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The New York attorney general is investigating the parent company of MoviePass, a source familiar with the probe confirmed to CNN Business.The state is looking into whether Helios and Matheson (HMNY) misled investors about its finances, the source said. The investigation is being conducted under New York's Martin Act, an anti-fraud and investor protection law. The existence of the probe was first reported Wednesday by CNBC.The movie subscription service exploded in popularity last year when it began offering customers the ability to watch as many movies in theaters as they wanted for per month. But that business model proved unsustainable, and the company has since changed its subscription plans and pricing as well as the number of movies it makes available to its customers.As the company's troubles worsened this year, its stock price also cratered.Helios and Matheson stock was trading at an all-time high of nearly a share in October 2017. Now the stock is trading at 2 cents — and that's after the company approved a reverse split to boost the price 250-fold earlier this summer.Nasdaq has even warned Helios and Matheson that it could delist the stock.Helios and Matheson and MoviePass did not respond to requests for comment Wednesday.The company is wrestling with other problems as well.Board member Carl Schramm, an economist and Syracuse University professor, recently quit his job and claimed that executives mismanaged the business and withheld crucial information from the board.Purported stockholders have filed two federal class-action complaints against Helios and Matheson in August, claiming the company made "materially false or misleading" statements to the market. The company said at the time that it intended to "vigorously defend" itself and believed the complaints were "without merit."Last month, the company filed new paperwork with the Securities and Exchange Commission indicating that it was going to ask shareholders to vote on another reverse split — one that this time could increase the stock by as much as 500-fold.That meeting was scheduled to happen Thursday. In documents filed with the government on Tuesday, the company said the meeting would be moved to November 1 so stockholders had more time to consider the split before voting. 2323
The manufacturer and marketer behind Bratz dolls and the toy LOL Surprise has spurred a campaign to save Toys R Us, and so far investors are pledging 0 million.Billionaire Isaac Larian is also the marketer who has made the above-mentioned toys a success. In an interview with USA Today, Larian said He and the other investors are seeking to raise another 0 million in order to make a billion bid to acquire the bankrupt Toys R Us.A GoFundMe campaign has been launched to crowdfund this investment idea. People who pledge between %50- will get a special edition Num Noms toy.Bigger pledges get donors bigger special edition toys, USA Today reports.Some Toys R Us stores have posted paper signs on their doors saying liquidation sales, which were supposed to begin today, have been delayed. Company lawyers told US Bankruptcy court on Tuesday that it planned to start sales this Thursday. 922

The messages that enter Shane McDaniel's Facebook inbox are more than messages, they are hopes and prayers.“Shane, I am a Marine Corps veteran and my wife is disabled," one message read.“I worry about my father who has been battling stage 4 cancer," read another.McDaniel and his family try to answer those messages with each piece of wood they toss into a towering pile in Lake Stevens, Washington.“Get my eight kids together and split as much wood as we can," McDaniel explained of his efforts.The family chops, splits, and cuts wood throughout the year, but it's when the temperature drops that he receives countless messages on Facebook from people struggling and looking for a way to stay warm."It’s a lot of messages from people that are just in despair," he said.McDaniel’s drive to donate started three years ago, when he says during a scuba diving lesson, he nearly drowned.“Drowning changes your perspective on what you even own, what you spend your time doing, and I just wanted to make a positive impact,” he said.Each winter since, McDaniel has given firewood to those facing challenges."Our propane bill was almost 0 a month," said Sarah DeRemer, a single mom working multiple jobs.McDaniel brought her firewood last year in an effort to help.“I don’t get handouts. I’ve done everything on my own, for me and my kids, so it's just like, it was hard for me to accept someone being nice to me," DeRemer said.McDaniel helps people fighting many battles, including one he knows all too well. He says he lost his dad and brother to cancer, while his sister is fighting the disease now.Then, there are those fighting battles few will ever understand. People like Cindy Zink.“I’m a 60-year-old woman who was just diagnosed with ALS and this might be my last winter,” she said.Zink doesn’t know how much time she has left.“That’s what God has for me, so I’m going to wake up every day and live that day that he gave me," she said.For however long she will be here, she’ll be warmed by the wood in her fireplace.“It’s a beautiful thing when people come over and it draws them right into the home," Zink expressed.Warmth, especially in the most trying of times, carries a meaning beyond just temperature and flame.“Those are the ones that make you say, you know what, we’re going keep doing this," McDaniel said. 2327
The Justice Department inspector general found that former FBI Deputy Director Andrew McCabe "lacked candor" on four occasions when discussing the disclosure of information for a Wall Street Journal article about the FBI's Clinton Foundation investigation, according to a copy of the report obtained by CNN on Friday.In addition, the inspector general determined that McCabe was not authorized to disclose the existence of the investigation because it was not within the department's "public interest" exception for disclosing ongoing investigations. The inspector general said that the disclosure to the Journal was made "in a manner designed to advance his personal interests at the expense of department leadership."The instances the inspector general cited were McCabe's conversations with federal investigators and also with then-FBI Director James Comey in October 2016. 884
The IRS clarified on Friday that companies will be obligated not to take Social Security taxes from paychecks starting next week running through the end of the year.Nearly all Americans are taxed 6.2% per check to go toward Social Security. For now, barring any action from Congress, most Americans will see larger paychecks through the end of the year. The guidance is based on an executive order signed earlier this month by President Trump in hopes of stimulating the economy.Related: What a payroll tax deferral may mean for your paycheck and taxesThe Social Security tax deferment is applicable to workers who make up to ,000 on a bi-weekly basis. Those making more than ,000 every two weeks will continue to have their Social Security taxes withheld from checks.The deferment is not an actual tax cut, and because the deferment was done via executive order rather than an act of Congress, the taxes will need paid back by April 30, 2021.The White House has said they would like to see the elimination of the Social Security payroll tax be made permanent in an effort to lower the tax burden. Opponents say that eliminating the tax on Americans would make Social Security insolvent.Stephen Goss, the chief actuary for the Social Security Administration, told the US Senate this week that a hypothetical bill that would make the tax deferment permanent would cause Social Security to no longer be able to make payments to beneficiaries by the middle of 2023.For employees making ,000 a year, the elimination of Social Security taxes would result in an extra per paycheck every two weeks. Assuming the employee has eight paychecks left in 2020, that would result in 2 in taxes deferred in 2020, which would be repaid in 2021. For employees making ,000 per year, those figures would be doubled. 1821
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