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Guggenheim Partners, overseen by billionaire Mark Walter, is facing a lawsuit claiming it defrauded annuity investors by saddling an insurance affiliate with risky assets, and siphoning cash for purposes including Walter's purchase of the Los Angeles Dodgers baseball team. It came as Guggenheim, which said it has more than $305 billion of assets under management, tries to quell client concerns after a year of bad press over its corporate culture. Guggenheim in April said it was cooperating with a U.S. Securities and Exchange Commission probe into an asset management unit. Continue to Article

July 02, 2018 12:30:pm EST

NBA Twitter is melting in response to the official news that LeBron James will join the Lakers. (Getty Images) If you haven’t heard already, LeBron James is headed to Los Angeles. He’ll sign a 4-year, $154 million deal with the Lakers, and NBA Twitter Continue to Article

July 01, 2018 8:36:pm EST

By Rory Carroll LOS ANGELES (Reuters) - Los Angeles Dodgers utility player Enrique Hernandez on Friday said money he raised to help Puerto Rico recover from last year's deadly Hurricane Maria will be spent in the coming weeks to build more than 100 homes, but more aid is needed. Hernandez and his fiance raised more than $120,000 for aid group Habitat for Humanity in the aftermath of the storm and the Dodgers and team owner Mark Walter donated an additional $2 million in March. Hernandez said the group will begin building the homes in the coming weeks now that the building permits have been finalized. Continue to Article

June 29, 2018 8:24:pm EST

Los Angeles Dodgers utility player Enrique Hernandez on Friday said money he raised to help Puerto Rico recover from last year's deadly Hurricane Maria will be spent in the coming weeks to build more than 100 homes, but more aid is needed. Hernandez and his fiance raised more than $120,000 for aid group Habitat for Humanity in the aftermath of the storm and the Dodgers and team owner Mark Walter donated an additional $2 million in March. Hernandez said the group will begin building the homes in the coming weeks now that the building permits have been finalized. Continue to Article

June 29, 2018 8:24:pm EST

With an appearance at an engagement party Thursday in Mumbai, Nick Jonas and Priyanka Chopra continue their love tour o India. Priyanka stunned in a red sari for the party, while Nick wore a sharp blue suit. Nick and Priyanka have been spending a lot of time together lately. Continue to Article

June 29, 2018 3:47:pm EST