Author: Press Room

FBI Director Christopher Wray told reporters Friday that he has seen the bodycam footage of the violent arrest and subsequent killing of 29-year-old Tyre Nichols and said he was “appalled” by what he saw.”What happened in Memphis is obviously tragic. I’ve seen the video myself and I will tell you I was appalled,” he said. “I’m struggling to find a stronger word but I will just tell you I was appalled.” FOUR OF FIVE MEMPHIS POLICE OFFICERS CHARGED WITH KILLING TYRE NICHOLS RELEASED FROM JAIL AFTER POSTING BAILThe footage, which has been described as “heinous” and “a failing of basic…

Goldman Sachs had a rough year in 2022. And CEO David Solomon was punished for that. Sort of. The investment banking giant said in a Securities and Exchange Commission filing Friday that Solomon received $25 million in annual compensation last year. While that is still a very large amount of money, it’s down nearly 30% from the $35 million that Solomon raked in during 2021. Solomon’s $2 million annual salary is unchanged. But the company said that his “annual variable compensation,” paid in a mix of performance-based restricted stock units and cash, was well below 2021 levels. The reason: Weaker…

Progressive and State Farm, two of America’s largest auto insurers, are refusing to write policies in certain cities for some older Hyundai and Kia models that have been deemed too easy to steal, according to the companies. Several reports say the companies have stopped offering insurance on these vehicles in cities that include Denver, Colorado and St. Louis, Missouri. The insurance companies did not tell CNN which cities or states were involved. The Highway Loss Data Institute released insurance claims data last September that confirmed what various social media accounts had been saying: Some 2015 through 2019 Hyundai and Kia…

American Express, Visa and Mastercard signage are displayed in a shop window in New York.Scott Eells | Bloomberg | Getty ImagesCheck out the companies making headlines in midday trading.American Express — The credit card company saw an 11% jump in its shares after it issued upbeat earnings and revenue guidance for 2023 that was better than expected by Wall Street analysts. The company also said it will increase its dividend by 15%.Intel — The chipmaker saw its shares drop nearly 7% after its latest financial results missed analysts’ estimates and showed significant declines in the company’s sales, profit and gross margin. The company also forecasted…

Victoria Azarenka was ordered to remove a shirt she was wearing in a bizarre scene before her semifinal loss at the Australian Open on Thursday night. After a nail-biting first set, reigning Wimbledon champion Elena Rybakina claimed the tie-break and ran away with the match, winning 7-6, 6-3. Before the match, Azarenka walked onto Rod Laver Arena wearing a Paris Saint Germain football jersey but was swiftly told by umpire Alison Hughes to remove it. The 33-year-old had worn the PSG shirt onto the court before several of her matches at Melbourne Park, explaining she wears it because it’s the…

The violence began after 59 Hindu pilgrims were killed in a fire on a train. Thirty-one Muslims were convicted of criminal conspiracy and murder over that incident. At least 1,000 people, mostly Muslims, died in the unrest that followed. The documentary quoted a previously classified British foreign ministry report which said the violence was “politically motivated” and the aim “was to purge Muslims from Hindu areas”. The report also claims that the riots were impossible “without the climate of impunity” created by Modi’s administration. India has dismissed the series as a “hostile” propaganda piece and ordered big social media platforms…

PORTLAND, Ore. — A jury has awarded an Oregon woman $1 million in damages after finding she was discriminated against by a gas station employee who told her, “I don’t serve Black people.”The Multnomah County jury’s award this week to Portland resident Rose Wakefield, 63, included punitive damages of $550,000.Wakefield’s lawyer, Gregory Kafoury, said she stopped for gas at Jacksons Food Store in Beaverton on March 12, 2020, and saw the attendant, Nigel Powers, ignore her and instead pump gas for other drivers.When she tried to ask for assistance, he said, “I’ll get to you when I feel like it,”…

Three people were arrested in the death of an 11-year-old girl who was killed in a drive-by shooting as she walked home from a nearby corner store, Syracuse, New York, police said. Brexialee Torres-Ortiz had left her home on Jan. 16 to buy a carton of milk for her family. She was returning home when the suspects allegedly opened fire from a car, targeting a 19-year-old boy. “A little girl left her apartment, left her loving mother and grandmother because she wanted to be a good kid and not have them go out in the cold and grab a carton…

New York CNN  —  T.J. Holmes and Amy Robach, the anchors of the third hour of ABC’s flagship morning show “Good Morning America,” are in the final stages of negotiating an exit from the network after photos surfaced last year of the pair engaged in an apparent romantic relationship, a person familiar with the matter told CNN Friday. A spokesperson for ABC News did not immediately respond to a request for comment. But the network has been negotiating with the “GMA3” anchors this week about an exit and the talks have advanced to final stages, the person familiar with the…

Dear reader, This week, FT readers may have learnt more about German and US motorised armoured weaponry for use in Ukraine than they care to know. But Lex has noted that a different sort of tank has returned, parking on and churning up the front lawns of listed companies. Resurgent stock prices have attracted activist funds to underperforming companies and the boards that run them. Getting on to a board to influence change is an important step for activists. But recent volleys at board members are notable. In the US, Nelson Peltz’s fund Trian has taken on consumer entertainment group…