
He was married to one of the world's most notorious sex traffickers. But the CEO rebounded spectacularly... and is living like a king
Scott Borgerson, 49, a former tech company CEO, is now shacked up with current girlfriend Kris McGinn, 52, at a four-bedroom property in Essex, just five miles up Cape Ann from the $7.3million mansion he once shared with Jeffrey Epstein 's infamous enabler as husband and wife.
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Reuters
22 minutes ago
- Reuters
Loews' quarterly profit rises on investment income, strong insurance unit
Aug 4 (Reuters) - Loews Corp (L.N), opens new tab reported a rise in second-quarter profit on Monday, helped by higher investment income and strong performance in its insurance unit. U.S. stocks staged a rebound following weeks of tariff-driven turbulence, as signs of easing trade tensions and hopes for renewed trade negotiations between Washington and key trading partners helped calm investor nerves, easing fears of a prolonged economic fallout. The New York-based company's investment income rose to $714 million in the quarter compared with $639 million a year earlier. The company rakes in the bulk of its revenue from CNA Financial (CNA.N), opens new tab, the insurance giant in which it owns a dominant 90% stake, according to LSEG data. Loews' insurance unit's property and casualty catastrophe losses were $62 million, compared with $82 million a year earlier, while net written premiums increased by 6%. Spending on insurance products by individuals and corporations has remained resilient despite economic uncertainty. Net income attributable to Loews rose to $391 million, or $1.87 per share, in the three months ended June 30, compared with $369 million, or $1.67 per share, a year earlier. Loews, which also operates in energy, hospitality and packaging through subsidiaries including Boardwalk Pipelines, Loews Hotels and Altium Packaging, reported total revenue of $4.56 billion, up from $4.27 billion last year. The company's stock rose nearly 6.6% so far this year, compared with the 6.1% rise in the benchmark S&P 500 index (.SPX), opens new tab.


The Independent
23 minutes ago
- The Independent
State Department could soon ask visa applicants to pay up to $15,000 to enter the US
The US State Department is proposing a significant new requirement for business and tourist visa applicants, potentially demanding a bond of up to $15,000 to enter the United States. This move could render the process unaffordable for many prospective visitors. A notice, due for publication in the Federal Register on Tuesday, outlines a 12-month pilot programme. Under this scheme, individuals from nations identified as having high visa overstay rates or deficient internal document security controls could be compelled to post bonds of $5,000, $10,000 or $15,000 when applying for a visa. The programme, set to commence within 15 days of its formal publication, is deemed essential to shield the US government from financial liability should a visitor fail to adhere to their visa terms. The notice specifies that "Aliens applying for visas as temporary visitors for business or pleasure and who are nationals of countries identified by the department as having high visa overstay rates, where screening and vetting information is deemed deficient, or offering citizenship by investment, if the alien obtained citizenship with no residency requirement, may be subject to the pilot program." The specific countries affected will be listed once the initiative begins. Citizens of countries participating in the Visa Waiver Programme would be exempt from the bond requirement, and waivers could also be granted based on an applicant's individual circumstances. While visa bonds have been mooted previously but never implemented, the State Department had traditionally discouraged them due to the administrative burden and potential public misperceptions. However, the department now asserts that this prior stance "is not supported by any recent examples or evidence, as visa bonds have not generally been required in any recent period."


The Independent
23 minutes ago
- The Independent
Police arrest man suspected of shooting driver who crashed into an LA crowd
Police have arrested the man suspected of shooting the driver who rammed his car into a crowd outside a Los Angeles nightclub last month. The car crashed into a crowd of patrons leaving the Vermont Hollywood venue in the early hours of July 19 along a busy boulevard in East Hollywood, leading bystanders to attack the driver, authorities said. The driver was later found to have been shot in the lower back and the suspect escaped on foot, according to police. Efrain Villalobos, 28, was arrested Sunday afternoon in Redondo Beach, about 12 miles (19.3 kilometers) south of LA. He was booked on suspicion of attempted murder without bail. A phone number for Villalobos or family members could not be found in an online database search and the public defender's office did not immediately respond to an emailed request for comment. The driver, 29-year-old Fernando Ramirez, was initially taken to a hospital. His car came to a stop after colliding with several food carts, which became lodged underneath the vehicle. Some people were briefly trapped beneath the vehicle, police said. At least 23 people were taken to the hospital, with injuries ranging from minor pain to serious fractures and lacerations. Police have not released information on whether Villalobos knew the driver, or what the driver's motive was in the crash. Ramirez was charged with 37 felony counts of attempted murder and 37 felony counts of assault with a deadly weapon. If convicted, he could face multiple sentences of life imprisonment.