Genesis Owes Clients $3B, DCG Seeks to Offload Assets: Report

UTA’s Beverly Hills Office Closed Due To Power Outage From Storm

United Talent Agency’s headquarters in Beverly Hills are closed due to a power outage from the heavy rains that pelted the state earlier this week.

The damage to the electrical system forced the office to close yesterday, according to a spokesperson. Workers are still assessing what repairs are needed so it’s unclear when the headquarters will reopen.

UTA’s other locations in Los Angeles were not impacted.

Heavy rains are expected to return this weekend and continue through Tuesday.

Must Read Stories

First Monthly Hike Since Launch Vaults It Ahead Of Netflix In Streaming Price Ranks

Says Revenue Will Hit $3.2B In First Look At Production Giant’s Earnings

‘The Flash’ Star Cuts Plea Deal Ahead Of Vermont Burglary Hearing

Breaking Baz: On ‘Spare’ & The Toxic Relationship Between Fleet Street & Buckingham Palace

LG Electronics Recalls 86-Inch Smart TVs In US

South Korean giant LG Electronics has recalled about 52,000 86-inch smart TVs in the US due to risk of tip-over.

According to the Consumer Product Safety Commission, the TV can become unstable while on the assembled stand, posing serious tip-over and entrapment hazards that can result in injuries or death to children and others.

The company said it has received 22 reports of TV stand instability, resulting in 12 reports of tip-overs. No injuries have been reported.

LG has asked its customers using the TV’s supporting stand legs should immediately detach it and place the television in a safe location away from children. Consumers should contact LG Electronics for instructions on how to inspect the unit and to obtain replacement screws and stand parts, including help from a technician for a free repair.

The recalled products were sold at Walmart, Best Buy, Costco and other stores nationwide and online at Amazon.com, Walmart.com, Bestbuy.com and Costco.com from March 2022 through September 2022 for between $1,100 and $1,900.

The recall involves four LG Electronics 86-inch smart TV models with model numbers 86UQ8000AUB, 86UQ7070ZUD, 86UQ7590PUD, and 86NANO75UQA.

BISSELL Recalls 61,000 Cordless Wet Dry Vacuums

BISSELL has recalled about 61,000 cordless multi-surface wet dry vacuums due to risk of fire.

The company has recalled wet dry vacuums models 2551, 2551W and 25519. The circuit board inside the vacuum’s battery pack can overheat and smoke, posing a fire hazard.

The company said it received 66 reports of the vacuum smoking and emitting a burning odor, including five reports of the battery pack catching on fire, three of which resulted in minor property damage and one resulting in a burn injury.

BISSELL has asked customers to immediately stop using the recalled vacuums and contact the company for a free battery pack replacement. Consumers can either take the product to a local BISSELL authorized service center for a free battery pack replacement or schedule a free in-home repair visit from an authorized BISSELL service technician to replace the existing battery pack.

The recalled products were sold at Walmart stores nationwide and online at www.bissell.com, www.walmart.com, www.qvc.com, www.amazon.com, www.costco.com, www.fingerhut.com, www.acehardware.com, www.kohls.com, and www.wayfair.com from January 2019 through November 2022 for about $360.

Can Craft Beer Companies Rescue Malt Liquor’s Reputation?

Long maligned for being strong, cheap and irresponsibly marketed, the beer is getting new attention and innovation.

Send any friend a story

As a subscriber, you have 10 gift articles to give each month. Anyone can read what you share.

By Joshua M. Bernstein

Shaw Communications Inc. Q1 Profit Falls, misses estimates

Shaw Communications Inc. (SJR) reported a profit for first quarter that decreased from last year and missed the Street estimates.

The company’s earnings came in at C$168 million, or C$0.34 per share. This compares with C$196 million, or C$0.39 per share, in last year’s first quarter.

Analysts on average had expected the company to earn C$0.38 per share, according to figures compiled by Thomson Reuters. Analysts’ estimates typically exclude special items.

The company’s revenue for the quarter fell 1.4% to C$1.37 billion from C$1.39 billion last year.

Shaw Communications Inc. earnings at a glance (GAAP) :

-Earnings (Q1): C$168 Mln. vs. C$196 Mln. last year.
-EPS (Q1): C$0.34 vs. C$0.39 last year.
-Analyst Estimates: C$0.38
-Revenue (Q1): C$1.37 Bln vs. C$1.39 Bln last year.

Genesis Owes Clients $3B, DCG Seeks to Offload Assets: Report

According to FT, crypto broker Genesis owes up to $3 billion to clients, and its parent company is looking to offload assets to raise money.

Genesis has been in the news lately after it halted withdrawals in November.

In recent news, Gemini CEO and co-founder Cameron Winklevoss accused DCG of defrauding its Earn users and asked for DCG’s CEO to step down.

DCG has one of the biggest venture portfolios in the crypto world including firms like Coinbase, FTX, Kraken and Blockchain.com.

This article originally appeared on The Tokenist

Sponsored: Tips for Investing

A financial advisor can help you understand the advantages and disadvantages of investment properties. Finding a qualified financial advisor doesn’t have to be hard. SmartAsset’s free tool matches you with up to three financial advisors who serve your area, and you can interview your advisor matches at no cost to decide which one is right for you. If you’re ready to find an advisor who can help you achieve your financial goals, get started now.

Investing in real estate can diversify your portfolio. But expanding your horizons may add additional costs. If you’re an investor looking to minimize expenses, consider checking out online brokerages. They often offer low investment fees, helping you maximize your profit.