference after Davis announced the settlement, Dominion CEO John Poulos criticized Fox for broadcasting lies about the company. Dominion first filed its lawsuit against Fox News and its parent company, Fox Corp., in March 2021. Representatives of Fox News arrive at the justice center for the Dominion Voting Systems' defamation lawsuit against Fox News, in Wilmington, Delaware.

☆ Fox News' settlement with Dominion doesn't mean the risk of embarrassment is over, with Smartmatic saying it 'remains committed' to its own defamation case against the network
▼ + stars: | 2023-04-18 | by ( Charles R. Davis | ) www.businessinsider.com time to read: +5 min

The company made the statement following Fox News' $787 million settlement with Dominion on Tuesday. Smartmatic sued Fox News for defamation in 2021 and is seeking $2.7 billion in damages. (In a statement, Fox News acknowledged the false statements and said the settlement reflected its "commitment to the highest journalistic standards.") It also opened the door to adding Fox News' parent company, the Fox Corporation, as a defendant. Before settling with Dominion, Fox News' public relations team said the same thing.

JPMorgan sued Staley last month to have him cover its losses in both lawsuits and forfeit eight years of compensation. Epstein killed himself at age 66 in August 2019 in a Manhattan jail while awaiting trial for sex trafficking. The cases in the U.S. District Court, Southern District of New York are: Jane Doe 1 v JPMorgan Chase & Co, No. 22-10019; Government of the U.S. Virgin Islands v JPMorgan Chase Bank NA, No. 22-10904; and JPMorgan Chase Bank NA v Staley, in Nos.

☆ Cramer one-on-one with CAG
▼ + stars: | 2023-04-05 | by ( Jim Cramer | ) www.cnbc.com time to read: 1 min

Cramer one-on-one with CAGMad Money host Jim Cramer talks to Conagra CEO Sean Connolly about its earnings, consumer demand and brand recognition.

☆ China firm wins tender to redevelop Solomon Islands port
▼ + stars: | 2023-03-22 | by ( Kirsty Needham | ) www.reuters.com time to read: +3 min

"This will be upgrading the old international port in Honiara and two domestic wharves in the provinces," Qaqara said. The Solomon Islands and China have denied the security pact would allow a naval base, however. Delegations from China and the United States are visiting Honiara this week, competing for influence in the strategically-located Pacific islands nation. "This will see the rehabilitation of the old Honiara international port and construction of the Honiara domestic port and two provincial ports," the government said in a statement. Writing in the Australian Foreign Affairs this month, Connolly noted that ADB infrastructure contracts in the Pacific islands had been dominated by Chinese state companies who offered the lowest bids.

☆ China firm wins Solomon Islands port project as Australia watches on
▼ + stars: | 2023-03-22 | by ( Kirsty Needham | ) www.reuters.com time to read: +4 min

The Solomon Islands and China have consistently denied that their security pact would allow a naval base. The Solomon Islands Infrastructure Development Ministry has said that there will be no expansion of the port for dual use," a spokesperson for Australia's Department of Foreign Affairs and Trade said on Wednesday evening. Delegations from China and the United States are visiting Honiara this week, competing for influence in the strategically-located Pacific islands nation. "This will see the rehabilitation of the old Honiara international port and construction of the Honiara domestic port and two provincial ports," the Solomon Islands government said in a statement. "It is not about bases it is about access," Connolly, a former military officer, said, referring to the security pact between Honiara and Beijing.

☆ Lawmaker Requests Investigation Into Unsafe Driving Record Among U.S. Postal Service Trucking Contractors
▼ + stars: | 2023-03-08 | by ( Christopher Weaver | ) www.wsj.com time to read: 1 min

Rep. Gerry Connolly (D., Va.) wants a probe to determine how many people were killed in crashes with U.S. Postal Service trucking contractors between 2017 and 2022. A Virginia congressman this week requested that a government watchdog open an investigation of the U.S. Postal Service’s freight-shipping practices. The Wall Street Journal reported this month that the agency hires trucking contractors with unsafe driving records.

☆ Food is getting cheaper. But not for you
▼ + stars: | 2023-03-08 | by ( Danielle Wiener-Bronner | ) edition.cnn.com time to read: +6 min

When food producers started raising prices a few years ago, they blamed their own costs, including higher ingredient prices. Many food companies are forecasting that they might slow down or pause price increases — but not lower them. But ingredients typically make up a small portion of overall food costs. Companies are maintaining elevated prices, or continuing to increase them, at a time when many Americans are already struggling to pay for food, especially as pandemic-era food stamp benefits expire. So people keep buying food at the grocery store, despite higher prices — giving producers an opportunity to convince retailers that those higher prices won’t drive customers away.

☆ Will student loan forgiveness pass the Supreme Court? Here's what we know so far
▼ + stars: | 2023-03-02 | by ( Kamaron Mcnair | ) www.cnbc.com time to read: +7 min

WASHINGTON, DC - People rally in support of the Biden administration's student debt relief plan in front of the the U.S. Supreme Court on February 28, 2023 in Washington, DC. This week, the Supreme Court heard oral arguments from both supporters and opponents of President Joe Biden's student debt forgiveness plan. Student loan borrowers have the most immediately at stake, but the high court's ruling and rationale could have bigger implications for the government. Nebraska solicitor general, James Campbell, who represented the state plaintiffs, responded that "the state speaks for MOHELA." Will student loan forgiveness pass?

☆ Opponents of Biden's student-loan forgiveness are spotlighting another way to give borrowers debt relief
▼ + stars: | 2023-03-02 | by ( Ayelet Sheffey | ) www.businessinsider.com time to read: +5 min

A challenger to Biden's student-debt relief argued he could have used the Higher Education Act of 1965 to cancel student debt. "During the campaign, they were talking about doing broad-based debt relief," he said. Senator Warren and others passed resolutions urging the Secretary to use the Higher Education Act to pass debt forgiveness. She added at the end of the arguments that Biden's relief "is a pandemic-related program. So unlike the HEROES Act, the Higher Education Act would allow for the canceling of debts without the existence of an emergency like COVID-19.

[1/3] Ben & Jerry's, a brand of Unilever, is seen on display in a store in Manhattan, New York City, U.S., March 24, 2022. Nestle said cutting products saved 1 billion Swiss francs last year ($1.06 billion), while Unilever said the practice saved $2 billion. Food makers tend to cull products without much fanfare. At the consumer products conference they highlighted new offerings, many of them increasingly popular handheld foods that people can eat while scrolling on phones. "You'd be shocked by the loyalty and personal connections people have to food products," he said.

[1/3] Ben & Jerry's, a brand of Unilever, is seen on display in a store in Manhattan, New York City, U.S., March 24, 2022. Eliminating less popular products is part of a "decomplexity program" underway at Kraft Heinz, its executives said at the Consumer Analyst Group of New York Conference this week. Nestle said cutting products saved 1 billion Swiss francs last year ($1.06 billion), while Unilever said the practice saved $2 billion. At the consumer products conference they highlighted new offerings, many of them increasingly popular handheld foods that people can eat while scrolling on phones. "You'd be shocked by the loyalty and personal connections people have to food products," he said.

☆ Inside California's tiny-home takeover
▼ + stars: | 2023-02-24 | by ( Kelsey Neubauer | ) www.businessinsider.com time to read: +8 min

For the state with the most dire housing shortage, the move could be a game changer — eventually. As the US grapples with a massive housing shortage, one possible solution is playing out in California right now — and the state may have struck gold. Oregon, Maine, and Nebraska, as well as cities like Miami, have enacted laws similar to California's. There's been opposition to ADUs from homeowners worried about the density of their neighborhoods and sometimes the aesthetics of the structures. Ultimately, the housing shortage could be alleviated, she said.

☆ Rudy Giuliani gets hit with 2 more counts in Smartmatic's defamation lawsuit
▼ + stars: | 2023-02-14 | by ( Jacob Shamsian | ) www.businessinsider.com time to read: +4 min

Rudy Giuliani has to face two more claims in Smartmatic's defamation lawsuit. Smartmatic has also tried to include Fox News's parent company, Fox Corporation, as a defendant in the case. Lachlan Murdoch and Rupert Murdoch, who run Fox News's parent company Fox Corporation, were both deposed in a similar lawsuit brought by Dominion Voting Systems. The portions of Smartmatic's lawsuit against Powell were moved to a court in Washington, DC, where the case remains ongoing. Fox Corporation is a defendant in that lawsuit and the technology company was able to depose Rupert and Lachlan Murdoch, court records show.

Disney CEO Bob Iger announced a new business structure Wednesday and further details emerged Thursday. ESPN and ESPN+ will form a separate unit, led by Jimmy Pitaro. Hollywood is already busy sharing memes about Bergman and Walden and how they will share and compete for power. As part of the cuts, Iger has directed his reports to lay off 7,000 staffers. A Thursday morning press release outlined all the shared services units that will now come under Bergman, Walden, and Pitaro.

☆ Trump's White House asked Twitter to remove Chrissy Teigen's expletive-filled tweet insulting the former president, ex-employee testifies
▼ + stars: | 2023-02-08 | by ( Oma Seddiq | ) www.businessinsider.com time to read: +4 min

An ex-Twitter employee said Trump's White House asked the company to take down a tweet. Navaroli confirmed on Wednesday that Teigen's expletive-filled tweet was what the White House asked to be removed, though Twitter declined the request. Conservatives have long claimed that social media platforms like Twitter are biased against them, censor their speech and favor liberals. Yet the GOP's push to discuss alleged social media bias against conservatives seemingly backfired during Navaroli's testimony about the Trump White House seeking to remove Teigen's tweet. Three of the four former Twitter officials also testified they had no evidence that Biden's White House had ever asked the company to remove content.

☆ Exonerated Deutsche Bank trader accuses bank of 'malicious prosecution'
▼ + stars: | 2023-01-26 | by ( Jonathan Stempel | ) www.reuters.com time to read: +2 min

Gavin Black, who worked on the bank's money market and derivatives desk in London, said Deutsche Bank and others conspired to commit "malicious prosecution and abuse of process," leading to his unjustified conviction. Deutsche Bank did not immediately respond to requests for comment. The legal action came two months after Matthew Connolly, who lead Deutsche Bank's pool trading desk in New York, filed a $150 million lawsuit also accusing the bank of malicious prosecution. Deutsche Bank asked a judge on Jan. 13 to dismiss Connolly's case. Investigations worldwide into Libor manipulation resulted in about $9 billion of fines for banks, including $2.5 billion for Deutsche Bank in 2015.

Known for its Birds Eye, Chef Boyardee and Slim Jim brands, Conagra is increasing some of its prices in its current fiscal 2023 third quarter. "We don't currently have any plans to take additional pricing beyond that," Connolly said, noting the plans could change if inflation persists. The price of groceries eaten at home rose an estimated 11%-12% in 2022, versus a 7%-8% increase in restaurant menu prices, according to estimates from the U.S. Department of Agriculture. "If you're going to spend your day at home instead of in the office, odds are the breakfast and the lunch that you're going to have is going to be a product like a Healthy Choice Power Bowl," Connolly said. "We've now moved it to just about everything we sell in our frozen meals business," he said.

NEW YORK, Jan 10 (Reuters) - Conagra Brands Inc (CAG.N) Chief Executive Officer Sean Connolly said in a Reuters Newsmaker interview on Tuesday that he sees double-digit inflation in fiscal 2023, although protein costs are moderating. The company, known for its brands Birds Eye and Chef Boyardee, raised its full-year forecasts last week, after beating quarterly results, helped mainly by higher prices for its snacks and ready-to-eat meals. Its share price rose 12% in 2022 and shot up further after the improved forecasts. Packaged food makers have undergone several rounds of price increases in the past year to shield their profit margins from higher costs, which people have accepted as they find eating out far more expensive than cooking at home. Reporting by Jessica DiNapoli and Hilary Russ in New York Editing by Lisa Shumaker and Matthew LewisOur Standards: The Thomson Reuters Trust Principles.

[1/2] GSK (GlaxoSmithKline) logo is seen in this illustration, August 10, 2022. Circuit Court of Appeals ruled that federal law preempts the plaintiffs' state-law claims that GSK failed to warn doctors and pregnant women that animal studies found a link between birth defects and taking Zofran. Louis Bograd, a lawyer for the plaintiffs at Motley Rice, did not respond to a request for comment. Without any newly acquired information, GSK could not legally change the label without the FDA's blessing, Kayatta wrote. For the plaintiffs: Louis Bograd of Motley RiceFor GSK: Lisa Blatt of Williams & ConnollyRead more:Zofran birth defect cases should be revived, say hundreds of plaintiffsGSK defeats 425 lawsuits alleging Zofran causes birth defects(NOTE: This story has been updated with a comment from GSK.)

Share this -Link copiedConservatives opposed to McCarthy seen huddling in chamber during third vote During the third ballot vote for speaker, several House Republicans who have opposed McCarthy to be speaker were seen huddling in the back of the chamber. McCarthy lost twice earlier in the day, with 19 conservatives casting their ballots for Rep. Jim Jordan, of Ohio, in the second round. Share this -Link copiedDemocrats mock Republicans over inability to elect House speaker Now in the minority, House Democrats appeared to enjoy the GOP divisions over electing a speaker Tuesday. Share this -Link copiedPelosi reacts to Republicans' struggling to elect GOP speaker As House Republicans struggled to elect their own speaker now that they have the majority, former House Speaker Nancy Pelosi, D-Calif., suggested the GOP is ruining Congress as an institution. Pelosi stepped down as the Democratic leader after serving as House speaker twice.

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