REPORT: Queen’s Music Catalog Set To Sell For Over $1 Billion In Sony Deal
Sony Music reportedly secured the recording and publishing rights to Queen’s extensive catalog for an astounding $1.27 billion, Variety confirmed Wednesday. Sony Music is on the brink of securing Queen’s extensive music catalog for an estimated $1.27 billion, as confirmed by two sources to Variety. This deal encompasses not only the music rights but also […]
Boeing crash victims’ families push DOJ to fine company $24 billion for ‘deadliest corporate crime in US history’
Families who lost loved ones in the two Boeing crashes in 2018 and 2019 Request to Federal Prosecutor It plans to launch “aggressive criminal prosecutions” against the aircraft maker on Wednesday. The Department of Justice (DOJ) indicted the company in 2021 on charges of conspiring to defraud the United States after the crashes of Lion […]
Joe Tsai sells Nets minority stake to Koch family after $6 billion valuation
Joe Tsai sells a minority stake in the Nets to the Koch family, setting a staggering valuation for the team in the process. BSE Global, the parent company of the Nets, Barclays Center and New York Liberty, was estimated to be valued at roughly $6 billion in the upcoming stock sale, according to an email […]
Biden IRS announces crackdown on complex partnerships, says it will raise $50 billion
The Treasury Department and IRS have announced a new crackdown on tax planning through complex partnerships, a move the Biden administration contends will raise $50 billion in tax revenue. The initiative announced Monday will close a “major tax loophole” used by complex partnerships, the Treasury Department said. If the “loophole” is closed, it would raise […]
Biden Has Not Connected One Person with High-Speed Internet with $42.5 Billion from Infrastructure Bill
Federal Communications Commission (FCC) Chairman Brendan Carr wrote on Friday that President Joe Biden has yet to provide high-speed internet to a single American, despite $42.5 billion in funding from the so-called bipartisan infrastructure bill. “In 2021, the Biden Administration obtained $42.45 billion from Congress to provide high-speed internet to millions of Americans. Years later, […]
NYCB Discloses Signature Bank's Total Fair Value Was $37.8 Billion – PYMNTS.com
New York Community Bancorp (NYCB) released financial information regarding certain assets it acquired in March. Signature Bridge BankSuccessor to Signature BankFrom the beneficiary of that bank, Federal Deposit Insurance Corporation (FDIC). A wholly owned subsidiary of NYCB, Flagstar BankThe bank said in an announcement on Thursday (June 13) that it had acquired assets with an […]
Judge orders Alex Jones to liquidate assets to pay $1.5 billion Sandy Hook judgment
A federal judge on Friday ordered the liquidation of Alex Jones’ personal assets, but a decision has yet to be made on a separate bankruptcy case for his company that threatens to shut down Infowars. “Infowars will probably end here soon,” the popular Infowars host said Friday morning on his way to a hearing in […]
Southern Poverty Law Center has ‘gutted its staff’ despite nearly $1 billion in reserves, union says
The Southern Poverty Law Center has “wiped out its staff” despite having nearly $1 billion in reserves, the center’s union said. The SPLC union posted the following on Wednesday: X“Today @splcenter, an organization with nearly $1 billion in reserves and an F rating from Charity Watch for ‘hoarding’ donations, cut its staff by a quarter.” […]
G7 agrees on $50 billion loan for Ukraine from frozen Russian assets
Ukraine’s backers have agreed to advance a $50 billion loan to Kiev, funded by profits from frozen Russian assets in Europe and the United States, Group of Seven leaders announced on Thursday. The agreement marks a major achievement for President Biden, as the United States spearheads efforts to get a broad group of Ukraine supporters […]
Musk says shareholders are backing his $56 billion pay package
“Varney & Co.” host Stuart Varney discusses whether Elon Musk’s latest tech bet will pay off for investors. Tesla CEO Elon Musk said shareholders have approved his $56 billion compensation package and are voting to relocate the electric car company from Delaware to Texas. “Both Tesla shareholder resolutions have now passed by large margins! Thank […]