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U.S. jury finds Macau billionaire guilty in U.N. bribery case

28 July[ —]

U.S. jury finds Macau billionaire guilty in U.N. bribery caseA U.S. jury on Thursday found Macau billionaire Ng Lap Seng guilty on charges he bribed two United Nations ambassadors to help him build a multibillion-dollar conference center. Ng, 69, was convicted on all six counts he faced, including bribery, money laundering and corruption, in the U.S. District Court in Manhattan. "In his unbridled pursuit of even greater personal fortune, billionaire Ng Lap Seng corrupted the highest levels of the United Nations," Acting U.S. Attorney Joon Kim said after the verdict.



Honda says Florida crash death may be linked to Takata air bag inflator

28 July[ —]

Honda says Florida crash death may be linked to Takata air bag inflatorThe Japanese automaker said the driver of a 2002 Honda Accord was killed in Holiday, Florida, after the inflator ruptured. Last week, authorities in Australia said the death of a Sydney man earlier this month was likely the result of a faulty Takata airbag inflator. At least 18 deaths and 180 injuries worldwide have been tied to the defect that led Takata Corp to file for bankruptcy protection last month.



U.S. likely to approve Fiat Chrysler's 2017 diesels: sources

28 July[ —]

U.S. likely to approve Fiat Chrysler's 2017 diesels: sourcesU.S. and California regulators are expected to approve Fiat Chrysler Automobiles’ request to sell 2017 diesel vehicles, two sources said on Thursday – a move that may help the Italian-American automaker win approval for a software fix for older diesel models. In May, the Justice Department sued Fiat Chrysler, accusing it of illegally using software to bypass emission controls in 104,000 diesel Jeep Grand Cherokees and Dodge Ram 1500 trucks sold since 2014. The timing of the announcement was in flux as Fiat Chrysler and the California Air Resources Board were still hammering out some final issues, according to the two people briefed on the matter, who could not be identified because the matter was not yet public.



Dutch manufacturer suspends ride that killed 1 at Ohio fair

27 July[ —]

Dutch manufacturer suspends ride that killed 1 at Ohio fairThe notice from KMG International BV came as several states said they had temporarily shut or were further inspecting rides similar to the "Fireball," which police in Columbus, Ohio, said flung the victims into the air on Wednesday after their seats snapped off. "We are currently gathering information on the accident and investigating the cause and circumstances," KMG product manager Albert Kroon said in a statement. Following the death of Tyler Jarrell, 18, in Ohio, at least nine other states, a New Jersey county fair and a Canadian city said they were suspending or reinspecting similar rides.



Long Island cop charged with sexually assaulting arrested woman

27 July[ —]

Long Island cop charged with sexually assaulting arrested womanA Long Island, New York, police officer was released on a $500,000 bond following a court appearance on Thursday after he was charged with forcing a woman he arrested to perform oral sex on him in a police station in March. Suffolk County Officer Christopher McCoy, 38, appeared in federal court on Long Island on Thursday afternoon, charged on one count of violating the woman's civil rights.



Breeding organization official indicted in N.Y. for cockfighting

27 July[ —]

Breeding organization official indicted in N.Y. for cockfightingThe president of a game bird breeding organization was charged in New York federal court on Thursday with raising roosters for cockfighting. Thomas Carrano, 44, who heads up the New York State United Gamefowl Breeders Association, was expected to appear in court on Thursday on one count of conspiring to possess, train and buy roosters for fighting. Law enforcement officials searched Carrano's Rochester farm in May and recovered 104 chickens, including 31 roosters, along with steroids, a rooster sparring dummy and grooming tools.



Ex-Lehman trader loses most of $83 million bonus bid: U.S. appeals court

27 July[ —]

Ex-Lehman trader loses most of $83 million bonus bid: U.S. appeals courtA former star Lehman Brothers Holdings Inc [LEHMB.UL] trader can try to recoup only about $7.7 million of an $83 million bonus he claimed to be owed after the investment bank collapsed in 2008, a federal appeals court ruled on Thursday. The 2nd U.S. Circuit Court of Appeals in Manhattan upheld rulings by two lower court judges that Jonathan Hoffman was not entitled to the entire bonus for 2007 and 2008, on top of another $83 million he was paid by Barclays Plc, which bought much of Lehman's North American banking business.



White House divisions on display with Scaramucci's comments

27 July[ —]

White House divisions on display with Scaramucci's commentsThe rifts inside President Donald Trump's White House were on startling display on Thursday, as his new communications director urged Trump's chief of staff to state publicly that he does not leak information to the media. Anthony Scaramucci, a New York financier who last week became the White House communications chief, also compared his relationship with Trump's chief of staff, Reince Priebus, to a pair of brothers from the Bible, one of whom killed the other. On Thursday, Scaramucci said in an interview with CNN: "When I said we were brothers from the podium, that's because we're rough on each other.



Las Vegas gambler Walters gets five years prison for insider trading

27 July[ —]

Las Vegas gambler Walters gets five years prison for insider tradingFamed Las Vegas sports gambler William "Billy" Walters was sentenced on Thursday to five years in prison, following his April conviction in one of the highest profile U.S. insider trading trials in years. Walters, 71, stood silently as U.S. District Judge Kevin Castel in Manhattan pronounced the sentence. Federal prosecutors said Walters made more than $43 million in profits and avoided losses from 2008 to 2014 based on stock tips mainly about Dean Foods Co from Thomas Davis, a former chairman of the dairy processing company.



New York Governor Cuomo calls on private sector to help fix subways

27 July[ —]

New York Governor Cuomo calls on private sector to help fix subwaysNew York Governor Andrew Cuomo on Thursday called on the private sector to help improve New York City's aging subway system, saying business and civic organizations could each contribute $250,000 to join a "partnership council" and clean up dirty, decrepit areas. Such an approach could open the door to subway stations branded with corporate names.



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