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Advertisement"The banks are going to have to dispose of that real estate," Barkham told Business Insider in an interview. John Vavas, a real estate finance attorney at Polsinelli who works with commercial real estate lenders, has worked on a handful of office-to-residential conversion deals this year. There's around 1.2 billion square feet worth of office space that could be spun into residential space, Yardi said in a separate report. Late payments on commercial real estate loans have climbed to 1.42% in the second quarter, the highest rate in nearly 10 years. Commercial real estate prices, meanwhile, dropped another 9% year-over-year in the first quarter, Fed data shows.
Persons: , Richard Barkham, Barkham, RentCafe, John Vavas, Yardi, Vavas Organizations: Service, Federal, Silverstein Properties, Washington DC Locations: New York, United States, New York City, Dallas, Chicago, Los Angeles
But in general, this is the kind of development we've hoped to see ever since Starbucks' massive earnings miss April 30. We'll take the nearly 7% pop in shares Friday and hope it's only the beginning of recovery for the beaten-up stock. Fed's fave inflation measure : The personal spending and income report will be the most closely watched economic report next week. Earnings : As the second-quarter earnings season picks up pace, we'll hear from five Club holdings next week including Google parent Alphabet . Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio.
Persons: Russell, Donald Trump, — Trump, Jim Cramer, Trump, Donald Trump's, Taiwan's TSMC, Joe Biden's, Biden, Biden's, he's, Elliott, we've, We'll, it's, we'll, Sartorius, Ford, Jim Farley, We're, Honeywell management's, , Zions, BOK, Brown, BRO, Lockheed Martin, Philip Morris, Clark, Lamb, Edwards Lifesciences, DOV, Dr Pepper, CARR, Baker Hughes, Booz Allen Hamilton, Jim Cramer's, Jim Organizations: Federal Reserve, Nasdaq, Dow, Republican National Convention, GOP, Bloomberg Businessweek, Trump, Elliott Management, Starbucks, Street Journal, Technology, General Motors, Honeywell, Dover, Products Company, Verizon, Truist, SAP, Semiconductors, Crown Holdings, Cadence Design Systems, Medpace Holdings, AGNC Investment, Logitech International S.A, KKR Real Estate Finance Trust, Berkley Corp, Spotify Technology S.A, United Parcel Service, GE Aerospace, GE, Cola Company, Lockheed, Comcast, Polaris Industries, Philip Morris International, Company, HCA Healthcare, Moody's Corporation, Enphase Energy, Texas Instruments Incorporated, Chubb Corporation, Seagate Technology plc, Maine, Packaging Corporation of America, Weatherford International plc, Canadian National Railway Company, FTAI Aviation Ltd, Mattel, Vertiv Holdings Co, Lamb Weston Holdings, NextEra Energy, Tenet Healthcare, Fisher, GE Vernova, Boston Scientific Corporation, General Dynamics, Lennox International, Software Technologies, CME Group, Fortive Corporation, Co, Roper Technologies, Teck Resources Limited, Blackstone Mortgage Trust, Economico Mexicano S.A, Dominion Freight, Otis Worldwide Corporation, OTIS, Ford Motor Company, Grill, Business Machines, IBM, Viking Therapeutics, Las Vegas Sands Corp, Newmont, Whirlpool, Globe, WM, O'Reilly Automotive, Annaly Capital Management, Honeywell International, American Airlines Group, Hasbro, Southwest Airlines Co, New York Community Bancorp, RTX Corporation, AstraZeneca, Carrier Global Corporation, Integer Holdings Corporation, Valero Energy, Texas, Juniper Networks, Boston Beer Company, Physicians Realty Trust, Allison Transmission Holdings, Corp, Columbia Banking, Digital Realty Trust, Edison International, Myers Squibb, Charter Communications, 3M Company, Booz, Centene Corporation, AON, Barnes, Colgate, Palmolive, Jim Cramer's Charitable, CNBC, U.S Locations: U.S, Taiwan, FactSet, China, Dover, Cleveland, Alexandria, ZION, W.R, Freeport, Kimberly, Cal, Teck, Las, ORLY, New, Banc, Bristol, Milwaukee , Wisconsin
Commercial real estate pain is sparking defaults in bonds backed by loans on high-quality properties. The recent stress is a sign of deep pain in the sector as values wobble and loans reach maturity. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementPain in commercial real estate has spread to an even ultra-safe corner of the commercial mortgage market, with losses being seen for bonds backed by debt on the highest quality properties. Defaults on single-asset, single-borrower bonds — which are commercial mortgage-backed securities tied to a single, high-quality property —have skyrocketed over the past few years, according to Commercial Real Estate Finance Council data cited by the Wall Street Journal.
Persons: Organizations: Service, Real Estate Finance, Wall Street, Business
Zero-down mortgages are making a comeback
  + stars: | 2024-05-30 | by ( Matt Egan | ) edition.cnn.com   time to read: +8 min
That massive roadblock is being removed by a new zero-percent down mortgage program launched two weeks ago by one of the nation’s largest mortgage lenders. ‘Demand has been huge’These mortgages are only open to first-time homebuyers and those making no more than 80% of the area’s median income. That’s because in order to refinance at a lower rate, the homeowner would need to fully pay off that second mortgage. For instance, Bank of America launched a zero-down payment mortgage program in 2022 for first-time homebuyers in certain Black and Hispanic neighborhoods. “These mortgages are going to be ticking time bombs – just like subprime mortgages –unless home prices continue to increase very substantially,” Kelleher said.
Persons: Mat Ishbia, homebuyers, Christian Petersen, refinances, UWM, ” Alex Elezaj, they’d, , Patricia McCoy, McCoy, won’t, Bankrate, , Anneliese Lederer, ” Lederer, ” Dennis Kelleher, ” Kelleher, Jonathan Adams, ” UWM, Elezaj, , ” Elezaj, ” It’s, “ We’re, Greg McBride, Adams, ” Adams Organizations: CNN, United Wholesale Mortgage, Phoenix Suns NBA, Phoenix Suns, NBA, Oklahoma City, Footprint Center, Boston College Law School, Consumer Financial Protection Bureau, Federal Reserve, Bank of America, US Department of Agriculture, US Department of Veterans Affairs, Center for Responsible, Better, Saint Joseph’s University, Bankrate, , Wall Street Locations: Phoenix , Arizona
These "forever renters" vary widely in their reasons for not pursuing home ownership. Others prefer the flexibility to move and freedom from ownership costs that renters enjoy. Homeownership and renting have numerous pros and cons, making it hard to say whether forever renters are acting shrewdly or making a big mistake. Renters avoid large down payments and the varying costs of homeownership, such as mortgage payments, taxes, maintenance, and repairs. It's also cheaper to change the place you're renting than the place you're buying because of real-estate agent fees."
Persons: , Grant Wilson, Eunjee Kwon, David Brasington, Kautz, There's, Colin Lizieri, they've Organizations: Service, Business, University of Regina, University of Cincinnati, University of Cambridge Locations: Germany, Switzerland
A New York judge on Friday ordered former President Donald Trump to pay $364 million in damages for fraud he committed by inflating his net worth to obtain favorable treatment from banks and insurers. The blistering 92-page ruling from Judge Arthur Engoron was replete with references to the brazen nature of the misdeeds of Trump, his adult sons and his business organization. Here are nine key quotes from Engoron’s ruling. The frauds found here leap off the page and shock the conscience.”On the reaction of Trump and his adult sons:“Their complete lack of contrition and remorse borders on pathological. Donald Trump is not Bernard Madoff.
Persons: Donald Trump, Judge Arthur Engoron, Trump, Justice Potter Stewart, , , Bernard Madoff, , “ Donald Trump, Trump’s, Ivanka Trump, Rosemary, ” Ivanka Trump, fraudsters, Eli Bartov’s, Bartov, “ John Shubin, Mr, Shubin, Robert Unell, Unell, Birney, Donald Trump’s, Whitley Penn, Donald Bender, Mazars, Allen Weisselberg doesn’t, Allen, Weisselberg Organizations: United States Supreme, Trump Organization, , Trump, Deutsche, OAG, trifles, Allen Weisselberg’s Locations: York, , New York,
download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Jones and Trump Organization attorney Alan Garten did not immediately respond to requests for comment from Business Insider. A 'pretty brazen' plotGarten told The Daily Beast an "internal loan" wherein Trump "leant money to the entity that he owns" does exist. "It would appear, assuming Judge Jones' letter is accurate, that this amounts to tax evasion," Martin Lobel, a tax lawyer, told The Daily Beast. So, instead of paying income taxes of up to 39% on the forgiven debt, the outlet reported, Trump "invented a loan — and then parked it."
Persons: , Barbara Jones, Donald Trump's, Arthur Engoron, Jones, Trump's, Trump, Donald J, Alan Garten, Garten, Judge Jones, Martin Lobel, Mother Jones, Adam Levitin, didn't, Jordan Organizations: Service, Daily, Business, Manhattan, Trump Organization, Chicago, Government, New York Times, Georgetown University, Citizens Locations: York, Washington
But for workers of Lennar-backed homebuilder Veev, they were spent scrambling to determine if they would still have jobs come Monday. Speaking to the "Veev Family," he wrote: "Family will stay in touch and together forever, even if it is going to be only within our hearts." The company has about 250 employees, according to news site Calcalist. "We call it the Veev family," Haller said. On a very personal note, for me Amit Haller, Veev was my personal journey in the past 15 years, half of my professional career and about ⅓ of my entire life.
Persons: Amit Haller, Veev, Haller, doesn't, we're, homebuilder, Kleiner Perkins, Bond, Lennar, Linda Keala, Ami, Amit Organizations: Business, Dragonfly, Wall, Center, Real Estate, Technology Innovation, Employees, Dafna Locations: California, Tel Aviv, Hayward , California, Haller, Reali, @nicollsanddimes, .
WeWork was famous for huge coworking spaces with amenities like climbing walls and swimming pools. AdvertisementAdvertisementBut the "really enormous WeWork spaces, the 300,000 to 400,000 square foot WeWorks, those are simply too large," for other companies to take on. "Lots of companies, WeWork included, made decisions that spiked revenue in the short run, but probably weren't prudent in the long run," he added. AdvertisementAdvertisementLuxurious coworking spaces may be a thing of the pastHuge coworking spaces filled with yoga rooms, beer taps, and swimming pools were the hallmark of WeWork's operation at its height. AdvertisementAdvertisementHodari told Insider that Industrious, which has over 165 coworking locations across the globe, would probably end up taking over a number of WeWork sites.
Persons: WeWork, Jamie Hodari, , Hodari, Briggs Elwell, Adam, Neumann, Elwell Organizations: Service, RLTY
Fourth-quarter revenue guidance was also soft, as the company called for $450 million to $475 million, while analysts anticipated $501 million. KKR Real Estate Finance Trust — The real estate trust added 3.5% after distributable earnings per share smashed expectations in the third quarter. KKR Real Estate Finance Trust posted 25 cents per share in distributable earnings, while analysts surveyed by FactSet expected 4 cents per share. The company also raised its full-year guidance for revenue, anticipating revenue between $235 million and $238 million. Cadence Design Systems — The electronic system designer lost about 4% after delivering weak guidance for current quarter earnings per share.
Persons: Redfin, TrueBlue, FactSet, Agilysys Organizations: Apollo Capital, U.S . Securities, Exchange Commission, Wall, KKR Real Estate Finance Trust, Cadence, Systems
His senior year of college, he enrolled in a real estate finance class and started learning about various property-investment strategies. He was particularly interested in multi-family real estate and focused his capstone project around it. By 2015, his real estate investing business reached a point of profitability where he felt comfortable quitting his finance job. Getting into real estate in today's market is "very hard," he said matter-of-factly. To achieve financial freedom, Beliveau stresses getting your first "rental asset" — not just your first rental unit.
Persons: Ricky Beliveau didn't, Beliveau, I'd, Ricky Beliveau, it's, didn't, It's Organizations: Volnay Capital, Wellington Management, Northeastern University Locations: Connecticut, Boston, today's
Trump's loyal ex-CFO, Allen Weisselberg, began court-ordered testimony in the NY civil fraud trial. On the stand Tuesday, Weisselberg called tripling the size of Trump's penthouse a "minor" mistake. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. AdvertisementAdvertisement"I don't recall," Weisselberg answered. Asked if, once put on the alert by Forbes, he ever thought to quickly and conveniently check the files right outside his door, Weisselberg answered, "I don't recall."
Persons: Trump's, Allen Weisselberg, Weisselberg, , Letitia James, Donald Trump's, Trump, James, Louis M, Solomon, Forbes, Donald Trump , Jr, Eric Trump –, Arthur Engoron, Engoron Organizations: Service, New York, Trump Organization's, Trump Org, Forbes, Deutsche Bank, Trump, New Locations: Manhattan's, Manhattan, Trump, New York
And New York City has had success transforming single-use office districts, most notably Lower Manhattan's financial district, into more vibrant mixed-use places. Times Square is one of those, according to Tom Harris, president of the Times Square Alliance, which represents the district's businesses. AdvertisementAdvertisement"I'm not negating it, but certainly the opportunities south of Times Square, to the west of Times Square, are a little bit better for development of the housing stock," he said. The mix of businesses around Times Square has changed in a way that could be appealing to potential residents. Times Square lost 179 businesses during the pandemic, but has since welcomed more than 180 new businesses into the neighborhood, according to the Times Square Alliance.
Persons: , Eric Adams, Dan Garodnick, Garodnick, Lynne Sagalyn, Sagalyn, Andrew Lichtenstein, Susan Mello, Walker, Dunlop, Mello, Luiz C . Ribeiro, Tom Harris, Harris, aren't, Le Bernardin, haven't —, Gardonick Organizations: Midtown, Service, Garment, Eighth, New York City's Department of City Planning, Columbia University, Getty, Financial, Times Square Alliance, Times, Lambs, , Taco Bell, Grand Central Madison Locations: Midtown Manhattan, Midtown, Manhattan, America, Manhattan . Old, York City, Lower Manhattan, hasn't, Retail, Long, New York
[1/2] Chief Executive Officer of Microsoft Corporation Satya Nadella arrives to testify at the northern district of California during a trial as U.S. Federal Trade Commission seeks to stop Microsoft deal to buy Activision Blizzard, in Downtown San Francisco, California, U.S. June 28, 2023.... Acquire Licensing Rights もっと読むWASHINGTON, Sept 28 (Reuters) - Microsoft (MSFT.O) chief executive Satya Nadella is expected to testify on Monday as a witness for the U.S. Justice Department, according to a filing on the docket of its once-in-a generation court fight against Alphabet's (GOOGL.O) Google. THE TAKEThe government is likely to ask Nadella about Microsoft's efforts to expand the reach of Edge and Bing, its browser and search engine, and the obstacles posed by Google's dominance. Google will likely argue that the better quality of its products are the reason for its success rather than illegal behavior. * The clout in search makes Google a heavy hitter in the lucrative advertising market, boosting its profits. Reporting by Diane Bartz; Editing by Howard Goller私たちの行動規範:トムソン・ロイター「信頼の原則」
Persons: Microsoft Corporation Satya Nadella, Satya Nadella, Alphabet's, Diane Bartz, Howard Goller Organizations: Microsoft Corporation, . Federal Trade Commission, Microsoft, Activision Blizzard, U.S . Justice Department, Google, Edge, Bing, Apple Locations: California, Downtown San Francisco , California, U.S, 読む WASHINGTON
An American Airlines Airbus A321-200 plane takes off from Los Angeles International airport (LAX) in Los Angeles, California, U.S. March 28, 2018. REUTERS/Mike Blake/File Photo Acquire Licensing RightsSept 25 (Reuters) - American Airlines (AAL.O) on Monday appealed a U.S. court decision requiring it to end an alliance with JetBlue Airways (JBLU.O). U.S. District Judge Leo Sorokin ruled in May the airlines' "Northeast Alliance" that allowed the two carriers to coordinate flights and pool revenue violated antitrust law. JetBlue previously said it would not appeal as it seeks to protect a planned $3.8 billion purchase of Spirit Airlines (SAVE.N) that faces a separate legal challenge from the Justice Department. Reporting by David Shepardson Editing by Chris ReeseOur Standards: The Thomson Reuters Trust Principles.
Persons: Mike Blake, Leo Sorokin, David Shepardson, Chris Reese Organizations: American Airlines Airbus, Los Angeles International, REUTERS, American Airlines, JetBlue Airways, U.S, District, JetBlue, Spirit Airlines, Justice Department, Thomson Locations: Los Angeles , California, U.S
Senator Robert Menendez (D-NJ) delivers remarks, after he and his wife Nadine Menendez were indicted on bribery offenses in connection with their corrupt relationship with three New Jersey businessmen, in Union City, New Jersey, U.S., September 25, 2023. REUTERS/Mike Segar Acquire Licensing RightsNEW YORK, Sept 26 (Reuters) - A New Jersey businessman pleaded not guilty on Tuesday to charges of bribing U.S. Senator Bob Menendez. Menendez, 69, his 56-year-old wife, Nadine Menendez, and two other businessmen accused of bribing the senior New Jersey senator are scheduled to be arraigned on Wednesday. Prosecutors say Hana, who is originally from Egypt, arranged meetings in 2018 between Menendez and Egyptian officials.
Persons: Robert Menendez, Nadine Menendez, Mike Segar, Bob Menendez, Wael Hana, Judge Ona Wang, Menendez, Hana, Washington, Luc Cohen, Jonathan Oatis Organizations: REUTERS, U.S, New, Prosecutors, Senate Foreign Relations, Thomson Locations: Jersey, Union City , New Jersey, U.S, New Jersey, Manhattan, Egypt, United States, New York
"With its missionary zeal for consumers, Amazon has marched toward monopoly by singing the tune of contemporary antitrust," Khan, then 29, wrote in the Yale Law Journal. Six years later, Khan, who became the FTC's chair in 2021, is leading the agency's antitrust charge against the online retailer. The FTC's lawsuit filed on Tuesday asks a court to consider forcing the company to sell assets to stop what it said was ongoing harm to consumers. Amazon has fought back and rejected the antitrust lawsuit filed on Tuesday. "By contrast, the FTC's 2021 budget topped out at only $351 million, or slightly more than 1% of Amazon's earnings."
Persons: Lina M, Khan, Bill Nelson, Graeme Jennings, Lina Khan, Andy Jassy, Jeff Bezos, Bezos, David Shepardson, Matthew Lewis Organizations: Commerce, Science, NASA, Capitol, Rights, Federal Trade, Amazon.com, Amazon, Yale Law, FTC, Apple, Facebook, Google, Thomson Locations: Washington , U.S, United States, Washington
People walk by the Federal Reserve Bank of New York in the financial district of New York City, U.S., June 14, 2023. REUTERS/Shannon Stapleton//File Photo Acquire Licensing RightsCompanies Federal Reserve Bank of New York FollowNEW YORK, Sept 25 (Reuters) - A judge on Monday dismissed a lawsuit accusing the Federal Reserve Bank of New York of illegally firing two longtime employees who claimed religious objections in refusing to be vaccinated against COVID-19. The New York Fed began requiring COVID-19 vaccines for all employees in August 2021. The New York Fed declined to comment. The case is Gardner-Alfred et al v Federal Reserve Bank of New York, U.S. District Court, Southern District of New York, No.
Persons: Shannon Stapleton, District Judge Lewis Liman, Lori Gardner, Alfred, Jeanette Diaz, Gardner, Diaz, Liman, John Balestriere, Alfred et, Jonathan Stempel, Aurora Ellis Organizations: Federal Reserve Bank of New, REUTERS, Federal Reserve Bank of New York, COVID, U.S, District, New York Fed, Catholic, New, Fed, Court, Southern District of, Thomson Locations: Federal Reserve Bank of New York, New York City, U.S, Manhattan, Bronx , New York, Bayonne , New Jersey, New York, COVID, Southern District, Southern District of New York
Yelp (YELP.N) and News/Media Alliance, which are not defendants in the litigation but are targets of Google's subpoenas, argue that law firm Paul, Weiss, Rifkind, Wharton & Garrison should be disqualified. A spokesperson for Paul Weiss said the "firm's representation of Google is appropriate in all respects." Yelp said it hired Paul Weiss in 2016 for counsel on antitrust issues. The Justice Department's antitrust head, Jonathan Kanter, was on the Paul Weiss team representing Yelp. New York-based Paul Weiss, which has about 1,000 lawyers globally, is also representing Amazon.com in various antitrust lawsuits.
Persons: Gonzalo Fuentes, Paul, Weiss, Garrison, Leonie Brinkema, Paul Weiss, Yelp, Jonathan Kanter, Charles Molster III, Brandon Kressin, Brinkema, Kanter, Mike Scarcella, Leigh Jones, Rami Ayyub Organizations: Google, Viva Technology, Porte de, REUTERS, Media Alliance, Yelp, U.S, Google LLC, Eastern, of, Thomson Locations: Porte, Paris, France, U.S, Rifkind, Wharton, New York, States, of Virginia
The creators of the hit crime drama "Better Call Saul" on Monday won the dismissal of a defamation and trademark infringement lawsuit by Liberty Tax Service for depicting a shady fictional tax firm that appeared to resemble its own. Gardephe said Liberty Tax offered no "particularly compelling" allegations that viewers would be confused into thinking Sweet Liberty was one of its more than 2,500 offices. "Better Call Saul" starred Bob Odenkirk as Saul Goodman, a corrupt lawyer also known as Jimmy McGill. Peter Siachos, a lawyer for Liberty Tax, said his client will explore its legal options, including an appeal or refiling the lawsuit in a state court. Both said their use of Sweet Liberty was protected by the U.S. Constitution's First Amendment.
Persons: Bob Odenkirk, Saul, Paul Gardephe, Gardephe, Liberty, Saul Goodman, Jimmy McGill, Goodman, Craig, Betsy Kettleman, Rosa Parks, Parks, Peter Siachos, Jonathan Stempel, Rami Ayyub Organizations: REUTERS, Monday, Liberty Tax Service, U.S, District, AMC Networks, Sony Pictures Television, Liberty Tax Services, Liberty Tax, Liberty, Court, Southern District of, Thomson Locations: Los Angeles , California, U.S, Manhattan, New Mexico, Virginia Beach , Virginia, Southern District, Southern District of New York, New York
Signage is seen on a United Parcel Service (UPS) vehicle at a facility in Brooklyn, New York City, U.S., May 9, 2022. Equal Employment Opportunity Commission (EEOC) on Friday said it sued United Parcel Service (UPS.N) for disability discrimination, alleging the delivery firm refused to hire deaf or hearing-impaired individuals as drivers. Atlanta-based UPS said it is modifying driver training for those who are deaf and hard of hearing and would start accepting exemptions to the DOT commercial driver hearing standard for operators of its ubiquitous brown delivery trucks in January 2024. EEOC said it sued the world's largest parcel delivery firm under the Americans with Disabilities Act (ADA) after failing to reach a pre-litigation settlement. "Just because someone is deaf does not mean they cannot drive safely," said Gregory Gochanour, EEOC's regional attorney in Chicago.
Persons: Andrew Kelly, EEOC, Gregory Gochanour, Kannaki, Lisa Baertlein, Shounak Dasgupta, Chris Reese Organizations: United Parcel Service, REUTERS, Opportunity Commission, Department of Transportation, UPS, Disabilities, Northern, Northern District of Illinois, Thomson Locations: Brooklyn , New York City, U.S, Atlanta, Chicago, Northern District, Bengaluru, Los Angeles
The Biden administration and environmental groups on Friday said they would appeal a Louisiana federal judge's ruling that ordered an expansion of next week's sale of oil leases in the Gulf of Mexico.
Organizations: Biden Locations: Louisiana, Gulf of Mexico
U.S. District Judge Roger Benitez in San Diego said California's "sweeping ban" went too far by preventing people from using magazines for lawful purposes, including self-defense. The judge had struck down the magazines ban in March 2019, but the 9th Circuit overturned him in Nov. 2021. The Supreme Court vacated the appeals court ruling and ordered new proceedings consistent with the Bruen decision. Chuck Michel, president of the California Rifle & Pistol Association, in a statement, said Friday's decision reflects the "sea change in the way courts must look at these absurdly restrictive laws." The case is Duncan et al v. Bonta, U.S. District Court, Southern District of California, No.
Persons: Roger Benitez, California's, Benitez, Rob Bonta, Bonta, Chuck Michel, Gavin Newsom, Duncan, Jonathan Stempel, David Gregorio Our Organizations: Long Beach Police Department, U.S, District, Supreme, , New York, Circuit, California, Association, Court, Southern District of, Thomson Locations: Long Beach, Long Beach , California, U.S, California, San Diego, ,, San Francisco, Southern District, Southern District of California, New York
Charles McGonigal, a former FBI official who has been charged with working for sanctioned Russian oligarch Oleg Deripaska, arrives at Federal Court in New York City, U.S., March 8, 2023. Charles McGonigal, who led the FBI’s counterintelligence division in New York before retiring in 2018, is scheduled to appear at a plea hearing in Washington federal court at 2 p.m. (1800 GMT). He pleaded guilty to a conspiracy charge in federal court in Manhattan last month in a separate case related to his work for Russian oligarch Oleg Deripaska while Deripaska was under U.S. sanctions. McGonigal’s lawyer and a spokesperson for the U.S. Attorney’s Office in Washington declined to comment ahead of the hearing. U.S. prosecutors say the former Albanian intelligence officer had business interests in Europe and was a source for an FBI investigation involving foreign lobbying that McGonigal supervised.
Persons: Charles McGonigal, Oleg Deripaska, Brendan McDermid, Deripaska, McGonigal, Andrew Goudsward, Scott Malone, Grant McCool Organizations: FBI, Court, REUTERS, Rights, U.S, Attorney’s, Thomson Locations: Russian, New York City, U.S, Albanian, New York, Washington, Manhattan, Europe
Alabama Judicial Building, where the state supreme court meets, is seen in Montgomery, Alabama, U.S. September 26, 2019. REUTERS/Chris Aluka Berry/File Photo Acquire Licensing RightsSept 22 (Reuters) - The Supreme Court of Alabama is weighing whether to allow the state to become the first to execute a prisoner with a novel method: asphyxiation using nitrogen gas. Smith's lawyers have said the untested protocol may violate the U.S. Constitution's ban on "cruel and unusual punishments." They are due to file their opposition to the attorney general's death warrant application with the court on Friday. Oklahoma and Mississippi have also approved nitrogen asphyxiation executions, but are yet to try the method.
Persons: Chris Aluka Berry, Steve Marshall, Kenneth Smith, Smith, Alabama's, gurney, Joel Zivot, Zivot, Jonathan Allen, Timothy Gardner Organizations: Alabama Judicial, REUTERS, Alabama, Alabama Department of Corrections, Emory School of Medicine, Thomson Locations: Alabama, Montgomery , Alabama, U.S, Oklahoma, Mississippi, New York
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