DIRS.INFO The most relevant business & tech news

☆ FTX affords a turning point in venture governance
▼ + stars: | 2022-11-17 | by ( Liam Proud | ) www.reuters.com time to read: +3 min

The new chief executive of the collapsed cryptocurrency exchange, insolvency veteran John Ray, uncovered giant financial gaps and signs of looting. Ray’s first in-depth account, submitted to the court on Thursday, reveals a brazen lack of controls and governance. Financial statements dated to Sept. 30, when founder Sam Bankman-Fried was in charge, contain no record of customer liabilities at either the U.S. subsidiary or the international division. Many of the FTX corporate entities never had board meetings. Ray also criticised his predecessor and FTX co-founder Sam Bankman-Fried for making “erratic and misleading public statements”.

☆ Retailer TJX Names New CFO as Sales Decline
▼ + stars: | 2022-11-16 | by ( Jennifer Williams-Alvarez | Colin Kellaher | ) www.wsj.com time to read: +3 min

Mr. Klinger, who joined TJX in 2000, currently serves as executive vice president and corporate controller. U.S. comparable-store sales, which exclude e-commerce sites, fell 2%, driven by a 16% drop in comparable sales for the U.S. homegoods business. For the 2023 fiscal year, TJX forecasts U.S. comparable-store sales to fall 1% to 2%. TJX in August projected a full year decline in U.S. same-store sales of 2% to 3%. This is because they’ve withheld key metrics such as the figures for comparable-store sales, since they weren’t meaningful as a result of store closures brought on by the pandemic, she said.

☆ Explainer: What's next in FTX's bankruptcy
▼ + stars: | 2022-11-16 | by ( Dietrich Knauth | ) www.reuters.com time to read: +4 min

Here is what likely awaits in the case:WHERE DO THINGS STAND IN FTX'S BANKRUPTCY CASE? About 130 FTX affiliates have filed for bankruptcy in Delaware, and the company has selected a new CEO, bankruptcy attorneys at Sullivan & Cromwell and financial advisers at Alvarez & Marsal. WHAT OTHER RISKS DO FTX CUSTOMERS FACE? The bankruptcy might result in the publication of FTX customers' names, email addresses and transaction history. The courts' preference for transparency are at odds with crypto customers' expectations of anonymity.

☆ Actor Kevin Spacey faces more sexual assault charges in Britain
▼ + stars: | 2022-11-16 | by ( ) www.reuters.com time to read: +1 min

LONDON, Nov 16 (Reuters) - Britain's Crown Prosecution Service (CPS) has authorised seven additional charges against Oscar-winning actor Kevin Spacey for a number of sexual assaults against one man between 2001 and 2004, it said on Wednesday. The new CPS charges include one of causing a person to engage in sexual activity without consent and others of indecent and sexual assault. Spacey, 63, was previously accused of five offences in Britain - four counts of sexual assault by touching, and a more serious charge of causing a person to engage in penetrative sexual activity without consent. 71st Tony Awards – Arrivals – New York City, U.S., 11/06/2017 - Actor Kevin Spacey. Spacey's defence lawyer in Britain, Patrick Gibbs, did not immediately respond to an email seeking comment on the latest charges.

FTX's bankruptcy case includes more than 100,000 creditors, and this number could surpass 1 million, the filings said. The numbers were disclosed as FTX requested that multiple FTX group companies file one consolidated list of major creditors, rather than separate ones. REUTERS/Dado Ruvic/IllustrationCrypto lender BlockFi, which previously acknowledged it has significant exposure to FTX, plans to lay off workers while preparing to file for bankruptcy, the Wall Street Journal reported. Separately, bankrupt crypto lender Voyager Digital no longer plans to sell itself to FTX, Bloomberg reported, while Canadian crypto exchange Bitvo said it terminated its deal to be bought by FTX. I'm meeting in-person with regulators and working with the teams to do what we can for customers," he said on Twitter.

SummarySummary Companies FTX in contact with federal, state, international regulatorsMore than one hundred thousand creditors involved in the bankruptcy case, maybe over one millionBahamas regulator appoints provisional liquidatorsFrench cen. "FTX faced a severe liquidity crisis that necessitated the filing of these cases on an emergency basis last Friday," the court filing stated. Reuters Graphics Reuters GraphicsFTX's bankruptcy case includes more than one hundred thousand creditors, and this number could surpass one million, the filings said. The numbers were disclosed as FTX requested that multiple FTX group companies file one consolidated list of major creditors, rather than separate ones. Canadian crypto exchange Bitvo said on Tuesday it had terminated its deal to be bought by FTX, a deal that had been due to close in the third quarter of this year.

☆ Argentina at the 2022 World Cup: who is in Lionel Scaloni's 26-man squad?
▼ + stars: | 2022-11-14 | by ( ) www.reuters.com time to read: +4 min

* Teams will be able to select up to 26 players for this year's World Cup after FIFA increased the maximum limit for squads by three in June, citing the unusual timing of the tournament as well as the impact of COVID-19. Who is in Argentina's World Cup 2022 squad? * Manchester United winger Alejandro Garnacho, 18, who has made seven appearances for the club this season, misses out. What was Argentina's squad at the 2018 World Cup? * Forwards: Lionel Messi (Barcelona), Gonzalo Higuain (Juventus), Paulo Dybala (Juventus), Sergio Aguero (Manchester City).

☆ Mexico name injured Jimenez in World Cup squad
▼ + stars: | 2022-11-14 | by ( ) www.reuters.com time to read: +1 min

MEXICO CITY, Nov 14 (Reuters) - Mexico coach Gerardo Martino named striker Raul Jimenez in his squad travelling to the World Cup in Qatar as he continues his recovery from injury problems. Jimenez, 31, has only played four matches this season for Premier League Wolverhampton Wanderers after sustaining knee and groin injuries. Real Betis midfielder Andres Guardado will lead Mexico in his fifth World Cup after becoming his country's most capped international. Mexico will be without Sevilla forward Jesus Corona due to an ankle injury and youngsters Santiago Gimenez and Diego Lainez did not make the cut. Mexico play Sweden in their last warm-up match on Wednesday before heading to Qatar where they are in Group C along with Poland, Argentina and Saudi Arabia.

☆ Injured Dybala named in Argentina's 26-man World Cup squad
▼ + stars: | 2022-11-11 | by ( ) www.reuters.com time to read: +3 min

Nov 11 (Reuters) - Injured forward Paulo Dybala made the cut as Argentina coach Lionel Scaloni named on Friday his 26-man squad for the Nov. 20-Dec. 18 World Cup in Qatar, where Lionel Messi will lead the side. Dybala has not played for his club AS Roma since early October but has been named in the squad as Argentina hope he regains his fitness before their World Cup campaign begins on Nov. 22 against Group C opponents Saudi Arabia. Messi, 35, will be playing in his fifth World Cup and will be accompanied by fellow veterans Angel Di Maria and Nicolas Otamendi along with fresh faces who helped Argentina win the Copa America title last year. Dreams do come true, let's go Argentina," Paredes, who did not make the final cut for the 2018 World Cup, said on Instagram. Goalkeeper Emiliano Martinez, one of Argentina's heroes at the Copa America last year, will also be making his World Cup debut this year.

Take big law firms and Twitter. “Lawyers and law firms must struggle to stay visible, posting regularly, getting followers, and tweeting regularly. Consider, for example, Quinn Emanuel Urquhart & Sullivan, which has 1,587 Twitter followers – among the fewest of Am Law 100 firms. “To date, the firm’s social media efforts have focused on platforms that are most aligned with recruiting — LinkedIn and Instagram,” the spokesman said via email. Will law firms pony up $8 a month for the blue check now?

☆ Tyson Foods CFO Arrest Adds to Governance Challenges for Board
▼ + stars: | 2022-11-08 | by ( Jennifer Williams-Alvarez | ) www.wsj.com time to read: +6 min

Photo: Michael Conroy/Associated PressThe Tyson family had nearly 71% of the total voting rights in the meat giant as of December 2021, according to a securities filing. It didn’t immediately respond to a request for comment on whether Mr. Tyson would make his debut to analysts and investors by taking part in the earnings call. As CFO, Mr. Tyson has an annual base salary of $650,000, according to a regulatory filing. Tyson Foods CFO John R. Tyson was arrested on public intoxication and trespassing allegations. Photo: Associated PressThe Fayetteville Police Department’s report said that the woman didn’t know Mr. Tyson and that she thought he came in through an unlocked door.

☆ U.S. CFOs Ask Congress to Repeal Change to R&D Tax Rules
▼ + stars: | 2022-11-07 | by ( Jennifer Williams-Alvarez | In A Letter Finance Chiefs On The Change To R D Deductibility Tax Rules. | ) www.wsj.com time to read: +8 min

For decades, businesses were allowed to deduct certain R&D expenses straight away to reduce their taxable income. Tax deductions are subtractions from taxable income while tax credits get subtracted from the amount of tax owed. Over the course of this year, companies have been making estimated tax payments that incorporate the R&D change, tax attorneys said. On the agenda: Agreeing on funding the government to avoid a shutdown, aid for Ukraine, alongside potential changes to the treatment of R&D expenses. When it comes to a potential repeal or deferral related to R&D deductibility, timing is crucial, said Shelby Ford, a tax partner at Crowe LLP, a public accounting, consulting and technology firm.

☆ America's next main battle tank may be a slimmed-down, high-tech version of the iconic Abrams
▼ + stars: | 2022-11-06 | by ( Michael Peck | ) www.businessinsider.com time to read: +8 min

The US military has fielded the Abrams tank for more than 40 years. General Dynamics, which builds the Abrams, recently unveiled an updated version of the M1. The diet M1General Dynamics' AbramsX tank. US soldiers do maintenance on an Abrams tank in Germany in August 2017. "If you keep the armor protection at a very minimal level, that's how we achieve the 60 tons," Reese said.

CNN —“Mattress Mack” had reason to celebrate the Houston Astros’ World Series win on Saturday – and not just because he’s an Astros superfan. Houston furniture store owner Jim McIngvale, known as “Mattress Mack,” made a series of bets amounting to $10 million on the Astros to win the World Series. The Houston Astros celebrate their World Series win against the Philadelphia Phillies in Houston, Texas, on Saturday, November 5. Peña was awarded the World Series MVP for his stellar play during the series. He is just the second rookie to be named LCS and World Series MVP in the same postseason.

☆ Astros beat Phillies 4-1 to clinch World Series
▼ + stars: | 2022-11-06 | by ( ) www.reuters.com time to read: 1 min

[1/5] Nov 5, 2022; Houston, Texas, USA; Houston Astros third baseman Alex Bregman (2) is congratulated by first baseman Trey Mancini (26) after scoring against the Philadelphia Phillies during the sixth inning in game six of the 2022 World Series at Minute Maid Park. Mandatory Credit: Troy Taormina-USA TODAY SportsNov 5 (Reuters) - The Houston Astros beat the Philadelphia Phillies 4-1 on Saturday to claim their second World Series title in six years, taking the best-of-seven series 4-2. Yordan Alvarez powered the Astros to the win with a sixth inning three-run homer. Reporting by Steve Keating in Toronto. Editing by William MallardOur Standards: The Thomson Reuters Trust Principles.

☆ Astros Pena voted World Series most valuable player
▼ + stars: | 2022-11-06 | by ( ) www.reuters.com time to read: +1 min

[1/2] Nov 3, 2022; Philadelphia, Pennsylvania, USA; Houston Astros shortstop Jeremy Pena (3) reacts after hitting a solo home run against the Philadelphia Phillies during the fourth inning in game five of the 2022 World Series at Citizens Bank Park. Mandatory Credit: Bill Streicher-USA TODAY SportsNov 6 (Reuters) - Houston Astros rookie shortstop Jeremy Pena was named the World Series most valuable player on Saturday after his team beat the Philadelphia Phillies 4-1 to clinch the Fall Classic. Pena becomes the third rookie to be named World Series MVP joining Florida Marlins Livan Hernandez in 1997 and Larry Sherry with the 1959 Los Angeles Dodgers. It was a spectacular postseason performance from the 25-year-old Dominican, who delivered defensively and at the plate, registering at least one hit in each of the six World Series games. Pena, who was also named the American League championship series most valuable player, added another line in the record books in Game Five when he became the first rookie shortstop to hit a home run in the World Series.

☆ Houston Astros beat Phillies 4-1 to clinch World Series
▼ + stars: | 2022-11-06 | by ( Steve Keating | ) www.reuters.com time to read: +3 min

Mandatory Credit: Erik Williams-USA TODAY SportsNov 5 (Reuters) - Yordan Alvarez crushed a three-run homer to power the Houston Astros past the Philadelphia Phillies 4-1 on Saturday, claiming their second World Series title in six years and first since a sign-stealing scandal in 2017 tarnished their crown. After falling behind 2-1 in the best-of-seven series the Astros roared back with three straight wins, including just the second no-hitter in World Series history in Game Four. In 2019 the Astros had also returned home with a 3-2 series lead but dropped both games to the Washington Nationals. Baker, who earlier this year became the 12th manager to register 2,000 wins, filled the one hole on his resume winning his first World Series as a manager. "I tried not to dwell on it, but tried to have faith and perseverance and knowing that with the right team and the right personnel and right everything that this is going to happen.

☆ Haaland resumes normal service as City go top, Leeds win thriller
▼ + stars: | 2022-11-05 | by ( Martyn Herman | ) www.reuters.com time to read: +4 min

Leeds United backed up their stunning win over Liverpool last week when they stormed back from 3-1 down at home to Bournemouth to win 4-3 with Crysencio Summerville again the hero with the winning goal. Haaland had missed City's last two games with an injury and was deemed fit enough only for the bench against Fulham. He was sent into the fray just past the hour mark with City, despite being a man light, pushing for the winner. Almost immediately he had a headed goal ruled out for offside after a VAR check, but neither he, nor City, would be denied. Pascal Gross's fifth goal of the season then secured the win for Brighton to move them to sixth with 21 points.

CNN —The Houston Astros won the franchise’s second World Series title on Saturday after defeating the Philadelphia Phillies 4-1 in Game 6 at Minute Maid Park. After falling behind 2-1 through the first three games of the World Series, Houston evened up the series after throwing a combined no-hitter in Game 4. Party!”The Houston Astros celebrate their World Series win against the Philadelphia Phillies in Houston, Texas, on Saturday, November 5. Mary DeCicco/MLB Photos/Getty Images The Houston Astros celebrate their win in Game 5 of the World Series against the Philadelphia Phillies on Thursday, November 4. The Phillies hit five home runs in the game, tying a World Series record, and they won 7-0 to take a 2-1 series lead over the Houston Astros.

☆ A Twitter worker on leave to care for his son who's battling cancer says he's been let go
▼ + stars: | 2022-11-05 | by ( Sam Tabahriti | ) www.businessinsider.com time to read: +2 min

Hernan Alvarez Loaiciga received the news while on leave to care for his son battling cancer. He wrote on LinkedIn that he was let down by "New Twitter" when he needed it the most. The absence is not because he is on vacation, however: he's been caring for his son who has cancer. Loaiciga wrote on LinkedIn that "New Twitter" let him down "when I needed it the most: while on leave, taking care of my son who's fighting his most important battle, against cancer. The engineer manager who joined Twitter in January 2021, according to his LinkedIn profile, added: "Well, this is it.

☆ Last-gasp Haaland penalty earns 10-man Man City dramatic win over Fulham
▼ + stars: | 2022-11-05 | by ( ) www.reuters.com time to read: +3 min

[1/3] Soccer Football - Premier League - Manchester City v Fulham - Etihad Stadium, Manchester, Britain - November 5, 2022 Manchester City's Erling Braut Haaland scores their second goal from the penalty spot Action Images via Reuters/Lee SmithMANCHESTER, England, Nov 5 (Reuters) - A 95th-minute penalty from substitute Erling Haaland earned 10-man Manchester City a dramatic 2-1 win over Fulham on Saturday, a victory that sent the champions back to the top of the Premier League. "I was nervous (for the penalty)," Haaland told Sky Sports. It seemed City had done all they could until De Bruyne was brought down in the penalty area, giving Haaland the chance to continue his incredible debut season in England. Haaland has now scored 16 goals in his last 10 Premier League appearances. Arsenal have the chance to take back the league lead when they travel to Chelsea on Sunday.

☆ 'Blockbuster' star Randall Park reflects on what video rental stores meant to his immigrant family
▼ + stars: | 2022-11-04 | by ( Kimmy Yam | Kimmy Yam Is A Reporter For Nbc Asian America. | ) www.nbcnews.com time to read: +5 min

Randall Park’s new show, which centers around the last remaining video rental Blockbuster store, is — in many ways — a perfect project for the actor. There are also small nods to the way in which certain demographics would see the rental stores. / NetflixPark said the moment harkens back to memories of his own immigrant parents frequenting small video rental stores in Los Angeles’ Koreatown. The cultural safe space that the rental stores provided were significant, he said. “I do feel like video rental was definitely a part of our lives well after it stopped being mainstream,” he remembered.

CNN —It was an anxious, exciting night to be a Philadelphia or Houston sports fan Thursday, with a two-sport high-stakes showdown played at the same time that gave Houston an edge in the World Series and kept Philadelphia perfect on the gridiron. In Pennsylvania, there was Game 5 of the World Series between the Philadelphia Phillies and Houston Astros, each looking to take the advantage in a 2-2 series. The Houston Astros celebrate their win in Game 5 of the World Series against the Philadelphia Phillies on Thursday, November 4. Tim Nwachukwu/Getty Images Philadelphia right fielder Nick Castellanos makes a diving catch on the first play of Game 3 on Tuesday night. Houston vs. Philly, againAs the World Series was underway Thursday night, the Eagles held off the Texans in Houston 29-17 to start 8-0 for the first time in franchise history.

☆ Astros edge Phillies for 3-2 World Series lead
▼ + stars: | 2022-11-04 | by ( ) www.reuters.com time to read: +2 min

[1/5] Nov 3, 2022; Philadelphia, Pennsylvania, USA; Philadelphia Phillies second baseman Jean Segura (2) hits a single against the Houston Astros during the eighth inning in game five of the 2022 World Series at Citizens Bank Park. Mandatory Credit: John Geliebter-USA TODAY SportsNov 3 (Reuters) - Houston rookie shortstop Jeremy Pena delivered two key early RBIs and the Astros emerged with a gritty 3-2 road victory over the Philadelphia Phillies on Thursday to move one win away from a World Series championship. The Phillies, who were no-hit for just the second time in World Series history the day before, immediately responded with a solo shot from Kyle Schwarber to tie the game. Astros veteran starter Justin Verlander pitched his way out of a bases-loaded jam in the second inning by striking out Rhys Hoskins and would go on to tally his first World Series victory. The Astros now lead the best-of-seven series 3-2 as it shifts back to Houston for Game Six on Saturday and, if necessary, a Game Seven on Sunday.

☆ Astros pitch second no-hitter in World Series history
▼ + stars: | 2022-11-03 | by ( The Associated Press | ) www.nbcnews.com time to read: +7 min

Javier and Houston’s bullpen combined on just the second no-hitter in World Series history, silencing a booming lineup and boisterous fans as the Astros blanked the Phillies 5-0 Wednesday night to even the matchup at two games each. The only previous no-hitter in the World Series was a perfect game by Don Larsen of the New York Yankees against the Brooklyn Dodgers in 1956. Astros ace Justin Verlander will again chase that elusive first World Series win when he faces Noah Syndergaard. Up NextAstros: Verlander is 0-6 with a 6.07 ERA in eight World Series starts after failing to hold a five-run lead in the opener. Phillies: RHP Noah Syndergaard had been set to start Game 3 before it was washed out Monday night.

Search resuls for: "" Alvarez"

25 mentions found