Wells Fargo Ex-CEO Settles SEC Claims, Former Community Bank Head Faces Fraud Case
Former Wells Fargo & Co. chief government John Stumpf agreed Friday to pay $2.5 million to settle civil claims over his role in the bank’s fake accounts scandal, whereas regulators sued one other former Wells government over fraud allegations.
Mr. Stumpf, who stepped down from his top post in 2016, neither admitted nor denied the Securities and Change Fee’s claims, which accused him of deceptive traders in regards to the success of Wells Fargo’s neighborhood banking enterprise. Mr. Stumpf was earlier barred from the banking industry and paid $17.5 million to settle claims from the Workplace of the Comptroller of the Foreign money.
Individually, the SEC sued former consumer-bank head Carrie L. Tolstedt, submitting a civil fraud case in opposition to her in San Francisco federal courtroom. The regulators mentioned Ms. Tolstedt publicly described and endorsed a key measure of Wells Fargo’s enterprise, the “cross-sell metric,” with out disclosing that it was inflated by unused and unauthorized accounts and companies.
The SEC’s lawsuit seeks a courtroom judgment ordering Ms. Tolstedt to pay fines and barring her from serving as an officer or director of a public firm. A lawyer for Mr. Stumpf declined to remark. An lawyer for Ms. Tolstedt wasn’t instantly accessible for remark. “If executives discuss a key efficiency metric to advertise their enterprise, they have to achieve this totally and precisely,” mentioned Stephanie Avakian, director of the SEC’s enforcement division. “The fee will proceed to carry accountable not solely the senior executives who make false and deceptive statements but in addition those that certify to the accuracy of deceptive statements regardless of warnings on the contrary.”
Wells Fargo agreed in February to pay $3 billion to settle civil and criminal investigations into its long-running pretend accounts scandal, closing the door on a significant portion of the authorized issues that for years have beset one of many nation’s largest banks.
https://apkmetro.com/wells-fargo-ex-ceo-settles-sec-claims-former-community-bank-head-faces-fraud-case/
09-0017 USAF C-32A ws from JBA with IRON99 US Navy E-6B Mercury east from Tinker
Coronavirus cases in Japan hit new highs
A record 1,705 new coronavirus cases were reported in Japan on Friday, surpassing the previous high set on Thursday. The prime minister is calling for renewed vigilance. Experts say the country is experiencing a third wave of infections. In total, there have been more than 116,000 since the outbreak began. Nearly 1,900 people have died.
Tokyo remains the largest hot spot. New cases in the capital have surpassed 300 for three straight days. Medical workers are concerned about the rising number of patients. Doctors at a Tokyo hospital accepting the seriously ill say they're reaching capacity.
One said, "It may be necessary to increase the number of beds because they have been almost full since last week." The northernmost prefecture of Hokkaido is another hot spot. More than 200 new cases were reported on Friday. Multiple clusters have been detected in a nightlife district in Sapporo. Authorities are asking restaurants and bars in the area to shorten their business hours.
Hokkaido Governor Suzuki Naomichi said, "The situation is still very severe as we try to strike a balance between social and economic activities and preventing infections from spreading."
Also on Friday, officials said more than 130 people who made use of a domestic travel campaign launched by the central government had tested positive for the virus. The campaign aims to boost the tourism industry, which has been hit hard by the pandemic. But questions are being raised about whether it should continue. Prime Minister Suga Yoshihide said, "I acknowledge that experts also have the view that there is no need to declare a state of emergency or review the travel campaign at the moment."
Suga is urging people to take basic anti-infection measures, especially in risky situations, such as group meals.
https://www3.nhk.or.jp/nhkworld/en/news/20201114_03/
GTMO844 US Navy Beech Huron appears over Bahamas and heading for NAS Jax
Sunrun, Inc sold by Vivint Solar CEO: $28.48m-Nov 9,10 & 12
Sunrun Inc. is engaged in the design, development, installation, sale, ownership and maintenance of residential solar energy systems (Projects) in the United States. The Company is engaged in providing solar energy services and products to its customers. As of December 31, 2016, it operated a fleet of residential solar energy systems in the United States, with approximately 134,000 customers across 16 states, as well as the District of Columbia. The Company sells to homeowners over the phone, in the field through canvassing and in-home sales and through retail sales channels through its strategic partners. The solar service offerings are provided through its lease and power purchase agreements. It sells solar service offerings and installs solar energy systems for homeowners through its direct-to-consumer channel. It sells solar energy systems to homeowners, as well as related products, such as solar panels, inverters, racking systems and other solar-related equipment to resellers. Number of employees : 4 800 people.
https://www.marketscreener.com/quote/stock/SUNRUN-INC-23249842/company/
David H. Bywater is Chief Executive Officer for Vivint Solar, Inc. Mr. Bywater is also on the board of SunRun, Inc., Ouelessebougou Alliance and Youthlinc. In the past he held the position of Senior Manager at Bain & Co., Inc., Chief Operating Officer of APX Group, Inc., Chief Operating Officer at Vivint, Inc., Chief Operating Officer at Vivint Smart Home, Inc. and Executive Vice President at Xerox Corp. David H. Bywater received an undergraduate degree from Brigham Young University and an MBA from Harvard Business School.
https://www.marketscreener.com/business-leaders/David-Bywater-14114/biography/
https://www.finviz.com/insidertrading.ashx?oc=1673823&tc=7&b=2
09-0017 USAF C-32A on final approach for Majors Airport Greenville, TX from JBA departure
moar of muh narrative-this is oss
ORDER66 USAF E-4B Nightwatch over upper Michigan/Lake Superior from Offutt AFB
VM101 US Navy G5 nw from JBA passing overhead
S&P 500 ends at record as stocks rally amid vaccine hopes
DJIA +1.37% SPX +1.36% NAS +1.02%
Stocks scored gains Friday, with the S&P 500 closing at a record as investors cheered progress toward a COVID-19 vaccine, while seeming to look past a continued rise in new cases of the ilness. The Dow Jones Industrial Average DJIA, 1.37% rose around 399 points, or 1.4%, to close near 29,480, according to preliminary figures, while the S&P 500 SPX, 1.36% gained around 48 points, or 1.4%, to finish near 3,585, topping its previous record close of 29,551.42 from Sept. 2. The Nasdaq Composite rose around 120 points, or 1%, to finish near 11,829. Stocks were on the rise this week after Pfizer Inc. PFE, +2.87% and BioNTech SE BNTX, +4.30% on Monday announced their COVID-19 vaccine candidate was more than 90% effective in preventing the disease in a trial. The news sparked a rotation away from high-flying tech and internet shares that were seen as beneficiaries of the pandemic into cyclical and small-cap shares that were left behind by 2020's stock-market gains. The tech-heavy Nasdaq saw weekly fall of 0.6%, while the more cyclically oriented Dow rose 4.1%. The S&P 500 saw a gain of 2.2%. The Russell 2000, meanwhile, rose around 2.1%.
After a volatile trading week where the market was whipsawed between hopes and fears around the virus, Cisco Systems Inc CSCO.O provided the biggest boost to the S&P 500 after its quarterly report showed a work-from-home driven surge in demand. Walt Disney Co DIS.N also rose as its rapidly growing streaming video business, and a partial recovery at its theme parks tempered its quarterly loss. Positive data from Pfizer's PFE.N vaccine study earlier this week had prompted a rotation into the cyclical sectors, boosting the S&P 500 .SPX and Dow .DJI.
The tech-heavy Nasdaq .IXIC, however, underperformed as investors booked profits in technology stocks, which have benefited from a stay-at-home environment. Globalt's Martin also pointed to hopes for news of more coronavirus vaccine progress, after Moderna Inc MRNA.O said earlier this week that it had enough data for a first interim analysis of its late-stage trial. With third-quarter reports released from about 90% of S&P 500 companies Refinitiv IBES estimates now show profits falling 7.8% from last year compared with an Oct. 1 expectation for a 21.4% slump.
https://www.marketwatch.com/story/sp-500-ends-at-record-as-stocks-rally-amid-vaccine-hopes-2020-11-13
https://www.reuters.com/article/usa-stocks/us-stocks-wall-st-closes-higher-as-upbeat-cisco-and-disney-results-help-fuel-optimism-idUSL1N2HZ2HU
https://www.macrotrends.net/2566/crude-oil-prices-today-live-chart
https://finance.yahoo.com/quote/%5EGSPC?p=^GSPC
https://www.marketwatch.com/investing/index/dxy
https://www.kitco.com/charts/livesilver.html
Constellation Brands, Inc sold by Vice Chairman of BoD: $81.93m-Nov 10
Constellation Brands, Inc. is one of the leading American producers of wines, spirits and beers. Net sales break down by family of products as follows:
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beer (67.3%): Corona Extra, Corona Light, Modelo Especial, Modelo Negra, Modelo Chelada, Pacifico and Victoria brands;
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wines (28.4%): Robert Mondavi, Simi, Mark Xest, Kim Crawford, Estancia, Clos du Bois, Black Box brands, etc.;
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spirits (4.3%): Svedka Vodka, Casa Noble and High West brands. The United States account for 97.3% of net sales. Number of employees : 9 000 people.
https://www.marketscreener.com/quote/stock/CONSTELLATION-BRANDS-INC-14502/company/
from Nov 10th
Constellation Brands : and E. & J. Gallo Sign Agreement With Federal Trade Commission Staff Relating to Consent Order on Pending Transaction
Constellation Brands, Inc. (NYSE: STZ and STZ.B), a leading beverage alcohol company, announced today that it and E. & J. Gallo Winery have signed an Agreement Containing Consent Order with the Bureau of Competition of the U.S. Federal Trade Commission (FTC) regarding Gallo's pending acquisition of a portion of Constellation's wine and spirits portfolio principally priced at $11 retail and below, including certain related facilities located in California, New York, and Washington State. The proposed consent order marks the final stages in the FTC review process and remains subject to review and approval by the FTC Commissioners, who typically provide their final review within 30 to 45 days. Therefore, Constellation anticipates closing in the fourth quarter of fiscal 2021.
The proposed consent order, if accepted by the FTC Commissioners, would allow Constellation and Gallo to complete the sale under the terms of the Second Amended and Restated Asset Purchase Agreement announced in May 2020. As set forth in the May 2020 agreement the transaction price is approximately $1.03 billion, subject to closing adjustments, of which $250 million is an earnout if brand performance provisions are met over a two-year period after closing. Constellation also expects to close its separate but related transactions with Gallo to divest the New Zealand-based Nobilo Wine brand and related assets for $130 million and with Sazerac to divest the Paul Masson Grande Amber Brandy brand, related inventory and interests in certain contracts for approximately $255 million by the end of the fourth quarter of fiscal 2021, subject to FTC acceptance of the proposed consent order.
https://www.marketscreener.com/quote/stock/CONSTELLATION-BRANDS-INC-14502/news/Constellation-Brands-and-E-J-Gallo-Sign-Agreement-With-Federal-Trade-Commission-Staff-Relating-31737777/
Richard Sands is Constellation’s executive vice chair. Richard is responsible for providing strategic leadership, working with the board of directors to advise on long-range goals, strategies, plans and policies. Richard has been with Constellation in various capacities since 1979. He was elected as chairman of the board in 1999 and served in that role for 19 years. Richard led the company as chief executive officer from 1993 to 2007 and as president from 1986 to 2002. He served as chief operating officer from 1986 to 1993 and as executive vice president from 1982 to May 1986. Richard serves as Chairman for the Education Success Foundation, Education Success Network, Friends of CMAC, and as the treasurer for the Canandaigua Area Development Corporation. He is currently an emeritus board member of both Rochester Institute of Technology and University of Rochester after having served many years on both Boards of Trustees.
https://www.cbrands.com/story/leadership/sands-richard
https://www.finviz.com/insidertrading.ashx?oc=1245563&tc=7&b=2
RUDY32 US Navy Osprey headed up to March AFB from North Island after some fly bys
SAM091 USAF C-32A departed JBA ne-this is KANSAS starting trip to France, Turkey, Georgia, Israel, the United Arab Emirates, Qatar and Saudi Arabia.
Pompeo congratulates a tiny Caribbean country on its election while refusing to recognize Biden as the winner in the world's oldest democracy
Secretary of State Mike Pompeo has been addressing election results in other countries, even as he refuses to recognize President-elect Joe Biden as the winner of the 2020 US presidential election.
Pompeo on Friday congratulated Prime Minister Ralph Gonsalves on his reelection in St. Vincent and the Grenadines.
"We commend the people of St. Vincent and the Grenadines for their free and fair elections, and we congratulate Prime Minister Ralph Gonsalves on his reelection. Looking forward to our continued work together to create a safer, more prosperous Caribbean region," Pompeo tweeted.
Though America's top diplomat has congratulated the small Caribbean country on its "free and fair elections," he's not extended the same praise to the US — what is technically the world's oldest democracy.
https://www.businessinsider.com/pompeo-congratulates-other-countries-elections-refuses-to-recognize-us-results-2020-11
SAM911 USAF C-40B sw from Shannon, Ireland ground stop after a Stockholm, Sweden-Arlanda Airport departure.
Heading to MacDill AFAB
CLUB22 USAF E-4B Nightwatch on final approach at Wright-Patterson AFB
CHASE73 US Navy E-6B appears east of SC/NC heading ne and over spook town at present
PAT197 US Army C-560 just landed at Dobbins ARB, GA
DAGGR55 USAF Dornier Do-328 on final approach at Adak Island , AK from Chitose AB JADSDF
from July 24th '20
No, The Air Force's Shadowy Surveillance Test Plane Wasn't Spying On Portland Protesters
https://www.thedrive.com/the-war-zone/35088/no-the-air-forces-shadowy-surveillance-testbed-plane-wasnt-spying-on-portland-protesters
from 2015
Meet the U.S. Air Force’s Commando Test Plane
The twin-engined Dornier 328–100 — nicknamed the “Cougar” — looks plain on the outside, but is full of sophisticated hardware on the inside.
It’s the Air Force’s special commando test aircraft, and it’s where engineers test sensors, weapons and other gear meant for gunships, spy planes and other aircraft.
The Cougar is set up to be modular, so almost anything can be inserted into various internal bays and fixed pods, or strapped onto the fuselage using various mounting points. In May 2015, U.S. Air Force Col. Eric Forsyth described the plane’s internal details at the Special Operations Forces Industry Conference in Tampa, Florida. Those details include:
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Two external sponsons (750 lbs max)
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Modular fuselage antenna bays (1 top / 2 bottom)
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Ku-Band BLOS [beyond line of sight] satellite data link system
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Nose available for antenna/sensor mount
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Two reconfigurable operator workstations
With jacks for power, Ethernet, GPS and other linkages, engineers can easily install all sorts of gear. These systems would potentially be able to run long-range radars, powerful cameras, high-powered radios, laser range finders and more. The Cougar can carry all of these equipment up to an altitude of more than 30,000 feet. The plane itself can fly more than 1,000 miles at a speed of nearly 400 miles per hour. In 2014, the Air Force bought the plane from Nevada-based aerospace contractor Sierra Nevada Corporation. The ultra-secretive 645th Aerospace Systems Group — more commonly known by its nickname Big Safari — currently owns the Cougar.
moar
https://medium.com/war-is-boring/meet-the-u-s-air-force-s-commando-test-plane-ba594f07c48b
tyb's
goodnite