Judge denies Elizabeth Holmes’ request to stay out of prison while she appeals fraud conviction
A US District Court judge has ruled that Elizabeth Holmes, founder and CEO of the disgraced blood-testing company Theranos, cannot remain free on bail while she appeals her fraud conviction.
According to court documents filed Monday, Judge Edward Davila ruled that the portion of the conviction that Holmes is appealing is not likely to be overturned. A jury found Holmes guilty in January 2022 of four counts of fraud in connection with her leadership at Theranos. In November, she was sentenced to more than 11 years in prison.
In his latest decision, Davila noted Holmes is challenging her conviction based…
Tupperware could go out of business, here’s why
Tupperware is an American kitchen classic, but the brand recently warned it could soon be out of business.
The reusable containers have been a home cooking staple since 1946 and swept the nation with early trends like Tupperware parties in the ’50s through the ’70s. In recent years, however, they’ve been less popular with younger generations.”
In a regulatory filing earlier this month, Tupperware said it had “substantial doubt about the company’s ability to continue as a going concern.”
“Further,” the company stated in a press release on April 7, “due to the challenging internal and external business economics, coupled…
Food storage brand Tupperware warns it could go out of business
Legendary food storage brand Tupperware has hired advisers to help turn around the company after notifying securities regulators it may have to close up shops.
In a release dated April 7, the Orlando, Florida-based company announced it was seeking to improve its capital structure in order to “remediate its doubts regarding its ability to continue as a going concern.”
That same day, Tupperware issued a going-concern notice after warning it could be heading for a default if its lenders demand payment to maintain access to the company’s main line of credit.
“If such demand for repayment was to occur, the…
Judge: Dominion defamation case against Fox will go to trial – Business News
Fox lawsuit will go to trial
The Canadian Press – March 31, 2023 / 1:50 p.m | Stories: 418963
Photo: The Canadian Press
FILE – A headline about President Donald Trump is displayed outside Fox News studios in New York on Nov. 28, 2018. Documents in defamation lawsuit illustrate the pressures faced by Fox News journalists in the weeks after the 2020 presidential election. The network was on a collision course between giving its conservative audience what it wanted and reporting uncomfortable truths about then-President Donald Trump and his false fraud claims. (AP Photo/Mark Lennihan, Files)
A voting machine company’s…
Italy temporarily blocks ChatGPT over privacy concerns – Business News
Frances D’emilio And Matt O’brien, The Associated Press – March 31, 2023 / 11:41 am | Stories: 418937
Photo: The Canadian Press
FILE – The OpenAI logo is seen on a mobile phone in front of a computer screen displaying output from ChatGPT, on March 21, 2023, in Boston. The Italian government’s privacy watchdog said Friday March 31, 2023 that it is temporarily blocking the artificial intelligence software ChatGPT in the wake of a data breach. (AP Photo/Michael Dwyer, File)
Italy is temporarily blocking the artificial intelligence software ChatGPT in the wake of a data breach as it investigates a…
WestJet pilots to launch strike authorization vote as negotiations fizzle – Business News
Pilots to launch strike vote
The Canadian Press – March 31, 2023 / 10:56 am | Stories: 418925
Photo: The Canadian Press
A passenger walks past WestJet and Air Canada planes at Calgary International Airport in Calgary, Alta., Wednesday, Aug. 31, 2022. The union representing WestJet pilots says it will launch a strike authorization vote Monday as contract talks with management drag on. THE CANADIAN PRESS/Jeff McIntosh
The union representing WestJet pilots says it will launch a strike authorization vote Monday as contract talks with management drag on.
Bernard Lewall, who heads the Air Line Pilots Association’s WestJet contingent, says…
Business confidence in Pakistan at record low
Karachi, April 8 (IANS) Business confidence in Pakistan continued to slide in the first three months of 2023 amid multiple economic crises, according to the latest edition of the Gallup Business Confidence Index.
“Last year’s political instability has carried over to combine with various economic crises and exacerbated business insecurity,” Dawn news quoted the survey as saying.
Wave-9 of the survey is based on interviews with around 520 business owners conducted in the first quarter of 2023 across Pakistan.
The exercise consists of three broad strands, namely the current business situation, the future business situation and the direction of the…
Twitter pulls check mark from main New York Times account – Business News
Photo: The Canadian Press
FILE – The Twitter application is seen on a digital device, April 25, 2022, in San Diego. Twitter has removed the verification check mark on the main account of The New York Times, one of CEO Elon Musk’s most despised news organizations. The removal comes as many of Twitter’s high-profile users are bracing for the loss of the blue check marks that help verify their identity and distinguish them from imposters on the social media platform. (AP Photo/Gregory Bull, Files)
Twitter has removed the verification check mark on the main account of The New York Times,…
