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Swiss cut up to $66M in bonuses for top Credit Suisse execs

Published Tue, 05 Nov 2024 05:28:30 GMT

GENEVA (AP) — The Swiss government says it’s ordered cuts to the bonuses of top executives of Credit Suisse, with nearly 1,000 managers being “deprived” of tens of millions combined as the troubled bank heads toward a forced merger with rival UBS.The Federal Council, a seven-member panel that runs Switzerland’s executive branch, announced Wednesday that it has instructed the Finance Department to cancel altogether or reduce by either one-half or one-quarter such bonuses due last year among the top three rungs of management. That will amount to a loss of bonus pay totaling about 50 million to 60 million Swiss francs ($55 million to $66 million).The move comes after Swiss authorities scrambled in mid-March to cobble together a 3 billion Swiss franc ($3.25 billion) sale to UBS of Credit Suisse, which suffered surging outflows of deposits and a plunge in its share price. Two days after the deal was announced, the government said it was temporarily suspending bonus payouts to...

O’Neill not in St. Louis lineup after Marmol criticizes play

Published Tue, 05 Nov 2024 05:28:30 GMT

ST. LOUIS (AP) — St. Louis Cardinals outfielder Tyler O’Neill was not in the starting lineup Wednesday, a day after his baserunning effort was questioned by manager Oliver Marmol. O’Neill was thrown out by Ronald Acuña Jr. at the plate with two outs and the Cardinals trailing 4-1 in the seventh inning Tuesday night. St. Louis lost the game by the same score. Marmol took issue with O’Neill’s turn around third as he attempted to score from second on a Brendan Donovan pinch-hit liner to right.Marmol, who declined to specify whether starting Dylan Carlson in center field rather than O’Neill was tied directly to Tuesday’s play, doubled down on his criticism before Wednesday’s series finale against the Atlanta Braves.“There’s going to be a style of play that we are known for,” Marmol said. “And it’s going to involve effort. And it’s gonna involve being relentless. It’s gonna involve being smart. And we’re going to keep guys to that. Because that’s how you sustain being g...

Stacey Abrams appointed as Howard University’s first chair for race and Black politics

Published Tue, 05 Nov 2024 05:28:30 GMT

Stacey Abrams is making history at Howard University in D.C. as the institution’s first chair for race and Black politics.Abrams is a former Georgia state representative, Georgia House of Representatives minority leader and first African American woman to win a major party nomination for governor as the Democratic nominee in Georgia.The Ronald W. Walters Endowed Chair for Race and Black Politics will be housed in the Ronald W. Walters Leadership and Public Policy Center at Howard University.More DC NewsMore Local NewsMore Education News“I am honored to serve as the inaugural Ronald W. Walters Endowed Chair for Race and Black Politics, having had the privilege of knowing and learning from Dr. Walters,” Abrams said in a news release. “We are at an inflection point for American and international democracy, and I look forward to engaging Howard University’s extraordinary students in a conversation about where they can influence, shape and direct the critica...

Highway Patrol says at least 4 dead, unknown number injured after predawn tornado tore through southeastern Missouri

Published Tue, 05 Nov 2024 05:28:30 GMT

GLEN ALLEN, Mo. (AP) — Highway Patrol says at least 4 dead, unknown number injured after predawn tornado tore through southeastern Missouri.Source

With Blue Line development ahead, bill would add a Prince George’s County seat to Stadium Authority board

Published Tue, 05 Nov 2024 05:28:30 GMT

This content was republished with permission from WTOP’s news partners at Maryland Matters. Sign up for Maryland Matters’ free email subscription today.Legislation pending in the Senate would add yet another member to the Maryland Stadium Authority board — this one appointed by the Prince George’s County executive — and provide for $20 million in bond money to be available for bus rapid transit system grants each year in Montgomery County.House Bill 524, as amended, would raise the number of seats on the Stadium Authority board to 10 — an even number, with no provision for a tie-breaker vote — giving Prince George’s County a literal seat at the table. The bill is now in the Senate Budget and Taxation Committee.Meanwhile, the House Appropriations Committee is considering Senate Bill 442, sponsored by Sen. Paul D. Corderman (R-Washington), that would allow for the Stadium Authority to sell an additional $20 million in bonds to cover the shortfall for construction of the Ha...

Del. Darryl Barnes will leave legislature, become partner in Annapolis firm

Published Tue, 05 Nov 2024 05:28:30 GMT

This content was republished with permission from WTOP’s news partners at Maryland Matters. Sign up for Maryland Matters’ free email subscription today.The longest serving chair of the Legislative Black Caucus of Maryland will step down next week to become a partner in an Annapolis lobbying and government relations firm.Del. Darryl Barnes (D-Prince George’s) plans to leave his duties as a legislator April 15 and, on the same day, become a partner in Evans, Barnes & Associates.In addition to joining Gerry Evans and his daughter Hayley at the firm, Barnes will continue to own Quora Alkaline Water and to run the nonprofit organization he founded, Men Aiming Higher, which mentors youth and young men and volunteers in the community.Barnes said that, before making the decision to leave the General Assembly, where’s he has been since 2015, he talked with his family and he cried.“This was a difficult decision for me. I’m going to miss the people that I built long...

Homicide investigation underway in Aurora

Published Tue, 05 Nov 2024 05:28:30 GMT

AURORA, Colo. (KDVR) -- Police in Aurora are investigating after a body was found at the Red Sky Condos.The condos are located on 2nd Avenue at Sable Boulevard.The Aurora Police Department has released very limited information about the discovery of the body, other than saying that the major crimes homicide unit is at the scene. Denver area home prices on their way back up More details about the circumstances surrounding the incident are expected to be released Wednesday afternoon.This is a breaking story that will be updated as more information becomes available.

Avalanche playoff tickets already on sale

Published Tue, 05 Nov 2024 05:28:30 GMT

DENVER (KDVR) -- The Colorado Avalanche clinched a playoff spot with an overtime win against the San Jose Sharks Tuesday night and tickets for the first round have already gone on sale. Times and dates have yet to be determined, but Avs Faithful can purchase first-round home game seats for what Ticketmaster has listed from $109 up to $1,700 as of Wednesday morning. Colorado still has six games to play in the regular season and sits at the top of the Central Division with the highest points percentage. The Avs are tied with both the Minnesota Wild and Dallas Stars with 98 points but have one game in hand over those teams. MacKinnon leads Avalanche past Sharks in OT, Avs clinch playoff spot "We're facing our share of adversity but the guys that are healthy and able to play are digging in and playing hard as a team and I guess that's all you can ask for," head coach Jared Bednar said after the win. "We're wishing the best for ourselves when it comes to some guys returning from injur...

Are you looking for love? Hit Netflix show casting Denver singles

Published Tue, 05 Nov 2024 05:28:30 GMT

DENVER (KDVR) — Calling all Denver singles, a casting crew from a hit Netflix dating show is coming to the Mile High City to help you find love. Is love truly blind?That is the question the popular Netflix show "Love is Blind" is asking. Kinetic Content Casting, the casting agency for "Love is Blind," announced that they are looking for single men and women in Denver who are brave, open-minded and ready for a committed relationship. ‘Meth-contaminated’ condo in Denver could be yours for $252,000 The show is hosted by Nick and Vanessa Lachey as single people try to find their match and fall in love. But this dating show comes with a catch, they must form an emotional connection without ever seeing each other face-to-face.If this sounds like the perfect blind date for you, the casting company is inviting Denver singles to apply online. The extensive application asks over 70 questions ranging from topics like "Why are you a catch" to "What do you think about falling in love and gett...

Woman films alligator attacking python in the Everglades

Published Tue, 05 Nov 2024 05:28:30 GMT

A reptile rumble was caught on camera in the Everglades. A woman captured the moments between an alligator and a python. Katina Boychew stumbled upon the alligator snacking on the snake last week when she was visiting the Florida Everglades. “And he was just, you know, hanging out there, waiting around for a while,” Boychew said. Boychew has had her share of run-ins with wild creatures in the wild before. She even got a scare during her interview. “I hear something crawling towards me,” she said. This encounter was different. “I’m never going to come across this again, so I have to stay here and watch them,” Boychew said.She didn’t just watch them, but also documented the encounter and shared it on social media. People couldn’t get enough of it. “They’re blown away by it,” she said. “I posted it on an alligator Facebook group and I think right now it has 800 likes or something.”Even though she was ju...