Jun 11, 2018

U.S. Treasury slaps sanctions on Russian firms for cyberattacks

Photo: Alexei Nikolsky\TASS via Getty Images

The U.S. Treasury has sanctioned several Russian entities and individuals for their role in international cyberattacks spearheaded by Russian intelligence agency the FSB, including the NotPetya malware and attacks on the U.S. energy system.

What they're saying: "The United States is committed to aggressively targeting any entity or individual working at the direction of the FSB whose work threatens the United States and will continue to utilize our sanctions authorities," said Secretary Steven Mnuchin in a written statement.

The sanctions target companies Digital Security (as well as it's subsidiaries Embedi and ERPScan), Kvant Scientific Research Institute and Divetechnoservices as well as Divetechnoservices owner Vladimir Yakovlevich Kaganskiy and personnel Aleksandr Lvovich Tribun and Oleg Sergeyevich Chirikov

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Bob Iger to step down as CEO of Disney

Photo: Jeff Kravitz/FilmMagic

The Walt Disney Company said Tuesday that it had named longtime Disney executive Bob Chapek as CEO Bob Iger's successor, effectively immediately. Iger will remain executive chairman of the company through 2021.

Why it matters: Iger is credited with having successfully turned around Disney’s animation and studio businesses and with the strategic acquisition of Marvel, Pixar, Lucasfilm and 21st Century Fox. Most recently, he was the person behind Disney's successful launch of its Netflix rival Disney+.

India gives Trump warm welcome as brutal protests rip New Delhi apart

People supporting India's new citizenship law beat a Muslim man in New Delhi, India. Photo: Danish Siddiqui/TPX/Reuters

While President Trump enjoys a hero's welcome in India, that nation's capital is being torn apart by violent protests between Hindus and Muslims.

The state of play: At least 186 people — 56 police officers and 130 protesters — have been injured and 10 killed in recent clashes, a New Delhi police spokesperson told the AP.

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Wall Street sees 2nd day of brutal sell-off

Photo: Johannes Eisele/AF via Getty Images

The stock market fell another 3% on Tuesday, following Monday’s sell-off. Bond yields touched record lows.

The big picture: Stocks continued to fall as the CDC said it expects the coronavirus to spread in the U.S. The Dow and S&P are more than 7% below the record highs seen earlier this month.