
U.S. announces plan to buy 3 million barrels for emergency oil reserve
(Reuters) -The U.S. Department of Energy said on Monday it will purchase 3 million barrels of crude oil for the
1970-01-01 08:00

Oakland A's reach agreement for potential stadium site on Las Vegas Strip
The Oakland Athletics have reached an agreement with Bally’s and Gaming & Leisure Properties to build a potential stadium on the Tropicana hotel site along the Las Vegas Strip
1970-01-01 08:00

Martha Stewart lands 'historic' Sports Illustrated Swimsuit cover
Martha Stewart is among the cover models for the 2023 Sports Illustrated Swimsuit issue.
1970-01-01 08:00

Tennis Star Serena Williams, Citi’s Shafir Join Investment-Banking Firm Consello
Consello Group, a newly formed investment banking firm that has been on a hiring spree since forming last
1970-01-01 08:00

PBOC Extends Cash Support in May After Credit Growth Slumped
China’s central bank injected more long-term liquidity into the financial system for the sixth month in a bid
1970-01-01 08:00

Ineos ‘optimistic’ over Man United purchase after increased contact with Raine Group
Sir Jim Ratcliffe has had more extensive contact with Raine Group over the past two weeks than Qatar, creating a positivity within the INEOS bid that they can be the next owners of Manchester United, although it has not yet been communicated who the preferred bidder is. That does leave the way open for a huge Qatar offer that many have long been waiting for, but it would have to be a significant increase on their third-round bid of under £5bn. They would also have to be quick, as it is now expected that an announcement on preferred bidder could come next week. While the nature of this process ultimately comes down to the numbers, there was irritation on the selling side at some of the briefing around the third Sheikh Jassim-led bid, given it was considerably lower than had been anticipated. The Independent has also been told that the Glazers have been giving consideration to the fact any Qatar offer could take six to nine months longer, due to the likelihood that the assessment by the Owners and Directors test would be far longer. The bid comes as the Premier League have sought to tighten regulations on state-linked owners, amid increasing pressure over the subject. The Glazers are also conscious of the fact that, if that happens, and the Qatar deal were to falter, Ratcliffe would be unlikely to come in on a point of principle. As the INEOS group have long pointed out, their offer can lead to a cleaner process. Ratcliffe's group are “optimistic” that, if the takeover process continues smoothly, they would at least have an agreement to buy the club by the summer transfer window. That could leave Erik ten Hag frustrated as regards transfers for next season, given the club would be restricted in what it could do, but with the offset that the future would be much clearer thereafter. Either way, the Glazers' bankers are currently willing to discuss final details with Ratcliffe. The only development that could currently change that is if Qatar come back in with a huge offer, and there is insistence from within the Gulf state they are still in the race. At the same time, discussions with Raine have been minimal, with one source even stating that it was as close as you can get to being “ghosted” in such processes. The prospective takeover of United has been discussed at the top levels of the state, but a number of political issues have complicated the planned purchase, not least the willingness to not be seen to just pay whatever it takes. From the start, Qatar have been insistent they will only buy for the right price. It remains to be seen whether that valuation changes as the possibility of failure looms. Read More What would a Sir Jim Ratcliffe takeover mean for Manchester United Erik ten Hag unsure what funds will be available to strengthen Man Utd’s squad Man Utd fans stage protest against Glazers before and during Aston Villa match
1970-01-01 08:00

Dan Snyder Agrees to Sell Washington Commanders to Josh Harris-Led Group
Dan Snyder has agreed to sell the NFL’s Washington Commanders to a group led by Apollo Global Management
1970-01-01 08:00

Race teams ask NASCAR for ‘meaningful’ talks as their business model dispute skids toward summer
The fight between NASCAR and its teams over a new revenue model led the owners of 16 organizations to send a letter to NASCAR’s board of directors asking for “meaningful dialog” regarding the franchise model system
1970-01-01 08:00

Singapore Extends MAS Chief Menon’s Term For Up to Two Years
Singapore extended the term of its central bank chief Ravi Menon by up to two years. The re-appointment
1970-01-01 08:00

Music Streaming Has a $2 Billion Fraud Problem That Goes Beyond AI
Staring at his computer screen, Kristoffer Rom couldn’t believe the numbers rolling in from Spotify. A year and
1970-01-01 08:00

Favre ends lawsuit after sportscaster McAfee apologizes over 'stealing from poor' remark
Retired NFL quarterback Brett Favre is ending his lawsuit against sportscaster Pat McAfee after McAfee publicly apologized for his previous on-air statements that Favre had been “stealing from poor people in Mississippi” in a welfare misspending case
1970-01-01 08:00

Why Ryan Reynolds, Snoop Dogg, other celebrities want to buy the Ottawa Senators
Multiple celebrities are in the mix for a minority ownership stake in the NHL’s Ottawa Senators
1970-01-01 08:00