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NEW YORK (AP) — As employees of small businesses get their first September paychecks, they’re probably receiving their usual amount.Company owners are still withholding money for Social Security despite a presidential order allowing the tax to be deferred. The order President Donald Trump signed Aug. 8 allows employers to stop withholding the 6.2% tax from Sept. 1 through Dec. 31 and requires that it be paid between Jan. 1 and April 30 of next year. But business owners are wary, saying the plan opens up the possibility that companies might ultimately have to pay the tax if staffers leave. 603
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 details are emerging about the 41-year-old Parma, Ohio father who turned himself into Parma Police on Saturday night, leading to the discovery of his 18-month-old son's body.Police said the man came into the police station around 9 p.m. and told an officer at the front desk that he wanted to turn himself in for a crime. Officers noticed cuts on both of his arms, which were later found to be self-inflicted. Officers learned the man's son was inside his car, which was parked in the visitor's parking lot of the station.Police searched the car and found the toddler unresponsive and not breathing inside the trunk.The boy was taken to University Hospitals Parma Medical Center where he was pronounced dead.The father was taken to MetroHealth Medical Center for his injuries where he remains under police custody. When he is released, he will be brought back to the Parma jail. Scripps station WEWS in Cleveland is not releasing the name of the 18-month-old boy or the father because no one has been charged. 1087
NEW YORK (AP) — There is still plenty of life in Stephenie Meyer's "Twilight Saga." Meyer says she is planning at least two more books in her mega-selling vampire series. Meanwhile, the author's long-awaited "Midnight Sun" sold more than 1 million copies in its first week, the publisher Little, Brown Books for Young Readers announced Thursday. 354
NEW YORK (AP) — Lawyers for the Girl Scouts say that the century-old organization is now directly competing with the Boy Scouts for female recruits and that it's not a fair fight. The lawyers filed papers Thursday in federal court in Manhattan to repel an effort by the Boy Scouts to toss out a 2-year-old trademark infringement lawsuit. Lawyers for the Boy Scouts last month asked a judge to reject claims that the organization is infringing on trademarks when it recruits girls with words like “scouts" and “scouting.” The Girl Scouts say in their filing that the Boy Scouts' marketing of expanded services for girls is “highly damaging.” 648
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