Tensions between Japan and South Korea come as the U.S. and its trading partners are embroiled in a global trade war.Technologyread more
The one-to-eight stock split would mean the current number of ordinary shares — which stands at 4 billion — will increase to 32 billion. It comes ahead of a reported Hong Kong...Asia Marketsread more
Minutes from the Reserve Bank of Australia's monetary policy meeting in July showed the central bank was ready to adjust interest rates if required.Asia Marketsread more
Current and former Tesla employees working in the company's open-air "tent" factory say they felt pressure to take shortcuts to hit aggressive Model 3 production goals,...Technologyread more
China's fiscal spending increased 10.7% in the first six months from a year earlier, the finance ministry said on Tuesday, underlining the government's bid to support the...China Economyread more
The findings by McKinsey and Company come amid a year-long tariff fight between the U.S. and China, which has spilled into areas such as technology and security.China Economyread more
Microsoft's considerable reach into the corporate world isn't something Slack CEO Stewart Butterfield is very concerned about.Technologyread more
A devastating outbreak of African swine fever that has killed millions of pigs in China is changing attitudes in a country where farm hygiene has often been seen as lax by...Livestockread more
In a closed-door meeting at a Manhattan mansion, executives outlined changes to controversial software that was implicated in two crashes.Aerospace & Defenseread more
President Donald Trump and the RNC are picking up key supporters in the business community who did not back him as a candidate in 2016.2020 Electionsread more
Amazon workers in Minnesota and Germany are striking as Prime Day kicks off, in a stand against working conditions and wage practices. The action in Minnesota represents the...Retailread more
Robert Khuzami, the high-ranking federal prosecutor who led the criminal case against President Donald Trump's former personal lawyer Michael Cohen, is leaving his post in Manhattan on April 12, officials said Friday.
Khuzami will be replaced as deputy in the U.S. Attorney's Office for the Southern District of New York by Audrey Strauss, the current senior counsel there. The office is continuing to probe issues related to Trump.
Khuzami's departure is for personal reasons relating to his commute each week from Washington, D.C., where he lives with his family, and is not the result of political pressure, according to NBC News.
Multiple people familiar with the situation told NBC that Khuzami was not asked to leave nor is he being forced out, and that his exit is unrelated to his role in the Cohen probe.
It was not disclosed by officials whether Khuzami would remain employed by the Justice Department. CNBC has requested comment from the DOJ.
In addition to Strauss taking over the role held by Khuzami, Arnold & Porter partner Craig Stewart will become chief counsel to U.S. Attorney Geoffrey Berman, the head of the SDNY office, according to a news release.
Berman praised Khuzami in a statement, while confirming that he was leaving the office for family reasons:
Rob Khuzami is an extraordinary and brilliant lawyer who has upheld the ideals of integrity and professionalism that characterize the work of this Office. There can be no higher praise. As an example of his extraordinary commitment to the Office, Rob has been commuting weekly from Washington, D.C., since January 2018. While his desire to continue to serve remains strong, he understandably has decided to return home to his family.
Berman was recused from handling Cohen's case for reasons that have not been revealed after Trump picked him to run the office in January 2018.
Berman's office is continuing to investigate areas related to Trump, including the payments of hush money to two alleged paramours of the president shortly before the 2016 election. Trump has denied having sex with either woman: porn star Stormy Daniels and Playboy model Karen McDougal.
Cohen, 52, pleaded guilty last year to multiple charges lodged by the Manhattan U.S. attorney's office, including campaign finance violations stemming from the hush money payouts, and financial crimes. He also admitted to lying to Congress in a separate case lodged by special counsel Robert Mueller.
Cohen is due to surrender May 6 to begin a three-year prison term.