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...Its chief executive later explained the company had done so through “the ordinary course of its surety business and is acting as a neutral party”....
...States,” Smith said....
...A new Abu Dhabi investment company is in talks to back OpenAI’s ambitious chip venture, in the latest effort by the United Arab Emirates to become a global powerbroker in the development of artificial intelligence...
...Trump’s legal team said on Monday that the Trump Organization had approached 30 surety companies — including Allianz, Axa, Berkshire Hathaway, Chubb, Munich Re, Swiss Re and Zurich — via four separate brokers...
...A servicing company placed the loan on watch for possible default — although the Trumps have remained current on their payments....
...A surety bond serves like a bank letter of credit. It guarantees that a defendant can pay a legal judgment if appeals do not succeed....
...It has not been an ordinary year in the First State. About two-thirds of American companies are incorporated in Delaware, attracted to the small, mid-Atlantic state by its sophisticated legal system....
...Even if a defendant appeals, which Trump has done, state courts in New York require the posting of cash or a surety bond to avoid having his assets seized....
...Yet when President Joe Biden visited on Wednesday, his only stop was to the headquarters of the United Steelworkers....
...“For the American and European supply chains to be built, you need a surety built by the government,” said Matthew Ashley, senior cobalt trader at Traxys, a Luxembourg-based trading house....
...Before New York attorney-general Letitia James more than halved the original bond, Trump’s lawyers said 30 surety companies refused to underwrite such a large amount....
...He did a U-turn on TikTok, now saying its Chinese parent company should retain ownership....
...New York state lawmakers voted to ban the contracts last year, only to be vetoed in December by the state’s Democratic governor, Kathy Hochul, after an uproar from Wall Street groups....
...One study found Milei’s government last month had cut transfers to state-owned companies by 61 per cent, on an inflation adjusted basis, compared with February 2023. 4....
A dispatch from FT Alphaville’s maritime correspondent
...Workers at a Volkswagen plant in Chattanooga, Tennessee voted to form a union on Friday, the first victory in the United Auto Workers’ campaign to build on last year’s strike against the Detroit Three by...
...But the hedge fund’s employees are in good (ie rich) company....
...AI leaders, including OpenAI chief executive Sam Altman and chipmaker Nvidia’s chief executive Jensen Huang, have become regular visitors to the Gulf state....
...Jeff Vahle, president of Walt Disney World Resort, said the company was “pleased to put an end to all litigation pending in state court in Florida”....
...for both companies....
...Because a company can file bankruptcy in whatever district any one of its dormant shell company affiliates first files bankruptcy....
...Bright orange poppies, California’s protected state flower, dotted the verges....
The British (and Norwegians) are coming
...Earlier this year he was sued by a leasing company, which alleged he failed to pay about $1.3mn in charges for a private jet. JDS has described the lawsuit as meritless....
...It went on to say that it made sense for Tesla to incorporate in the Lone Star State because “Tesla is all-in on Texas” because Tesla is “intertwined with our Texas corporate headquarters.”...
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