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July 7, 2020
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Reuters - Business

Bernard Madoff fails to win compassionate release from prison

Reuters
NEW YORK (Reuters) – A federal judge on Thursday rejected Bernard Madoff’s request to be released early from prison because he was dying of kidney failure, saying the swindler has never fully accepted responsibility for his massive, decades-long Ponzi scheme. FILE PHOTO: Accused swindler Bernard Madoff exits the Manhattan federal......
Reuters - Business

U.S. sanctions four shipping firms for transporting Venezuelan oil

Reuters
(Reuters) – The U.S. Treasury Department on Tuesday said it had sanctioned four shipping firms for transporting Venezuelan oil, the latest escalation in Washington’s effort to oust socialist President Nicolas Maduro by cutting off the OPEC nation’s crude exports. FILE PHOTO: U.S. Secretary of State Mike Pompeo speaks to the......
Reuters - Business

Macau gambling king Stanley Ho dies aged 98

Reuters
HONG KONG (Reuters) – Macau gambling king Stanley Ho, who built a business empire from scratch in the former Portuguese colony and became one of Asia’s richest men, died peacefully at the age of 98, his family confirmed on Tuesday. The flamboyant tycoon, who loved to dance and advised his......
Reuters - Business

Casino king Stanley Ho: the man who built the gambling hub of Macau

Reuters
HONG KONG (Reuters) – Macau gambling king Stanley Ho, who built a business empire from scratch in the former Portuguese colony and became one of Asia’s richest men, died on Tuesday at the age of 98. FILE PHOTO: Hong Kong tycoon Stanley Ho looks out from the Macau Ferry Terminal......
Reuters - Business

Facebook’s Zuckerberg embraces remote work beyond Silicon Valley

Reuters
SAN FRANCISCO (Reuters) – Facebook Inc (FB.O) will permanently embrace remote work even after coronavirus lockdowns ease, Chief Executive Mark Zuckerberg said on Thursday, accelerating the tech sector’s geographic diversification away from its home in Silicon Valley. Zuckerberg said the world’s largest social network would start “aggressively opening up remote......
Reuters - Business

For Fed Chair Powell, March was pure madness as coronavirus response intensified

Reuters
SAN FRANCISCO/WASHINGTON (Reuters) – A half-hour staff meeting in a secure location. FILE PHOTO: U.S. Federal Reserve Chairman Jerome Powell speaks to reporters after the Federal Reserve cut interest rates in an emergency move designed to shield the world’s largest economy from the impact of the coronavirus, during a news......

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