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Monday, May 02nd

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Wells Fargo admits deception in $1.2 billion U.S. mortgage accord

Wells Fargo admits deceptionWells Fargo & Co (WFC.N) admitted to deceiving the U.S. government into insuring thousands of risky mortgages, as it formally reached a record $1.2 billion settlement of a U.S. Department of Justice lawsuit.

The settlement with Wells Fargo, the largest U.S. mortgage lender and third-largest U.S. bank by assets, was filed on Friday in Manhattan federal court. It also resolves claims against Kurt Lofrano, a former Wells Fargo vice president.

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Virginia man exonerated by DNA evidence walks free after 33 years in jail

Keith Allen harward freed after 3o years

A 60-year-old man who spent more than three decades behind bars for crimes authorities now say he didn’t commit was released from a Virginia prison on Friday.

Keith Allen Harward walked out of the Nottoway correctional center a day after the Virginia supreme court agreed that DNA evidence proves he is innocent of the 1982 killing of Jesse Perron and the rape of his wife in Newport News.

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Springsteen Nixes NC Show Over Anti-LGBT Law

Bruce Springsteen nixes NC concertThe Boss has spoken.

Bruce Springsteen has canceled his Sunday concert in Greensboro in outrage over the controversial North Carolina law restricting transgender people’s rights.

“Some things are more important than a rock show and this fight against prejudice and bigotry — which is happening as I write — is one of them,” Springsteen posted on his website Friday. “It is the strongest means I have for raising my voice in opposition to those who continue to push us backwards instead of forwards.”

Bruce Springsteen and the E Street Band is in the middle of “The River” Tour.

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Four high-ranking NYPD officers disciplined amid FBI corruption probe

NYPD Commissioner Bill BrattonFour high-ranking NYPD officers have been disciplined in the midst of an FBI  investigation into corruption, Commissioner Bill Bratton announced Thursday.

The high-ranking cops stripped of their badges and guns are: Deputy Chief Michael Harrington, the second in command of the NYPD's Housing Bureau; and Deputy Inspector James Grant, the head of the Upper East Side’s 19th Precinct.

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Merle Haggard, Legend of Country Music, Dies at 79

Merle Haggard diesMerle Haggard, who overcame a youth of deprivation and imprisonment to become one of the enduring figures in hardcore country music, died Wednesday on his 79th birthday.

The singer underwent surgery for lung cancer in 2008 and had been hospitalized for various ailments over the past few years -  most notably for pneumonia, which forced several concert postponements and cancellations in 2015 and this year. He died at his home in Northern California, his agent said.

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San Francisco approves fully paid leave for new parents

Full pay parental leave in SFSan Francisco became the first place in the country Tuesday to require businesses to provide fully paid leave for new parents in what was hailed as the latest move to address income inequality in the nation.

The measure approved unanimously by the Board of Supervisors will give new mothers and fathers six weeks of fully paid time off, a rarity now offered to some government sector workers and some private employees, particularly those who work in the tech industry.

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Two Losses for Bosses: SCOTUS Rules Against Walmart, Wells Fargo in Class-Action Suits

SCOTUS declines to hear Walmart and Wells Fargo appealsThe Supreme Court made more decisions unfavorable to corporate executives in the wake of Antonin Scalia's death.

Justices declined on Monday to hear appeals by Walmart and Wells Fargo in moves that upheld two nine-figure class action judgments that went against the multinational giants.

Walmart had been ordered to pay $150 million to 187,000 Pennsylvania workers for wage theft that occurred between 1998-2006. The Pennsylvania Supreme Court had sided with the employees in 2014, ruling that they were forced to work off-the-clock and denied breaks.

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