Hp s

NEW YORK: Citigroup Inc is heading to trial on Wednesday, hoping to convince a Manhattan federal judge to undo a nearly US$900 million blunder where it used its own money to repay lenders of Revlon Inc, the struggling cosmetics company. The unusual case could provide insight into Wall Street banks' relationships with clients, and guidance on steps that banks must take to safeguard how money is moved. It stemmed from an Aug. 11 incident where Citigroup mistakenly wired US$893 million to Revlon's lenders, appearing to pay off a loan that was not due until 2023, rather than a planned US$7.8 million interest payment. The bank had been acting as the loan agent for Revlon, which did not have enough cash to prepay the loan. While some 200 Revlon lenders have repaid Citigroup, the bank is suing hedge fund and asset managers such as Brigade Capital Management, HPS Investment Partners and Symphony Asset Management to recover US$501 million that it said remains due. U.S. District … [Read more...] about Citigroup heads to trial seeking to undo nearly US$900 million Revlon blunder

NEW YORK: A federal judge on Thursday said Citigroup Inc's lawsuit to recoup some of the nearly US$900 million it mistakenly paid Revlon Inc's lenders appeared on track for trial next week after receiving assurances he had authority to conduct it. U.S. District Judge Jesse Furman in Manhattan had late Wednesday said he could not be sure all the defendants were citizens of different states than the bank's South Dakota-based Citibank unit, a jurisdictional requirement for the planned Dec. 9 nonjury trial. But at a hearing, lawyers for Citigroup and the defendants said they were making substantial progress on that issue, and confident at least most defendants could stay in the case. "I'm relieved in that it seems like it won't blow up the trial on this issue," Furman said. The lawsuit stemmed from Citigroup's having on Aug. 11 sent US$893 million of its own money, rather than a US$7.8 million interest payment, to Revlon's lenders. Citigroup was acting as the loan agent for … [Read more...] about Citigroup on track for trial over US$900 million Revlon mistake

There's a massive loss through the drivetrain, but understandable in a truck. As it stands, the 2021 Ram TRX is the most powerful bone-stock truck coming from the factory without the need for electrification. The Hellcat-powered Ram 1500 makes use of its supercharged 6.2-liter V8 to churn out up to 702 horsepower (523 kilowatts) and 650 pound-feet (881 newton-meters). Those numbers are sent to all four wheels but, of course, there will be drivetrain loss, which could affect the numbers if measure at the wheels. Hennessey aims to discover the output at the wheels, as seen on its latest benchmarking video of the 2021 Ram TRX. Interestingly, the Texas-based tuner only measured the output at the rear wheels (not sure how on the TRX). Gallery: 2021 Ram 1500 TRX: First Drive Review 59 Photos After the dyno test, Hennessey got 583 hp (435 kW) and 570 lb-ft (773 … [Read more...] about 2021 Ram TRX Hits The Dyno Before Hennessey Puts It Under The Knife

Bravely Default 2 may look like your standard turn-based RPG, but there is a lot more going on under the hood. If you've never played a Bravely Default game, then this new game can actually be kind of tough. So, we've compiled eight tips to help you navigate the world and give you the edge in combat. If you're more curious about how the game stacks up, be sure to read our Bravely Default 2 review. Otherwise, read on for some essential tips! Bravely Defaulting: Finding A Balance Bravely Default's core combat mechanics are braving and defaulting, as the title of the game implies. "Braving" allows a character to attack multiple times in a row, while "defaulting" is a defensive maneuver that stores an action point. The catch is that your characters can only attack if they have 0 or at least one free "brave point" or BP. So, if you go "full brave" at the beginning of a battle, they will go into turn-debt, meaning they can't perform any actions for the next few turns. You could … [Read more...] about Bravely Default 2 Guide: Essential Tips To Know Before Playing

close Video Test drive: 2021 Genesis GV80 The 2021 Genesis GV80 is the brand's first SUV and packed with luxury and tech, according to Fox News Autos Editor Gary Gastelu. It’s a strange thing to get into a vehicle that one of the most famous people in the world just wrecked . Not the actual damaged vehicle, but one just like it. I was at the hospital for a routine visit when news broke that Tiger Woods was in another hospital on the other side of the country with serious injuries after rolling off a California road in a Genesis GV80 , the same model that was sitting in the garage waiting to take me home. Based on preliminary evidence , the accident wasn’t due to any fault of the GV80’s, but chalked up to Woods driving carelessly on a tricky road as he was rushing to work. Nevertheless, it put the vehicle in a somewhat different light as I retrieved it from the garage and headed off to continue my evaluation of what had all of a sudden become … [Read more...] about Test drive: The 2021 Genesis GV80 is ready for its unexpected fame