06-19-2024  11:42 pm   •   PDX and SEA Weather
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NORTHWEST NEWS

Black Leaders Urge County to Continue Funding Multnomah Mothers Trust

The program has been entirely funded by American Rescue Plan grants, which run out after this year.

‘Feeling Our Age’: Oregon Artist Explores Aging Through Portraiture

64 women were painted and asked to reflect on lives well lived.

Off-Duty Guard Charged With Killing Seattle-Area Teen After Mistaking Toy for Gun, Authorities Say

Prosecutors charged 51-year-old Aaron Brown Myers on Monday in connection with the death of Hazrat Ali Rohani. Myers was also charged with assault after authorities say he held another teen at gunpoint. His attorney says Myers sincerely believed he was stopping a violent crime.

James Beard Finalists Include an East African Restaurant in Detroit and Seattle Pho Shops

The James Beards Awards are the culinary world's equivalent of the Oscars. For restaurants, even being named a finalist can bring wide recognition and boost business.

NEWS BRIEFS

University of Portland Honored with Carnegie Leadership for Public Purpose Classification

UP recognized as one of 25 institutions nationwide committed to advancing leadership in pursuit of justice, equity, diversity and...

The National Civil Rights Museum Announces 33rd Freedom Award Honorees

This is the museum's signature event, which pays tribute to individuals who have shown unwavering commitment to promoting equity and...

Word is Bond, Portland Art Museum, Portland Sneaker Week Announce Juneteenth Celebration Event, June 20

This Juneteenth program uses the shoe as a medium to amplify the creative voices and visions of Black men and their communities ...

Southeast Portland Natural Area Improvements Coming, Funded by Development Fees

Kelly Butte Natural Area trails, park amenities planned ...

Montavilla Pool to Reopen in July After Mandatory Maintenance

The pool will open later this summer due to an upgrade to the pool’s plumbing that required a more complex solution to achieve...

Nurses in Oregon take to the picket lines to demand better staffing, higher pay

More than 3,000 nurses at six Oregon hospitals spent a second day on the picket lines Wednesday carrying signs that say, “Patients over profits” and “We're out to ensure it's safe in there,” as they continued to demand fair wages and better staffing levels. Nurses are...

With pardons in Maryland, 2.5 million Americans will have marijuana convictions cleared or forgiven

Maryland this week became the latest state to announce mass pardons for people convicted of marijuana-related crimes as the nation wrestles with how to make amends for the lives disrupted in the decadeslong war on drugs. Under Gov. Wes Moore's plan, more than 175,000 convictions for...

A Missouri mayor says a fight over jobs is back on. Things to know about Kansas wooing the Chiefs

TOPEKA, Kan. (AP) — A plan in Kansas for luring the Kansas City's two major league sports franchises from Missouri has prompted their hometown's mayor to declare that the move ends a 5-year-old agreement by the states not to poach each other's jobs. The Kansas Legislature has...

Kansas lawmakers to debate whether wooing the Chiefs with new stadium is worth the cost

TOPEKA, Kan. (AP) — Kansas legislators trying to lure the Kansas City Chiefs to their state argue that helping the Super Bowl champions build a new stadium could bring Kansas millions of dollars in income taxes from players and coaches, which are currently going to Missouri. Some...

OPINION

Juneteenth is a Sacred American Holiday

Today, when our history is threatened by erasure, our communities are being dismantled by systemic disinvestment, Juneteenth can serve as a rallying cry for communal healing and collective action. ...

Supreme Court Says 'Yes” to Consumer Protection, "No" to Payday Lenders 7-2 Decision Upholds CFPB’s Funding

A recent 7-2 ruling by the U.S. Supreme Court gave consumers a long-sought victory that ended more than a decade of challenges over the constitutionality of the agency created to be the nation’s financial cop on the beat. ...

The Skanner News May 2024 Primary Endorsements

Read The Skanner News endorsements and vote today. Candidates for mayor and city council will appear on the November general election ballot. ...

AFRICAN AMERICANS IN THE NEWS

On Juneteenth, monument dedicated in Alabama to those who endured slavery

MONTGOMERY, Ala. (AP) — Thousands of surnames grace the towering monument, representing the more than 4 million enslaved people who were freed after the Civil War. The Equal Justice Initiative, a criminal justice reform nonprofit, invoked the Juneteenth holiday — the day that...

Pharrell at Louis Vuitton celebrates the diversity of human skin in Paris UNESCO show

PARIS (AP) — With just over a month before the Paris Olympics, Louis Vuitton celebrated the beauty of humans and their skin in a star-studded menswear showcase at the headquarters of U.N. cultural agency UNESCO in Paris. Models wearing garb in all the hues of human flesh paraded around a giant...

Rickwood Field, Willie Mays' first pro park and monument of opportunity and oppression, welcomes MLB

BIRMINGHAM, Ala. (AP) — Gerald Watkins watched Aaron Judge, Giancarlo Stanton and other New York Yankees wade through stalks of corn onto an Iowa field in 2021, near the filming site for the 1989 baseball movie “Field of Dreams.” Watkins thought about Rickwood Field, the...

ENTERTAINMENT

Book Review: 'Margo’s Got Money Troubles’ tells a tale of modern love and success

The cover art and title of “Margo’s Got Money Troubles” don’t quite convey the wild ride readers who crack open this new fiction from Rufi Thorpe will take. There’s a reason Apple TV optioned it as a series starring Nicole Kidman and Elle Fanning before it was even published. This is a...

Music Review: Paul McCartney and Wings' oft bootlegged 1974 'One Hand Clapping' deserves applause

The sound of Paul McCartney and Wings' “One Hand Clapping” used to only be heard on bootlegs, or in snippets available on archival releases over the years. But it's new (mostly) complete official release deserves two-handed applause. As aging rockers empty their...

Book Review: 'Swole' explores what masculinity could be in a hyperconnected, TikTok-imaged world

Author Michael Brodeur takes the gym too seriously, and not seriously at all at the same time, in his book “Swole: The Making of Men and the Meaning of Muscles” in an effort to show the readers that the overly online world of hypermasculinity is an illusion and what a man can be is what you...

U.S. & WORLD NEWS

Rifts seem to appear between Israel's political and military leadership over conduct of the Gaza war

JERUSALEM (AP) — The Israeli army’s chief spokesman on Wednesday appeared to question the stated goal of...

Can a marriage survive a gender transition? Yes, and even thrive. How these couples make it work

Marissa Lasoff-Santos and the person she would marry quickly fell head over heels in love. Lasoff-Santos was a gay...

On Juneteenth, monument dedicated in Alabama to those who endured slavery

MONTGOMERY, Ala. (AP) — Thousands of surnames grace the towering monument, representing the more than 4 million...

Hundreds died during this year's Hajj pilgrimage in Saudi Arabia amid intense heat, officials say

MECCA, Saudi Arabia (AP) — Hundreds of people died during this year's Hajj pilgrimage in Saudi Arabia as the...

2 French boys are accused of raping a 12-year-old Jewish girl in an act of antisemitism

PARIS (AP) — Two adolescent boys in a Paris suburb have been given preliminary charges of raping a 12-year-old...

Power outage leaves millions of Ecuadorians in the dark after transmission line fails

QUITO, Ecuador (AP) — A failure in an energy transmission line on Wednesday produced an unexpected blackout...

Hibah Yousuf CNN Money

NEW YORK (CNNMoney) -- Bank of America said Friday that it will pay $2.43 billion to settle a class action lawsuit with investors over its acquisition of Merrill Lynch at the height of the financial crisis.

In the 2009 lawsuit, investors claimed BofA made false or misleading statements about the financial health of both companies prior to the merger.

While BoFA denied the allegations, it said it agreed to settle to avoid a drawn out and expensive legal battle.

"Resolving this litigation removes uncertainty and risk and is in the best interests of our shareholders," said CEO Brian Moynihan in a statement. "As we work to put these long-standing issues behind us, our primary focus is on the future and serving our customers and clients."

BofA has faced an overwhelming amount of criticism from shareholders and lawmakers over its $50 billion acquisition of Merrill Lynch, which ultimately forced former BofA CEO Ken Lewis, who almost single-handedly pushed through the Merrill purchase, to step down from his post at the end of 2009. (Read more: Funky math helped BofA close Merrill deal)

As part of the settlement, BofA said it will also institute new corporate governance policies, including those relating to majority voting in director elections, annual disclosure of noncompliance with stock ownership guidelines, policies for a board committee regarding future acquisitions, the independence of the board's compensation committee and its compensation consultants, and conducting an annual "say-on-pay" vote by shareholders.

The Charlotte, N.C.-based bank also said it would log a litigation charge of about $1.6 billion in the third quarter related to the settlement.

Shares of Bank of America lost ground in early Friday trading.

The Skanner Foundation's 38th Annual MLK Breakfast