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481 - 490 from 8121 . In "World / America"
Complaint filed to a US federal court alleges Musk saved $150m at the expense of Twitter shareholders
US markets watchdog sues Musk over Twitter stake disclosure
WASHINGTON — The US markets watchdog has filed a lawsuit against Elon Musk alleging he failed to disclose that he had amassed a stake in Twitter, allowing him to buy shares at "artificially low prices."The Securities and Exchange Commission (SEC) lawsuit alleges that the multi-billionaire Tesla boss saved $150m (£123m) in share purchases as a result.According to SEC rules, investors whose holdings surpass 5% have 10 days to report that they have crossed that threshold. Musk did so 21 days after the purchase, the filing says.In a social media post, Musk called the SEC a "totally broken organization."He also accused the regulator of wasting its time when "there are so many actual crimes that go unpunished.""Musk's violation resulted in substantial...
January 15, 2025

US markets watchdog sues Musk over Twitter stake disclosure

Former first lady Michelle Obama speaks at a campaign rally for Democratic presidential candidate Kamala Harris. (Files)
Michelle Obama to skip Trump inauguration
WASHINGTON — Former first lady Michelle Obama will not attend Donald Trump’s inauguration next week, her office said Tuesday, without providing an explanation for her decision.“Former President Barack Obama is confirmed to attend the 60th Inaugural Ceremonies. Former First Lady Michelle Obama will not attend the upcoming inauguration,” a statement from the Office of Barack and Michelle Obama said.The decision to forgo attendance at Trump’s formal swearing-in is a break with tradition for the ceremony, in which former presidents and their wives typically participate.Former President George W. Bush and Laura Bush will attend the inauguration, his office said, and sources familiar told CNN that former President Bill Clinton and Hillary Clinton also will be there.Michelle Obama also...
January 15, 2025

Michelle Obama to skip Trump inauguration

US President Joe Biden gave his final foreign policy address earlier this week
US to remove Cuba from state sponsors of terror list
WASHINGTON — President Joe Biden is to remove the US designation of Cuba as a state sponsor of terrorism as part of a prisoner release deal, the White House said on Tuesday.Shortly afterward, Cuba announced it would release 553 prisoners detained for "diverse crimes". It is hoped these will include participants in anti-government protests four years ago.President-elect Donald Trump reinstated the country's terror designation in the final days of his first presidency in 2021, banning US economic aid and arms exports to the country.But on Tuesday, a Biden administration official said an assessment of the situation had presented "no information" that supported the designation.Cuba said Biden's move was a step "in the right direction" despite its...
January 15, 2025

US to remove Cuba from state sponsors of terror list

A home in Altadena is reduced to its chimney after being destroyed by the Eaton fire
LA fire victims fear new housing crisis
LOS ANGELES — Michael Storc and his family had just survived a devastating wildfire.Now they have to face a daunting new challenge that he had hoped to never experience again — the Los Angeles housing market.After losing the Altadena home that he owned in the Eaton fire, he was scouring for a new place to rent, and having little luck."What's available is not nice at all and the rents have gone up a lot," Storc told the BBC. "I told my teenage daughter we had to accept we would live somewhere not very nice."The Los Angeles area already has one of the most expensive real estate markets in the country. And with thousands now displaced by the Palisades and Eaton fires, Angelenos are anxious that the sudden surge in demand could make rents and home prices soar even...
January 15, 2025

LA fire victims fear new housing crisis

The fires have burnt thousands of acres of land and destroyed many buildings
LA brain surgeon saves street from 'apocalyptic' wildfires
LOS ANGELES — A Los Angeles brain surgeon who fought for almost a week to save the houses on his street from wildfires told the BBC he spent 15 years preparing for such an event.Malibu resident Dr Chester Griffiths, 62, ignored evacuation orders to keep flames from the Palisades fire at bay with the help of his son and neighbor, until emergency services were able to reach them."We had always known that a fire would come someday — but we didn't know when," Dr Griffiths told the BBC's Today Programme."We never fathomed it would be this catastrophic and apocalyptic."Griffiths said he had finished performing brain surgery just hours before he returned to his Malibu street last week to fight the fire, joined by his son Chester Jnr and Colbert."The houses...
January 14, 2025

LA brain surgeon saves street from 'apocalyptic' wildfires

President-elect Donald Trump faced an investigation led by special counsel Jack Smith
Trump would have been convicted of election interference, DoJ report says
WASHINGTON — President-elect Donald Trump would have been convicted of illegally trying to overturn the result of the 2020 presidential election – which he lost – if he had not successfully been re-elected in 2024, according to a Department of Justice report released to Congress."The admissible evidence was sufficient to obtain and sustain a conviction at trial," the report by Special Counsel Jack Smith said.Smith is "deranged" and his findings are "fake", Trump said after the report was released.Trump was accused of pressurizing officials to reverse the 2020 result, knowingly spreading lies about election fraud and seeking to exploit the riot at the US Capitol on 6 January 2021. He denied any wrongdoing.Trump, who was president at the time of the...
January 14, 2025

Trump would have been convicted of election interference, DoJ report says

Carrie Underwood performs during Dick Clark's New Year's Rockin' Eve in Times Square in New York, New York on December 31, 2024
Carrie Underwood slated to perform at Trump’s inauguration
WASHINGTON — Country music star Carrie Underwood is slated to perform “America the Beautiful” at President-elect Donald Trump’s inauguration, according to a copy of the program obtained by CNN and confirmed by a spokesperson for the inaugural committee.“I love our country and am honored to have been asked to sing at the Inauguration and to be a small part of this historic event,” Underwood said in a statement to CNN. “I am humbled to answer the call at a time when we must all come together in the spirit of unity and looking to the future.”The presidential oath of office will be administered by Supreme Court Chief Justice John Roberts with Justice Brett Kavanaugh expected to administer the oath of office to Vice President-elect JD Vance.Trump’s inauguration as the 47th...
January 14, 2025

Carrie Underwood slated to perform at Trump’s inauguration

Joe and Hunter Biden
Prosecutor who investigated Hunter Biden denounces president's criticism
WASHINGTON — The special prosecutor who led a years-long investigation into Joe Biden's son, Hunter, has criticized the president for making "baseless accusations" about the case and defended his investigation in a final report.In the report, released Monday, David Weiss called his prosecution of the president's son on gun and tax crimes "impartial" and "not partisan politics".Hunter Biden's lawyer said the report showed Weiss's investigation "was a cautionary tale of the abuse of prosecutorial power."Biden issued an official pardon for his son, who was facing sentencing for two criminal cases, in early December.While issuing the pardon, the president said his son had been "singled out" and called his cases "a...
January 14, 2025

Prosecutor who investigated Hunter Biden denounces president's criticism

National Guard troops are helping to patrol areas in Pacific Palisades
LA braces for stronger winds as fires continue to burn
LOS ANGELES — Residents of Los Angeles are bracing for further destruction as weather forecasts indicate that winds helping fuel the flames might pick up again.Three fires continue to blaze. The largest, the Palisades Fire, has burned more than 23,000 acres and remained at 14% contained as of Monday evening.LA Mayor Karen Bass said "urgent preparations" are being made in advance of near hurricane-force winds predicted to peak on Tuesday.At least 24 people have died in the fires and 23 others are missing in the Eaton and Palisades fire zones.On Monday, authorities also announced nine people were arrested for looting and one for arson.At a news conference, LA District Attorney Nathan Hochman showed videos of some looting and outlined maximum sentences if the accused are...
January 14, 2025

LA braces for stronger winds as fires continue to burn

The median rent for properties in Los Angeles has gone up to $2,800 (£2,295) following the wildfires
Landlords 'ripping off LA fire victims'
LOS ANGELES — Landlords have been illegally raising prices due to the Los Angeles wildfires, says Selling Sunset star Jason Oppenheim.The LA property mogul, who owns the luxury real estate brokerage at the center of the Netflix reality show, said one client had been asked for thousands over the original asking price to rent a home — despite California's anti "price gouging" laws.It comes as LA officials warned anyone caught "taking advantage" of the disaster by scamming or burgling wildfire victims would be prosecuted.Thousands of people have lost homes in LA and displaced victims say they are facing sky-high rental prices and hotel fees.Oppenheim said his business, known for selling LA's most expensive and glamorous homes, was offering its services for free...
January 13, 2025

Landlords 'ripping off LA fire victims'

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