Business

Ivanka Trump Continues To Rake In Millions From Companies She “Resigned” From Since The Election

The New York Times reports: Ivanka Trump or her trust received at least $12.6 million since early 2016 from her various business ventures and has an arrangement to guarantee her at least $1.5 million a year even as she serves in a top White House position, according to her first ethics disclosure made public late Friday. The report was released ...

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ExxonMobil Sues Feds Over $2M Fine Levied For Violating Russian Sanctions When Tillerson Was CEO

Reuters reports: Exxon Mobil Corp sued the U.S. government on Thursday, blasting as “unlawful” and “capricious” a $2 million fine levied against it for a three-year-old oil joint venture with Russia’s Rosneft. The U.S. Treasury Department on Thursday morning slapped the world’s largest publicly traded oil producer with the fine for “reckless disregard” of U.S. sanctions in dealings with Russia ...

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MADE IN AMERICA WEEK: Trump’s Florida Businesses File Visa Requests For Dozens Of Foreign Workers

The Hill reports: President Trump’s Mar-a-Lago resort in Florida filed requests with the government on Thursday to hire 70 temporary foreign workers as cooks, housekeepers and servers at the private club, according to records posted by the Labor Department. The jobs would begin on Oct. 1 and end in May 2018, according to the filings. Those positions would take advantage ...

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Elon Musk Claims He Has “Verbal Govt Approval” To Build Hyperloop System From New York To Washington

CNBC reports: The beleaguered transit system in the Northeast may receive a boost from one of the most ambitious entrepreneurs in the world. Elon Musk tweeted Thursday that The Boring Company received “verbal” government approval to begin building an underground Hyperloop, saying it would take 29 minutes to go from New York to Washington, D.C. Musk did not say whether ...

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Treasury Department Fines ExxonMobil $2 Million For Violating Sanctions On Russia When Tillerson Was CEO

Reuters reports: The U.S. Treasury Department on Thursday said it was fining global oil company ExxonMobil Corp $2 million for violating sanctions on Russia in May 2014. The heads of the company’s U.S. subsidiaries signed eight documents between May 14 and May 23, 2014 with Igor Sechin, the head of Russia’s largest oil producer, Rosneft, Treasury’s Office of Foreign Assets ...

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Ark Encounter Sells Land Under Park To Itself For $10 To Evade Tax To Pay For Police And Fire Protection

The International Business Times reports: The group that owns the theme park Ark Encounter have sold the park to their nonprofit affiliates for 10 dollars to avoid paying taxes, according to a report Monday by the Lexington Herald-Leader. The Christian theme park in Williamstown, Kentucky is owned by creationist Ken Ham and features a life-sized recreation of Noah’s Ark. Ark ...

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DC Chain Trolls Junior With Free “Nothing Burgers”

The Washingtonian reports: Good news for the cynics of the world. You’ve always said that nothing comes free. Well, this Tuesday at Z-Burger, that’s true. The Tenleytown location of the burger chain will offer free “nothing burgers” from 11 AM to 2 PM on July 18. The promotion was inspired by talk of Donald Trump, Jr.‘s email scandal and whether ...

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LIVE VIDEO: Trump Showcases Made In USA Products

UPI reports: President Donald Trump will participate in a “Made in America” product showcase Monday. Trump will examine U.S.-made products from all 50 states at the White House and on the South Lawn, and then will speak Monday afternoon on his administration’s support of U.S. manufacturing companies. The event, scheduled for 3 p.m., is part of “Made in America” week, ...

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Trump Launches “Made In America Week” And MSNBC Points Out Where His Own Stuff Is Made [VIDEO]

Mediaite reports: One of the promotional ploys that the President Donald Trump administration has brought to the nation’s capital has been “theme weeks.” In the past month or so we’ve seen “Infrastructure Week” and “Workforce Development” week, and today marks the first day of President Trump’s “Made in America” week, which is ostensibly a chance to highlight and celebrate American ...

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Delta Hits Back At Ann Coulter After Twitter Tirade

The New York Daily News reports: Delta Airlines has offered conservative firebrand Ann Coulter a $30 refund after she flew into a rage Saturday for being booted from her “extra room seat” on a flight. “@AnnCoulter We’re sorry you did not receive the preferred seat you paid for and will refund your $30,” the airline said in a tweet Sunday ...

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TEXAS: IBM Publishes Full-Page Ads Opposing Anti-Trans “Bathroom Bill” In Advance Of Special Session

The Dallas Morning News reports: IBM is upping the ante in its fight against Texas’ so-called “bathroom bill,” dispatching top executives to Austin and waging an ad war against what it calls the “discriminatory legislation.” Before state lawmakers reconvene Tuesday for a special legislative session, the technology giant is taking out full-page advertisements in The Dallas Morning News, San Antonio ...

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Jeff Bezos On Brink Of Becoming World’s Richest Man

The Guardian reports: Just a few dollars more on the Amazon share price and the world will have a new richest man. Jeff Bezos, the company’s founder, is on the brink of overtaking Bill Gates to become the wealthiest person on the planet. Bezos, 53, has been having a very good year. His net worth has risen by almost $20bn ...

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STUDY: London Has Lost Half Of Its LGBT Venues

NBC News reports: More than half of London’s LGBTQ pubs, clubs and music venues have closed in the last decade, new research commissioned by the city’s mayor shows. The number of venues for gay, lesbian, bisexual, transgender and queer Londoners has fallen to 53 from 125, a loss of nearly 60 percent since 2006, according to an audit by the ...

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QVC Completes Buyout Of Home Shopping Network

CNN Money reports: QVC’s corporate owner is buying longtime rival Home Shopping Network for 105 million easy payments of $19.99. Actually, the deal’s $2.1 billion price tag is being done in stock, not cash, and it encompasses the 61.8% of HSN (HSNI) that Liberty Interactive (QVCA), the owner of QVC, does not already own. “The addition of HSN will enhance ...

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REPORT: Trump Opposes Pending Time Warner Merger With AT&T If Jeff Zucker Remains Head Of CNN

The New York Times reports: White House advisers have discussed a potential point of leverage over their adversary, a senior administration official said: a pending merger between CNN’s parent company, Time Warner, and AT&T. Mr. Trump’s Justice Department will decide whether to approve the merger, and while analysts say there is little to stop the deal from moving forward, the ...

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Hobby Lobby Agrees To Pay $3 Million Federal Fine And Hand Over “Biblical” Antiquities Smuggled From Iraq

NBC News reports:  The arts-and-crafts chain Hobby Lobby will pay $3 million to settle a federal case over smuggled Iraqi antiquities it bought to demonstrate its “passion for the Bible.” The Oklahoma-based retailer also agreed to forfeit thousands of clay artifacts it bought in 2010 — an acquisition that prosecutors said was “fraught with red flags” the company didn’t heed. ...

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SURVEY: It Literally Pays To Like The Gays

Fortune reports: Nearly half of Americans and 64% of those who identify as LGBT allies say they are more likely to spend money with brands that are LGBT inclusive, according to a new survey from Ogilvy. The study found that the opposite was true as well — nearly half of Americans and a majority of allies said they would avoid ...

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DC’s Largest Gay Club Will Close To Become Apartments

The Washington Blade reports: Town Danceboutique announced that it will close for good on July 1, 2018. In a statement released by the venue owners, they announced, “After more than ten years in operation at 2009 8th street NW, in the center of the Shaw neighborhood of Washington, DC, Town Danceboutique, the city’s largest and most well known LGBTQ night ...

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CHINA: Workers At Ivanka Trump’s Shoe Factory Report Beatings, One Worker Bloodied With Stiletto Heel

The Associated Press reports: A worker with blood dripping from his head marked a low point in the tense, grinding life at a southeastern China factory used by Ivanka Trump and other fashion brands. An angry manager had hit him with the sharp end of a high-heeled shoe. Workers from the factory, including one current and two former employees who ...

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GOP Rep. Chris Collins Loses Millions After Stock He Pitched To Colleagues Plummets To Nearly Worthless

The Buffalo News reports: Shares of the Australian biotech firm that Rep. Chris Collins touted to other members of the House and to leading Buffalo-area figures collapsed in value Tuesday after the company announced its once-promising new drug for multiple sclerosis had failed in clinical trials. Innate Immunotherapeutics stock, valued as high as $1.77 a share in January, quickly fell ...

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