Internet outages across parts of Northern California this morning were the result of fiber optic vandalism that was confined to a local area in the San Francisco Bay region, and it was not part of a "coordinated attack," the Federal Bureau of Investigation (FBI) says. Wave Broadband had earlier said that three major fiber-optic cables had been physically severed in the Sacramento area, calling the act an apparent "coordinated attack on multiple internet carriers." [full statement attached]
U.S. President Barack Obama will deliver a statement regarding Cuba at 11 a.m. ET on Wednesday, the White House says, about an hour after a senior U.S. official confirmed that the U.S. and Cuba have reached an agreement on the restoration of diplomatic relations. Vice President Joe Biden will also attend Wednesday's statement, which will take place in the Rose Garden. [official schedule update attached]
A $500 million lawsuit filed by business magnate Donald Trump against Spanish-language TV network Univision is "both factually false and legally ridiculous," Univision spokeswoman Monica Talan says.in an emailed statement. "Our decision to end our business relationship with Mr. Trump was influenced solely by our responsibility to speak up for the community we serve," she said.
The International Monetary Fund (IMF), confirming that Greece failed to make its required debt payment, says it has received a request from the Greek government for an extension of its repayment obligation. "[The request] will go to the IMF's Executive Board in due course," IMF spokesman Gerry Rice said in an emailed statement. [Full statement attached]
Clocks have struck midnight in Brussels without the required debt payment from Greece to the International Monetary Fund (IMF), making Greece the first developed country to default on an IMF loan. The confirmation that Greece failed its obligation to pay €1.55 billion ($1.73 billion) means that the country has lost the last European Financial Stability Facility (EFSF) loan tranche of €1.8 billion ($2.0 billion), as well as €10.9 billion ($12.1 billion) in EFSF notes to cover the potential cost of bank recapitalization.
The United States has reached an agreement with Cuba on the restoration of formal diplomatic relations after more than five decades, a senior U.S. administration official says, adding that Cuba will open an embassy in Washington, D.C. and the U.S. will open an embassy in Havana. "We expect President Obama and Secretary Kerry to address this publicly tomorrow morning," the official said. [full quote attached]
Republican presidential candidate Jeb Bush has released 33 years of tax returns - more than any other presidential candidate in the history of the United States - in a move that will likely pressure his rivals to reveal their own records. The documents released by the Bush campaign showed that the Republican's average effective tax rate for the last 33 years was 36 percent, more than the 12 percent on average paid by middle-income households. Bush said his total net worth is between $19 million and $22 million, which was mostly amassed through investments and speaking fees.
“For me, NIKE has always been more than just a company – it has been my life’s passion,” said Knight in a statement released Tuesday. “Over the years, I’ve spent a great deal of time considering how I might someday evolve my ownership and leadership of NIKE in a way that benefits all of our stakeholders. Today, we have taken a number of important steps that will continue to promote NIKE’s long-term growth.”
Business magnate Donald Trump is suing Univision for $500 million after the Spanish-language TV network terminated its contract with the Miss Universe Organization and decided that it would not broadcast the upcoming Miss USA pageant that is scheduled to take place on July 12. "Under the contract, Univision is required to broadcast the pageant live on television in Spanish," the Trump Organization said in a statement, saying that Univision's decision was "in reality, a politically motivated attempt to suppress Mr. Trump's freedom of speech." [full statement attached]
Actor Ben Affleck and actress Jennifer Garner are ending their marriage after 10 years, the couple says in a joint statement, adding that they intend to go forward with "love and friendship for one another and a commitment to co-parenting our children." The couple has three children.