United States Files Civil Action Against Hobby Lobby

Welcome to Hell: Anti G-20 Protests Erupt at Hamburg

Welcome to Hell: Anti G-20 Protests Erupt at Hamburg

The arts and crafts giant Hobby Lobby will pay a $3 million fine and return over 5,500 Biblical artifacts smuggled out of Iraq.

USA prosecutors said the company was warned against the risk of such items being looted from archaeological sites in Iraq and that improper declaration of country of origin could lead to forfeiture.

There have been many instances that the company should have detected that the artifacts they have bought are suspicious but wilfully ignored them. The company didn't pay the dealer who supposedly owned the items, instead wiring $1.6 million in payment to the accounts of seven other individuals.

Morgan Stanley Reaffirms "Equal Weight" Rating for Third Point Reinsurance Ltd. (TPRE)
Los Angeles Capital Management & Equity holds 0.01% of its portfolio in Third Point Reinsurance Ltd (NYSE:TPRE) for 79,931 shares. The value of the investment in TPRE decreased from $146,179,000 to $101,231,000 a change of $44,948,000 for the reporting period.

Hobby Lobby president Steve Green sits on the board of the Bible Museum, an $800 million project set to open this year on the National Mall in Washington D.C.

The packages that made their way from Israel and the United Arab Emirates to retail outlets owned by Hobby Lobby, the seller of arts and craft supplies, were clearly marked as tile samples.

In September 2011, a package containing about 1,000 clay bullae, an ancient form of inscribed identification, was received by Hobby Lobby from an Israeli dealer and accompanied by a false declaration stating that its country of origin was Israel.

The Commerce Bank Sells 19699 Shares of American Express Company (AXP)
On average, equities analysts expect that American Express Company will post $5.70 earnings per share for the current fiscal year. Royal National Bank & Trust Of Canada has invested 0.01% of its portfolio in Allegheny Technologies Incorporated (NYSE:ATI).

"The company was new to the world of acquiring these items, and did not fully appreciate the complexities of the acquisitions process".

Hobby Lobby is perhaps best known for its Supreme Court victory in a 2014 religious freedom case over contraception.

LLC Raises Position in Bank of America Corporation (BAC)
The stock of Bank of America Corp (NYSE:BAC) has "Market Perform" rating given on Monday, May 16 by Keefe Bruyette & Woods. Other large investors have also bought and sold shares of the company. 207 funds opened positions while 479 raised stakes.

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