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RICO Claims Must Allege Injury to Business or Property

In Part I of this series Defending RICO Claims in the Business Context, we described why a plan to defend against potential claims under the Racketeer Influenced and Corrupt Organizations Act (RICO), 18 U.S.C. §§ 1961–68, should be in every business’s toolkit. Although the term RICO usually conjures up images of organized crime and mobsters […]

Global stocks push higher as traders assess economic outlook

Global stocks pushed higher on Tuesday, while the dollar declined, as traders moved back into riskier assets after the worst streak of weekly losses for equities since 2008. Wall Street’s S&P 500 index rose 1.5 per cent, even as shares in Walmart — the world’s largest bricks-and-mortar retailer — slid 8 per cent after inflationary […]

The dollar’s rapid rise increases risks for global economy

The writer is president of Queens’ College, Cambridge, and an adviser to Allianz and Gramercy With so much going on in the global economy and financial markets, the dollar’s strong recent appreciation has attracted less attention than what would have been expected given the historical experience. On paper, the appreciation of the currency of the world’s most resilient […]

Ryanair CEO launches expletive-ridden tirade against Boeing

“At the moment we think Boeing management is running around like headless chickens, not able to sell aircraft, and then even the aircraft they deliver, they’re not able to deliver them on time,” said Michael O’Leary, CEO of Ryanair, Europe’s largest discount carrier, which has ordered nearly 400 jets from Boeing since 2010. O’Leary and […]

Crain’s Detroit Business Names Daryl Adams of The Shyft

NOVI, Mich., May 16, 2022 (GLOBE NEWSWIRE) — Crain’s Detroit Business announced today that The Shyft Group President and CEO Daryl Adams has been named a 2022 Notable Leader in EV. This honor is reserved for executives currently supporting the EV industry by adopting, advocating, and implementing electric vehicles and EV platforms such as charging […]

The Fed has a new plan to avoid recession: Party like it’s 1994

New York CNN Business  —  Wide leg jeans, butterfly clips and half-point rate increases: The 1990s are back. Earlier this month Federal Reserve chair Jerome Powell announced a half-percentage-piont increase in interest rates, the largest hike in over two decades. Powell also indicated that he wouldn’t hesitate to do it again — a move straight […]