by on March 5, 2018
Former drug company executive Martin Shkreli may have to give up a Picasso and a one-of-a-kind Wu-Tang Clan album, after a U.S. judge on Monday ordered him to forfeit $7.36 million following his conviction of defrauding investors. Former drug company executive Martin Shkreli arrives at U.S. District Court for the third day of jury deliberations in his securities fraud trial in the Brooklyn borough of New York, U.S., August 2, 2017. U.S. District Judge Kiyo Matsumoto in Brooklyn said th...
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by on December 20, 2017
At least three major ISPs have already announced significant price hikes for 2018.  News of the increases come just days after the FCC voted to roll back net neutrality protections. The timing of this couldn’t be worse.  But maybe that’s not a concern for major ISPs.  Accordingly, at least three major ISPs have now announced rate hikes for 2018. That is, January, 2018.  So customers have very little time to react, modify their plans, or even cancel their accounts. Just this morning,...
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by on December 30, 2017
2017 was the year challenges facing retailers began to bleed into the consumer goods and food industries. As shoppers continue their shift online, companies are trying to figure out not only what shoppers want, but how to get it to them. Stores can no longer rely on malls for foot traffic and food giants increasingly can't rely on supermarkets for aisle visits. Retailers, whose boldest efforts to grow through to scale over the past few years were blocked by regulators, looked for new k...
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by on May 22, 2018
State tax breaks for the luggage designer to move less than a mile Away is a direct-to-consumer luggage company Sometimes companies are awarded financial incentives to relocate to New York from another state or overseas. But Monday a retailer was granted $4 million worth of state tax breaks for moving its headquarters from SoHo to … SoHo. The package was granted to Away, a two-year-old luggage designer co-founded by CEO Steph Korey, a former Warby Parker executive. The firm is headq...
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by on February 2, 2018
With U.S. President Donald Trump now in office, the campaign rhetoric that created anxiety and uncertainty around the globe is giving way to actual presidential policies. While candidate Trump did not elaborate much on his foreign policy agenda, he was very vocal about a few things: in addition to obliterating the self-proclaimed Islamic State and getting tough with China on trade, one of his highest priorities would be to “dismantle the disastrous deal with Iran.” The 2015 agreement that ...
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by on February 8, 2018
This is a story about anger. This is a story about racism, twerking for change, single mothers, financial struggle, exhaustion, resistance, extortion, stigma, sex work, alienation, seeing the future and the past, knowing all the ways we are being screwed and getting dressed up anyway. Because we have rent, kids, student loans, a grandmother with dementia. This is a story about stripper pride. A selfie at work in a Jacq the Stripper Hat. (She has her own line: Strippersforever.com.) ...
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by on March 9, 2018
BREAKING: Martin Shkreli has been sentenced to seven years in prison for defrauding investors, U.S. District Judge Kiyo Matsumoto roughly splitting the difference between what prosecutors and defense attorneys had asked for. The former hedge fund manager showed little reaction to the sentence. He will receive credit for the six months he has served while awaiting sentencing. Before hearing the verdict, Shkreli addressed the court and cried as he said he was sorry and had learned from his exper...
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by on December 22, 2017
The system will help users detect when others might be attempting to use their image as a profile picture Facebook users will be notified every time their face is uploaded to the platform, even if it is not tagged. The new facial recognition feature will not apply to users in the European Union or Canada, where privacy regulators have prevented the use of such technology. The social network said the new option was "empowering" users. But critics voiced concern about how open Fac...
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by on May 23, 2018
Ukrainian leader Petro Poroshenko (left) meets US President Donald Trump at the White House in June 2017 Donald Trump's personal lawyer, Michael Cohen, received a secret payment of at least $400,000 (£300,000) to fix talks between the Ukrainian president and President Trump, according to sources in Kiev close to those involved. The payment was arranged by intermediaries acting for Ukraine's leader, Petro Poroshenko, the sources said, though Mr Cohen was not registered as a representati...
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by on December 30, 2017
In a race against looming changes to the tax code, Goldman Sachs handed out millions of dollars worth of stock awards to hundreds employees. The move will save the firm an estimated $140 million on its tax bill next year, a source familiar with the matter told CNNMoney. According to public filings posted Friday, 10 Goldman executives -- including CEO Lloyd Blankfein and much of the company's C-Suite -- were given stock awards worth a combined $94.8 million on Thursday. But the those st...
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by on February 2, 2018
Billionaire Insys Therapeutics founder John Kapoor pictured leaving U.S. District Court in Phoenix in October 2017. New York is the latest state to sue opioid manufacturer Insys Therapeutics.  Attorney general of New York Eric Schneiderman announced Thursday that his office was suing Insys, alleging that the company carelessly marketed their extremely potent fentanyl spray Subsys. The complaint alleges that Insys told sales reps to get providers to prescribe higher and higher doses ...
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by on February 9, 2018
Hurricane Maria left her atelier without power. Her seamstresses lost everything and her house flooded. But Puerto Rican designer Stella Nolasco put tragedy behind her to bring a color and optimism to New York Fashion Week, laced with a clear political message. She was just starting to prepare for her fall/winter 2018 collection when the monster storm tore through the island on September 20, devastating the US territory and leaving Puerto Rico without power or telecommunications for months. ...
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