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‘Protracted criminal conduct’: Prosecutor seeks Trump’s taxes, cites probe of business – National

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A Manhattan prosecutor trying to get U.S. President Donald Trump’s tax returns told a judge Monday that he was justified in demanding them, citing public reports of “extensive and protracted criminal conduct at the Trump Organization.”

Trump’s lawyers last month said the grand jury subpoena for the tax returns was issued in bad faith and amounted to harassment of the president.

Read more:
Court rules Trump’s not free from investigations, but tax returns can stay private for now

Manhattan District Attorney Cyrus R. Vance Jr. seeks eight years of the Republican president’s personal and corporate tax records, but has disclosed little about what prompted him to request the records, other than part of the investigation relates to payoffs to women to keep them quiet about alleged affairs with Trump.

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In a court filing Monday, though, attorneys for Vance said Trump’s arguments that the subpoena was too broad stemmed from “the false premise” that the probe was limited to so-called “hush-money” payments.

“This Court is already aware that this assertion is fatally undermined by undisputed information in the public record,” Vance’s lawyers wrote. They said that information confirms the validity of a subpoena seeking evidence related to potentially improper financial transactions by a variety of individuals and entities over a period of years.

They said public reporting demonstrates that at the time the subpoena was issued “there were public allegations of possible criminal activity at Plaintiff’s New York County-based Trump Organization dating back over a decade.”






White House Press Secretary calls Supreme Court decision on Trump taxes “a win” for president


White House Press Secretary calls Supreme Court decision on Trump taxes “a win” for president

“These reports describe transactions involving individual and corporate actors based in New York County, but whose conduct at times extended beyond New York’s borders. This possible criminal activity occurred within the applicable statutes of limitations, particularly if the transactions involved a continuing pattern of conduct,” the lawyers said.

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The lawyers urged Judge Victor Marrero to swiftly reject Trump’s arguments, saying the baseless claims were threatening the investigation. Marrero, who ruled against Trump last year, has scheduled arguments to be fully submitted by mid-August.

“Every day that goes by is another day Plaintiff effectively achieves the ‘temporary absolute immunity’ that was rejected by this Court, the Court of Appeals, and the Supreme Court,” Vance’s lawyers said. “Every such day also increases the prospect of a loss of evidence or the expiration of limitations periods — the precise concerns that the Supreme Court observed justified its rejection of Plaintiff’s immunity claim in the first place.”

Read more:
U.S. Supreme Court expected to rule on whether Trump should release tax records

The Supreme Court last month rejected claims by Trump’s lawyers that the president could not be criminally investigated while he was in office.

Vance’s lawyers said Trump was not entitled to know the scope and nature of the grand jury investigation. But they said information already in the public domain about Trump’s business dealings provided satisfactory support for the subpoena of his tax records.

They cited several newspaper articles, including one in the Washington Post examining allegations that Trump had a practice of sending out financial statements to potential business partners and banks that inflated the worth of his properties by claiming they were bigger or more potentially lucrative than they were.

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Trump’s former personal lawyer, Michael Cohen, described such practices during congressional testimony.






Trump asks Supreme Court to prevent release of his taxes


Trump asks Supreme Court to prevent release of his taxes

Vance sought the tax records in part for a probe of how Cohen arranged during the 2016 presidential race to keep the porn actress Stormy Daniels and model Karen McDougal from airing claims of extramarital affairs with Trump. Trump has denied the affairs.

Cohen is serving the last two years of a three-year prison sentence in home confinement after pleading guilty to campaign finance violations and lying to Congress, among other charges. He said he plans to publish a book critical of the president before the November election.




© 2020 The Canadian Press



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Chamber announces 2020 Business Awards finalists

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Drum roll, please.

 

The Fort Saskatchewan and District Chamber of Commerce (FSDCC) have announced the finalists for the 2020 Business Awards. They are as follows:

 

Customer Service

Fake and Bake Suntan Studios

Fort Dog Fit

Jiffy Lube

The Fort Distillery

 

GRIT Award

Dear Dog Treats

Superior Show Service

Cotton Candy Shoppe

 

Homebased Business of the Year

Sew Help Me

The Furnace Ventilator and Duct Cleaning

Time 4 U Day Spa

 

Inclusion and Diversity

Dow Canada

Fire & Flower

Southfort Day Care

 

Industrial Heartland

Keyera

Heartland Coatings

Multi-Task Industrial

 

2020 Innovation

Fort Saskatchewan Community Hospital Foundation

Safeway

Vivid Vision

 

Marketing

Marble Slab

Millers Ice Cream

Unfussy

 

New Business of the Year

Pita Pit

Tarts N’ Tiques

The Venue by Ken’s Catering

 

Small Business of the Year

Back to Alignment

Farnese Insurance and Registries

Fort Sask Renos

 

Young Entrepreneur

Brenna Bouchard

Megan Lacoursiere

Ashley Rosenow

 

Three of the award categories are new this year. They include 2020 Innovation which is for a business that positively altered their response to COVID-19, Inclusion and Diversity for recognizing and appreciating diversity and the GRIT Award which is given to the entrepreneur that has shown growth, resilience, initiative, and tenacity.

 

Also new, businesses can only be a finalist in one category. 

 

“What I love about that is we’re able to recognize over 30 different businesses and organizations as finalists this year. It’s a great way to share the love and celebration,” said Erin Duncan, events and marketing manager with the FSDCC.

 

There were over 500 nominations this year. 

 

“This year more than ever with COVID, these awards really showcase the support the community has for the businesses, as well as the gratitude the businesses have for the community.”

 

The date for the awards ceremony has yet to be revealed. The chamber said it will be in the fall and they’ll have more details in the next few weeks.

 



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Satellite Manufacturing and Launch Market: COVID-19 Business Continuity Plan | Evolving Opportunities with Airbus SE and Honeywell International Inc. | Technavio

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LONDON–()–The global satellite manufacturing and launch market is expected to grow by USD 3.50 billion as per Technavio. This marks a significant market slow down compared to the 2019 growth estimates due to the impact of the COVID-19 pandemic in the first half of 2020. However, steady growth is expected to continue throughout the forecast period, and the market is expected to grow at a CAGR of over 3%.

For the Right Perspective & Competitive Insights- Request Free Sample Report on Pandemic Recovery Analysis

Read the 120-page report with TOC on “Satellite Manufacturing and Launch Market Analysis Report by Product (Satellite manufacturing and Launch services), Geography (North America, Europe, APAC, South America, and MEA), Application (Communication satellite, Military surveillance, Earth observation satellite, Navigation satellite, and Others), and the Segment Forecasts, 2020-2024”. Gain competitive intelligence about market leaders. Track key industry opportunities, trends, and threats. Information on marketing, brand, strategy and market development, sales, and supply functions. https://www.technavio.com/report/satellite-manufacturing-and-launch-market-industry-analysis

The satellite manufacturing and launch market is driven by the reduction in associative launch cost. In addition, the rising demand for multirole satellites is anticipated to boost the growth of the satellite manufacturing and launch market.

Many companies that offer satellite launch services are increasing their R&D efforts to develop cost-effective launch systems. For instance, Rocket Lab has indigenously developed a rocket called the Electron with a maximum payload capacity of 496 lbs. The rocket has a unique structure and features an innovative jet propulsion cycle to achieve significant cost savings during launches. Besides, the growing competition in the market has compelled several satellite launch services companies to reduce the cost of launching satellites. For example, Arianespace, a part of ArianeGroup, has decided to reduce its satellite launch costs by 40% to compete with SpaceX. Such factors have significantly decreased the launch cost of satellites. This is expected to increase the number of satellite launches during the forecast period, thereby driving the growth of the market.

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View market snapshot before purchasing

Major Five Satellite Manufacturing and Launch Companies:

Airbus SE

Airbus SE operates its business through segments such as Airbus, Helicopter, and Defence and Space. The company offers optical earth observation satellite systems such as S250 optical, S950 optical, and S850 radar among others.

Honeywell International Inc.

Honeywell International Inc. operates its business through segments such as Aerospace, Honeywell Building Technologies, Performance Materials and Technologies, and Safety and Productivity Solutions. The company offers avionics, controls, and semiconductor solutions.

Lockheed Martin Corp.

Lockheed Martin Corp. operates its business through segments such as Aeronautics, Missiles and Fire Control, Rotary and Mission Systems, and Space. The company offers Advanced Extremely High Frequency (AEHF-6) satellite.

Maxar Technologies Inc.

Maxar Technologies Inc. operates its business through segments such as Earth Intelligence and Space Infrastructure. The company manufactures communication and Earth observation satellites such as 1300 Class and Legion Class that offers radar imagery.

Northrop Grumman Corp.

Northrop Grumman Corp. operates its business through segments such as Aerospace Systems, Innovation Systems, Mission Systems, and Technology Services. The company offers GEOStar geostationary Earth orbit (GEO) commercial satellites.

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Technavio’s SUBSCRIPTION platform

Satellite Manufacturing and Launch Market Product Outlook (Revenue, USD Billion, 2020-2024)

  • Satellite manufacturing
  • Launch services

Satellite Manufacturing and Launch Market Geography Outlook (Revenue, USD Billion, 2020-2024)

  • North America
  • Europe
  • APAC
  • South America
  • MEA

Satellite Manufacturing and Launch Market Application Outlook (Revenue, USD Billion, 2020-2024)

  • Communication satellite
  • Military surveillance
  • Earth observation satellite
  • Navigation satellite
  • Others

Are you a start-up willing to make it big in the business? Grab an exclusive Report

Related Reports on Industrials Include:

Global Satellite Propulsion System Market – Global satellite propulsion system market by type (chemical propulsion, hybrid propulsion, and all-electric propulsion) and geography (North America, APAC, Europe, South America, and MEA).

Global Electric Propulsion Satellite Market – Global electric propulsion satellite market by type (hybrid and all-electric) and geography (APAC, Europe, MEA, North America, and South America).

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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Aviva explores sale of another business unit

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Now, Blanc is turning words into action. Aviva already reported on September 11 that it would sell control of its Singapore business for SG$2.7 billion, and is now exploring a potential sale of its French unit, which could be valued at about €3 billion, according to reports from Bloomberg.

Potential interested buyers include competitors like AXA SA or Allianz SE, as well as consolidators like Apollo Global Management Inc.-backed Athora Holding Ltd., sources told Bloomberg. Aviva is reportedly also consulting an advisor about the sale of its Italian non-life insurance business, said the same sources.

Meanwhile, Aviva’s unit in Poland is receiving interest as well, in addition to its joint ventures in Turkey and India, which are likewise seen as potential divestment candidates, said sources.

These divestment moves could bring some much-needed capital to Aviva, generating potentially billions of pounds that the insurer could pass on to shareholders or employ in its core operations in the UK, Ireland, and Canada. This aligns with Blanc’s promises at the half-year results mark, when she stated, “We will focus Aviva on our strongest businesses in the UK, Ireland and Canada and aim to be the UK’s leading insurer.”

“Aviva is in the very early stages of developing its strategy for its continental European and Asian businesses,” Aviva said in a statement. Representatives for Allianz, Athora and AXA declined to comment, according to Bloomberg.

Nonetheless, nothing is set in stone yet for Aviva’s sale in France and there’s no guarantee that the units being reviewed will be sold. The divestment of Aviva’s French unit could be the biggest sale of an insurance operation based in the country in over a decade, data compiled by Bloomberg showed, but potential buyers are worried about liabilities from legacy contracts that permit some Aviva customers to buy a fund at historical prices, leading to instant profits, sources explained.

On a call with analysts in August, Blanc said that Aviva will be selective about where it competes, and in reference to operations outside of its core markets, she noted, “Ultimately, there may be better owners for these businesses than Aviva.”

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