Finance

Trump’s ex-lawyer Michael Cohen says to reveal president’s ‘skeletons’ in upcoming book

By Karen Freifeld

(Reuters) – Michael Cohen, U.S. President Donald Trump’s former personal lawyer and fixer, on Thursday promised to show how Trump cheated in the 2016 election with Russian help in an upcoming book titled “Disloyal, A Memoir.”

“Trump had cheated in the election, with Russian connivance, as you will discover in these pages, because doing anything — and I mean anything — to ‘win’ has always been his business model and way of life,” Cohen writes in the book’s foreword, which was published online on Thursday.

The 3,700-word foreword does not reveal anything new about Russia’s interference in the 2016 presidential election, and it was not clear if the book would.

Former Special Counsel Robert Mueller last year concluded that Russia waged a major campaign to help Trump to victory in 2016.

Mueller did not find evidence of a criminal conspiracy between Trump’s campaign and Russia, but he

Read More

Michael Cohen previews tell-all Trump book, alleges Russia collusion, other sordid scandals

Michael Cohen is moving forward with his tell-all memoir about President Donald Trump, weeks after a judge ruled that his being sent back to prison was a retaliatory act over the book.

The former attorney and self-described fixer for the president announced on Twitter Thursday that his book, “Disloyal: A Memoir: The True Story of the Former Personal Attorney to President Donald J. Trump,” is now available for pre-order online, where people can also read the book’s foreword.

“The day has finally arrived,” he wrote. “I have waited a long time to share my truth.” 

The memoir will be released Sept. 8 by Skyhorse Publishing. Cohen did not list a publisher for the book and, as of midday Thursday, it was not listed on Amazon.com or Barnes & Noble.com. Skyhorse has a history of taking on books by controversial public figures, including a memoir this spring by Woody Allen that

Read More

A Transforming HBC Pumps Up Management

HBC LP, continuing to transform since turning private last March, has appointed Michael Culhane as chief financial officer, in a string of executive changes disclosed Thursday.

Culhane, who has 30 years experience in finance and accounting primarily in retailing, in September will succeed Ed Record who is stepping down as planned awhile ago. Record was instrumental in completing HBC’s privatization and will remain with HBC through a transition period.

In other key appointments, Vinton Vickers has become managing director, special projects for HBC Properties and Investments, the company’s real estate and investments operating company.

And Stephen Gold, the chief technology officer since May 2018, will also take on the role of chief process improvement officer. Gold and his team will work with each of HBC’s operating companies to identify and implement “transformational” initiatives, which the company cited as robotic process automation, online profitability, returns optimization and fraud Improvements.

The Toronto-based

Read More

South Dakota Governor Kristi Noem among influential Women of the Century from Mount Rushmore State

It takes a strong person to live in South Dakota.

The harsh winters, the isolation of rural parts of the state, and the uncertainty of relying on Mother Nature to provide a livelihood in agriculture are all reasons some may choose to avoid living in the Mount Rushmore State. 

But for those who live here, there’s beauty in the prairie, in the Black Hills, in the serenity of a cold winter day. There’s also ample opportunity to make an impact on the community, and from the state’s inception, South Dakota women have been making their mark.

In August, America marks the 100th anniversary of the 19th Amendment, when women gained the legal right to vote. In commemoration of the occasion, the USA TODAY Network is naming 10 American women from all 50 states and the District of Columbia who’ve made significant contributions to their respective states and country as Women

Read More

The coronavirus pandemic should force a rethink of higher education

Sara Goldrick-Rab is Professor of Sociology and Medicine and Founding Director of the Hope Center for College, Community, and Justice at Temple University. Christine Baker-Smith is Managing Director and Director of Research at the Hope Center.

As the fall season approaches, students and higher education administrators are preparing for a difficult return to college.

With both the coronavirus pandemic and overdue attention to systemic racism confronting the sector, one thing is clear: For many, a new mindset is required to produce positive results for students. 

The American public and a preponderance of legislators think college is still 20 or even 30 years ago. Say “undergraduate” and their minds conjure a rose-colored, movie-constructed utopian scene: Mom and Dad dropping off their son at his new dorm, setting him up to study for a bachelor’s degree fueled by sushi from the dining hall, parties with his friends, perhaps a part-time job at

Read More

Lender announces 30-year home loan under 2%, even as mortgage rates rise

Though mortgage rates have generally been moving higher this week, one of America’s largest home lenders keeps moving things far in the other direction.

United Wholesale Mortgage — the company that recently announced a 15-year fixed-rate mortgage with rates as low as 1.875% — has just unveiled a 30-year fixed-rate loan that starts at just 1.999%.

UWM’s new deal offers potentially huge savings for borrowers.

“Roughly speaking, this means a consumer with a $300,000 home who puts down 10% and refinances from a 3.14% to 1.999% interest rate can save nearly $128,785.56 over the life of the loan,” UWM said, in an email.

But can anybody get a 1.999% mortgage? Is there a catch?

Rates far below the average

Gearstd / Shutterstock

The rate on UWM’s loan is way below this week’s average rate for a 30-year fixed-rate mortgage: 2.96%, according to mortgage company Freddie Mac. Though rates are

Read More

Low Rates, Coronavirus Mar Major Regional Bank Stock Outlook

The Zacks Major Regional Banks industry includes the nation’s largest banks in terms of assets, with most operating globally. Financial performance of these banks largely depends on the nation’s economic health. As the banks are involved in a number of complex financial activities, they are required to meet the stringent regulations set by the Federal Reserve and other agencies.

In addition to traditional banking services, which are the source of interest income, major regional banks provide a wide array of financial services and products to retail, corporate as well as institutional clients, both domestic and global. The services offered include credit and debit cards, wealth management, as well as investment banking, among others. So, a large source of revenues for these banks comprises fees and commission earned from these services.

Prominent names in this industry are Comerica (CMA), Fifth Third Bancorp (FITB), KeyCorp (KEY), M&T Bank (MTB), Northern Trust (NTRS),

Read More

Cash crunch is just another crisis for Rolls-Royce

Rolls-Royce Trent XWB engine - Rolls-Royce
Rolls-Royce Trent XWB engine – Rolls-Royce

In normal times, August should be a boom time for Rolls Royce.

It follows the traditional Farnborough and Paris airshows, staged in alternating summers, when the aviation industry shows off futuristic new technology, seals deals and generally schmoozes. Rolls typically entertains clients on the balcony of its multi-story chalet, allowing the flight displays to steal attention away from the company’s pre-existing problems.

Not this year, however. Covid-19 saw the aerospace jamboree cancelled, replaced by online seminars that did little to draw focus away from the catastrophic collapse in air transport.

Even the more optimistic predictions for the recovery of the airline industry expect it will be at least two years before there is a return to pre-pandemic levels, and that’s just for short-haul flights. 

With its large engines for wide-body jets Rolls is particularly focused on long haul; experts reckon this area of the

Read More

Pandemic delivers first crisis lessons to Southeast Asia’s Grab

By Aradhana Aravindan and Anshuman Daga

SINGAPORE (Reuters) – In the early weeks of the coronavirus outbreak, Anthony Tan, the CEO of Southeast Asia’s biggest ride-hailing firm, recalls how he mistook the infection to be a China-only problem, similar to the Severe Acute Respiratory Syndrome in 2003.

As COVID-19 turned into a pandemic, sending markets into a tailspin, the 38-year-old sought advice from titans among his investors including Softbank’s Masayoshi Son and Microsoft’s Satya Nadella.

The message was clear. No one knew how long the crisis would last or how deep it would be. Tan, who co-founded Grab in 2012 with fellow Harvard Business School alumni Tan Hooi Lin, learnt he had to set thresholds and make decisive moves, even if they were unpopular.

“There’s no more debate, it’s just execution,” he said.

In June, the Singapore-based company laid off around 360 employees, just under 5% of its headcount, after

Read More

As a grim fall approaches, Trump team feels increasingly confident

A pandemic summer marked by testing delays, supply shortages and continued spread of the coronavirus has set the stage for a disheartening start to the fall across much of the U.S., with the shuttering of schools and cancellation of college football seasons that officials had once hoped would herald a return to normalcy more than six months into the crisis.

But inside the White House, Trump’s top political aides are increasingly assured about their response — feeling like they’re finally getting a handle on how to fight the disease.

As the crippling crisis turns toward a third season, an alternate reality is taking shape inside the White House even in the face of spiking case counts, long lags in test processing and a Covid-19 death toll that regularly tops 1,000 Americans a day. Trump aides are growing confident about what they see as measurable progress: new therapeutic measures, delivery of

Read More