Sep 06 2018
Scandal-hit USA blood-testing start-up Theranos is to formally dissolve, the firm's chief executive David Taylor has told shareholders in an email. Holmes said she was inspired to start the company in response to her fear of needles.
The indictment by the U.S. Attorney in San Francisco alleging wire fraud follows claims by the U.S. Securities and Exchange Commission that Theranos, Holmes and Balwani lied about its technology while raising more than $700 million to build the medical-testing startup.
Theranos Chief Executive Officer Elizabeth Holmes speaks on stage at the Glamour Women of the Year Awards where she receives an award, in the Manhattan borough of NY, U.S., November 9, 2015.
But Theranos' blood-testing machines weren't reliable, and the company itself relied on other companies' devices to run blood tests.
Trump's Labour Day surprise: an attack on union leader
The US president warned Congress against interfering, threatening to kill the deal single-handedly. President Donald Trump took time on Labor Day to attack one of the country's top labor leaders.
Manafort associate charged over illegal lobbying for Ukraine's pro-Russian politicians
District Court for the District of Columbia where he entered a guilty plea to one count of failing to register as a foreign agent. He also helped a foreign individual draft op-ed columns intended for the US news media, authorities say.
Iranian presence in Syria on tap for key US, Russia meeting
The two failed to release a joint statement due to disagreements on the subject of election meddling , which was raised several times during the meeting , says Bolton .
Taylor's email to shareholders was also reported by the Financial Times.
The Fortress Investment Group loaned $65 million to Theranos a year ago, with one condition being that Theranos maintain a cash level that has now been breached-hence the dissolution process that will play out over the coming months.
"Holmes and Balwani knew that many of their representations about the analyzer were false", the Justice Department said when the charges were announced in June.
Holmes and Balwani are accused of faking demonstrations of the technology, lying to investors about the anticipated returns, lying to the media, lying about the deployment of the technology on the battlefield, using third-party equipment to conduct tests while claiming to use Theranos's own gear, and misrepresenting the progress of a partnership with Walgreens (wba).
In March, Ms Holmes settled charges with the Securities and Exchange Commission, a top United States financial regulator. Holmes settled with the SEC by agreeing to pay $500,000 in fines and penalties, while Balwani is fighting the charges.
Sep 06 2018
Facebook, Twitter defend efforts to stop election meddling
Instead, a spokesperson for the committee said they may just leave a chair empty next to Sandberg and Dorsey. The other executive is chief legal officer and senior vice president of global affairs Kent Walker.
Sep 05 2018
Malaysia: Women caned in public for lesbian act
Sharia law enforcement officers in Terengganu identified the two women attempting to engage in sexual acts in a auto in April. Malaysia's Muslims have generally been seen as moderate but there are concerns the community is becoming more conservative.
Sep 04 2018
China hosts African leaders amid aid criticism
China has poured billions in loans for roads, railways, ports and other major infrastructure projects in Asia and Africa. He also voiced hope that Chinese and African companies could find new ways to cooperate in the field of technology.
Sep 03 2018
Lacazette strike gives Arsenal victory away to Cardiff
Today was no different, his distribution was poor and his goalkeeping for the first goal could have been much better. Pierre-Emerick Aubameyang is yet to find the net this term, and this match would be a good time to start.
Sep 02 2018
Guardiola 'happy' with Sane attitude despite dropping him from Man City squad
First he saves from Fernandinho, then he gathers himself to block Silva's rebound before making denying the Spaniard once more. Newcastle hung in there, however, and equalised on the half-hour mark with a well-worked goal .
Sep 01 2018
NM Compound Leaders Released After Prosecutors Fail to Meet Deadline
Gallegos said his office is now looking at two: refile the charges or take the cases before a grand jury. Prosecutors now have the choice to refill the charges, or seek a grand jury indictment against them.
Sep 01 2018
Trump cancels pay raise for federal workers
For 2019, the administration is projecting the deficit will top $ 1 trillion and stay above that level for the next three years. The state with the largest number of federal workers is California, followed by Virginia, the District of Columbia and Texas.
Aug 30 2018
Jose Mourinho left Man Utd's dressing room feeling 'uncomfortable' after Spurs loss
The Portuguese manager still retains the support of the Old Trafford hierarchy, yet Mourinho surely knows United are in a hole.
Aug 28 2018
Myanmar’s army 'killed Muslim Rohingyas with genocidal intent’
Security Council to set up an ad hoc tribunal to try suspects or refer them to the International Criminal Court in the Hague. Those it recommended as "priority subjects for investigation and prosecution" included top commander Senior Gen.
Aug 27 2018
Fed's Powell signals more hikes ahead if United States economy remains strong
The rate is now at a range of 1.75 percent to 2 percent, well above the near-zero level the Fed kept it at from late 2008 to 2015 but still historically low.
Sep 02 2018McCain honored with words aimed at Trump
Sep 02 2018International Space Station crew fix leak in Russian craft
Sep 01 2018Watch Faith Hill Perform at Aretha Franklin's Funeral
Aug 31 2018US Open: Rafael Nadal advances after David Ferrer retires
Aug 30 2018Yaya Toure passes medical at unnamed London club according to agent
Aug 28 2018'Not blood and soil': McCain's farewell message to Americans criticizes Trump
Aug 27 2018Trump Organization CFO Allen Weisselberg reportedly granted immunity
Aug 26 2018Islamabad denies Pompeo, Khan discussed terrorism in Pakistan
Aug 26 2018Unai Emery explains Mesut Ozil absence for West Ham as conspiracies swirl
Aug 23 2018Hurricane Lane: Holiday hotspot braced for LIFE THREATENING conditions
Sep 06 2018IPhone Xs Max could be the name of Apple's best phone yet
Sep 05 2018Colton Underwood Breaks Up with Tia Booth on 'Bachelor in Paradise'
Sep 05 2018Comedians Got Steve Bannon Kicked From New Yorker Festival
Sep 03 2018Deal close on 4-player trade with Suns, Rockets
Aug 31 2018Apple iPhone X 2018 series: Invite confirms September 12 launch
Aug 31 2018South Florida pastors denounce DeSantis for his 'monkey this up' remark
Aug 30 2018Ryan Giggs: 'Jose Mourinho is the right man for Manchester United'
Aug 28 2018US, Mexico reach trade "understanding", Trump threatens to cut out Canada
Aug 27 2018Prolific playwright Neil Simon dead at 91
Aug 25 2018Trump says he knew about payments 'later'
Aug 25 2018Air quality reaches hazardous levels in Spokane
Aug 25 2018Chelsea boss Sarri confident of Hazard commitment, but Loftus-Cheek...?