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NBA Strips Clippers of Five Draft Picks, Fines $30M Over Kawhi Leonard Scandal
NBA penalizes LA Clippers $30 million and strips five first-round picks for salary cap violations involving Kawhi Leonard. Owner Steve Ballmer suspended one year.
Braith Anasta Quits Player Agent Role as NRL Cracks Down on Media Conflicts
Braith Anasta steps down as a player agent to focus on Fox League hosting after the NRL introduces stricter conflict of interest rules for media personalities.
Square Enix Stock Falls 6% After Denying Privatization Rumors on September 2
Square Enix Holdings (9684.T) denies privatization rumors after stock jumped 7%. Company states it is not considering going private. Stock falls 6% on September 2 after denial.
Amazon Drops 2.5% as FTC Sues Over $20B Ad Surcharge Scheme
FTC and 22 states sue Amazon for allegedly manipulating ad auctions with hidden surcharges costing advertisers $20 billion. Stock falls 2.5% as legal pressure mounts.
Indiana Ends Ambulance Diversion Policy Starting September 1, 2026
Indiana hospitals can no longer divert ambulances due to overcrowding starting September 1, 2026. The state joins Massachusetts and Rhode Island in ending the 25-year practice that delayed critical care.
Two Singapore Wealth Gurus Declared Bankrupt; S$5M Investor Funds at Risk
Lim Jian Bin and Jason Fong Wai Hong, who promised guaranteed 15% returns, declared bankrupt in July and April 2026. Over 50 investors have S$5 million tied up in their schemes. Police investigating.
Microsoft Outlook Outage Hits Millions Globally on August 31
Microsoft Outlook outage on August 31 affected millions globally. Authentication failure in Exchange Online disrupted email, Teams, OneDrive. Services recovering but search issues persist.
Maggie Beer Holdings Posts $9.5M Loss After Shopify Migration Cuts Search Traffic
Maggie Beer Holdings posts $9.5M loss after Shopify upgrade cuts organic search traffic 38% in peak season. Hampers division sales fell 6.3% despite $800k emergency marketing spend.
Partners Group Stock Drops 9.7% as H1 Profit Falls 13%, CEO to Step Down
Partners Group stock plunges 9.7% after H1 profit fell 13% to CHF 502 million. CEO David Layton to return to investment role; co-CEO structure returns January 2027.