Showing posts with label triggers. Show all posts
Showing posts with label triggers. Show all posts

Wednesday, January 30, 2013

Police: Gunfire triggers rapper's crash

Rapper Rick Ross and a female passenger were not hurt by the wreck or gunshotsA street gang posted online death threats against Ross in recent monthsRoss, 37, says he's not intimidated by the threats A former drug lord accuses Ross of stealing his name and reputation

Los Angeles (CNN) -- "Teflon Don" rapper Rick Ross crashed his silver Rolls Royce into an apartment building after he heard gunfire along a Fort Lauderdale, Florida, street Monday morning, police said.

"The driver of the Rolls Royce attempted to drive away from the direction of the shots being fired and lost control of the vehicle, striking a nearby apartment building," Fort Lauderdale Police Detective DeAnna Garcia said.

Ross and a female passenger were not hurt by the wreck or the gunshots, Garcia said.

"The suspects fled from the area prior to police arrival," she said.

The incident, however, called attention to threats against the artist's life made in a street gang's videos and posted online in recent months.

"We're pulling up on you," a man who identified himself as a member of the Gangster Disciples warned in one of the videos. "Whatever city, whatever state, the pressure on."

Several videos purporting to be from Gangster Disciple members in several states -- including Georgia, North Carolina and Florida -- appeared on YouTube late last year demanding that Ross pay a fee to them for his use of the Star of David, which they claim as a gang symbol, and a reference to one of their founders in his music and marketing.

"You got to cut the check," one video said. "Tell your boss man he got to get that check, or all you in trouble."

"We need that cash right now," another said.

Ross, 37, whose albums include "Teflon Don" in 2010 and "Deeper Than Rap" a year earlier, told south Florida radio station 99 Jamz last month that he was not intimidated by the threats.

"Ain't never no checks getting cut," he said. "I don't play those games. I consider that extortion."

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Ross did cancel his North Carolina shows last month just days after a video appeared online threatening his life if he performed there.

"Never was it due to any threats," he told the radio station. Instead, he canceled because "the promoter wasn't really handling his business."

Ross wanted to make certain that listeners understood he was not frightened. "Don't ever get it twisted, Ricky Ross is the boss," he said.

The death threats are not the only challenge to Ross. A former drug lord and gang leader is suing in a Los Angeles court, accusing him of stealing his name and reputation.

"The reality is I want justice done," the original Ross wrote in an e-mail to CNN. "I know that he took his name and image from my life and believe he is unfairly profiting off my story."

Ricky "Freeway" Ross was serving a prison sentence a decade ago when rapper William Roberts, who previously worked as a Florida correctional officer, adopted "Rick Ross" as his stage name, according to the lawsuit.

"This rapper and his labels clearly knew of my name and story, and have tried to suck out the lifeblood without license," the former drug lord said. "I have my own use for my intellectual property and did not need this confusion created."

More recently, the rapper has been using the name "Ricky Rozay."

The rapper and his record label have not responded to CNN's request for comment.

Despite the death threats and legal issues, his music is doing well. Ross is nominated for a best rap album Grammy for his latest release, "God Forgives, I Don't."

CNN's Marlena Baldacci contributed to this report.


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Friday, October 21, 2011

Euro zone chatter triggers late selloff (Reuters)

NEW YORK (Reuters) – Stocks fell on Wednesday as traders, after sitting on their hands for most of the day, jumped to sell in a hair-trigger reaction to fresh reports underscoring that Europe remains far from a solution to its debt crisis.

In a repeat of a now-familiar pattern, traders capitalized on headlines emerging late in the trading day, this time to push the market lower. With long-term investors largely on the sideline due to Europe's uncertainty, the market remains susceptible to swift swings.

"The market has become overly sensitive to chatters and rumors out of Europe and to the headline news. This is exactly what happened yesterday and that just shows how unstable this market is," said Eric Marshall, director of research at Hodges Capital Management in Dallas.

France's President Nicholas Sarkozy said on Wednesday that talks to tackle the euro zone crisis were stuck as they struggled to increase the bailout fund's firepower, while a Wall Street Journal report said Europe's bailout fund could be used to provide collateral to back up bond issues by troubled countries. For details, see

On Tuesday, stocks rallied on late news suggesting euro zone leaders had a big package in place for rescuing indebted nations.

A weak economic outlook from the U.S. Federal Reserve was responsible for the initial move lower on Wednesday afternoon.

Technology stocks were the biggest losers after a rare earnings miss from tech heavyweight Apple.

Apple shares (AAPL.O) fell below $400 after the company's revenue and profits came in below estimates for the first time in years on Tuesday as it sold far fewer iPhones than expected. The CBOE Volatility Index VIX (.VIX), Wall Street's so-called fear gauge, jumped 10.1 percent to 34.76, reflecting market jitters ahead of a summit of European Union leaders Sunday. Investors hope the meeting will produce a concrete plan to handle the region's debt crisis.

The Dow Jones industrial average (.DJI) was down 75.49 points, or 0.65 percent, at 11,501.56. The Standard & Poor's 500 Index (.SPX) was down 15.63 points, or 1.28 percent, at 1,209.75. The Nasdaq Composite Index (.IXIC) was down 54.41 points, or 2.05 percent, at 2,603.02.

On the upside, Intel Corp (INTC.O) hit a new 52-week high of $24.50 earlier after the chipmaker forecast quarterly revenue above expectations.

The stock closed up 3.6 percent at $24.24.

Travelers Cos Inc (TRV.N) advanced 5.7 percent to $54.39 after it said it will ramp up a share buyback dramatically.

Earlier, economic data showed U.S. consumer prices outside food and energy rose at their slowest pace in six months while groundbreaking on new homes rose at the fastest rate in 1-1/2 years. Stocks barely budged after the data.

Trading volume was at 7.8 billion shares on the New York Stock Exchange, NYSE Amex and Nasdaq, lower than the year's daily average so far of about 8 billion.

On the NYSE, decliners beat advancers by a ratio of about 3 to 1. On the Nasdaq, about four stocks fell for every one that rose.

(Reporting by Angela Moon, Editing by Chizu Nomiyama)


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