Credit Suisse conviction in 2022 cocaine cash laundering case is overturned

A top Swiss court on Wednesday acquitted Credit Suisse, now part of UBS, of failing to prevent money laundering by a Bulgarian cocaine trafficking gang, overturning a 2022 conviction. The Federal Criminal Court’s original ruling was seen as a test case for the prosecution of banks. It had found an ex-employee of the bank guilty of money-laundering, and Credit Suisse of … Read more

Microsoft facing wide-ranging antitrust probe despite FTC chief’s likely departure

The Federal Trade Commission has opened a broad antitrust investigation into Microsoft, including of its software licensing and cloud computing businesses, a source familiar with the matter said Wednesday. The probe was approved by FTC chair Lina Khan before her likely departure in January, following the presidential election victory of Donald Trump and the expectation he will … Read more

Bond trader at Pasadena firm shunted $600 million to favored portfolios, U.S. claims

Ken Leech, chief investment officer at Western Asset Management unit of Legg Mason Inc., speaks during the UBS CIO Global Forum in 2016. (Bloomberg / Getty Images) At first blush, the U.S. case against star bond trader Ken Leech centers on a quirk in procedures: The former co-chief investment officer for Pasadena-based Western Asset Management … Read more

Review: In ‘Moana 2,’ a groundbreaking Disney hero dreams bigger, venturing into new territory

A scene from the animated movie “Moana 2.” (Disney) Parents of young children should let loose a hearty “chee hoo” upon the Thanksgiving-timed release of “Moana 2.” That’s the long weekend’s entertainment sorted, with a sequel that comes close to the soaring storytelling and exhilarating anthems of the first film, which delighted young audiences eight … Read more

What’s the importance of a supergroup these days? The Hard Quartet really aren’t worried about it

The Hard Quartet is Matt Sweeney, from left, Stephen Malkmus, Jim White and Emmett Kelly. (Jason Armond/Los Angeles Times) Sitting around a North Hollywood rehearsal studio on a recent Wednesday evening, the members of the Hard Quartet are taking a break from prepping for the first concert by this indie-rock supergroup by recounting the first … Read more

James Carville rips young ‘snot-nosed’ progressive staffers for hurting Harris campaign with ‘hissy fit’ over Joe Rogan: ‘Huge f–king error’

Veteran Democratic Party strategist James Carville scorched young progressives in the Harris campaign, arguing that their role in scuttling her interview with Joe Rogan helped cost her the election. A campaign official said earlier this month Vice President Kamala Harris backed out of appearing on “The Joe Rogan Experience” because of “concerns at how the interview would … Read more

Wendy Williams’ guardian countersued by A&E in squabble over ‘incapacitated’ star’s documentary

A+E Networks and Lifetime are countersuing Wendy Williams’ legal guardian, Sabrina E. Morrissey, claiming she only filed a lawsuit over their documentary about the TV host to protect her own interests. “It was only when Morrissey realized that the documentary would question the quality of her own guardianship of [Williams] that Morrissey suddenly decided to … Read more

Hoda Kotb reveals secret sign she’ll give Jenna Bush Hager on TV at 2024 Macy’s Thanksgiving Day Parade

Hoda Kotb and Jenna Bush Hager have a plan in place for the 2024 Macy’s Thanksgiving Day Parade. “Last year, Hoda and I came up with this secret symbol, which was Hoda brushing her teeth with a finger,” Bush Hager, 43, said on the Wednesday episode of “Today With Hoda & Jenna.” Kotb, 60, added that the symbol … Read more

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