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Judge dismisses turnaround guru’s racketeering case vs McKinsey

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WILMINGTON, Del (Reuters) – A federal judge dismissed claims on Monday by turnaround pioneer Jay Alix that McKinsey & Co violated racketeering laws when the consulting firm expanded into advising bankrupt U.S. companies. FILE PHOTO: The logo of consulting firm McKinsey and Company is seen at the high profile startups and high tech leaders gathering, Read More

Juul raises $325 million in equity and debt financing

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FILE PHOTO: Juul brand vaping pens are seen for sale in a shop in Manhattan in New York City, New York, U.S., February 6, 2019. REUTERS/Mike Segar (Reuters) – E-cigarette maker Juul Labs Inc has raised $325 million in an equity and debt offering, a regulatory filing showed on Monday, as the company looks to Read More

VIDEO of Prince Andrew staying in Epstein’s sex mansion forces palace into damage control

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A video showing the Duke of York waving off a young woman from inside financier Jeffery Epstein’s New York mansion has reignited speculation online, sending Buckingham Palace into full-on damage-control mode. A short, blurry video released by the Mail on Sunday shows a man, who the tabloid newspaper identifies as Prince Andrew, the second son Read More

JPMorgan to brief clients on volatility in equity markets

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FILE PHOTO: A view of the exterior of the JP Morgan Chase & Co. Corporate headquarters in the Manhattan borough of New York City, May 20, 2015. REUTERS/Mike Segar (Reuters) – JPMorgan Chase & Co (JPM.N) plans to host a conference call for clients on Tuesday to address recent market moves, after last week’s inversion Read More

Epstein hanged himself in jail, post mortem shows

3 days ago DieselGasoil Comments Off on Epstein hanged himself in jail, post mortem shows
By Rebecca Taylor, news reporter Jeffrey Epstein died of suicide by hanging, a medical examiner in New York has confirmed. The disgraced financier, 66, was found dead in his prison cell on 10 August. His death sparked outrage as he was facing a 45-year sentence if convicted of multiple counts of sexually abusing underage girls. Read More

Epstein’s prison death was suicide, officials confirm

3 days ago DieselGasoil Comments Off on Epstein’s prison death was suicide, officials confirm
By Rebecca Taylor, news reporter Jeffrey Epstein died of suicide by hanging, a medical examiner in New York has confirmed. The disgraced financier, 66, was found dead in his prison cell on 10 August. His death sparked outrage as he was facing a 45-year sentence if convicted of multiple counts of sexually abusing underage girls. Read More

Revlon taps Goldman to explore strategic options: Bloomberg

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FILE PHOTO: A Public Safety officer keeps watch as people stand in front of a billboard owned by Revlon that takes their pictures and displays them in Times Square in the Manhattan borough of New York October 13, 2015. REUTERS/Carlo Allegri (Reuters) – Cosmetics maker Revlon Inc (REV.N) has tapped Goldman Sachs Group Inc (GS.N) Read More

Surge in U.S. retail sales underscores economy’s resilience

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WASHINGTON (Reuters) – U.S. retail sales surged in July as consumers bought a range of goods even as they cut back on motor vehicle purchases, which could help to assuage financial markets’ fears that the economy was heading into recession. FILE PHOTO: People tour The Shops during the grand opening of The Hudson Yards development, Read More

Investor-owned utilities served 72% of U.S. electricity customers in 2017

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August 15, 2019 According to the U.S. Energy Information Administration’s (EIA) electric power sector survey data, almost 3,000 electric distribution companies—or utilities—were operating in the United States in 2017. EIA classifies utilities into three ownership types: investor-owned utilities, publicly run or managed utilities, and cooperatives. Although there are fewer investor-owned utilities than the other two Read More

Founder’s grip on WeWork may be hard for investors to stomach

5 days ago DieselGasoil Comments Off on Founder’s grip on WeWork may be hard for investors to stomach
NEW YORK (Reuters) – Investors in the upcoming initial public offering of WeWork’s parent, The We Company, are being asked to lower their standards for corporate governance beyond what other technology startups have demanded, securities law experts said on Wednesday. FILE PHOTO: Adam Neumann, CEO of WeWork, speaks to guests during the TechCrunch Disrupt event Read More