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Elon Musk must still have his tweets approved by Tesla lawyer, federal appeals court rules

Published Fri, 27 Dec 2024 10:17:23 GMT

NEW YORK (AP) — Elon Musk cannot back out of a settlement with securities regulators that was reached after his 2018 tweets claiming he had secured funding to take Tesla private caused the electric vehicle maker’s share price to jump and led to a temporary halt in trading, an appeals court ruled Monday.The summary order by the 2nd U.S. Circuit Court of Appeals in Manhattan was released just days after a three-judge panel heard lawyers’ arguments in the case.Musk had challenged a lower court judge’s ruling last year requiring him to abide by the deal on the grounds that circumstances have changed and because the decree contains a “prior restraint” that Musk contends violates the First Amendment.The settlement with the Securities and Exchange Commission required that his tweets be approved first by a Tesla attorney. It also called for Musk and Tesla to pay civil fines over the tweets in which Musk said he had “funding secured” to take Tesla private at $420 per share.The fu...

April’s national home sales up 11.3% from March, supply at 20-year low: CREA

Published Fri, 27 Dec 2024 10:17:23 GMT

National home sales jumped by 11.3 per cent between March and April as the real estate market picked up again, but supply remained at a 20 year-low, the Canadian Real Estate Association said Monday.Seasonally-adjusted sales for the month totalled 38,164 compared with 34,277 in March.The actual number of homes sold last month amounted to 44,059, down 19.5 per cent from a year prior. The year-over-year sales decline was markedly smaller than the drops reported in recent months, the association said, attributing the return of sales to home prices, which many feel have bottomed out in recent months as interest rates climbed eight times over the last year.“It wasn’t all that surprising to see buyers jumping off the sidelines and back into the market in April,” Shaun Cathcart, CREA’s senior economist said in a press release. “Supply, on the other hand, has been sluggish, hence the price gains from March to April seen all over the country.”The seasonally-adjusted number of new ...

S&P/TSX composite higher in late-morning trading, U.S. stock markets mixed

Published Fri, 27 Dec 2024 10:17:23 GMT

TORONTO — Strength in the base metal and energy sectors helped lead Canada’s main stock index higher in late-morning trading, while U.S. stock markets were mixed.The S&P/TSX composite index was up 61.02 points at 20,480.64.In New York, the Dow Jones industrial average was down 6.56 points at 33,294.06. The S&P 500 index was up 3.97 points at 4,128.05, while the Nasdaq composite was up 47.70 points at 12,332.44.The Canadian dollar traded for 74.09 cents US compared with 73.89 cents US on Friday.The June crude contract was up US$1.35 at US$71.39 per barrel and the June natural gas contract was up 10 cents at US$2.37 per mmBTU.The June gold contract was up 20 cents at US$2,020.00 an ounce and the July copper contract was up two cents at US$3.75 a pound.This report by The Canadian Press was first published May 15, 2023.Companies in this story: (TSX:GSPTSE, TSX:CADUSD=X)The Canadian Press

Justice minister planning to introduce bail reforms this week

Published Fri, 27 Dec 2024 10:17:23 GMT

OTTAWA — Justice Minister David Lametti and the federal government are expected to bring forward legislation to enact bail reform as early as tomorrow. Lametti has said he will make “targeted reforms” to the Criminal Code after the provinces and territories publicly raised concerns about repeat offenders. The federal government says the reforms will aim to deal with repeat violent offenders and offences involving firearms and other dangerous weapons.The premiers have asked for a “reverse onus” system for some offences, which would require a person seeking bail to prove why they should not stay behind bars.Calls for action have grown after several high-profile crimes, including the shooting death of an Ontario Provincial Police officer in February, which police say was committed by a man who had been released on bail. The federal Conservatives and law enforcement leaders have also put pressure on the Liberals to make bail more restrictive.This report by The Ca...

Convicted child rapist, former Baltimore Catholic school teacher dies in prison

Published Fri, 27 Dec 2024 10:17:23 GMT

BALTIMORE (AP) — A convicted child rapist, whose crimes were recently highlighted in an extensive state report on sex abuse and coverups within the Archdiocese of Baltimore, died last week in prison, according to Maryland’s corrections agency.John Merzbacher, 81, was serving four life sentences after his 1995 rape conviction for committing sexual abuse while he was a teacher at a Catholic middle school in Baltimore in the 1970s. He died Friday of natural causes in the infirmary at Eastern Correctional Institution in Westover, Maryland, state corrections officials said.Merzbacher’s crimes have received renewed attention in recent weeks with the release of a report by the Maryland Attorney General’s Office, which spent years investigating child sexual abuse in the archdiocese. It found more than 150 priests and others associated with the Baltimore archdiocese sexually abused over 600 children for decades, often with impunity.The report, which paints a damning picture of the nation’s o...

Native Americans demand accountability for ancestral remains identified at Dartmouth College

Published Fri, 27 Dec 2024 10:17:23 GMT

BOSTON (AP) — As a citizen of the Quapaw Nation, Ahnili Johnson-Jennings has always seen Dartmouth College as the university for Native American students.Her father graduated from the school, founded in 1769 to educate Native Americans, and she had come to rely on its network of students, professors and administrators. But news that the Ivy League school in New Hampshire identified partial skeletal remains of 15 Native Americans in one of its collections has Johnson-Jennings and others reassessing that relationship.“It’s hard to reconcile. It’s hard to see the college in this old way where they were taking Native remains and using them for their own benefit,” said Johnson-Jennings, a senior and co-president of Native Americans at Dartmouth. The remains were used to teach a class as recently as last year, until an audit concluded they had been wrongly catalogued as not Native. Native American students were briefed on the discovery in March.“It was very upsetting to hear, especially w...

Stellantis stops construction on Windsor, Ont., EV battery plant amid fed dispute

Published Fri, 27 Dec 2024 10:17:23 GMT

WINDSOR, Ont. — One of the world’s largest automakers said Monday it has stopped construction on a $5-billion electric vehicle battery plant in Windsor, Ont., saying the federal government has not delivered on what was promised.Stellantis, which makes Chrysler, Ram and Fiat cars among others, and South Korean battery-maker LG Energy Solution announced the plant last year and said it was expected to create 2,500 jobs.All levels of government were to provide financial support. While the amounts were not disclosed at the time, Stellantis now says the federal government has not held up its end of the bargain.“As of today, the Canadian government has not delivered on what was agreed to therefore Stellantis and LG Energy Solution will begin implementing their contingency plans,” the company said in a statement. “Effective immediately, all construction related to the battery module production on the Windsor site has stopped.”The federal government says negotiations are on...

Smash Mouth headlining 2023 Pierogi Fest

Published Fri, 27 Dec 2024 10:17:23 GMT

WHITING, Ind. — Pierogi Fest attendees this summer will be "walking on the sun" after rock band Smash Mouth was announced as the main headliner.Known as "the wackiest festival in all the Midwest," Pierogi Fest is celebrating its 29th anniversary near the shores of Lake Michigan in Whiting.It returns this summer from July 28-30. Chairman and co-founder Tom Dabertin credited partners Hard Rock Casino Northern Indiana for helping book Smash Mouth.He said the fest wouldn't be what it is without an "amazing" network of volunteers.Aerial of Pierogi Fest"What's really amazing and what makes it different from another other fest is that it's run by 650 volunteers," Dabertin said.While the music lineup has been announced, an eclectic mix taking place on seven stages, the vendor list is still under wraps. ‘Uncontainable excitement’: 18-year-old captures northern lights over Illinois The fest limits traditional fair food like elephant ears, but patrons will be able to taste any kind of pierog...

See the Bears' 2023 preseason schedule

Published Fri, 27 Dec 2024 10:17:23 GMT

LAKE FOREST — Just a few days after the regular season schedule was announced, the Bears now know when they'll play a trio of preseason contests in 2023. A few days after announcing their regular season schedule, the Bears’ now know when they’ll play their preseason game. @WGNNews pic.twitter.com/LIh2WHJOvx— Larry Hawley (@HawleySports) May 15, 2023The NFL announced the dates and times for the three exhibition games for the team on Monday morning after revealing the opponents on Thursday - with all three being Saturday contests. On Saturday, August 12, the Bears will host the Tennessee Titans at Noon to open up the preseason slate. A week later, they'll travel to Indianapolis for their only road trip during the exhibition season, facing the Colts on Saturday, August 19 at 6 p.m. at Lucas Oil Stadium. They'll return home the next week to face their Buffalo Bills in their preseason finale at Soldier Field with the kickoff set for Noon. See the Bears' 2023 regular season sched...

PHOTOS: The weekend in Chicago sports

Published Fri, 27 Dec 2024 10:17:23 GMT

CHICAGO — On this Mother's Day weekend in Chicago, it was a rough few days for Chicago's baseball teams, a history-making moment for a basketball team, and a St. Louis sweep for a soccer club. These and more are featured in the wrap-up of the weekend in sports in photos from WGN News Now.MINNEAPOLIS, MN - MAY 13: Alex Kirilloff #19 of the Minnesota Twins celebrates his solo home run for his second of the day with a celebratory fishing rod and vest in the third inning against the Chicago Cubs at Target Field on May 13, 2023 in Minneapolis, Minnesota. (Photo by David Berding/Getty Images)MINNEAPOLIS, MN - MAY 14: Marcus Stroman #0 of the Chicago Cubs looks on after being relieved against the Minnesota Twins in the third inning at Target Field on May 14, 2023 in Minneapolis, Minnesota. (Photo by David Berding/Getty Images)MINNEAPOLIS, MN - MAY 13: Hayden Wesneski #19 of the Chicago Cubs reacts to giving up a two-run home run to Jorge Polanco #11 of the Minnesota Twins in the fifth inni...