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Photo Gallery: Barack Obama

Have this photo gallery of former U.S. president Barack Obama to help brighten up your day! Obama waves as he boards the Air Force One. Obama departs the Air Force One in Tokyo, Japan sometime in 2014 President Barack Obama presents the Medal of Honor to former U.S. Army Sgt. Kyle J. White. Obama with famed U.S. investor and business tycoon Warren Buffett. Obama smiles during an Army-Navy college football game. Obama and wife Michelle dance during a performance at the Washington Convention Center. Obama laughs with kids on the White House Basketball Court. Obama carries a cake into the Oval Office for a birthday party The iconic laugh. Salute Obama and family dog, Bo. Obama plays with his niece Savita. Obama plays Baseball He also plays Football He cracks a shotgun He plays with kids Yet again Obama consoles a woman He looks out of an airplane window He swims with his daughter,

Paul Singer's Elliott Offers To Buy McDonald’s Supplier Aryzta

Paul Singer. Photo credit: World Economic Forum , licensed under CC BY-NC-SA 2.0 Elliott Management, a $40 billion+ hedge fund chaired by the American billionaire investor Paul Singer, has made an offer to acquire Aryzta, which is a Swiss specialty food business focused on frozen bakery products that is a major supplier to the fast-food chain McDonald's. Elliott has proposed to acquire the publicly-traded Aryzta for 0.80 Swiss francs ($1.1) per share, amounting to an aggregate price of about 794 million Swiss francs ($872 million). In a statement , Elliott countered speculations and doubts regarding financing for its proposed Aryzta acquisition and noted that "financing of the potential offer is available and that refinancing arrangements for the Company’s existing debt are at a very advanced stage." In recent years, Aryzta has struggled to stay relevant and has seen its revenue fall by a significant margin. The company's woes were further compounded by the coron

Vox.com Co-Founder Matthew Yglesias Departs

Photo credit: ygurvitz , licensed under CC BY-NC-ND 2.0 Matthew Yglesias, an American journalist who co-founded the popular Vox.com explanatory journalism site, has announced his departure from the site he co-founded six years ago. Yglesias has set up another journalism outlet that's built on the popular Substack platform for subscription content. That outlet is named 'Snow Boring', which Yglesias touts as reclaiming "what I had in my blog days as an independent voice", likely comparing to Vox.com which is known to be left-leaning as concerning American politics. Yglesias's departure comes six years after he co-founded Vox.com under the umbrella of Vox Media, a digital media company that operates other popular brands such as technology news site The Verge , real estate site Curbed , and sports site SB Nation . He co-founded Vox together with journalists Ezra Klein and Melissa Bell after leaving a previous popular outlet, Slate . Yglesias has a storied c

Texas Tech Mogul Charged With $2 Billion Tax Fraud

The US Department of Justice has taken up a landmark case wherein it's charged Robert "Bob" Brockman, a Texas-based tech mogul who owns Reynolds and Reynolds, an automotive technology and software company, with concealing income to the tune of $2 billion from the Internal Revenue Service (IRS) and avoiding required taxes as a result. Brockman has been hit with 39 indictments in what marks as one of the biggest-ever tax fraud cases, consisting of seven counts of tax evasion; six counts of failing to file foreign bank account reports; two counts each of concealment money laundering and tax evasion money laundering; one count each of international concealment money laundering and evidence tampering; and 20 counts of wire fraud. Brockman is alleged to have hidden approximately $2 billion in income over two decades, precisely between 1999-2019, through the use of secret bank accounts in foreign countries. It's alleged that Brockman made use of offshore entities based i

US SEC Doles Out $114M Whistleblower Award

The US Securities and Exchanges Commission (SEC) has announced that it's payed out its largest-ever whistle-blower award to the tune of $114 million to an unnamed individual who provided information to the agency for investigations. The concerned individual was awarded $52 million in connection with an SEC case and another $62 million in connection with related actions to the case that were carried out by an unnamed government agency. The $114 million award marks the largest-ever since the SEC began issuing whistle-blower awards in 2012 and is more than double the previous record of $50 million which was awarded to an individual in June this year. As expected, the SEC protected the identity of the whistle-blower who received the large award. The case that led to the payment is also not disclosed by the SEC. “Today’s milestone award is a testament to the Commission’s commitment to award whistleblowers who provide the agency with high-quality information,” said SEC Chairman Jay Clay

Navy SEALs Rescue Abducted American On Nigerian Soil

Personnel from the US Navy's elite SEAL Team 6 have rescued an American who was abducted from his home in Niger and whisked to the neighboring country of Nigeria, US officials said. The rescue operation was carried out by a group of nearly 30 Navy commandos who parachuted into a remote area in Northern Nigeria where the abductee was tracked to. The operation culminated in a brief firefight that saw six out of seven assailants killed and with no US personnel injured, officials said. The abducted American, by name Philip Walton, is a son of missionaries who lived with his wife and a young daughter on a farm near Masalata, a small Niger village that shares a close border with Nigeria. US officials said Mr. Walton was abducted from his backyard on Monday, the 26th of October, after assailants asked him for money. He offered them $40 and was then abducted by the armed assailants who demanded a ransom of nearly $1 million for his release. On the 31st of October, just after midnight loc

BP Returns To Profit In Third Quarter

Photo credit: JeepersMedia , licensed under CC BY 2.0 Oil giant BP has reported its financial results for the third quarter of this year, showing a net profit of $100 million compared to a steep $6.7 billion loss in the previous quarter and a $2.3 billion profit in the same quarter last year. For the quarter, BP is issuing a dividend of 5.25 cents per share. BP was significantly affected in the earlier months of this year when the coronavirus pandemic hit hard on the oil industry and even led to negative prices of oil futures for the first time in history. Due to that, BP took a big loss of nearly $7 billion during the second quarter of this year, a historic loss for the company. Now with recovering oil prices, BP seems to have stabilized a bit even though its Q3 profit level ($100 million) is a far cry from the company's usual levels. BP is battling a tremulous oil market at a time when the company is also betting big on renewable-energy for future prospects. It's such tha

Elizabeth Holmes' Theranos Trial Set For March 2021

Photo credit: Stuart Isett/Fortune Global Forum, under Creative Commons license The trial of Elizabeth Holmes, the woman famous for founding Theranos, a now defunct medical testing startup that's accused of defrauding investors, has been set on the 9th of March, 2021. Initially set at an earlier date, Holmes' trial was delayed due to the coronavirus pandemic. She's facing 12 fraud charges from federal prosecutors, accused of defrauding investors who poured hundreds of millions of dollars into Theranos. Also facing trial is co-defendant Ramesh "Sunny" Balwani, Theranos's former Chief Operating Officer and President. Expected to be called as witnesses before the trial include prominent individuals such as former U.S. Secretary of Defense James Mattis, former U.S. Secretary of State Henry Kissinger and media mogul Rupert Murdoch, who is known to have lost $125 million from investing in Theranos. Holmes and Balwani each face up to 20 years in prison if

10 Pictures To Make Your Day

Many are called but only a few will get this Monalisa has to make a call Get off your high horse Eat my ***. This one makes for a good reply to some texts. My eyes hath seen many things in the cloud, but never a running man. This one hits hard Ooh...no! We know, you're already copying the number He's really not!!

Quibi's Meg Whitman To Speak At Democratic National Convention

Photo credit: World Economic Forum / Christian Clavadetscher, under Creative Commons license Meg Whitman, the technology industry veteran who's currently the CEO of video streaming app Quibi, has been announced as a speaker for 2020 Democratic National Convention (DNC) that's scheduled to kick off on Monday night. She's scheduled to speak alongside other luminaries including former US first lady Michelle Obama, Senator Bernie Sanders of Vermont, New York Governor Andrew Cuomo, and former Ohio Governor John Kasich. Although a technology industry veteran who made a fortune from leading companies including eBay and HP, Meg Whitman once forayed into politics with a run for the California Governorship position in 2019 that she didn't, however, win. According to records, she spent $144 million of her own money on the failed run. Since then, she's continued to meddle a little bit in politics, doling out tens of thousands of dollars to support politicians on both th

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