Shares in Amazon deepened their losses on Thursday, having already slumped dramatically earlier in the week, after Donald Trump openly attacked the tech giant on social media over its business practices.
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Barclays has agreed to pay $2bn (£1.4bn) to settle a US civil action related to the mis-selling of residential mortgage-backed securities (RMBS) in the run-up to the financial crisis.
Two former Barclays executives also agreed to pay $2m to resolve claims brought against them, the US Department of Justice said on Thursday
The complaint, filed in December 2016, Barclays caused billions of dollars in losses to investors by engaging in a fraudulent scheme to sell 36 RMBS, and that it misled investors about the quality of the mortgage loans backing those deals.
It alleged that Barclays' investment banking division, Barclays Capital, had committed mail fraud, wire fraud, bank fraud, and other misconduct.
“This settlement reflects the ongoing commitment of the Department of Justice, and this Office, to hold banks and other entities and individuals accountable for their fraudulent conduct,” stated United States Attorney Donoghue. “The substantial penalty Barclays and its executives..
When Xi Met Kim: How China and North Korea Depicted It
Moscow and Riyadh, backed by OPEC, are negotiating a deal that would allow them long-term control of oil prices. If successful, Russia and Saudi Arabia would manage oil markets for the next two decades.
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Parkland shooting survivor turned gun-control evangelist David Hogg called on the public last night to boycott Fox News host Laura Ingraham’s advertisers, after she tweeted an article about his rejection from several colleges.
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Supported by Politics Trump Attacks Amazon, Saying It Does Not Pay Enough Taxes Photo Amazon and the company’s founder, Jeff Bezos, are among President Trump’s regular Twitter targets. Credit Tamir Kalifa for The New York Times WASHINGTON — President Trump spoke out against Amazon on Thursday, saying that the online behemoth does not pay enough taxes and uses the United States postal system “as their Delivery Boy.”
The president’s commentary, made in a Twitter post, comes amid reports that Mr. Trump has expressed an interest in reining in the e-commerce business.
I have stated my concerns with Amazon long before the Election. Unlike others, they pay little or no taxes to state & local governments, use our Postal System as their Delivery Boy (causing tremendous loss to the U.S.), and are putting many thousands of retailers out of business!
— Donald J. Trump (@realDonaldTrump) March 29, 2018 Amazon and the company’s founder, Jeff Bezos, are among Mr. Trump’s regular Twitter targe..
Book Listing Hitler as a ‘Great Leader’ Is Removed from Publisher’s Website NEW DELHI — An Indian publisher has removed from its online store a children’s book that included Hitler on a list of world leaders who “devoted their lives for the betterment of their country and people.”
The book, titled “Leaders” but previously listed on the publisher’s website as “Great Leaders,” spotlights 11 world figures “who will inspire you.” On its cover, Hitler is featured alongside Barack Obama, Nelson Mandela and Mohandas K. Gandhi, among others.
Published by the Pegasus imprint of B. Jain Publishing Group of India, the book came under fire this month after the Simon Wiesenthal Center, a global human rights organization researching the Holocaust and hate in historical and contemporary contexts, called the decision to include Hitler an “abomination.”
In a statement released this week, Rabbi Abraham Cooper, associate director of the center, hailed the removal of the 48-page book from the publisher’s ..
The Russian State Duma has refused to pass a draft address describing the activities of former leaders Mikhail Gorbachev and Boris Yeltsin, which led to the fall of the Soviet Union, as “destructive and anti-national.”
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Labour MP John Woodcock’s reported impending exit from the party is being welcomed by activists. His loyalty to leader Corbyn has been questioned and his recent praise of the Turkish government’s “pluralism” has been raked up.
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Surf champion Saad Abid runs a program to clean up the oceans he rides in