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Icahn Enterprises halves quarterly dividend months after short-selling report, shares plunge

Published Tue, 25 Feb 2025 03:22:14 GMT

NEW YORK (AP) — Months into the fallout from a damning short-selling report, shares for corporate raider and activist investor Carl Icahn’s conglomerate Icahn Enterprises plunged Friday after the firm halved its quarterly dividend.In sharing second-quarter financial results on Friday, Icahn Enterprises declared a distribution of $1 per depositary unit, representing a 12% annualized yield. That’s half of the firm’s previous $2 per unit payout. Its stock closed Friday down more than 23%. The quarterly divided slash comes months after a May 2 report from short-selling firm Hindenburg Research, which claimed that IEP has been using inflated asset valuations. The report also pointed to “Ponzi-like economic structures” at the holding company — alleging that Icahn has used money from new investors to pay out dividends to old investors.IEP and Icahn have denied the allegations made in Hindenburg’s report, previously stating that they would “fight back.”Well before Fr...

Despliegan brigadas para combatir pandillas al norte de Virginia

Published Tue, 25 Feb 2025 03:22:14 GMT

Ante el aumento en la delincuencia en el DMV, organizaciones se unieron para ofrecerle recursos educativos a la comunidad sobre las pandillas y evitar que estas continúen reclutando a jóvenes. Los coordinadores del Equipo de Intervención de Respuesta a Pandillas en el condado Arlington informaron que cerca del 90% de este tipo de grupos en el área son liderados y conformados por hispanos.Por eso desde hace dos décadas las brigadas antipandillas en el norte de Virginia están haciendo un esfuerzo para atacar el problema desde la prevención, asegurando que la actividad de pandillas ha disminuido, pero sigue siendo una amenaza. La entidad agregó que el mayor riesgo para que un joven caiga en este tipo de agrupaciones es no tener actividades extracurriculares.“Poner atención a quiénes son las amistades de sus hijos, también si no están involucrados en algo positivo después de la escuela, el riesgo es alto (así como) si no están yendo a la escuela. Ingresar a los dormitorios donde e...

Princess Street Promenade expands after business concerns

Published Tue, 25 Feb 2025 03:22:14 GMT

The Princess Street Promenade is returning to Kingston this Saturday August 5, the second time this year that the one day festival has been held.The event runs from 10 am to 5 pm shutting down a large, downtown stretch of Princess Street to traffic so pedestrians can freely roam the street to browse storefronts.Initially plans for this weekend’s Promenade only began at Barrie Street, leaving Brian Lipsin – owner of Brian’s Record Option – miffed at the event as a whole. The event is organized by Downtown Kingston BIA (Business Improvement Area), and Lipsin says while he commends them for the effort they put into Downtown Kingston, he typically doesn’t look forward to the events they hold in Kingston’s downtown.He says a portion of his property taxes go towards the BIA, but he feels his store location falls in one area of the downtown core that often gets overlooked in the planning of these events.“Whether they do anything for you or not it&#...

$9M cryptocurrency theft case dropped

Published Tue, 25 Feb 2025 03:22:14 GMT

DENVER (KDVR) — The case against a man accused of stealing $9 million in cryptocurrency has been dropped, court records show.Mark Shin was charged with theft, cybercrime theft and money laundering. Prosecutors say he took advantage of a software update that allowed him to mint his own cryptocurrency. Closing arguments heard in cryptocurrency theft trial A judge on Friday granted the state's motion to dismiss the case."Further prosecution of the above-captioned case is no longer necessary in that the People feel that the ends of justice would not be further served by continued prosecution of the Defendant because it is in the best interests of justice," John Kellner, the 18th Judicial District attorney, wrote in the motion.FOX31 has reached out to Kellner's office for more information on what led to the dismissal.Closing arguments in Shin's case were heard on May 31, but the trial ended in a hung jury. The case was set to be retried on Nov. 8.Shin accused of minting personal crypto...

Twitch streamer in custody after giveaway draws huge crowds to Union Square in New York City

Published Tue, 25 Feb 2025 03:22:14 GMT

(CNN) — The New York Police Department took social media star Kai Cenat into custody Friday after thousands-strong crowds gathered in Union Square for a giveaway, leaving multiple people arrested and multiple police officers injured.Cenat, who has over 4 million followers on YouTube, over 5 million on Instagram, and 6.5 million on Twitch, said during a Wednesday Twitch stream that he would be hosting a “huge giveaway” Friday at 4 p.m. in Union Square Park.In the stream, he said they would be giving away computers, Play Station 5s, microphones, keyboards, webcams, gaming chairs, headphones and giftcards from a truck in Union Square. “I feel like New York really deserves it,” he said.Thousands of people began gathering at the park around 3 p.m., NYPD chief Jeffrey Maddrey said at a Friday news conference. “Soon the park and the surrounding streets were overrun with people, obstructing vehicular and pedestrian traffic,” he said.The crowds spurred the NYPD to activat...

Record-breaking centerpiece unveiled at Gillette Stadium

Published Tue, 25 Feb 2025 03:22:14 GMT

The new centerpiece at Gillette Stadium was unveiled Friday, and it’s breaking records for outdoor sports venues.The huge screen has been in the works for over a year and a half. The curved radius design measures 370 by 60 feet and is 22,000 square feet. “It’s over five times the size of the video board it replaced,” said Jim Nolan, chief operating officer of Kraft Sports and Entertainment. “We can show two full images from two different camera angles, as well as statistics and fan engagement. It’s that big.”It’s a part of a $250 million investment project into the stadium that aims to revolutionize the fan experience.“So that one to one connection in the ability to use all of the technology that people get when they’re at home in the stadium is something we’re really looking forward to,” said Jen Ferron, chief marketing officer of Kraft Sports and Entertainment.From concerts to major league games, the goal is to allow fans to be a part of the action while proving to New Englanders ...

Patriots, LB Matt Judon agreed to reworked contract with more guaranteed money

Published Tue, 25 Feb 2025 03:22:14 GMT

The Patriots and outside linebacker Matt Judon have agreed on a reworked contract that will guarantee him more money and allow the perennial Pro Bowler to make up to $18 million this season, per ESPN’s Adam Schefter.Related ArticlesNew England Patriots | Christian Gonzalez learning from ‘heavyweight’ matchup in Patriots training camp New England Patriots | Patriots coaches respond to Jack Jones leaving Thursday practice New England Patriots | Patriots’ Mac Jones, Bill O’Brien enjoying strong QB-coach relationship New England Patriots | Patriots extra points: Undrafted rookie learning second new position New England Patriots | Patriots open second roster spot by waiving injured linebacker Judon, who was scheduled to make $2 million guaranteed this season, will now make $14 million fully guaranteed. The 31-year-old is now being paid in line with other elite edge rushers around...

Offshore wind power projects proposed for New Jersey Shore

Published Tue, 25 Feb 2025 03:22:14 GMT

New Jersey would see the number of wind power projects built off its coast double if three new projects proposed Friday are approved by regulators.Two of them are more than twice as far out to sea than others that have drawn the ire of residents who don’t want to see windmills on the horizon. These two would not be visible from the beach, the companies proposing them say.They would join three wind farms already approved by New Jersey regulators as the state races to become the East Coast capital of the fast-growing offshore wind industry.The deadline for applications was 5 p.m. EST on Friday, and it was not immediately clear whether any additional applications were received by the state Board of Public Utilities before then.In the first project to be made public Friday by the companies proposing it, Essen, Germany-based RWE and New York-based National Grid applied for permission to build a wind farm in the waters off Long Beach Island. Their joint venture is called Community O...

Harvard Law’s Charles J. Ogletree Jr. dies at 70

Published Tue, 25 Feb 2025 03:22:14 GMT

Charles J. Ogletree Jr., a famed Harvard law professor and scholar, has died. He was 70.“It is with a heavy heart that I share the news that our friend and colleague Charles Ogletree has passed away,” Harvard Law’s Dean John F. Manning said in a statement to the school Friday. “The Jesse Climenko Professor of Law Emeritus, Charles—or Tree, as he was affectionately known — lived a life of great consequence, achieving what few can even dream.”Ogletree was a voice of reason who didn’t shy away from difficult discussions and was a mentor to former President Barack Obaman and many more.He founded the Charles Hamilton Houston Institute for Race and Justice that became “a leading force for scholarship, advocacy, coalition building, education, and community engagement on civil rights and equal opportunity,” Manning said.Ogletree revealed years ago he was diagnosed with Alzheimer’s disease.“Courage and conviction defined our friend and colleagu...

Ukraine says its drones damaged a Russian warship, showing Kyiv’s growing naval capabilities

Published Tue, 25 Feb 2025 03:22:14 GMT

By HANNA ARHIROVA and EMMA BURROWS (Associated Press)KYIV, Ukraine (AP) — Ukraine said its sea drones struck a major Russian port Friday and damaged a warship in an attack that underlined Kyiv’s growing naval capabilities as the Black Sea becomes an increasingly important battleground in the war.The strike on Novorossiysk halted maritime traffic for a few hours and marked the first time a commercial Russian port has been targeted in the nearly 18-month-old conflict. The port has a naval base, shipbuilding yards and an oil terminal, and is key for exports. It lies about 110 kilometers (about 60 miles) east of Crimea, where Russia’s Defense Ministry said it thwarted another attack.The Security Service of Ukraine and the country’s navy carried out the attack that damaged the Olenegorsky Gornyak, a landing vessel of the Russian navy, according to an official with the security service. The official, who spoke on condition of anonymity because he was not authorized...