Share to Twitter Share to Linkedin Topline A federal grand jury has assembled and issued at least one subpoena in the Justice Department’s probe into former President Donald Trump’s transfer of classified White House records to his Mar-a-Lago resort, suggesting the investigation into the former president is gaining steam, according to the New York Times . Key Facts Prosecutors in recent days subpoenaed the National Archives and Records Administration for boxes of documents shipped from the White House to Mar-a-Lago, according to the Times , citing two sources with knowledge of the matter. Investigators have interviewed some former Trump Administration aides about the boxes, the Washington Post reported Thursday, citing unnamed sources. Neither the Justice Department nor a Trump spokeswoman immediately responded to requests for comment from Forbes . Key Background In April, the Washington Post reported the Justice … [Read more...] about Grand Jury Investigating Trump’s Transfer Of White House Records To Mar-A-Lago, Report Says
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Pac-12 stock report: ASU’s transfer help, Grand Canyon talent and a lack of QB clarity
Commentary on Pac-12 developments on and off the field … Rising: ASU’s outlook Were offseason rosters moves tallied on a scoreboard, the Sun Devils were losing 70-7 in the fourth quarter. But they mustered a rally last week when the transfer portal produced a quarterback who just might alter the 2022 trajectory. Emory Jones won’t be mistaken for a future first-round pick — his performance last season at Florida was decidedly uneven. But Jones instantly improves the overall state of ASU’s quarterback depth and should be considered the frontrunner for the starting job over inexperienced returnees Daylin McLemore and Trenton Bourguet and transfer Paul Tyson, who threw a handful of passes for Alabama. Jones owns more than 400 career attempts and faced some of the best defenses in the country during his Gator career. ASU lost its top playmakers and key offensive linemen. If forced to play a rookie quarterback, the situation would have been deeply dire. With Jones running … [Read more...] about Pac-12 stock report: ASU’s transfer help, Grand Canyon talent and a lack of QB clarity
Billionaire Lim Kok Thay Launching Singapore Cruise Liner After Winding Down Hong Kong Operations
Share to Twitter Share to Linkedin Malaysian billionaire Lim Kok Thay is launching a brand-new cruise line from Singapore just four months after winding down Genting Hong Kong (formerly Star Cruises) as the cruise ship operator ran out of cash during the Covid-19 pandemic which upended the tourism industry. Lim relaunched his cruise line business less than two months after stepping down as chairman and CEO of Genting Hong Kong in late January as the company filed for liquidation. In early March, he incorporated Resorts World Cruises in Singapore to run cruise operations out of the Southeast Asian financial hub. The sole shareholder of Resorts World Cruises is Genting Malaysia Bhd. in which Lim is the chairman, according to regulatory filings. Resorts World Cruises will initially operate one ship, Genting Dream, which will provide cruise to nowhere services from Singapore next month, Bloomberg quoted Michael Goh, the company’s president and head of … [Read more...] about Billionaire Lim Kok Thay Launching Singapore Cruise Liner After Winding Down Hong Kong Operations
Sunway REIT’s 1Q net property income jumps 77% on strong pick up in business activities
- A + A KUALA LUMPUR (May 18): Sunway Real Estate Investment Trust's (Sunway REIT) net property income (NPI) for the first quarter ended March 31, 2022 (1QFY22) jumped 77.4% year-on-year (y-o-y) to RM118.9 million from RM67.02 million driven by strong pick up in business activities for the retail and hotel segments due to the relaxation in movement restrictions. Earnings per unit rose to 2.96 sen from 0.94 sen a year earlier, Sunway REIT informed Bursa Malaysia on Wednesday (May 18). Quarterly revenue grew 47.67% to RM153.97 million from RM104.27 million underpinned by higher revenue from all segments. Gross revenue for the retail segment soared 83.5% to RM98.4 million from RM53.7 million a year ago, primarily contributed by strong performance from all retail malls on the back of pent-up demand, festive spending, relaxation of Covid-19 safety measures and marginal rental support. The hotel segment’s gross revenue increased 28.6% y-o-y to RM18.5 million compared … [Read more...] about Sunway REIT’s 1Q net property income jumps 77% on strong pick up in business activities
DOJ Sues Trump Confidant For Not Registering As A Foreign Agent Of China
The Department of Justice is suing the former finance chairman of the Republican National Committee for failing to register as a foreign agent of China, the agency announced Tuesday. The Department of Justice (DOJ) filed a civil enforcement action seeking to compel Stephen A. Wynn , a billionaire hotel magnate and Trump confidant , to register under the Foreign Agents Registration Act (FARA) as an “agent of the People’s Republic of China (PRC) and a senior official of the PRC’s Ministry of Public Security (MPS),” Assistant Attorney General Matthew Olsen announced . The MPS is an agency which reports directly to the State Council of the Chinese Communist Party, according to the agency’s website . The DOJ’s decision comes in response to Wynn’s refusal to register as an agent of the PRC after the department advised Wynn to register in May 2021, according to The Wall Street Journal . “The filing of this suit — the first affirmative civil lawsuit under FARA in more than … [Read more...] about DOJ Sues Trump Confidant For Not Registering As A Foreign Agent Of China
January 6 Committee Reportedly Doesn’t Plan To Call Trump Or Pence As Witnesses
Share to Twitter Share to Linkedin Topline Rep. Bennie Thompson (D-Miss.), chair of the House committee investigating the January 6 Capitol riot, said the committee does not expect to call former President Donald Trump or former Vice President Mike Pence as witnesses, Politico reporter Kyle Cheney said on Twitter on Tuesday, marking a shift from earlier statements that Trump was not off-limits from the committee’s subpoenas. Key Facts Thompson remarked it was unclear whether speaking to Trump would shed any new light on evidence already obtained by the committee, Cheney tweeted . Thompson said that, though the committee doesn’t plan to call Pence as a witness, it is in talks with representatives for Pence, according to Cheney. These comments marked a shift in tone from October, when Thompson told CNN anchor Wolf Blitzer that “nobody is off limits” from the committee’s subpoenas. Thompson’s reported remarks came four days … [Read more...] about January 6 Committee Reportedly Doesn’t Plan To Call Trump Or Pence As Witnesses
Disney (DIS) Theme Parks Rebound Strongly, Despite Political Turmoil
In its Q2 FY 2022 earnings report in mid-May, The Walt Disney Company ( DIS ) revealed that revenue for its Parks, Experiences and Products segment more than doubled year over year (YOY). The segment, which includes Disney's well-known theme parks as well as resorts, cruise ships, and other experiences, was hit heavily by pandemic-related shutdowns throughout 2020 and 2021. Now, the recent earnings release could signal that the company is not only recovering strongly from the early stages of the pandemic, but also that it is weathering political backlash over its ongoing clashes with Florida lawmakers. Key Takeaways In its Q2 FY 2022 earnings, Disney reported that the business segment including theme parks more than doubled revenue YOY. The revenue performance comes even as some of Disney's international parks remain shuttered due to the COVID-19 pandemic and while international guest attendance at domestic parks has been depressed. Disney's theme park success in … [Read more...] about Disney (DIS) Theme Parks Rebound Strongly, Despite Political Turmoil