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'Uber Eats driver killed in violent 'carjacking''

Distressing video of the moment an Uber Eats driver, was allegedly carjacked, involved in a crash and killed in Washington has been released. Source: Twitter/@Mrtdogg

Latest stories

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  • Elon Musk: Data recovered 'so far' shows Autopilot not enabled in Houston crash

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  • PRESS DIGEST- Financial Times - April 20

    Britain will this week commit to steeper cuts in carbon emissions as it prepares to host the UN's COP26 climate summit later this year, according to people briefed on the plan. - Britain's aviation regulator has authorised West Sussex-based drone company Sees.ai to begin operating regular drone flights beyond the pilot's line of sight at three locations in the country. - Britain on Monday said India will be added to its "red list" of countries, as the country battles a new variant and a surge in coronavirus cases that is overwhelming hospitals.

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  • FRANKLIN WIRELESS ALERT: Bragar Eagel & Squire, P.C. Announces That a Class Action Lawsuit Has Been Filed Against Franklin Wireless Corp. and Encourages Investors to Contact the Firm

    Bragar Eagel & Squire, P.C., a nationally recognized shareholder rights law firm, announces that a class action lawsuit has been filed in the United States District Court for the Southern District of California on behalf of investors that purchased Franklin Wireless Corp. (NASDAQ: FKWL) securities between September 17, 2020 and April 8, 2021, inclusive (the "Class Period"). Investors have until June 15, 2021 to apply to the Court to be appointed as lead plaintiff in the lawsuit.

  • DEADLINE ALERT: Bragar Eagel & Squire, P.C. Reminds Investors That a Class Action Lawsuit Has Been Filed Against Ebix, Inc. and Encourages Investors to Contact the Firm

    NEW YORK, April 19, 2021 (GLOBE NEWSWIRE) -- Bragar Eagel & Squire, P.C., a nationally recognized shareholder rights law firm, reminds investors that a class action lawsuit has been filed in the United States District Court for the Southern District of New York on behalf of investors that purchased Ebix, Inc. (NASDAQ: EBIX) securities between November 9, 2020 and February 19, 2021, inclusive (the “Class Period”). Investors have until April 23, 2021 to apply to the Court to be appointed as lead plaintiff in the lawsuit. Click here to participate in the action. On February 19, 2021, after the market closed, Ebix revealed that its independent auditor, RSM US LLP (“RSM”), resigned “as a result of being unable, despite repeated inquiries, to obtain sufficient appropriate audit evidence that would allow it to evaluate the business purpose of significant unusual transactions that occurred in the fourth quarter of 2020” related to the Company’s gift card business in India. RSM had also stated that there was a material weakness related to Ebix’s failure to design controls “over the gift or prepaid card revenue transaction cycle sufficient to prevent or detect a material misstatement.” In addition, Ebix and RSM disagreed over the accounting treatment of $30 million that had been transferred into a commingled trust account of Ebix’s outside legal counsel in December 2020. On this news, the Company’s share price fell as much as $20.24, or approximately 40%, to close at $30.50 on February 22, 2021. The complaint, filed on February 22, 2021, alleges that throughout the Class Period defendants made materially false and/or misleading statements, as well as failed to disclose material adverse facts about the Company’s business, operations, and prospects. Specifically, defendants failed to disclose to investors: (1) that there was insufficient audit evidence to determine the business purpose of certain significant unusual transactions in Ebix’s gift card business in India during the fourth quarter of 2020; (2) that there was a material weakness in Company’s internal controls over the gift or prepaid revenue transaction cycle; and (3) that the Company’s independent auditor was reasonably likely to resign over disagreements with Ebix regarding $30 million that had been transferred into a commingled trust account of Ebix’s outside legal counsel; and (4) that, as a result of the foregoing, defendants’ positive statements about the Company’s business, operations, and prospects were materially misleading and/or lacked a reasonable basis. If you purchased Ebix securities during the Class Period and suffered a loss, are a long-term stockholder, have information, would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Brandon Walker, Melissa Fortunato, or Marion Passmore by email at investigations@bespc.com, telephone at (212) 355-4648, or by filling out this contact form. There is no cost or obligation to you. About Bragar Eagel & Squire, P.C.:Bragar Eagel & Squire, P.C. is a nationally recognized law firm with offices in New York, California, and South Carolina. The firm represents individual and institutional investors in commercial, securities, derivative, and other complex litigation in state and federal courts across the country. For more information about the firm, please visit www.bespc.com. Attorney advertising. Prior results do not guarantee similar outcomes. Contact Information:Bragar Eagel & Squire, P.C.Brandon Walker, Esq.Melissa Fortunato, Esq.Marion Passmore, Esq.(212) 355-4648investigations@bespc.comwww.bespc.com

  • INTRUSION ALERT: Bragar Eagel & Squire, P.C. Announces That a Class Action Lawsuit Has Been Filed Against Intrusion, Inc. and Encourages Investors to Contact the Firm

    Bragar Eagel & Squire, P.C., a nationally recognized shareholder rights law firm, announces that a class action lawsuit has been filed in the United States District Court for the Eastern District of Texas on behalf of investors that purchased Intrusion, Inc. (NASDAQ: INTZ) securities between January 13, 2021 and April 13, 2021, inclusive (the "Class Period"). Investors have until June 15, 2021 to apply to the Court to be appointed as lead plaintiff in the lawsuit.

  • CREDIT SUISSE ALERT: Bragar Eagel & Squire, P.C. Announces That a Class Action Lawsuit Has Been Filed Against Credit Suisse Group AG and Encourages Investors to Contact the Firm

    Bragar Eagel & Squire, P.C., a nationally recognized shareholder rights law firm, announces that a class action lawsuit has been filed in the United States District Court for the Southern District of New York on behalf of investors that purchased Credit Suisse Group AG (NYSE: CS) American Depositary Reciepts ("ADRs") between October 29, 2020 and March 31, 2021, inclusive (the "Class Period"). Investors have until June 15, 2021 to apply to the Court to be appointed as lead plaintiff in the lawsuit.

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  • Meituan Raises $10 Billion to Fight Alibaba in Grocery Arena

    (Bloomberg) -- Chinese delivery giant Meituan has raised $9.98 billion from the sale of new stock and convertible bonds as it doubles down on efforts to fight the likes of Alibaba Group Holding Ltd. in newer areas such as online groceries.The nation’s third-largest internet company has sold 187 million shares in a top-up placement at HK$273.8 each, near the top end of its marketed range, and also raised $400 million from shareholder Tencent Holdings Ltd., according to terms of the deal obtained by Bloomberg News. The $7 billion new stock issuance is the largest-ever such sale by a Hong Kong-listed company, data compiled by Bloomberg show. Meituan has also sold $2.98 billion in zero-coupon convertible bonds.The price represents a discount of 5.3% to Monday’s closing price. The convertible bonds are divided in two tranches -- $1.48 billion six-year notes and $1.5 billion seven-year paper, the terms showed.The stock and bond sales come as Meituan grapples with the cost of competing against the likes of Alibaba and Pinduoduo Inc. in newer spheres such as community e-commerce and online groceries. The company has warned it will remain in the red for several more quarters despite record revenues as it spends heavily on new initiatives.“It makes sense to raise money to make more of a shift into autonomous delivery, seek to delve into more technology-focused areas especially under the backdrop of the anti-monopoly” drive, said Zhou Luyun, an analyst at Northeast Securities Co. in Shanghai. “The pricing shows that the market buys this blueprint.”Meituan intends to use the proceeds from the offerings for technology innovations, including the research and development of autonomous delivery vehicles, drones delivery, and other cutting-edge technology, and general corporate purposes, the terms showed.READ: Meituan Flags More Losses After Delving Into Hot Commerce Arenas“They are going into new areas including group purchases and those need a lot of capital and they need a war chest to compete,” said Kerry Goh, chief investment officer at Kamet Capital Partners Pte. “Valuations are still pretty decent compared to a year ago.”Community buying is one of Meituan’s chief expansion areas, where buyers in the same neighborhood enjoy bulk discounts on fresh produce. But the firm faces entrenched competition from other Internet giants.All three main ratings agencies lowered their outlook on Meituan after it reported earnings last month, with S&P Global Ratings and Moody’s Investors Service saying that its large investments in community e-commerce would come at a heavy cost, generate negative free cash flow and dampen earnings.Meituan’s focus on developing fast-growing new businesses comes as China’s economic recovery has helped the world’s largest meal-delivery service increase orders, while its hotels and travel businesses have benefited from a rebound in domestic travel when the country reined in the pandemic.The company has begun using self-driving vehicles for grocery delivery in the Chinese capital since the Covid-19 outbreak last year, with at least 15,000 orders being completed so far, Wang Xing, the company’s chief executive officer, told analysts during a conference call in March. Wang said Meituan is also experimenting with how to deliver food using drones in the southern Chinese city of Shenzhen.READ: Meituan Now Has More Cash Than PDD, JD to Fight Rivals: NomuraTencent is delving deeper into Meituan at a time global investors are souring on the Chinese tech sector due to heightened regulatory scrutiny. Meituan has lost some $123 billion of its value since a Feb. 17 high, pummeled by fears that Beijing’s crackdown on Jack Ma’s Internet empire will expand beyond Alibaba and Ant Group Co. to engulf other sector leaders like Tencent and Meituan.“After this placement, some short-term investors could sell the stock and shares could trade in a range of HK$250-HK$300 for a while,” said Paul Pong, managing director at Pegasus Fund Managers Ltd. “In the medium to longer term, online platform operators like Meituan and Tencent still have a solid growth outlook.”Bank of America Corp. and Goldman Sachs Group Inc. are joint global coordinators and joint bookrunners for both the bond and equity offerings. CLSA Ltd. and UBS Group AG are also joint bookrunners for the top-up placement.(Adds another analyst comment in the fifth paragraph.)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.

  • Brazil's economy at crunch time for recovery, inflation adds to risks: Reuters poll

    Brazil's economic recovery is at crunch time for meeting lofty quarterly growth expectations just as a sudden inflation spike adds to worries about the coronavirus pandemic's devastation and unconvincing budget plans, a Reuters poll showed. Part of the recovery is due to President Jair Bolsonaro's opposition to lockdowns, a decision many blame for why Brazil has become the world's epicenter of the pandemic, with a healthcare system on the verge of collapse.

  • Scottie Grants Stock Options

    VANCOUVER, British Columbia, April 19, 2021 (GLOBE NEWSWIRE) -- Scottie Resources Corp. (“Scottie” or the “Company”) (TSXV: SCOT) announces that it has granted 2,100,000 options to acquire common shares to certain directors and officers of the Company. The options are exercisable at a price of $0.25 per share and are valid for a period of five years. ABOUT SCOTTIE RESOURCES CORP. Scottie owns a 100% interest in the high-grade, past-producing Scottie Gold Mine and Bow properties and has the option to purchase a 100% interest in Summit Lake claims which are contiguous with the Scottie Gold Mine property. Scottie also owns 100% interest in the Cambria Project properties and the Sulu property. Scottie Resources holds more than 25,000 ha of mineral claims in the Golden Triangle. The Company’s focus is on expanding the known mineralization around the past-producing mine while advancing near mine high-grade gold targets, with the purpose of delivering a potential resource. All of the Company’s properties are located in the area known as the Golden Triangle of British Columbia which is among the world’s most prolific mineralized districts. Further information on Scottie can be found on the Company’s website at http://www.scottieresources.com and at www.sedar.com, or by contacting Bradley Rourke, President and CEO at (250) 877-9902. Forward Looking Statements This news release may contain forward‐looking statements. Forward looking statements are statements that are not historical facts and are generally, but not always, identified by the words “expects”, “plans”, “anticipates”, “believes”, “intends”, “estimates”, “projects”, “potential” and similar expressions, or that events or conditions “will”, “would”, “may”, “could” or “should” occur. Although the Company believes the expectations expressed in such forward‐looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in forward looking statements. Forward‐looking statements are based on the beliefs, estimates and opinions of the Company’s management on the date such statements were made. The Company expressly disclaims any intention or obligation to update or revise any forward‐looking statements whether as a result of new information, future events or otherwise. Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of TSX Venture Exchange) accepts responsibility for the adequacy of accuracy of this release.

  • Boris Johnson vows to show the European Super League a ‘straight red’

    Boris Johnson has promised football fans he will do everything possible to give the “ludicrous” European Super League a “straight red”. The so-called Big Six of the English Premier League faced a furious backlash after the unveiling of proposals for a breakaway tournament. The Duke of Cambridge – who is the president of the Football Association – was among those who voiced his dismay at the “damage” the plan would do to the national game.

  • Townsend agrees to join Cowboys: report

    Chad Townsend appears set to join North Queensland as the NRL club seek to replace the retired Michael Morgan and Newcastle-bound Jake Clifford.News Corp has reported that the 30-year-old Townsend has verbally agreed to a three-year, $2 million deal with the Cowboys - as they look rebuild their squad after missing out of the finals the past three year and struggling again in 2021.