News That Matters

Tag: millions

If you hit the $502 million Mega Millions jackpot, here's how to keep it quiet

If you hit the $502 million Mega Millions jackpot, here's how to keep it quiet

Finance
With the Mega Millions jackpot swelling to at least $ 502 million for Friday night's drawing, many ticket holders likely are daydreaming about what they'd do with that kind of money.They also should be thinking about how they would protect their identity if they win big.Experts say it's the most important step to take to protect your sudden wealth. It also isn't always an easy thing to do.While some states allow winners to easily remain anonymous when they collect their winnings, others do not. In some places, you can create a trust to receive the money to avoid your name being attached to the cash, as long as you plan ahead.Whether you can shield your identity or not, you should assemble a team of professionals who are experienced in helping lottery winners. That includes an attorney — th
Millions in gems stolen in gun raid at Paris Ritz

Millions in gems stolen in gun raid at Paris Ritz

World
Armed robbers have raided the Ritz Hotel in Paris and stolen jewellery thought to be worth millions of euros.The axe-wielding thieves made off with the jewels after smashing the windows of the world-famous hotel in the French capital, police said.The stolen items are worth "several million euros", a police source added.TV station BFM said the jewels were worth €4.7m (£4.16m).Three suspects have been detained and two others are on the run, the source said.A witness told Sky News they heard "at least 10 rounds of gunfire".Video:Aftermath of Paris robbery Nik said: "My parents and I were sitting at the Hemingway Bar at the Ritz for a drink and we were about to leave when we heard shouting from the bartenders to get down."One man wearing a ski mask ran right from the bar door to the front righ
Major flaw in millions of Intel chips revealed

Major flaw in millions of Intel chips revealed

Technology
A serious flaw in the design of Intel's chips will require Microsoft, Linux and Apple to update operating systems for computers around the world.It is believed to affect chips in millions of computers from the last decade.The UK's National Cyber Security Centre (NCSC) said it was aware of the issue and that patches were being produced. In response, Intel said the issue was not limited to its processors and that it was working on a fix."Based on analysis to date, many types of computing devices - with many different vendors' processors and operating systems - are susceptible to these exploits," it said in a statement.It said it was working to "develop an industry-wide approach to resolve this issue promptly and constructively"."Intel has begun providing software and firmware updates to miti...
UK railway pension fund investing millions in music

UK railway pension fund investing millions in music

Finance
Of the many alternative investments outside stocks and bonds that pension funds can buy, a few are putting retirement money into music copyrights.RPMI Railpen, the manager of one of the largest and oldest UK pension funds, is leading a $ 345 million investment in a fund rolled out Monday by Kobalt Capital, the subsidiary of music royalties collection and technology company Kobalt."With low expected returns from many traditional asset classes, we are prepared to allocate in alternative investments that can help us to pay members' pensions well into the future," Craig Heron, deputy investment director, RPMI Railpen, told CNBC this week in an email. Through the fund, Railpen buys music copyrights and receives royalties collected by Kobalt."This is an innovative investment opportunity that off...