DIRS.INFO The most relevant business & tech news

The Metropolitan Police said Friday they were searching Richmond Park in southwest London, near where the delivery van Daniel Khalife used to escape Wandsworth prison was spotted on Thursday. Khalife orchestrated a bold jail break from Wandsworth prison on Wednesday morning while dressed as a chef. Richmond Park, the largest of London’s Royal Parks, is designated National Nature Reserve and stretches for 2,500 acres. The Met Police said Friday it was looking into the possibility that someone inside Wandsworth prison helped Khalife escape. By then, Khalife was gone and all that remained of his escape was the strapping officers discovered under the van.

Persons: strapping, van Daniel Khalife, Khalife, Daniel Khalife, ”, Mark Rowley, ” Rowley, Alex Chalk, Chalk Organizations: London CNN — Police, Metropolitan Police, UK’s, Media, Met Police, Nature Reserve, LBC, Police, The Metropolitan Police, strapping, British Locations: London, Richmond, Wandsworth, Richmond Park, Royal Parks, Putney, Britain

“I think there's great concern about the state of our democracy at this time,” said Mark Updegrove, CEO of the LBJ Foundation, which supports the LBJ Presidential Library in Austin, Texas. Those organizations all support presidential libraries created under the Presidential Library Act of 1955, along with the Eisenhower Foundation. The push for the joint statement was spearheaded by Daniel Kramer, executive director of the George W. Bush Institute. “America is experiencing a decline in trust, social cohesion, and personal interaction.”Valerie Jarrett, a senior adviser to former President Barack Obama who is now CEO of the Obama Foundation, said the former president supported the statement. “This is a moment where we could all come together and show that democracy is not about partisan politics,” she said.

Persons: Herbert Hoover, ”, Mark Updegrove, Updegrove, Lyndon Johnson, John F, Richard Nixon, Gerald R, Ronald Reagan, George, Barbara Bush, George W, Daniel Kramer, Kramer, “, Bill Gates, Gates, ” Kramer, ” Melissa Giller, ” Giller, ” Valerie Jarrett, Barack Obama, ” Jarrett, Obama Organizations: WASHINGTON, LBJ Foundation, LBJ Presidential, Hoover Presidential Foundation, Roosevelt Institute, Truman Library Institute, Kennedy Library Foundation, Richard, Richard Nixon Foundation, Ford Presidential Foundation, Carter Center, Ronald Reagan Presidential Foundation and Institute, Barbara, Barbara Bush Foundation, Clinton Foundation, Bush Presidential Center, Obama, Center, Eisenhower Foundation, The Eisenhower Foundation, Associated Press, Bush, Bush Institute, Ronald, Ronald Reagan Foundation and Institute, Obama Foundation Locations: Austin , Texas, loggerheads, Maricopa County, Phoenix, The, Washington ,, Chicago

☆ UK government vows escaped terrorism suspect will be found
▼ + stars: | 2023-09-07 | by ( ) www.reuters.com time to read: +3 min

[1/3] A wanted sign featuring an image of Daniel Abed Khalife, a former soldier who is suspected of terrorism offences, is displayed, near Wandsworth prison which he escaped from, in London, Britain, September 7, 2023. "Daniel Khalife will be found and he will be made to face justice," Alex Chalk, the government's justice minister, told parliament. Police said he was not thought to pose a risk to the wider public but advised people not to approach him. Opposition lawmakers have demanded answers into how he had been able to escape and why he was not being held at a maximum security prison. Reporting by Michael Holden, Farouq Suleiman and Muvija M; Editing by Chizu NomiyamaOur Standards: The Thomson Reuters Trust Principles.

Persons: Daniel Abed Khalife, Anna Gordon, strapping, Daniel Khalife, Alex Chalk, Khalife, Chalk, Mark Fairhurst, Michael Holden, Farouq Suleiman, Muvija, Chizu Organizations: REUTERS, London's HMP, Police, Officers, Association, Thomson Locations: Wandsworth, London, Britain, London's, London's HMP Wandsworth, England

☆ Wisconsin Republicans float the impeachment of a new liberal state Supreme Court justice because the court could toss GOP-friendly legislative maps
▼ + stars: | 2023-09-06 | by ( John L. Dorman | ) www.businessinsider.com time to read: +5 min

Wisconsin Republicans are floating the potential impeachment of state Supreme Court judge Janet Protasiewicz. Republicans are arguing that Protasiewicz must recuse herself from redistricting cases over her comments. Earlier this year, the possibility of Protasiewicz sitting on the court and turning a conservative-leaning court into one with a liberal majority animated Republicans. Republicans now enjoy a 64-35 majority in the state Assembly and a 22-11 supermajority in the state Senate, despite Wisconsin being a perennial battleground state. AdvertisementAdvertisementThe court has not said whether or not it would take up the redistricting cases.

Persons: Janet Protasiewicz, Protasiewicz, Scott Walker, Walker, Tony Evers, Daniel Kelly, Protasiewicz's, Robin Vos, Vos, I'm, Republican Sen, Ron Johnson Organizations: Wisconsin Republicans, Service, Wisconsin Supreme, Republicans, Democratic Gov, Democratic, GOP, Wisconsin, Democratic Party, Assembly, Republican, New York Times, Wisconsin Democratic Party, Associated Press Locations: Wisconsin, Wall, Silicon

REUTERS/Kacper Pempel/Illustration Acquire Licensing RightsWASHINGTON, Sept 6 (Reuters) - The recently disclosed Chinese hack of senior officials at the U.S. State and Commerce departments stemmed from the compromise of a Microsoft engineer's corporate account, Microsoft Corp (MSFT.O) said in a blog post on Wednesday. Microsoft said the engineer's account had been penetrated by a hacking group it dubs Storm-0558, which is alleged to have stolen hundreds of thousands of emails from top American officials including Commerce Secretary Gina Raimondo, U.S. Microsoft said it had fixed the flaws that led to the key being accessible from the unidentified engineer's account which gave the hackers such wide latitude to steal emails. A Microsoft representative said the engineer's account had been hit using "token-stealing malware" but did not provide further detail about the incident or its timing. Beijing has previously described the allegation that it stole emails from top U.S. officials as "groundless narratives."

Persons: Kacper, Gina Raimondo, China Nicholas Burns, East Asia Daniel Kritenbrink, Raphael Satter, Jonathan Oatis, Sandra Maler, David Gregorio Our Organizations: REUTERS, Rights, U.S . State, Commerce, Microsoft, Microsoft Corp, State, East Asia, Embassy, Thomson Locations: China, Washington, Beijing

☆ Hawaiian Airlines parent tempers outlook on Maui wildfire, engine issues
▼ + stars: | 2023-09-05 | by ( ) www.reuters.com time to read: +1 min

Hawaiian Airlines airplanes sit idle on the runway at the Daniel K. Inouye International Airport due to the business downturn caused by the coronavirus disease (COVID-19) in Honolulu, Hawaii, U.S. April 28, 2020. REUTERS/Marco Garcia Acquire Licensing RightsSept 5 (Reuters) - Hawaiian Holdings Inc (HA.O), the parent company of Hawaiian Airlines, said on Tuesday that its third-quarter revenue had been trending positively but was reversed after the West Maui wildfire affected travel demand. Hawaiian Airlines is among the major customers that took delivery of the affected A320neo jets, according to aviation data provider Cirium. The State of Hawaii has currently discouraged non-essential travel to West Maui through October, the company said. Hawaiian expects its operating revenue per seat mile for the current quarter to be down 4% to 7%, from earlier guidance for a reduction of 2% to 5%.

Persons: Daniel K, Marco Garcia, Pratt, Pratyush Thakur, Devika Organizations: Airlines, Inouye, REUTERS, Hawaiian Holdings Inc, Hawaiian Airlines, Pratt & Whitney, Airbus, ASM, Thomson Locations: Honolulu , Hawaii, U.S, Maui, State, Hawaii, West Maui, Bengaluru

☆ Have You Met My Collaborator? He’s So Classic, He’s Dead.
▼ + stars: | 2023-09-05 | by ( Jesse Green | More About Jesse Green | ) www.nytimes.com time to read: +2 min

On Broadway, Off Broadway, in special events and out of town, living authors are collaborating with dead ones. Some otherwise viable shows, like “Annie Get Your Gun,” need surgery because their racial or gender assumptions are now unacceptable. Others, like “Show Boat,” are merely falling out of copyright, with heirs eager to find a way to remonetize their property. And some — well one — are “Here We Are,” the musical Stephen Sondheim was working on when he died in November 2021. Directed by Joe Mantello and with a book by the comic playwright David Ives, it will reflect a very unusual collaboration indeed.

Persons: Amber Ruffin, Oz, Richard LaGravenese, Daniel Koa Beaty, John O’Hara’s, “ Pal Joey ”, Rodgers, Hart, John Weidman’s revisal, Annie, Stephen Sondheim, Michael Paulson, Sondheim, Luis Buñuel, ”, Joe Mantello, David Ives

☆ Property owners are increasingly having their land sold out from under them. 4 experts break down the failures allowing this, and how the crime can be prevented in the future.
▼ + stars: | 2023-09-03 | by ( Jordan Pandy | ) www.businessinsider.com time to read: +8 min

Kenigsberg and the LLC building the house on the formerly vacant property said they're both victims of title fraud. Fraudulent sales like these are on the rise. "Any opportunity out there to buy a property at a good value or in a good area is going to get snapped up," Larson told Insider. "With a decrease in home sales, now they're looking for other ways to leverage real property into fraud," Rymarowicz told Insider. AdvertisementAdvertisement"We think we can uplevel RON (Remote Online Notarization) and do a higher level of online notarization," Kinsel told Insider.

Persons: Daniel Kenigsberg, they're, William Gordon, Kenigsberg, Gordon, —, Eric Gibbs, Gibbs, Nick Larson, there's, Larson, Deanne Rymarowicz, Rymarowicz, it's, David Zawadzki, Pat Kinsel, that's, Kinsel Organizations: FBI, Service, Federal Bureau, Investigation's Boston, Realty ONE, LexisNexis, National Association of Realtors, Nevada Real Estate Division Locations: Wall, Silicon, Fairfield , Connecticut, Kenigsberg, Tucson , Arizona, Arizona, Nevada, Chicago

☆ 13 brands, from Coca-Cola to REI, that are pouring money into movies and TV to reach consumers with Hollywood-style storytelling
▼ + stars: | 2023-09-01 | by ( Lucia Moses | ) www.businessinsider.com time to read: +10 min

Mattel's Barbie is just one of many big brands getting serious about making Hollywood-style entertainment. "Barbie" may be the movie of the summer, but lots of other big brands are getting serious about making Hollywood-style entertainment. Brands are also getting more systematic about tracking the projects' outcome so they can justify the cost. Neutrogena: Neutrogena Studios launched in 2021 and is J&J Consumer's first brand-funded content studio to make feature documentaries and scripted shorts. Showtime/PepsiPepsiCo: PepsiCo's Content Studio is led by veteran PepsiCo marketer Lou Arbetter.

Persons: Barbie, Ron Howard, Brian Grazer's, Oscar, Michael Sugar, Brian Newman, REI, Michael Sugar's, Jae Goodman, Lauren Denowitz, Coke, Brian Grazer, Ron Howard's, Selman Careaga, John Deere, Mara Downing, Al Roker, Jill Wilfert, Robbie Brenner, J.J, Abrams, Lena Dunham, Barney, Daniel Kaluuya, J, Sebastian Garcia, Laurie Hernandez, Matt Damon, Ben Affleck's, Entertainment —, Justin Biskin —, Howard, Lou Arbetter, Max, Robert Rodriguez, Nadia Hallgre, Stanley Nelson, Arbetter, It's, Procter, Kimberly Doebereiner, Paolo Mottola, Kyra Sedgwick, Watiti, Saint Laurent, Anthony Vaccarello, Saint, Pedro Almodóvar, Ethan Hawke, Pedro Pascal, it's, Paolo Sorrentino, David Cronenberg, Kelly Mullen, Bryce Dallas Howard, Lena Waithe, WePresent, Holly Fraser, Moses Sumney, Solange Knowles, Riz Ahmed, Aneil, Fraser Organizations: Hollywood, Procter, Gamble, Brands, Unilever, InBev, Waffle Iron Entertainment, draftLine Entertainment, Netflix, Coca Cola, Entertainment, Global, Deere, Warner Bros, Warner Brothers, Universal Studios, Mattel, Neutrogena Studios, Studio, Kerry, Seattle Film, Ghetto Film, HBO Nike, Nike, Waffle, Apple, HBO, Showtime, Pepsi PepsiCo, PepsiCo, Pepsi Super, Pepsi, G Studios, Imagine, Amazon's, Hulu, Paramount, Blue Fox Entertainment, Saint Laurent Productions, Unilever Entertainment, Imagine Entertainment, Monotype Locations: Hollywood, Kerry Washington, American, Cannes, Britain

Waters had also served as the head of the Office of China Coordination - informally known as 'China House' - a unit the department created late last year to meld China policies across regions and issues. Whether Lambert will assume the China House coordinator title is still being discussed, sources said. It was unclear when the State Department will formally announce the appointment. The State Department pushed back on criticism about China House, saying it was one if its highest-functioning teams. Senior officials have acknowledged morale and staffing problems at China House, but denied they were linked to how the State department carries out China policy.

Persons: Mark Lambert, Lambert, Rick Waters, Waters, Joe Biden's, “, Biden, Xi Jinping, Daniel Kritenbrink, Humeyra Pamuk, Michael Martina, Don Durfee Organizations: U.S . State Department, of China Coordination, State Department, of, Washington, U.S, Pacific Affairs, Reuters, Republicans, Department, Thomson Locations: China, Taiwan, Beijing, East Asia, of China, U.S, People’s Republic of China, Asia, Australia, New Zealand, State, Lincoln

☆ 'Black Panther' star Chadwick Boseman's 'suave flare' is remembered by Lupita Nyong'o on 3rd anniversary of his death
▼ + stars: | 2023-08-28 | by ( Alli Rosenbloom | ) edition.cnn.com time to read: +2 min

CNN —Chadwick Boseman may be gone, but he is not forgotten. Monday marked three years since the “Black Panther” star died, and some of his Marvel co-stars took to social media to remember their friend. Lupita Nyong’o, who starred alongside Boseman in the 2018 “Black Panther” movie, on Monday posted a black and white photo from that same year she said she took of the actor while in South Korea. The confusion was so profound that it took months to trust the feeling of joy again,” Nyong’o wrote. Love always.”Daniel Kaluuya paid tribute to his “Black Panther” co-star as well on Monday, sharing a photo of himself with Boseman and Danai Gurira on his Instagram stories.

Persons: CNN — Chadwick, Lupita Nyong’o, Boseman, “, ” Nyong’o, Chadwick, ” Boseman, Ma, “ Marshall ”, King T’Challa, ” Letitia Wright, Love, ” Daniel Kaluuya, ”, Gurira, Nyong’o, “ Chadwick Organizations: CNN, Marvel Locations: South Korea, Shuri

☆ Wreckage of Prigozhin's plane was scattered across roughly 4 miles, and experts say it looks like an explosion knocked it out of the sky
▼ + stars: | 2023-08-26 | by ( Azmi Haroun | ) www.businessinsider.com time to read: +6 min

Experts are zeroing in on a theory around a plane crash that Russia says killed Yevgeny Prigozhin. According to CNN, fragments of Prigozhin's plane were scattered throughout a 4-mile radius. Analyzing the wreckage"It is very difficult to understand what happened without a proper investigation," Daniel Kwasi Adjekum, an aviation expert at the University of North Dakota, told CNN. So far, flight data from Flightradar24 also paints a patchy picture, showing Prigozhin's plane steeply dropping 8,000 feet in the last 30 seconds of the flight. Robert Schmucker, a rocket expert who works with NATO, also told CNN that the manner in which the plane plummeted down from the sky was highly suspicious.

Persons: Yevgeny Prigozhin, Wagner, Prigozhin, Putin, Daniel Kwasi Adjekum, Robert Schmucker, Schmucker, Markus Schiller, Anthony Brickhouse, Brickhouse, Prigozhin's Organizations: Aviation, CNN, Service, Wagner Group, Novosti, University of North, Washington Post, NATO, telltale, National Transportation Safety Board, Embry, Riddle Aeronautical University, Russian Telegram, Pentagon, Reuters, AP, New York Times, BBC Locations: Russia, Wall, Silicon, Tver, Moscow, Ukraine, Kuzhenkino, University of North Dakota, Europe

Nvidia shares, which had run up in the days leading up to its report, climbed more than 6% on Thursday but pared gains to end the day little changed. However, Nvidia's stock buyback - the fifth-biggest repurchase announcement among U.S.-based companies this year, according to EPFR - surprised some investors. Despite the staggering dollar amount, Nvidia's buyback amounted to only 2.1% of its nearly $1.2 trillion market value, or buyback yield, as of Wednesday. Indeed, some investors welcomed Nvidia's buyback decision. "It’s a show of confidence," said Francisco Bido, senior portfolio manager for F/M Investments' large cap focused fund, which holds Nvidia shares.

Persons: Dado Ruvic, Lip, Daniel Morgan, Morgan, Refinitiv, Tom Plumb, Plumb, buyback, Howard Silverblatt, Dow, Daniel Klausner, Houlihan Lokey, Nvidia's, Francisco Bido, Lewis Krauskopf, Chibuike Oguh, Lance Tupper, Echo Wang, Stephen Nellis, Ira Iosebashvili, Matthew Lewis Organizations: NVIDIA, REUTERS, Nvidia, Companies, Wealth Management, Synovus, Plumb Funds, Arm Holdings, Dow Jones, Apple, Tech, Investments, Thomson Locations: New York, San Francisco

☆ Explosion likely brought down aircraft purportedly carrying Wagner boss, flight data and video analysis suggest
▼ + stars: | 2023-08-25 | by ( Eliza Mackintosh Gianluca Mezzofiore Benjamin Brown Katie Polglase | Eliza Mackintosh | Gianluca Mezzofiore | ) edition.cnn.com time to read: +10 min

The person filming the video zooms in as the aircraft spirals downwards out of control, revealing that it is missing a wing. Credit: Ria NovostiCNN has reviewed flight data and videos, and interviewed aviation and explosive experts, to piece together what happened in the minutes leading up to the crash. The analysis suggests that the private aircraft experienced at least one “catastrophic inflight incident” before it dropped out of the sky. According to CNN’s analysis of available flight data, the plane traveled another 30 miles before it crashed. “Even though the aircraft was not transmitting position information, other data like altitude, speed, vertical rate, and autopilot settings were broadcast.

Persons: Yevgeny Prigozhin, Dmitry Utkin, Vladimir Putin, Rosaviatsia, Prigozhin, ” Flightradar24, ”, Steffan Watkins, Markus Schiller, ” Schiller, Schiller, Robert Schmucker, ” Schmucker, Kuzhenkino, Daniel Kwasi Adjekum Organizations: CNN, Ria Novosti CNN, Pentagon, Kremlin, Embraer, Wagner, Planet Labs, NATO, European Union, United Nations, Aviation, Brazilian, RIA Novosti, University of North Locations: Moscow, St . Petersburg, Credit, Belarus, Russia, Belarusian, Kuzhenkino, Tver, Europe, University of North Dakota

Edward Marrinan, macro credit strategy desk analyst at SMBC Nikko Securities America, added: "Credit risk at this point is mispriced." The move prompted a sell-off in equities and slight widening in corporate credit spreads. The average investment-grade bond spreads as of on Thursday were just a few basis points wider than the tightest levels touched this year in July and 16 basis points tighter from January. Junk-bond spreads are 98 basis points inside January levels. "With market consensus now expecting a soft landing, the credit markets are arguably underpricing default risk," BMO’s Krieter said.

Persons: Brendan McDermid, Cindy Beaulieu, Edward Marrinan, Moody's, Daniel Krieter, Krieter, Marrinan, Manuel Hayes, Hayes, BMO’s Krieter, Shankar Ramakrishnan, Davide Barbuscia, Paritosh Bansal, Jonathan Oatis Organizations: NYSE, American Stock Exchange, New York Stock Exchange, REUTERS, U.S . Federal Reserve, SMBC Nikko Securities America, Reuters Graphics Reuters, Investors, Reuters, BMO Capital Markets, London, Insight Investment, Informa, Thomson Locations: New York City, U.S

☆ Swallowed by a Whale, and Other August Books
▼ + stars: | 2023-08-11 | by ( ) www.nytimes.com time to read: +1 min

If you remember your grade school English lessons, then you know that “man vs. nature” is one of the standby plotlines for storytellers, from “To Build a Fire” to “The Martian.” For readers, the appeal of such stories often lies in the “nature” side of that equation: The more daunting the conditions, the more fun it is to read about the hero’s attempt to survive them. Cue “Whalefall,” Daniel Kraus’s gripping new thriller, in which a teenage scuba diver is inadvertently swallowed alive by a 60-ton sperm whale. Sarah Lyall reviewed the book on our cover recently, and on this week’s podcast she discusses its somewhat disgusting charms with the host Gilbert Cruz. “There’s a lot of viscera and gore and gunk and gelatinous things in this book,” Lyall says. “He’s in a gelatinous sea of crud, and the question is, Can he get out?”Also in this episode, Joumana Khatib takes a look at some of the other August books we’re most excited about.

Persons: ” Daniel Kraus’s, Sarah Lyall, Gilbert Cruz, “, ” Lyall, Joumana Khatib

☆ Chief of Texas' largest county takes medical leave for depression
▼ + stars: | 2023-08-07 | by ( ) www.reuters.com time to read: +1 min

Harris County Judge Lina Hidalgo addresses the news media, the day after a deadly crush of fans during a performance by rapper Travis Scott at the Astroworld Festival, in Houston, Texas, U.S. November 6, 2021. REUTERS/Daniel Kramer/File PhotoHOUSTON, Aug 7 (Reuters) - Lina Hidalgo, chief executive of the third-largest U.S. county and the largest one in Texas, has checked in to a medical facility outside the state to be treated for clinical depression, she said on Monday. Hidalgo, a Democrat elected in 2018 to lead the county of 4.9 million residents, has battled Republican state officials over election administration and police funding. Last November, she won re-election as Harris County judge against a well-funded political novice with a slim margin of about 17,000 votes. Reporting by Gary McWilliams in Houston Editing by Matthew LewisOur Standards: The Thomson Reuters Trust Principles.

Persons: Lina Hidalgo, Travis Scott, Daniel Kramer, Harris, Hidalgo, Kim Ogg, Gary McWilliams, Matthew Lewis Organizations: REUTERS, Democrat, Republican, Thomson Locations: Harris, Houston , Texas, U.S, Texas, Hidalgo, county's, Houston

☆ Russia Accuses Ukraine of Attempted Attack on a Naval Base: Live Updates
▼ + stars: | 2023-08-04 | by ( Victoria Kim | ) www.nytimes.com time to read: +3 min

In the case being decided on Friday, Mr. Navalny, 47, is charged with promoting terrorism, funding extremism and rehabilitating Nazism. Mr. Navalny and Western rights groups have denounced the charges against him as an attempt to silence dissent against President Vladimir V. Putin. At least 15 activists who worked with Mr. Navalny face similar charges, according to his spokeswoman, Kira Yarmysh. Mr. Navalny told a court in late July that he expected to be convicted as well. “Everyone in Russia knows that someone who seeks justice in court is completely defenseless,” Mr. Navalny told the court, according to his team.

Persons: Aleksei A, ”, Navalny, Russia’s, Vladimir V, Putin, Mr, Daniel Kholodny, Kholodny, —, Kira Yarmysh Organizations: Kremlin, Prosecutors, YouTube, Russian, Mr Locations: Melekhovo, Moscow, Russia, Ukraine, Moscow’s, Germany

☆ Verdict Expected in Latest Trial of Russian Opposition Leader Navalny
▼ + stars: | 2023-08-04 | by ( Aaron Boxerman | ) www.nytimes.com time to read: +1 min

Mr. Navalny and Western rights groups have denounced the charges against him as an attempt to silence dissent against President Vladimir V. Putin. “The sentence will be a long one,” Mr. Navalny said in a statement released by his organization on the Telegram app on Thursday before the expected verdict. The latest charges against Mr. Navalny were laid out in Moscow’s district court in late July, and the trial has been conducted in closed-door hearings at the penal colony where he is being held. Daniel Kholodny, who formerly helped run Mr. Navalny’s YouTube channel, has also been charged in the case with funding and promoting extremism. Prosecutors have asked the court to sentence Mr. Kholodny to 10 years in prison; his verdict is also expected on Friday.

Persons: Navalny, Vladimir V, Putin, Mr, Daniel Kholodny, Kholodny Organizations: YouTube, Prosecutors, Kremlin Locations: Moscow’s

☆ French lawmakers raise strategic concerns over Atos sale to Kretinsky
▼ + stars: | 2023-08-03 | by ( ) www.reuters.com time to read: +2 min

The logo of Atos is seen on a company building in Nantes, France, March 11, 2022. REUTERS/Stephane Mahe/File PhotoPARIS, Aug 3 (Reuters) - Talks to sell parts of French company Atos (ATOS.PA) to Czech billionaire Daniel Kretinsky are raising concerns among some French lawmakers, who say the deal risks undermining the independence of France's nuclear deterrence. Lawmakers cannot block a sale of a French company, only the government can if it considers there is a strategic reason for doing so. The lawmakers questioned why an alternative French buyer, a consortium of French companies Astek and ChapsVision, who were reported in French media to have been interested, were not given more consideration. A source close to Astek said Atos's cybersecurity business also hosted other sensitive assets crucial to French intelligence interests.

Persons: Stephane Mahe, Daniel Kretinsky, Atos, Thursday's, Figaro, Cedric Perrin, Kretinsky, Perrin, Astek, Atos's, Michel Rose, Mathieu Rosemain, Sharon Singleton Organizations: REUTERS, Les, Kretinsky, Casino, Reuters, Thomson Locations: Nantes, France, Czech, Europe

☆ A man returned home to find a new $1.5 million house on land he acquired decades ago. Now he's suing for $2 million.
▼ + stars: | 2023-08-03 | by ( Jordan Pandy | ) www.businessinsider.com time to read: +3 min

He is suing the LLC that purchased the land, since he said he never sold it. Fairfield County property records show that the property had been sold in October 2022 for $350,000 to 51 Sky Top Partners LLC. That would include removing the four-bedroom, 4,000-square-foot house that's currently being built on the property by a local construction firm affiliated with 51 Sky Top Partners LLC, CTInsider said. The lawsuit details a claim that a Daniel Kenigsberg of Johannesburg, South Africa, signed "an obviously forged power-of-attorney to steal real property," CTInsider said. Monelli is one of the three owners of 51 Sky Top Partners LLC, along with Gina Leto and Greg Bugaj, CTInsider said.

Persons: Daniel Kenigsberg, Kenigsberg, CTInsider, —, Anthony Monelli, Gina Leto, Greg Bugaj Organizations: Service, Sky, Partners, Coldwell Banker Locations: Connecticut, Wall, Silicon, Fairfield , Connecticut, New Haven, Long, Fairfield County, Johannesburg, South Africa, Trumbull , Connecticut, Monelli

The talks, announced with Kretinsky's EP Equity Investment (EPEI) vehicle, come on top of a 900 million-euro share-sale plan, aimed at further shoring up Atos' balance sheet, the company said. The expected sale would bring in 100 million euros in cash and cut 1.9 billion euros worth of liabilities from the tech company's balance sheet, Atos said. It gives an enterprise value of 2 billion euros to the sold division, named Tech Foundations. Tech Foundations, whose activities generated 4.5 billion euros of revenue last year, offers infrastructure management services. Following the sale of the tech unit, Atos will still rename as Eviden.

Persons: Daniel Kretinsky, Atos, Nathalie Senechault, Paul Saleh, Mathieu Rosemain, Sudip Kar, Edmund Klamann, Sharon Singleton Organizations: PARIS, Kretinsky's, Equity Investment, Tech Foundations, Tech, Casino, Thomson Locations: Czech, Paris, French, France

Atos also said on Tuesday that it plans a 900 million-euro share sale to further shore up its balance sheet. The company said 180 million euros of the shares in the capital raise would be reserved for EPEI, giving it a 7.5% stake in Eviden. The sale of the remaining 720 million euros of new shares will be underwritten by BNP Paribas and JP Morgan, the company said. The expected sale would bring in 100 million euros in cash and cut 1.9 billion euros worth of liabilities from the tech company's balance sheet, Atos said. The sale gives an enterprise value of 2 billion euros to the sold division, which generated 4.5 billion euros of core revenue last year and employs 52,000 people.

Persons: Daniel Kretinsky, Atos, JP Morgan, Nathalie Senechault, Paul Saleh, Mathieu Rosemain, Sudip Kar, Edmund Klamann, Sharon Singleton Organizations: PARIS, Casino, Tech Foundations, Equity Investment, BNP, Thomson Locations: Czech, Europe, France, Eviden

Search resuls for: "Daniel K"

25 mentions found