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Words on ammo in CEO shooting echo common phrase on insurer tactics: Delay, deny, defend A message left at the scene of an insurance executive’s fatal shooting echoes a phrase commonly used to describe insurer tactics to avoid paying claims. The words “deny,” “defend” and “depose” were written on the ammunition used to kill UnitedHealthcare's CEO. That's according to two officials who spoke to The Associated Press on condition of anonymity Thursday. The words are similar to the phrase “delay, deny, defend.” That's how attorneys describe insurers denying services and payment, and the title of a 2010 book critical of the industry. Police haven’t officially commented on the words. But Thompson’s shooting and the messages on the ammunition have sparked outrage on social media and elsewhere, reflecting frustration Americans have over the cost and complexity of getting care. Bitcoin has surpassed the $100,000 mark as the post-election rally continues. What's next? NEW YORK (AP) — Bitcoin has topped the $100,000 mark, extending a rally in the world’s most popular cryptocurrency sparked by the election of Donald Trump. The milestone comes just hours after the president-elect signaled a lighter regulatory approach to the crypto industry with his choice of crypto advocate Paul Atkins to be the next chair of the Securities and Exchange Commission. Bitcoin has soared to unprecedented heights since Trump won the election Nov. 5. The cryptocurrency has climbed dramatically from $69,374 on Election Day and rose to more than $103,000 before falling back below $100,000 by Thursday afternoon. US judge rejects Boeing's plea deal in a conspiracy case stemming from fatal plane crashes DALLAS (AP) — A federal judge has rejected a deal that would have allowed Boeing to plead guilty to a felony conspiracy charge and pay a fine for misleading U.S. regulators about the 737 Max jetliner before two of the planes crashed, killing 346 people. The ruling on Thursday by U.S. District Judge Reed O’Connor in Texas creates uncertainty around the criminal prosecution of the aerospace giant in connection with the development of its bestselling airline plane. O’Connor’s decision was almost certain to please many relatives of the passengers who died in the crashes, which took place off the coast of Indonesia and in Ethiopia less than five months apart. McKinsey subsidiary will pay $122M for scheme to bribe South African officials, US says WASHINGTON (AP) — An African subsidiary of the consulting firm McKinsey & Company Inc. will pay a criminal penalty of more than $122 million to resolve a U.S. Justice Department investigation into a yearslong scheme to bribe South African government officials. The Justice Department says the scheme involved bribes to officials with South Africa’s state-owned and state-controlled custodian of ports, rails, and pipelines, as well as its state-controlled energy company. It netted McKinsey Africa and its parent company $85 million in profits between 2012 and 2016, officials said. McKinsey said in a statement that it “welcomes the resolution of these matters and the closure of this regretful situation.” EPA hails 'revitalized' enforcement efforts as Biden administration heads to exit WASHINGTON (AP) — The Environmental Protection Agency says it concluded more than 1,850 civil cases this year, a 3.4% increase over 2023, and charged 121 criminal defendants, a 17.6% increase over the previous year. The agency also issued $1.7 billion in financial penalties, more than double last year's total. Thursday's report was the final one account of Biden-era enforcement actions before President-elect Donald Trump takes office in January. Enforcement efforts included first-ever criminal charges for a California man accused of smuggling climate-damaging air coolants into the United States. Engine maker Cummins Inc. paid more than $2 billion in fines and penalties after it was found to use illegal software to skirt diesel emissions tests. Work-life balance isn't working for women. Why? NEW YORK (AP) — About half of working women reported feeling stressed “a lot of the day,” compared to about 4 in 10 men, according to a Gallup report published Wednesday. The report suggests that competing demands of work and home comprise part of the problem: working women who are parents or guardians are more likely than men who are parents to say they have declined or delayed a promotion at work because of personal or family obligations, and mothers are more likely than fathers to “strongly agree” that they are the default responders for unexpected child care issues. But changing workplace culture and prioritizing well-being can improve the problem, according to Karen Guggenheim, creator of the World Happiness Summit. From outsider to the Oval Office, bitcoin surges as a new administration embraces crypto NEW YORK (AP) — Bitcoin burst on the scene after trust had withered in the financial system and Washington’s ability to protect people from it. Now, it’s Washington’s embrace of bitcoin that’s sending it to records. Bitcoin briefly surged above $103,000 after President-elect Donald Trump said he will nominate Paul Atkins, who's seen as friendly to crypto, to be the Securities and Exchange Commission's next chair. The crypto industry, meanwhile, did its part to bring politicians friendly to digital currencies into Washington. It's a twist from bitcoin's early days, when it was lauded as a kind of electronic cash that wouldn’t be beholden to any government or financial institution. Stock market today: Wall Street edges back from its records as bitcoin briefly pops above $100,000 NEW YORK (AP) — U.S. stocks edged back from their records as Wall Street counted down to a big jobs report that’s coming on Friday. The S&P 500 fell 0.2% Thursday. The Dow Jones Industrial Average lost 0.6%, and the Nasdaq composite sank 0.2% from its own all-time high. The crypto market had more action, and bitcoin briefly burst to a record above $103,000 before falling back toward $99,000. It's climbed dramatically since Election Day on hopes President-elect Donald Trump will be more friendly to crypto. Airline stocks were strong, while Treasury yields held relatively steady in the bond market. Key members of OPEC+ alliance are putting off production increases amid slack crude prices FRANKFURT, Germany (AP) — Eight members of the OPEC+ alliance of oil exporting countries have decided to put off increasing oil production as they face weaker than expected demand and competing production from non-allied countries — factors that could keep oil prices stagnant into next year. The OPEC+ members decided at an online meeting to postpone by three months production increases that had been scheduled to take effect Jan. 1. The plan had been to start gradually restoring 2.2 million barrels per day over the course of 2025. That process will now be pushed back to April 1, 2025 and production increases will gradually take place over 18 months until October 2026. Fox News loses bid for Smartmatic voting-tech company's records about Philippines bribery case NEW YORK (AP) — Smartmatic does not need to give Fox News any information about U.S. federal charges against the voting machine company’s co-founder over alleged bribery in the Philippines. A New York judge on Thursday also turned down Smartmatic’s request to question two Fox Corp. board members. It already has questioned others. Smartmatic is suing Fox News for $2.7 billion. The election-technology company says its business was gutted when Fox aired false claims that Smartmatic helped rig the 2020 vote. Fox says it was just reporting on newsworthy allegations. Fox maintains the Philippines bribery allegations are pertinent to Smartmatic’s business prospects and claims of losses. Florida-based Smartmatic isn’t charged in the criminal case and says it's irrelevant in the defamation suit.
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LEAWOOD, Kan., Dec. 17, 2024 (GLOBE NEWSWIRE) -- Euronet Worldwide, Inc. EEFT , a leading global electronic payments provider and distributor, today announced the Company has amended its unsecured revolving credit facility to increase the facility from $1.25 billion to $1.90 billion. The Company also extended the maturity date by five years from December 17, 2024, to December 17, 2029, with a syndicate of domestic and international financial institutions. The amended credit facility includes a multi-currency borrowing tranche totaling $1.685 billion and a USD borrowing tranche totaling $215 million. The amended facility also removes the credit spread adjustment on SOFR and SONIA borrowings. All other terms remain substantially the same as the existing credit facility. "We are pleased that all our banking partners continued to support our business, most at increased commitment levels. We are equally pleased to have several new banking partners join the facility, which will provide capital flexibility in banking services in areas that are important to our expansion," stated Rick Weller, Executive Vice President and Chief Financial Officer of Euronet Worldwide, Inc. "The increased capacity will allow us the flexibility to grow the business to continue to deliver year-over-year double-digit growth rates and ultimately deliver additional value to our shareholders." About Euronet Worldwide, Inc. Starting in Central Europe in 1994 and growing to a global real-time digital and cash payments network with millions of touchpoints today, Euronet now moves money in all the ways consumers and businesses depend upon. This includes money transfers, credit/debit card processing, ATMs, POS services, branded payments, foreign currency exchange and more. With products and services in more than 200 countries and territories provided through its own brand and branded business segments, Euronet and its financial technologies and networks make participation in the global economy easier, faster and more secure for everyone. A leading global financial technology solutions and payments provider, Euronet has developed an extensive global payments network that includes 55,292 installed ATMs, approximately 949,000 EFT POS terminals and a growing portfolio of outsourced debit and credit card services which are under management in 113 countries; card software solutions; a prepaid processing network of approximately 766,000 POS terminals at approximately 348,000 retailer locations in 64 countries; and a global money transfer network of approximately 595,000 locations serving 198 countries and territories. Euronet serves clients from its corporate headquarters in Leawood, Kansas, USA, and 67 worldwide offices. For more information, please visit the Company's website at www.euronetworldwide.com . Forward-Looking Statements Statements contained in this news release that concern Euronet's or its management's intentions, expectations, or predictions of future performance, are forward-looking statements. Euronet's actual results may vary materially from those anticipated in such forward-looking statements as a result of a number of factors, including: conditions in world financial markets and general economic conditions, including impacts from the COVID-19 or other pandemics; inflation; the war in the Ukraine and the related economic sanctions; military conflicts in the Middle East; our ability to successfully integrate any acquired operations; economic conditions in specific countries and regions; technological developments affecting the market for our products and services; our ability to successfully introduce new products and services; foreign currency exchange rate fluctuations; the effects of any breach of our computer systems or those of our customers or vendors, including our financial processing networks or those of other third parties; interruptions in any of our systems or those of our vendors or other third parties; our ability to renew existing contracts at profitable rates; changes in fees payable for transactions performed for cards bearing international logos or over switching networks such as card transactions on ATMs; our ability to comply with increasingly stringent regulatory requirements, including anti-money laundering, anti-terrorism, anti-bribery, consumer and data protection and privacy; changes in laws and regulations affecting our business, including tax and immigration laws and any laws regulating payments, including dynamic currency conversion transactions; changes in our relationships with, or in fees charged by, our business partners; competition; the outcome of claims and other loss contingencies affecting Euronet; the cost of borrowing (including fluctuations in interest rates), availability of credit and terms of and compliance with debt covenants; and renewal of sources of funding as they expire and the availability of replacement funding. These risks and other risks are described in the Company's filings with the Securities and Exchange Commission, including our Annual Report on Form 10-K, Quarterly Reports on Form 10-Q and Current Reports on Form 8-K. Copies of these filings may be obtained via the SEC's Edgar website or by contacting the Company. Any forward-looking statements made in this release speak only as of the date of this release. Except as may be required by law, Euronet does not intend to update these forward-looking statements and undertakes no duty to any person to provide any such update under any circumstances. The Company regularly posts important information to the investor relations section of its website. © 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.In 2001, President-elect George W. Bush lost his first choice for labor secretary after she misled investigators about housing an undocumented immigrant. In 2009, President Barack Obama’s first health secretary nominee withdrew from consideration over not paying taxes on a car service. And in 2021, President Joe Biden’s first selection to be budget director, Neera Tanden, backed out after her sharply worded social media posts in previous years angered Senate Republicans.