Daily Archives: February 20, 2017


3 Men Convicted in $110 million Paris Modern Art Heist

An agile thief nicknamed “Spiderman,” an antiques dealer and an art expert were sentenced to prison Monday and ordered to pay Paris for stealing five masterpieces from the city’s Modern Art Museum worth 104 million euros ($110 million.) The paintings — by Picasso, Matisse, Modigliani, Braque and Fernand Leger — have not been seen since the dramatic 2010 heist. The Paris court convicted “Spiderman” Vjeran Tomic of stealing the paintings and sentenced him to eight years in prison. Jean-Michel Corvez, the antiques dealer who orchestrated the theft, was sentenced to …


AP, Other Media Ask Judge to Order Release of iPhone Records

The Associated Press and two other news organizations asked a judge Monday to force the federal government to reveal how much it paid for a tool to unlock an iPhone used by one of the San Bernardino, California, shooters. The news organizations said in a court filing there was “no adequate justification” for the FBI to continue to withhold information on the cost of the tool or the identity of the vendor that sold it. They said their requests were narrowly tailored and, contrary to the arguments of the FBI …


ESM Head: Greece Needs ‘Far Less’ Money Than Agreed in Third Bailout

Greece will need less in emergency loans from international lenders than originally agreed in its third bailout program due to a better-than-expected budgetary developments, the head of the eurozone bailout fund was reported on Monday as saying. Klaus Regling told German newspaper Bild that at the end of Greece’s money-for-reforms package in August 2018, the European Stability Mechanism (ESM) will “probably have paid out far less than the agreed maximum amount of 86 billion euros” because the Greek budget was developing better than expected. The comments came shortly before eurozone …


Alibaba Extends Bricks-and mortar Retail Push With Bailian Deal

Chinese tech giant Alibaba Group Holding Ltd has formed a strategic partnership with retail conglomerate Bailian Group, extending a push into bricks-and-mortar retail as online growth slows. The move comes on the heels of a recent purchase of a stake in retailer Suning Commerce Group Co Ltd as well as plans to take a controlling stake in Intime Retail Group Co Ltd and privatize it. There are currently no plans for financial investment, an Alibaba spokesman said. Shanghai-based Bailian Group is one of China’s largest retailers by sales, operating 4,700 …