2024 - Page 98 of 173

23 Aug

Deutsche Bank shares up 4% after settlement of major Postbank acquisition lawsuit

Howard L. PettersonNews

Deutsche Bank has successfully negotiated settlements with about 60 percent of the plaintiffs in a long-running legal battle over allegations that it undervalued its acquisition of Postbank. That acquisition occurred more than a decade ago. In a recent announcement, Deutsche Bank revealed that it has finalized agreements with more than 80 claimants at a rate of 31 euros ($34.53) per share, as originally offered by the bank. This agreement is expected to positively impact Deutsche Bank's third-quarter pre-tax profit of 430 million euros. By the close of trading at 4.25pm in London, Deutsche Bank shares had risen 3.95%, hitting a…

23 Aug

Tim Walz may accept vice presidential nomination at Chicago Democratic Convention

Howard L. PettersonNews

Chicago/Washington — Tim Walz, Kamala Harris’s pick for vice president, will formally receive his nomination at the 2024 Democratic National Convention in Chicago later today, amid a tense and decisive phase of the election season. As governor of Minnesota, Walz, who is also a military veteran and a labor union supporter, has been instrumental in pushing a progressive agenda in his state. That includes broad abortion rights and significant support for family assistance programs. On the third night of the convention, an event that will also feature a speech by former President Bill Clinton, Walz will officially take the stage.…

23 Aug

A Voice for Hope: Geri Taylor’s Fight Against Alzheimer’s Disease

Howard L. PettersonHealth

Geri Taylor, a role model of courage in the face of Alzheimer's disease, passed away on August 4, 2024, at the age of 81. A former nurse, Taylor's life took a dramatic turn when she was diagnosed with Alzheimer's in 2012. But instead of succumbing to despair, she embraced transparency and became a powerful advocate for others battling the disease. Taylor’s story gained national attention after a groundbreaking 2016 New York Times profile. The article chronicled her journey, highlighting the challenges and unexpected joys of living with Alzheimer’s. Determined to make a difference, Taylor and her husband Jim embarked on…

23 Aug

NASCAR’s stance on fair play: President Steve Phelps discusses Austin Dillon’s controversial win

Howard L. PettersonNews

In a recent turn of events at the Cook Out 400 at Richmond Raceway, Austin Dillon’s actions on the track led to a significant decision by NASCAR. On the climactic final lap of the race, Dillon’s maneuver caused leader Joey Logano to skid, after which he collided with Denny Hamlin, powering to victory. This controversial victory initially secured Dillon a spot in the NASCAR playoffs. However, NASCAR later reevaluated the incident, resulting in Dillon being stripped of his automatic playoff berth. The organization imposed a 25-point deduction and issued a three-race suspension to observer Brandon Benesch. Despite these penalties, Dillon…

23 Aug

Carl Weathers receives posthumous sports entertainment star on Hollywood Walk of Fame

Howard L. PettersonNews

The late actor and sports personality Carl Weathers will be honored with a Sports Entertainment star at a ceremony on the Hollywood Walk of Fame. The event marks the placement of the 2,787th star and will feature host Sibley Scoles. Las Vegas Raiders owner Mark Davis, who sponsored Weathers' star, will be among the guest speakers. The Hollywood Chamber of Commerce, which manages the Hollywood Walk of Fame for the city of Los Angeles, continues its tradition of honoring notables in entertainment. Since its founding in 1960, this landmark has attracted millions of visitors from around the world. Tribute to…

23 Aug

The billion-dollar companies that will make a mark in 2024

Howard L. PettersonScience and Technology

As we head into 2024, the corporate landscape is buzzing with the emergence of potential billion-dollar companies. Forbes, in its annual effort to spotlight future unicorns, has already identified more than a hundred startups poised to reshape industries. This year’s lineup includes a wide range of innovators, from aerospace manufacturers to AI-driven tech companies, each bringing something unique to the table. A Journey of Resilience and Innovation Among the most inspiring stories is that of an entrepreneur who overcame anorexia to secure a whopping $110 million in funding for online treatment innovations. This remarkable journey not only highlights personal resilience,…

23 Aug

Anticipating Powell’s speech at Jackson Hole: policy changes on the horizon

Howard L. PettersonInvestments and Business

Jackson Hole, Wyoming — As the financial community eagerly awaits Federal Reserve Chairman Jerome Powell’s speech on Friday, clarity is expected on the anticipated shift in interest rate policy following the Federal Open Market Committee’s landmark two-day meeting in Washington, DC, last July. Market sentiments and forecasts The consensus among market analysts is that the Federal Reserve is poised to begin cutting interest rates as early as September, with continued adjustments likely through the end of the year and into 2025. While the size and timing of these cuts remain points of debate, Powell’s next speech is expected to shed…

23 Aug

Former pardoned man arrested in New York on several assault charges

Howard L. PettersonNews

In a recent turn of events, a former New York drug dealer whose 10-year federal sentence was commuted by former President Donald Trump in 2021 has been arrested on domestic violence and assault charges. Court documents reveal that Jonathan Braun, 41, now faces charges in Nassau County Court on Long Island for physically assaulting his 75-year-old father-in-law and his wife. On Tuesday, authorities allege Braun punched his father-in-law twice in the face as the older man tried to defend his daughter. Braun also allegedly pushed his wife out of bed on July 17, causing serious injuries to her legs, and…

23 Aug

Biden passes torch to Harris amid emotional convention in Chicago

Howard L. PettersonNews

Chicago, United States — On an emotional night at the Democratic National Convention, President Joe Biden took the stage to wholeheartedly endorse Vice President Kamala Harris as the next leader of the Democratic Party. His endorsement came amid rapturous applause and marked a significant moment, symbolizing a passing of the torch. At 81, Biden received a warm reception, signaling a collective relief within the party following his decision not to seek reelection. This strategic move early in the convention in Chicago was intended to honor Biden and push Harris into a direct competition with Republican Donald Trump, whose campaign has…

23 Aug

New COVID reinforcements approved: protection of vulnerable populations a priority

Howard L. PettersonHealth

The Food and Drug Administration (FDA) on Thursday greenlit a new round of annual COVID-19 vaccines, clearing the way for Americans of all ages to receive updated protection against the current summer surge. Vaccine giants Pfizer and Moderna will begin distributing doses to health care workers within days. These vaccines target the dominant variant that emerged this spring, although newer, more closely related strains are now circulating. All of these variants appear to be more transmissible than previous ones. The new boosters offer a critical lifeline for vulnerable populations, especially older adults, who have borne the brunt of COVID-related deaths…