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NBA Strips Clippers of 5 Draft Picks, Fines Ballmer $30M Over Kawhi Scheme
NBA penalizes LA Clippers with five first-round draft picks, $30M fine, and one-year suspension of owner Steve Ballmer for salary cap circumvention involving Kawhi Leonard.
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.
Recycling Plastics Australia Collapses Into Administration, 60 Jobs at Risk
Recycling Plastics Australia enters voluntary administration after supplier insolvency. 60 jobs at risk. Company received $20M federal grant in 2024 to process soft plastics.
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.
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.
US Strikes Iran’s Larak Island; Oil Jumps Above $90 on August 31
U.S. forces struck two Iranian rocket launchers on Larak Island on August 31, the first attack in weeks. Iran fired back with missiles at Jordan bases and drones at UAE targets. Brent crude jumped 2.7% to $90.49.