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UNCOVERED: 15 | History Defined

Disgraced former McDonald’s CEO who had relationships with multiple employees is charged by SEC

The Securities and Exchange Commission is charging McDonald’s former CEO Stephen Easterbrook with making false and misleading statements to investors about the circumstances leading to his firing in November 2019

The Independent UK

SEC charges former McDonald's CEO with misleading investors

The Independent UK

SEC charges former McDonald’s CEO with making false statements about termination

The Securities and Exchange Commission Monday charged former McDonald’s CEO Stephen Easterbrook with making “false and misleading statements” to investors for allegedly failing to disclose the extent of his romantic relationships with employees prior to his 2019 termination.

Chicago Tribune

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SEC charges former McDonald’s CEO Easterbrook with making misleading statements about his firing

Easterbrook was ousted for engaging in an inappropriate personal relationship with a McDonald’s employee in violation of company policy.

Chicago Sun-Times

SEC charges former McDonald’s CEO Stephen Easterbrook with making misleading statements about his firing

McDonald’s Corp. was also charged by the SEC but there is no financial penalty because it cooperated in investigation,

Chicago Sun-Times

Ex-Sen. Burr: SEC probe into trading over with 'no action'

Former North Carolina U_S_ Sen_ Richard Burr says the investigation by the Securities and Exchange Commission into investment sales early in the coronavirus pandemic has concluded with “no action.”

The Independent UK

Goldman Sachs economists keep doubling down on their call that we’ll avoid a recession. Their boss disagrees.

What a difference 30% makes. Goldman’s chief economist sees about a one-in-three chance of the economy shrinking, but CEO David Solomon sees it the other way.

Fortune

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Superdry secures £80m refinancing deal as cold weather boosts jacket sales

The Gloucestershire-headquartered clothing retailer reported “record” Black Friday sales for its outerwear

Birmingham Post

Canada targets Abramovich company for Ukraine sanctions seizure

Government plans to seize US$26m from Granite Capital Holdings, owned by sanctioned former Chelsea FC owner

The Guardian - US

1 Auto Stock Hedge Fund Managers Are Buying Right Now

Several hedge funds have increased their position in the Netherlands-based auto company Stellantis (STLA). Some hedge funds have also opened new positions in the stock. Hence, this stock might be a solid addition to your portfolio now. Read on….

StockNews.com

Kwasi Kwarteng 'champagne reception' with bankers missing from published diary

Officials have been asked to explain why the notorious reception - on the night of his disastrous mini-budget - was left off his list of ministerial meetings. As, crucially, was the guest list.

Daily Mirror

Carolina Panthers settle failed practice site for $100M

A federal judge has approved a bankruptcy settlement of about $100 million over Carolina Panthers owner David Tepper’s failed plan to build a practice facility for his NFL team in South Carolina

The Independent UK

The chief investment officer at the world’s biggest hedge fund says we’re headed for a recession that’s ‘double the normal length’—and it has a lot to do with China

“You have this long grind that’s probably a couple years.”

Fortune

Eight finance influencers indicted in $100 million stock manipulation scheme

The promise was simple: Follow them and get rich.

Los Angeles Times

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The Independent UK

US charges 8 in social media 'pump-and-dump' stock scheme

The government has charged eight men of earning more than $100 million in illicit stock market profits by manipulating their novice-investor followers on social media

The Independent UK

NYU names new building after hedge fund leader John Paulson

Ten years after receiving it, New York University publicized a $100 million gift from the hedge fund leader John Paulson

Chicago Tribune

Billionaire Ken Griffin sues IRS over leaked tax records

Multibillionaire Ken Griffin filed a lawsuit against the IRS Tuesday alleging the agency violated his right to privacy after investigative journalism outlet ProPublica reported in April on the tax records of the Republican megadonor and former Chicagoan.

The Guardian - UK

Dartmoor camping ban could hit birdwatchers and climbers, court told

National park argues attempt by landowner to stop people sleeping overnight could restrict other ‘sedentary pursuits’

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The Guardian - UK

Delays to mental health treatment in England ‘putting more children in care’

Association of Directors of Children’s Services says delays mean parents can no longer cope with children’s behaviour

Daily Mirror

'People are striking out of desperation - the Government is to blame for the disruption'

The real-term pay for teachers is down 9% since 2010, while nurses’ has fallen by 8% - this is the the reason why so many people have resorted to industrial action

The Guardian - UK

Legal right to wild camp on Dartmoor never existed, court hears

Lawyers for landowner Alexander Darwall argue camping is not explicitly mentioned in laws

Tribune News Service

Inflation was so bad that it even crushed inflation-linked bonds

As the U.S. economy veered toward the biggest inflation shock in four decades, investors flocked to the one corner of Wall Street that seemed a sure-fire refuge: Treasuries that provide extra compensation to keep up with rising consumer prices.

Axios

Exclusive: Major League Pickleball finalizes 2023 expansion plans

MLP has finalized the format and schedule for 2023, which will see the league double its number of teams and events.

Tribune News Service

BlackRock facing more blowback over ESG as GOP pressure mounts

It’s been a tough couple weeks for BlackRock Inc., the world’s largest money manager, which endured fresh blows from Republican officials sharply critical of ESG.

The Guardian - UK

Wild campers to protest against landowner’s bid to ban Dartmoor camping

High court will rule next week on challenge brought by Alexander Darwall to remove right to wild camp on moor

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