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Newspaper
Lawrence Journal World
Location
Lawrence, Kansas, United States of America
Date
Jun 13, 2023
Page
8
The National Federation of Independent Business presents its May small business optimism index based on survey data. After rising in January and February the index fell in March and April, reflecting mixed perceptions of the U.S. economy and business prospects.
Dan Fruchter, chief of the fraud and white-collar crime unit at the U S Attorney's office in the Eastern District of Washington, discusses how billions were stolen or misspent from the government's 4.2 trillion COVID relief program as the public grew weary of legality.
The S&P 500 reached its loftiest level in over a year with a 0.9 percent gain as the Dow rose 189 points and the Nasdaq advanced 1.5 percent. Stocks show strength amid chatter of potential corporate asset sales from TriNet Group and CCF, each cited as considering sales while receiving offers.
Janelle Procope ends a two decade tenure as president and CEO of The Apollo Theater amid a period of growth and renewal. She leaves nearly 80 million dollars raised for a 2025 renovation and expansion, as supporters applaud during The Apollo's Spring Benefit honoring Procope, Sean Combs, and Kareem Abdul Jabbar.
JPMorgan Chase announced a tentative settlement with Jeffrey Epstein’s victims, alleging the bank as Epstein’s financial conduit by providing loans and permitting large cash withdrawals from 1998 to August 2013. The deal, valued at 290 million, awaits judicial approval.
A Portland jury ruled PacifiCorp caused Labor Day 2020 fires, awarding 17 homeowners millions each for emotional distress and damages. Most awards were 4.5 million with some 3 million, and the ruling opens a potential class action covering about 2,500 properties, possibly raising total costs over 1 billion. PacifiCorp plans to appeal.
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