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☆ How investors cash in on the $2.9 billion boom in wrongful-conviction lawsuits
▼ + stars: | 2023-04-21 | by ( Delon Thornton | ) www.cnbc.com time to read: +2 min

For the past few decades, state and local governments throughout the U.S. have paid out a total of $2.9 billion to Americans who were wrongly convicted of crimes. Collectively, over 25,000 years have been lost behind bars to the wrongfully convicted, according to recent estimates. Thirty-eight states, the federal government and the District of Columbia all offer exonerees some form of wrongful-conviction compensation. "There's no credit checks, there's no collaterals, there's no guarantees, there's no assets," said Abraham Arouesty, of Tribeca Capital Group, a litigation firm that offers funding for wrongful-conviction cases. Watch the video above to find out more about why investors are betting on wrongful-conviction lawsuits

[1/2] The logo of commodities trader Glencore is pictured in front of the company's headquarters in Baar, Switzerland, July 18, 2017. REUTERS/Arnd WiegmannApril 19 (Reuters) - Glencore (GLEN.L) has told Teck Resources (TECKb.TO) shareholders it is willing to improve its $22.5 billion takeover offer, raising pressure on the Canadian miner to ditch a restructuring plan and sit down at the negotiating table. In an open letter on Wednesday, Glencore said it would consider taking the offer to Teck's shareholders directly if the board failed to engage. "With engagement, we could improve our proposal's terms and value, which would be in the best interests of all Teck shareholders." "The vote (on Teck's restructuring plan) is highly likely to go through without an official bump in terms (from Glencore)," Ben Cleary, portfolio manager at Tribeca Global Natural Resources Fund, told Reuters.

☆ Glencore courts 120 Teck investors for bid backing as spinoff vote looms -source
▼ + stars: | 2023-04-17 | by ( ) www.reuters.com time to read: +2 min

[1/2] The logo of commodities trader Glencore is pictured in front of the company's headquarters in Baar, Switzerland, July 18, 2017. The Swiss mining giant would instead combine and spin off its thermal coal unit and Teck's steelmaking coal business. Glencore's initial bid represented a 20% premium to Teck's closing stock price on March 26, when it was made privately. JP Morgan analysts said in a note on Monday that Glencore could pay as much as $27.2 billion. Reporting by Clara Denina; Additional reporting by Mrinalika Roy; Editing by Alexander SmithOur Standards: The Thomson Reuters Trust Principles.

☆ Bill Gates shared his first photo with his first grandchild: 'I can't wait to watch you discover the world'
▼ + stars: | 2023-04-07 | by ( Britney Nguyen | ) www.businessinsider.com time to read: +2 min

New grandfather Bill Gates shared his first photo with his grandchild on Instagram. His daughter Jennifer, who he had with ex-wife Melinda French Gates, welcomed her child in March. Gates became a grandfather in March when his daughter with ex-wife Melinda French Gates, Jennifer Gates, gave birth to her first child with equestrian Nayel Nassar. "There is nothing quite like holding your first grandchild," French Gates wrote on her Instagram post with a smiling emoji surrounded by hearts. The Bill & Melinda Gates Foundation did not immediately respond to Insider's request for comment.

☆ Bill Gates' daughter reportedly paid $51 million for this NYC penthouse—it comes with 3,400 square feet of outdoor space
▼ + stars: | 2023-04-04 | by ( Celia Fernandez | ) www.cnbc.com time to read: +2 min

Bill Gates' eldest daughter, Jennifer Gates, might now be calling a $51 million New York City penthouse home. 443 Greenwich Street is known for being home to other celebrities like Meg Ryan, and Blake Lively and Ryan Reynold. The penthouse apartment is 8,900 square feet and has a 3,400 square-foot outdoor space with a plunge pool. Gates' penthouse apartment is 8,900 square feet and has a 3,400 square-foot outdoor space. 443 Greenwich Street was designed with an indoor courtyard, which is rare for buildings in New York City.

☆ I got my first TV writing job at 55. It was hard being the oldest person in the room — but I'm glad I never gave up.
▼ + stars: | 2023-03-23 | by ( Eboni Boykin-Patterson | ) www.businessinsider.com time to read: +8 min

Writing what he knew and making personal connections ultimately led to his first TV job at age 55. I've been working towards a TV writing job for a few years, but I've always wanted to write for the screen. I got the job sort of out of the blueThe way I got my first writing job was through a 20-year-old relationship. She was really, really complimentary. As we were taking the class, they were going around the room and each person said what scared them the most about being a TV writer.

☆ VIEW US intervenes to shore up SVB deposits, stem financial fallout
▼ + stars: | 2023-03-13 | by ( ) www.reuters.com time to read: +10 min

March 13 (Reuters) - The U.S. government announced actions to shore up deposits and stem any broader financial fallout from the sudden collapse of tech startup-focused lender Silicon Valley Bank (SIVB.O) (SVB), sending U.S. stock futures higher. "The market turbulence sparked by SVB has upended rising market expectations on the Fed rate path. The fact that SVB and Signature Bank depositors will be made whole is critical in maintaining trust in the financial system and should help stem contagion fears this week. But it also means that 50 basis points (a possible Fed interest rate hike) is off the table." Given what's happened in the U.S. financial system, a 25 basis point hike is more likely than a 50 basis point hike."

☆ Instant view: US intervenes to shore up SVB deposits, limit financial fallout
▼ + stars: | 2023-03-13 | by ( ) www.reuters.com time to read: +11 min

March 13 (Reuters) - The U.S. government announced actions to shore up deposits and stem any broader financial fallout from the sudden collapse of tech startup-focused lender Silicon Valley Bank (SIVB.O) (SVB), sending U.S. stock futures higher. ALVIN TAN, HEAD OF ASIA FX STRATEGY, RBC CAPITAL MARKETS, SINGAPORE:"Markets remain unsettled from the SVB failure. "The market turbulence sparked by SVB has upended rising market expectations on the Fed rate path. ANTHONY SAGLIMBENE, CHIEF MARKET STRATEGIST, AMERIPRISE FINANCIAL, TROY, MICHIGAN:"It was imperative that regulators stepped in and decisively acted before markets around the world opened for the week. GREG MCBRIDE, CHIEF FINANCIAL ANALYST, BANKRATE:"While the Fed has talked about a lot in the past year, until today it has been in the context of monetary policy.

☆ Australian pension fund client queries GQG about Adani investment
▼ + stars: | 2023-03-03 | by ( Lewis Jackson | ) www.reuters.com time to read: +2 min

SYDNEY, March 3 (Reuters) - An Australian pension fund client of GQG Partners has asked the U.S. boutique investment firm for more information about its nearly $1.9 billion investment in the embattled Indian Adani group. GQG Partners bought shares worth $1.87 billion in four Adani group companies, marking the first major investment in the Indian conglomerate since a short-seller's critical report sparked a stock rout. Cbus Super, with A$71 billion under management, has a A$243 million emerging markets mandate with GQG Partners. The $258 billion fund had no investments in Adani Group companies as of June 2022, according to a review of the most recent holdings disclosures. Shares of Australia-listed GQG Partners closed down 3% on Friday after news of the investment was made public.

☆ Googlers are begrudgingly testing Bard and making memes out of their new task.
▼ + stars: | 2023-02-27 | by ( Diamond Naga Siu | ) www.businessinsider.com time to read: +5 min

Since it's a tough time in the tech industry right now, I hope this resonates with some of you, too. Thomas Maxwell/InsiderGooglers are begrudgingly testing their company's ChatGPT competitor. CEO Sundar Pichai asked every employee to spend multiple hours testing Google's new chatbot Bard. They were tasked with improving Bard by asking it questions and flagging bad answers, in addition to their normal responsibilities. Some made memes from the conversations they've had with Bard, continuing a trend of internally mocking the chatbot.

☆ See inside the penthouse Bill Gates' daughter Jennifer reportedly just paid $51M for in a 'paparazzi-proof' NYC luxury building
▼ + stars: | 2023-02-25 | by ( Britney Nguyen | ) www.businessinsider.com time to read: +1 min

443 Greenwich Street in Manhattan's Tribeca is home to many celebrities and is known for being 'paparazzi-proof' because of its underground garage. The outside of 443 Greenwich Street in Tribeca. Credit David Sundberg/Esto, Courtesy CetraRuddyCelebrities like Jake Gyllenhaal, Justin Timberlake and Jessica Biel, and Blake Lively and Ryan Reynolds have previously purchased apartments in the building. The underground garage is particularly appealing to those who need to dodge paparazzi. "It has been called 'paparazzi-proof' for its punched windows, original brick masonry façade, and secure drive-in garage access."

☆ Nikki Haley heads to fundraiser hosted by Wall Street executives
▼ + stars: | 2023-02-24 | by ( Brian Schwartz | ) www.cnbc.com time to read: +4 min

Nikki Haley, a Republican who jumped into the 2024 presidential race this month, is set to attend a fundraising event for her campaign hosted by Wall Street executives in New York on Tuesday, according to an invitation first reviewed by CNBC. The Tuesday fundraiser for Haley's campaign is one of her first trips to New York as a candidate for president. Morning Consult's GOP primary tracker shows Haley has 6% of support from potential Republican voters. Former President Donald Trump garners support from about 50% of GOP primary voters, according to Morning Consult. Finance executives have played key fundraising roles for political campaigns of both parties for well over a decade.

☆ Tracy Anderson's ex-trainers said their bodies were 'breaking apart' while working for the fitness icon
▼ + stars: | 2023-02-18 | by ( Katie Warren | ) www.businessinsider.com time to read: +4 min

Tracy Anderson charges members $900 a month to workout at her studios in LA and New York. Her former trainers said teaching in the 95-degree studios for at least four hours a day could be grueling. Members in the US pay $900 a month to learn the "Tracy Anderson Method," a dance-based workout in a room heated to 95 degrees with 75% humidity. That all sounds cool, and it also sounds like you're going to get paid pretty well," one former New York trainer said. Another former trainer said her body "was just breaking apart," adding that she quit because of the physical demands of the job.

☆ Inside Tracy Anderson's cutthroat fitness empire: Legal threats, paranoia, and trainers who say their bodies were 'breaking apart'
▼ + stars: | 2023-02-16 | by ( Katie Warren | ) www.businessinsider.com time to read: +29 min

One day around 2015, a dozen or so gift boxes showed up at the Brentwood, California, studio of the celebrity fitness trainer Tracy Anderson. "It was an exclusive boutique fitness studio," the former New York trainer said. Darren Gerrish/WireImageThe method demanded that TA trainers, most of whom were also professional dancers, perform the strenuous workouts full out, every time. Let's help you do it correctly so you don't get injured,'" the former New York trainer said. "This is at a time where everyone is already overworked," one of the former New York trainers said.

☆ Shipping containers ablaze at Turkey's Iskenderun Port, operations halted
▼ + stars: | 2023-02-07 | by ( Antony Paone | ) www.reuters.com time to read: +3 min

ISKENDERUN, Turkey, Feb 7 (Reuters) - Hundreds of shipping containers were ablaze at Turkey's Iskenderun Port on Tuesday, shutting down operations and forcing freight liners to divert vessels to other ports. Leading global container shipping group AP Moller Maersk said there had been significant damage to logistics and transport infrastructure around the earthquake epicentre, including at the Port of Iskenderun. We are currently planning to divert containers to nearby hubs within operational feasibility or hold at transhipment ports - including Port of Mersin (in Turkey) and Port Said (in Egypt)," it said. [1/3] Smoke rises from burning containers at the port in the earthquake-stricken town of Iskenderun, Turkey, February 7, 2023. German container shipping line Hapag Lloyd said it was taking shipments from Mersin given the closure of Iskenderun.

☆ Turkey oil pipelines undamaged, flows continue after quake -official
▼ + stars: | 2023-02-06 | by ( ) www.reuters.com time to read: +1 min

ANKARA, Feb 6 (Reuters) - There is no damage to the Kerkuk-Ceyhan pipeline carrying oil from Iraq to Turkey, or to the Baku-Tbilisi-Ceyhan pipeline, and oil flows are continuing on both after a major earthquake hit Turkey, an energy official told Reuters on Monday. However, operations at the Ceyhan oil terminal in southern Turkey were suspended, the Tribeca shipping agency said, adding that an emergency meeting was being held on the issue. The magnitude 7.8 quake struck southern Turkey and northwest Syria early on Monday, killing more than 500 people and injuring hundreds as buildings collapsed across the region, triggering searches for survivors in the rubble. Earlier state pipeline operator BOTAS said natural gas flows were halted to Gaziantep, Hatay and Kahramanmaras provinces and some other districts as a result of damage to a gas transmission line. Reporting by Orhan Coskun and Can Sezer; writing by Daren Butler; editing by Jonathan Spicer and Jason NeelyOur Standards: The Thomson Reuters Trust Principles.

☆ Tyler Burnett turned a toothache into a VC-backed company. Here's an exclusive look at the pitch deck he used to raise $3 million for dental startup Wally Health.
▼ + stars: | 2023-02-02 | by ( April Joyner | Samantha Stokes | ) www.businessinsider.com time to read: +3 min

The startup Wally Health provides dental cleanings and preventative care for $199 a year. Take a look at the pitch deck Wally used to raise a $3 million seed round led by Bling Capital. That experience inspired the creation of his startup, Wally Health, which has raised $3 million in a seed round led by Bling Capital. Years before Wally, Burnett had launched businesses in media and fintech back in his native Canada. After raising a pre-seed round, Burnett and his cofounders started building Wally's proof of concept about a year ago in an office in New York's Upper East Side.

☆ Ship traffic to resume at Turkey's Dardanelles Strait after brief suspension
▼ + stars: | 2023-01-27 | by ( ) www.reuters.com time to read: 1 min

ISTANBUL, Jan 27 (Reuters) - Ship traffic at Turkey's Dardanelles Strait is set to resume after a brief suspension due to a vessel's engine failure, the Tribeca Shipping Agency said on Friday. Northbound traffic will resume at 1500 GMT and southbound traffic will resume at 1545 GMT, it said. Traffic was suspended in both directions at 1335 GMT. The vessel whose engine failed was proceeding to the strait exit with two tug escorts, it said in an earlier not. Reporting by Can Sezer; Writing by Ali Kucukgocmen; Editing by Alex Richardson and Louise HeavensOur Standards: The Thomson Reuters Trust Principles.

☆ Robert De Niro was almost my 50-50 partner in MoviePass — and he showed me the 'Raging Bull' boxing ring to try to seal the deal
▼ + stars: | 2023-01-23 | by ( Stacy Spikes | ) www.businessinsider.com time to read: +15 min

One night, I said to Marianne, "What if we made a Netflix for the movie theater industry? I tried to push my subscription idea, but it fell flat. I continued to tread water on my subscription idea, but things were slow going. One Saturday, a dear friend of ours named Peter called and asked how the movie subscription idea was coming. They're interested in buying both the Urbanworld Film Festival and the movie subscription company for one million dollars.

☆ Cargo ship from Ukraine grounded in Bosphorus strait, traffic halted
▼ + stars: | 2023-01-16 | by ( ) www.reuters.com time to read: +1 min

[1/3] Turkish Navy's rescue ship TCG Isin sails in the Bosphorus as the Palau-flagged bulk carrier MKK1, carrying grain under UN’s Black Sea grain initiative, is seen drifted aground in Istanbul, Turkey January 16, 2023. REUTERS/Yoruk IsikISTANBUL, Jan 16 (Reuters) - The cargo ship MKK 1, travelling from Ukraine to Turkey, was grounded in Istanbul's Bosphorus Strait on Monday and traffic in the strait was suspended but no damage was reported, shipping agents Tribeca said. Several tugs were among vessels sent to provide assistance to the ship, the coastguard authority said. Television footage showed the bow of the ship, carrying 13,000 tonnes of peas, grounded close to the coastline on the Asian side of the Bosphorus. Tribeca said the Palau-flagged general cargo ship was grounded at Acarburnu at the northern end of the strait early on Monday as it headed southbound.

☆ Trump targets the 'thug' special counsel investigating him and his 'Trump Hater' wife in new attacks
▼ + stars: | 2023-01-15 | by ( Alia Shoaib | ) www.businessinsider.com time to read: +3 min

Donald Trump attacked special counsel Jack Smith in recent days, calling him a "thug" and "terrorist." He claimed the Smith's wife, who worked on Michelle Obama's documentary, "a serial and open Trump Hater." Trump complained that the special counsel probing Biden's mishandling of classified documents was "a nice guy." ), is a Trump Hating THUG whose wife is a serial and open Trump Hater, whose friends & other family members are even worse," Trump wrote on Truth Social on Thursday. Trump claimed that Smith's "wife & family get a perfect "10" for spewing Trump HATE."

For startup founders and venture capitalists, the office holiday party is a December tradition. For many venture capitalists and the startup founders they invest in, December is synonymous with two things: end-of-year paperwork and office holiday parties. But this year, holiday parties in startup-land look a little different. "Align those goals with your holiday party, and you can do something powerful and cost-effective," she said. "You should maybe cut some travel, maybe you don't have a big holiday party, but that's all drop in the bucket compared to head count," he said.

[1/6] Commercial vessels, including oil tankers, wait at an anchorage in the Black Sea off Kilyos near Istanbul, Turkey, December 9, 2022. A total of 28 oil tankers are in a queue seeking to leave the Bosporus and Dardanelles straits, the Tribeca shipping agency said on Friday. Turkey's maritime authority said it would continue to keep out of its waters oil tankers that lacked appropriate insurance letters. A shipping source said four of the tankers waiting to cross the Dardanelles were scheduled to go on Saturday with tug escorts. Millions of barrels of oil per day move south from Russian ports through Turkey's Bosphorus and Dardanelles straits into the Mediterranean.

☆ G7 oil price cap not to blame for Turkey tanker queues, EU says
▼ + stars: | 2022-12-09 | by ( Kate Abnett | ) www.reuters.com time to read: +2 min

The queues have coincided with the introduction of a plan this week by G7 countries and the European Union to stop insurers from helping to export Russian oil by ship unless it is sold at a capped price, in an attempt to reduce Moscow's oil revenues. "This situation is not due to the G7 oil price cap, since there is, in any case a 45-day wind-down period for seaborne Russian crude oil purchased before 5 December," a European Commission spokesperson told Reuters in emailed comments. The Commission spokesperson said that after this transition period, Turkish authorities can continue to verify the insurance policies of tankers in "exactly the same way as before". "We are therefore in contact with the Turkish authorities to seek clarifications and are working to unblock the situation," the spokesperson said. On Thursday, dismissing pressure from abroad over the lengthening queue, Turkey's maritime authority said it would continue to keep out of its waters oil tankers that lacked the appropriate insurance letters, and it needed time for checks.

☆ Twenty oil tankers wait to cross Istanbul's Bosphorus Strait -shipping agency
▼ + stars: | 2022-12-09 | by ( ) www.reuters.com time to read: +2 min

ISTANBUL, Dec 9 (Reuters) - One more tanker took to 20 on Friday the number of vessels waiting in the Black Sea to pass through Istanbul's Bosphorus Strait on the way to the Mediterranean, the Tribeca shipping agency said, amid talks to disperse the build-up. On Thursday, dismissing pressure from abroad over the lengthening queue, Turkey's maritime authority said it would continue to keep out of its waters oil tankers that lacked the appropriate insurance letters, and it needed time for checks. Eight tankers were also waiting for passage through the Dardanelles strait into the Mediterranean, down from nine a day earlier, Tribeca said, making a total of 28 tankers waiting for southbound passage. It requires vessels to provide proof of insurance covering the duration of their transit through the Bosphorus strait, or when calling at Turkish ports. Reporting by Daren Butler and Can Sezer; Editing by Himani Sarkar and Clarence FernandezOur Standards: The Thomson Reuters Trust Principles.

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