DIRS.INFO The most relevant business & tech news

☆ Jailed Iranian American appeals to Biden, starts hunger strike
▼ + stars: | 2023-01-16 | by ( Arshad Mohammed | ) www.reuters.com time to read: +2 min

Siamak Namazi made the plea in a letter to Biden seven years to the day that Iran released five other U.S. citizens in a prisoner exchange choreographed to coincide with the implementation of the 2015 Iran nuclear deal. Namazi, whose father was allowed to leave Iran in October for medical treatment after being detained on espionage-related charges rejected by Washington, said he would be on a hunger strike for the same seven days. read more"All I want sir, is one minute of your days' time for the next seven days devoted to thinking about the tribulations of the U.S. hostages in Iran," he added. Asked for comment, a White House national security council spokesperson said the government was committed to securing Namazi's freedom. "We are working tirelessly to bring him home along with all U.S. citizens who are wrongfully detained in Iran," the spokesperson said.

People communicate with each other at the Congress Center for the World Economic Forum WEF Annual Meeting 2023 in Davos, Switzerland, Jan. 15, 2023. DAVOS, Switzerland – U.S. lawmakers quietly took part in a private ritzy lunch atop the World Economic Forum on Monday featuring dozens of influential business leaders, according to people with direct knowledge of the matter. Joe Manchin, D-W.Va., Chris Coons, D-Del., Kyrsten Sinema, I-Ariz. and a few members of the House of Representatives, these people explained. Coons, Manchin, Sinema and Kemp are among the U.S.-based officials scheduled to participate in panel sessions at this year's conference. These private events on the sidelines of the World Economic Forum often serve as meet-and-greets between CEOs, billionaires and government officials.

☆ President Biden to give sermon at Martin Luther King's church in Atlanta
▼ + stars: | 2023-01-15 | by ( Steve Holland | ) www.reuters.com time to read: +2 min

WILMINGTON, Del., Jan 15 (Reuters) - President Joe Biden will become the first sitting American president to speak at a Sunday service at Martin Luther King Jr.'s church in Atlanta as he seeks to bolster support among African Americans ahead of an expected run for re-election in 2024. Marking the national holiday celebrating the slain civil rights leader, Biden will deliver a sermon at Ebenezer Baptist Church at the invitation of its pastor, Democratic U.S. King was pastor of Ebenezer church from 1960 until his death. Many presidents, including Biden, have visited Ebenezer to honor King, usually during events around the time of his birthday. The Atlanta visit comes as Biden girds for what is expected to be an announcement of his re-election bid in the weeks ahead.

☆ Additional Documents Marked as Classified Found at Biden’s Delaware Residence
▼ + stars: | 2023-01-14 | by ( Sabrina Siddiqui | ) www.wsj.com time to read: 1 min

Additional pages marked as classified were found at President Biden’s Wilmington, Del., residence and have been given to the Justice Department, the White House counsel said Saturday, the latest revelation over the handling of classified information that has emerged this week. The documents were discovered after Mr. Biden’s attorneys said earlier that some classified material, likely dating from his time as vice president, had been found in his garage at the residence in December.

☆ The Classified Biden Documents: A Timeline of What Happened and When
▼ + stars: | 2023-01-13 | by ( Sadie Gurman | ) www.wsj.com time to read: 1 min

President Biden’s actions after he left the vice presidency in 2017 are drawing more scrutiny. Aides found classified records dating from President Biden’s time as vice president at his Wilmington, Del., home and at an office he used at a Washington-based think tank bearing his name. The discoveries prompted Attorney General Merrick Garland to appoint a special counsel to examine why the material ended up there, similar to the one he named to investigate classified documents found at former President Donald Trump‘s Mar-a-Lago home in Florida.

☆ Sam Bankman-Fried Says Law Firm Worked Closely With FTX Before Bankruptcy
▼ + stars: | 2023-01-13 | by ( Mengqi Sun | ) www.wsj.com time to read: +5 min

Sam Bankman-Fried said cryptocurrency exchange FTX had a closer relationship than previously disclosed with its bankruptcy law firm Sullivan & Cromwell LLP, adding to questions about the law firm’s work for past FTX management. Mr. Bankman-Fried is currently under house arrest at his parents’ California home as he faces federal fraud charges. Sullivan & Cromwell was one of two primary law firms FTX International used before the bankruptcy and it was FTX U.S.’s main law firm, Mr. Bankman-Fried wrote in a post Thursday on Substack, an online subscription-based newsletter platform. He added that FTX U.S.’s general counsel was a former member of the law firm without naming him. The new FTX CEO would also be in charge of the bankruptcy process that later picked the law firm as the bankruptcy counsel.

WASHINGTON—Attorney General Merrick Garland on Thursday named Robert Hur, a former U.S. attorney during the Trump administration, as special counsel to examine why classified documents were found at President Biden’s home and office, intensifying scrutiny of Mr. Biden’s actions after he left the vice presidency in 2017. The appointment came after Mr. Biden’s lawyer said aides found classified records, likely dating from Mr. Biden’s time as vice president, at his Wilmington, Del., garage and at an office he used at a Washington-based think tank that bears his name. It heightens political pressure on the White House and sets up the unusual prospect of three concurrent Justice Department special counsels, two of whom are investigating the actions of the president or his chief rival for office. Lawmakers from both parties in Congress have also demanded details on the discovery of the documents.

An attorney for Musk, as well as Tesla and several directors who are also defendants, declined to comment. Musk surrendered the Tesla chairman position and agreed to let a company lawyer vet some of his tweets. He won a bench trial in Delaware's Court of Chancery last year over claims by Tesla shareholders that he allegedly coerced the Tesla board into buying SolarCity, a rooftop solar panel maker. Tesla shareholders had sought billions in damages and they have appealed. Around half are dismissed for failing to comply with securities law and most of the rest are settled.

☆ Additional Classified Documents Found at Biden’s Delaware Home
▼ + stars: | 2023-01-12 | by ( Tarini Parti | ) www.wsj.com time to read: 1 min

WASHINGTON—President Biden’s aides found an additional batch of a small number of classified records after searching his residences in Wilmington and Rehoboth Beach, Del., Richard Sauber, Mr. Biden’s lawyer, said in a statement Thursday. “All but one of these documents were found in storage space in the President’s Wilmington residence garage,” Mr. Sauber said. “One document consisting of one page was discovered among stored materials in an adjacent room. No documents were found in the Rehoboth Beach residence.”

A Virginia bill would deem a pregnant person's fetus a passenger in a car, thereby allowing the vehicle to use the car pool lane on highways. Under the bill, the certifications would then be "linked" to toll collection devices — typically E-Z Passes — in vehicles. High occupancy lanes require drivers to have at least one passenger in their vehicles when they use the lanes. And by considering a pregnant person as two people — in this case, allowing a pregnant person to use an HOV lane — you're ultimately making it harder to uphold abortion rights, because you have essentially imbued a fetus with personhood," Nash added. Doug Ducey, a Republican, that included a provision, carried over from a 2021 law, that reproductive rights advocates say granted personhood to fetuses.

☆ FTX Says It Has Located More Than $5 Billion in Cash, Liquid Assets
▼ + stars: | 2023-01-12 | by ( Becky Yerak | ) www.wsj.com time to read: 1 min

Bankrupt cryptocurrency exchange FTX said it has located more than $5 billion in cash and other liquid assets and is hoping to sell hundreds of additional investment holdings with a book value of more than $4.6 billion. Those assets are valued as of FTX’s bankruptcy filing in November and don’t include $425 million held by authorities in the Bahamas, company lawyers said on Wednesday in the U.S. Bankruptcy Court in Wilmington, Del.

☆ Watch live: Attorney General Merrick Garland makes statement at Department of Justice
▼ + stars: | 2023-01-12 | by ( Dan Mangan | ) www.cnbc.com time to read: 1 min

[The stream is slated to start at 1:15 p.m. Please refresh the page if you do not see a player above at that time.] Attorney General Merrick Garland is set to make a public statement on Thursday afternoon at the Department of Justice. The event was scheduled on the same day that President Joe Biden and his lawyer revealed that a second batch of classified government documents was discovered in a storage space in the garage of Biden's home in Wilmington, Del. Garland had assigned John Lausch, the U.S. Attorney in Chicago, to handle the probe.

☆ Tesla investors argue Musk can receive fair 'funding secured' trial in San Francisco
▼ + stars: | 2023-01-11 | by ( Tom Hals | Thomson Reuters | Award-Winning Reporter With More Than Two Decades Of Experience In International News | ) www.reuters.com time to read: +3 min

Videos of an audience booing Musk during a surprise appearance at a Dave Chappelle show in San Francisco in December were circulated online. Tesla moved its headquarters from the San Francisco area to Texas in 2021. Musk tweeted in August 2018 that he had "funding secured" to take Tesla private, sparking 10 days of volatile trading in its stock shares, bonds and options. Defendants, which also include Tesla and its board at the time, will make their case that Musk was not misleading investors in a material way. Additional reporting by Hyunjoo Jin in San Francisco Editing by Matthew LewisOur Standards: The Thomson Reuters Trust Principles.

The U.S. Commodities Futures Trading Commission has estimated missing customer funds at more than $8 billion. The affiliates -- LedgerX, Embed, FTX Japan and FTX Europe -- are relatively independent from the broader FTX group, and each has its own segregated customer accounts and separate management teams, according to FTX court filings. In part to preserve the value of its businesses, FTX also sought Dorsey's approval to keep secret 9 million FTX customer names. Dorsey allowed the names to remain under wraps for only three months, not six months as FTX wanted. In addition to customer funds lost, the collapse of the company has also likely wiped out equity investors.

[1/3] The logo of Robinhood Markets, Inc. is seen at a pop-up event on Wall Street after the company's IPO in New York City, U.S., July 29, 2021. REUTERS/Andrew KellyJan 4 (Reuters) - U.S. prosecutors are in the process of seizing shares of Robinhood Markets Inc (HOOD.O) tied to Sam Bankman-Fried, who has been charged with fraud in the collapse of the FTX cryptocurrency exchange, a U.S. attorney told a judge on Wednesday. He said the Robinhood shares were subject to litigation and it was an "open question" about who owns them. The Robinhood stock, worth about $465 million at Wednesday's late afternoon price of $8.30 per share, is also being claimed by BlockFi Inc, another bankrupt crypto firm. BlockFi is suing Emergent in a bid to seize the Robinhood stock, which was pledged by Alameda as collateral to guarantee repayment of a loan made by BlockFi.

[1/3] The logo of Robinhood Markets, Inc. is seen at a pop-up event on Wall Street after the company's IPO in New York City, U.S., July 29, 2021. The Department of Justice did not believe the 56 million shares of Robinhood, worth about $465 million, were property of a bankruptcy estate, U.S. attorney Seth Shapiro told U.S. Bankruptcy Judge John Dorsey, who is overseeing the FTX bankruptcy. Bankrupt crypto firm BlockFi, FTX and liquidators in Antigua have all laid claim to the Robinhood stock, along with Bankman-Fried. He said the Robinhood shares were subject to litigation and it was an "open question" about who owns them. BlockFi is suing Emergent in a bid to seize the Robinhood stock, which was pledged by Alameda as collateral to guarantee repayment of a loan made by BlockFi.

WASHINGTON — Patrick Leahy was swept into the Senate nearly a half-century ago in the wake of the Watergate scandal and President Richard Nixon’s resignation and pardon. Ron Frehm / APSen. Leahy take photos on the inaugural stand during Barack Obama's presidential inauguration at the Capitol on Jan. 21, 2013. Let’s stay here and vote where we can be seen.”Sen. Leahy, D-Vt., walks to the Senate Chamber on Jan. 6, 2021. Ira Schwarz / APSupreme Court nominee Judge Sonia Sotomayor is sworn in by committee chairman Sen. Leahy, D-Vt., during her confirmation hearing in 2009 in Washington. Richard Shelby, R-Ala., and Patrick Leahy, D-Vt., in the Senate subway.

☆ Delaware Man Is Sentenced in Plot to Kidnap Michigan Gov. Gretchen Whitmer
▼ + stars: | 2022-12-28 | by ( Ben Kesling | ) www.wsj.com time to read: 1 min

Another of the men convicted in a plot to kidnap Michigan Gov. Gretchen Whitmer was sentenced Wednesday to 235 months, or nearly 20 years in prison. Barry Croft, 47 years old, of Bear, Del., was described by federal prosecutors as the ideas man in the foiled 2020 plan to kidnap Ms. Whitmer, a Democrat. The scheme was stopped by the Federal Bureau of Investigation before the men could harm the governor. The group of plotters was saturated with informants, and defense attorneys claimed the men were encouraged and entrapped.

Ellison and FTX co-founder Gary Wang both pleaded guilty and are cooperating with prosecutors as part of their plea agreements. Roos said Bankman-Fried carried out a "fraud of epic proportions" that led to the loss of billions of dollars of customer and investor funds. Bankman-Fried has acknowledged risk-management failures at FTX but said he does not believe he has criminal liability. A flurry of customer withdrawals in early November amid concerns about commingling of FTX funds with Alameda prompted FTX to declare bankruptcy on Nov. 11. Bankman-Fried was arrested in the capital Nassau on Dec. 12 and arrived in the United States on Wednesday after consenting to extradition.

☆ Sen. Chris Coons: I support the $1.7 trillion spending bill, but I do not like the process
▼ + stars: | 2022-12-23 | 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 EmailSen. Chris Coons: I support the $1.7 trillion spending bill, but I do not like the processSen. Chris Coons (D-Del.) joins CNBC's 'Squawk Box' to discuss the $1.7 omnibus bill that passed the Senate on Thursday, and the rushed process to approve the government's spending bill.

☆ Alameda's ex-CEO tells judge she hid billions in loans to FTX execs
▼ + stars: | 2022-12-23 | by ( Luc Cohen | Thomson Reuters | Reports On The New York Federal Courts. Previously Worked As A Correspondent In Venezuela | ) www.reuters.com time to read: +1 min

Companies Alameda Research FollowNEW YORK, Dec 23 (Reuters) - Sam Bankman-Fried and other FTX executives received billions of dollars in secret loans from the crypto mogul's Alameda Research, the hedge fund's former chief told a judge in her guilty plea for her role in the exchange's collapse. "We prepared certain quarterly balance sheets that concealed the extent of Alameda’s borrowing and the billions of dollars in loans that Alameda had made to FTX executives and to related parties," Ellison told U.S. District Judge Ronnie Abrams in Manhattan federal court, according to the transcript. Bankman-Fried has been accused of orchestrating an "epic" fraud that led to the loss of billions of dollars of customer and investor funds. He has acknowledged risk-management failures at FTX but said he does not believe he has criminal liability and he has not entered a plea. Reporting by Luc Cohen in New York Writing by Tom Hals in Wilmington, Del.

☆ Virginia on track to send first Black woman to Congress
▼ + stars: | 2022-12-22 | by ( Zoë Richards | Zoë Richards Is The Evening Politics Reporter For Nbc News. | ) www.nbcnews.com time to read: +3 min

State Sen. Jennifer McClellan is on track to become the first Black woman to represent Virginia in Congress after she won the Democratic primary Thursday to fill the seat of Democratic Rep. Donald McEachin, who died last month from cancer. Lamont Bagby, the chair of the Virginia Legislative Black Caucus, in the primary. Morrissey resigned from his state House seat in 2014, but he then ran for that same seat as an independent and won in 2015 — while serving time in jail. Democratic Sen. Tim Kaine of Virginia also threw his support behind her. McClellan had also won the support of other Black leaders in the district, including Richmond Mayor Levar Stoney.

Share this -Link copied'It's too much for me': Zelenskyy begins speech by thanking U.S. Zelenskyy began his remarks before a joint meeting of Congress at 7:40 p.m. "I think we share the exact same vision, that of a free, independent and prosperous Ukraine," Biden said. The Ukrainian president added that the soldier told him that "many (of) his brothers, this system saved." President Joe Biden holds a medal presented to him by Ukrainian President Volodymyr Zelenskyy in the Oval Office. Share this -Link copiedPhoto: Zelenskyy shakes hands with Biden as he arrives President Joe Biden welcomes Ukrainian President Volodymyr Zelenskyy to the White House.

President Zelenskyy is an inspiring leader. He's expected to visit the White House before addressing a joint session of Congress at the Capitol. A group of soldiers who helped defend Bakhmut gave him a Ukrainian flag and asked him to get it to Congress — and the Ukrainian president promised to give it to Biden himself. We will pass it on from the boys to the Congress, to the president of the United States. We are grateful for their support, but it is not enough.” Share this -Link copied

☆ New bill will force Twitter, TikTok and other social media platforms to increase transparency by sharing internal data
▼ + stars: | 2022-12-21 | by ( Chelsey Cox | ) www.cnbc.com time to read: +3 min

A bipartisan group of senators introduced a bill on Wednesday aimed at increasing transparency for Twitter , Facebook and other social media companies as lawmakers debate whether to ban TikTok. The Platform Accountability and Transparency Act is intended to make the companies' internal data more accessible to the public by requiring the submission of necessary data to independent researchers. Under the proposal, social media companies would be compelled to provide internal, privacy-protected data to researchers who've been approved by the National Science Foundation, an independent agency. The bill protects researchers from legal liabilities associated with automatic data collection if certain privacy safeguards are followed. Earlier this month, lawmakers floated a bill to ban the popular social media platform TikTok in the U.S. after years of speculation about the Chinese government's influence on ByteDance, the China-based company that owns TikTok.

Search resuls for: "Del."

25 mentions found