Endeavor Group Holdings Inc, the owner of the Ultimate Fighting Championship, will acquire sports betting business OpenBet from Scientific Games Corp. for $1.2 billion in cash and stock, the companies said on Monday. Endeavor, whose shares were up nearly 10 percent in extended trading, said the acquisition will strengthen its position in the sports betting…
Endeavor to Buy Sports Betting Unit From Scientific Games for $1.2 Billion
Taiwan Says Needs Long-Range Weapons to Defend Against China
TAIPEI—Taiwan needs to have long-range, accurate weapons in order to properly defend itself against a China that is rapidly developing its systems to attack the island, Defence Minister Chiu Kuo-cheng said on Monday. Taiwan this month proposed extra defence spending of almost $9 billion over the next five years, including on new missiles, as it…
3 Reasons Why the Midwest Will Excel in American Defense Innovation
By Mike Seper The Midwest is refining the innovation process by bringing together academia and defense partners to solve national security challenges. Experiential learning opportunities are available to outstanding schools across the region with an educational infrastructure that supports engineering, innovation, and entrepreneurship students through intriguing interactions with national labs and defense technologies. Stimulating student…
Here’s How You Can Create a Highly Profitable Website
By Frank Wazeter Fundamentally a website is your most powerful tool because it’s capable of evolving as your business grows and because it’s a tireless worker. Nobody on the planet can work harder than a website because a website is available 365 days a year, 24/7. It doesn’t need to sleep, never gets sick, and…
Wells Fargo to Pay $37.3 Million to Settle US Claims It Fraudulently Overcharged Customers
NEW YORK—Wells Fargo & Co. will pay $37.3 million to settle U.S. government claims it fraudulently overcharged commercial clients on foreign exchange services, the latest in a string of scandals over the bank’s treatment of customers. Monday’s settlement resolves U.S. Department of Justice civil fraud charges against the fourth-largest U.S. bank, and includes a $35.3…
Epoch TV Review: There’s a Crisis of Confidence Between the American People and Government Agencies: Why It Is Happening and How It Can Be Fixed
September 28, 2021
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Commentary In an episode of “Facts Matter,” host Roman Balmakov sits down with former acting director of intelligence under President Trump, Richard Grenell, to discuss the source of the crisis of confidence that has developed between the American people and government agencies. First, they talk about the Durham investigation, which is largely focused on the…
UK Accountancy Grant Thornton Fined Over Patisserie Valerie Chain Audit
LONDON—Accountancy firm Grant Thornton has been fined for its audit of Patisserie Valerie, the British cafe chain that collapsed in 2018, throwing 900 people out of a job and triggering a separate fraud investigation into accounting irregularities. The Financial Reporting Council (FRC) said it was fining Grant Thornton 4 million pounds ($5.47 million) but would…
FedEx Investors Approve CEO Pay, Proposals on Lobbying and ‘Golden Parachutes’
NEW YORK—FedEx Corp investors approved billionaire Chief Executive Fred Smith’s $54 million pay plan on Monday at the delivery company’s annual meeting, but rebuffed the corporate board’s recommendations on shareholder proposals on lobbying and outsized executive severance packages. Investors approved by more than 50 percent non-binding proposals for more disclosures on the company’s lobbying and…
Australian Treasurer Signals for Home Loan Crackdown Amid Rising Household Debt
Australian Treasurer Josh Frydenberg has met with regulators over the need for plans to address the ballooning levels of household debt. Last Friday, Frydenberg spoke about the current state of the housing market with the Council of Financial Regulators, chaired by the Reserve Bank of Australia (RBA) governor Philip Lowe and which members include the…
ISS Urges Tesla Investors Not to Reelect James Murdoch, Kimbal Musk
Proxy advisory firm Institutional Shareholder Services (ISS) is recommending that Tesla investors not reelect directors James Murdoch and Kimbal Musk because the board approved excessive compensation packages to non-executive board members. Tesla shareholders will cast ballots on Oct. 7 on cutting director terms to two years, eliminating a supermajority vote requirement to approve certain changes,…
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