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☆ CBS News President to Step Down
▼ + stars: | 2024-07-10 | by ( John Koblin | More About John Koblin | ) www.nytimes.com time to read: +1 min

Ingrid Ciprian-Matthews, the CBS News president, announced on Wednesday that she would step down from her role in the next few weeks and would move into a senior adviser role through the presidential election. In a memo to employees, Ms. Ciprian-Matthews suggested she was leaving the position before the network’s parent, Paramount Global, began widespread job cuts. “We all know our industry and company are going through a transformation and a number of short- and long-term decisions need to be made,” she said. “I do not want to be disingenuous with any of you about who should drive these decisions.”Ms. Ciprian-Matthews will leave the company after the election. Earlier this week, Paramount Global announced it would merge with Skydance, a long-awaited move for Paramount, which has been in dire financial straits as the traditional cable bundle continues to unravel.

Persons: Ingrid Ciprian, Matthews, Ciprian, ”, “, ” Ms, — Organizations: CBS News, Paramount Global, Paramount

☆ A Malaysia Airlines Boeing plane was seen with its engine ablaze, a midair mishap that forced the flight to turn around
▼ + stars: | 2024-06-21 | by ( Aditi Bharade | ) www.businessinsider.com time to read: +1 min

A Malaysia Airlines Boeing flight bound for Kuala Lumpur had to turn back after takeoff. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementA Malaysia Airlines flight from Hyderabad, India, to Kuala Lumpur, Malaysia, had to return shortly after takeoff on Thursday night. A video taken from inside the aircraft, posted by The Straits Times, showed its engine on fire with sparks flying out behind it. The fire broke out 15 minutes after the plane took off, per The Straits Times.

Persons: — Organizations: Malaysia Airlines Boeing, Service, Malaysia Airlines, The Straits Times, Straits Times Locations: Kuala Lumpur, Hyderabad, India, Malaysia

☆ ALICEs, DINKs, HENRYs, and More: a Complete Guide
▼ + stars: | 2024-06-17 | by ( Erin Snodgrass | Jacob Zinkula | ) www.businessinsider.com time to read: +17 min

But the terms' recent popularity suggests people want to understand how they fit into the broader economy beyond standard measurements. But that, too, is uncertain: She said she was "dangerously close" to losing the aid because her income is too high. ALICEs tend to be older or younger workers, and while they're represented across racial groups, they're more likely to be Black or Hispanic. HIFI: High Income, Financially InsecureHIFI is the latest acronym to join the club. In a 2021 Medium post, Erica Dhawan defined "geriatric millennials" as millennials born in the early 1980s.

Persons: ALICE, HENRY, Kory, Anthony Klotz, Kantenga, DINK, They've, they've, Eric Anicich, Henry, Alice, haven't, Sarah, she's, — there's, they're, Carrie, Gen Zers, Brenton, Mirlanda, Neiman Marcus, Katie Notopoulos, Paige Connell, Connell, Chrissy Arsenault, Arsenault, Jimmy Simpson, who've, Rich, Christopher Stroup, Stroup, HIFIs, Erica Dhawan, Dwahan, Louis, —, Jewel Benjamin, Benjamin, micromanaging, Erin Snodgrass, Jacob Zinkula Organizations: FIRE, Business, LinkedIn, Texas, USC Marshall School of Business, : Asset, SNAP, Los Angeles Times, DINKs, Public School, Financial Independence, Sherwood News, Federal Reserve Bank of St, Federal Reserve, University of Michigan Health, Social, Social Security Locations: POLK, City, Dallas, Boston, Massachusetts, Colorado, Santa Monica , California, millennials, Georgia

☆ Taiwan is one-upping Ukraine's navy to defeat a Chinese invasion
▼ + stars: | 2024-06-15 | by ( Michael Peck | ) www.businessinsider.com time to read: +6 min

Read previewTaking a cue from Ukraine's use of naval drones to offset a superior Russian fleet, Taiwan has unveiled a much larger unmanned kamikaze boat that could devastate a Chinese amphibious force. But if not this one, Taiwan will certainly field some kind of unmanned attack boat to try to stop a Chinese invasion or blockade. AdvertisementBoth Taiwan and America are looking to what has become the gold standard in naval drone warfare: Ukraine's campaign in the Black Sea. Instead, Russia's Black Sea Fleet has retreated from Ukrainian waters. In part this is because of land-based anti-ship missiles such as the Neptune, which sank the cruiser and Black Sea Fleet flagship Moskva in 2022.

Persons: —, Samuel Paparo, Paparo, Magura, Michael Peck Organizations: Service, Liberty Times, Business, Pacific Command, Washington Post, US, Sea Fleet, Defense, Foreign Policy, Rutgers Univ, Twitter, LinkedIn Locations: Russian, Taiwan, China, America, Ukraine, Moskva, Japan, Forbes

☆ South Africa has failed its Black majority. Nelson Mandela’s political heirs may pay the price
▼ + stars: | 2024-05-27 | by ( Hanna Ziady | ) edition.cnn.com time to read: +12 min

When South Africans vote Wednesday, an unhappy combination of rampant corruption, soaring joblessness, crippling power cuts and feeble economic growth will likely be top of mind. Black South Africans, who make up 81% of the population, are at the sharp end of this dire situation. ‘Elite enrichment’Under apartheid — and colonial rule before that — Black South Africans were violently oppressed and denied many basic human rights. Millions of South Africans still live in such informal settlements. “The poster child of this is the electricity sector.”For much of last year, South Africans were without power for at least some portion of the day.

Persons: ”, Nelson Mandela’s, —, Cyril Ramaphosa, Leon Sadiki, BEE, Moeletsi Mbeki, Thabo Mbeki, White, “, Tshediso Matona, Anders Pettersson, Black, …, Kganki Matabane, Matthew Parks, Matona, Mbeki, Ricardo Hausmann, Jacob Zuma, Haroon Bhorat, Michele Spatari, ” Bhorat, hasn’t, ANC “, Zuma, Ramaphosa, Cas Coovadia, Hausmann Organizations: Johannesburg CNN, National Congress, ANC, World Bank, Oxford Economics, Harvard University, Democratic Alliance, Bloomberg, Getty, South African Institute of International Affairs, Wits University, CNN, ”, BBEE, Black Business Council, South African Trade Unions, Harvard’s, University of Cape, South Africa’s Free, International Monetary Fund, Fitch, IMF, JPMorgan, Shell, Unilever, Business, Business Unity, Harvard Growth Locations: London, Johannesburg, Sudan, Africa, Alexandra, South Africa, Leon, Isipingo, KwaZulu, Natal, South, ”, University of Cape Town, loadshedding, Namahadi, Frankfort, Business Unity South Africa

☆ 2 Yale researchers are pulling back the curtain on Russia's sanctions-stricken economy — and it's landed them on a list of Putin's enemies
▼ + stars: | 2024-05-25 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +6 min

Read previewJeffrey Sonnenfeld and Steven Tian, two researchers at the Yale School of Management, have been targeted for their views on Russia's economy since the war in Ukraine began. Soaring prices and ailing consumer sentiment have hit key sectors in Russia's economy, and Moscow is paying a huge cost to keep its war machine running. Steven Tian Courtesy of Steven TianAt that time, Tian and Sonnenfeld began noticing cracks forming in Russia's economy. "Putin has no grand strategy other than to hope Trump wins and cuts a favorable deal with Russia," Tian said. Positive forecasts on Russia's economy are based on a lack of visibility, Sonnenfeld and Tian say.

Persons: —, Jeffrey Sonnenfeld, Steven Tian, they've, Vladimir Putin's, Tian, Putin, he'd, Sonnenfeld, I've, Biden, Steven Organizations: Service, Yale School of Management, Business, Yale, IMF, Trump Locations: Ukraine, Moscow, Russia

☆ I have fond memories of high school in America. I'm worried my daughter won't feel the same in Singapore.
▼ + stars: | 2024-05-17 | by ( Jason Erik Lundberg | ) www.businessinsider.com time to read: +5 min

I live in Singapore and lecture in the creative writing and publishing graduate program at Nanyang Technological University, but have also taught at the high school, undergraduate, and community college levels. In 2007, my now-ex-wife (a Singaporean citizen) and I decided to move to Singapore from the US. For the most part, I enjoyed my classes, as well as my extra-curriculars, which in high school consisted of marching band, French club, and physics club. It's possible that, in the 30 years since graduating from high school, my memories have become rose-colored, but I do remember feeling like I had a good balance between my school life and my personal life. The author gets concerned about the amount of pressure put on his daughter by teachers.

Persons: Jason Erik Lundberg Organizations: Service, Nanyang Technological University, Business, Straits Times, Ministry of Education Locations: Singapore, Oklahoma, North Carolina

☆ The US Navy's only forward-deployed aircraft carrier, USS Ronald Reagan, is leaving Japan after nearly a decade in the Pacific
▼ + stars: | 2024-05-16 | by ( Ella Sherman | Chris Panella | ) www.businessinsider.com time to read: +4 min

Read previewThe USS Ronald Reagan, the only aircraft carrier in the US Navy forward deployed, or permanently stationed in another country, is leaving Japan after spending nearly a decade in the Pacific. Related storiesIn 2021, USS Ronald Reagan briefly left its forward-deployed position to provide air support during US withdrawal operations in Afghanistan. USS Ronald Reagan traveling through the Straits of Magellan, to San Diego, CA, in a transfer move. US Navy/Photographer's Mate 3rd Class Elizabeth ThompsonThe USS Ronald Reagan already had a history of cooperation with Japan prior to its deployment. "Whether it's aboard USS Ronald Reagan today or USS George Washington in the future, we will continue to strengthen those ties at all levels, on-shore and at-sea."

Persons: —, Ronald Reagan, Ronald Reagan Sailors, Daryle Cardone, Ronald Reagan's, Reagan, Photographer's, Elizabeth Thompson, USS George Washington, George Washington, Greg Newkirk, Anthony Wallace, Gerald R Organizations: Service, US Navy, Business, Nimitz, Carrier Strike, CSG, Fleet, USS, Japan, Self, Defense Force, Navy, Aircraft, Getty, Pacific . Aircraft, US, Pacific Locations: Japan, Yokosuka, China, Afghanistan, Magellan, San Diego , CA, Bremerton , Washington, Israel, Iran, Gaza, Pacific, Russia, North Korea

☆ Why India’s Opposition Can’t Get It Together
▼ + stars: | 2024-04-19 | by ( Sameer Yasir | ) www.nytimes.com time to read: +1 min

That Mr. Modi has established such dominance in Parliament despite falling well short of majority popular support is a reflection of a dysfunctional and fractured political opposition. The main opposition party, the Indian National Congress, governed for decades after the country’s independence in 1947, guided by the Nehru-Gandhi dynasty. Here’s why India’s political opposition is in such dire straits. The Congress, long positioned at India’s political center, has struggled to find a direction and offer an ideological alternative to the Hindu nationalist B.J.P. That has held back the broader opposition’s fight against Mr. Modi.

Persons: Narendra Modi, Mr, Modi, Nehru Organizations: Bharatiya Janata Party, Indian National Congress

☆ 'Iran is in for the long haul' with oil tanker hijacks, expert says, as U.S. considers more sanctions
▼ + stars: | 2024-04-16 | by ( Lori Ann Larocco | ) www.cnbc.com time to read: +6 min

Before this weekend's tanker seizure, the last vessel Iran hijacked was the St. Nikolas on January 1. A Planet Labs satellite image of the location of the MSC Aries and other tankers recently hijacked by Iran. Planet Labs PBCAs the U.S. considers more sanctions against Iran in response to its recent attack on Israel, Iran has been using the hijacked ships as a means of sanctions retaliation. Iran chose to do this as a way to compensate for sanctions," Madani said. In a note to clients, ClearView highlighted that the House of Representatives added several Iran sanctions bills to its calendar for consideration this week, under suspension rules, including new sanctions on Iranian oil exports to China.

Persons: Nikolas, Houthis, Samir Madani, Eyal Ofer's, Madani, Janet Yellen, Helima Croft, Andy Lipow, Brent, Lipow, Kevin Book, Book Organizations: Anadolu, Getty, MSC Aries, U.S . Naval Forces Central Command, Galaxy Leader, MSC, Planet Labs, U.S . Energy Information Agency, United Arab, JPMorgan, CNBC, Lipow Oil Associates, ClearView Energy Partners, US, UN Locations: Gulf of Oman, Hormuz, Anadolu, Iran, Israel, Gaza, U.S, Iranian, Khuran, China, Russia, Malaysia, United Arab Emirates, Oman, Strait, Tehran, East, North Africa, India, Saudi Arabia, Kuwait, Iraq, France, Germany

☆ A Great Lakes Pipeline Tangles Politics in Two Battleground States
▼ + stars: | 2024-03-27 | by ( Rebecca Halleck | Dionne Searcey | ) www.nytimes.com time to read: +1 min

An icy crust on the Straits of Mackinac is melting into slush atop a shimmering, narrow waterway prized for its beauty and its role in supporting the local economy. The fight over Line 5 in both Michigan and Wisconsin, where another section of the pipeline crosses the Bad River Reservation, could have sweeping implications for the power of states to regulate fossil fuels, for tribal sovereignty and for U.S.-Canada relations. Some or all of these issues are bound to surface in the upcoming presidential election. Both Wisconsin and Michigan are battleground states. And in either place the debate over Line 5 could complicate election-year politics, particularly as candidates compete to eke out any advantage with voters they can find, whether on environmental issues, fossil fuel reliance or jobs.

Organizations: U.S Locations: Mackinac, Lake Huron, Lake Michigan, Michigan, Wisconsin, Canada

☆ The average tax refund is over $3,000. Here are 7 ways to put it to good use
▼ + stars: | 2024-03-15 | by ( Jeanne Sahadi | ) edition.cnn.com time to read: +7 min

New York CNN —The average federal tax refund is more than $3,000, according to the latest data from the IRS. … They don’t understand how much interest they’re paying,” Russ said. Create or add to an emergency fundYou can use your refund to start or bolster an emergency fund. If you have high-rate debt and you’re lacking emergency savings, Russ suggested you might use a portion of your refund to attack your debt and the other portion to create an emergency fund. If you need the money within three years, you might consider putting your refund in certificates of deposits and US Treasury bonds.

Persons: you’re, ”, Eric Bronnenkant, Keyana Russ, ” Russ, Russ, Bronnenkant, Roth, Bronnenkant, Charles Schwab, ” Bronnenkant Organizations: New, New York CNN, Ponds Financial, Invest, Roth IRA, Treasury Locations: New York, Ponds

☆ Man rescued after apparent crocodile bite in the Everglades
▼ + stars: | 2024-03-13 | by ( Forrest Brown | ) edition.cnn.com time to read: +2 min

CNN —A man trying to swim to shore after his recreational sailboat capsized at Everglades National Park suffered an apparent bite from an American crocodile, according to a National Park Service news release. American crocodiles vs. alligatorsAn American crocodile relaxes in Shark Valley of Everglades National Park on February 3, 2023. Bonnie Jo Mount/The Washington Post/Getty Images/FileThe American crocodile is a federally threatened species, the NPS said, and it resembles the American alligator. (American crocodiles can also be found in some coastal areas of Caribbean islands, Mexico and South America.) American crocodiles are considered a shy and reclusive species, the FFWCC says, and crocodile attacks on humans in Florida are very rare.

Persons: Bonnie Jo Mount Organizations: CNN, National Park Service, Rangers, Miami, Dade, Rescue, “ Rangers, Washington Post, NPS, Florida Fish and Wildlife Conservation Commission Locations: Flamingo, Florida, Valley, United States, Caribbean, Mexico, South America, Southeast, North Carolina, Oklahoma, Africa, Asia, Indonesia, Australia

☆ China, Russia and Iran put on show of force with Mideast naval drills
▼ + stars: | 2024-03-13 | by ( Brad Lendon | ) edition.cnn.com time to read: +2 min

CNN —Warships from China, Russia and Iran have held live-fire exercises in a key Middle Eastern waterway this week as the three partners put on a show of force in the volatile region, according to reports in state-run media. China’s navy sent a guided-missile destroyer and guided-missile frigate to the exercises, Russia dispatched the cruiser Varyag from its Pacific Fleet, and Iran contributed a range of vessels, including frigates and fast-attack boats, according to state-run media. Scheduled to run through Friday, the exercises are in their sixth incarnation since 2018, Russian state news agency TASS reported. Iran is a key supporter of both Hamas in Gaza and the Houthi rebels. Iranian munitions, including its Shahed aerial drones, have also become an important part of Russia’s arsenal in its war on Ukraine.

Persons: Amrollah Nozari, Nozari, Iran’s Organizations: CNN, Chinese Defense Ministry, Fleet, Islamic Republic News Agency, Tasnim News Agency Locations: China, Russia, Iran, Gulf of Oman, Israel, Gaza, Gulf of Aden, Yemen, Tehran, Ukraine

For Love & Money is a weekly Business Insider column answering relationship and money questions. Write to For Love & Money using this Google form. If you sue the granddaughter after the grandmother helped you in your earlier court case, any goodwill you two share will disappear. That said, if you don't sue, you'll never receive the justice you deserve — not to mention the money you're owed. Write to For Love & Money using this Google form .

Persons: —, I'd, you've, Ben Michael, Michael, Business Insider's, there's, it's, I'm, you'll, didn't Organizations: Service, Business

☆ Seems Like Elon Musk Wanted to Take Over OpenAI to Help Save Tesla
▼ + stars: | 2024-03-10 | by ( Linette Lopez | ) www.businessinsider.com time to read: +7 min

We know that the development process was running late and over budget, so Musk needed capital. We did not know he'd suggested that OpenAI raise $1 billion, merge with Tesla, and name him CEO. He's angry at OpenAI for giving other investors the opportunity to invest in a powerful company he wanted for himself. So now Musk is turning back to OpenAI, hoping the latest charmless offensive can help shore up his empire. If Musk indeed believed OpenAI needed him or Tesla to succeed, he was as belligerent about it as he was wrong.

Persons: Elon Musk, Tesla, Musk, he'd, OpenAI's, OpenAI, he's, Greg Brockman, Sam Altman, didn't, Brockman, It's, Altman, Tesla's Organizations: Tesla, Google, Facebook, Altman Locations: Shanghai, China, OpenAI

☆ Trump’s takeover of Republican National Committee is official as McDaniel steps down
▼ + stars: | 2024-03-08 | by ( Alayna Treene | Daniel Strauss | ) edition.cnn.com time to read: +9 min

A national committee is typically overhauled after the party has a de facto or official presidential nominee. The changes normally come in the form of a new chairperson or a top official from the presidential campaign moving over to the committee. These resources are critical to Trump’s campaign as it makes plans to build out teams in key battleground states such as Michigan, Georgia, Arizona and Pennsylvania in the coming weeks and months. “The Republican National Committee will be focused like a laser on getting out the vote and protecting the ballot,” Whatley said in his remarks Friday. Trump’s senior advisers, including LaCivita, insist they have no plans to use the RNC to help pay his legal expenses.

Persons: Donald Trump, Trump’s, Michael Whatley, Lara Trump –, Ronna McDaniel, Drew McKissick, “, ” Lara Trump, Eric Trump, Chris LaCivita, James Blair, LaCivita, Blair, aren’t, Trump, “ It’s, it’s, ” David Bossie, it’ll, Joe Biden, ” Whatley, Gilbert Flores, McDaniel, ”, Whatley, Lara Trump, Jonathan Drake, Trump “, LaCivita — Organizations: Houston CNN, Republican Party, Republican National, – North, – North Carolina GOP, RNC, CNN, Trump, Republican National Convention, Republican National Committee, Republican, Reagan, Variety, Michigan GOP, Hilton, Whatley, North, North Carolina GOP, Republicans, North Carolina Republican, GOP, Democratic National Committee, White Locations: – North Carolina, Maryland, Michigan, Georgia, Arizona, Pennsylvania, Simi Valley , California, “, Carolina, North Carolina, Greenville , North Carolina

☆ Biden knows Israel's war in Gaza is a problem for him — and he's changing his strategy to address it
▼ + stars: | 2024-03-08 | by ( Bryan Metzger | ) www.businessinsider.com time to read: +4 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewAs bodies pile up in Gaza and "uncommitted" votes pile up in primary state after primary state, President Joe Biden appears to understand that he has a problem on his hands. AdvertisementPresident Biden: "I told him, Bibi, and don't repeat this, but you and I are going to have a ‘come to Jesus’ meeting." One month ago, Biden described Israel's conduct in Gaza as "over the top." And roughly half of those who voted for Biden in 2020 believe that Israel is committing genocide in Gaza, according to recent polling.

Persons: —, Joe Biden, Biden, We're, he's, Benjamin Netanyahu, Israel, Bibi, Jesus ’, ”, KCgpbx4awf — Sawyer Hackett, Pramila Organizations: Service, State, Business, Biden, Democratic, Capitol Locations: Gaza, Israel, @SawyerHackett, Washington, State

☆ Biden presses Israel on Gaza aid during State of the Union: 'There is no other path'
▼ + stars: | 2024-03-08 | by ( Bryan Metzger | ) www.businessinsider.com time to read: +3 min

Read previewDuring his State of the Union address on Thursday, President Joe Biden directly challenged Israel, saying the country had to do more to allow aid to flow into Gaza. "Israel must allow more aid into Gaza and ensure that humanitarian workers aren't caught in the crossfire." "There is no other path that guarantees Palestinians can live with peace and dignity. There is no other path that guarantees peace between Israel and all of its neighbors." The Biden administration has been supportive of a temporary, six-week cease-fire if Hamas agrees to release more Israeli hostages.

Persons: —, Joe Biden, Israel, Biden, aren't, Benjamin Netanyahu, Donald Trump Organizations: Service, Business, Democratic, Progressives Locations: Gaza, Israel

☆ Biden is changing his Israel-Gaza strategy
▼ + stars: | 2024-03-08 | by ( Bryan Metzger | ) www.businessinsider.com time to read: +4 min

Read previewAs bodies pile up in Gaza and "uncommitted" votes pile up in primary state after primary state, President Joe Biden appears to understand that he has a problem on his hands. "We're not waiting on the Israelis," a senior Biden administration official told reporters as they previewed the plan on Thursday, ahead of Biden's speech. AdvertisementPresident Biden: "I told him, Bibi, and don't repeat this, but you and I are going to have a ‘come to Jesus’ meeting." And roughly half of those who voted for Biden in 2020 believe that Israel is committing genocide in Gaza, according to recent polling. "I say this as a lifelong supporter of Israel, my entire career," said Biden.

Chinese Foreign Minister Wang Yi in 2019. Mark Kauzlarich | ReutersBEIJING — China's top diplomat slammed the U.S. for worsening bilateral tensions, while reiterating Beijing's support for peaceful resolutions to the Israel-Palestine and Russia-Ukraine conflicts. Wang said the U.S. has been devising "new ways to suppress China," saying U.S. accusations against China had reached an "unbelievable degree." While he said he sees a way forward for both countries, Wang said communication between both countries may only continue by respecting and recognizing differences. After the unexplained dismissal of Qin Gang as foreign minister in July last year, Wang reassumed the role.

Persons: Wang Yi, Mark Kauzlarich, Joe Biden's, Biden, Joe Biden, Xi Jinping, Wang, Qin, Wang reassumed, hasn't, Xi's, Lai Ching Organizations: Reuters, Reuters BEIJING —, China -, CNBC, Communist Party of, Qin Gang, United Nations, Democratic Progressive Party Locations: Reuters BEIJING, Israel, Palestine, Russia, Ukraine, China, China - U.S, San Francisco, South China, U.S, Gaza, Beijing, Taiwan, South

☆ NYCB stock is down over 40%, in latest sign the bank is in dire straits
▼ + stars: | 2024-03-06 | by ( Elisabeth Buchwald | ) edition.cnn.com time to read: +2 min

New York CNN —Shares of New York Community Bank (NYCB) plunged more than 40% Wednesday afternoon after The Wall Street Journal reported that the beleaguered regional lender is seeking a major cash infusion. Then last week, the bank said in a filing it had identified “material weakness” in the company’s controls. The issues caused a $2.4 billion loss to shareholders last quarter, NYCB said. The delay draws eerie parallels to First Republic Bank, which postponed reporting its quarterly earnings shortly before it failed last year. First Republic Bank similarly needed an emergency cash infusions not long before it collapsed.

Persons: NYCB, NYCB didn’t, Alessandro DiNello Organizations: New, New York CNN, New York Community Bank, Street Journal, ”, First Republic Bank, US Treasury Department Locations: New York

☆ Department of Justice opens probe of Globe Life, American Income Life
▼ + stars: | 2024-03-06 | by ( Susan Antilla | ) www.businessinsider.com time to read: +6 min

The U.S. Department of Justice has subpoenaed Globe Life Inc. and its subsidiary American Income Life seeking documents related to one of its top life insurance agencies — the Pittsburgh-based Arias Organization. Globe Life executives made no mention of the DOJ probe during a quarterly earnings call on February 8. In October, insurance regulators in Pennsylvania fined American Income Life $130,000 for engaging in deceptive consumer practices. "We do not believe the litigation will be material to Globe Life's overall results or American Income Life's agency operations," he said. Darden told the analysts that "as soon as American Income became aware of" the allegations, AIL hired an outside investigator to look into the matter.

Persons: Arias, Renee Zinsky, Michael Russin, Joel Scarborough, Globe's, Trina Orlando, Cathy Seifert, Seifert, Scarborough, Simon Arias, Natalie Price, AIL, Warren Buffett's Berkshire, James Darden, Darden, Zinsky, Janet Hendrick, Phillips Murrah, Kathryn D, Terry, Liz Rita, Susan Antilla Organizations: U.S . Department of Justice, Inc, Organization, News, Business, BI, CFRA Research, Securities and Exchange Commission, Globe, DOJ, Scarborough, US, Office, Western, Western District of Pennsylvania, Arias Agencies, The, Justice, Warren, Warren Buffett's Berkshire Hathaway, Commission, Department of Justice, AIL, Income, Zinsky, Law Locations: Pittsburgh, Scarborough, Western District, Pennsylvania, Dallas, Globe, Denver, AIL, susan.antilla1@gmail.com

☆ Opinion | Inside America’s Shadow War With Iran
▼ + stars: | 2024-03-05 | by ( Thomas L. Friedman | ) www.nytimes.com time to read: +1 min

You could hold a friendly regatta in the Taiwan Straits compared to where I just visited. I spent two days last week hopscotching in a CH-47 Chinook helicopter among seven U.S. military bases in western Jordan and eastern Syria with America’s senior Middle East Centcom commander, Gen. Michael Kurilla. What you have, instead, is the other Middle East war that began shortly after the tragic Israel-Hamas war that broke out on Oct. 7. They have learned to arm, build, adapt and deploy some of the most sophisticated precision weaponry in the world. That weaponry, provided by Iran, can hit a three-foot-wide target 500 miles away.

Persons: It’s, Michael Kurilla Organizations: Chinese Navy, Air Force, U.S . Navy, America’s, East, ISIS, U.S Locations: Taiwan, China, Jordan, Syria, Israel, Iran, Iraq, U.S, Gulf of Aden, Yemen

☆ Malaysian authorities say they plan to start searching for the missing MH370 plane again, 10 years after it disappeared
▼ + stars: | 2024-03-04 | by ( Marielle Descalsota | ) www.businessinsider.com time to read: +2 min

Read previewMalaysian authorities announced on Sunday that they are planning to start searching for the missing Malaysian Airlines flight MH370 again, the Malaysian broadcaster Bernama TV reported. Loke said in Bernama TV's broadcast that the Malaysian government plans to spare no expense when it comes to finding the missing plane. As I have mentioned several times, as far as Malaysia's government is concerned, we are committed to that search," Loke said. Oliver Plunket, the CEO of Ocean Infinity, told the local newspaper New Straits Times that it had already submitted its proposal to the Malaysian government. Ocean Infinity did not immediately respond to a request for comment from BI.

Persons: —, MH370, Anthony Loke, Loke, Oliver Plunket, Plunkett Organizations: Service, Malaysian Airlines, Bernama, Transport, Malaysian, Business, New Straits Times Locations: Malaysian, Kuala Lumpur, Malaysia, Austin, Beijing

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