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| Cohen's SAC Capital reaches $135 million settlement with Elan investors | |  By Jonathan Stempel and Nate Raymond NEW YORK (Reuters) - Billionaire Steven A. Cohen's former hedge fund SAC Capital Advisors LP will pay $135 million to settle a lawsuit by investors in Elan Corp, who said they lost money on the drugmaker due to insider trading by one of his portfolio managers. The preliminary settlement with SAC, which is now known as Point72 Asset Management, was filed on Wednesday with the federal court in Manhattan, and requires approval by U.S. District Judge John Koeltl. It resolves class-action claims over an estimated $275 million of illegal gains that Mathew Martoma, who worked at SAC's CR Intrinsic Investors unit, generated in 2008 by trading in shares of Elan and Wyeth based on tips from a Michigan doctor about an Alzheimer's drug trial.
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| New evidence shows deep Islamic State role in Bangladesh massacre | |  By Paritosh Bansal and Serajul Quadir DHAKA (Reuters) - Before Tamim Ahmed Chowdhury orchestrated Bangladesh's worst militant attack, he sought and won approval for it from Islamic State. A Canadian of Bangladeshi origin, he was told by his contact in the militant group, Abu Terek Mohammad Tajuddin Kausar, to target foreigners, according to a senior police official who has seen communications between the two men. Chowdhury, located in Bangladesh at the time, proposed an attack on a Dhaka eatery frequented by expatriates.
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| Brazil prosecutors blast lawmakers for gutting corruption bill | | | Prosecutors investigating Brazil's biggest-ever graft scandal threatened to resign en masse on Wednesday if a move to gut an anti-corruption bill won approval from legislators as the nation mourns an air disaster. The lower chamber of Congress passed the bill in the early hours of Wednesday morning by 450 votes to 1, with changes that would help shield lawmakers from prosecution and weaken the authority of public prosecutors. The vote came as Brazil grieves for football club Chapecoense following an air crash on Monday night in which 71 people died, including all but three of the team's players and several journalists. |
| U.S. ethics office tweets sarcasm at Trump on business conflicts | | | By Andy Sullivan and Susan Cornwell WASHINGTON (Reuters) - President-elect Donald Trump faced criticism from an unusual source on Wednesday when a buttoned-down U.S. government ethics office issued an apparently sarcastic stream of Twitter messages applauding him for selling off his assets. Trump, in fact, has not said whether he will sell the hotels, golf courses and other businesses that make up his global Trump Organization, as the U.S. Office of Government Ethics subsequently acknowledged. "We told your counsel we'd sing your praises if you divested, we meant it." Trump promised only that he will be "leaving his great business in total" in a series of early morning tweets, one of his most common methods of communicating. |
| Trump to keep Manhattan federal prosecutor Bharara in post | |  By Melissa Fares and Nate Raymond NEW YORK (Reuters) - Preet Bharara, the top federal prosecutor in Manhattan known for pursuing a series of cases targeting public corruption and crime on Wall Street, said on Wednesday he has agreed to remain in his post after Donald Trump becomes U.S. president. Bharara, appointed to his position by Democratic President Barack Obama in 2009, told reporters following a meeting with the Republican president-elect at Trump Tower in Manhattan that Trump asked him to stay on during his administration and he accepted.
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| Ohio State attacker may have been inspired by overseas militants, FBI says | |  A Somali immigrant who injured 11 people in a car and knife attack at Ohio State University may have been inspired by Islamic State and the late al Qaeda-linked cleric Anwar al-Awlaki, an FBI official said on Wednesday. The Islamic State militant group on Tuesday claimed responsibility for the attack at the Columbus campus. The Ohio State attacker, Abdul Razak Ali Artan, a 20-year-old Muslim student at the school and a lawful permanent resident of the United States, ploughed into pedestrians with a car and sprung from the vehicle to stab other victims on Monday.
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| Goldman's Cohn eyed for top Trump budget post - transition official | |  By Steve Holland and Olivia Oran NEW YORK (Reuters) - President-elect Donald Trump is considering Goldman Sachs Group Inc President and Chief Operating Officer Gary Cohn to head the White House budget office or to fill other positions, a Trump transition official said on Wednesday. Cohn, 56, a former Goldman commodities trader who joined the firm in 1990, has been widely considered to be the heir apparent to Chief Executive Officer Lloyd Blankfein. Dow Jones reported earlier on Wednesday that Cohn, who met with Trump on Tuesday, has had discussions about leaving the firm.
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| Police threaten Nickelback music on Canadian drunk drivers | |  If getting charged with impaired driving is not enough, police in a small Canadian town are hoping adding Nickelback music to the punishment will be enough to keep drunk partiers away from the wheel. In a Facebook post over the weekend, Kensington police in the province of Prince Edward Island asked holiday partiers to plan ahead and drink responsibly. Kensington has a population of less than 1,500, For those "dumb enough" to drink and drive, Kensington police had a special message: "When we catch you, and we will catch you, on top of a hefty fine, a criminal charge and a years driving suspension we will also provide you with a bonus gift of playing the offices copy of Nickelback in the cruiser on the way to jail." "Now, now, no need to thank us, we figure if you are foolish enough to get behind the wheel after drinking then a little Chad Kroeger and the boys is the perfect gift for you," the post added.
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| From Ferguson to Hulk Hogan, Sundance documentaries dig into headlines | |  By Piya Sinha-Roy LOS ANGELES (Reuters) - From the uprising of Ferguson, Missouri, citizens after the police killing of an unarmed black man to Hulk Hogan's legal war on media outlet Gawker, documentaries at the 2017 Sundance Film Festival are diving deep into this year's headlines. The 16 films unveiled in the independent film festival's documentary competition on Wednesday will debut during the annual 10-day gathering in Park City, Utah, in January. Four of the documentaries delve into the impact of the Black Lives Matter movement that rose out of high-profile killings of black men by police in various U.S. cities in the past two years, renewing a national debate about racial discrimination in the American criminal justice system.
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| Azerbaijan criminalises defamation of the president online | |  Azerbaijan's parliament on Wednesday made online defamation of the president a criminal offence punishable by imprisonment. With almost all traditional media strictly controlled by the government, social media networks have become outlets for people to voice criticism in a country where the economy has suffered from the global slump in oil prices and a depreciating currency. Azerbaijan criminalised defamation over the internet three years ago, meaning many people now use aliases and covert accounts, but the existing law made no separate mention of the president.
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| Andrade Gutierrez SA agrees to Brazil leniency deal | |  SAO PAULO (Reuters) - Andrade Gutierrez SA, one of Brazil's largest engineering and business groups, on Wednesday signed a leniency deal with a government agency related to a major corruption scandal. Andrade Gutierrez and antitrust watchdog agency Cade said in separate statements the accord is part of an investigation into engineering works carried out across several shanty towns in the city of Rio de Janeiro in recent years. ...
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| Shubert sues to recoup Tiffany fixture stolen in 1976 Broadway heist | | | By Jonathan Stempel NEW YORK (Reuters) - A Tiffany lighting fixture stolen in a still-unsolved 1976 heist from Broadway's Belasco Theatre has turned up in the hands of a Rockland County, New York, woman, and the Shubert Organization, which runs the venue, has sued her to recover it. In a complaint filed late Tuesday in the state Supreme Court in Manhattan, Shubert said it discovered the fixture after Vilma Partridge consigned it for sale by Lillian Nassau, an antiques gallery specializing in works by Louis Comfort Tiffany and Tiffany Studios. |
| Panel urges ouster of 'victim-blaming' judge in Canada rape case | | | Alberta Justice Robin Camp committed misconduct during the 2014 rape trail, relying on "discredited myths and stereotypes about women and victim-blaming," the five-member panel established by the Canadian Judicial Council, which oversees federal judges, said in its unanimous recommendation. The full council will now consider whether to recommend Camp's ouster to Canadian Justice Minister Jody Wilson-Raybould, who in turn would then decide whether to ask Parliament to vote to remove Camp from the bench. Camp made his comments during the 2014 trial of a man accused of raping a 19-year-old woman who said she was sexually assaulted over a bathroom sink during a house party. |
| Contenders, picks for key jobs in Trump's administration | | | (Reuters) - U.S. President-elect Donald Trump announced two additional nominees for his Cabinet on Wednesday, and his transition team said he is holding meetings as he prepares to make high-level appointments. Below are people mentioned as contenders for senior roles as the Trump works to form his administration before taking office on Jan. 20, according to Reuters sources and media reports. See the end of list for posts already filled. ... |
| New York thief grabs pot of gold off armoured truck - police | |  New York police are searching for a green-clad man who swiped an 86-pound (39 kg) pail of gold flakes off an armoured truck two months ago and disappeared with the estimated $1.6 million in treasure. The city's police department late Tuesday released photos and video of the suspect, who was lingering near the truck on the afternoon of Sept. 29 and took advantage of a moment of distraction by its security guards to snatch the five-gallon (19-liter) bucket.
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| Pelosi re-elected to U.S. House Democratic leadership post | |  U.S. House of Representatives Democratic Leader Nancy Pelosi was re-elected to her post on Wednesday despite a challenge from a Rust Belt congressman who said the party needed new leadership after a disappointing showing in elections this month. Pelosi, 76, a Californian who has been in Congress for 30 years and led the party in the House for 14 of them, defeated 43-year-old Tim Ryan, a seven-term representative from the Youngstown area of northeastern Ohio in a 134-63 vote, aides said. U.S. voters elected Republican Donald Trump to the White House and Republicans kept their majorities in the House and Senate in the Nov. 8 elections.
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| Supreme Court orders cinemas to play national anthem | |  By Tommy Wilkes and Suchitra Mohanty NEW DELHI (Reuters) - Cinemas must play the national anthem before screening a film and the audience must stand and listen, the Supreme Court said on Wednesday in a ruling echoing growing nationalist sentiment under Prime Minister Narendra Modi. The court ordered that an image of India's national flag also be displayed on screens during the anthem, and it gave cinemas 10 days to comply, saying its decision would help "instil a sense of committed patriotism and nationalism". "The time has come for people to realise that the national anthem is a symbol of constitutional patriotism." Nationalist fervour surged when Modi's government said in September it had sent troops into territory controlled by bitter rival and neighbour Pakistan to strike at Islamist militants suspected of preparing to attack.
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| HP Enterprise, NXP win Thomson Reuters Foundation anti-slavery awards | |  Hewlett Packard Enterprise Co and NXP Semiconductors NV won Thomson Reuters Foundation's anti-slavery award on Wednesday for efforts to eradicate forced labour from supply chains. Selected from a shortlist of ten companies including Apple and Tesco , the winners of the Foundation awards were announced in London. "The bar has now been raised for businesses all over the world to follow suit," said Monique Villa, chief executive of the Thomson Reuters Foundation.
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| Nigeria joins African Union campaign to end child marriage | | | By Kieran Guilbert DAKAR (Thomson Reuters Foundation) - Women's rights activists on Wednesday urged Nigeria to accelerate efforts to end child marriage after it joined an African Union (AU) campaign to eliminate the practice. Nigeria launched this week a nationwide drive to end child marriage by pushing for policies that protect girls' rights and help the justice system to punish perpetrators, becoming the 16th country to join the AU's campaign. The government made child marriage illegal in 2003, but only two-thirds of the country's 36 states have implemented the law. |
| Women migrants fearing rape take contraceptives before journey - rights groups | | | By Lin Taylor LONDON (Thomson Reuters Foundation) - Women migrants fleeing wars, political instability and poverty are taking contraceptives in the expectation of being raped but are so desperate they still embark on the journey, a human rights group said on Wednesday. Women and girls who risk sexual violence as they flee their home countries are getting contraceptive injections as a precautionary measure, said researcher Hillary Margolis from New York-based Human Rights Watch. "For someone to know that they are at such risk of sexual violence, and yet they are determined to continue on that journey," she told Trust Women, an annual women's rights and trafficking conference hosted by the Thomson Reuters Foundation. |
| India to raise awareness on adoption after 'heinous' baby smuggling racket uncovered | |  By Nita Bhalla NEW DELHI (Thomson Reuters Foundation) - India plans to launch a public awareness drive on adoption procedures to curb the buying and selling of children after the police found stolen babies and infant skeletons during raids on charities, clinics and homes for the mentally ill and elderly. Thirteen babies have been rescued, and the remains of two other infants uncovered, in a series of raids in West Bengal over the last 10 days, as police investigate a suspected international human trafficking racket. Eighteen people, including doctors, midwives, owners of charities and clinics in North 24 Parganas and South 24 Parganas districts have been arrested, suspected of stealing babies from women who delivered at clinics, but told they were stillborn.
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| Sunni tribesmen battling Islamic State demand federalism in Iraq | | | By Michael Georgy SHAYYALAH AL-IMAM, Iraq (Reuters) - As mortar bombs landed ever closer, Sunni tribal fighters preparing to attack Islamic State seemed more preoccupied by the failures of Iraq's political class than the militants trying to kill them. The men - and one woman - from the Lions of the Tigris unit gathered on Wednesday in Shayyalah al-Imam, a village near Mosul, with some of their leaders expressing deep distrust of the politicians and saying Iraq's governance must change once Islamic State is defeated. "Iraq needs serious reforms," said Sheikh Mohammed al-Jibouri, the top commander of the tribesmen. |
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