China is Russia's best hope to blunt sanctions, but wary
China is the only friend that might help Russia blunt the impact of economic sanctions over its invasion of Ukraine, but President Xi Jinping’s government is giving no sign it might be willing to risk its own access to U.S. and European markets by doing too much.
How Goldman and Morgan Stanley avoided losses after fund meltdown burned Nomura, Credit Suisse
Morgan Stanley sold $15 billion in shares over a few days, avoiding significant losses, CNBC's Leslie Picker reported. Nomura ended Monday down 14%, while Credit Suisse slid 11.5% when the market closed. Calls to Credit Suisse and Nomura weren't returned. Morgan Stanley, Goldman and JPMorgan Chase are the biggest prime brokers in the world, according to sources who track the industry's revenue. Credit Suisse is ranked seventh, while Nomura is outside the top 10.cnbc.com
Russia's reputation, Olympic status on trial for doping
(Alexei Nikolsky, Sputnik, Kremlin Pool Photo via AP, File)GENEVA – Russia’s status as an Olympic team, and its reputation as a serial cheater in international sports, goes on trial next week in more legal fallout from the country's state-backed doping saga. WADA would let Russian athletes compete only if not implicated in doping or cover-ups. WADA says details of doping tests and emails were deleted or changed, and false trails created to frame whistleblowers. The International Olympic Committee refused WADA’s request to ban Russia outright from the 2016 Rio de Janeiro Games. RUSADA rejected WADA’s proposed punishment, and Russian Olympic officials later fired the RUSADA chief executive who acknowledged the wrongdoing.
Police: Man arraigned after being shot at Macomb County gas station while attacking clerks
MACOMB TOWNSHIP, Mich. – A man who was shot several times inside a Macomb County gas station while he attacked the clerks with a liquor bottle was arraigned Tuesday, officials said. What happenedOfficials said 30-year-old Mark Williams from Shelby Township entered the Mobil gas station at Hall and Heydenreich roads in Macomb Township around 8:10 p.m. on Dec. 7. One of the clerks pulled out a gun and shot the man, stopping the attack, officials said. Police said the clerk -- a 28-year-old man from Macomb Township -- holds a valid concealed pistol license. Macomb County deputies said they had been called to a business on Hall Road in Macomb Township earlier Saturday because the same man was acting suspicious.
Groom among 3 arrested in Pittsburgh wedding brawl
Groom among 3 arrested in Pittsburgh wedding brawl A fight broke out at a Pittsburgh, Pennsylvania, wedding, after 33-year-old groom Mark Williams allegedly became "touchy-feely" with a pregnant reception worker. KDKA-TV's Marty Griffin reports.cbsnews.com