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    WASHINGTON - Herman Cain, a maverick conservative Republican businessman who briefly led the race for the U.S. party’s 2012 presidential nomination, died Thursday from the coronavirus. He was 74. Cain had been hospitalized for a month in the southern city of Atlanta and initially appeared to regain strength but faltered again in recent days. Cain attended President Donald Trump’s political rally in Tulsa, Oklahoma, on June 20 that led to numerous coronavirus infections. But Cain, who was seen not wearing a mask during the rally, said he had traveled extensively elsewhere about the same time.  It is not known where he contracted the virus that has now killed more than 150,000 Americans. At his death, Cain was chairman of Black Voices for Trump. Last year, the president nominated Cain to a seat on the Federal Reserve Board, the U.S. central bank, but Cain withdrew after opposition mounted against him....
    WASHINGTON - Herman Cain, a maverick conservative Republican businessman who briefly led the race for the U.S. party’s 2012 presidential nomination, died Thursday from the coronavirus. He was 74. Cain had been hospitalized for a month in the southern city of Atlanta and initially appeared to regain strength but faltered again in recent days. Cain attended President Donald Trump’s political rally in Tulsa, Oklahoma, on June 20 that led to numerous coronavirus infections. But Cain, who was seen not wearing a mask during the rally, said he had traveled extensively elsewhere about the same time.  It is not known where he contracted the virus that has now killed more than 150,000 Americans. At his death, Cain was chairman of Black Voices for Trump. Last year, the president nominated Cain to a seat on the Federal Reserve Board, the U.S. central bank, but Cain withdrew after opposition mounted against him....
    MELBOURNE, Australia (AP) — Complaints by at least 20 former Australian gymnasts about physical and mental abuse during their careers has prompted Gymnastics Australia to ask a human rights group to investigate. The gymnasts, including Olympic and Commonwealth Games gold medalists, have recently spoken of a toxic culture within the sport. They also used social media platforms to detail fat-shaming and other forms of abuse. Gymnastics Australia has asked the Australian Human Rights Commission to examine the sport’s culture and practices. The identities of the athletes were not disclosed. “Over the last couple of weeks athletes have shared their personal experiences ... many of those experiences are, quite simply, not acceptable,” Gymnastics Australia chief executive officer Kitty Chiller said Thursday. “They reinforce the need for more to be done to change the culture of gymnastics.” Chiller said the human rights commission would review all aspects of the sport. “The review...
    MELBOURNE, Australia (AP) — Complaints by at least 20 former Australian gymnasts about physical and mental abuse during their careers has prompted Gymnastics Australia to ask a human rights group to investigate. The gymnasts, including Olympic and Commonwealth Games gold medalists, have recently spoken of a toxic culture within the sport. They also used social media platforms to detail fat-shaming and other forms of abuse. Gymnastics Australia has asked the Australian Human Rights Commission to examine the sport’s culture and practices. The identities of the athletes were not disclosed. “Over the last couple of weeks athletes have shared their personal experiences … many of those experiences are, quite simply, not acceptable,” Gymnastics Australia chief executive officer Kitty Chiller said Thursday. “They reinforce the need for more to be done to change the culture of gymnastics.” Chiller said the human rights commission would review all aspects of the sport. “The review...
    MEXICO CITY (Reuters) - The former chief executive of Mexican state oil firm Petroleos Mexicanos, Emilio Lozoya, appeared in court on Tuesday morning for the first hearing into corruption charges he is facing, according to a judicial official. Lozoya, who was chief executive of the firm known as Pemex from 2012 to 2016 under Mexico's former president, Enrique Pena Nieto, faces accusations ranging from accepting bribes to money laundering. He has denied any wrongdoing. (Reporting by Mexico City Newsroom) Copyright 2020 Thomson Reuters.
    THE 20-year-old son of Boohoo's CEO has been found dead at his home in Kent. Louis Lyttle died of "morphine toxicity" and was found unresponsive after failing to get up at 5am for work on April 20, an inquest heard today. 4Louis was pronounced dead at his home by paramedics, the inquest heardCredit: Instagram 4Louis' dad John Lyttle joined the Boohoo business in 2019Credit: Getty Images - Getty Louis' dad is John Lyttle who runs online fashion store Boohoo after joining the retailer in March 2019. The inquest held at County Hall in Maidstone, Kent heard Louis was found unresponsive and not breathing at his home near Sevenoaks, Kent. He was pronounced dead at his home in Seal by paramedics at 6.20am - after the alarm was raised when he failed to get up for work at 5am. At the opening of the inquest held by coroner Alan Blunsdon, the...
    Dana White: Hard to not consider booking Alexander Volkanovski vs. Max Holloway 3 next Rare Blue Lobster Saved by Red Lobster Employees and Sent to Zoo Nike Taps Former Tesla Executive as Its New Diversity Chief (Bloomberg) -- Nike Inc. promoted a former Tesla Inc. executive to become its new head of diversity, turning to a Black veteran of Silicon Valley to help make the sportswear giant more inclusive. © Photographer: Stephanie Keith/Getty Images North America NEW YORK, NY - DECEMBER 20: A Nike logo is seen at the Nike flagship store on 5th Ave. on December 20, 2019 in New York City. Revenue in the North American market, which accounts for the majority of Nikes sales, rose 5% from a year ago. The company said its Jordan brand had its first ever billion-dollar quarter. (Photo by Stephanie Keith/Getty Images) Felicia Mayo, who worked at Tesla Inc., Juniper Networks...
    Fall without football: How America would look without its favorite sport Meghan Markle and Prince Harry Fell in Love in 3 Months. Here’s How They Kept Their Dating Secret Walgreens Says Stefano Pessina Plans to Step Down as Chief Executive (Bloomberg) -- Walgreens Boots Alliance Inc. said that Stefano Pessina plans to step down as chief executive officer, a move that comes as the drugstore giant faces the pandemic and longer-term shifts in the pharmacy business. Pessina will assume the role of executive chairman after Walgreens appoints a new CEO, the company said in a statement. James Skinner will step down as executive chairman but plans to remain on the board to help with the leadership transition. © Bloomberg Key Speakers At The Bloomberg Live Future Of Health Care Conference Stefano Pessina Load Error Photographer: Andrew Harrer/Bloomberg Walgreens shares were down 0.1% in premarket trading to $40.40 on...
    Longtime Netflix executive Ted Sarandos has been named co-chief executive officer alongside co-founder Reed Hastings, the company announced today as part of its second quarter earnings release on Thursday. “Ted has been my partner for decades. This change makes formal what was already informal — that Ted and I share the leadership of Netflix,” Hastings said in a letter to shareholders. The letter does not state if the move is effective immediately. Hastings added in a blog on the company’s website that he doesn’t expect much to change “in terms of the day-to-day running of Netflix.” Hastings added that “our key executive leadership groups are unchanged,” and he further characterized as the move as “Ted’s well deserved promotion formalizing how we already run the business today.” “Ted’s well deserved promotion formalizing how we already run the business today.” Sarandos, who joined Netflix in 1999 and has been...
    Hong Kong (CNN Business)Luckin Coffee has ousted its chairman and named a new chief executive, as the company tries to draw a line under an accounting scandal that has rocked its business. The embattled Chinese coffee chain named Jinyi Guo chairman and CEO, after shareholders voted to remove co-founder and former chairman Charles Zhengyao Lu, Luckin said in a regulatory filing on Monday.Chinese coffee company Luckin will be delisted after defrauding investorsLuckin went public last year and surged due to what appeared to be strong sales growth. But then the company — which was once hailed as China's homegrown rival to Starbucks (SBUX) — admitted in April that a good portion of its 2019 revenues were fabricated. Its shares collapsed following the revelations. Luckin stock is down nearly 93% for the year, and the Nasdaq has decided to delist the company. Guo has been the acting CEO since May, after...
    WASHINGTON (Reuters) - U.S. President Donald Trump will sign three executive orders on lowering prescription drug prices, White House Chief of Staff Mark Meadows said on Thursday. "This president is going to do three different executive orders that will substantially make sure that the average American gets to pay less for their prescription drugs," Meadows said in an interview on Fox Business Network. Meadows did not give details and did not say when the executive orders would be signed. (Reporting by Eric Beech; Editing by Mohammad Zargham) Copyright 2020 Thomson Reuters.
    BERLIN (AP) — Germany’s ailing Commerzbank says its chief executive, Martin Zielke, has offered his resignation and its chairman has announced he’s stepping down next month. In a statement Friday after market trading ended, Commerzbank said a recommendation was made to “mutually terminate” Zielke’s appointment as board member and chairman of the board of managing directors by the end of the year at the latest. Zielke was appointed chief executive in 2016. The bank also said that Stefan Schmittmann would resign as chairman of the supervisory board with effect from Aug. 3. The German state holds over 15% of Commerzbank’s stock, making it the lender’s biggest shareholder. Earlier this week German media reported that the bank was considering cutting thousands of jobs and closing hundreds of branches in the coming years as part of a cost savings plan. Copyright © 2020 The Associated Press. All rights reserved. This material may not...
    Marvin EllisonJim Spellman | WireImage | Getty Images When Lowe's CEO Marvin Ellison took the helm at one of the nation's largest retailers, he looked around and saw he was surrounded by mostly white executives at his own company and in the business world.  It was not a new experience for him. Ellison was born to parents who worked as sharecroppers. He grew up in a segregated community in the south. Now, he is one of four Black CEOs in the Fortune 500. But he said he's tired of seeing CEOs and others pledge to add diversity and fight racism, but do little. "Sometimes, you have to decide to talk less and do more," he said at a virtual speaker series hosted by the National Retail Federation. "I'm very, very appreciative that there's all this dialogue happening out there, but I didn't have to see the horrific murder of George Floyd to understand...
    The U.S. Supreme Court on Monday ruled that the legal stricture preventing the president from firing the head of the Consumer Financial Protection Bureau (CFPB) was unconstitutional, reasoning that the provision violated separation of powers doctrine. While overshadowed by the release of the Court’s much-anticipated Louisiana abortion ruling, legal experts warned that the decision could have wide-reaching consequences concerning executive power that may play a significant role in the court’s pending decision concerning President Donald Trump’s tax returns. In the wake of the 2008 financial crash, Congress in 2010 created the CFPB as an independent agency with a single Senate-confirmed director who could only be removed for cause. In a 5-4 decision made along the usual liberal/conservative lines, Chief Justice John Roberts sided with the Court’s conservatives to hold that “the CFPB’s leadership by a single individual removable only for inefficiency, neglect, or malfeasance violates the separation of powers,” while...
    (L-R) Michael Corbat, chief executive officer of Citigroup Inc., Jamie Dimon, chief executive officer of JPMorgan Chase & Co., James Gorman, chief executive officer of Morgan Stanley, Brian Moynihan, chief executive officer of Bank of America Corp., Ron O'Hanley, president and chief executive officer of State Street Corp., Charles Scharf, chief executive officer of Bank of New York Mellon Corp., and David Solomon, chief executive officer of Goldman Sachs & Co., are sworn in before a House Financial Services Committee hearing on April 10, 2019 in Washington, DC.Alex Wroblewski | Getty Images Some of the largest banks in the U.S. on Monday reported results from the Federal Reserve's annual stress test.  Investors wondered before the announcements if any of the six-largest banks would be forced to cut their quarterly dividends to honor the Fed's stringent capital requirements, designed to prevent widespread financial calamity during a severe economic downturn. While the...
    Acting Homeland Security Secretary Chad Wolf on Thursday criticized the Supreme Court’s decision on the Obama-era Deferred Action for Childhood Arrivals (DACA) program, accusing the high court of failing to deliver certainty to recipients of the program, and of usurping the authority of the executive branch. The court ruled Thursday in a 5-4 decision that Trump’s push to end the program, which gave protection from deportation to illegal immigrants who came to the country as children,­ was in violation of the Administrative Procedure Act (APA) — which sets out rulemaking procedures for federal agencies. “DACA recipients deserve closure and finality surrounding their status here in the US. Unfortunately, today’s Supreme Court decision fails to provide that certainty,” Wolf said in a statement. “The DACA program was created out of thin air and implemented illegally. The American people deserve to have the Nation’s laws faithfully executed as written by their...
    Acting Homeland Security Secretary Chad Wolf on Thursday criticized the Supreme Court’s decision on the Obama-era Deferred Action for Childhood Arrivals (DACA) program, accusing the high court of failing to deliver certainty to recipients of the program, and of usurping the authority of the executive branch. The court ruled Thursday in a 5-4 decision that Trump’s push to end the program, which gave protection from deportation to illegal immigrants who came to the country as children,­ was in violation of the Administrative Procedure Act (APA) — which sets out rulemaking procedures for federal agencies. “DACA recipients deserve closure and finality surrounding their status here in the US. Unfortunately, today’s Supreme Court decision fails to provide that certainty,” Wolf said in a statement. “The DACA program was created out of thin air and implemented illegally. The American people deserve to have the Nation’s laws faithfully executed as written by their representatives...
    Acting Homeland Security Secretary Chad Wolf on Thursday criticized the Supreme Court’s decision on the Obama-era Deferred Action for Childhood Arrivals (DACA) program, accusing the high court of failing to deliver certainty to recipients of the program, and of usurping the authority of the executive branch. The court ruled Thursday in a 5-4 decision that Trump’s push to end the program, which gave protection from deportation to illegal immigrants who came to the country as children,­ was in violation of the Administrative Procedure Act (APA) -- which sets out rulemaking procedures for federal agencies. TRUMP CALLS FOR 'NEW JUSTICES' ON SUPREME COURT, AS CONSERVATIVES RAGE AT ROBERTS  “DACA recipients deserve closure and finality surrounding their status here in the U.S. Unfortunately, today’s Supreme Court decision fails to provide that certainty,” Wolf said in a statement. “The DACA program was created out of thin air and implemented illegally. The American people deserve...
    Bruce LeVell, the executive director of the National Diversity Coalition for Trump, joined the Daily Caller’s Stephanie Hamill to discuss President Donald Trump’s executive order on police reform, the fatal police shooting of Rayshard Brooks and more. LeVell slammed Senate Minority Leader Chuck Schumer and other Democratic politicians for criticizing the president’s executive order on police reform. (RELATED: ‘A Good Thing’: Van Jones Praises Trump’s Executive Order On Police Reform.)    “Well between the top leadership in Schumer’s party, I think it’s over a hundred years combined— what have you done?” LeVell said. “Show me what you have done, I can tell you the answer, Nothing.” While Pres. Trump’s finally acknowledged the need for policing reform—one modest executive order will not make up for his years of inflammatory rhetoric & policies designed to roll back progress Unfortunately, this executive order will not deliver comprehensive meaningful change pic.twitter.com/JgcjHudgdp — Chuck Schumer...
    In a new piece for the New York Review of Books, former Director of the Office of Government Ethics Walter Shaub described in excruciating detail the extreme steps President Donald Trump has taken to undermine accountability in the federal government. “Before Trump, our nation was admired for its anticorruption mechanisms, and its ethics program was considered the gold standard. No more,” he wrote. “Once a model for other nations, we are now an object lesson for them.” Shaub became a public figure himself after he resigned in protest from the office. He had worked for months under Trump and tried to pressure the administration to comply with ethics rules, but he found his work to be fruitless. The most notable violator of ethics rules was, of course, the command in chief, who refused to distance himself from his businesses. And this poor example from the top made it much more...
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