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Billionaire Tom Gores to buy 27% of the LA Chargers for $750 million
Gores is buying in at an enterprise value of $4 billion, more than a 30% discount to the team's value of $5.83 billion, according to CNBC's 2024 rankings.Business - CNBC - October 17 -
Lucid stock tumbles following public offering to raise $1.67 billion
Lucid intends to use the proceeds "for general corporate purposes, which may include, among other things, capital expenditures and working capital."Business - CNBC - October 17 -
Archdiocese of LA agrees to $880 million settlement over sex abuse claims
The Catholic Archdiocese of Los Angeles has agreed to pay $880 million to settle sex abuse claims made by more than 1,3000 alleged victims dating back to the 1940s.Top stories - CBS News - October 16 -
Cleveland wins $60 million federal grant to help connect Downtown to the lakefront
Cleveland took a significant leap Wednesday on the road to remaking its lakefront. The city won almost $60 million in federal grants to help convert the Shoreway into a slimmed-down boulevard.Sports - Yahoo Sports - October 16
