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Senate: Credit Suisse still helps rich Americans evade taxes

Published Wed, 26 Feb 2025 02:15:17 GMT

GENEVA (AP) — U.S. lawmakers say Credit Suisse kept allowing wealthy Americans to dodge tax payments, finding after a two-year investigation that the embattled Swiss bank violated a 2014 plea agreement it entered for enabling tax evasion.The U.S. Senate Finance Committee on Wednesday pointed to a possible criminal conspiracy tied to nearly $100 million in secret offshore accounts belonging to one family of American taxpayers that the bank didn’t disclose.The committee said its findings show that more than $700 million was concealed in violation of Credit Suisse’s 9-year-old plea deal.“Credit Suisse got a discount on the penalty it faced in 2014 for enabling tax evasion because bank executives swore up and down they’d get out of the business of defrauding the United States,” said Sen. Ron Wyden, the Democratic chairman of the committee. “This investigation shows Credit Suisse did not make good on that promise, and the bank’s pending acquisition does not wipe the slate clean.”Th...

Sweden finds woman guilty of war crimes for gruesome photos

Published Wed, 26 Feb 2025 02:15:17 GMT

COPENHAGEN, Denmark (AP) — A Swedish court on Wednesday found a 35-year-old woman guilty of war crimes for posting photos of herself with severed heads that were on display in a Syrian city in 2014.Fatosh Ibrahim who pleaded not guilty, was sentenced to three months in prison.The Goteborg District Court said Fatosh Ibrahim “on two occasions published photographs of severed heads impaled on the fence” of a Raqqa roundabout, placed there by Islamic State group militants.Ibrahim used her cell phone to take photos of herself in Raqqa’s Naim Square – meaning “Paradise” – where Islamic State group militants had displayed hanged bodies or heads.The court said in its ruling that Ibrahim posted on Facebook “disparaging comments about the people in the photos and expressed that they deserved what they were subjected to.”“The woman had clearly expressed her sympathy with the actions of the Islamic State group, and her actions have been considered to be in connection wit...

US Senate Finance Committee: Credit Suisse allowed rich Americans to keep evading taxes in violation of 2014 plea deal

Published Wed, 26 Feb 2025 02:15:17 GMT

GENEVA (AP) — US Senate Finance Committee: Credit Suisse allowed rich Americans to keep evading taxes in violation of 2014 plea deal.Source

Tragedia en Ciudad Juárez: migrantes se quedaron encerrados en incendio mortal

Published Wed, 26 Feb 2025 02:15:17 GMT

CIUDAD JUÁREZ, México — Cuando empezó a salir humo de un centro de detención de migrantes en la ciudad fronteriza de Ciudad Juárez, México, la migrante venezolana Viangly Infante Padrón quedó aterrorizada porque sabía que su esposo seguía dentro.El padre de sus tres hijos había sido detenido ese día por agentes de inmigración, dentro de una reciente operación donde fueron detenidos otros 67 migrantes, muchos de los cuales pedían limosna o lavaban ventanas de autos en semáforos de la ciudad, al otro lado de la frontera con El Paso, Texas.En momentos de conmoción y espanto, Infante Padrón recordó cómo vio a los agentes de inmigración salir corriendo del edificio cuando comenzó el fuego el lunes por la noche. Más tarde sacaron los cuerpos de migrantes en camillas, envueltos en mantas de emergencia. El resultado: 38 muertos y 28 heridos graves, víctimas de un incendio al parecer provocado como protesta por los propios detenidos. Exigen investigar incendio en centro migrato...

A senior Russian diplomat says Moscow has suspended sharing information about its nuclear forces with the United States

Published Wed, 26 Feb 2025 02:15:17 GMT

MOSCOW (AP) — A senior Russian diplomat says Moscow has suspended sharing information about its nuclear forces with the United States.Source

Carbon Streaming: Fiscal Q2 Earnings Snapshot

Published Wed, 26 Feb 2025 02:15:17 GMT

TORONTO (AP) — TORONTO (AP) — Carbon Streaming Corporation (OFSTF) on Wednesday reported profit of $4.8 million in its fiscal second quarter.On a per-share basis, the Toronto-based company said it had profit of 10 cents. Losses, adjusted for non-recurring gains, came to 12 cents per share.The mining company posted revenue of $1.1 million in the period._____This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on OFSTF at https://www.zacks.com/ap/OFSTFSource

Macy’s Gennette to retire; Bloomingdale’s Spring is new CEO

Published Wed, 26 Feb 2025 02:15:17 GMT

Macy’s Chairman and CEO Jeff Gennette will retire at the end of the fiscal year, and will be succeeded by Bloomingdale’s Chairman and CEO Tony Spring.Gennette, 61, guided the retailer through the pandemic after taking the top job at Macy’s in March 2017. He became chairman the following year. Spring, 58, will become president and CEO-elect immediately, according to a regulatory filing on Wednesday, and is expected to be appointed as permanent CEO in February. He will take a board seat on Saturday and will have an annual salary of $1 million, plus incentives. Spring has been an executive vice president since 2021. Macy’s board, which currently has 14 members, will increase its size to 16 directors.Macy’s Chief Financial Officer Adrian Mitchell will be taking on the additional role of chief operating officer. The 49 year-old has been CFO since 2020. Macy’s Inc. is based in Cincinnati, Ohio. Shares slipped 2% before the opening bell Wednesday. Source

Telesat: Q4 Earnings Snapshot

Published Wed, 26 Feb 2025 02:15:17 GMT

OTTAWA, Ontario (AP) — OTTAWA, Ontario (AP) — Telesat Corporation (TSAT) on Wednesday reported earnings of $17 million in its fourth quarter.The Ottawa, Ontario-based company said it had net income of $1.30 per share.The satellite communications company posted revenue of $152.2 million in the period.For the year, the company reported a loss of $18 million, or $1.46 per share. Revenue was reported as $583.9 million._____This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on TSAT at https://www.zacks.com/ap/TSATSource

Stakes high for Anthony Joshua ahead of fight with Franklin

Published Wed, 26 Feb 2025 02:15:17 GMT

One minute he’s talking about a blockbuster, all-British heavyweight fight with Tyson Fury.The next he’s looking forward to “loving life” in retirement, free from the pressure of an expectant public.Such are the stakes for Anthony Joshua in a fight that comes at a crossroads in his career.Coming off consecutive losses to Oleksandr Usyk, the former two-time world champion takes on American boxer Jermaine Franklin at London’s O2 Arena on Saturday for a non-title bout that is bigger than it appears at first glance.If Joshua loses, his career is pretty much in ruins. OK, he could still sell fights — he has been a huge draw in Britain for a decade, ever since he won Olympic gold at the London Games in 2012 — but he will no longer have the credibility to go along with the hype.And, to be sure, the hype was justified in his golden period from 2016-18 when he won seven straight world title fights, including an epic against Wladimir Klitschko in front of 90,000 spectators in 2017, to allow h...

Tottenham official Fabio Paratici to serve worldwide ban

Published Wed, 26 Feb 2025 02:15:17 GMT

MANCHESTER, England (AP) — Tottenham managing director of football Fabio Paratici will serve a worldwide ban for his part in a false accounting scandal involving Juventus, FIFA said Wednesday.Italy’s most famous soccer team was hit with a 15-point penalty in January and bans were handed out to a number of its officials, including former president Andrea Agnelli and former CEO Maurizio Arrivabene.Paratici, who had already left his role as sporting director and taken up a new position at Tottenham, was handed the longest ban of 2½ years by the Italian soccer federation. That has now been extended worldwide.“FIFA can confirm that following a request by the Italian FA (FIGC), the Chairperson of FIFA’s Disciplinary Committee has decided to extend the sanctions imposed by FIGC on several football officials to have worldwide effect,” the governing body said.The decision will have a significant impact on Tottenham at a time when the Premier League club is conducting a search for a new...