DIRS.INFO The most relevant business & tech news

☆ NBA roundup: Nets stun Celts with NBA's biggest comeback of season
▼ + stars: | 2023-03-04 | by ( ) www.reuters.com time to read: +7 min

Cam Johnson added 20 points for the Nets, who also received 17 points apiece from Spencer Dinwiddie and Dorian Finney-Smith. Jayson Tatum, who turned 25 on Friday, finished with 22 points and 13 rebounds, but he missed all eight of his 3-point attempts. Terry Rozier posted 22 points, Gordon Hayward 17 and Mark Williams 13 points for Charlotte, which was hurt by 21 turnovers. Kings 128, Clippers 127De'Aaron Fox recorded 33 points, seven rebounds and seven assists and Sacramento won its fifth straight game by prevailing over visiting Los Angeles. Jonathan Kuminga, coming off the Golden State bench, chipped in with 19 points, seven rebounds and four steals.

Leonard Green is also considering the sale of a minority stake in Pro Mach as an alternative to an outright sale, one of the sources said. That would preserve Pro Mach's debt structure and would not require bidders to secure leveraged buyout financing, the source added. Leonard Green and Pro Mach did not immediately respond to requests for comment. Leonard Green bought Pro Mach from buyout firm AEA Investors LP for about $2.2 billion, including debt, in 2018. Moody's said in December that Pro Mach's order book indicated "healthy demand" for its products despite concerns of slowing economic growth.

☆ Hacked Washington law firm fights SEC subpoena in effort to protect attorney-client privilege
▼ + stars: | 2023-03-01 | by ( Rohan Goswami | ) www.cnbc.com time to read: +3 min

People exit the headquarters of the U.S. Securities and Exchange Commission (SEC) in Washington, D.C., May 12, 2021. Covington & Burling has more than 700 lawyers in Washington, D.C., where the international firm has built a reputation of working with regulators rather than fighting them. "The SEC's subpoena turns advocate into informant, conscripting Covington as a source for investigative leads against its own clients," the firm said in a filing. Covington remains unyielding in its opposition, and the firm is getting a hefty dose of support from its legal peers. Officials have said cooperation and support from the private sector, ranging from small businesses to top law firms, is a critical part of law enforcement's efforts to protect U.S. interests.

☆ Meet Sandra Douglass Morgan, the only Black female president in the NFL: ‘This job is much bigger than me’
▼ + stars: | 2023-02-28 | by ( Morgan Smith | ) www.cnbc.com time to read: +5 min

Growing up in Las Vegas, Sandra Douglass Morgan never dreamed about making history — she just wanted to make herself, and her parents, proud. But Douglass Morgan didn't need to eavesdrop to understand that she and her family would be treated unfairly because of the color of their skin. Douglass Morgan, now 44, made a promise to herself: No matter what she did, she would champion equity and respect. Months later — and after the abrupt departure of two presidents — Davis approached Douglass Morgan about the job. Douglass Morgan sought the counsel of friends and family, including her husband, Don Morgan, who played four years in the NFL with the Minnesota Vikings and Arizona Cardinals.

☆ Putin will pay a 'huge price' for the war in Ukraine, former Swedish prime minister says
▼ + stars: | 2023-02-24 | 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 EmailPutin will pay a 'huge price' for the war in Ukraine, former Swedish prime minister saysCarl Bildt, who served as Swedish prime minister from 1991 to 1994 and is now policy advisor at Covington & Burling LLP, says the war has been a "massive strategic failure" from the Kremlin's point of view.

☆ Americans Moving From Colder Climes Face New Weather Extremes: 100 Degree Temps and Drought
▼ + stars: | 2023-02-16 | by ( Cecilie Rohwedder | ) www.wsj.com time to read: 1 min

This week, The Wall Street Journal’s Mansion section is rolling out stories from our special desert living issue. Check out these stories on artists building luxurious studios to soak in the surrounding landscape and the enduring allure of adobe homes. Jim and Fran Allen moved to Tucson, Ariz., from Covington, Ky., in 2017 to get out of the snow and cold. Building a house in the desert for themselves and their art collection meant managing sun and heat.

Feb 14 (Reuters) - Law firm Covington & Burling fired back at a lawsuit from the U.S. Securities and Exchange Commission on Tuesday, arguing the agency overstepped by asking it to identify clients affected by a 2020 cyberattack on the firm. Covington said an SEC subpoena for the names of nearly 300 publicly traded companies whose information was accessed or stolen during the hack threatened to expose confidential client information that the firm is required to protect. The SEC sued Covington last month to force the powerful D.C.-based firm to identify the clients as part of an investigation into potential securities law violations associated with the hack. The firm pointed to legal ethics rules that require law firms to keep the confidences of their clients and protect potentially embarrassing information. Covington said it worked with the FBI to investigate the cyberattack and notified all clients whose information was potentially compromised.

☆ The Paradox of Prosecuting Domestic Terrorism
▼ + stars: | 2023-02-08 | by ( James Verini | ) www.nytimes.com time to read: +52 min

The preventive approach to domestic terrorism goes back even further than the 1990s and it begins with the basic police work and surveillance of the joint terrorism task forces. In fact, there is no section of the U.S. Criminal Code that criminalizes domestic terrorism as such. The absence of clear law around domestic terrorism, and the imperatives of prevention, mean that investigators and prosecutors who work domestic terrorism cases must focus on more common charges: weapons violations, illegal drug possession, burglary, aiding and abetting and so forth. But this was not enough to overrule the fear of domestic terrorism that was gripping the nation and that hung in the courtroom. It reflected the legal paradoxes of the case and domestic terrorism law in general or, maybe more accurately, the absence of it.

☆ ABA Passes Resolution Opposing Suspicious-Transaction Reporting Rule for Lawyers
▼ + stars: | 2023-02-07 | by ( Dylan Tokar | ) www.wsj.com time to read: +5 min

The association also is considering changes to its professional conduct rules around the vetting of clients. The ABA’s rules for professional conduct are typically used as a basis for the rules enforced by state courts, which serve as primary regulators of the legal trade. Under current rules, lawyers have an ethical obligation to keep confidential all information relating to the representation of their clients. Requiring lawyers to report suspicious transactions by their clients also could undermine attorney-client privilege, the group argued in their resolution. Those committees are expected to file a resolution at the annual meeting of the ABA’s policy arm later this year.

☆ NBA roundup: Mavs win game but lose Luka Doncic
▼ + stars: | 2023-01-27 | by ( ) www.reuters.com time to read: +5 min

Knicks 120, Celtics 117 (OT)Julius Randle scored 37 points and Jalen Brunson added 29 as New York came back to win in overtime in Boston. Brunson added four rebounds, seven assists and two blocks, rejecting Malcolm Brogdon's potential game-tying 3 at the buzzer. Jayson Tatum had 35 points and 14 rebounds while Jaylen Brown added 22 points in Boston's third straight loss. Zach LaVine had 18 points and nine rebounds, Patrick Williams posted 15 points in his hometown, and Nikola Vucevic (nine rebounds) and Ayo Dosunmu each had 12 points. Norman Powell added 15 points for Los Angeles, with Robert Covington scoring 13 and Reggie Jackson and Ivica Zubac contributing 12 and 11 points, respectively.

☆ McConnell: U.S. debt limit solution must come from Biden, McCarthy
▼ + stars: | 2023-01-24 | by ( Reuters Staff | ) www.reuters.com time to read: +2 min

“In this current situation, the debt ceiling fix – if there is one, or how it’s to be dealt with – will have to come out of the House,” McConnell told reporters. House Republicans want to exact spending cuts from Biden in exchange for a deal on the debt ceiling. “I can’t imagine any debt ceiling provision passed out of the Senate with 60 votes could actually pass this particular House,” he added. Biden and McCarthy have agreed to meet to talk about the debt ceiling and other issues. Treasury Secretary Janet Yellen has called on Congress to move quickly to address the borrowing limit.

[1/4] The logo of FTX is seen at the entrance of the FTX Arena in Miami, Florida, U.S., November 12, 2022. Companies facing wide-ranging investigations often hire pool counsel for employees. The use of pool counsel suggests that federal prosecutors in Manhattan probing FTX's collapse may be interested in questioning a deep roster of employees. The use of pool counsel enables a single legal team to gain expertise in the case, making it more efficient than having each employee retain individual lawyers, Krissoff said. The arrangement does not mean Covington is representing FTX, which has turned to Sullivan & Cromwell, another law firm.

☆ SEC Seeks Names of Public Companies Affected by Email Hack on Law Firm
▼ + stars: | 2023-01-12 | by ( Dave Michaels | ) www.wsj.com time to read: 1 min

WASHINGTON—Regulators asked a federal court to require Covington & Burling LLP to hand over information about a 2020 breach of the law firm’s email systems that could have been used to facilitate illicit trading. The Securities and Exchange Commission said in its request for a court order that Covington was hacked in November 2020 by a group known as Hafnium responsible for a number of attacks on Microsoft Corp. software. Microsoft has said that group is a state-sponsored Chinese outfit that targeted vulnerabilities in versions of Exchange Server, an email and calendar application, that run on computer systems in physical offices.

House Dem whip says caucus will keep voting in speaker race House Democratic whip Rep. Katherine Clark, D-Mass, said her caucus will stick around and continue voting in the speaker race. Davidson suggested there are "a couple procedural paths" where McCarthy could become speaker if Republicans changed the threshold needed to win the election. The polarization is too great.” Cole said that for all the House GOP divisions, “there’s no question” that most members in the caucus are closer in policy and vision to the anti-McCarthy rebels than they are to centrist Democrats. As Biden celebrated an upgrade to an aging bridge linking Kentucky and Ohio, House Republicans deadlocked on the basic task of electing a speaker, foreshadowing what is likely to be two years of infighting. The McCarthy-aligned Congressional Leadership Fund and the conservative Club for Growth agreed to not pick sides in some competitive House GOP primary races in exchange for supporting McCarthy's bid for speaker.

COVINGTON, Ky. — A key part of the White House plan to combat the new House GOP majority was on vivid display Wednesday: President Joe Biden talked about bridges and bipartisanship, while Republicans bickered among themselves. They plan to show him addressing real-world problems that are Americans' top concern while painting congressional Republicans as being focused on raw politics. They are refining plans to pressure House Republicans in swing districts to stop any impeachment votes in committee — before the issue reaches the House floor. The general view inside the White House is that there is little of substance to worry about. There, Barack Obama challenged McConnell and congressional Republicans to “help us rebuild this bridge!” and put unemployed construction workers to work.

Mortgage borrowing limits are the same in all Alabama counties. Mortgage borrowing limits in Alabama are the same in every county in 2022: $726,200 for conforming mortgages and $472,030 for FHA mortgages. How do mortgage borrowing limits work? If you want to buy a home that costs more than the conforming mortgage limit in your county, you'll need to get a jumbo mortgage. Alabama borrowing limits in 2023 by countyCounty Conforming mortgage limit (single-family home) FHA mortgage limit (single-family home) Autauga $726,200 $472,030 Baldwin $726,200 $472,030 Barbour $726,200 $472,030 Bibb $726,200 $472,030 Blount $726,200 $472,030 Bullock $726,200 $472,030 Butler $726,200 $472,030 Calhoun $726,200 $472,030 Chambers $726,200 $472,030 Cherokee $726,200 $472,030 Chilton $726,200 $472,030 Choctaw $726,200 $472,030 Clarke $726,200 $472,030 Clay $726,200 $472,030 Cleburne $726,200 $472,030 Coffee $726,200 $472,030 Colbert $726,200 $472,030 Conecuh $726,200 $472,030 Coosa $726,200 $472,030 Covington $726,200 $472,030 Crenshaw $726,200 $472,030 Cullman $726,200 $472,030 Dale $726,200 $472,030 Dallas $726,200 $472,030 DeKalb $726,200 $472,030 Elmore $726,200 $472,030 Escambia $726,200 $472,030 Etowah $726,200 $472,030 Fayette $726,200 $472,030 Franklin $726,200 $472,030 Geneva $726,200 $472,030 Greene $726,200 $472,030 Hale $726,200 $472,030 Henry $726,200 $472,030 Houston $726,200 $472,030 Jackson $726,200 $472,030 Jefferson $726,200 $472,030 Lamar $726,200 $472,030 Lauderdale $726,200 $472,030 Lawrence $726,200 $472,030 Lee $726,200 $472,030 Limeston $726,200 $472,030 Lowndes $726,200 $472,030 Macon $726,200 $472,030 Madison $726,200 $472,030 Marengo $726,200 $472,030 Marion $726,200 $472,030 Marshall $726,200 $472,030 Mobile $726,200 $472,030 Monroe $726,200 $472,030 Montgomery $726,200 $472,030 Morgan $726,200 $472,030 Perry $726,200 $472,030 Pickens $726,200 $472,030 Pike $726,200 $472,030 Randolph $726,200 $472,030 Russell $726,200 $472,030 St. Clair $726,200 $472,030 Shelby $726,200 $472,030 Sumter $726,200 $472,030 Talladega $726,200 $472,030 Tallapoosa $726,200 $472,030 Tuscaloosa $726,200 $472,030 Walker $726,200 $472,030 Washington $726,200 $472,030 Wilcox $726,200 $472,030 Winston $726,200 $472,030Note: In every county in Alabama, if you want to borrow more than the baseline loan limit of $726,200, you'll need to get a jumbo mortgage.

☆ Biden, McConnell Kentucky event is a roadmap for White House under new Congress
▼ + stars: | 2023-01-04 | by ( Steve Holland | ) www.reuters.com time to read: +5 min

[1/2] U.S. Senate Republican Leader Mitch McConnell (R-KY) speaks during an event to tout the new Brent Spence Bridge over the Ohio River between Covington, Kentucky and Cincinnati, Ohio, near the bridge in Covington, Kentucky, U.S., January 4, 2023. That's the opposite of what the White House thinks voters want. In a stark sign of the Republican divisions that the White House hopes will work to their advantage, Trump endorsed McCarthy on Wednesday morning, while lobbing a racial slur at McConnell's wife. Biden and McConnell were joined by Senator Sherrod Brown of Ohio, former Ohio Senator Rob Portman, Kentucky Governor Andy Beshear and Ohio Governor Mike DeWine. McConnell was among a handful of Republicans who voted for the infrastructure law while many House Republicans including McCarthy opposed it.

☆ Biden, McConnell Set to Tout Bridge Funding in Show of Bipartisanship
▼ + stars: | 2023-01-04 | by ( Catherine Lucey | Siobhan Hughes | ) www.wsj.com time to read: 1 min

WASHINGTON—President Biden and Senate Minority Leader Mitch McConnell will tout a bridge project made possible under the 2021 infrastructure bill during a trip to Kentucky on Wednesday, offering a show of bipartisanship as Washington lurches into a contentious era of divided government. The former colleagues were set to visit Covington, Ky., where the White House planned to announce funding to upgrade the Brent Spence Bridge between Ohio and Kentucky, as well as investments in other bridges around the country. Also scheduled to attend were Sen. Sherrod Brown (D., Ohio), Ohio Gov. Mike DeWine , a Republican, former Sen. Rob Portman (R., Ohio) and Kentucky Gov.

☆ Biden highlights bipartisanship during House GOP chaos
▼ + stars: | 2023-01-04 | by ( ) www.cnbc.com time to read: +7 min

"To have a Congress that can't function is just embarrassing," Biden said before he left Kentucky to return to Washington. The GOP senator called the bridge an example of bipartisanship that the "country needs to see." "The Brent Spence bridge is one of them. The Brent Spence, which carries Interstates 71 and 75 between Cincinnati and northern Kentucky, was declared functionally obsolete by the Federal Highway Administration in the 1990s. "We're going to get it fixed," Trump said about the Brent Spence, which he called "dangerous."

☆ Stellantis to build U.S. firm Archer's air taxi
▼ + stars: | 2023-01-04 | by ( Gilles Guillaume | ) www.reuters.com time to read: +2 min

PARIS, Jan 4 (Reuters) - Car maker Stellantis (STLA.MI) will help build Archer Aviation's (ACHR.N) electric aircraft Midnight eVTOL and increase its stake in the U.S. company, the two firms said on Wednesday. Industrial firms and new startups are flocking to invest in air taxis, which can take off and land vertically to ferry travellers to airports or on short trips between cities, allowing them to beat traffic. It is designed for back-to-back short distance trips of around 20 miles, with a charging time of approximately 10 minutes in-between. "The goal is for Stellantis to mass produce Archer’s eVTOL aircraft as its exclusive contract manufacturer," the companies said in a joint statement. Stellantis will also increase its existing stake in Archer through stock purchases in the open market.

McConnell wants to get credit from voters in his home state of Kentucky for the spending project, while Biden wants to highlight the on-the-ground impacts of lawmakers working together. That's the opposite of what the White House thinks voters want. Democrats' unexpected success in the last midterms shows "the American people said very loudly and clearly they wanted us to come together and work for a common ground,” White House press secretary Karine Jean-Pierre told reporters on Wednesday. The two will be joined by Senator Sherrod Brown of Ohio, former Ohio Senator Rob Portman, Kentucky Governor Andy Beshear and Ohio Governor Mike DeWine. McConnell, of Kentucky, was among a handful of Republicans who voted for the infrastructure law while many House Republicans including McCarthy opposed it.

☆ Georgia Early Voting Hits Records in Runoff Between Raphael Warnock and Herschel Walker
▼ + stars: | 2022-12-01 | by ( Cameron Mcwhirter | ) www.wsj.com time to read: 1 min

Early voting this week at Atlanta’s Metropolitan Library. Under Georgia law, a runoff was triggered for the U.S. Senate after neither candidate won more than 50% of the vote. Gary Esslinger, 54 years old and from Covington, Ga., tried to vote Tuesday but the line was long. Mr. Esslinger instead came back early Wednesday during a heavy rain and was able to vote quickly. He voted for Mr. Walker, but he said he was tired of all the campaigning.

☆ Retired Louisiana priest identified as one of two people found 'burned beyond recognition'
▼ + stars: | 2022-11-30 | by ( Minyvonne Burke | Minyvonne Burke Is A Senior Breaking News Reporter For Nbc News. | ) www.nbcnews.com time to read: +1 min

A priest was identified as one of the two people police found "burned beyond recognition" in Covington, Louisiana, Monday. The bodies of Father Otis Young Jr. and a second person were located at about 7 a.m. on E. Gibson Street, the Covington Police Department said in a Facebook statement. A spokesperson for the St. Tammany Parish Coroner’s Office said Young, 71, died from sharp and blunt force trauma. The office is using DNA to identify the second victim, a woman, the spokesperson said. St. Peter Parish said in a statement Tuesday that it was "devastated" by news of the killings.

☆ Law firms that make billions fighting injuries and frauds are very hush-hush about what they pay. Here are the starting salaries at 19 firms from Altshuler to Wigdor.
▼ + stars: | 2022-11-08 | by ( Jack Newsham | ) www.businessinsider.com time to read: +8 min

Many plaintiffs' firms pay somewhere in between. Despite more law firms increasingly paying their top earners like professional athletes, many law school grads only make between $50,000 and $80,000 a year. Things do appear to be changing as more plaintiffs firms seek to compete with Big Law firm talent. But firms like Edelson that pay as much as Big Law firms are the exception. For more information on how these law firms pay, see our table below:Do you have more information on how plaintiffs' firms pay their lawyers?

Organizations: & $

☆ Battery-recycling startup Ascend Elements just pulled in $800 million in funding. Here's why investors are betting on it to beat out rivals like Redwood Materials.
▼ + stars: | 2022-10-26 | by ( Alexa St. John | ) www.businessinsider.com time to read: +4 min

Ascend Elements wants to lead in the crucial EV-battery-recycling space. The burgeoning battery-recycling startup Ascend Elements is sitting on a fresh $800 million — and its CEO plans to spend it on beating out rivals like Redwood Materials. Redwood Materials, arguably the most-known player in the industry, saw a whopping $700 million Series C last year. Correction: October 26, 2022 — An earlier version of this story misstated the breakdown of Ascend Element's funding. The $50 million strategic investment from SK is part of the $200 million in equity funding, not in addition to it.

Search resuls for: "Covington

25 mentions found