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micdotcom

Steve Mnuchin may be the latest Trump official to violate ethics agreement

  • Once again, a member of President Donald Trump’s administration is in hot water over potentially unethical conduct.
  • Sen. Ron Wyden (D-Ore.) sent a letter to the director of the Office of Government Ethics alleging that Treasury Secretary Steve Mnuchin may have violated an ethics agreement that prohibits him from promoting his own business interests.
  • Wyden said the alleged violation came during an interview with Mike Allen, a co-founder of the start-up news website Axios, when Mnuchin plugged The Lego Batman Movie. The movie is being produced by Mnuchin’s company, Ratpac-Dune Entertainment.
  • “I’m not allowed to promote anything that I’m involved in,” Mnuchin said during a live interview with Allen on Friday, according to the letter. “So I just want to have the legal disclosure, you’ve asked me the question and I am not promoting any product. But you should all send your kids to Lego Batman.” Read more (3/27/17 4:21 PM)
Steve Mnuchin Trump ethics violation business conflict of interest The Lego Batman Movie news politics arts
eveningstandard-new-yahoopartner

Ladbrokes Coral on a roll at Cheltenham Festival

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Sizing John’s shock victory in the Cheltenham Gold Cup was the icing on the cake for Ladbrokes Coral boss Jim Mullen on Tuesday as the bookmaker put punters to the sword.

Mullen, who also had good news for the City in raising cost-saving targets from the Coral merger to £100 million, cleaned up after favourites were beaten in 23 of the festival’s 28 races.

Sizing John romped home in the big race, beating fancied trio Djakadam, Cue Card and Native River.

The results compare with a disastrous festival last year that triggered a spate of profit warnings across the industry. “It was like night and day,” said Mullen.

Ladbrokes Coral boosted profits 22% to £264 million while digital revenues, which for so long hindered the group, more than doubled to £68 million last year.

But the big threat hanging over the business is a Government review of controversial high-stakes gaming machines, which could cut down stakes from £100 to £2.

Results showed machine takings across its UK shops were up 4% to £802.4 million last year, accounting for more than half of net revenues from its retail business.

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Source: standard.co.uk companies business companynews
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