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Ticker: Credit Suisse investors sue; P and G ups annual sales outlook

Published Wed, 12 Feb 2025 09:20:37 GMT

A group of Credit Suisse investors have sued Swiss financial regulators after a government-engineered takeover of the struggling bank by rival UBS left them with billions in losses.The investors are contesting an order by the Swiss Financial Market Supervisory Authority, or FINMA, that wiped out about 16 billion Swiss francs ($17.3 billion) in higher-risk Credit Suisse bonds as part of an emergency rescue last month, lawyers said Friday.The hastily arranged, $3.25 billion deal prevented the downfall of Switzerland’s second-largest bank after its stock plunged and customers rushed to pull out their money amid fears about long-running troubles at Credit Suisse and upheaval in the global financial system after the collapse of two U.S. banks.P&G ups annual sales outlookProcter & Gamble Co., the maker of such iconic household products as Crest toothpaste, Tide detergent and Charmin toilet paper, raised its annual sales outlook on Friday, after turning in better-than-expecte...

Notre Dame Academy easily wins the girls lacrosse battle of Hingham

Published Wed, 12 Feb 2025 09:20:37 GMT

HINGHAM — With town pride on the line, Notre Dame Academy (Hingham) dominated from the start, taking a 13-3 girls lacrosse victory over Hingham High School.The Cougars scored 11 goals in the opening half, holding the Harborwomen scoreless over the same period. Much of this was due to relentless pressure that disrupted any breakout opportunities for Hingham. NDA coach Meredith Frank McGinnis said that this was a priority for her team going into the game.“We’re really focused on being able to contain,” McGinnis said. “When you are able to do that, you are available to apply a little more pressure, and that worked really well for us today.”McGinnis said that the team had also been working on fundamentals and she was happy with the execution.“Draw controls continue to be a point of emphasis for us,” McGinnis said. “We were really strong on that today and it made a huge difference.”Jane Hilsabeck, a Hingham resident, broke the gates open just a few minutes into the game after charg...

Man shot by Sheriff's deputy in North County

Published Wed, 12 Feb 2025 09:20:37 GMT

FALLBROOK, Calif. -- A man was taken to the hospital with non-life threatening injuries after he was shot by a deputy responding to a domestic disturbance call in North County, San Diego police said.The incident occurred shortly after 1 a.m. Friday morning on the the 4900 block of White Lilac Road in Fallbrook. SDPD said a call came in to the Sheriff's Office from a woman who reported that her husband was "despondent and threatening suicide."According to the SDPD, the woman also told deputies on the phone that she had hid a firearm that her her husband had threatened to use to commit suicide.If you or someone you know needs help, call the National Suicide Prevention Hotline at 1-800-273-8255 or visit their website.Deputies were dispatched to the residence, remaining on the phone with the woman. While on route, SDPD said the woman reported that two children -- ages 5 and 9 -- were in the residence and that her husband had locked himself in a bedroom with anot...

What Supreme Court action on abortion means for patients

Published Wed, 12 Feb 2025 09:20:37 GMT

The Supreme Court’s action Friday regarding a key drug used in medication abortions may leave many women wondering: What does this mean for me?On Friday, the court preserved access to mifepristone, which is used in the most common form of abortion in the U.S., by rejecting lower-court restrictions while a lawsuit continues. The court’s action stands to leave access to mifepristone unchanged at least into next year, as appeals play out. Meanwhile, doctors, clinics and telehealth providers are taking steps to ensure they’ll still be able to offer abortion care in the future. For patients, there’s been confusion “about whether or not they can access their appointments,” said Dr. Becca Simon, a family medicine doctor in Pennsylvania who provides abortions. “We’re trying to just calm people.”IS THE USUAL TWO-DRUG TREATMENT STILL AVAILABLE?Yes. People can still get medication abortions using mifepristone from doctors and clinics in states where it was available before the rulings. M...

Atlanta trans woman Koko Da Doll, documentary subject, slain

Published Wed, 12 Feb 2025 09:20:37 GMT

ATLANTA (AP) — Koko Da Doll, an Atlanta woman who gained notice in a documentary about transgender Black women and the dangers they face, was shot to death in Atlanta this week, her sister said.Kilya Williams and other relatives said police told them the transgender woman, also known as Rasheeda Williams, appears to have been shot Wednesday after leaving an apartment complex west of downtown Atlanta. Her body was found on a sidewalk adjoining a strip mall across a busy street. Atlanta police on Friday released surveillance video of a person in a sports jersey walking up to the entrance of an apartment building. Authorities said detectives wanted to identify the person “to assist with the current investigation on the homicide.”Koko had gained notice earlier this year when she and others appeared in the documentary “Kokomo City,” describing her life as a transgender woman, her interactions with Black men as a sex worker, and the threats of violence she sometimes faced.“I feel li...

Chile’s plan for state control in lithium dismays business

Published Wed, 12 Feb 2025 09:20:37 GMT

SANTIAGO, Chile (AP) — The Chilean government’s newly announced plan to have the state take a majority stake in the lithium industry disconcerted business leaders, though analysts cautioned that the proposal appears to try to strike a middle ground between competing interests.President Gabriel Boric announced in a national broadcast Thursday night that private companies will have to partner with the government in exploiting Chile’s lithium, a metal used to make rechargeable batteries. Boric said the state would take a controlling interest in each partnership, leading some to call it a nationalization of the industry, while others disagreed.“Phrasing it as nationalization is too strong … it’s a quasi-nationalization in that the playing field will now be leveled in favor of the state,” said Nicolás Saldías, senior analyst at the Economist Intelligence Unit for Latin America and the Caribbean. “There is no level playing field for the private sector in Chile.”Chile is the second l...

Minnesota officer who fatally shot Daunte Wright to be freed

Published Wed, 12 Feb 2025 09:20:37 GMT

MINNEAPOLIS (AP) — A white former police officer convicted of manslaughter after mistaking her handgun for a Taser and fatally shooting Black motorist Daunte Wright in suburban Minneapolis in 2021 is set to be released from prison Monday.Minnesota Department of Corrections spokesman Andy Skoogman announced Friday that former officer Kim Potter was to be released after serving about 16 months of her two-year sentence. He said the exact timing of her departure Monday from Minnesota Correctional Facility-Shakopee won’t be disclosed for security reasons.“Our criminal investigative analysts are working closely with law enforcement to monitor the situation to ensure Kim Potter, like all incarcerated persons, is safe as she leaves our facility,” Skoogman said in a statement.The shooting happened April 2021 as Derek Chauvin was on trial in Minneapolis on murder charges in George Floyd’s killing. Wright’s death sparked several days of protests.Judge Regina Chu had said at Potter’...

Acting head of Federal Aviation Administration is leaving

Published Wed, 12 Feb 2025 09:20:37 GMT

The acting head of the Federal Aviation Administration will leave the agency this summer, putting pressure on the White House to quickly find a replacement after President Joe Biden’s first choice withdrew last month.Billy Nolen, who has been acting administrator for the past year, said in a memo to staff that it has been a dream job.“But now it is time for a new captain to guide the FAA,” Nolen said in the memo. “I told (Transportation Secretary Pete) Buttigieg and notified the White House that I will depart as a new nominee is named this summer.”Biden’s first pick, Denver International Airport CEO Phillip Washington, withdrew in March after it became clear his nomination was dead in the Senate Commerce Committee, where Democrats hold just a one-vote majority. Washington faced stiff opposition from Republicans, who said he lacked enough aviation experience, and failed to win public support from an independent and a moderate Democrat on the committee.Some Republican senators s...

Vancouver officers testify about efforts to resuscitate Myles Gray after beating

Published Wed, 12 Feb 2025 09:20:37 GMT

BURNABY, B.C. — A Vancouver police constable told a coroner’s inquest that “time was standing still” as he waited for advanced life support paramedics to arrive and help revive 33-year-old Myles Gray after he was beaten by officers trying to arrest him.Const. Derek Cain described to the jury on Friday their efforts to resuscitate Gray, who stopped breathing twice in the minutes after police handcuffed him. Cain said he arrived in the yard where police were struggling to subdue Gray in response to a call for backup on the day the man died in August 2015.Gray had been in Vancouver making a delivery to a florists’ supply shop for the business he operated on the Sunshine Coast, and the inquest has heard the initial 911 call was about an agitated man who sprayed a woman with a garden hose.The beating left Gray with injuries including a fractured eye socket, nose and rib, a crushed voice box and ruptured testicles.Cain testified that Gray was sweating profusely, he...

COPA: Chicago police officer under investigation since 2017 should be fired

Published Wed, 12 Feb 2025 09:20:37 GMT

CHICAGO -- The Civilian Office of Police Accountability has recommended that one of the officers involved in the 2017 shooting death of 22-year-old Anthony Alvarez should be fired.COPA released documents showing Chicago police officer Sammy Encarnacion has been under investigation for years, even before the 2017 shooting.Encarnacion started the foot pursuit that ended in when his partner, Evan Solano, shot and killed Alvarez on March 31, 2020 in the Portage Park neighborhood on the Northwest Side. Nine days after the incident, Encarnacion has been accused of firing his weapon in a different case. Chase warns Chicago employees about potential for more downtown disturbances Both Encarnacion and Solano were suspended for 20 days in 2022.The Civilian Office of Police Accountability (COPA) started investigating Encarnacion in 2017 when his former girlfriend accused him of domestic violence and off-duty misconduct. She claims Encarnacion was drunk when he pointed a gun at her and fired ...