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Private equity firm Staple Street Capital valued Dominion at $80 million when it purchased a controlling stake in it in 2018. The Fox settlement was nearly 10 times that amount and far outstripped the $226 million average of four pre-election valuations cited in Fox's court papers. Dominion's damages claim in the Fox case was based upon a report it commissioned from an accounting expert, half of which remains under seal. It is difficult to place a dollar value on the U.S. voting-machine industry because Dominion and its competitors all are privately held. While Dominion's report cites dozens of lost clients due to Fox's coverage, the company still has landed recent contract renewals including in California's Republican-majority Kern County.

CompaniesCompanies Law Firms Dominion Voting Systems Corp FollowFox Corp FollowApril 19 (Reuters) - Dominion Voting Systems' defamation lawsuit against Fox (FOXA.O), which resulted in Tuesday’s $787.5 million settlement, is part of a broader legal campaign by the company to seek accountability from companies and individuals whom it claims have spread falsehoods about its technology. The company said it stands by its coverage and will "vigorously defend" itself against Dominion's claims. TRUMP LAWYERS AND PATRICK BRYNEAlso in August 2021, Dominion sued Patrick Byrne, the former chief executive of online retailer Overstock.com Inc, saying he too spread conspiracy theories about the company's technology. Dominion also has lawsuits pending against former Trump lawyers, Sidney Powell and Rudy Giuliani, over the vote rigging claims. Each suit against the lawyers seeks at least $1.3 billion in damages.

☆ 16 takeaways from Fox News' historic $787.5 million settlement with Dominion
▼ + stars: | 2023-04-19 | by ( Jacob Shamsian | ) www.businessinsider.com time to read: +16 min

In the moments after I watched the judge announce the settlement in court, 16 things went through my mind:1. Evidence obtained by Dominion in the lawsuit and filed to court ahead of the settlement appeared to support that theory. There's always the Smartmatic case. In court filings ahead of the settlement, Fox complained about the $1.6 billion price tag Dominion put on the lawsuit. "Would be pretty unreal if you guys like 20x'ed your Dominion investment with these lawsuits," read one text to a Staple Street executive cited in a Fox court filing.

☆ The investor behind Dominion Voting Systems just bagged a 1,400% return after Fox News settled its defamation suit for $788 million
▼ + stars: | 2023-04-19 | by ( Matthew Fox | ) www.businessinsider.com time to read: +3 min

Dominion Voting Systems on Tuesday settled a defamation lawsuit with Fox News for $787.5 million. Staple Street Capital purchased a 76% stake in the voting technology company in 2018 for $38.8 million. Dominion initially sought $1.6 billion in damages from Fox News, but settled for about half that amount. The potential gain for Staple Street from the Dominion/Fox News lawsuit was on the radar of employees at the investment firm. For us this case has always been about exposing the truth and holding those who knowingly spread lies accountable," Staple Street co-founder Hootan Yaghoobzadeh said at a Tuesday press conference.

"Fox has admitted to telling lies about Dominion that caused enormous damage to my company, our employees and our customers," Poulos said in a statement. Shares of Fox Corp closed up slightly at $34 per share, but were down 1% in after-hours trading after the settlement amount was disclosed. Fox Corp CEO Lachlan Murdoch told Wall Street analysts in February that the company had about $4 billion cash on hand. [1/5] Dominion CEO John Poulos and lawyers speak to the media after Dominion Voting Systems and Fox settled a defamation lawsuit for $787.5 million, avoiding trial, over Fox's coverage of debunked election-rigging claims, in Delaware Superior Court, in Wilmington, Delaware, U.S. April 18, 2023. Fox Corp reported nearly $14 billion in annual revenue last year.

☆ Fox News settles Dominion's defamation lawsuit for $787.5 million over election conspiracy theories just as the trial is about to start
▼ + stars: | 2023-04-18 | by ( Jacob Shamsian | ) www.businessinsider.com time to read: +11 min

Fox News settled Dominion's defamation lawsuit over election conspiracy theories for $787.5 million. WILMINGTON, Delaware — Fox News settled Dominion Voting Systems's blockbuster defamation lawsuit just as it was about to go to trial, agreeing to pay it $787.5 million. In a press conference after Davis announced the settlement, Dominion CEO John Poulos criticized Fox for broadcasting lies about the company. Dominion first filed its lawsuit against Fox News and its parent company, Fox Corp., in March 2021. Representatives of Fox News arrive at the justice center for the Dominion Voting Systems' defamation lawsuit against Fox News, in Wilmington, Delaware.

☆ Fox News pushes Dominion to settle mammoth defamation lawsuit as judge delays trial, multiple sources report
▼ + stars: | 2023-04-17 | by ( Jacob Shamsian | ) www.businessinsider.com time to read: +9 min

Fox is pushing Dominion to settle its $1.6 billion defamation lawsuit, WSJ and Reuters report. Fox made a last-minute attempt to settle the case out of court, the Wall Street Journal reported, citing people familiar with the situation. A spokesperson for Fox Corp., the parent company of Fox News, declined to comment to Insider on the record. Fox Corp. CEO Lachlan Murdoch and Chairman Rupert Murdoch. Adrian Edwards/GC ImagesIn his own messages and depositions, Fox Corp.

Bill Clark | CQ-Roll Call Group | Getty ImagesAn embarrassing leak of highly classified Pentagon documents has endangered intelligence methods, exposed American strategy and undermined trust among U.S. allies, former defense department officials and intelligence experts tell CNBC. America's control over its most valuable secrets has been thrust into question amid the fallout from the most damaging intelligence leak since Edward Snowden's breach more than a decade ago. 'Devastating' for American alliesThe major security breach also contained intelligence gathering on American allies, including South Korea and Israel. "Our allies can't trust us … That's why the Middle East, they're talking to the Chinese. one American defense industry executive told CNBC, speaking anonymously due to professional restrictions.

☆ The Russian air force's struggles in Ukraine reveal glaring problems in now Moscow trains its pilots
▼ + stars: | 2023-04-10 | by ( Alex Hollings | Sandboxx News | ) www.businessinsider.com time to read: +35 min

Despite being bigger and more advanced than its enemy, Russia's air force has struggled in Ukraine. It's commonly said that Russian fighter pilots are not as well trained as their Western counterparts, particularly those from the United States. But however ineffective you may think Russian pilot training is compared to the West, the truth seems to be … much worse. A Russian air force pilot prepares to take off in an Su-35 fighter jet at Hemeimeem air base in Syria in September 2019. Put simply, the Gulf War air campaign creates a damning juxtaposition when compared directly to Russia's air campaign over Ukraine.

President Joe Biden has said he will sign the measure if it passes both the Senate and House and reaches his desk. Supporters of repeal also said it recognized that Iraq is no longer an adversary but has become a U.S. security partner. The resolution also would repeal the Gulf War AUMF approved in 1991 after Saddam's Iraq invaded Kuwait. The Iraq AUMFs have been labeled "zombie" authorizations because they never expire but their original purpose no longer applies. In 1971, Congress voted to repeal the Gulf of Tonkin Resolution, which had provided authority for the Vietnam War.

☆ Credit Suisse whistleblowers say Swiss bank has been helping wealthy Americans dodge U.S. taxes for years
▼ + stars: | 2023-03-29 | by ( Eamon Javers | ) www.cnbc.com time to read: +14 min

In this article CSCSG.N-CH Follow your favorite stocks CREATE FREE ACCOUNTA sign of Credit Suisse bank is seen at their headquarters in Zurich on March 20, 2023. "To date, no Credit Suisse employees involved in the scheme have faced any consequences from the United States government for their participation." "It's not a question of whether Swiss banks continue to do this, it's a question of which Swiss banks still do this." In a statement to CNBC, a Credit Suisse spokeswoman said it does not tolerate tax evasion. "DOJ must correct its lax oversight of Credit Suisse and hold Credit Suisse accountable for any violations of its plea agreement," he said.

☆ The latest US bank crisis is opening doors for China to assert global ascendancy, Yale economist says
▼ + stars: | 2023-03-27 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +3 min

Volatility in the US banking system is an opportunity for China, Yale's Stephen Roach said. "A rising China is taking dead aim at crisis-prone America," Roach said. "A rising China could hardly ask for more." "That's precisely the point of the increasingly worrisome interplay between another US-made financial shock and a sharply escalating Sino-American cold war. A rising China is taking dead aim at crisis-prone America," Roach warned.

☆ Death toll in US strikes on pro-Iran targets in Syria rises to 19 -war monitor
▼ + stars: | 2023-03-25 | by ( ) www.reuters.com time to read: +2 min

BEIRUT, March 25 (Reuters) - The death toll in U.S. air strikes on pro-Iran installations in eastern Syria has risen to 19 fighters, a Syrian war monitor said on Saturday, in one of the deadliest exchanges between the U.S. and Iran-aligned forces in years. The U.S. carried out strikes in eastern Syria in response to a drone attack on Thursday that left one American contractor dead, and another one wounded along with five U.S. troops. The war monitor said air raids killed three Syrian troops, 11 Syrian fighters in pro-government militias and five non-Syrian fighters who were aligned with the government. Another U.S. service member was wounded, according to officials, and local sources said suspected U.S. rocket fire hit more locations in eastern Syria. Tehran's growing entrenchment in Syria has drawn regular Israeli air strikes but American aerial raids are more rare.

☆ Fox News is unlikely to face pushback from professional journalism groups after court documents revealed it lied to viewers
▼ + stars: | 2023-03-19 | by ( Jacob Shamsian | ) www.businessinsider.com time to read: +8 min

The White House Correspondents' Association doesn't police member conduct, a former board member said. A number of professional organizations told Insider that Fox News fell well short of the standards expected in the profession. "Journalism receives significant protections from the First Amendment and with those protections come profound responsibilities," McCarran told Insider. Evidence made public in Dominion's lawsuit shows how Fox employees — beyond just hosts of opinion shows — had priorities other than telling their viewers the truth. "There are left-wing publications, right-wing publications, there are government-owned publications — there's Voice of America, foreign news organizations," the former board member said. "

☆ Fact Check-WEF does not have a policy encouraging one child per white family in the US
▼ + stars: | 2023-03-14 | by ( Reuters Fact Check | ) www.reuters.com time to read: +2 min

The World Economic Forum (WEF) does not have a policy encouraging white families in the United States to have only one child, a spokesperson told Reuters, rejecting a claim shared online. The headline of the article published on March 9 reads: “WEF Says US Must Implement ‘One Child Policy’ For White Families” (archive.is/wip/PO1KJ). Reuters did not find any credible media outlet reporting on the alleged ‘One America, One Child’ policy (archive.is/wip/ADnPH). Archived versions of the WEF’s Twitter account saved in March also do not contain the alleged post (here), (here). There’s no evidence of any WEF policy encouraging one child per white family in the United States, and a spokesperson for the organization denied the allegation to Reuters.

☆ Here's a look at how work-life balance compares in the US, France, Australia, and the UK
▼ + stars: | 2023-03-12 | by ( Jordan Hart | Sam Tabahriti | ) www.businessinsider.com time to read: +8 min

Insider compared the work-life balance of the US, France, Australia, and the UK. The clip prompted Insider to look into how work-life balance in the US compares to other developed countries like the UK, France, and Australia. In the US, employees worked more than in the UK, France, and Australia at an average of 1,750 hours per year, the report found. UKGetty ImagesIn a 2023 worldwide work-life balance index by Forbes, the UK claimed five spots in the top 25 cities with the best work-life balance. "I'm among those who think it's important to have a work-life balance," Culleron told Insider.

☆ Rupert Murdoch could face FEC fines if he tipped off Jared Kushner about Biden's presidential ads before they aired
▼ + stars: | 2023-03-03 | by ( Madison Hall | Jacob Shamsian | ) www.businessinsider.com time to read: +5 min

Dominion claims Rupert Murdoch shared info about Biden ads with Trump's campaign in 2020. "During Trump's campaign, Rupert provided Trump's son-in-law and senior advisor, Jared Kushner, with Fox confidential information about Biden's ads, along with debate strategy (providing Kushner a preview of Biden's ads before they were public)," Dominion's lawyers alleged in the filing. "If the allegations are true, this is precisely what Murdoch provided to the Trump campaign," he said. After Trump lost, Murdoch shifted attention to two runoff elections in Georgia for US Senate seats. "My friend Jared Kushner called me saying, 'This is terrible,' Murdoch wrote.

In a text message with his producer, Alex Pfeiffer, Mr. Carlson appeared livid that viewers were turning against the network. On Nov. 7, 2020, Mr. Carlson told Mr. Pfeiffer that claims about manipulated software were “absurd.” Mr. Pfeiffer replied later that there was not enough evidence of fraud to swing the election. A video of Carlson from “Tucker Carlson Tonight.” Said publicly on Nov. 19, 2020 Carlson: “We did not dismiss any of it. It aired on the programs hosted by Mr. Dobbs, Ms. Bartiromo and Jeanine Pirro. On Feb. 5, 2021, one day after Smartmatic filed a defamation lawsuit against Fox, Fox Business canceled “Lou Dobbs Tonight.” At the time, Fox said it regularly reviewed its lineup.

☆ 'Business is very good, unfortunately': Arms fair spotlights bonanza year ahead for weapons companies
▼ + stars: | 2023-02-24 | by ( Natasha Turak | ) www.cnbc.com time to read: +8 min

Mohammed Zarandah | Anadolu Agency | Getty ImagesFew things illustrate the health of the arms industry like a massive defense fair. Indeed, many countries are ramping up their defense spending to unprecedented levels. On top of that, U.S. military spending on Ukraine alone hit nearly $50 billion in the last year. China and Saudi Arabia also set respective records for their own governments' defense spending in 2022, despite inflation, giving no indications of slowing down. France's Caesar self-propelled guns, which have been highly effective in battle for the Ukrainian military, normally take two years to make; the government aims to cut that time in half.

☆ Russia is likely to claim a big victory in Bakhmut as 1-year anniversary of its invasion approaches, regardless of the reality on the ground, UK intel says
▼ + stars: | 2023-02-20 | by ( Joshua Zitser | ) www.businessinsider.com time to read: +3 min

Russia is under increasing political pressure to capture Bakhmut by February 24, UK intel said. It's "likely" that Russia will claim victory there regardless of the reality on the ground, it said. Analysts say that Russia will struggle to seize Bakhmut by the first anniversary of the Ukraine war. "It is likely that Russia will claim that Bakhmut has been captured to align with the anniversary, regardless of the reality on the ground," the MoD said. The UK intelligence update added that Russia is continuing to pursue several offensive axes in eastern Ukraine, with casualties reportedly remaining high in Bakhmut.

☆ Fox News hosts and executives privately mocked pro-Trump election conspiracy theories after he lost, internal texts show
▼ + stars: | 2023-02-17 | by ( Jacob Shamsian | ) www.businessinsider.com time to read: +12 min

It enrages me," Tucker Carlson wrote in a text message to his producer Alex Pfeiffer. "Not a single Fox witness testified that they believe any of the allegations about Dominion are true," Dominion lawyers wrote. Imho they need to address but wtf do I know," Hannity wrote in a text message, referring to Newsmax. That email, Dominion's lawyers write, came from an unnamed author who claimed to be a beheaded ghost who talks to the wind. President Trump not only was the sitting President, he was the key figure that day," Dominion's lawyers wrote.

☆ Republicans held a hearing to prove Twitter’s bias against them. It backfired in spectacular fashion
▼ + stars: | 2023-02-08 | by ( Oliver Darcy | ) edition.cnn.com time to read: +4 min

Despite no real evidence to support this weighty and consequential claim, Republicans were unrelenting in peddling it to the American public. Republicans showed, once again, that they are married to pushing claims that Silicon Valley is intentionally and unjustly censoring conservative views, even when the facts do not contort with their narrative. Ironically, the hearing appeared to reveal that Twitter had acquiesced to Trump and changed its policies after it concluded that he had violated its rules. And the hearing hinted that the Trump White House attempted to censor the speech of at least one American: Chrissy Teigen. Strangely enough, Republicans showed no interest in drilling down on this allegation of censorship.

WASHINGTON/BEIJING, Feb 3 (Reuters) - U.S. Secretary of State Antony Blinken has postponed a visit to China that had been expected to start on Friday after a Chinese spy balloon was tracked flying across the United States, a U.S. official said. China earlier expressed regret that what it called a "civilian" airship had strayed into U.S. territory after being blown off course, an incident that sparked a political furor in the United States. Republican Senator Tom Cotton had called for Blinken to cancel his trip, while Republican former President Donald Trump, a declared presidential candidate for 2024, posted "SHOOT DOWN THE BALLOON!" It said it would continue to communicate with the United States to "properly handle" the unexpected situation. Senator Marco Rubio, the top Republican on the Senate intelligence committee, said the spy balloon was alarming but not surprising.

☆ George Santos loses his cool with OAN reporter after being questioned about the sincerity of his apology for campaign lies
▼ + stars: | 2023-02-01 | by ( Tom Porter | ) www.businessinsider.com time to read: +3 min

George Santos became angry when challenged by a reporter over his lies on the campaign trail. Santos has been found to have fabricated a string of claims about his background and career. "You know, I don't know what you mean by that, because I have," Santos replied, as Sinclair remarked that he seemed to be becoming angry. "And, you know, I don't know what is asked of me right now when you ask: 'Oh, you have not shown remorse or you don't seem to look sorry'. I don't know what looking sorry looks like to you, Caitlin," he added.

☆ DirecTV drops Newsmax
▼ + stars: | 2023-01-26 | by ( Jordan Valinsky | ) edition.cnn.com time to read: +2 min

New York CNN —DirecTV has dropped Newsmax, a right-wing TV network, from its channel lineup over a carriage fee dispute. “We continually evaluate the most relevant programming to provide our customers and expect to fill this available channel with new content,” DirecTV said. Newsmax noted it offers its feed for free on its website, on YouTube and on multiple streaming platforms such as Roku, so viewers with DirecTV service will still be able to watch. Newsmax responded to getting the boot by accusing DirecTV of bias and censorship. “This is a blatant act of political discrimination and censorship against Newsmax,” CEO Christopher Ruddy said in a statement that was posted on Newsmax’s website.

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