Special Report: FTX’s Bankman-Fried begged for a rescue even as he revealed huge holes in firm’s books

Special Report: FTX’s Bankman-Fried begged for a rescue even as he revealed huge holes in firm’s books

FTX founder sought to raise $7 billion from investors including Sequoia, Apollo, TPG, three sources say FTX also turned to Nomura and Saudi wealth fund – sources FTX and trading affiliate Alameda, nominally independent, both listed same assets on their books – investor presentations Records seen by Reuters show FTX diverted large share of fee … Read more

Siebel Newsom, wife of California governor, accuses Harvey Weinstein of rape

Siebel Newsom, wife of California governor, accuses Harvey Weinstein of rape

LOS ANGELES, Nov 14 (Reuters) – Jennifer Siebel Newsom, a documentary filmmaker and wife of the governor of California, testified Monday that former film producer Harvey Weinstein raped her in 2005 while she was trying to pursue a career as a producer and actor. On the witness stand in Los Angeles Superior Court, Siebel Newsom … Read more

Alec Baldwin Files Lawsuit Over Deadly ‘Rest’ Shooting

Alec Baldwin Files Lawsuit Over Deadly ‘Rest’ Shooting

Nov. 11 (Reuters) – Actor Alec Baldwin filed a lawsuit Friday against the gunsmith and three other crew members over the fatal shooting on the set of the western movie “Rest,” in which a gun Baldwin used during rehearsal killed cameraman Halyna Hutchins . Baldwin’s lawsuit was filed in Los Angeles County Superior Court as … Read more

Lula’s Honeymoon With Brazilian Markets Ends Amid Spending Plan Fears

Lula’s Honeymoon With Brazilian Markets Ends Amid Spending Plan Fears

BRASILIA, Nov. 10 (Reuters) – Brazilian President Luiz Inacio Lula da Silva’s short honeymoon with financial markets appeared to be over on Thursday, as investors grew impatient with his desire to increase social spending without long-term tax rules determine whether its top economic policymakers. The Brazilian currency and benchmark Bovespa stock index (.BVSP), which jumped … Read more

Drake, 21 Savage Can’t Use ‘Vogue’ Covers To Promote Album, Judge Rules

Drake, 21 Savage Can’t Use ‘Vogue’ Covers To Promote Album, Judge Rules

NEW YORK, Nov. 9 (Reuters) – An American judge on Wednesday banned rappers Drake and 21 Savage from using counterfeit copies of Vogue magazine to promote their new album. U.S. District Judge Jed Rakoff in Manhattan issued a temporary restraining order less than two days after the duo were charged by Conde Nast, the magazine’s … Read more

Canadian BMO files $834m indictment for loss of US Ponzi lawsuit

Canadian BMO files 4m indictment for loss of US Ponzi lawsuit

Nov. 9 (Reuters) – A US jury on Tuesday held a local unit of the Canadian Bank of Montreal (BMO) (BMO.TO) liable for more than $550 million in damages for a Ponzi scheme conducted by a Minnesota businessman, thus the bank recorded an expense of C$1.12 billion ($834.2 million). Thomas Petters was found guilty in … Read more

Drake and 21 Savage sued for using Vogue’s name to promote album

Drake and 21 Savage sued for using Vogue’s name to promote album

NEW YORK, Nov. 8 (Reuters) – Drake and 21 Savage have been sued by Conde Nast, the publisher of Vogue magazine, for using the Vogue name without permission to promote their new album “Her Loss.” Conde Nast said the rappers’ promotional campaign, including to their more than 135 million social media followers, was “entirely” based … Read more

EU wants broader rules on market power companies, focus on technology

EU wants broader rules on market power companies, focus on technology

BRUSSELS, Nov. 8 (Reuters) – EU regulators want broader rules that define companies’ market power, giving more weight to innovation and clues about what digital markets are, the European Commission said on Tuesday, prompted in part by the growing power of tech giants. The rules, known as the EU Market Definition Notice, date back to … Read more

Penguin, Simon & Schuster merger blocked due to impact on authors – US judge

Penguin, Simon & Schuster merger blocked due to impact on authors – US judge

WASHINGTON, Nov. 7 (Reuters) – A US judge cited the negative impact on top-selling authors of blocking a planned $2.2 billion merger of Penguin Random House, the world’s largest book publisher, and rival Simon & Schuster, according to a written opinion released Monday. . Judge Florence Pan of the U.S. District Court for the District … Read more

US judge says Penguin Random House’s giant book merger can’t go ahead

US judge says Penguin Random House’s giant book merger can’t go ahead

WASHINGTON, Oct. 31 (Reuters) – A planned $2.2 billion merger of Penguin Random House, the world’s largest book publisher, and rival Simon & Schuster has been canceled, a judge ruled Monday. Unlike most merger battles, which focus on what consumers pay, this one focused on authors’ earnings. The government argued that the deal would lead … Read more