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Wells Fargo to pay $1 bn to settle shareholder class action
Wells Fargo to pay $1 bn to settle shareholder class action
US bank Wells Fargo has agreed to pay $1 billion to settle a class action lawsuit by shareholders who accused it of not having changed its management and practices quickly...
2023-05-16 14:52
Trump's promise of payback for prosecution follows years of attacking democratic traditions
Trump's promise of payback for prosecution follows years of attacking democratic traditions
Donald Trump’s attacks on the justice system after his indictment on federal charges this week are the latest step in a now eight-year campaign by the former president and his allies against the traditions and institutions that have helped maintain American democracy
2023-06-16 12:51
Cam Smith pulls away from Phil Mickelson for a 4-shot lead at LIV Golf
Cam Smith pulls away from Phil Mickelson for a 4-shot lead at LIV Golf
Phil Mickelson was in the hunt at LIV Golf
2023-08-13 08:24
Private astronaut crew, including first Arab woman in orbit, returns from space station
Private astronaut crew, including first Arab woman in orbit, returns from space station
By Steve Gorman (Reuters) -An all-private astronaut team of two Americans and two Saudis, including the first Arab woman sent
2023-05-31 11:20
Home sales fell again in August as homebuyers grapple with rising mortgage rates and prices
Home sales fell again in August as homebuyers grapple with rising mortgage rates and prices
Sales of previously occupied U.S. homes fell for the third month in a row in August, as higher mortgage rates, rising prices and a dearth of properties on the market shut out many would-be homebuyers
2023-09-21 23:50
Harry Maguire: Manchester United star accepts apology from Ghana MP Isaac Adongo
Harry Maguire: Manchester United star accepts apology from Ghana MP Isaac Adongo
Isaac Adongo had compared his vice-president's economic policies to the Manchester Utd star's performances.
2023-11-23 16:49
Abraham Accord Arab states seen sticking with Israel despite Jenin violence
Abraham Accord Arab states seen sticking with Israel despite Jenin violence
By Michael Georgy, Lisa Barrington DUBAI (Reuters) -Public fury is growing in the Arab world over one of Israel's biggest
2023-07-06 10:49
DeSantis cornered on his Bud Light boycott after threatening legal action over stock drop
DeSantis cornered on his Bud Light boycott after threatening legal action over stock drop
Ron DeSantis threatened Bud Light’s parent company with legal action after the beer brand’s sales and stocks dropped because of right-wing backlash and transphobic boycotts over a transgender influencer’s sponsored social media post – a boycott that the Florida governor supported. Mr DeSantis, who is seeking the 2024 Republican nomination for president, defended the boycott in a lengthy, wide-ranging interview with Megyn Kelly on SiriusXM after outlining the potential impacts of poor sales and stock prices on the state’s pension fund, which holds stock in Anheuser-Busch and InBev. The right-wing news personality asked whether Mr DeSantis was “using government to punish citizens for political wrongthink,” an accusation often thrown at Democratic officials by conservatives. “No. Take Anheuser-Busch. We’re not punishing them. They departed from business practices by indulging in social activism. That has caused a huge problem for their company, and their stock price has gone down,” Mr DeSantis said. “Well, our pension fund in Florida holds Anheuser-Busch/InBev stock. So it’s actually hurt teachers, it’s hurt cops, it hurts firefighters who depend on that pension fund, and so –.” “Didn’t you support the boycott against them?” Ms Kelly interjected. “No, I did, but that’s just as a personal thing, but I mean we didn’t have, like, the state government, you know, necessarily, you know, putting power about it, but as an American I said I’m not doing Anheuser-Busch, I’m not doing Bud Light.” In a recent letter to a state agency that manages retirement accounts for state workers, Mr DeSantis suggested that InBev “breached legal duties to its shareholders” by associating with “radical social ideologies” after trans influencer Dylan Mulvaney posted a video to her Instagram account with a Bud Light can in May. The video sparked widespread outrage among Republican officials and right-wing personalities who have filmed themselves dumping out beers, shooting bottles and cans, and pledging to boycott Budweiser products because a trans person was featured in marketing. “All options are on the table,” Mr DeSantis wrote in his letter, though it’s unclear what the state can do to challenge the multinational company’s business decisions. “When you take your eye off the ball like that, you’re not following your fiduciary duty to do the best you can for your shareholders, so we’re going to be launching an inquiry about Bud Light and InBev, and it could be something that leads to a derivative lawsuit on behalf of the shareholders of the Florida pension fund,” Mr DeSantis told Fox News host Jesse Watters on 20 July. Ms Kelly also pressed the governor on his administration’s actions against the Walt Disney Company and its sprawling theme park campus in the state. The company and the DeSantis administration are suing one another following a feud over Disney’s opposition to what opponents have called Florida’s “Don’t Say Gay” law that boiled over into political and legal battles that could shape the company’s business in the state. The governor has overseen what is effectively a state takeover of the municipal board that managed Disney’s park campus for decades, a move that the company has called a “targeted campaign of government retaliation”. “Why can’t Disney oppose your law … without being punished by the state?” Ms Kelly asked the governor. Mr DeSantis accused the company of “weaponising” state subsidies to speak out against state policy. The Reedy Creek Improvement District was first created in 1967 to give Disney control of its land use, zoning rules and public services without putting a tax burden on Florida residents. “It’s not about entitlement,” Ms Kelly said. “If I go to my boss and I say, ‘You sexually harassed me,’ and then suddenly he reduces my salary from $200k to $100k, that’s retaliation.” Mr DeSantis dismissed the comparison. He accused Disney of supporting “sexualising kids” and putting its “corporate weight” behind that effort, as his administration and national agenda launches a crusade against inclusive classroom instruction and honest discussion of gender, sexuality, race and racism, as well as a series of policies that threaten LGBT+ people and gender-affirming healthcare for both transgender minors and trans adults. A motion filed in US District Court on 26 June argues that Mr DeSantis is entitled to “legislative immunity” that shields the actions of the governor and lawmakers in “the proposal, formulation, and passage of legislation.” Attorneys for Mr DeSantis argue that the governor and the secretary of Florida’s Department of Economic Opportunity are both “immune” from the suit. In filings this week, attorneys for the company argued that the governor is trying to evade responsibility for overseeing laws that “punish residents for political statements violating a state-prescribed speech code”. Read More Tim Scott rebukes DeSantis for new Florida Black history curriculum Republican congressman faces wrath of DeSantis campaign with call to ‘correct’ Black history standards DeSantis v Disney: Why Florida’s governor is at war with the Mouse
2023-07-29 05:46
Where is Amanda Knox now? Woman wrongfully convicted for Meredith Kercher's murder announces pregnancy 7 years after acquittal
Where is Amanda Knox now? Woman wrongfully convicted for Meredith Kercher's murder announces pregnancy 7 years after acquittal
Amanda Knox and her ex-boyfriend were convicted and jailed in 2007, released in 2011 but held again in 2014
2023-08-22 20:24
Oath Keeper who guarded Roger Stone before Jan. 6 attack gets more than 4 years in prison
Oath Keeper who guarded Roger Stone before Jan. 6 attack gets more than 4 years in prison
A member of the far-right Oath Keepers extremist group who was part of a security detail for Donald Trump’s adviser Roger Stone before storming the U.S. Capitol has been sentenced to more than four years in prison
2023-06-02 05:27
Just 10 days before another government shutdown, Congress eyes Ukraine, Israel and border security
Just 10 days before another government shutdown, Congress eyes Ukraine, Israel and border security
There are just 10 days before another potential government shutdown
2023-11-08 05:55
DeSantis nears presidential campaign launch far from peak popularity but signaling a new readiness to take on Trump
DeSantis nears presidential campaign launch far from peak popularity but signaling a new readiness to take on Trump
Once seen as ascending toward a presidential campaign with momentum in his favor, Florida Gov. Ron DeSantis finds himself on the cusp of an announcement that many of his supporters wished was already behind him.
2023-05-16 10:22