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NEW YORK (AP) — Citigroup's Jane Fraser will become the first woman ever to lead a Wall Street bank when she succeeds CEO Michael Corbat in February. The New York bank announced the succession Thursday. Fraser is currently head of Citi's global consumer banking division, a major part of the bank that oversees checking and savings accounts but also Citi's massive credit card business. For 16 years, Fraser has worked in various departments within Citi:- 2015-19: Chief Executive Officer of Citi’s Latin American region.- 2013-15: Chief Executive Officer of the U.S. Consumer and Commercial Banking and CitiMortgage. - 2009-13: Chief Executive Officer of Citi's Private Bank. - 2007-09: Global Head of Strategy and Mergers & Acquisitions.In 2004, she joined the company in its Corporate and Investment Banking division.She previously worked at McKinsey & Company, Goldman Sachs, and Asesores Bursátiles.Fraser also serves as a member of the Board of Dean’s Advisors at Harvard Business School and Stanford University’s Global Advisory Council. She's also a member of the Council on Foreign Relations.She earned her M.B.A. from Harvard Business School and an M.A. in economics from Cambridge University.Fraser's climb to the CEO role is a major accomplishment in an industry long dominated by men. Corbat led Citigroup for eight years, rebuilding the company after it nearly collapsed during the Great Recession and 2008 financial crisis.Corbat had been with the company for 37 years. 1500

NEW YORK CITY — The principals and teachers unions are calling for New York City to delay school reopening for at least a month.While most major cities have opted to start the school year virtually, New York City still plans on resuming in-person. Mayor Bill de Blasio responded while touring Village Academy in Far Rockaway, Queens on Wednesday with Schools Chancellor Richard Carranza."Unions will always sound various alarms and unions will say things sometimes in a very dramatic fashion, this is nothing new in New York City," de Blasio said. "But the question is really, what is the mission? The mission is to take care of our kids."Jacob Stebel, a high school film teacher in the Bronx, said a pod system, where students would be taught in groups in a single classroom, won’t work with high schoolers.“Students will be grouped by the classes they have to take together, instead of students moving from classroom to classroom, teachers are moving from classroom to classroom," Stebel said.That would put him in six to seven different classrooms a day with just as many groups of students.“If I have to go into eight different classrooms a day, I have to set up my materials again,” he said.According to the mayor and city’s top educator, with a month to go, they’re still working through the details."One of the things we're working on right now, and, again, with a month to go, is how can we compress things so even at the middle school and high school level, there's less movement," de Blasio said. "And it might look different than a normal school year, but it's the – we just need to get one school year in, in this fashion."De Blasio maintained the first day of school would be Sept. 10.This article was written by Jennifer Bisram for WPIX. 1759

NEW YORK (AP) — Pacific Gas & Electric says its equipment may have ignited the 2018 Camp Fire, which killed 86 people and destroyed an entire town in Northern California.The embattled utility, which filed for bankruptcy protection in January, said Thursday it's taking a .5 billion charge for claims connected to the Camp Fire in its fourth quarter earnings.The cause of the Camp Fire, the deadliest in California history, is still under investigation. But firefighters located the start of the fire near a tower on PG&E's Caribou-Palermo transmission line. PG&E says that transmission line lost power right before the fire and was later found to be damaged."We recognize that more must be done to adapt to and address the increasing threat of wildfires and extreme weather in order to keep our customers and communities safe," said John Simon, interim CEO of PG&E, in a statement. "We are taking action now on important safety and maintenance measures identified through our accelerated and enhanced safety inspections and will continue to keep our regulators, customers and investors informed of our efforts."PG&E also recorded a new billion charge related to the 2017 wildfires in Northern California, saying it still estimates it is facing wildfire liabilities in excess of billion.Citing extraordinary challenges from wildfires, PG&E's management concluded the circumstances "raise substantial doubt about PG&E Corporation's and the Utility's ability to continue as going concerns."PG&E also said there was an outage and downed wires in another location, called Big Bend, that morning. While fire officials have identified the second location as another potential ignition point of the Camp Fire, PG&E said it's unsure if that problem might have ignited the fire.The Caribou-Palermo transmission line has been out of service since mid-December, and inspections have identified equipment that needs repair or replacement, the company said. 1997

NORFOLK, Va. - An Old Dominion University student wants to see more African-American Physicists.She and others are making efforts to make this a reality and they are looking for mentors in the Hampton Roads community.“I love Accelerated Physics,” Kat Watkins, a junior at ODU said. She is passionate about physics and has been since childhood.She recently started the group Society of Black Physicists at ODU.The American Institute of Physics found that fewer than four percent of bachelor’s degrees went to black students for Physics and there's a nationwide effort to change this and to increase the number of African American Physicists.“Knowing all of this, hearing these numbers and being in a very small population of people, it's very hard to find the representation,” said Watkins.With the support of her adviser Dr. Matthew Nerem, an ODU Professor, and other students, she created the organization.“To provide a place for a person of color to feel home, you may be the only one in your class, you may be the only one that you see, but your experience is not singular, you're not alone. So that's why I started S.B.P.,” said Watkins.Physics student Jade Hooper is also part of the group. “Right now, I'm pretty much, if not in all of my classes, most of them, not just the only black female, but the only black person in the classroom and so from that standpoint, it kind of puts me in a position where sometimes I don't feel comfortable,” said Hooper, “My colleagues who are not the minority, they never have to go into a classroom or a building and wonder am I going to be the only white person in the classroom.”“If we want to have a proper representation, based on the population size, we need to bring up the number of Ph.D... by like almost eight times,” said Dr. Nerem.Watkins said her group is looking for mentors throughout the Hampton Roads region to help the students. She said the students also are looking at ways to reach children in hopes of getting kids interested in Science, Technology, Engineering, and Math.“We really just want to spread our roots out into the community,” said Watkins, “We want to inspire little ones. We want to inspire young minds too.”“It’s very important that these teens and the students can see a representation, somebody like me and Kat who will make it in this field so that they have somebody to look up to,” said Hooper.“Studying physics just gives people the opportunity to try and explore the universe, what we're composed of,” said Dr. Nerem.You don't have to be African American to join the group or mentor, you just need to support their mission: "The mission of the Society of Black Physicists is to promote the professional development and well-being of ethnic minority STEM students within the international scientific community and within society at large. SBP seeks to develop and support efforts to increase opportunities for ethnic minorities and People of Color in physics and to increase their numbers and visibility of their scientific work. It also seeks to develop activities and programs that highlight and enhance the benefits of the scientific contributions that People of Color provide for the international community."“I would love to come back in 20 years to ODU and walk into the mathematical methods of physics class and see half of the class be people of color, that will be incredible. That would be awesome,” said Watkins.Click here to learn more and to visit their website.This story was first reported by Margaret Kavanagh at WTKR in Norfolk, Virginia. 3547

NEWTOWN, Connecticut — Elementary students at a Connecticut school where a mass shooting took the lives of 20 students and six adults in 2012 went home early today because of a bomb threat.Police said they believe the threat made toward Sandy Hook Elementary in Newtown was a hoax but cleared the school as a precaution. They did not report who was behind the threat, according to courant.com.Newtown Police said they received a call about the threat at 9 a.m. local time today — one day after email threats of bombs were sent to businesses, hospitals and other places across the U.S. and three other countries.The Sandy Hook mass shooting happened exactly 6 years ago on Dec. 14. The students killed were first graders, and the adults were educators. 764

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