07-09-2020  2:09 am   •   PDX and SEA Weather
  • 1
  • 2
  • 3
  • 4

NORTHWEST NEWS

Oregon DOJ to Hold Listening Sessions on Institutional Racism; Leaders Wary

DOJ will hold 11 virtual listening sessions for underserved Oregonians.

Portland Black Community Frustrated as Violence Mars Protests

Black leaders condemn violence from small group of mostly-white activists as Rose City Justice suspends nightly marches

Protester Dies After Car Hits Two on Closed Freeway

Summer Taylor, 24, of Seattle died and Taylor and Diaz Love of Portland were injured. The driver, Dawit Kelete has been arrested

Police Union Contract Extended, Bargaining to Continue

Negotiations will resume in January 2021.

NEWS BRIEFS

Portland Art Museum and Northwest Film Center Announce Artist Fund

The fund will help support artists during COVID crisis and beyond ...

The OHS Museum Reopens Saturday, July 11

The Oregon Historical Society museum will reopen with new hours and new safety protocols ...

Meyer Memorial Trust Announces New Trustee

Amy C. Tykeson of Bend, will oversee management of the 38-year-old Oregon-serving foundation. ...

African American Alliance for Home Ownership Announces New Board Member

AAAH has announced the appointment of Carl Anderson, M.D., a staff physician specializing in occupational medicine with Northwest...

Ploughshares Fund announces over $1 million in Grants to Stop Nuclear Threats

The global security foundation’s board of directors awards grants to 15 organizations working on nuclear weapons issues ...

Police: million lost due to ongoing Portland protests

PORTLAND, Ore. (AP) — Downtown businesses in Portland, Oregon, have sustained about million in damages and lost customers because of violent nightly protests that have brought the city to its knees, authorities said Wednesday.At a police briefing, Deputy Chief Chris Davis said the...

Driver who hit Seattle protesters charged with 3 felonies

SEATTLE (AP) — Prosecutors on Wednesday filed three felony charges against the man who hit two protesters with his car, killing one, while driving on a Seattle freeway that was closed for Black Lives Matter demonstrations.The King County Prosecuting Attorney's office charged Dawit Kelete,...

Iowa defensive back Jack Koerner hurt in jet ski accident

IOWA CITY, Iowa (AP) — Iowa defensive back Jack Koerner sustained serious injuries when he and a passenger on a jet ski collided with a boat on the Lake of the Ozarks in Missouri.According to a police report, Koerner and Cole Coffin were hurt at about 6:30 p.m. Friday when their watercraft...

Missouri football program pushes again for racial justice

COLUMBIA, Mo. (AP) — Ryan Walters had just arrived at the University of Missouri to coach safeties for the football program when a series of protests related to racial injustice led to the resignations of the system president and the chancellor of its flagship campus.The student-led movement...

OPINION

Recent Protests Show Need For More Government Collective Bargaining Transparency

Since taxpayers are ultimately responsible for funding government union contract agreements, they should be allowed to monitor the negotiation process ...

The Language of Vote Suppression

A specific kind of narrative framing is used to justify voter suppression methods and to cover up the racism that motivates their use. ...

Letter to the Community From Eckhart Tolle Foundation

The Eckhart Tolle Foundation is donating more than 250,000 dollars to organizations that are fighting racism ...

Editorial From the Publisher: Vote as Your Life Depends on It

The Republican-controlled Senate won’t pass the George Floyd Justice in Policing Act, no matter how hard Oregon’s senators and others work to push for change. ...

AFRICAN AMERICANS IN THE NEWS

Black Players for Change lead protest at MLS is Back tourney

Now that Major League Soccer has re-started, a group of Black Major League Soccer players is using the moment to call attention to systemic racism across sports and society. Black Players for Change was formerly the Black Players Coalition of MLS, but changed its name this week while joining forces...

Latino group launches M campaign to boost voter turnout

PHOENIX (AP) — A national organization is announcing a million campaign to turn out Hispanic voters in several of this year's battleground states.Mi Familia Vota, based in Phoenix, said it will spend million on get-out-the-vote measures and an additional million on digital and...

MLS returns to action after poignant moment of silence

KISSIMMEE, Fla. (AP) — Nani called it beautiful and emotional.He wasn't talking about either goal he played a part in during Orlando City's 2-1 victory over Inter Miami on Wednesday night. Nearly 200 players took the field for an 8-minute, 46-second moment of silence to protest racial...

ENTERTAINMENT

Comic hero 'Asterix' plans friendly assault on the New World

NEW YORK (AP) — Americans have long adored things from France, like its bread, cheese and wine. But they've been stubbornly resistant to one of France's biggest imports: “Asterix.”The bite-sized, brawling hero of a series of treasured comic books is as invisible in America as...

Review: In 'The Old Guard,' the comic movie gets an overhaul

For all the painful absences of this summer, it has been a season blessedly bereft of superheroes. No, they’re not all bad. And there is much of the normal rhythms of the movies’ main-event months to be nostalgic for. But one thing I haven’t missed is the unending business of...

With a satirical fictional memoir, Jim Carrey gets real

NEW YORK (AP) — When Jim Carrey and Dana Vachon handed in the book they had toiled on for eight years — a satirical “anti-memoir” about Carrey’s life but with increasingly extreme flights of absurdity — to Sonny Mehta, the late Knopf publisher said he would...

U.S. & WORLD NEWS

Sheriff: Actress Naya Rivera missing in SoCal lake

LOS ANGLES (AP) — Authorities say former “Glee” star Naya Rivera is missing and being...

25 years on, Srebrenica dead still being identified, buried

SREBRENICA, Bosnia-Herzegovina (AP) — A quarter of a century after they were killed in Europe’s...

Health official: Trump rally 'likely' source of virus surge

OKLAHOMA CITY (AP) — President Donald Trump's campaign rally in Tulsa in late June that drew thousands of...

Mali leader promises court changes in bid to quell protests

BAMAKO, Mali (AP) — In a televised midnight speech, Malian President Ibrahim Boubacar Keita promised early...

Singapore governing party set to extend power in elections

SINGAPORE (AP) — Singaporeans vote Friday in Southeast Asia’s first election since the coronavirus...

The Latest: Tokyo sees most new virus infections since April

TOKYO — The Japanese capital has confirmed more than 220 new coronavirus infections, exceeding its previous...

McMenamins
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.

image of Coronavirus Disease 2019 (COVID-19)
Port of Seattle Police We Want to Hear
Calendar

Photo Gallery

Photos and slide shows of local events

burgerville allies
The Skanner Photo Archives