Greece Handed New Terms as Tsipras Approaches Decision Time (Bloomberg)
The latest exchanges underscore the febrile nature of the negotiations as they enter the final hours before the country’s bailout -- and finances -- run out. Greek markets dropped on Wednesday as Tsipras took to Twitter to chide his country’s creditors for not accepting a list of measures including tax increases and curbs on early retirement that he had submitted on Monday.
Rogue trader Kweku Adoboli released from prison (FT)
Britain's costliest rogue trader is out of prison after serving about half his seven-year sentence. Kweku Adoboli, who lost $2.3bn at UBS through unauthorised trading, was released last week from Maidstone prison in Kent, England...He spent nearly nine months behind bars awaiting trial and has served an additional two and a half year since his November 2012 fraud conviction Now 35, he will no longer be able to work in finance, something he has done since leaving the University of Nottingham.
Hedge Funds Score Big Gains (WSJ)
Markets the world over have been muddled in recent months by political tensions surrounding Greece and reservations about the Federal Reserve’s expected interest-rate increase. The uncertainty has crimped results for investors large and small who piled en masse in recent years into exchange-traded funds that hug closely to now-languishing stock and bond indexes. For hedge-fund managers including John Paulson, Dinakar Singh and David Tepper, however, the mixed signals in the market this year are proving profitable fodder and come after years of lackluster performance for the industry. They are up double-digit percentages, representing billions of dollars in trading gains and their largest lead over benchmarks in years.
American Apparel details allegations of sexual misconduct by ousted CEO (Reuters)
Clothing company American Apparel has accused ousted founder Dov Charney of using ethnic slurs against workers and keeping videos on a company server of himself in sex acts with models and employees, recently filed court papers show.
Dealbreaker Dramatic Reading Night Returns TONIGHT (DB)
Buy your ticket now or reevaluate what you're doing with your life.
16 different police departments respond to wedding brawl in Pennsylvania (UPI)
More than a dozen different police departments in a southeastern Pennsylvania county responded to a wedding brawl that grew violently out of control Monday night, according to reports. Police arrested seven people -- including the groom -- during the altercation in Ontelaunee Township, which reportedly began over a guest letting her 14-year-old son drink alcohol. Officers from Northern Berks Regional Police were the first on scene, but they called for reinforcements after guests, some shirtless and bloodied, threatened them. Police from 16 different departments across Berks County responded and attempted to control the crowd. Police say one guest was unfazed after an officer twice used a stun gun on him, and the groom, Nicholas Papoutsis, 31, reportedly challenged police to fight before being subdued and charged with disorderly conduct, interfering with the administration of law and public drunkenness.
Exclusive: SoulCycle taps banks for 2015 IPO (Reuters)
SoulCycle's IPO preparations underscore the growing popularity of boutique chains that cater to specific workout methods such as spinning, yoga and barre. The chains, which often charge per class rather than a monthly membership fee, have been taking market share from traditional big-box gyms. New York-based SoulCycle, which charges around $34 for a 45-minute spin session, is working with Goldman Sachs and Bank of America on the potential stock market flotation, the sources said this week.
Lexus Builds a Functional Hoverboard Prototype (Bloomberg)
The board uses liquid nitrogen-cooled superconductors and magnets, according to the Lexus website. The technology is already zooming around Toyota's home country. A Japanese railway company last year set a new world speed record using a magnetic-levitation train. Toyota tipped its hand a year ago that it’s been experimenting with this for cars.
Canada Has A Hampton's And It's Booming (Bloomberg)
the Muskoka Region -- just Muskoka to the initiated -- is the world’s second-fastest growing recreational real estate market after Cote d’Azur, France, according to Christie’s International Real Estate. The Canadian sanctuary, once given away for free by the government and now a treasured spot for the titans of business, is attracting American investors who want a rustic retreat that comes with 800-thread-count sheets...Lake Joseph, Rosseau and Muskoka are the three major lakes among the hundreds that make up the Muskoka Region. A hunting ground in the 1700s for trappers working for the Hudson’s Bay Co., Canada’s oldest retailer, the land is now dotted with forested estates like Cynamon’s, many only visible from a plane or boat. Here, 200 kilometers (124 miles) north of Toronto, Canada’s largest city, cottaging is a verb and all estates are called cottages -- no matter the size.
Shawskank had closet sex with killer at least 100 times: ex-inmate (NYP)
Prison worker Joyce “Tillie” Mitchell had sex at least 100 times in a sewing-shop storage closet with one of the convicted killers she helped spring, a former inmate told The Post — hours after her clueless husband insisted she never could have bedded the escaped criminals. Mitchell spent her jailhouse days giggling, chatting and showering gifts on convicted cop-killer David Sweat in the Clinton Correctional Facility workplace she was supposed to be supervising, said the former prisoner, Erik Jensen. She would routinely end her shift by disappearing into the 8-foot-by-15-foot stockroom with the 35-year-old Sweat for at least a half-hour at a time, said Jensen. “He was getting it on with her,” Jensen said. “Or she was doing sexual favors for him.”