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☆ New York U-Haul truck strikes 8 people, driver arrested
▼ + stars: | 2023-02-13 | by ( Tyler Clifford | ) www.reuters.com time to read: +3 min

NEW YORK, Feb 13 (Reuters) - Police in New York City have arrested a U-Haul truck driver accused of deliberately plowing into pedestrians on Monday, injuring at least eight people before officers chased him down and stopped the vehicle, authorities said. But the New York Times, citing two senior law enforcement officials speaking on condition of anonymity, gave the driver's name as Weng Sor. [1/3] A New York Police Department vehicle blocks a U-Haul rental vehicle, where according to media reports a man struck multiple people and the NYPD took the driver into custody, near the Battery tunnel in the Brooklyn borough of New York City, U.S., February 13, 2023. A video clip aired on WABC-TV showed a truck narrowly missing a pedestrian on a sidewalk, with a police cruiser in pursuit. Attorneys at the Saipov penalty proceedings briefly discussed the Brooklyn U-Haul rampage while the jury was out of the courtroom.

WASHINGTON, Feb 9 (Reuters) - Blue Origin, the private space company founded by billionaire Jeff Bezos, was awarded its first interplanetary NASA contract on Thursday to launch a mission next year to study the magnetic field around Mars, the U.S. space agency and company said. Blue Origin has flown previous NASA missions with its smaller, suborbital New Shepard rocket, which can carry research payloads on short, microgravity trips to the edge of space and back. Blue Origin, known for its astro-tourism business for wealthy customers and celebrities, is one of 13 firms NASA chose last year for its Venture-class Acquisition of Dedicated and Rideshare missions (VADR) program. VADR essentially is intended to spur private development of private space launch vehicles by assigning lower-cost NASA science missions to new rockets with an unproven record and higher chance of failure. Blue Origin also declined to discuss financial details.

☆ World's largest drone maker is unfazed — even if it's blacklisted by the U.S.
▼ + stars: | 2023-02-08 | by ( Nessa Anwar | ) www.cnbc.com time to read: +4 min

watch nowThe world's biggest drone maker DJI found itself embroiled in the Russia-Ukraine conflict last year. It includes the Mavic 3 drone, and Aeroscope, a drone-detection platform that enables users to identify the location of a drone operator. We've stated unequivocally that we have had nothing to do with treatment of Uighurs in Xinjiang," Welsh said. A drone's firmware is what the drone uses to control all the important operations, like flight, battery management and data protection. Paolo Stagno, a cyber security expert, said there is a black market of modified DJI drones' firmware.

☆ BofA trims CEO Moynihan's pay to $30 mln as Wall Street curbs compensation
▼ + stars: | 2023-02-03 | by ( ) www.reuters.com time to read: +1 min

Moynihan's pay included a base salary of $1.5 million and restricted stock. In deciding his compensation, the bank's board cited the executive's leadership in a period of "considerable economic uncertainty." U.S. lending giants have cut or frozen pay for their top executives in recent weeks, citing challenging economic and business conditions. Goldman Sachs Group Inc (GS.N) slashed compensation for CEO David Solomon by 29% to $25 million for 2022, while his counterpart at Morgan Stanley (MS.N), James Gorman, got a 10% pay cut to $31.5 million. At JPMorgan Chase & Co (JPM.N), Jamie Dimon's compensation was held steady at $34.5 million.

☆ U.S. snowboarders sue former coach alleging sexual abuse
▼ + stars: | 2023-02-03 | by ( Daniel Trotta | ) www.reuters.com time to read: +2 min

Feb 2 (Reuters) - Three former U.S. snowboarders sued their former coach, the national snowboarding federation and the U.S. Olympic Committee on Thursday alleging sexual abuse that was covered up by the two sporting bodies, court documents showed. Rosey Fletcher, Erin O'Malley and Callan Chythlook-Sifsof sued former coach Peter Foley, U.S. Ski and Snowboard (USSS), and the United States Olympic and Paralympic Committee (USOPC) in U.S. District Court for the central district of Los Angeles. The suit alleges Foley exploited his position of trust with the athletes to "coerce sexual acts through force, manipulation, emotional abuse, intimidation, and retaliation". The U.S. Olympic Committee said at that time it had followed protocol and reported the allegations to the U.S Center for SafeSport, which handles reports of sexual abuse within the Olympic movement.

☆ Roadkill rate for California cougars puts population at risk
▼ + stars: | 2023-02-02 | by ( Steve Gorman | ) www.reuters.com time to read: +3 min

[1/2] National Park Service photo of the Griffith Park mountain lion known as P-22 is shown in this remote camera image set up on a fresh deer kill in Griffith Park in this November 2014 photo. P-22, a radio-collared puma that became a wildlife celebrity, was one of the many mountain lions struck by a car in California. The data adds to research showing mountain lions, also known as cougars or pumas, are under growing pressure from traffic and urban sprawl that have left their territories increasingly isolated from one another, shrinking their gene pools. The study cataloged a total of 535 mountain lion deaths on some 15,000 miles (24,140 km)of state-managed highways over eight years, from 2015 through 2022. A public celebration of P-22 is planned for Saturday in Griffith Park.

☆ Tyre Nichols funeral draws civil rights leaders, U.S. vice president
▼ + stars: | 2023-02-01 | by ( Alyssa Porter | ) www.reuters.com time to read: +5 min

Al Sharpton will eulogize Nichols, and another prominent civil rights leader, attorney Ben Crump, will deliver a "call to action" during a funeral at the Mississippi Boulevard Christian Church in Nichols' adopted hometown of Memphis. Among those planning to join the mourners was U.S. Vice President Kamala Harris, whom Crump said the Nichols family invited. Harris spoke with Nichols' mother, RowVaughn Wells, in a private telephone call on Tuesday, he said. Two other officers implicated in the events leading to Nichols' death have been relieved of duty - effectively suspended - and are under investigation. "What happened to Tyre Nichols here is a disgrace to this country," Sharpton told reporters, flanked by Nichols' mother and his stepfather, Rodney Wells.

☆ CEOs take pay cuts after brutal 2022
▼ + stars: | 2023-01-30 | by ( Matt Egan | ) edition.cnn.com time to read: +4 min

The pay cuts are hitting some of America’s best-known and highest-paid bosses, including Apple CEO Tim Cook, Morgan Stanley CEO James Gorman and Goldman Sachs CEO David Solomon. The bank then disclosed on Friday that Solomon’s 2022 pay is being cut by nearly 30%. Goldman Sachs’ profit dropped 49% last year as the slowdown in dealmaking curbed advisory fees. Morgan Stanley CEO James Gorman (left), Apple boss Tim Cook (middle) and Goldman Sachs CEO David Solomon (right) are among the leaders whose pay has been clipped in recent weeks. Tech bosses have received the biggest pay hikes, with the median CEO pay surging by 42.1% in 2021 to $19.1 million, Equilar said.

☆ Layoffs at Google, Microsoft, Salesforce Teaching Tech Employees a Harsh Lesson
▼ + stars: | 2023-01-29 | by ( Avery Hartmans | ) www.businessinsider.com time to read: +14 min

Tech workers are using all sorts of emotional phrases to describe the layoff wave that has gripped the industry and become the talk of the business world. "I'm shocked and hurt and still processing," Katie Olaskiewicz, a former human-truths strategist at Google, wrote on LinkedIn last week shortly after 12,000 Google employees were let go. Over the past two weeks, a total of 40,000 employees have been laid off from Amazon, Microsoft, and Google, a nightmare come true for tech workers. The tech layoffs have been starkly different from Wall Street, which has in recent months instituted its own rounds of job cuts. Wall Street realitiesIn many ways, tech workers are waking up to a reality that their peers in other high-flying industries have always known.

☆ Some CEOs are pushing workers to return to the office, but it could come with a cost: hurting diversity
▼ + stars: | 2023-01-28 | by ( Marguerite Ward | ) www.businessinsider.com time to read: +6 min

But remote work has benefited many people with disabilities, many Black workers, and others. But Dimon appears more bearish when it comes to another measure that's been shown to promote diversity: remote work. Citadel CEO Ken Griffin slammed remote work at a conference last year, saying innovation and creativity declines because of it. The shift to remote work has been especially helpful for people with physical difficulties and mobility limitations. MoMo Productions/Getty ImagesSome Black workers report facing less discrimination and fewer microaggressions working from home than when they're at the office.

MEMPHIS, Tenn., Jan 27 (Reuters) - The police department in the city of Memphis was set on Friday to release body-camera video of a violent confrontation between a Black motorist and five police officers charged with murder in his death earlier this month. Nichols succumbed to injuries he sustained from his encounter with police and died while hospitalized on Jan. 10, three days after he was pulled over while driving. The last words heard on the video were Nichols calling out for his mother three times, Crump said. Two members of the Memphis Fire Department involved in the response have been relieved of their duties pending a separate inquiry. PUBLIC OUTRAGE EXPECTEDAdditional Memphis police officers remain under investigation for policy infractions, Police Chief Cerelyn Davis said on Thursday in a message posted to YouTube.

MEMPHIS, Tenn., Jan 27 (Reuters) - Tyre Nichols repeatedly cried, "Mom! The first video released on Friday shows officers dragging Nichols from the driver's seat of his car stopped at an intersection as he yells, "I didn't do anything ... Other footage shows a subsequent struggle after officers catch up with Nichols again in a nearby neighborhood. "No mother should go through what I am going through right now, no mother, to lose their child to the violent way that I lost my child," said Nichols' mother, RowVaughn Wells. Nichols' family and Biden appealed for calm in Memphis, a city of 628,000 where nearly 65% of residents are Black.

☆ Goldman Sachs CEO David Solomon gets 29% pay cut to $25 million after tough year
▼ + stars: | 2023-01-27 | by ( Hugh Son | ) www.cnbc.com time to read: +1 min

David Solomon, Chairman & CEO of Goldman Sachs, speaking on Squawk Box at the WEF in Davos, Switzerland on Jan. 23rd, 2023. Goldman Sachs CEO David Solomon will get a $25 million compensation package for his work last year, the bank said Friday in a regulatory filing. The package includes a $2 million base salary and variable compensation of $23 million, New York-based Goldman said in the filing. Solomon's pay, while large, is about 29% lower than the $35 million he was granted for his 2021 performance. Solomon's pay package is smaller than that of CEOs Jamie Dimon of JPMorgan Chase and James Gorman of Morgan Stanley , who were awarded 2022 compensation of $34.5 million and $31.5 million, respectively.

☆ Goldman cuts Solomon, and his pay, down to size
▼ + stars: | 2023-01-27 | by ( John Foley | ) www.reuters.com time to read: +2 min

Or at least that is the apparent message Goldman Sachs (GS.N) is trying to send by slashing boss David Solomon’s pay by a third for 2022, to $25 million. Measured by Goldman’s performance last year, Solomon actually did fairly well. Goldman also grew its book value – accounting-speak for shareholders’ claim on the lender – by a respectable 6%. It would have been hard to reward Solomon at a time when employees are feeling the chill, and hot on the heels of 3,200 layoffs. Solomon’s humble pie may taste good to his Goldman colleagues, but it could present a different flavor profile to shareholders.

☆ Goldman Sachs cut CEO David Solomon's pay by 30% in 2022. He made only $25 million.
▼ + stars: | 2023-01-27 | by ( Britney Nguyen | ) www.businessinsider.com time to read: +2 min

Goldman Sachs CEO David Solomon took a salary cut in 2022, making just $25 million in compensation. Solomon's annual base salary is $2 million, and he made $23 million in annual variable compensation. Solomon's annual base salary is $2 million, which remains unchanged year-over-year, and he made $23 million in annual variable compensation last year, according to a Securities and Exchange Commission filing. Among some of his notable peers, Solomon's salary for 2022 is the lowest. JPMorgan CEO Jamie Dimon kept his $34.5 million salary, while Morgan Stanley CEO James Gorman took home $31.5 million, a 10% drop from the previous year.

☆ Goldman Sachs cuts Solomon, and his pay, down to size
▼ + stars: | 2023-01-27 | by ( John Foley | ) www.reuters.com time to read: +2 min

Or at least that is the apparent message Goldman Sachs (GS.N) is trying to send by slashing boss David Solomon’s pay by a third for 2022, to $25 million. Measured by Goldman’s performance last year, Solomon actually did fairly well. Goldman also grew its book value – accounting-speak for shareholders’ claim on the lender – by a respectable 6%. Solomon’s humble pie may taste good to his Goldman colleagues, but it could present a different flavor profile to shareholders. loadingCONTEXT NEWSGoldman Sachs said its board had awarded Chief Executive David Solomon compensation of $25 million for his work in 2022, compared with $35 million the previous year.

☆ See how Wall Street CEO pay stacks up after a brutal year for investment banking — from David Solomon to Jamie Dimon
▼ + stars: | 2023-01-27 | by ( Emmalyse Brownstein | ) www.businessinsider.com time to read: +3 min

The pay cut follows a 20% drop in 2022 revenues and a $3.8B loss in the consumer bank over 3 years. Goldman Sachs CEO David Solomon has taken a 30% pay cut for 2022, according to documents filed by the firm on Friday. Solomon's 2022 compensation includes an annual, unchanging base pay of $2 million in addition to $23 million in bonus, which varies each year. Investment banking revenues are down across Wall Street as M&A dealmaking and IPOs dry up. But Solomon's pay cut stands to be the steepest among his Wall Street CEO peers.

NEW YORK, Jan 26 (Reuters Breakingviews) - Morgan Stanley (MS.N) is embracing the Pottery Barn rule: You break it, you pay for it. The original breach was one revelation in what makes Wall Street tick; Morgan Stanley’s response, or the idea that it’s an outlier, is another. What’s good for the pottery store sounds good for Wall Street too. Morgan Stanley was one of 11 banks fined by the U.S. Securities & Exchange Commission and the Commodity Futures Trading Commission in September 2022. At the time, the SEC noted that Morgan Stanley had financially penalized and terminated some staff for violating its policies.

☆ TSX ends lower for second day as industrials slide
▼ + stars: | 2023-01-25 | by ( Fergal Smith | ) www.reuters.com time to read: +2 min

The Toronto Stock Exchange's S&P/TSX composite index (.GSPTSE) ended down 29.95 points, or 0.2%, at 20,599.60, adding to a small decline on Tuesday. "We expect them to be on pause for quite a while," said Tom O'Gorman, director of fixed income at Franklin Templeton Canada. Industrials fell 2.1%, with Canadian National Railway Co (CNR.TO) down 4.7% after the company forecast lower 2023 earnings. U.S. crude oil futures settled 2 cents higher at $80.15 a barrel after a smaller than expected build in U.S. crude inventories. Shopify Inc (SHOP.TO) was a bright spot, rising nearly 11% after the e-commerce company updated its pricing plan.

☆ Suspect in California's latest shooting rampage due in court
▼ + stars: | 2023-01-25 | by ( Alexandra Ulmer | Thomson Reuters | U.S. National Affairs Correspondent Who Spent Four Years In Venezuela Covering President Maduro'S Administration | ) www.reuters.com time to read: +5 min

[1/3] A suspect is arrested by law enforcement personnel after a mass shooting at two locations in the coastal northern California city of Half Moon Bay, California, U.S. January 23, 2023 in a still image from video. HALF MOON BAY, Calif., Jan 25 (Reuters) - The man accused of shooting and killing seven farm workers near San Francisco in the latest of two back-to-back gun rampages in California that claimed 18 lives overall was due in court on Wednesday for his initial appearance before a judge. Chunli Zhao, 66, the lone suspect in Monday's massacre at two mushroom farms in the seaside town of Half Moon Bay, is expected to be formally presented with murder and other charges at the San Mateo County Superior Court in nearby Redwood City. The suspect was described as a resident of Half Moon Bay, a community of about 12,000 residents known for its foggy weather, fishing, and agriculture. San Mateo County jail records showed Zhao was booked on suspicion of premeditated murder, attempted murder and firearms offenses.

☆ Suspect in Half Moon Bay shooting rampage appears in California court
▼ + stars: | 2023-01-25 | by ( Jorge Garcia | ) www.reuters.com time to read: +5 min

[1/6] A suspect is arrested by law enforcement personnel after a mass shooting at two locations in the coastal northern California city of Half Moon Bay, California, U.S. January 23, 2023 in a still image from video. The hearing was held at the San Mateo County Superior Court in nearby Redwood City, California. The complaint against Zhao also alleged "special circumstances" accusing Zhao of "personally and intentionally" shooting to kill. IMMIGRANT VICTIMSHalf Moon Bay, a community of about 12,000 residents south of San Francisco, is home to both a luxury resort and a low-income farming community. Two days before the Half Moon Bay killings, another gunman 380 miles to the south opened fire at the Star Ballroom Dance Studio, a club frequented mostly by older patrons of Asian descent in Monterey Park.

Haley also tapped Betsy Ankney, a former political director for the National Republican Senatorial Committee, to run the PAC, according to Axios. Longtime Haley advisor Jon Lerner, will likely have leadership roles within a Haley presidential campaign, two of the people said. Haley has publicly hinted in two recent interviews with Fox News that she could be ready to run for president. Kevin Lemarque | ReutersTrump, who lost his reelection bid to Biden in 2020, is the only candidate so far to jump into the 2024 presidential race. She even said in 2021 that she wouldn't run for president in 2024 if Trump was on the ballot.

[1/5] Police officers detain a man, believed by law enforcement to be the Half Moon Bay mass shooting suspect, in Half Moon Bay, California, U.S., January 23, 2023, in this screengrab taken from a social media video. California Governor Gavin Newsom said he was visiting wounded survivors from Saturday night's massacre in the Los Angeles suburb of Monterey Park when he was informed of Monday's killings in northern California. A semi-automatic handgun was found in his car, San Mateo County Sheriff Christina Corpus told an evening news conference. It ranked as the deadliest mass shooting ever in Los Angeles County, according to Hilda Solis, a member of the county Board of Supervisors. Monterey Park Police Chief Scott Wiese said investigators were looking into unconfirmed reports that the violence may have been precipitated by jealousy or relationship issues.

WASHINGTON — Conservative hard-liners are consolidating power in the narrow new House majority, presenting early challenges for Republicans in swing districts ahead of the 2024 election as Democrats seek to paint the entire party as beholden to extremists. Twenty House GOP hard-liners have set the tone, extracting a series of concessions from Speaker Kevin McCarthy, R-Calif., to change House rules while securing plum committee assignments and winning assurances about advancing their legislative priorities. “If you can’t win independent voters, you can’t win elections.”Democrats are targeting 25 districts to win back the House majority next year, including 18 Republican-held seats that Biden carried in 2020. In the narrow Republican majority, McCarthy has only four votes to spare before he requires Democratic support to pass measures. Lance, the former congressman, argued that renominating former President Donald Trump could cost Republicans the House.

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