DIRS.INFO The most relevant business & tech news

☆ Russian charged with war crimes may brief U.N. Security Council
▼ + stars: | 2023-04-03 | by ( Michelle Nichols | ) www.reuters.com time to read: +3 min

[1/3] Representatives observe a minute of silence during a meeting at the United Nations Security Council, to mark one year since Russia invaded Ukraine, at U.N. headquarters in New York City, New York, U.S., February 24, 2023. REUTERS/Eduardo Munoz/File PhotoUNITED NATIONS, April 3 (Reuters) - Russia's commissioner for children's rights, who is wanted by the International Criminal Court on war crimes charges, is likely to brief an informal meeting of the U.N. Security Council this week, according to a note seen by Reuters on Monday. "Russian leaders have been charged by the ICC with unlawfully deporting children from Ukraine to Russia. Such meetings are held at U.N. headquarters, but not in the Security Council chamber, and briefings can be done virtually. Given Russia's Security Council presidency started on April 1, U.S.

☆ Hyundai Motor North America CEO on EV lineup and tax credits
▼ + stars: | 2023-04-03 | 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 EmailHyundai Motor North America CEO on EV lineup and tax creditsJosé Muñoz, Hyundai Motor North America CEO joins 'Squawk on the Street' to discuss his thoughts on the company's earnings, the EV space and more.

☆ March's bank failures show options can be tricky even when retail traders pick big winners
▼ + stars: | 2023-04-03 | by ( Jesse Pound | ) www.cnbc.com time to read: +6 min

This halt, and how regulators and brokerage firms handled the outstanding options contracts, turned simple trades into a big headache for retail investors. Davies said that usually he would sell his winning options trades before expiration, so he does not have to deal with the settlement process. Robinhood later allowed Davies to create the naked short position and therefore to exercise his option. The naked short positions showed an on-paper loss in his account until the stock began trading over the counter on March 28. Another wrinkle is that some types of accounts, including retirement accounts, are not allowed to hold short positions, which created additional steps for traders and brokers to close out the trade.

☆ Republicans defend Trump by attacking criminal-justice system
▼ + stars: | 2023-04-01 | by ( David Morgan | ) www.reuters.com time to read: +6 min

Critics warn that the present partisan rhetoric could shake public trust in courts by undermining the institutional legitimacy of the criminal justice system. "Undercutting the system of government is a serious matter and a threat to our future," she said in an interview. Bragg, a Democrat, on Friday warned Republican Representatives Jim Jordan, James Comer and Bryan Steil, who are leading the probe, against attacking the criminal justice system. Historians including Princeton University professor Julian Zelizer said Republican statements about Bragg and the criminal justice system follow a long-established partisan line. Nicole Hemmer, director of the Rogers Center for the American Presidency at Vanderbilt University, warned that Republican attacks on the U.S. criminal justice system could ultimately have dire consequences for courts and juries.

☆ Trump charges follow criticism of Manhattan prosecutor for not acting sooner
▼ + stars: | 2023-03-31 | 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: +5 min

Trump's former lawyer Michael Cohen has said he made the payment to silence Daniels about an affair she says she had with Trump in 2006. Bragg's charges come at a critical time, as Trump is running for the Republican presidential nomination in 2024. A prosecutor leading that probe, Mark Pomerantz, resigned in February 2022 after Bragg declined to charge Trump himself with financial crimes. Pomerantz has publicly criticized Bragg's decision not to bring charges and published a book about the investigation. In the biggest trial victory so far in his tenure, his office last December won the conviction of the Trump Organization on tax fraud charges.

☆ The former CEO of Aetna shares how he plans to turn around the struggling health insurer Oscar
▼ + stars: | 2023-03-30 | by ( ) www.businessinsider.com time to read: +6 min

Oscar Health struggled to upend the entrenched health insurance industry. Oscar Health has been trying and struggling to upend the US health-insurance industry and the entrenched giants that dominate it for the past 10 years. Oscar Health incoming CEO Mark Bertolini Bridgewater AssociatesLast year, Oscar lost a $60 million contract with its first client, Health First Health Plans. Bertolini wants Oscar to disrupt health-insurance giantsMario Schlosser, founding CEO of Oscar Health Eduardo Munoz/ReutersDespite losing the Health First deal, Bertolini is betting that Oscar will disrupt the insurance industry through partnerships. Oscar has developed health plans with health systems in the past.

REUTERS/Eduardo MunozMarch 27 (Reuters) - A Manhattan grand jury hearing evidence about former President Donald Trump's role in a hush-money payment to porn star Stormy Daniels was expected to reconvene on Monday, a law enforcement source said. The grand jury, which has been meeting since January, could indict Trump over the handling of the payment, which would make him the first U.S. president to face a criminal charge in court. Manhattan District Attorney Alvin Bragg has been presenting evidence about the $130,000 payment made to porn star Stormy Daniels in the final weeks of Trump's 2016 election campaign. Trump's former lawyer Michael Cohen has said he made the payment at Trump's direction to buy her silence about a sexual liaison she says she had with Trump in 2006. Trump faces several other criminal investigations, including one tied to the Jan. 6th assault on the U.S. Capitol.

☆ Here's what Trump's possible arrest in New York could look like
▼ + stars: | 2023-03-22 | by ( Kevin Breuninger | ) www.cnbc.com time to read: +3 min

Anti-Trump demonstrators protest outside the Manhattan District Attorney's office in New York City on March 21, 2023. But even if the grand jury hearing evidence in the probe does vote for an indictment, it's unclear when Trump would be arrested. Here's how the process could go:SurrenderThe grand jury was impaneled in January to determine whether there was enough evidence in Bragg's probe to charge Trump with a crime. Given Trump's recent calls for protests, prosecutors may have an incentive to give Trump a shorter surrender date, Bachner said. Once at the DA's office, Trump would be formally arrested, he'd be fingerprinted, get his mugshot taken and be interviewed by DA detectives for an arrest report.

☆ House Republicans are rallying to Trump's defense, but they're unlikely to be able to stop a possible indictment
▼ + stars: | 2023-03-20 | by ( Sonam Sheth | Oma Seddiq | ) www.businessinsider.com time to read: +7 min

House Republicans are demanding documents and testimony from Manhattan DA Alvin Bragg. It's the latest major step the GOP-led House has taken to defend Trump as he faces a possible criminal indictment. And without the backing of the Justice Department, it's unclear what consequences, if any, Congress can impose on Bragg's office. Yet while the lawmakers may have made valid criticisms, former Trump White House attorney Ty Cobb said, the letter is "bad form." Monday's letter also comes after House Speaker Kevin McCarthy pledged to subject Bragg's office to congressional investigations in anticipation of a possible Trump indictment.

☆ Former Trump lawyer Michael Cohen testifies before grand jury
▼ + stars: | 2023-03-13 | by ( Karen Freifeld | ) www.reuters.com time to read: +3 min

He needs to be held accountable for his dirty deeds," Cohen said of Trump outside a Manhattan courthouse on his way to the grand jury. Grand jury proceedings are not public. Davis, his lawyer, would not comment on the details of Cohen's testimony before the grand jury on Monday. I never had an affair with Stormy Daniels," he said on his Truth Social platform last week. Joseph Tacopina, another Trump lawyer, said on ABC's "Good Morning America" on Monday there were no plans to participate in the grand jury, though a decision had not been made.

☆ Former Trump lawyer Michael Cohen set to testify before grand jury
▼ + stars: | 2023-03-13 | by ( Karen Freifeld | ) www.reuters.com time to read: +3 min

[1/4] Michael Cohen, former attorney for former U.S. President Donald Trump, arrives to the New York Courthouse in New York City, U.S., March 13, 2023. He needs to be held accountable for his dirty deeds," Cohen said of Trump outside a Manhattan courthouse on his way to the grand jury. Grand jury proceedings are not public. "I did absolutely nothing wrong, I never had an affair with Stormy Daniels," he said on Truth Social last week. Joseph Tacopina, another Trump lawyer, said on ABC's "Good Morning America" on Monday there were no plans to participate in the grand jury, though a decision had not been made.

☆ U.S. Treasury says Silicon Valley Bank, Signature Bank 'not being bailed out'
▼ + stars: | 2023-03-13 | by ( ) www.reuters.com time to read: +1 min

[1/2] A worker arrives to the Signature Bank headquarters in New York City, U.S., March 12, 2023. REUTERS/Eduardo MunozWASHINGTON, March 12 (Reuters) - New policies adopted on Sunday by U.S. banking regulators will "wipe out" equity and bondholders in Silicon Valley Bank (SIVB.O) and Signature Bank (SBNY.O) of New York while protecting all customer deposits, a senior U.S. Treasury official said. The official said the steps were taken to stabilize the financial system and protect depositors, and did not constitute a bailout of either firm. No losses of either bank will be borne by U.S. taxpayers, the official said. Reporting by Andrea Shalal and Pete Schroeder; Editing by Leslie AdlerOur Standards: The Thomson Reuters Trust Principles.

☆ Former Trump lawyer Michael Cohen to testify before grand jury
▼ + stars: | 2023-03-13 | by ( Karen Freifeld | ) www.reuters.com time to read: +3 min

March 13 (Reuters) - Michael Cohen, Donald Trump's former lawyer and fixer, is expected to testify on Monday afternoon before a Manhattan grand jury investigating hush money payments he has said he orchestrated to porn star Stormy Daniels on behalf of the former president. He needs to be held accountable for his dirty deeds," Cohen said of Trump outside a Manhattan courthouse on his way to the grand jury. Grand jury proceedings are not public. [1/4] Michael Cohen, former attorney for former U.S. President Donald Trump, arrives to the New York Courthouse in New York City, U.S., March 13, 2023. Joseph Tacopina, another Trump lawyer, said on ABC's "Good Morning America" on Monday there were no plans to participate in the grand jury, though a decision had not been made.

☆ Australian regulator says banks paid $3.10 bln in compensation for wrongly charged fees
▼ + stars: | 2023-03-10 | by ( ) www.reuters.com time to read: +1 min

[1/3] Australian dollars are seen in an illustration photo February 8, 2018. REUTERS/Daniel MunozMarch 10 (Reuters) - Australia's corporate watchdog said the country's six largest banking services providers have paid or offered A$4.7 billion ($3.10 billion) in compensation to customers who suffered losses for fees charged for services that were not provided. The largest business lender in Australia, NAB, took the lead and coughed up A$1.49 billion in compensation as of the end of 2022, followed by CBA and Westpac coughing up a payout of A$1.13 billion and $1.03 billion, respectively. ASIC said its final update on remediation figures "draws a line" under its eight-year long programme of addressing financial institutions' failure to provide ongoing services to fee-paying customers. ($1 = 1.5177 Australian dollars)Reporting by Riya Sharma in Bengaluru; Editing by Krishna Chandra Eluri and Rashmi AichOur Standards: The Thomson Reuters Trust Principles.

☆ College students are drowning in textbook costs. There's a push in Congress to make them free.
▼ + stars: | 2023-03-01 | by ( Madison Hall | ) www.businessinsider.com time to read: +9 min

Some members of Congress have joined the movement to provide free textbooks to university students. The college textbook landscape, however, isn't a free market, as students must buy whichever course materials their professor selects for their class. As states across the country create their own grants for open textbooks, members of Congress have also begun to take notice. "We are helping cut the cost of attending college by supporting the creation and expansion of open college textbooks," Durbin told Insider in a statement. And while there's no timeline for the Affordable College Textbook Act to make it through Congress, federal legislators have granted $47 million in funds for open textbooks since 2018 as part of the Open Textbook Pilot Program.

☆ LIV ratings trail rival PGA Tour in first CW Network broadcasts
▼ + stars: | 2023-02-28 | by ( Amy Tennery | ) www.reuters.com time to read: +2 min

LIV Golf did not immediately respond to a request for comment. LIV Golf is the first sport to broadcast on the CW Network, after the two parties agreed a multi-year deal in January. Perry Sook, the chairman and CEO of CW Network parent company Nexstar, said on Tuesday's earnings call that the three-day tournament was viewed by more than 1.4 million across the network and its digital platform. "We're very pleased with our first weekend of LIV Golf," said Sook. Bankrolled by Saudi Arabia’s Public Investment Fund, LIV Golf attracted some of the sport's biggest names with the promise of supersize paydays and a truncated schedule.

☆ Former NYC corrections union chief convicted of bribery wins early prison release
▼ + stars: | 2023-02-24 | by ( Jonathan Stempel | ) www.reuters.com time to read: +2 min

[1/2] Norman Seabrook, (C) the head of New York City's prison guard union, exits the Manhattan District court house in New York, U.S., July 22, 2016. Seabrook, 63, the former head of the Correction Officers' Benevolent Association, has spent 21 months in prison after unsuccessfully appealing his August 2018 conviction. "The sentence Huberfeld originally received reflected an approximate equivalence between the conduct of the bribe giver, Huberfeld, and the bribe taker, Seabrook," Hellerstein wrote. The correction officers union has about 20,000 active and retired members. The case is U.S. v Seabrook, U.S. District Court, Southern District of New York, No.

☆ Marking one year of war in Ukraine, U.N. chief denounces Russia
▼ + stars: | 2023-02-22 | by ( Michelle Nichols | ) www.reuters.com time to read: +3 min

"We have heard implicit threats to use nuclear weapons. The so-called tactical use of nuclear weapons is utterly unacceptable. It is high time to step back from the brink," Guterres told the 193-member U.N. General Assembly at a meeting to mark the first anniversary of the war in Ukraine. The draft text would again see the General Assembly demand Moscow withdraw its troops and call for a halt to hostilities. "Russia violated the UN Charter by becoming an aggressor," he said at the United Nations.

☆ A Florida TV station offered viewers raw, emotional coverage of the shooting of its own journalists
▼ + stars: | 2023-02-22 | by ( Oliver Darcy | ) edition.cnn.com time to read: +3 min

And now, in February 2023, it’s Spectrum News 13, a Charter Communications-owned cable news outlet in Florida. For now, Spectrum News 13 said it is withholding the names of the two journalists who were shot. “This is extremely devastating for all of us,” Spectrum News 13 reporter Celeste Springer said on the air. The Spectrum News 13 journalists were attacked while doing a job aimed at serving the public. “I don’t have the words,” Rebecca Turco, one of Spectrum News 13’s journalists, tweeted Wednesday evening.

☆ LIV Golf finalizes all 12 team rosters for second season
▼ + stars: | 2023-02-21 | by ( ) www.reuters.com time to read: +3 min

February 21 - LIV Golf announced its 12 rosters of four-players teams for the upstart league's second season Monday night, making official the reported signings of Thomas Pieters, Danny Lee, Dean Burmester and Brendan Steele. 35 in the Official World Golf Ranking as of this week, joined Bubba Watson's team, RangeGoats. Players who finished in the top 24 of the 2022 Invitational Series were guaranteed spots for the 2023 LIV Golf League, according to a press release. "In less than a year, LIV Golf has reinvigorated the professional game and laid the foundation for the sport's future. In 2023, the LIV Golf League comes to life," LIV CEO and commissioner Greg Norman said in a statement.

☆ Here's the latest from the train derailment saga in East Palestine, Ohio
▼ + stars: | 2023-02-17 | 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 EmailHere's the latest from the train derailment saga in East Palestine, OhioOscar Munoz, former United Airlines executive chairman and CEO, joins 'Squawk Box' to discuss the corporate response to the train derailment in Ohio, the fundamental needs for the state of Ohio, and more.

☆ At least two more Fed rate hikes and no cut this year, say economists: Reuters poll
▼ + stars: | 2023-02-14 | by ( Indradip Ghosh | ) www.reuters.com time to read: +4 min

All 37 who replied to an extra question said the bigger risk was the fed funds rate would peak even higher. That means the Fed is going to keep the policy rate at high levels for quite a bit longer." One-third, or 18 of those 54 economists, predicted the fed funds rate would peak at 4.75%-5.00% and hold there through the remainder of the year. The unemployment rate, currently at the lowest since 1969, was expected to climb to 4.8% in Q1 2024, by which time most economists were expecting at least one rate cut. Asked which was more likely to compel a rate cut, 21 of 35 economists said a significant fall in inflation, with 14 saying a significant rise in unemployment.

☆ At Sunday's Grammys, will Beyonce finally win top honor of best album?
▼ + stars: | 2023-02-05 | by ( Lisa Richwine | ) www.reuters.com time to read: +3 min

[1/2] Singer Beyonce arrives at the 2016 MTV Video Music Awards in New York, U.S., August 28, 2016. Beyonce heads into the show in Los Angeles with nine nominations, including an album of the year nod for dance-heavy album "Renaissance." The acclaimed 2016 album "Lemonade" was defeated by Adele's "25," prompting the British vocalist to say on stage that Beyonce deserved the honor. Beyonce's other nominations include record and song of the year for "Break My Soul." Scheduled performers include Styles, Lizzo, Sam Smith, Luke Combs and Bad Bunny.

☆ Google is asking employees to test potential ChatGPT competitors, including a chatbot called 'Apprentice Bard'
▼ + stars: | 2023-01-31 | by ( Jennifer Elias | ) www.cnbc.com time to read: +7 min

Google is also testing a chatbot called “Apprentice Bard,” where employees can ask questions and receive detailed answers similar to ChatGPT. Apprentice BardOne of the test products is a chatbot called Apprentice Bard, which uses Google’s conversation technology LaMDA, or Language Model for Dialogue Applications. Apprentice Bard looks similar to ChatGPT: Employees can enter a question in a dialog box and get a text answer, then give feedback on the response. Apprentice Bard replaced Meena, a previous version of a smart chat bot that had launched internally but was later discontinued. In one example circulated internally, a tester asked Apprentice Bard if there will be another round of layoffs at Google.

☆ Manhattan grand jury begins to hear evidence in Trump hush money case: report
▼ + stars: | 2023-01-30 | by ( Dan Mangan | ) www.cnbc.com time to read: +2 min

Former U.S. President Donald Trump speaks during a campaign stop to unveil his leadership team, at the South Carolina State House in Columbia, South Carolina, U.S., January 28, 2023. Shannon Stapleton | ReutersA Manhattan grand jury began hearing evidence Monday in a criminal probe of a 2016 hush money payment that former President Donald Trump authorized to porn star Stormy Daniels, a new report said. A witness in that investigation, former National Enquirer publisher David Pecker, was seen with his attorney entering the courthouse Monday where the grand jury is meeting, according to The New York Times. The newspaper also reported that prosecutors from Manhattan's District Attorney's Office have recently contacted officials from Trump's 2016 campaign about it. Cohen later admitted he made that payment at Trump's behest, to avoid Daniels damaging his chances of winning the White House.

Search resuls for: "" Munoz"

25 mentions found