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Lyncia
Lyncia
·
2021-08-09
Great
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Lyncia
Lyncia
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2021-07-25
Oh no
Tencent was ordered to remove the exclusive copyright of online music
The China market supervision administration made an administrative punishment decision according to
Tencent was ordered to remove the exclusive copyright of online music
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Lyncia
Lyncia
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2021-07-24
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Lyncia
Lyncia
·
2021-07-24
[Cool]
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Lyncia
Lyncia
·
2021-07-23
[Cool]
Asian Markets Mostly Lower Cautious Trade
Asian stock markets are trading mostly lower on Friday, ignoring the positive cues overnight from Wa
Asian Markets Mostly Lower Cautious Trade
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Lyncia
Lyncia
·
2021-07-22
Ok
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Lyncia
Lyncia
·
2021-07-20
[Miser]
Comcast CEO Brian Roberts and ViacomCBS Chairman Shari Redstone Met to Discuss Streaming Partnership
Late June meeting also included ViacomCBS CEO Robert Bakish; focused on potential to join forces in
Comcast CEO Brian Roberts and ViacomCBS Chairman Shari Redstone Met to Discuss Streaming Partnership
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Lyncia
Lyncia
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2021-07-19
[Anger]
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Lyncia
Lyncia
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2021-07-18
Right
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Lyncia
Lyncia
·
2021-07-18
Great
Wall Street Crime And Punishment: Thomas F. Quinn's Mad, Mad, Mad, Mad World
Does crime pay? In August 1988, French authorities arrested an American expatriate named Thomas F. Q
Wall Street Crime And Punishment: Thomas F. Quinn's Mad, Mad, Mad, Mad World
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no","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/177024363","repostId":"1151500518","repostType":4,"repost":{"id":"1151500518","kind":"news","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1627092269,"share":"https://www.laohu8.com/m/news/1151500518?lang=&edition=full","pubTime":"2021-07-24 10:04","market":"us","language":"en","title":"Tencent was ordered to remove the exclusive copyright of online music","url":"https://stock-news.laohu8.com/highlight/detail?id=1151500518","media":"Tiger Newspress","summary":"The China market supervision administration made an administrative punishment decision according to ","content":"<p>The China market supervision administration made an administrative punishment decision according to law, ordering Tencent and its affiliated companies to take measures to restore the state of market competition, such as canceling the exclusive music copyright within 30 days, stopping the payment of copyright fees such as high prepayment, and not requiring the upstream copyright party to give conditions superior to its competitors without justified reasons. Tencent will report the performance of its obligations to the State Administration of market supervision every year within three years, and the State Administration of market supervision will strictly supervise its implementation according to law.</p>\n<p>This case is the first case in which necessary measures have been taken to restore the state of market competition for the illegal implementation of business concentration since the implementation of China's anti-monopoly law.</p>\n<p>Tencent responded that the company will seriously abide by the decision, strictly implement the regulatory requirements, operate in accordance with the law, earnestly fulfill its social responsibility and maintain benign competition in the market. 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Tencent will report the performance of its obligations to the State Administration of market supervision every year within three years, and the State Administration of market supervision will strictly supervise its implementation according to law.</p>\n<p>This case is the first case in which necessary measures have been taken to restore the state of market competition for the illegal implementation of business concentration since the implementation of China's anti-monopoly law.</p>\n<p>Tencent responded that the company will seriously abide by the decision, strictly implement the regulatory requirements, operate in accordance with the law, earnestly fulfill its social responsibility and maintain benign competition in the market. Tencent will take full responsibility, formulate rectification measures and plans with Tencent music and other affiliated companies within the specified time limit, and complete them completely in accordance with the requirements of the punishment decision to ensure that the rectification is in place.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TME":"腾讯音乐","00700":"腾讯控股"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1151500518","content_text":"The China market supervision administration made an administrative punishment decision according to law, ordering Tencent and its affiliated companies to take measures to restore the state of market competition, such as canceling the exclusive music copyright within 30 days, stopping the payment of copyright fees such as high prepayment, and not requiring the upstream copyright party to give conditions superior to its competitors without justified reasons. Tencent will report the performance of its obligations to the State Administration of market supervision every year within three years, and the State Administration of market supervision will strictly supervise its implementation according to law.\nThis case is the first case in which necessary measures have been taken to restore the state of market competition for the illegal implementation of business concentration since the implementation of China's anti-monopoly law.\nTencent responded that the company will seriously abide by the decision, strictly implement the regulatory requirements, operate in accordance with the law, earnestly fulfill its social responsibility and maintain benign competition in the market. Tencent will take full responsibility, formulate rectification measures and plans with Tencent music and other affiliated companies within the specified time limit, and complete them completely in accordance with the requirements of the punishment decision to ensure that the rectification is in place.","news_type":1},"isVote":1,"tweetType":1,"viewCount":402,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":174148767,"gmtCreate":1627087921559,"gmtModify":1631888757138,"author":{"id":"3573731744796242","authorId":"3573731744796242","name":"Lyncia","avatar":"https://static.tigerbbs.com/49f028b5d2bdd6033e8767d4ec0ff621","crmLevel":8,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3573731744796242","authorIdStr":"3573731744796242"},"themes":[],"htmlText":"Great","listText":"Great","text":"Great","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/174148767","repostId":"2153983997","repostType":4,"isVote":1,"tweetType":1,"viewCount":590,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":174148882,"gmtCreate":1627087898746,"gmtModify":1631888757141,"author":{"id":"3573731744796242","authorId":"3573731744796242","name":"Lyncia","avatar":"https://static.tigerbbs.com/49f028b5d2bdd6033e8767d4ec0ff621","crmLevel":8,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3573731744796242","authorIdStr":"3573731744796242"},"themes":[],"htmlText":"[Cool] ","listText":"[Cool] ","text":"[Cool]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/174148882","repostId":"2153980423","repostType":4,"isVote":1,"tweetType":1,"viewCount":612,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":175118123,"gmtCreate":1627013271562,"gmtModify":1631888757146,"author":{"id":"3573731744796242","authorId":"3573731744796242","name":"Lyncia","avatar":"https://static.tigerbbs.com/49f028b5d2bdd6033e8767d4ec0ff621","crmLevel":8,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3573731744796242","authorIdStr":"3573731744796242"},"themes":[],"htmlText":"[Cool] ","listText":"[Cool] ","text":"[Cool]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/175118123","repostId":"1191333381","repostType":4,"repost":{"id":"1191333381","kind":"news","pubTimestamp":1627012258,"share":"https://www.laohu8.com/m/news/1191333381?lang=&edition=full","pubTime":"2021-07-23 11:50","market":"uk","language":"en","title":"Asian Markets Mostly Lower Cautious Trade","url":"https://stock-news.laohu8.com/highlight/detail?id=1191333381","media":"RTTNews","summary":"Asian stock markets are trading mostly lower on Friday, ignoring the positive cues overnight from Wa","content":"<p>Asian stock markets are trading mostly lower on Friday, ignoring the positive cues overnight from Wall Street, as lingering worries over rising spread of the delta variant of the coronavirus in several parts across the world rendered the mood cautious. The markets are supported mainly by crude oil prices as they continue to recover from the recent selling-off. Asian markets ended mostly higher on Thursday.</p>\n<p>Australian stock market is slightly higher after early losses on Friday, extending the gains in the previous two sessions, with the benchmark S&P/ASX 200 staying just below the 7,400 level, following the positive cues overnight from Wall Street. Traders also remain concerned amid the rapid spread of the highly contagiouscoronavirusvariants in four states and some regional areas, with lockdowns in three of the country's major cities limiting economic activity.</p>\n<p>The benchmark S&P/ASX 200 Index is gaining 9.80 points or 0.13 percent to 7,396.20, after hitting a low of 7,357.00 earlier. The broader All Ordinaries Index is up 14.50 points or 0.19 percent to 7,673.40. Australian markets ended modestly higher on Thursday.</p>\n<p>Among major miners, <a href=\"https://laohu8.com/S/BHP\">BHP Billiton</a> is edging down 0.2 percent, while <a href=\"https://laohu8.com/S/RIO\">Rio Tinto PLC</a> and <a href=\"https://laohu8.com/S/OZMLF\">OZ Minerals Ltd.</a> are losing 0.5 percent each. <a href=\"https://laohu8.com/S/MALRF\">Mineral Resources Ltd.</a> is edging up 0.4 percent. <a href=\"https://laohu8.com/S/FSUGY\">Fortescue Metals Group Ltd</a> is flat.</p>\n<p>Oil stocks are mixed. Oil Search is losing more than 1 percent, while <a href=\"https://laohu8.com/S/WOPEF\">Woodside Petroleum Ltd.</a> and Beach energy are edging down 0.4 percent each. Santos is down almost 2 percent, while Origin Energy is edging up 0.2 percent.</p>\n<p>Among tech stocks, <a href=\"https://laohu8.com/S/XRO.AU\">Xero</a> is gaining almost 2 percent, <a href=\"https://laohu8.com/S/WIGBY\">Wisetech Global</a> is adding almost 1 percent and Appen is up more than 2 percent. Afterpay is rising almost 3 percent.</p>\n<p>Shares in <a href=\"https://laohu8.com/S/Z1P.AU\">Zip</a> are gaining more than 3 percent after reports that the buy now, pay later (BNPL) firm is looking to provide users a chance to trade in cryptocurrencies as it braces for competition from <a href=\"https://laohu8.com/S/AAPL\">Apple</a> and <a href=\"https://laohu8.com/S/PYPL\">PayPal</a>.</p>\n<p>Among the big four banks, National Australia Bank, Commonwealth Bank, ANZ Banking and Westpac are all losing almost 1 percent each.</p>\n<p>Gold miners are mostly lower. Newcrest Mining is edging down 0.1 percent, while Resolute Mining and Gold Road Resources are down more than 2 percent each. <a href=\"https://laohu8.com/S/NST.AU\">Northern Star Resources</a> is losing almost 5 percent, while <a href=\"https://laohu8.com/S/EVN.AU\">Evolution Mining</a> is gaining more than 4 percent.</p>\n<p>In other news, Australian casino operator <a href=\"https://laohu8.com/S/SGR.AU\">Star Entertainment</a> Group has withdrawn a $9 billion merger proposal with beleaguered rival Crown Resorts, on fears that it could lose the main licence to operate its Melbourne casino. Crown Resorts stock is down more than 2 percent.</p>\n<p>In economic news, the services sector in Australia fell hard into contraction territory in July, the latest survey from <a href=\"https://laohu8.com/S/MRKT\">Markit</a> Economics revealed on Friday with a 14-month low services PMI score of 44.2. That's down sharply from 56.8 in June and it moves well beneath the boom-or-bust line of 50 that separates expansion from contraction. The survey also showed that Australia's manufacturing PMI fell from 58.6 in June to 56.8 in July. The composite PMI slumped to 45.2 from 56.7 in the previous month.</p>\n<p>In the currency market, the Aussie dollar is trading at $0.738 on Friday.</p>\n<p>The Japanese stock market is closed for a long weekend on Thursday and Friday for public holidays, with the Tokyo 2020 Olympics opening ceremony on Friday. Japanese shares ended significantly higher on Wednesday.</p>\n<p>In the currency market, the U.S. dollar is trading in the lower 110 yen-range on Friday.</p>\n<p>Elsewhere in Asia, Hong Kong is losing 1 percent, while New Zealand, Indonesia, Malaysia, China and Singapore are all lower by between 0.1 and 0.5 percent each. South Korea is bucking the trend and is up 0.2 percent, while Taiwan is relatively flat.</p>\n<p>On Wall Street, stocks showed a lack of direction over much of the trading day on Thursday before ending the session modestly higher. With the uptick on the day, the major averages extended the rebound seen over the two previous sessions.</p>\n<p>The major averages all finished the day in positive territory but off their highs of the session. The Dow inched up 25.35 points or 0.1 percent to 34,823.35, the Nasdaq rose 52.64 points or 0.4 percent to 14,684.60 and the S&P 500 edged up 8.79 points or 0.2 percent to 4,367.48.</p>\n<p>Meanwhile, the major European markets turned in a mixed performance on the day. While the U.K.'s FTSE 100 Index fell by 0.4 percent, the French CAC 40 Index edged up by 0.3 percent and the German DAX Index climbed by 0.6 percent.</p>\n<p>Crude oil futures settled higher on Thursday, gaining for a third successive day, thanks to reports showing strong gasoline demand and a rebound in distillate fuels. West Texas Intermediate crude oil futures for September ended up $1.61 or 2.3 percent at $71.91 a barrel.</p>","source":"lsy1626938412129","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Asian Markets Mostly Lower Cautious Trade</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAsian Markets Mostly Lower Cautious Trade\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-07-23 11:50 GMT+8 <a href=https://www.rttnews.com/3211307/asian-markets-mostly-lower-cautious-trade.aspx><strong>RTTNews</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Asian stock markets are trading mostly lower on Friday, ignoring the positive cues overnight from Wall Street, as lingering worries over rising spread of the delta variant of the coronavirus in ...</p>\n\n<a href=\"https://www.rttnews.com/3211307/asian-markets-mostly-lower-cautious-trade.aspx\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"RIO":"力拓","WOPEF":"Woodside Energy Group Ltd.","PYPL":"PayPal","BHP":"必和必拓公司",".UKX.UK":"富时100指数","WIGBY":"Wisetech Global","AAPL":"苹果","MALRF":"Mineral Resources Ltd."},"source_url":"https://www.rttnews.com/3211307/asian-markets-mostly-lower-cautious-trade.aspx","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1191333381","content_text":"Asian stock markets are trading mostly lower on Friday, ignoring the positive cues overnight from Wall Street, as lingering worries over rising spread of the delta variant of the coronavirus in several parts across the world rendered the mood cautious. The markets are supported mainly by crude oil prices as they continue to recover from the recent selling-off. Asian markets ended mostly higher on Thursday.\nAustralian stock market is slightly higher after early losses on Friday, extending the gains in the previous two sessions, with the benchmark S&P/ASX 200 staying just below the 7,400 level, following the positive cues overnight from Wall Street. Traders also remain concerned amid the rapid spread of the highly contagiouscoronavirusvariants in four states and some regional areas, with lockdowns in three of the country's major cities limiting economic activity.\nThe benchmark S&P/ASX 200 Index is gaining 9.80 points or 0.13 percent to 7,396.20, after hitting a low of 7,357.00 earlier. The broader All Ordinaries Index is up 14.50 points or 0.19 percent to 7,673.40. Australian markets ended modestly higher on Thursday.\nAmong major miners, BHP Billiton is edging down 0.2 percent, while Rio Tinto PLC and OZ Minerals Ltd. are losing 0.5 percent each. Mineral Resources Ltd. is edging up 0.4 percent. Fortescue Metals Group Ltd is flat.\nOil stocks are mixed. Oil Search is losing more than 1 percent, while Woodside Petroleum Ltd. and Beach energy are edging down 0.4 percent each. Santos is down almost 2 percent, while Origin Energy is edging up 0.2 percent.\nAmong tech stocks, Xero is gaining almost 2 percent, Wisetech Global is adding almost 1 percent and Appen is up more than 2 percent. Afterpay is rising almost 3 percent.\nShares in Zip are gaining more than 3 percent after reports that the buy now, pay later (BNPL) firm is looking to provide users a chance to trade in cryptocurrencies as it braces for competition from Apple and PayPal.\nAmong the big four banks, National Australia Bank, Commonwealth Bank, ANZ Banking and Westpac are all losing almost 1 percent each.\nGold miners are mostly lower. Newcrest Mining is edging down 0.1 percent, while Resolute Mining and Gold Road Resources are down more than 2 percent each. Northern Star Resources is losing almost 5 percent, while Evolution Mining is gaining more than 4 percent.\nIn other news, Australian casino operator Star Entertainment Group has withdrawn a $9 billion merger proposal with beleaguered rival Crown Resorts, on fears that it could lose the main licence to operate its Melbourne casino. Crown Resorts stock is down more than 2 percent.\nIn economic news, the services sector in Australia fell hard into contraction territory in July, the latest survey from Markit Economics revealed on Friday with a 14-month low services PMI score of 44.2. That's down sharply from 56.8 in June and it moves well beneath the boom-or-bust line of 50 that separates expansion from contraction. The survey also showed that Australia's manufacturing PMI fell from 58.6 in June to 56.8 in July. The composite PMI slumped to 45.2 from 56.7 in the previous month.\nIn the currency market, the Aussie dollar is trading at $0.738 on Friday.\nThe Japanese stock market is closed for a long weekend on Thursday and Friday for public holidays, with the Tokyo 2020 Olympics opening ceremony on Friday. Japanese shares ended significantly higher on Wednesday.\nIn the currency market, the U.S. dollar is trading in the lower 110 yen-range on Friday.\nElsewhere in Asia, Hong Kong is losing 1 percent, while New Zealand, Indonesia, Malaysia, China and Singapore are all lower by between 0.1 and 0.5 percent each. South Korea is bucking the trend and is up 0.2 percent, while Taiwan is relatively flat.\nOn Wall Street, stocks showed a lack of direction over much of the trading day on Thursday before ending the session modestly higher. With the uptick on the day, the major averages extended the rebound seen over the two previous sessions.\nThe major averages all finished the day in positive territory but off their highs of the session. The Dow inched up 25.35 points or 0.1 percent to 34,823.35, the Nasdaq rose 52.64 points or 0.4 percent to 14,684.60 and the S&P 500 edged up 8.79 points or 0.2 percent to 4,367.48.\nMeanwhile, the major European markets turned in a mixed performance on the day. While the U.K.'s FTSE 100 Index fell by 0.4 percent, the French CAC 40 Index edged up by 0.3 percent and the German DAX Index climbed by 0.6 percent.\nCrude oil futures settled higher on Thursday, gaining for a third successive day, thanks to reports showing strong gasoline demand and a rebound in distillate fuels. West Texas Intermediate crude oil futures for September ended up $1.61 or 2.3 percent at $71.91 a barrel.","news_type":1},"isVote":1,"tweetType":1,"viewCount":551,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":176533269,"gmtCreate":1626906128451,"gmtModify":1631888757150,"author":{"id":"3573731744796242","authorId":"3573731744796242","name":"Lyncia","avatar":"https://static.tigerbbs.com/49f028b5d2bdd6033e8767d4ec0ff621","crmLevel":8,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3573731744796242","authorIdStr":"3573731744796242"},"themes":[],"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/176533269","repostId":"1160000763","repostType":4,"isVote":1,"tweetType":1,"viewCount":588,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":178984542,"gmtCreate":1626781979286,"gmtModify":1631888757155,"author":{"id":"3573731744796242","authorId":"3573731744796242","name":"Lyncia","avatar":"https://static.tigerbbs.com/49f028b5d2bdd6033e8767d4ec0ff621","crmLevel":8,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3573731744796242","authorIdStr":"3573731744796242"},"themes":[],"htmlText":"[Miser] ","listText":"[Miser] ","text":"[Miser]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/178984542","repostId":"1107114581","repostType":4,"repost":{"id":"1107114581","kind":"news","pubTimestamp":1626781341,"share":"https://www.laohu8.com/m/news/1107114581?lang=&edition=full","pubTime":"2021-07-20 19:42","market":"us","language":"en","title":"Comcast CEO Brian Roberts and ViacomCBS Chairman Shari Redstone Met to Discuss Streaming Partnership","url":"https://stock-news.laohu8.com/highlight/detail?id=1107114581","media":"The Wall Street Journal","summary":"Late June meeting also included ViacomCBS CEO Robert Bakish; focused on potential to join forces in ","content":"<blockquote>\n Late June meeting also included ViacomCBS CEO Robert Bakish; focused on potential to join forces in international markets.\n</blockquote>\n<p>Comcast Corp.Chief Executive Brian Roberts met withViacomCBSInc.Chairman Shari Redstone in recent weeks to discuss a potential streaming partnership for international markets, according to people familiar with the matter, a sign the media companies see opportunities to join forces.</p>\n<p>During the meeting, which was held around the end of June in New York, and which also included ViacomCBS CEO Robert Bakish, the executives discussed a variety of possible business partnerships that would allow the companies to enter non-U.S. markets together, the people said.</p>\n<p>The partnership talks come as both Comcast and ViacomCBS are preparing to expand their streaming services in international markets.</p>\n<p>In May, ViacomCBS said its Paramount+ service would be available in 45 markets by 2022. In April, Mr. Roberts said that Comcast was looking to strike partnerships with local programmers and distributors in overseas markets to boost Peacock, the service launched by its NBCUniversal division. Comcast’s Sky <a href=\"https://laohu8.com/S/PLC\">PLC</a> unit in Europe also has a streaming operation.</p>\n<p>Media companies across the industry are looking for ways to bolster their streaming services to better compete with giants such asNetflixInc.andWalt DisneyCo.’s Disney+. Bundling services together through commercial partnerships is <a href=\"https://laohu8.com/S/AONE.U\">one</a> option.</p>\n<p>Some companies have chosen to strike mergers.Amazon.comInc.in May agreed to buy Hollywood studio MGM, andAT&TInc.isspinning off WarnerMedia, home to HBO Max, into a venture withDiscoveryInc.</p>\n<p>Some analysts on Wall Street view Comcast and Viacom aspotential candidates for a mergerat some point. Mr. Roberts has been scoping out potential acquisition targets for Comcast, including ViacomCBS, but has told people close to him hedoesn’t feel the need to seek a merger, The Wall Street Journal reported.</p>\n<p>At an investor event in late May, Comcast Chief Financial Officer Mike Cavanagh said, “We like the hand we have and M&A is not an answer…but we’ll obviously do what’s right for shareholders as time passes.”</p>\n<p>Ms. Redstone, whose National Amusements Inc. has a roughly 80% voting stake in ViacomCBS, is open to a deal if a suitor comes along with a compelling offer, people close to her say. There would be potential roadblocks to a deal between Comcast and Viacom, including the possibility of pushback from regulators in Washington, analysts say.</p>\n<p>A commercial partnership could offer some of the benefits of a merger. Tech publication the Information earlier reported that Comcast and ViacomCBS were in contact aboutlaunching in some international markets.</p>\n<p>Both Comcast and Viacom were relatively late to the streaming arena and now are trying to make headway both in the U.S. and abroad.</p>\n<p>NBCUniversal’s Peacock service has built a sizable audience for ad-supported programming but is trying to grow its subscription business substantially, people close to the company say. Comcast said in late April that Peacock had 42 million sign-ups. But fewer than 10 million consumers paid for the service as of May, the Journal previously reported.</p>\n<p>Peacock’s $4.99-per-month premium version is free to Comcast pay-TV and broadband customers and is also available to those of Cox Communications Inc.</p>\n<p>The potential overseas partnership with ViacomCBS could involve both Peacock and the U.K.-based Sky, one of the people familiar with the matter said.</p>\n<p>ViacomCBS said in May that the company now has 35.9 million subscribers to its streaming services, which include Paramount+, Showtime and BET+. The company said that its ad-supported PlutoTV service had 49.5 million monthly active users and that its total streaming revenue reached $816 million in the third quarter.</p>\n<p>Before ViacomCBS launched Paramount+, Comcast floated the idea of the companies joining forces on streaming, the Journal reported. Viacom wasn’t interested at the time.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Comcast CEO Brian Roberts and ViacomCBS Chairman Shari Redstone Met to Discuss Streaming Partnership</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nComcast CEO Brian Roberts and ViacomCBS Chairman Shari Redstone Met to Discuss Streaming Partnership\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-07-20 19:42 GMT+8 <a href=https://www.wsj.com/articles/comcast-ceo-brian-roberts-and-viacomcbs-chairman-shari-redstone-met-to-discuss-streaming-partnership-11626743478?mod=business_lead_pos4><strong>The Wall Street Journal</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Late June meeting also included ViacomCBS CEO Robert Bakish; focused on potential to join forces in international markets.\n\nComcast Corp.Chief Executive Brian Roberts met withViacomCBSInc.Chairman ...</p>\n\n<a href=\"https://www.wsj.com/articles/comcast-ceo-brian-roberts-and-viacomcbs-chairman-shari-redstone-met-to-discuss-streaming-partnership-11626743478?mod=business_lead_pos4\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"03086":"华夏纳指","09086":"华夏纳指-U","CMCSA":"康卡斯特"},"source_url":"https://www.wsj.com/articles/comcast-ceo-brian-roberts-and-viacomcbs-chairman-shari-redstone-met-to-discuss-streaming-partnership-11626743478?mod=business_lead_pos4","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1107114581","content_text":"Late June meeting also included ViacomCBS CEO Robert Bakish; focused on potential to join forces in international markets.\n\nComcast Corp.Chief Executive Brian Roberts met withViacomCBSInc.Chairman Shari Redstone in recent weeks to discuss a potential streaming partnership for international markets, according to people familiar with the matter, a sign the media companies see opportunities to join forces.\nDuring the meeting, which was held around the end of June in New York, and which also included ViacomCBS CEO Robert Bakish, the executives discussed a variety of possible business partnerships that would allow the companies to enter non-U.S. markets together, the people said.\nThe partnership talks come as both Comcast and ViacomCBS are preparing to expand their streaming services in international markets.\nIn May, ViacomCBS said its Paramount+ service would be available in 45 markets by 2022. In April, Mr. Roberts said that Comcast was looking to strike partnerships with local programmers and distributors in overseas markets to boost Peacock, the service launched by its NBCUniversal division. Comcast’s Sky PLC unit in Europe also has a streaming operation.\nMedia companies across the industry are looking for ways to bolster their streaming services to better compete with giants such asNetflixInc.andWalt DisneyCo.’s Disney+. Bundling services together through commercial partnerships is one option.\nSome companies have chosen to strike mergers.Amazon.comInc.in May agreed to buy Hollywood studio MGM, andAT&TInc.isspinning off WarnerMedia, home to HBO Max, into a venture withDiscoveryInc.\nSome analysts on Wall Street view Comcast and Viacom aspotential candidates for a mergerat some point. Mr. Roberts has been scoping out potential acquisition targets for Comcast, including ViacomCBS, but has told people close to him hedoesn’t feel the need to seek a merger, The Wall Street Journal reported.\nAt an investor event in late May, Comcast Chief Financial Officer Mike Cavanagh said, “We like the hand we have and M&A is not an answer…but we’ll obviously do what’s right for shareholders as time passes.”\nMs. Redstone, whose National Amusements Inc. has a roughly 80% voting stake in ViacomCBS, is open to a deal if a suitor comes along with a compelling offer, people close to her say. There would be potential roadblocks to a deal between Comcast and Viacom, including the possibility of pushback from regulators in Washington, analysts say.\nA commercial partnership could offer some of the benefits of a merger. Tech publication the Information earlier reported that Comcast and ViacomCBS were in contact aboutlaunching in some international markets.\nBoth Comcast and Viacom were relatively late to the streaming arena and now are trying to make headway both in the U.S. and abroad.\nNBCUniversal’s Peacock service has built a sizable audience for ad-supported programming but is trying to grow its subscription business substantially, people close to the company say. Comcast said in late April that Peacock had 42 million sign-ups. But fewer than 10 million consumers paid for the service as of May, the Journal previously reported.\nPeacock’s $4.99-per-month premium version is free to Comcast pay-TV and broadband customers and is also available to those of Cox Communications Inc.\nThe potential overseas partnership with ViacomCBS could involve both Peacock and the U.K.-based Sky, one of the people familiar with the matter said.\nViacomCBS said in May that the company now has 35.9 million subscribers to its streaming services, which include Paramount+, Showtime and BET+. The company said that its ad-supported PlutoTV service had 49.5 million monthly active users and that its total streaming revenue reached $816 million in the third quarter.\nBefore ViacomCBS launched Paramount+, Comcast floated the idea of the companies joining forces on streaming, the Journal reported. Viacom wasn’t interested at the time.","news_type":1},"isVote":1,"tweetType":1,"viewCount":652,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":173741815,"gmtCreate":1626690600037,"gmtModify":1631888757157,"author":{"id":"3573731744796242","authorId":"3573731744796242","name":"Lyncia","avatar":"https://static.tigerbbs.com/49f028b5d2bdd6033e8767d4ec0ff621","crmLevel":8,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3573731744796242","authorIdStr":"3573731744796242"},"themes":[],"htmlText":"[Anger] ","listText":"[Anger] ","text":"[Anger]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/173741815","repostId":"2152632498","repostType":4,"isVote":1,"tweetType":1,"viewCount":520,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":173090536,"gmtCreate":1626582666425,"gmtModify":1631888757160,"author":{"id":"3573731744796242","authorId":"3573731744796242","name":"Lyncia","avatar":"https://static.tigerbbs.com/49f028b5d2bdd6033e8767d4ec0ff621","crmLevel":8,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3573731744796242","authorIdStr":"3573731744796242"},"themes":[],"htmlText":"Right","listText":"Right","text":"Right","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/173090536","repostId":"2152689298","repostType":4,"isVote":1,"tweetType":1,"viewCount":632,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":173007650,"gmtCreate":1626582540170,"gmtModify":1631888757162,"author":{"id":"3573731744796242","authorId":"3573731744796242","name":"Lyncia","avatar":"https://static.tigerbbs.com/49f028b5d2bdd6033e8767d4ec0ff621","crmLevel":8,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3573731744796242","authorIdStr":"3573731744796242"},"themes":[],"htmlText":"Great","listText":"Great","text":"Great","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/173007650","repostId":"1139907709","repostType":4,"repost":{"id":"1139907709","kind":"news","pubTimestamp":1626568617,"share":"https://www.laohu8.com/m/news/1139907709?lang=&edition=full","pubTime":"2021-07-18 08:36","market":"sh","language":"en","title":"Wall Street Crime And Punishment: Thomas F. Quinn's Mad, Mad, Mad, Mad World","url":"https://stock-news.laohu8.com/highlight/detail?id=1139907709","media":"Benzinga","summary":"Does crime pay?\nIn August 1988, French authorities arrested an American expatriate named Thomas F. Q","content":"<p><i>Does crime pay?</i></p>\n<p>In August 1988, French authorities arrested an American expatriate named <b>Thomas F. Quinn</b> for orchestrating a global securities scheme that defrauded investors out of $500 million.</p>\n<p>As an unapologetic financial miscreant with a lifelong penchant for fraud, the French escapade represented something of a career peak for Quinn, whose flair of swindling took on an astonishing level of organizing that left no corner of the world untouched.</p>\n<p><b>Illusory Assets For Sale:</b>Thomas Francis Quinn was born in Brooklyn in 1932; his father drove a cement truck and his mother was a housewife who made extra money selling clothing and jewelry from the family’s garage.</p>\n<p>Quinn was an altar boy in his childhood and was the first member of his family to pursue higher education, graduating from St. John’s University Law School and passing the bar in 1962.</p>\n<p>Quinn opted to go into business for himself, starting a brokerage firm in New York called <b>Thomas, Williams & Lee.</b>The main focus of this firm became the promotion of <b>Kent Industries,</b>a company that claimed to own Florida property valued at $2 million.</p>\n<p>There was a slight problem — Kent Industries didn’t own anything in the Sunshine State, and this inconvenient fact helped to introduce Quinn to the U.S. Securities and Exchange Commission (SEC).</p>\n<p>Long story short: Quinn received a lifetime banishment from the SEC in 1966 from doing business with brokers and dealers thanks to what the agency defined as his “flagrant fraudulent practices” related to the Kent Industries assets, which the regulator considered to be “almost completely illusory.”</p>\n<p>The U.S. Department of Justice (DOJ) was a bit slower in dealing with Quinn, but by 1970 he was sent to jail for six months and was later permanently disbarred from practicing law.</p>\n<p><b>A Job With The Mob:</b>Prior to losing his law license, Quinn gained a partnership in a New York-based securities law firm that set off several alarms among federal law enforcement agencies. Indeed, an FBI report from 1983 recalled this firm’s chief focus was being responsible for the “funds of hoodlum-controlled companies.”</p>\n<p>Quinn was on both the FBI’s and SEC’s respective radars in the early 1980s for his role with two companies,<b>Sundance Gold Mining</b> and <b>Aquarius Gold Exploration</b>, that claimed to have discovered gold in Suriname. The companies created a flurry of excitement among investors, but an investigation into their operations found a hitherto undeclared connection with the <b>Genovese crime family.</b></p>\n<p>The SEC filed a civil complaint against Quinn in 1983, charging him with fraudulently manipulating and promoting the companies’ stocks.</p>\n<p>Three years later, he reached a settlement with the regulator by agreeing to permanently stay away from anything related to securities.</p>\n<p>The FBI, despite finding Mafia fingerprints in Quinn’s business affairs, declined to press charges against him.</p>\n<p>Realizing that he wore out his welcome in his home country, Quinn and his common-law wife <b>Rochelle Rothfleisch</b> decided to relocate to France and to up his game to an unprecedented operation.</p>\n<p><b>Boiler Room Follies:</b>The circumstances and details of how Quinn built his swindling masterpiece are a bit fuzzy, but it is believed that the scheme was first hatched in 1984 and was coordinated out of his $6 million villa in the south of France.</p>\n<p>Quinn set up an archipelago of offices in several European countries and in Dubai, Jamaica and the tiny South Pacific island nation of Vanuatu, and he gave them phony names that sounded similar to respectable brokerages.</p>\n<p>Each office was staffed with salesmen who were tasked to sell stocks for 20 U.S. corporations to individual investors around the world. The stocks in question were mostly shell companies trading on the over-the-counter exchanges that Quinn picked up for pennies, but they were resold by Quinn’s salesmen at inflated amounts.</p>\n<p>The investors were culled from mailing lists sold by publishing companies and professional organizations, as well as from respondents to advertisements placed in newsletters focused on the over-the-counter markets.</p>\n<p>Quinn’s henchmen would telephone the investors — nearly all of whom were novices to investing — and do a high-pressure sales spiel that, more often than not, resulted in the separation of the gullible targets from their money.</p>\n<p>Quinn’s team aimed at European, Australian, Middle Eastern and Hong Kong neophyte investors. The only country off-limits from this scheme was the U.S. Quinn was already on the FBI’s radar and the last thing he wanted was to give them cause to pursue him anew.</p>\n<p><b>A Temporary Setback:</b> In 1988, Quinn’s arrest in France saw him charged with securities fraud, forgery of administrative documents and the possession of two fake Greek passports. His detention and the subsequent arrest of 20 of his salesmen created a fascinating dilemma for banking and law enforcement agencies in multiple countries.</p>\n<p>For starters, no one could easily figure out where the majority of Quinn’s $500 million in ill-gotten gains wound up. Transfers were traced through banks in Switzerland, Luxembourg and Gibraltar, as well as the beleaguered <b>Bank of Credit and Commerce International</b> in Tampa, Florida, which gained national attention as a favored depository for those involved in drug money laundering. But where the money eventually landed was anyone’s guess, and Quinn’s talent for adopting aliases to cover his business tracks confounded investigators.</p>\n<p>Also, it was unclear regarding how many people were swindled. A pair of class-action lawsuits brought out a total of 500 people trying to regain their money, but some observers of this case speculated the number could have been higher — some investors might have seen Quinn’s scam as a means of evading local taxes and foreign currency exchanges and would then have to answer to their authorities if this chicanery came to light.</p>\n<p>The SEC got into the picture because the stocks being sold in the scheme were all U.S. companies. The agency hosted a meeting in Washington D.C. with law enforcement officers and prosecutors from eight European countries and Australia, with the hopes of sorting out the mess. But since no Americans were defrauded in this elaborate charade, Quinn did not face criminal charges in his own country, although the SEC temporarily froze his U.S. assets.</p>\n<p>In France, Quinn was initially released after agreeing to reimburse his French victims but was arrested again when the Swiss government demanded his extradition.</p>\n<p>He came to trial in 1991 and was only sentenced to four years in prison, but his sentence was reduced to include time served and he was extradited to Switzerland.</p>\n<p>His Alpine detention was brief and by the mid-1990s he returned to the U.S. and rented a luxury home in Greenwich, Connecticut, a swanky suburb of New York City.</p>\n<p><b>An Eventual Stumble:</b>One of Quinn’s neighbors in Greenwich was<b>Martin Frankel,</b>a financier with his own addiction to swindling.</p>\n<p>In 1999, the Wall Street Journal used anonymous “people familiar with the matter” to claim Quinn assisted Frankel in his efforts to raise money for a controlled investment fund designed to buy insurance companies — but this turned out to be an embezzlement scam that resulted in Frankel fleeing the U.S. to Germany on a phony passport.</p>\n<p>Frankel was eventually extradited and spent nearly two decades in prison, but Quinn was never charged for being a partner in Frankel’s shenanigans.</p>\n<p>For most of the 1990s and the 2000s, Quinn kept a very low public profile, although law enforcement tracked his travels to such far-flung places as the Maldives and the United Arab Emirates.</p>\n<p>In 2004, he made a rare appearance at the Irish Derby as the co-owner of the winning thoroughbred Grey Swallow. Photographs of Quinn with the winning racehorse marked the only time that he was ever photographed in a public gathering. (Copyright restrictions prevent us from reprinting the photograph here, butthis linkon the RTE website shows Quinn, standing second from right, at the conclusion of the championship race.)</p>\n<p>In November 2009, Quinn’s luck finally ran out. On a trip back from Ireland to New York’s JFK International Airport, he was arrested for his role within a ring of embezzlers that sought to defraud a pair of British telecommunications companies out of more than $60 million. The scheme had the global hallmarks of Quinn’s earlier criminal triumph, with funds being disbursed to seven countries across four continents.</p>\n<p>Quinn was immediately jailed upon his arrest and was denied bail because it was feared he would attempt to flee the country. He eventually pleaded guilty to a single count of wire fraud and, despite exhortations to avoid prison due to health problems, he was sentenced in March 2013 to 84 months in prison. He was released in May 2016.</p>\n<p>What became of Quinn since his release is unknown. No obituary for him has been published, and he would be 89 years old if he is still alive.</p>\n<p>One information-tracking website listed him residing at a Brooklyn address, but the website also listed an accompanying telephone number that is not in service. Any readers who may have information on Quinn’s whereabouts should contact us and we will offer an update on his story.</p>\n<p>Quinn rarely spoke to anyone about his criminal activities. During an investigative session after his final arrest, he reportedly would only answer questions through a series of eyelid blinks. When a reporter sought to interview him in 1995, he demanded his privacy.</p>\n<p>\"Just forget me,\" Quinn said. \"I've got a lot of trouble and a lot of personal grief. I'm just trying to get on with my life. I'm not in the securities business and never will be again.\"</p>","source":"lsy1606299360108","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Wall Street Crime And Punishment: Thomas F. Quinn's Mad, Mad, Mad, Mad World</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWall Street Crime And Punishment: Thomas F. Quinn's Mad, Mad, Mad, Mad World\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-07-18 08:36 GMT+8 <a href=https://www.benzinga.com/government/21/07/21990476/wall-street-crime-and-punishment-thomas-f-quinns-mad-mad-mad-mad-world><strong>Benzinga</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Does crime pay?\nIn August 1988, French authorities arrested an American expatriate named Thomas F. Quinn for orchestrating a global securities scheme that defrauded investors out of $500 million.\nAs ...</p>\n\n<a href=\"https://www.benzinga.com/government/21/07/21990476/wall-street-crime-and-punishment-thomas-f-quinns-mad-mad-mad-mad-world\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.benzinga.com/government/21/07/21990476/wall-street-crime-and-punishment-thomas-f-quinns-mad-mad-mad-mad-world","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1139907709","content_text":"Does crime pay?\nIn August 1988, French authorities arrested an American expatriate named Thomas F. Quinn for orchestrating a global securities scheme that defrauded investors out of $500 million.\nAs an unapologetic financial miscreant with a lifelong penchant for fraud, the French escapade represented something of a career peak for Quinn, whose flair of swindling took on an astonishing level of organizing that left no corner of the world untouched.\nIllusory Assets For Sale:Thomas Francis Quinn was born in Brooklyn in 1932; his father drove a cement truck and his mother was a housewife who made extra money selling clothing and jewelry from the family’s garage.\nQuinn was an altar boy in his childhood and was the first member of his family to pursue higher education, graduating from St. John’s University Law School and passing the bar in 1962.\nQuinn opted to go into business for himself, starting a brokerage firm in New York called Thomas, Williams & Lee.The main focus of this firm became the promotion of Kent Industries,a company that claimed to own Florida property valued at $2 million.\nThere was a slight problem — Kent Industries didn’t own anything in the Sunshine State, and this inconvenient fact helped to introduce Quinn to the U.S. Securities and Exchange Commission (SEC).\nLong story short: Quinn received a lifetime banishment from the SEC in 1966 from doing business with brokers and dealers thanks to what the agency defined as his “flagrant fraudulent practices” related to the Kent Industries assets, which the regulator considered to be “almost completely illusory.”\nThe U.S. Department of Justice (DOJ) was a bit slower in dealing with Quinn, but by 1970 he was sent to jail for six months and was later permanently disbarred from practicing law.\nA Job With The Mob:Prior to losing his law license, Quinn gained a partnership in a New York-based securities law firm that set off several alarms among federal law enforcement agencies. Indeed, an FBI report from 1983 recalled this firm’s chief focus was being responsible for the “funds of hoodlum-controlled companies.”\nQuinn was on both the FBI’s and SEC’s respective radars in the early 1980s for his role with two companies,Sundance Gold Mining and Aquarius Gold Exploration, that claimed to have discovered gold in Suriname. The companies created a flurry of excitement among investors, but an investigation into their operations found a hitherto undeclared connection with the Genovese crime family.\nThe SEC filed a civil complaint against Quinn in 1983, charging him with fraudulently manipulating and promoting the companies’ stocks.\nThree years later, he reached a settlement with the regulator by agreeing to permanently stay away from anything related to securities.\nThe FBI, despite finding Mafia fingerprints in Quinn’s business affairs, declined to press charges against him.\nRealizing that he wore out his welcome in his home country, Quinn and his common-law wife Rochelle Rothfleisch decided to relocate to France and to up his game to an unprecedented operation.\nBoiler Room Follies:The circumstances and details of how Quinn built his swindling masterpiece are a bit fuzzy, but it is believed that the scheme was first hatched in 1984 and was coordinated out of his $6 million villa in the south of France.\nQuinn set up an archipelago of offices in several European countries and in Dubai, Jamaica and the tiny South Pacific island nation of Vanuatu, and he gave them phony names that sounded similar to respectable brokerages.\nEach office was staffed with salesmen who were tasked to sell stocks for 20 U.S. corporations to individual investors around the world. The stocks in question were mostly shell companies trading on the over-the-counter exchanges that Quinn picked up for pennies, but they were resold by Quinn’s salesmen at inflated amounts.\nThe investors were culled from mailing lists sold by publishing companies and professional organizations, as well as from respondents to advertisements placed in newsletters focused on the over-the-counter markets.\nQuinn’s henchmen would telephone the investors — nearly all of whom were novices to investing — and do a high-pressure sales spiel that, more often than not, resulted in the separation of the gullible targets from their money.\nQuinn’s team aimed at European, Australian, Middle Eastern and Hong Kong neophyte investors. The only country off-limits from this scheme was the U.S. Quinn was already on the FBI’s radar and the last thing he wanted was to give them cause to pursue him anew.\nA Temporary Setback: In 1988, Quinn’s arrest in France saw him charged with securities fraud, forgery of administrative documents and the possession of two fake Greek passports. His detention and the subsequent arrest of 20 of his salesmen created a fascinating dilemma for banking and law enforcement agencies in multiple countries.\nFor starters, no one could easily figure out where the majority of Quinn’s $500 million in ill-gotten gains wound up. Transfers were traced through banks in Switzerland, Luxembourg and Gibraltar, as well as the beleaguered Bank of Credit and Commerce International in Tampa, Florida, which gained national attention as a favored depository for those involved in drug money laundering. But where the money eventually landed was anyone’s guess, and Quinn’s talent for adopting aliases to cover his business tracks confounded investigators.\nAlso, it was unclear regarding how many people were swindled. A pair of class-action lawsuits brought out a total of 500 people trying to regain their money, but some observers of this case speculated the number could have been higher — some investors might have seen Quinn’s scam as a means of evading local taxes and foreign currency exchanges and would then have to answer to their authorities if this chicanery came to light.\nThe SEC got into the picture because the stocks being sold in the scheme were all U.S. companies. The agency hosted a meeting in Washington D.C. with law enforcement officers and prosecutors from eight European countries and Australia, with the hopes of sorting out the mess. But since no Americans were defrauded in this elaborate charade, Quinn did not face criminal charges in his own country, although the SEC temporarily froze his U.S. assets.\nIn France, Quinn was initially released after agreeing to reimburse his French victims but was arrested again when the Swiss government demanded his extradition.\nHe came to trial in 1991 and was only sentenced to four years in prison, but his sentence was reduced to include time served and he was extradited to Switzerland.\nHis Alpine detention was brief and by the mid-1990s he returned to the U.S. and rented a luxury home in Greenwich, Connecticut, a swanky suburb of New York City.\nAn Eventual Stumble:One of Quinn’s neighbors in Greenwich wasMartin Frankel,a financier with his own addiction to swindling.\nIn 1999, the Wall Street Journal used anonymous “people familiar with the matter” to claim Quinn assisted Frankel in his efforts to raise money for a controlled investment fund designed to buy insurance companies — but this turned out to be an embezzlement scam that resulted in Frankel fleeing the U.S. to Germany on a phony passport.\nFrankel was eventually extradited and spent nearly two decades in prison, but Quinn was never charged for being a partner in Frankel’s shenanigans.\nFor most of the 1990s and the 2000s, Quinn kept a very low public profile, although law enforcement tracked his travels to such far-flung places as the Maldives and the United Arab Emirates.\nIn 2004, he made a rare appearance at the Irish Derby as the co-owner of the winning thoroughbred Grey Swallow. Photographs of Quinn with the winning racehorse marked the only time that he was ever photographed in a public gathering. (Copyright restrictions prevent us from reprinting the photograph here, butthis linkon the RTE website shows Quinn, standing second from right, at the conclusion of the championship race.)\nIn November 2009, Quinn’s luck finally ran out. On a trip back from Ireland to New York’s JFK International Airport, he was arrested for his role within a ring of embezzlers that sought to defraud a pair of British telecommunications companies out of more than $60 million. The scheme had the global hallmarks of Quinn’s earlier criminal triumph, with funds being disbursed to seven countries across four continents.\nQuinn was immediately jailed upon his arrest and was denied bail because it was feared he would attempt to flee the country. He eventually pleaded guilty to a single count of wire fraud and, despite exhortations to avoid prison due to health problems, he was sentenced in March 2013 to 84 months in prison. He was released in May 2016.\nWhat became of Quinn since his release is unknown. No obituary for him has been published, and he would be 89 years old if he is still alive.\nOne information-tracking website listed him residing at a Brooklyn address, but the website also listed an accompanying telephone number that is not in service. Any readers who may have information on Quinn’s whereabouts should contact us and we will offer an update on his story.\nQuinn rarely spoke to anyone about his criminal activities. During an investigative session after his final arrest, he reportedly would only answer questions through a series of eyelid blinks. When a reporter sought to interview him in 1995, he demanded his privacy.\n\"Just forget me,\" Quinn said. \"I've got a lot of trouble and a lot of personal grief. I'm just trying to get on with my life. I'm not in the securities business and never will be again.\"","news_type":1},"isVote":1,"tweetType":1,"viewCount":506,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"defaultTab":"following","isTTM":false}