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Desjardins to cut close to 400 jobs amid economic uncertainty

Published Wed, 26 Feb 2025 04:48:19 GMT

MONTREAL — Desjardins Group says it is cutting close to 400 jobs as it responds to economic uncertainty. The financial services co-operative says heightened volatility, inflation and the potential for an economic slowdown have added pressure to the need for prudent management. Spokesman Jean-Benoît Turcotti says in a statement that Desjardins is also still working to recoup the benefits of its “massive investments” in recent years, particularly in technology, and so it needs to step up the pace on these efforts.The layoffs at Desjardins, amounting to about 0.6 per cent of its workforce, come a day after Scotiabank said it would cut about three per cent of its global workforce, which works out to about 2,700 staff.The bank said the cuts are the result of digitization and automation, as well as its streamlining efforts and shifting consumer preferences.Other banks have also been trimming staff in recent months after a major hiring push during the pandemic. This report by T...

Earthquake country residents set to ‘drop, cover and hold on’ in annual ShakeOut quake drill

Published Wed, 26 Feb 2025 04:48:19 GMT

SACRAMENTO, Calif. (AP) — People will duck under desks and tables in California and around the world on Thursday for an annual drill practicing ways to stay safe during earthquakes.Up and down the West Coast, the ShakeOut drill was scheduled to begin at 10:19 a.m. PDT with a cellphone-rattling test alert from the region’s ShakeAlert earthquake warning system. For many it would be the second alert of the day, following an errant predawn message that hit some phones with a voice message announcing the test. The U.S. Geological Survey said it was likely due to a mix-up in time zones set in the test alert system.The real thing happened a day earlier, however, when a magnitude 4.2 quake struck southwest of California’s capital in the agricultural Sacramento-San Joaquin River Delta region.The tremor triggered a warning from the ShakeAlert system, which detects the start of a quake and sends warnings to areas expected to experience shaking. The quake proved to be weaker than th...

Jordan moves to back McHenry as temporary Speaker: Live coverage

Published Wed, 26 Feb 2025 04:48:19 GMT

House Judiciary Committee Chairman Jim Jordan (R-Ohio) is marching ahead with his Speakership bid even as his Republican detractors signal the opposition is likely to grow.The Ohio Republican failed to win the gavel on the second ballot Wednesday, losing even more Republicans than on the first ballot Tuesday. He could try again as soon as noon Thursday.At the same time, chatter is heating up even more about the possibility of expanding the powers of Speaker Pro Tem Patrick McHenry (R-N.C.).Follow along with live updates below.

Americans urged to leave Lebanon 'as soon as possible'

Published Wed, 26 Feb 2025 04:48:19 GMT

(The Hill) - The State Department on Thursday urged Americans to make plans to leave Lebanon “as soon as possible,” elevating an earlier security warning that advised Americans not to travel to the country. “The U.S. Embassy is closely monitoring the security situation in Lebanon,” the Thursday advisory read. “The Department of State urges U.S. citizens in Lebanon to make plans to depart as soon as possible while commercial options are still available.” “We recommend that U.S. citizens who choose not to depart prepare contingency plans for emergency situations,” the advisory added.The warning comes as demonstrations and violent confrontations have erupted in Lebanon amid the war between Hamas and Israel. Fighting has also broken out along the border between Lebanon and Israel, where Israeli forces and the Iran-backed militant group Hezbollah have clashed for years.On Tuesday, the State Department warned Americans not to travel to Lebanon, citing “the unpredictable security...

Pfizer plans to more than double price of COVID medication Paxlovid

Published Wed, 26 Feb 2025 04:48:19 GMT

(The Hill) -- Pfizer will be selling its COVID-19 antiviral treatment at more than twice the price at which it was sold to the federal government as it transitions towards the commercial market.Since Paxlovid was first made available at the end of 2021, the federal government has subsidized the cost. Pfizer sold the treatment to the government at a discounted rate of $530, and, when a move to commercialization was announced, an increase in price was expected.The company confirmed Thursday that the list price for a five-day course of Paxlovid will be $1,390. A similar move was seen when COVID-19 vaccine became commercialized. The federal government paid $19.50 per dose of Pfizer's coronavirus vaccine, and the commercial list price was six times that at $120."Pricing for PAXLOVID is based on the value it provides to patients, providers, and health care systems due to its important role in helping reduce COVID-19-related hospitalizations and deaths," Pfizer said in a statement."The lis...

Former NASCAR team owner indicted on federal charges, could spend years in prison

Published Wed, 26 Feb 2025 04:48:19 GMT

CHARLOTTE, N.C. (WJZY) - Federal charges have been filed against a former NASCAR team owner, the U.S. Attorney's Office announced Wednesday. A Charlotte, North Carolina, grand jury returned a bill of indictment, charging Ronald Devine, 67, of Burke, Virginia, with four counts of failure to pay payroll taxes.According to allegations listed in the indictment, Devine was the owner and president of BK Racing, LLC, which operated a NASCAR racing team and owned two NASCAR charters. As BK Racing’s owner, authorities said Devine exercised control over its financial affairs, including having sole signature authority and control over bank accounts and authorizing the filing and payment of BK Racing’s trust fund taxes, which are commonly referred to as "payroll taxes." City of Hickory to receive over $1.3M settlement for 2022 arch collapse Payroll taxes are withheld from employees’ gross pay and are used by the government to fund Social Security and Medicare, and also include the income tax...

Universal says 'Fast and Furious' roller coaster will aim screaming riders away from neighboring homes

Published Wed, 26 Feb 2025 04:48:19 GMT

(KTLA) – It's fast, it's furious, and it's apparently pretty noisy, too.Universal Studios Hollywood has released additional details concerning its upcoming “Fast and Furious”-themed roller coaster, including plans to reduce ride noises before they significantly impact nearby homes.Theme park blog WDWNT reported in April that residents who live near the amusement park raised concerns about the added noise pollution the new attraction might contribute to the area. Now, new details shared on the NBCUniversal Community website reveal that a sound wall, slated to be longer than two football fields, will be built to “help reduce sound from the attraction from traveling into the community.”The coaster will also utilize half-pipe shields designed to muffle some of the noise. The Incredicoaster at Disney’s California Adventure Park has a similar structure in place to help mitigate sound from traveling into the residential community, according to Theme Park Insider.Universal Studios Hollywood...

Glens Falls bike path section to close for repairs

Published Wed, 26 Feb 2025 04:48:19 GMT

GLENS FALLS, N.Y. (NEWS10) - Part of the Warren County Bikeway is set to close for repair work in the city of Glens Falls. The bike path will close between Cooper Street and Leonard Street next week. Get the latest news, weather, sports and entertainment delivered right to your inbox! The Warren County Department of Public Works said that the repair work will focus on damage to the path and an adjacent parking lot on Leonard Street, caused by tree roots. The Leonard Street lot will also be closed. Daycare opening house on South Street in Glens Falls The closure is expected to last from Monday to Friday, Oct. 23-27. Cyclists should find alternate routes. The affected section of bike path is near both roads' intersections with Lawrence Street and the Glens Falls Shirt Factory. The Warren County Bikeway connects Glens Falls, Queensbury, and the village of Lake George.

Lead water service line replacement continues in Troy

Published Wed, 26 Feb 2025 04:48:19 GMT

TROY, N.Y. (NEWS10) -- Troy Mayor Patrick Madden and the Department of Public Utilities announced the continuation of the lead water service line replacement program with work beginning on Excelsior Avenue on October 19. The program is part of the city's commitment to improving the quality of drinking water in Troy. Get the latest news, weather, sports and entertainment delivered right to your inbox! The construction is expected to carry into late November. Homeowners whose water line is set to be replaced will be notified by a representative of the DPU at least one day in advance of the work in order for residents to plan for any service interruptions. “The City of Troy is committed to getting the lead out of our families’ drinking water and we appreciate the cooperation, patience, and partnership of our neighbors on Excelsior Avenue as we complete this disruptive yet important work on this narrow roadway,” said Mayor Madden. “I am working to ensure that our service line replace...

Office of Victim Services requests to freeze Jacob Klein's assets

Published Wed, 26 Feb 2025 04:48:19 GMT

ALBANY, N.Y. (NEWS10) -- The New York State Office of Victim Services filed a petition, on behalf of Elana Radin, to freeze assets belonging to Jacob Klein. Earlier this month, Klein was convicted of killing Radin's husband, Philip Rabadi, in April 2022. The prosecution successfully argued Klein planned to murder Rabadi shortly after finding out Rabadi and Radin were married. Get the latest news, weather, sports and entertainment delivered right to your inbox! The petition was first reported by the Times Union. The filing cites the "Son of Sam" law which notifies crime victims anytime a convicted person of a "specified crime" is about to receive funds and allows victims to request to freeze that money if they intend to sue for damages. According to the filing, Radin's attorney advised OVS Klein has a significant amount of money in multiple bank accounts and believes those funds could be used up quickly. Exhibits show Klein's bank accounts with TD Ameritrade and NBT Bank total $66...