Rabu, 01 Januari 2020

Surveillance in a leafy enclave, Ghosn's Tokyo life was under strict monitoring - Reuters

TOKYO (Reuters) - The imposing home where Carlos Ghosn lived for the last seven months and probably launched a daring escape to avoid Japanese prosecutors is nestled in a leafy enclave of Tokyo where most people pay little attention to Westerners or luxury cars.

A view of a house where is believed that former Nissan chairman Carlos Ghosn lived before he fled to Lebanon, in Tokyo, Japan January 1, 2020. REUTERS/Tim Kelly

Yet neighbors say it was impossible not to notice one of the world’s most famous executives, or the black car that seemed to idle nearby whenever he was around - a stark reminder of the surveillance on the ousted Nissan Motor Co chairman while out on bail for financial misconduct charges.

Ghosn on Tuesday said he had fled to Lebanon to escape a “rigged” justice system in Japan, an astonishing revelation that raises questions about how one of the world’s most-recognized businessmen slipped past authorities, especially after he had surrendered his passports under the terms of his bail.

Hana Takeda, who lives in an apartment close to the house where Ghosn has lived since May, said she would sometimes see him out walking with one of his three daughters.

“He wasn’t very secretive. I would see him hanging around with his daughter,” Takeda, 28, told Reuters.

The large, multi-level house is not far from the central Roppongi district in an area popular with diplomats and western executives.

There is a police presence because of the proximity of at least one embassy and houses for diplomats. Many homes had western luxury cars parked outside, including BMWs, Land Rovers and Bentleys.

Three wireless security cameras peered out from the balcony above the brick porch. Under the terms of his bail, Ghosn had to have cameras installed at the house’s entrance.

No one came to the door when a Reuters reporter rang the doorbell. A double garage was shut and net curtains were drawn across the windows. Upper floor windows were covered by blinds.

A policeman on a bicycle made regular rounds through the small neighborhood.

Another neighbor, 62-year-old American Whitney Rich, said he had sometimes noticed a black car near the house.

Ghosn was initially arrested in Tokyo in November 2018 and faces four charges, which he denies. They include hiding income and enriching himself through payments to Middle East dealerships.

It seems unlikely he will now stand trial in Tokyo as Japan has no extradition treaty with Lebanon.

AUDACIOUS ACCOUNT

It was unclear how Ghosn, who holds French, Brazilian and Lebanese citizenship, was able to orchestrate his departure from Japan. He entered Lebanon legally on a French passport, one source has told Reuters.

In one audacious account from Lebanese TV news channel MTV, which Reuters has not been able to verify, a group of musicians arrived at Ghosn’s Tokyo house, performed and then packed up their instruments with him inside one of the larger cases. He was then whisked to the airport and out of the country with the help of privately hired security.

What is clear is that Ghosn was tightly monitored - a fact that has made his escape all the more spectacular. Authorities had monitored and restricted his movement and communications to prevent him, they said, from fleeing or tampering with evidence.

There always seemed to be a car at the end of the street near Ghosn’s house, said one Western expat who had lived in the area for nine months.

Slideshow (2 Images)

“He kept a low profile... There was a car parked constantly nearby,” the expat said, declining to be identified.

“He was under constant surveillance.”

Reporting by Tim Kelly and Maki Shiraki; Writing by David Dolan

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2020-01-01 08:33:00Z
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Selasa, 31 Desember 2019

Dow Jones Futures: Stock Market Rally Pauses But Apple Stock Keeps Climbing; TJX, Copart, Dynatrace Near Buys - Investor's Business Daily

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  1. Dow Jones Futures: Stock Market Rally Pauses But Apple Stock Keeps Climbing; TJX, Copart, Dynatrace Near Buys  Investor's Business Daily
  2. Here are the best and worst Dow and S&P 500 stocks of 2019  MarketWatch
  3. Historic year closes, home price data and consumer confidence: 3 things to watch for on Tuesday  CNBC
  4. Here are Wall Street's favorite stocks for 2020  CNBC
  5. Stock markets ending the year on record highs is great for everyone, not just investors  Washington Examiner
  6. View full coverage on Google News

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2019-12-31 13:10:00Z
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Stocks making the biggest moves premarket: Uber, Boeing, Tencent Music, JPMorgan & more - CNBC

Check out the companies making headlines before the bell:

(TME) – Tencent Music is part of a consortium in Universal Music Group from French media conglomerate Vivendi. Universal Music counts Taylor Swift and Lady Gaga among its artists. The deal values Universal Music at about $34 billion.

(BA) – Boeing and Turkish Airlines reached a compensation deal for losses caused by the grounding of Boeing's 737 Max jet. The airline did not specify how much it received, but reports in a Turkish newspaper put the amount at $225 million.

(UBER) – The ride-hailing company and food-delivery service Postmates over a new law that could force the companies to treat their workers as employees rather than independent contractors. The law is set to take effect Wednesday.

(JPM) – The bank is seeking 100% ownership of its futures joint venture in China, according to a Bloomberg report.

(NIO) – Nio is up for a second day, after a Monday surge. The China-based electric car maker saw its stock jump after posting a smaller-than-expected loss and better-than-expected revenue and vehicle deliveries, despite a reduction in China electric vehicle subsidies.

(CLB) – The company cut its fourth-quarter earnings guidance to 37 cents to 38 cents per share from the prior 44 cents to 45 cents. It also said it would slash its quarterly dividend to 25 cents per share from 55 cents a share. The provider of services for the crude oil industry cited challenges in the land-based U.S. oil market, among other factors.

(SINA) – Sina announced a new $500 million share repurchase program. A prior $500 million repurchase program by the China-based online media company expires today.

(OXY) – Occidental sold a variety of assets including the former Anadarko Petroleum headquarters and a former ConocoPhillips campus to (HHC) for $565 million.

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2019-12-31 12:52:00Z
CAIiENtJEVBhoXUdVnN5vRyXRIMqGQgEKhAIACoHCAow2Nb3CjDivdcCMM_rngY

Dow Jones Futures: Stock Market Rally Pauses But Apple Stock Keeps Climbing; TJX, Copart, Dynatrace Near Buys - Investor's Business Daily

[unable to retrieve full-text content]

  1. Dow Jones Futures: Stock Market Rally Pauses But Apple Stock Keeps Climbing; TJX, Copart, Dynatrace Near Buys  Investor's Business Daily
  2. Here are the best and worst Dow and S&P 500 stocks of 2019  MarketWatch
  3. Historic year closes, home price data and consumer confidence: 3 things to watch for on Tuesday  CNBC
  4. Trump enters 2020 on a bull market high | TheHill  The Hill
  5. Dow Jones, S&P 500, Nasdaq 100 Extremes Signal Pullback Likely Near  DailyFX
  6. View full coverage on Google News

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2019-12-31 11:59:00Z
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Jeff Bezos lost $10B in 2019 amid divorce, but still richest man - Business Insider

  • Amazon’s founder and CEO, Jeff Bezos, suffered a decline of more than $10 billion in his net worth in 2019, according to Bloomberg.
  • The loss is mainly down to his divorce from MacKenzie Bezos, which led to a settlement in which she received Amazon stock worth more than $35 billion.
  • MacKenzie Bezos became one of the world’s wealthiest women after the split.
  • Overall 2019 has been a good year for the incredibly wealthy. Only two of the 50 wealthiest billionaires suffered a net loss.
  • Visit Business Insider’s home page for more stories.

Amazon’s founder and CEO, Jeff Bezos, lost more money than almost any other billionaire in 2019, but he remained the richest person in the world.

At $115 billion, Bezos‘ net worth is down $10.1 billion this year, according to Bloomberg’s Billionaire’s Index as of Tuesday.

The decline was the second-largest on the list, just smaller than that suffered by the media mogul Rupert Murdoch, whose net worth more than halved. It fell by $10.2 billion, to $7.8 billion from $18 billion.

Bezos‘ loss can be accounted for by the cost of his separation from MacKenzie Bezos, his wife of 26 years. The two announced their separation in January.

Jeff Bezos 2019 IAF Award

Foto: Bezos after receiving an award from the International Astronautical Federation at an event in Washington, DC, on October 22.sourceMANDEL NGAN/AFP via Getty Images

In a divorce settlement finalized in July, the couple divided their Amazon shares, with 75% going to Jeff Bezos and 25% to MacKenzie Bezos.

The settlement took an enormous chunk out of Bezos‘ reported net worth, which peaked in excess of $165 billion in late 2018, according to Bloomberg.

It also created a new, independent billionaire in MacKenzie Bezos, who ended the year in 25th place on the Bloomberg index with $37.1 billion to her name. She is the fifth-richest woman on the list.

Such is the scale of Amazon’s and Bezos‘ wealth that the notionally private development of their marriage ending was ultimately one of the most significant financial events of 2019.

The $37.1 billion wealth transfer between the Bezoses is a little larger than the entire $35.1 billion gross domestic product of Latvia, an Eastern European nation with about 1.9 million inhabitants.

According to Bloomberg’s index, 2019 was overall a good year for the extremely wealthy.

Only two people in the top 50 ⁠- Jeff Bezos and the Chinese real-estate billionaire Hui Ka Yan ⁠- experienced a decline in their net worth.

Tech moguls featured prominently among the winners, with sharp increases for Facebook CEO Mark Zuckerberg (up $26 billion), the Microsoft cofounder Bill Gates (up $22.7 billion), and the Google founders Larry Page and Sergey Brin (up $13.3 billion and $12.8 billion).

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2019-12-31 10:20:17Z
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The Mustang Mach-E's extended range battery is a popular option - Engadget

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While Ford hasn't revealed exactly how many people are lining up to pre-order the Mustang Mach-E, the company has released some stats showing which versions people prefer so far. Apparently battery life is important to buyers of the sporty electric SUV, with 80 percent opting for versions with the long range battery that lets it go up to an estimated 300 miles between charges. The dual-motor all-wheel-drive version is also popular, at 55 percent of orders, and 30 percent of those interested have opted for the GT trim level.

The First Edition vehicles are already sold out, but, as Autoblog notes, if you find the Mustang-branded crossover appealing, you can order one with $500 down. You'll have to wait until 2021 for a GT, but other trim levels may ship before the end of this year.

Gallery: Ford Mustang Mach-E unveil | 11 Photos

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2019-12-31 09:22:10Z
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Carlos Ghosn: Ex-Nissan boss flees Japan for Lebanon - The - The Washington Post

Issei Kato Reuters Former Nissan Motor Chairman Carlos Ghosn in Tokyo on April 25, 2019. Ghosn said he had escaped “injustice” in Japan, where he faced accusations of financial misconduct, and is now in Lebanon.

TOKYO — Carlos Ghosn, the former boss of the Nissan-Renault car alliance, said on Tuesday he had left Japan where he was awaiting trial on charges of financial misconduct and arrived in Lebanon.

It was not clear how Ghosn, who is of Lebanese descent and holds Lebanese, French and Brazilian citizenship, had departed Japan. The 65-year-old was released on bail in Tokyo in April but placed under close surveillance and ordered to surrender his passports.

“I am now in Lebanon and will no longer be held hostage by a rigged Japanese justice system where guilt is presumed, discrimination is rampant, and basic human rights are denied, in flagrant disregard of Japan’s legal obligations under international law and treaties it is bound to uphold,” Ghosn said in a statement.

“I have not fled justice — I have escaped injustice and political persecution. I can now finally communicate freely with the media, and look forward to starting next week.”

One of Ghosn’s Japanese lawyers said they were still holding his Lebanese, French and Brazilian passports, as required by the terms of his bail, and called his actions “inexcusable.”

“We don’t know any more than has been reported,” Junichiro Hironaka told reporters, in remarks broadcast by NHK. “It was like a bolt from the blue. We are surprised and puzzled.”

Ghosn’s treatment since his arrest in November 2018 has thrown an unflattering spotlight on Japan’s justice system, and prompted concerns in boardrooms around the world. Sympathy was high among the general public in Lebanon, and its government had complained publicly about Ghosn’s humiliating treatment behind bars.

Ghosn, one of the world’s most successful and charismatic auto executives, was accused of financial misconduct and underreporting his income. But his initial 23-day detention was extended to 108 days as prosecutors rearrested him several times while he was still behind bars, a common tactic used in Japan to extract confessions and widely criticized as amounting to “hostage justice.”

[Former Nissan, Renault boss Carlos Ghosn rearrested on fresh charges in Japan]

He was released in March, then rearrested again in April just after announcing plans to hold a news conference, before finally being granted bail under strict conditions, including that he not speak to his wife. Writing in The Washington Post in April, Carole Ghosn said her husband had been kept in solitary confinement, with the lights on around the clock, and subjected to interrogation at all hours of the night and day without access to his lawyers.

The case prompted questions about whether a Japanese executive would have faced the same treatment, and why Ghosn and U.S. citizen Greg Kelly were the only Nissan board members arrested, when the company’s Japanese executives should also have known about Ghosn’s compensation arrangements.

Mark Lennihan

AP

Carlos Ghosn at the New York International Auto Show in April 2015.

Ghosn and his lawyers say the allegations were trumped up as part of a conspiracy among Nissan, government officials and prosecutors to oust Ghosn and block his plans to force through a closer merger between the Japanese automaker and its alliance partner, Renault.

Equally, though, there have been concerns raised about Ghosn’s management.

In dismissing Ghosn in 2018, Nissan said its investigations revealed misconduct ranging from understating his salary to transferring $5 million of company funds to an account in which he had an interest.

Renault, initially supportive of its former boss, announced in April after an internal investigation that it had found evidence of “questionable and concealed practices and violations of the group’s ethical principles.” At the time, Renault said it would halt Ghosn’s pension and reserved the right to bring action against him in the courts.

[Japanese court grants bail to former Nissan boss Carlos Ghosn after nearly four months in jail]

Ghosn earned a reputation as one of the auto industry’s top executives after turning around the fortunes of Renault and Nissan and bringing the two companies together in a three-way alliance with Mitsubishi.

But his efforts to forge closer links between Renault and Nissan ran into opposition from within the Japanese company, and many experts say that may have been a factor in his downfall.

His reputation for streamlining Renault’s operations won him the nickname “Le Cost Killer,” while his success in turning Nissan around from near bankruptcy earned him the moniker “Mr. Fix It.” His efforts made him enormously popular in Japan, with blanket media coverage and even a manga comic produced about his life. However, his lavish lifestyle and relatively high pay were sources of controversy.

Inevitably, there was intense speculation about how Ghosn could have left the country without the authorities’ knowledge.

Japanese Minister of State for Foreign Affairs Keisuke Suzuki visited Beirut earlier this month where he met with the Lebanese president and foreign minister.

Japan’s Ministry of Foreign Affairs said it was still “looking into the matter to ascertain the status of affairs” and could not comment at the moment. A senior official told NHK that the ministry was not aware of Ghosn’s departure.

“Had we known about it prior to his departure, we would have reported that to the legal authorities,” the official was quoted as saying.

Lebanon does not have an extradition treaty with Japan, and given public support for Ghosn there it is unlikely any attempt to extradite him would be successful.

Akiko Kashiwagi contributed to this report.

simon.denyer@washpost.com

Read more

Former Nissan, Renault boss Carlos Ghosn rearrested on fresh charges in Japan

Japanese court grants bail to former Nissan boss Carlos Ghosn after nearly four months in jail

Today’s coverage from Post correspondents around the world

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2019-12-31 07:09:00Z
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