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UPI

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Business & Lifestyle

Martin Shkreli found guilty of security fraud

NEW YORK CITY (UPI) -- A jury on Friday found Martin Shkreli, the pharmaceutical executive who came under scrutiny for hiking the cost of a drug by 5,000%, guilty on three counts related to securities fraud. The fraud charges are unrelated to the drug price hike, and have to do with a Ponzi scheme he ran between 2009 and 2014 in which he bilked investors out of a total of $11 million. He was found guilty on three out of the eight charges he […]

todayAugust 5, 2017 35

National

West Virginia Gov. Jim Justice ditches Democrats, joins Republicans

CHARLESTON, W.V. (UPI) -- West Virginia Gov. Jim Justice announced he will switch parties, leaving the Democrats and joining the Republicans. "The Democrats walked away from me," Justice said at a rally in Huntington with President Donald Trump in attendance. "Today I will tell you, with lots of prayers and lots of thinking, I can't help you anymore being a Democrat governor. So tomorrow I will be changing my registration to Republican." Speaking at the rally, Trump said Justice's switch was proof that his agenda […]

todayAugust 3, 2017 26

Business & Lifestyle

Maine becomes fourth state to raise tobacco smoking age to 21

AUGUSTA, Maine (UPI) -- Maine will become the fourth state to raise the tobacco smoking age to 21, after lawmakers voted to override the governor's veto that would have kept the age at 18. Gov. Paul R. LePage derided the bill as "social engineering" and argued that if 18-year-old people are old enough to join the military, they should be allowed to smoke. "I'm not going to strap a gun to their shoulder and go fight a war if they can't […]

todayAugust 3, 2017 43

Brexit Watch

Report: Brexit will cause 40,000 investment bankers to leave Britain

LONDON (UPI) -- Britain could lose up to 40,000 investment bankers as a result of Brexit, a new report says. The report from managing consultant group Oliver Wyman says that as Britain prepares to leave the European block by 2019, British bankers working in the European financial system system could move out of London to other European finance hubs. The report states that the European Union "faces a number of broader policy questions about the future structure of the Euro financial system and […]

todayAugust 1, 2017 78

Business & Lifestyle

Ohio State Fair resumes rides after deadly accident

COLUMBUS (UPI) -- The Ohio State Fair said all its rides have passed re-inspection and are back to operating normally after one called "The Fire Ball" malfunctioned and killed an 18-year-old man last week. The Ohio State Fair said normal operations resumed Sunday following the inspections, which were ordered when Tyler Jarrell was killed and seven others were injured -- three critically -- on the Fire Ball last Wednesday. One of the arms of the ride abruptly fell off while the ride was […]

todayAugust 1, 2017 70

Business & Lifestyle

World’s longest suspension bridge opens in Switzerland

RANDA, Switzerland (UPI) -- The world's longest pedestrian suspension bridge opened Sunday in Switzerland, measuring 1,620 feet long and hanging 278 feet in the air. The Europabrücke (Europe Bridge) is also extremely thin, spanning only 25 inches wide. The new bridge, which was built to replace another that had been damaged by rocks, was built with a special cable system to prevent it from swinging, reported the BBC. The bridge provides a shortcut for hikers doing a two-day journey between Zermatt and […]

todayJuly 31, 2017 31

Business & Lifestyle

Ex-Arizona sheriff Joe Arpaio guilty of contempt in immigration stops

PHOENIX (UPI) -- A Federal judge on Monday found Joe Arpaio, a former sheriff in Arizona, guilty of ignoring a judge's order to stop racial profiling in immigration enforcement. U.S. District Judge Susan Bolton said Arpaio is guilty of contempt of court for failing to comply with an order from U.S. District Judge G. Murray Snow in 2011 to stop detaining people based only on the belief that they are in the United States illegally. Arpaio, 85, the Republican sheriff of Maricopa County, […]

todayJuly 31, 2017 25

Entertainment

Anthony Scaramucci out as White House communications chief

Danielle Haynes, United Press International Writer WASHINGTON (UPI) -- Anthony Scaramucci resigned after 10 days as President Donald Trump's communications director to give new chief of staff John Kelly a "clean slate," the White House said Monday. The New York Times first reported the removal and two White House officials confirmed the news to Politico. The office of the White House press secretary issued a statement wishing Scaramucci "all the best." "Anthony Scaramucci will be leaving his role as White House communications director. Mr. Scaramucci felt […]

todayJuly 31, 2017 30

Business & Lifestyle

Charter Communications declines a merger with Sprint

Ed Adamczyk, United Press International Writer STAMFORD, Conn./OVERLAND PARK, Kan. (UPI) -- Charter Communications Inc. ended speculation it would acquire Sprint Corp., announcing it would not seek a merger between media companies. Japanese telecommunications and Internet company SoftBank Group, whose U.S. subsidiaries include Sprint, proposed the deal. It called for a merger of Sprint and Charter, controlled by SoftBank. The new company would then attempt to purchase T-Mobile U.S. Inc., Bloomberg News reported Monday, citing sources close to negotiations. The deal would merge Sprint's wireless […]

todayJuly 31, 2017 26

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