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Bankman-Fried wraps testimony in FTX criminal fraud trial

Published Tue, 05 Nov 2024 05:42:13 GMT

By Allison Morrow | CNNSam Bankman-Fried has stepped down from the stand, after four days of testimony in his criminal fraud trial.“That concludes the presentation of evidence in this case,” Judge Lewis Kaplan announced just after noon ET on Tuesday as he sent the jury home from the Manhattan court. Closing arguments are set to begin at 9:30 am ET on Wednesday.Tuesday’s testimony delivered some of the most potentially damning blows yet to his defense, which has hinged on Bankman-Fried’s narrative that he made honest mistakes as a startup founder.Prosecutors say former billionaire Bankman-Fried used his crypto exchange, FTX, as his own personal piggy bank, using the money he took from customers to enrich himself and his family, buy luxury beachfront property in the Bahamas and funnel millions into US political campaigns.Bankman-Fried, 31, testified Tuesday that he knew as early as 2020 that FTX customer funds were being held in a bank account controlled by FTX’s sister company, the h...

Burglary in progress in San Jose, heavy police presence

Published Tue, 05 Nov 2024 05:42:13 GMT

(KRON) -- There is a heavy police presence at the scene of a burglary in progress, according to the San Jose Police Department. The scene is described as active. The activity is centered around Lincoln Avenue and Auzerais Avenue. Body found in suitcase floating in Lake Merritt Tuesday Police are urging the public to stay out of the area while the investigation is underway.This is a developing story. Check back for updates.

Artisan Partners: Q3 Earnings Snapshot

Published Tue, 05 Nov 2024 05:42:13 GMT

MILWAUKEE (AP) — MILWAUKEE (AP) — Artisan Partners Asset Management Inc. (APAM) on Tuesday reported third-quarter profit of $53.1 million.On a per-share basis, the Milwaukee-based company said it had profit of 76 cents. Earnings, adjusted for one-time items, were 75 cents per share.The investment management firm posted revenue of $248.7 million in the period.Artisan Partners shares have risen 11% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $33, a rise of 16% in the last 12 months._____This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on APAM at https://www.zacks.com/ap/APAMSource

Douglas Emmett: Q3 Earnings Snapshot

Published Tue, 05 Nov 2024 05:42:13 GMT

SANTA MONICA, Calif. (AP) — SANTA MONICA, Calif. (AP) — Douglas Emmett Inc. (DEI) on Tuesday reported a key measure of profitability in its third quarter. The results beat Wall Street expectations.The Santa Monica, California-based real estate investment trust said it had funds from operations of $89.4 million, or 45 cents per share, in the period.The average estimate of eight analysts surveyed by Zacks Investment Research was for funds from operations of 44 cents per share.Funds from operations is a closely watched measure in the REIT industry. It takes net income and adds back items such as depreciation and amortization.The company said it had a loss of $13.4 million, or 8 cents per share.The real estate investment trust, based in Santa Monica, California, posted revenue of $255.4 million in the period, also surpassing Street forecasts. Five analysts surveyed by Zacks expected $251.2 million.Douglas Emmett expects full-year funds from operations to be $1.81 to $1.85 per share.____...

Pros Holdings: Q3 Earnings Snapshot

Published Tue, 05 Nov 2024 05:42:13 GMT

HOUSTON (AP) — HOUSTON (AP) — Pros Holdings Inc. (PRO) on Tuesday reported a loss of $13.9 million in its third quarter.The Houston-based company said it had a loss of 30 cents per share. Earnings, adjusted for one-time gains and costs, came to 9 cents per share.The results exceeded Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 3 cents per share.The pricing and revenue-management software maker posted revenue of $77.3 million in the period, also surpassing Street forecasts. Four analysts surveyed by Zacks expected $75.7 million.For the current quarter ending in December, Pros Holdings expects its per-share earnings to range from 3 cents to 5 cents.The company said it expects revenue in the range of $76 million to $77 million for the fiscal fourth quarter. Analysts surveyed by Zacks had expected revenue of $68.1 million.Pros Holdings expects full-year revenue in the range of $302.2 million to $303.2 million._...

Amcor: Fiscal Q1 Earnings Snapshot

Published Tue, 05 Nov 2024 05:42:13 GMT

WARMLEY BRISTOL, Britain (AP) — WARMLEY BRISTOL, Britain (AP) — Amcor plc (AMCR) on Tuesday reported fiscal first-quarter earnings of $152 million.The Warmley Bristol, Britain-based company said it had net income of 11 cents per share. Earnings, adjusted for non-recurring costs, came to 16 cents per share.The results beat Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 14 cents per share.The packaging company posted revenue of $3.44 billion in the period.Amcor expects full-year earnings in the range of 67 cents to 71 cents per share.Amcor shares have decreased 25% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $8.89, a decrease of 23% in the last 12 months._____This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on AMCR at https://www.zacks.com/ap/AMCRSource

Vikings get QB Joshua Dobbs in deadline deal with Cardinals in fallout from Cousins injury

Published Tue, 05 Nov 2024 05:42:13 GMT

MINNEAPOLIS (AP) — The Minnesota Vikings agreed to acquire quarterback Joshua Dobbs in a trade with the Arizona Cardinals in the hours before the NFL trade deadline on Tuesday, adding another player with starting experience following the season-ending injury to Kirk Cousins.The deal was pending completion of a physical for Dobbs, who was acquired on Aug. 24 by the Cardinals in a trade with Cleveland. The Vikings will send a 2024 sixth-round draft pick to the Cardinals and receive a conditional 2024 seventh-rounder with Dobbs in return.“This immediate solution that we found provides us with a really quality player at a time when we were able to go out and get that player without potentially leaving the world of the future,” Vikings coach Kevin O’Connell said.The Vikings (4-4) also reached an agreement with Jacksonville to trade left guard Ezra Cleveland for a 2024 sixth-round draft pick, pending completion of a physical for Cleveland with the Jaguars. The pick coming to Minneso...

A woman who left Texas for India after her 6-year-old son went missing is charged with killing him

Published Tue, 05 Nov 2024 05:42:13 GMT

EVERMAN, Texas (AP) — A Texas woman who told various stories to explain her 6-year-old son’s absence before leaving the country has been charged with killing the child, who has been missing for a year.Cindy Rodriguez-Singh, 38, was indicted Monday by a Tarrant County grand jury on one count of capital murder, two counts of injury to a child and one count of abandoning a child without intent to return, Everman Police Chief Craig Spencer said at a news conference. Authorities have searched in and around Everman, the city south of Fort Worth where the family lived, but the body of Noel Rodriguez-Alvarez has not yet been found. Investigators say Noel was last seen in late October 2022.Spencer said he’s hopeful that the indictments will help in getting her arrested and returned to the U.S. from India. He said he did not know if she’s been located yet, but said that federal authorities were working the case. Spencer said he did not know of any attorney representing Rodri...

New executive order overhauls sexual harassment policies in District government 

Published Tue, 05 Nov 2024 05:42:13 GMT

D.C. Mayor Muriel Bowser has signed an executive order that aims to crack down on sexual harassment in District agencies.The 24-page order explicitly bans sexual and romantic relationships between supervisors and employees in their chain of command. Bowser administration officials said Tuesday each agency will define what the chain of command looks like.The updated policy also directs a Sexual Harassment Task Force to review current policies and procedures and make additional recommendations to help create a harassment-free environment.At an unrelated event Tuesday afternoon, Bowser said the order is a step toward D.C.’s goal of having a sexual harassment-free workforce.“We’re going to make the policies as clear as possible, so that people can be compliant,” Bowser said. “And at the end of the day, people have to do the right thing. And if they don’t, there will be consequences.”Employees will also have to be trained on sexual harassment ann...

Diamond Hill Investment Group: Q3 Earnings Snapshot

Published Tue, 05 Nov 2024 05:42:13 GMT

COLUMBUS, Ohio (AP) — COLUMBUS, Ohio (AP) — Diamond Hill Investment Group Inc. (DHIL) on Tuesday reported net income of $6.5 million in its third quarter.The Columbus, Ohio-based company said it had earnings of $2.20 per share. Earnings, adjusted for non-recurring costs and investment costs, came to $2.85 per share.The investment company posted revenue of $35.6 million in the period. Its revenue net of interest expense was $35.6 million, exceeding Street forecasts._____This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on DHIL at https://www.zacks.com/ap/DHILSource