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Deutsche Bank to pay $75 million to settle lawsuit from Epstein victims, lawyers say

Published Fri, 22 Nov 2024 03:51:51 GMT

LONDON (AP) — Deutsche Bank has agreed to pay $75 million to settle a lawsuit claiming that the German lender should have seen evidence of sex trafficking by Jeffrey Epstein when he was a client, according to lawyers for women who say they were abused by the late financier.A woman only identified as Jane Doe sued the bank in federal district court in New York and sought class-action status to represent other victims of Epstein. The lawsuit asserted that the bank knowingly benefitted from Epstein’s sex trafficking and “chose profit over following the law” to earn millions of dollars from the businessman.One of the law firms representing victims in the case, Edwards Pottinger, said it believed the sex-trafficking settlement is likely the largest with a bank in U.S. history.“This groundbreaking settlement is the culmination of two law firms conducting more than a decade-long investigation to hold one of Epstein’s financial banking partners responsible for the role it played in fa...

Australia to provide surveillance drones to Philippines amid South China Sea tensions

Published Fri, 22 Nov 2024 03:51:51 GMT

MANILA, Philippines (AP) — Australia will provide surveillance drones and other high-tech gear to the Philippine coast guard and is considering whether to take part in joint patrols in the disputed South China Sea, Australia Foreign Minister Penny Wong said Thursday.Wong, who held talks in Manila with her counterpart, Enrique Manalo, also thanked the Philippine government for its help in the discovery of a ship that sank during World War II in the northern Philippines, killing nearly a thousand Australians “in a very sad chapter in our history.”The United States and the Philippines, which are longtime treaty allies, have been holding talks on proposed joint naval patrols in the South China Sea, where China has fortified its vast territorial claims by transforming disputed reefs into missile-protected island bases and deploying Chinese coast guard and militia ships on constant patrols.Aside from China and the Philippines, Vietnam, Malaysia, Taiwan and Brunei are also embroiled ...

Austrian president, government at odds over offering Ukraine demining help

Published Fri, 22 Nov 2024 03:51:51 GMT

BERLIN (AP) — The president and government of Austria are at odds over whether the country should offer Ukraine help with civilian demining, with the defense minister and a major opposition party pointing to concerns over the implications for Austrian military neutrality.President Alexander Van der Bellen, who is formally the military’s commander in chief but has no say over day-to-day policy, told the Austria Press Agency he doesn’t understand why the government continues to hesitate on the issue.“Support in demining civilian areas such as residential buildings, schools, kindergartens or agricultural areas certainly doesn’t contradict Austrian neutrality; it is a humanitarian matter,” Van der Bellen said in a statement to APA.Defense Minister Klaudia Tanner disagreed, telling Oe1 radio on Thursday that “the situation is currently so unclear that we are not in a position to be able to distinguish between humanitarian and military demining.” She also said Austrian is currently provid...

ATS reports $29.6M Q4 profit, revenue up more than 20% from year ago

Published Fri, 22 Nov 2024 03:51:51 GMT

CAMBRIDGE, Ont. — ATS Corp. reported a fourth-quarter profit of $29.6 million, down from $39.9 million a year ago, as its revenue rose more than 20 per cent.The maker of industrial automation systems says the profit amounted to 32 cents per share for the quarter ended March 31, down from 44 cents per share a year ago.Revenue totalled $730.8 million, up from $603.2 million in the same quarter last year.The company’s order backlog stood at $2.15 billion, up from $1.44 billion a year ago.On an adjusted basis, ATS says it earned 73 cents per share, up from an adjusted profit of 60 cents per share a year earlier.Analysts on average had expected an adjusted profit of 54 cents per share and $664.4 million in revenue for the quarter, according to estimates compiled by financial markets data firm Refinitiv.This report by The Canadian Press was first published May 18, 2023.Companies in this story: (TSX:ATS)The Canadian Press

Pick a college bank account as carefully as your college

Published Fri, 22 Nov 2024 03:51:51 GMT

Attending college can get pricey, so you’ll want to avoid costs from other places — like your bank account.More than 668,000 students paid nearly $15.5 million in bank account costs in a year, an average of almost $26 per person, according to a 2022 report by the Consumer Financial Protection Bureau. What’s worse is that some colleges endorse costly bank accounts as part of their partnerships with banks.“Do not assume that because your college or university partners with a bank, that bank is offering you a good deal,” Aaron Klein , senior fellow in economic studies at the Brookings Institution, said in an email.Before heading off to college, consider what factors you need in a college checking account. There’s no grade on this, but the wrong bank can cost you.DECIDE WHAT FEATURES MATTERChecking accounts work similarly wherever you bank, but some features vary or aren’t available at every bank, including branches, highly rated mobile apps, certain account fees and perks such as direc...

Man fatally shot outside violence prevention center on South Side

Published Fri, 22 Nov 2024 03:51:51 GMT

CHICAGO — A man who was working with a violence reduction non-profit in Chicago was shot and killed Wednesday afternoon in the organization's parking lot.According to Chicago police, the man, 28, was walking around 12:15 p.m. in the 1000 block of East 95th Street when he was approached by two people who fired shots. He was shot in the head and died on the scene. Indiana man charged with selling gun eventually found during arrest connected to officer’s death Chicago CRED, a non-profit violence reduction organization, said the man had been with the program for nine months. His identity hasn't been released by the Cook County Medical Examiner's Office, Chicago police or Chicago CRED."He came to us because he wanted a way out of his life on the streets and had made great progress toward that goal," a statement from Chicago CRED read. "Because Chicago CRED targets the individuals at highest risk of shooting or being shot, we live with this possibility every day." ‘It feels amazing’: ...

Thursday Forecast: Temps in high 70s with mostly sunny conditions

Published Fri, 22 Nov 2024 03:51:51 GMT

CHICAGO — Mostly sunny Thursday with cooler conditions lakeside. Winds: SSE 5-10 G15. High: 78/67. Interactive Radar: Track showers and storm here Mostly cloudy tonight with a chance for rain. Winds: SW 10-15 G20. Low: 61.FRIDAY FORECAST: Mostly cloudy Friday with rain and t-storms. Winds: NW 10-15. High: 71.Full forecast details and more at the WGN Weather Center blog

Indiana man charged with selling gun eventually found during arrest connected to CPD officer's death

Published Fri, 22 Nov 2024 03:51:51 GMT

CHICAGO — An Indiana man is facing a federal charge after he allegedly sold a firearm bought in Indiana to a person in Chicago and was recovered during an arrest made in connection with the death of Officer Aréanah Preston.Corey Gray, 21, of LaPorte, was arrested Wednesday morning and is charged with one count of knowingly transferring a firearm to an individual who was neither a licensed dealer nor an Indiana resident, according to court documents. Funeral services held Wednesday for slain CPD officer Aréanah Preston According to a federal complaint, one of Gray's relatives bought the Glock 17 from a licensed dealer in April 2021 in Valparaiso and gave it to him.A few months later, Gray told ATF special agents he gave the gun to a person he knew as "Lil' Pooh" for $1,200 in Chicago, according to the complaint.The man Gray sold the gun to is only identified as Lil' Pooh and Individual B in the complaint, but an ATF special agent wrote the man was 19 and died in April.It's not clea...

NYC's famous red-tailed hawk Pale Male dies after nesting above Fifth Avenue for 30 years

Published Fri, 22 Nov 2024 03:51:51 GMT

NEW YORK (AP) — Pale Male, a red-tailed hawk who brought a touch of the wild to swanky Manhattan as he nested above Fifth Avenue for three decades, has died.Pale Male died late Tuesday after being found ill and grounded in Central Park, wildlife rehabilitator Bobby Horvath posted on Facebook. The hawk was believed to be 33 years old.Horvath posted that he picked Pale Male up and took him to his rehab group's veterinarian, who did bloodwork and X-rays. The hawk later ate a small meal but remained weak and lethargic, Horvath said. “We hoped for any improvement, but sadly it was not meant to be,” he said.Pale Male, so named because of his whitish plumage, was first spotted in Central Park as a juvenile in 1991 and began nesting on Fifth Avenue across from the park in 1993.Bird lovers crowded inside the park to watch as Pale Male and his succession of mates hatched and raised their young each spring.The birders were outraged in 2004 when Pale Male's nest with then-mate Lola wa...

Air quality concerns as hot, dry weather takes hold today

Published Fri, 22 Nov 2024 03:51:51 GMT

AUSTIN (KXAN) -- Hot and dry conditions courtesy of sinking air overhead will cause concerns for air quality today.An Air Quality Alert is in effect for the I-35 corridor + Bastrop and Caldwell Counties for elevated ground-level ozone. Consider limiting how much you drive and turning your thermostat up a couple of degrees to conserve energy.Afternoon highs will top 90° again this afternoon with mostly sunny and dry skies areawide. IN-DEPTH: Despite the current heat, temperatures this May are running nearly 6° cooler than May 2022, which ended up being the hottest May on record.Friday storm systemWe are tracking a low pressure system and cold front arriving Friday evening that will bring a chance of severe thunderstorms, then cooler weather over the weekend.Slight risk (2 out of 5) for severe storms late FridayStorms look most likely after 5 p.m. Friday from Austin through the Hill Country, and may persist in some areas until after midnight. Large hail and damaging winds appear most ...