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The Sphere in Las Vegas reported an operating loss of $98.4 million for the fiscal quarter ending Sept. 30, Sphere Entertainment Co. said this morning on an earnings call. Additionally, the company lost its chief financial officer, as Gautam Ranji has resigned, according to a Securities and Exchange Commission filing. Ranji’s exit was “not a result of any disagreement with the company’s independent auditors or any member of management on any matter of accounting principles or practices, financial statement disclosure or internal controls,” the company said in the filing. The New York Post reported Tuesday that Ranji suddenly quit after...

Earlier, Cuban leader Miguel Díaz-Canel strongly condemned the entry into NATO of new members bordering Russia. "In light of hostile actions by the (NATO) alliance, Cuba is ready to place Russian missiles on its territory, again."

The man who jumped to his death from the 18th floor of the famous 'Jenga' tower in lower Manhattan's Tribeca neighborhood Friday has been identified as a Bed Bath & Beyond executive. Gustavo Arnal, 52, was the Chief Financial Officer of Bed Bath & Beyond, a company that has been going through struggles of late due to high inflation and a sagging economy. The company announced plans to close 150 stores, of its roughly 900, and lay off 20 percent of staff just two days before Arnal's death. He reportedly sold over 42,000 shares in the company, oft-identified as a...

My Red State colleague Bonchie predicted that Trump Organization executive Allen Weisselberg would plead guilty in his tax-evasion trial in New York, and Thursday he did just that. The judge promptly sentenced him to 5 months in jail at Rikers Island and ordered him to pay nearly $2 million in fines and penalties.Many are touting that the big news coming out of this case is that Weisselberg agreed to testify against the Trump Organization in a trial this fall. Notably, he will remain free on bail until that testimony is complete. Never Trumpers are licking their lips—but this is not...

Raytheon Technologies (NYSE:RTX) -2.8% post-market following a Bloomberg report that three senior executives in its missiles division - the CFO, VP of contracts and general counsel - have left the company, citing an internal email. Raytheon faces a U.S. Department of Justice probe into cost reporting and other financial issues involving defense contracts at the missiles division dating back several years, but the Bloomberg report does not specifically say that the departures are related. Raytheon said on its Q4 earnings conference call last month that it had made progress in its internal investigation into the matter, but that it had...

New York prosecutors on Thursday unveiled the first charges in their grand jury investigation into the Trump Organization, charging the former president’s company and its chief financial officer (CFO), Allen Weisselberg, with tax-related crimes. Prosecutors allege a 15-year scheme in which the Trump Organization compensated Weisselberg in a manner that allowed the company and the executive to evade taxes. The defendants deny any wrongdoing and argue that the charges are politically motivated. The allegations stem from a years-long investigation by the Manhattan district attorney’s office that has involved prosecutors obtaining former President Trump’s tax returns. Thursday’s indictment doesn’t charge the...

Harvard Law professor emeritus Alan Dershowitz says he believes federal tax fraud charges filed in New York City against The Trump Organization’s longtime finance chief will end up being dismissed.“You can’t get a city district attorney indicting somebody for failing to pay federal income taxes when the IRS hasn’t even gone after him,” Dershowitz said in a July 3 interview with Newsmax. “One of the charges, a major charge, is grand larceny against the United States government.“That shows the extent to which they are prepared to stretch existing law and the Constitution to give them authority over federal taxes. It’s...

The Trump Organization and CFO Allen Weisselberg are expected to be charged on Thursday “with tax-related crimes stemming from a New York investigation into the former president’s business dealings,” sources tell the Associated Press. The pending charges reportedly involve “non-monetary benefits the company gave to top executives.” Trump’s tax records have been scrutinized for years by Manhattan District Attorney Cyrus Vance Jr., a Democrat. Former Trump advisor Jason Miller responded to the story on Twitter. “This is politically terrible for the Democrats,” Miller said. “They told their crazies and their supplicants in the mainstream media this was about President Trump....

The CFO of the Clinton Foundation, thinking he was “meeting an old professional acquaintance,” admitted to investigators that the charity had widespread problems with governance, accounting and conflicts of interest, and that Bill Clinton has been commingling business and personal expenses for a long time, reports The Hill‘s John Solomon. Clinton Foundation CFO Andrew Kessel made the admissions to investigators from MDA Analytics LLC – a firm run by “accomplished ex-federal criminal investigators,” who have been probing the Clinton Foundation for some time. Kessel told MDA “There is no controlling Bill Clinton. He does whatever he wants and runs up...

Allen Weisselberg, President Trump’s longtime financial gatekeeper, was granted immunity by federal prosecutors for providing information about Michael Cohen in the criminal investigation into hush-money payments for two women during the 2016

On Friday, I addressed new reports that federal officials may be revisiting the Clinton email scandal -- writing that while serious questions remain about some of the curious irregularities surrounding the original investigation (which resulted in no charges), Democrats may have a point when they suggest that President Trump's ostentatious public demands for a new probe of 'Crooked Hillary' call into question the apolitical nature of the DOJ's decisions. Trump's critics are leveling the same accusation over the revelation that the Clinton Foundation is also receiving renewed legal scrutiny. In case you missed it last week, here are the basics...

David Knopf has been appointed chief financial officer at Kraft Heinz at the age of 29. According to Fortune, Knopf is Kraft Heinz's youngest ever CFO. He will be replacing 42-year-old Paulo Basilio, who will stay on at the company as president of U.S. business.

A former executive of a medical device company says a video of him bullying a Chick-fil-A employee has destroyed his career. Adam Smith once earned more than $200,000 a year as the chief financial officer of Tuscon-based Vante. The married father of four is now unemployed and living on food stamps three years after his videotaped rant went viral online. In the video, Smith berates a Chick-fil-A employee for working at a company that supports anti-gay organizations. "Chick-Fil-A is a hateful corporation," Smith said. "I don't know how you live with yourself and work here. I don't understand it. This...

The Detroit Free Press reported on Friday that General Motors failed to initially disclose possible conflicts when it awarded a $600,000 contract to Mother New York, an ad agency with ties to GM's Chief Financial Officer, Dan Ammann. Ammann's wife, Pernilla Ammann, is a partner and Chief Operating Officer at the ad agency. In typical Government Motors' fashion, Ammann dubiously denies having had knowledge of the deal. Before looking at what the money purchased, let's look at the likelihood that Ammann really knew nothing. Honestly, is it likely that a CFO at a major corporation would not know that...

The $50 billion General Motors (GM) bailout was a Democrat Crony Socialist nightmare. The Obama Administration illegally over-rewarded its union friendsand destroyed Republican-enemy auto dealers, to name but two facets of the titanic debacle. We the Taxpayers are still out $30+ billion on the auto bailout. Meanwhile, GM is cutting even more Crony Socialist deals. General Motors told the U.S. Securities and Exchange Commission today that it failed to report a $600,000 deal given to an ad agency where the wife of GM's chief financial officer is a partner. In a filing GM said it had "recently learned about" a...

~EXCERPT~ DETROIT (AP) -- The chief financial officer of General Motors Co., who brought the company through a successful public stock offering and was once considered a candidate for CEO, is resigning as of April 1. In a surprise announcement Thursday, GM said that Chris Liddell, 52, will be replaced by Treasurer Dan Ammann. Liddell has been on the job for just 14 months. During a hastily arranged conference call with reporters, Liddell said he had no job lined up, but doesn't want to be a chief financial officer any longer. He said he had achieved his goals of pulling...

DETROIT - The new chief financial officer at General Motors Co. will receive a salary of $750,000 next year, but he'll get up to another $5.45 million worth of stock starting in 2012 if GM successfully sells shares to the public. Chris Liddell's pay package exceeds the limits imposed on companies that have received U.S. government aid, but an exemption was worked out with the government pay czar Kenneth Feinberg, GM said in a government filing Wednesday.

I just discovered this and since the MSM hasn't picked it up yet I thought I'd break it here. Anyone who knows me here knows that I'm a electric car nut. I've been following Aptera for a while. Aptera Motors is a company in Vista, CA that's making the "google car", the Aptera 2e. It looks like an wheeled iPod and uses almost no energy; the gasoline version gets 130 mpg and the electric version goes 100 miles. But there's trouble in California. Last fall they handed control of the company over to Paul Wilbur. Paul's greatest fame was running...

Facing a credibility crisis with investors, Lehman Brothers Holdings has replaced its president and chief financial officer, showing that the bloodletting on Wall Street is far from over. Lehman chief executive Richard Fuld, the longest-serving head of a major Wall Street firm, removed Joseph Gregory, a life-long friend, as his No2 and demoted Erin Callan, Lehman's finance chief and the highest-ranking woman on Wall Street. Ms Callan had taken over as chief financial officer only in December and quickly assumed a high-profile role, countering Lehman's critics by going on TV and eagerly engaging questions about the firm. But instead of...

Rush Limbaugh sounds off on controversy as many urge boycotts, firing of president An apology by PepsiCo's president who likened the United States to a middle finger is apparently doing little to calm outrage caused by her remarks. In the wake of WorldNetDaily's coverage of Indra Nooyi's commencement speech to graduates at Columbia Business School in which she compared the U.S. to the middle finger with both positive and negative connotations, consumers are vowing to boycott the company, and the topic is being widely discussed on talk radio.