There is a new effort underway in Chicago to hold drug dealers accountable for overdose deaths.
There is a new effort underway in Chicago to hold drug dealers accountable for overdose deaths.
Here's everything going on in the fantasy basketball landscape in Week 18.
Will we eventually need digital proof of vaccination for activities like international travel or concerts? Read this guide.
Founding club Manchester City pulled out of the controversial breakaway competition.
The Minneapolis verdict sent immediate shock waves through South Carolina.
The death of George Floyd, a 46-year-old Black man, touched off international protests against police brutality and racial injustice.
Vancouver, British Columbia--(Newsfile Corp. - April 20, 2021) - Zinc One Resources Inc. (TSXV: Z) (OTC Pink: ZZZOF) (FSE: RH33) ("Zinc One" or the "Company") is pleased to announce the approval of all items at today's 2021 AGM and that the consolidation of its issued and outstanding common shares at a ratio of up to one-hundred (100) pre-consolidated shares to one (1) post-consolidation share (the "Consolidation") was approved by the shareholders, with 73.53% voting ...
Invigorate Finance is a closed loan mortgage conduit aggregator that specializes in the creation of new and improved lending programs and the aggregation of these residential and business purpose loans.
The National Institute for Manufacturing Biopharmaceuticals (NIIMBL) announced 17 students selected for their 2021 NIIMBL eXperience Program. The NIIMBL eXperience is offered to African American/Black, Latinx, and Native American college freshman and sophomores students from Historically Black Colleges and Universities (HBCUs) and NIIMBL member institutions and provides real-world insight into career options in the growing biopharmaceutical industry.
The Premier League encounter took second billing as the club pulled out of the proposed European Super League.
Edwards Lifesciences on Tuesday reported adjusted earnings of 54 cents per share on $1.22 billion in sales for the first quarter ended March 31. In response, EW stock jumped.
Juan Monteverde, founder and managing partner at Monteverde & Associates PC, a national securities firm rated Top 50 in the 2018 and 2019 ISS Securities Class Action Services Report and headquartered at the Empire State Building in New York City, is investigating CA Healthcare Acquisition Corp. ("CAHC" or the "Company") (CAHC) relating to its proposed merger with LumiraDx. Under the terms of the agreement, CAHC will acquire LumiraDx through a reverse merger, with LumiraDx emerging as a publicly traded company.
Former Police Officer Derek Chauvin has been convicted of all 3 charges, including second-degree murder, in the death of George Floyd.
NEW YORK, April 20, 2021 (GLOBE NEWSWIRE) -- New York, New York -- Bernstein Liebhard, a nationally acclaimed investor rights law firm, reminds investors of the deadline to file a lead plaintiff motion in a securities class action lawsuit that has been filed on behalf of investors who purchased or acquired the securities of Credit Suisse Group AG ("Credit Suisse" or the "Company") (NYSE: CS) from October 29, 2020 through March 31, 2021 (the “Class Period”). The lawsuit filed in the United States District Court for the Southern District of New York alleges violations of the Securities Exchange Act of 1934. If you purchased Credit Suisse securities, and/or would like to discuss your legal rights and options please visit Credit Suisse Shareholder Class Action Lawsuit or contact Matthew E. Guarnero toll free at (877) 779-1414 or MGuarnero@bernlieb.com The complaint alleges that the following facts were known or recklessly disregarded by the defendants but concealed from the investing public during the Class Period: (i) Credit Suisse’s co-mingling of its lending, asset management, and private wealth management functions and imprudently aggressive pursuit of fees had materially diminished the Company’s ability to properly assess and manage its own risk exposure to high-risk clients and potential liabilities from client losses; (ii) Credit Suisse had ignored numerous red flags in connection with the Greensill funds and overrode the concerns of the Company’s in-house credit-structuring team in packing and selling billions of dollars’ worth of Greensill-linked securities; (iii) Credit Suisse had conspired with Sung Kook (a.k.a. Bill) Hwang to allow Archegos to covertly take on billions of dollars in excessively concentrated and risky positions by utilizing highly leveraged total return swaps, placing the risk of loss associated with these positions on Credit Suisse and its investors; (iv) Credit Suisse was understating its exposure to risk and thus overstating its Tier 1 capital ratios in public statements; and (v) Credit Suisse’s internal controls were inadequate to ensure that the Company’s potential liability to customers and losses arising from its exposure to customer losses were properly accounted for, managed, and disclosed to investors. On March 1, 2021, Credit Suisse suddenly froze $10 billion in funds that were invested in Greensill’s financial products and held by its supply-chain investment funds. On March 8, 2021, Greensill filed for insolvency protection. By March 10, 2021, the Financial Times reported that Greensill’s collapse exposed Credit Suisse to billions of dollars in potential liability. As the market digested this news, the price of Credit Suisse American Depository Receipts (“ADRs”) collapsed from a close of $14.70 per ADR on March 1, 2021 to just $12.85 per ADR by market close on March 12, 2021, on unusually high volume, a decline of almost 13%. On March 30, 2021, S&P Global Ratings downgraded Credit Suisse’s corporate debt to negative from stable and stated in a press release that “[i]n our view, there is a meaningful risk that clarification of the reasons for a potential material loss related to a single client may reveal deficiencies in Credit Suisse group’s risk management system or a risk appetite that is not commensurate with current ratings.” Then, on March 31, 2021 The Wall Street Journal reported that Credit Suisse “had a core capital buffer of 12.9% at year-end” and “[i]f the Archegos hit is $4 billion, that ratio could fall by roughly 1 percentage point to well below the 12.5% minimum targeted by the lender.” The market price of Credit Suisse ADRs fell another nearly 20% on this news, declining from their close of $13.21 per ADR on March 25, 2021 to close at $10.60 per ADR on March 31, 2021, on unusually high volume. If you wish to serve as lead plaintiff, you must move the Court no later than June 15, 2021. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation. Your ability to share in any recovery doesn’t require that you serve as lead plaintiff. If you choose to take no action, you may remain an absent class member. If you purchased Credit Suisse securities, and/or would like to discuss your legal rights and options please visit https://www.bernlieb.com/cases/creditsuissegroupag-cs-shareholder-class-action-lawsuit-fraud-stock-392/apply/ or contact Matthew E. Guarnero toll free at (877) 779-1414 or MGuarnero@bernlieb.com Since 1993, Bernstein Liebhard LLP has recovered over $3.5 billion for its clients. In addition to representing individual investors, the Firm has been retained by some of the largest public and private pension funds in the country to monitor their assets and pursue litigation on their behalf. As a result of its success litigating hundreds of lawsuits and class actions, the Firm has been named to The National Law Journal’s “Plaintiffs’ Hot List” thirteen times and listed in The Legal 500 for ten consecutive years. ATTORNEY ADVERTISING. © 2021 Bernstein Liebhard LLP. The law firm responsible for this advertisement is Bernstein Liebhard LLP, 10 East 40th Street, New York, New York 10016, (212) 779-1414. The lawyer responsible for this advertisement in the State of Connecticut is Michael S. Bigin. Prior results do not guarantee or predict a similar outcome with respect to any future matter. Contact Information Matthew E. GuarneroBernstein Liebhard LLPhttps://www.bernlieb.com(877) 779-1414MGuarnero@bernlieb.com
(Bloomberg) -- New York’s Metropolitan Transportation Authority began marketing its first-ever bond sale backed by a payroll tax and lowered the initial yield on debt maturing in 30 years to 1.84%, according to preliminary pricing information.The MTA, the operator of the nation’s largest public-transit system, is issuing the debt backed by that tax to provide extra security to investors after subway and bus ridership plunged after the pandemic. The preliminary yield is 28 basis points over the AAA benchmark.Related story: N.Y. MTA Gives New Bondholders Haven From Subway Ridership DropThe $1.2 billion offering includes $995.6 million of tax-exempt bonds and $248 million of taxable debt, according to preliminary pricing. The MTA first offered a 1.9% yield on the 2051 bond and then cut it to a tentative 1.84% yield during repricing.Because the payroll tax is a more stable source of revenue, the new bonds carry AA+ credit ratings from S&P Global Ratings and Fitch Ratings. That’s six steps higher than S&P’s BBB+ grade and five levels above Fitch’s A- rating on MTA’s transportation revenue bonds, which are backed by fares and tolls.The payroll-tax bond sale comes as the MTA is facing potential deficits in 2024 even as it’s set to receive a combined $14.5 billion of federal aid to cover lost revenue during the pandemic.The MTA owes $48.6 billion of outstanding debt, according to its website. Principal and interest costs are projected to take up 23% of the agency’s revenue in 2024, up from an average 16% during the past decade, according to a report on the MTA from state Comptroller Thomas DiNapoli.In addition to the growing debt burden, the transit agency is expecting revenue to return to pre-pandemic levels after 2024. If it doesn’t rebound, the “very high” debt levels may result in service cuts, higher than planned fare hikes and also put the MTA’s capital plan at risk, according to the report.The agency may have to cut its capital program by $2.9 billion if revenue doesn’t return to pre-pandemic levels and if the MTA doesn’t get more financial support or cut costs, according to the report.“In a scenario with low ridership and no new capital assistance, the MTA may also be forced to reprioritize its capital program, thus pushing much-needed repairs and modernizations further into the future,” according to the report from DiNapoli. “A reduction in the program would risk undoing progress in making the MTA safe, accessible and reliable.”(Updates spread in second paragraph, adds details from DiNapoli report starting in seventh paragraph)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.
The former Manchester United defender turned pundit has been among the competition’s most outspoken and emotional critics.
The market rally slumped again Tuesday, hurting leaders. Netflix plunged late on weak subscribers, but 3 stocks flashed buy signals.
When rape allegations surfaced against a Republican state lawmaker in deep-red Idaho, some rushed to support him — in part by publicly releasing the name his accuser. Another lawmaker, some far-right blogs and others also released the name in disparaging social media posts or in newsletters, some of them including her photograph and details about her personal life. The controversial move has victim advocates warning that publicly identifying people without their consent who say they were sexually assaulted makes it less likely that other women will be willing to file a report if they are attacked.
Jury comes to its decision following high-profile trial
While Judge Peter Cahill allowed cameras in the courtroom for the first time in Minnesota state history, he's also been strict on other matters.