U.S. charges ousted Hollywood executive with defrauding pandemic loan program, BlackRock fund

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NEW YORK (Reuters) – U.S. prosecutors have charged the recently ousted owner of a Hollywood movie distributor with defrauding a federal coronavirus emergency relief program and a BlackRock Inc (BLK.N) investment fund, including to pay for a Beverly Hills mansion and other luxuries.

FILE PHOTO: A sign for BlackRock Inc hangs above their building in New York U.S., July 16, 2018. REUTERS/Lucas Jackson

Prosecutors said William Sadleir, 66, diverted much of the $1.7 million of loans he received on May 1 from the Paycheck Protection Program for personal expenses.

He allegedly did this after falsely telling JPMorgan Chase

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United Airlines CEO Kirby’s annual base salary lower than predecessor

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FILE PHOTO: United Airlines president Scott Kirby speaks before the departure of the “Flight for the Planet”, the most eco-friendly commercial flight in history of aviation, according to the airline, from O’Hare International Airport to Los Angeles, in Chicago, Illinois, U.S., June 5, 2019. REUTERS/Kamil Krzaczynski

(Reuters) – United Airlines Holdings Inc said on Friday it would pay Chief Executive Officer Scott Kirby an annual base salary of $1 million, lower than what prior head Oscar Munoz received.

The compensation committee also approved an annual base salary of $775,000 for President Brett Hart, less than what Kirby got in the

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U.S. agencies ask FCC to rescind Ligado spectrum decision

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FILE PHOTO: The Federal Communications Commission (FCC) logo is seen in Washington February 26, 2015. REUTERS/Yuri Gripas/File Photo

WASHINGTON (Reuters) – A group of U.S. agencies on Friday asked the Federal Communications Commission (FCC) to reconsider its unanimous April 22 decision to allow Ligado Networks [MOSAV.UL] to deploy a low-power nationwide mobile broadband network, saying it could pose a threat to global positioning systems (GPS).

The U.S. Commerce Department’s National Telecommunications and Information Administration filed a request on behalf of executive branch agencies, including the Defense and Transportation departments, saying the approval will cause “irreparable harms to federal government users”

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Organizers cancel 2020 New York auto show

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FILE PHOTO: A General view of part of the floor at the New York Auto Show being held in the Manhattan borough of New York City, New York, U.S., March 29, 2018. REUTERS/Shannon Stapleton

(Reuters) – Organizers said Friday they were canceling the 2020 New York auto show that had previously been pushed back until August, citing the ongoing coronavirus pandemic and the venue’s use as a field hospital.

The show, which was initially set for early April and is typically used to unveil new vehicles, was set to take place at the Javits Convention Center. However, the center is

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