Boeing will pay $200 million to settle SEC fraud charges related to 2 deadly airplane crashes involving the company’s 737 MAX aircraft between 2018 and 2019
Boeing 777X Flight Test 1 aircraft at the Farnborough Air Show 2022.Taylor Rains/Insider Boeing will pay $200 million to settle charges it withheld information about safety issues in its 737 Max aircraft. The 737 Max aircraft crashed two times between 2018 and 2019. Its former CEO will pay $1 million. The Securities and Exchange Commission said Thursday that it Boeing has agreed to pay a $200 million penalty to settle charges that it failed to disclose to investors problems with the company's 737 Max airplane that resulted in two deadly crashes between 2018 and 2019.The company's former CEO, Dennis Muilenburg,…
Exclusive – Trump’s Truth Social Exploring Legal Action Against SEC for Alleged Delays in Company Merger Approval Process
The company founded by former President Donald Trump that launched his social media platform Truth Social is considering legal action against the Securities and Exchange Commission (SEC) for allegedly slow-walking approval of the company’s planned merger with another company that would provide the joint entity a mass infusion of capital, Breitbart News has learned exclusively.
SEC contingent makes move in latest college football quarterback rankings
The top three remains the same and some SEC standouts are making their move in the latest college football quarterback rankings after Week 2.
The rise and fall of Elizabeth Holmes, the former Theranos CEO found guilty of wire fraud and conspiracy, whose sentencing has now been delayed
Elizabeth Holmes leaves after a hearing at a federal court in San Jose, California, on July 17, 2019.Reuters/Stephen Lam Elizabeth Holmes dropped out of Stanford at 19 to start Theranos and grew its value to $9 billion. Later, technology flaws were exposed, resulting in a months-long trial where Holmes was found guilty on three counts of wire fraud and one count of conspiracy. Now, Holmes is requesting a new trial after a key witness claimed he felt bad about his testimony. In 2014, blood-testing startup Theranos and its founder, Elizabeth Holmes, were on top of the world.Back then, Theranos was a…
ESG: The Left’s Latest Destructive Tactic to Bully Business
Reports about ESG — “environmental, social, and governance” scores that progressive activists, money-management firms, and government agencies (namely, the Securities and Exchange Commission) assign to corporations — have become nearly ubiquitous in the news. There is even a website, esgnews.com, that keeps track of the latest ESG-related developments. Recently, Vanguard, the gigantic mutual-fund investment firm, announced that it is increasing “its offering of passive ESG funds in Europe.” Vanguard is just one of numerous examples in the news that could be cited. On the plus side, governors, state treasurers, and state attorneys general are pushing back against ESG bullies. Republican…
SEC Chair Gary Gensler sends a message to crypto startup founders and VCs: ‘This field will not take off unless you have some trust’
Gary Gensler, now chair of the SEC, in 2013.Photo by Chip Somodevilla/Getty Images SEC Chair Gary Gensler said he believes most cryptocurrencies should be regulated as securities. Gensler addressed Web3 founders and VCs, saying they need regulation to build trust. He spoke by video call on Thursday at the NYC Summit, a conference for founders and investors. The crypto industry is not going to make it without increased regulation to build trust among investors and the general public, says Gary Gensler, the chair of the Securities and Exchange Commission.Gensler, speaking via a video call at the NYC Summit, a conference…
Trump-linked SPAC slides 21% after reportedly failing to land an extension for its proposed merger with Truth Social
Former President Donald Trump at a rally in Wilkes-Barre, Pennsylvania on September 3.Kyle Mazza/Anadolu Agency via Getty Images Digital World Acquisition Corp. shares dropped 21% Tuesday as the SPAC linked to Donald Trump faces potential liquidation. Reuters reported that not enough Digital World shareholders have voted to extend a merger deadline with Trump's social media company that runs the Truth Social app. The SPAC needs 65% of shareholders to vote to approve the deal extension with Trump Media & Technology Group. Digital World Acquisition Corp. shares tumbled Tuesday following a Reuters report the company hasn't won enough votes from shareholders…
The SEC boss says staff is performing well under ‘voluntary remote work’
SEC Chair Gary Gensler speaking Senate Banking, Housing, and Urban Affairs Committee hearing in 2021.Evelyn Hockstein/Pool via AP SEC Chair Gary Gensler was asked about remote work in a CNBC interview Friday. His staff is under a voluntary remote work policy – 'that's where we are,' Gensler says Other Wall Street executives aren't so sold on remote work, reports say. As Wall Street executives continue to debate in-office work - and some pressure workers to return - the Securities and Exchange Commission boss isn't leaving remote work behind just yet.SEC Chairman Gary Gensler told CNBC in a Zoom interview on…
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