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☆ Watch CNBC’s full interview with former FTC chairman William Kovacic on Microsoft-Activision ruling
▼ + stars: | 2023-07-11 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC’s full interview with former FTC chairman William Kovacic on Microsoft-Activision rulingWilliam Kovacic, former FTC chairman, joins 'Power Lunch' to discuss the latest on the Microsoft-Activision deal and what it means for future big tech deals.

Persons: William Kovacic Organizations: Microsoft, Activision

☆ Microsoft-Activision win is also a win for Amazon, says former FTC chair William Kovacic
▼ + stars: | 2023-07-11 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailMicrosoft-Activision win is also a win for Amazon, says former FTC chair William KovacicWilliam Kovacic, FMR. FTC chairman, joins 'Power Lunch' to discuss the latest on the Microsoft-Activision deal and what it means for future big tech deals.

Persons: William Kovacic William Kovacic Organizations: Microsoft, Activision, Amazon Locations: FMR

New York City’s complex campaign finance law sits at the heart of the events sketched out in the court papers. The defendants are accused of trying to mask large donations by funneling them through straw donors. On Friday, Evan Thies, a spokesman for the 2021 Adams campaign, thanked prosecutors for “their hard work on behalf of taxpayers.”“The campaign always held itself to the highest standards and we would never tolerate these actions,” Mr. Thies said. The second took place after Mr. Adams had won his primary, effectively ensuring his election as mayor of the heavily Democratic city. For each fund-raiser, according to prosecutors, the defendants recruited straw donors and then reimbursed them.

Persons: Montgomery, Riza, Evan Thies, Adams, ”, ” Mr, Thies, “ Organizations: Mr, Campaign Finance Board, Democratic Locations: York, , New York City

In its lawsuit filed in March aimed at stopping JetBlue's purchase of Spirit, the U.S. Justice Department (DOJ) cited as evidence JetBlue's alliance with American at airports in New York and Boston several times. Calling the partnership a "de facto merger," the DOJ argued that JetBlue's proposed purchase of Spirit, a Florida-based ultra-low cost carrier, would lead to further industry concentration. On Wednesday, JetBlue CEO Robin Hayes said ending the partnership with American has taken the DOJ's "misplaced" concerns off the table and would help when the Spirit case goes to trial in October. New York-based JetBlue, however, views the Spirit deal as a way to expand its domestic footprint amid persistent labor and aircraft shortages. American, Delta (DAL.N), United (UAL.O) and Southwest Airlines (LUV.N) control nearly 80% of the U.S. airline industry.

Persons: JetBlue's, Robin Hayes, Eleanor Fox, Fox, William Kovacic, James Speta, Speta, Rajesh Kumar Singh, Diane Bartz, David Shepardson, Richard Chang Organizations: JetBlue Airways, American Airlines, Spirit Airlines, U.S . Justice Department, DOJ, Wednesday, JetBlue, American, New York University School of Law, Spirit, Former Federal Trade, George Washington University, Virgin America, Alaska Air Group, LaGuardia, Frontier Group Holdings, Northwestern University, Northeast Alliance, Southwest Airlines, U.S, Thomson Locations: CHICAGO, WASHINGTON, American, New York, Boston, Florida, Boston . New York, New, U.S, Chicago, Washington

A New York appeals court on Tuesday dismissed the New York attorney general’s civil case against Donald J. Trump’s daughter Ivanka Trump and potentially limited the case against the former president and his family business, which is set to go to trial in October. Last year, the attorney general, Letitia James, filed a lawsuit against Mr. Trump, his company and three of his adult children, including Ms. Trump, accusing them of fraudulently overvaluing the former president’s assets by billions of dollars to receive favorable loans. On Tuesday, the Appellate Division of the State Supreme Court in Manhattan said in a unanimous ruling that Ms. James’s claims against Ms. Trump should be dismissed because the attorney general missed a deadline for filing the case against her. Ms. Trump was no longer a part of the Trump Organization after 2016, the ruling noted. The appeals court effectively left it to the State Supreme Court judge presiding over the case to determine whether the claims against the other defendants — including Mr. Trump, his company and his two adult sons — should be limited.

Persons: general’s, Donald J, Ivanka Trump, Letitia James, Trump, James’s Organizations: New, Mr, Division, Court, Trump Organization Locations: York, New York, Manhattan

☆ Titan submersible: What's next in the search for the imploded submersible?
▼ + stars: | 2023-06-24 | by ( Zoe Sottile | ) edition.cnn.com time to read: +10 min

The discovery led the US Coast Guard to announce the ship likely imploded, killing all five passengers aboard. The Odysseus 6 discovered debris from the Titan submersible about 1,600 feet from the wreckage of the Titanic on Thursday, according to the US Coast Guard. All five are presumed dead after the “catastrophic implosion” of the submersible, according to the US Coast Guard. On Friday, Coast Guard Rear Adm. John Mauger said, “I don’t have an answer for prospects at this time” when asked about recovering remains. A Coast Guard official said Thursday that authorities are discussing how an investigation would unfold since the implosion took place in international waters.

Persons: Paul Hankins, ”, Tom Maddox, “, John’s, Shahzada, Suleman Dawood, Hamish Harding, Paul, Henri Nargeolet, John Mauger, ” Aileen Marty, CNN’s Anderson Cooper, ” OceanGate, Mauger, Rush, What’s, OceanGate’s, David Lochridge, William Kohnen, OceanGate, classing, ” Rush, David Pogue, don’t, Don’t Organizations: CNN, Titan, US Coast Guard, Research Services, Coast Guard, Forensic Investigators, Deep Energy, Stockton Rush, OceanGate Expeditions, Florida International University, Maritime Horizon Services, Maritime Horizon, Navy, ”, Authorities, Canada, Transportation, Board of Canada, Transportation Safety Board of Canada, TSB, Canadian, Twitter, National Transportation Safety, Marine Technology, American Bureau of Shipping, Lloyd’s, Rush Locations: Canada, St, British, French, Newfoundland, John’s, Labrador

☆ OceanGate co-founder defends safety record, says Titan development 'led to successful science expeditions'
▼ + stars: | 2023-06-23 | by ( Charles R. Davis | ) www.businessinsider.com time to read: +4 min

The co-founder of OceanGate on Friday defended the company's commitment to safety. Guillermo Söhnlein said the Titan submersible was put through a "very robust" development program. Development of the Titan "certainly led to successful science expeditions to the Titanic," he said. "I think one of the issues that keeps coming up is everyone keeps equating certification with safety and is ignoring the 14 years of development of the Titan sub," Söhnlein told the BBC. The development program was indeed "very robust," Söhnlein said, "and certainly led to successful science expeditions to the Titanic."

Persons: OceanGate, Guillermo Söhnlein, —, Söhnlein, James Cameron, Cameron, William Kohnen, It's, Kohnen Organizations: Titan, Service, Stockton Rush, BBC, Marine Technology Society, Marine Technology Locations: Newfoundland

From big-box chains Walmart (WMT.N) and Best Buy (BBY.N) to specialty retailers like Savage X Fenty and Adore Me, retailers' subscription programs are facing growing scrutiny. Amazon is under fire from the U.S. Federal Trade Commission, which filed a lawsuit against it in Seattle. Amazon "substantially revamped its Prime cancellation process" to some customers before the lawsuit was filed, according to the complaint. He withdrew the lawsuit, according to the court docket. Best Buy in 2021 launched a subscription program offering tech support and discounts on products.

Persons: Amazon, William Kovacic, Kathleen Benway, SAVAGE, Savage X, Savage, Ranjan Roy, Me's, Morgan Stanley, Spencer Sheehan, Arriana McLymore, Kate Masters, Siddharth Cavale, Muralikumar Organizations: YORK, Amazon.com Inc, Euromonitor Inc, U.S . Federal Trade Commission, FTC, Amazon, George Washington University Law School, FTC's, Consumer, WALMART, BEST, Walmart, Thomson Locations: Seattle, United States, U.S, Europe, California, Michigan, New York City

The brief order by the federal judge, Aileen M. Cannon, instructed the lawyers to reach out to the Litigation Security Group at the Justice Department by Tuesday to “expedite” the process for getting a clearance. Neither of the lawyers who appeared with Mr. Trump at his arraignment in Miami on Tuesday — Todd Blanche and Christopher M. Kise — have active security clearances, but both have been in touch with the Justice Department about getting them, a person familiar with the matter said. Mr. Blanche, a former federal prosecutor, used to have one, and a member of Mr. Kise’s law firm has one now, the person said. That member will be assisting in Mr. Trump’s case. Any lawyer representing Mr. Trump — and he is still considering candidates — is going to need an active clearance because he has been accused of illegally taking 31 documents with him when he left office, many of which were classified as top secret, one of the country’s most sensitive security designations.

Persons: Donald J, Aileen M, Cannon, Trump, — Todd Blanche, Christopher M, Kise —, Blanche Organizations: Litigation Security, Justice Department, Mr, Trump — Locations: Miami

☆ To Truly Understand the Past, Pick Up an Old Magazine
▼ + stars: | 2023-06-13 | by ( Brian Dillon | ) www.nytimes.com time to read: +3 min

And not a single mention yet of AIDS; in a Wrangler ad, a model’s speech bubble announces, oblivious: “I’m Positive.” In these magazine pages, it both is and is not the 1984 of my memory. “Priceless flotsam they seemed to us then,” Elizabeth Hardwick once wrote, recalling her youthful fascination with old jazz records. I’ve long felt the same way about magazines, old and new. Old magazines are cheap time machines, archaeologies of collective desire. Find a print issue, specialist or popular, preferably more than 20 years old (though 10 may do the trick), and read it from cover to cover.

Persons: Kate Bush, won’t, ” It’s, Roland, ” Elizabeth Hardwick, Joan Didion, ”, Hardwick, Alberto Giacometti, Gordon Parks, William Klein Organizations: Vogue Locations: London, New York, Dublin, ., Mexico City

Around the same time, she was told she could not make discretionary promotions even at the lower levels of the department without getting clearance from the Adams administration, said Kenneth Corey, the former chief of the department, who worked under Ms. Sewell until he retired in November. “She was gradually being stripped of power,” he said. “They wonder what’s next,” he said. Ms. Sewell has not provided a reason for her decision to leave the job, which paid about $243,000 a year. On Tuesday afternoon, her office released a statement in which she thanked Mr. Adams — whom she had not mentioned in the internal email announcing her resignation — for the opportunity to lead the department.

Persons: Adams, Kenneth Corey, Sewell, “, ”, Corey, Ms, Mr, Sewell’s, what’s, Adams —, — Locations: ”

☆ Vegas Golden Knights one win away from clinching first Stanley Cup in franchise history
▼ + stars: | 2023-06-11 | by ( Homero De La Fuente | ) edition.cnn.com time to read: +2 min

CNN —The Vegas Golden Knights are one win away from clinching a first Stanley Cup in the franchise’s history after a nail-biting 3-2 victory against the Florida Panthers on Saturday. Making only their second appearance in the final, the Golden Knights take a commanding 3-1 lead in the series and can secure the Stanley Cup in Game 5 on Tuesday in Las Vegas. Chandler Stephenson of the Vegas Golden Knights scores past Sergei Bobrovsky of the Florida Panthers. Despite several close encounters, including a final attempt at the buzzer stopped by Golden Knights goalie Adin Hill, the Panthers late-game heroics fell just short. According to the NHL, teams with a 3-1 lead in the Stanley Cup Final have a 36-1 (.973) all-time series record.

Persons: Chandler Stephenson, Stephenson, William Karlsson, Brandon Montour, Sergei Bobrovsky, Bruce Bennett, Aleksander Barkov, Adin Hill, Hill Organizations: CNN, Vegas, Knights, Stanley, Florida Panthers, Golden Knights, Las Vegas . Vegas, FLA, Florida, Panthers, Vegas Golden Knights, Getty, NHL Locations: Las Vegas, Sunrise , Florida

The judge, Aileen M. Cannon, who Mr. Trump appointed to the bench in 2020, is scheduled — at least for now — to preside over the former president’s first appearance in Federal District Court in Miami on Tuesday, the people said. But it was not clear whether Judge Cannon would remain assigned for the entirety of Mr. Trump’s case. Judge Cannon’s involvement was earlier reported by ABC News. The chances that Judge Cannon would randomly receive the assignment were low. There are 15 active Federal District Court judges in South Florida, along with 11 on senior status who are still assigned to hear cases but at a reduced workload.

Persons: Donald J, Trump, Aileen M, Cannon, Judge Cannon’s, Angela Noble Organizations: Mr, Court, ABC News, Southern, Southern District of, The New York Times Locations: Miami, Southern District, Southern District of Florida, South Florida

The Justice Department on Thursday took the legally and politically momentous step of lodging federal criminal charges against former President Donald J. Trump, accusing him of mishandling classified documents he kept upon leaving office and then obstructing the government’s efforts to reclaim them. Mr. Trump confirmed on his social media platform that he had been indicted. The charges against him include willfully retaining national defense secrets in violation of the Espionage Act, making false statements and a conspiracy to obstruct justice, according to two people familiar with the matter. The Justice Department made no comment on the indictment Thursday and did not immediately make the document public. The indictment, handed up by a grand jury in Federal District Court in Miami, is the first time a former president has faced federal charges.

Persons: Donald J, Trump, Biden Organizations: Department, Justice, Court Locations: Miami

Once he was sworn in as president, Mr. Trump reimbursed Mr. Cohen. Rather than publish her account, the tabloid suppressed it in cooperation with Mr. Trump and Mr. Cohen, prosecutors say. Legal experts say that Mr. Trump and others appear to be at “substantial risk” of prosecution for violating a number Georgia statutes, including the state’s racketeering law. But if she were to prevail at trial, a judge could impose steep financial penalties on Mr. Trump and restrict his business operations in New York. Ms. James’s investigators questioned Mr. Trump under oath in April, and a trial is scheduled for October.

Persons: Donald J, Trump, Trump’s, Jack Smith, Alvin L, Bragg, Stormy Daniels, Michael D, Cohen, Daniels, Karen McDougal, McDougal, Brad Raffensperger, Biden’s, —, Emily Kohrs, “ You’re, ”, “, Willis, Jan, Mr . Biden, Smith, Mike Pence, Mark Meadows, Letitia James, Mr, James, Donald Jr, Eric, Jonah E, Rebecca Davis O’Brien, Michael Gold, Michael Rothfeld, Ed Shanahan, Richard Fausset, Ashley Wong Organizations: Capitol, Manhattan, National Enquirer, Mr, ., The New York Times, Justice Department, Trump, Prosecutors, White House, Trump White House, New York, Civil, New Locations: Manhattan, Georgia, . Georgia, Fulton County, United States, Washington, Trump’s, New, New York, Bromwich

☆ Trump Asks Judge in Hush-Money Case to Step Aside
▼ + stars: | 2023-05-31 | by ( William K. Rashbaum | Ben Protess | ) www.nytimes.com time to read: +1 min

Former President Donald J. Trump is asking the judge overseeing his criminal case in Manhattan to step aside, citing ties between the judge’s family and Democratic causes, Mr. Trump’s lawyers said in a statement Wednesday. The motion for recusal, which has not yet been filed publicly, represents the latest effort by Mr. Trump’s lawyers to move his case away from the judge, Juan M. Merchan of State Supreme Court in Manhattan. The Trump legal team also recently sought to shift the case, brought by the Manhattan district attorney, to federal court. Mr. Bragg’s case centers on a hush-money payment to a porn star in the last days of the 2016 presidential campaign. The $130,000 payment, made by Mr. Trump’s former fixer, bought the silence of the porn star, who was otherwise poised to tell her story of a sexual encounter with Mr. Trump.

Persons: Donald J, Trump, Juan M, Alvin L, Bragg, Merchan, Trump’s Organizations: Court, Trump Locations: Manhattan

One of Donald J. Trump’s longtime lieutenants, Allen H. Weisselberg, was recently released from the notorious Rikers Island jail complex after pleading guilty to a tax fraud scheme. Yet Mr. Weisselberg’s legal troubles are far from over. The Manhattan district attorney’s office is now considering a new round of criminal charges against Mr. Weisselberg, 75, and this time he could be charged with perjury, according to people with knowledge of the matter. The threat of new charges represents the latest effort in a two-year campaign to persuade Mr. Weisselberg to testify against Mr. Trump. Mr. Weisselberg has so far refused to turn against his former boss, but the prosecutors recently ramped up the pressure, warning his lawyers that they might bring the perjury charges if their client declined to testify against Mr. Trump, two of the people said.

☆ How to watch the PGA Championship: Start time, channels, and other things to know
▼ + stars: | 2023-05-18 | by ( Jack Bantock | ) edition.cnn.com time to read: +11 min

Rob Schumacher/USA Today Network Tiger Woods walks the 18th green during the second round on Saturday, April 8. David J. Phillip/AP Fred Couples waves to patrons after finishing his second round on Saturday. Patrick Smith/Getty Images Patrick Cantlay plays a shot from a bunker on the 18th hole on Saturday. Rob Schumacher/USA Today Network Adam Scott plays a bunker shot on the second hole Thursday. Rob Schumacher/USA Today Network Hideki Matsuyama, who won the tournament two years ago, looks over a putt on the second hole.

But for months, Mr. Santos has denied any criminal wrongdoing, even as he has admitted to lying about going to college and working for prestigious Wall Street firms. When he appears before a judge on Wednesday, Mr. Santos will hear the government’s case against him. Shortly thereafter, prosecutors will argue for the terms of release they believe to be appropriate to ensure that Mr. Santos returns to court. It is not yet clear whether Mr. Santos will lodge a plea or if he will be asked to do so in a subsequent hearing. Court records show that Mr. Santos spent nearly $700 using a stolen checkbook and a false name at a store near Rio de Janeiro.

Details of the case against Mr. Santos remain under seal, and the charges against him will not be revealed until later on Wednesday. A spokeswoman in Washington referred all questions to Mr. Santos’s lawyer, who did not respond to requests for comment. But for months, Mr. Santos has denied any criminal wrongdoing, even as he has admitted to lying about going to college and working for prestigious Wall Street firms. It is not yet clear whether Mr. Santos will lodge a plea or if he will be asked to do so in a subsequent hearing. Court records show that Mr. Santos spent nearly $700 using a stolen checkbook and a false name at a store near Rio de Janeiro.

Representative George Santos, the New York Republican who fell under numerous investigations over his personal and campaign finances after his biography was found to be a web of lies and exaggerations, has been charged by federal prosecutors in Brooklyn, two people familiar with the investigation said. Mr. Santos, his lawyer and a spokeswoman in his Washington office did not immediately respond to requests for comment. A spokesman for the U.S. attorney’s office in Brooklyn could not be reached for comment; an F.B.I. The specific charges against Mr. Santos, who last month announced he would run for re-election in his district in Long Island and part of Queens, are not yet clear. CNN reported that Mr. Santos could appear as soon as Wednesday in federal court.

CNN —Prince William paid tribute to his “Pa” King Charles III at the coronation concert on Sunday, saying “we are all so proud of you” as he evoked the memory of the late Queen Elizabeth II. Instead, William said he simply wanted to “say a few words about my father and why I believe this weekend is so important.”Prince William, Prince of Wales (left); Queen Camilla and King Charles III (right) at the Coronation Concert on Sunday. Yui Mok/WPA Pool/Getty ImagesHe went on to pay a heartfelt tribute to the King, outlining his commitment to service over the years. My father’s first words on entering Westminster Abbey yesterday were a pledge of service,” Prince William remarked. Police arrested dozens of people during the coronation, after controversially promising a “robust” approach to protesters.

A New York Times analysis of about 30 false business records cases brought by Mr. Bragg and his predecessor — based on court records, interviews and information the office provided — shows that in this respect, the case against Mr. Trump stands apart. In all but two of the indictments reviewed by The Times, the defendant was charged with an additional crime on top of the false records charge. The decision to charge Mr. Trump with 34 counts of falsifying business records — and no other crimes — highlights the unique nature of the case, the first indictment of a former American president. Mr. Bragg, a Democrat, has drawn criticism from Mr. Trump’s allies, who say that he bumped up the charges to a felony for political reasons. Mr. Bragg also said, at a news conference on the day of Mr. Trump’s arraignment, that an option for the second crime could be a federal election law violation, under the theory that the hush money illegally aided Mr. Trump’s candidacy.

Charles III has commissioned new works for his coronation, adding to the rich tapestry of pieces composed for the occasion. The first coronation music was likely sung chants, which, starting in 1603 with the coronation of James I, were refashioned into coronation anthems now with English text. Both have since become staples in the coronation service. And at the most recent coronation, comparisons between Elizabeth II and Charles III are unsurprisingly being made. Charles III’s coronation is set to usher in the new Carolean era, in the hopes that it will reflect its namesake Charles II and his contributions to art and music.

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