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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

NEWPORT BEACH (CNS) - President Donald Trump is scheduled to come to Orange County Sunday for a private fundraiser at tech mogul Palmer Luckey's estate, it was reported Friday.The news came Thursday, just as latest fundraising numbers showed the president falling behind former Vice President Joe Biden in campaign cash, The Orange County Register reported.Biden reportedly raised a record-breaking 3 million in September to Trump's 7.8 million. And Biden reported 2 million in cash heading into October vs. Trump's 1 million.Invitations for Sunday's fundraiser at Luckey's Newport Beach home show tickets ranging from ,800 for an individual admission to 0,000 for a couple to attend and take a photo with the president, according to the Register. Ric Grenell, Trump's former acting Director of National Intelligence, is also slated to be a special guest at the event.The event was originally slated to take place Oct. 6, but was postponed after Trump contracted the coronavirus. The president says he no longer feels ill and his doctors have cleared him for public appearances. But some experts have expressed concern about him holding in-person events less than two weeks after he was released from the hospital, and they continue to discourage any large public gatherings.Luckey has donated 5,600 to Trump's campaign this cycle, according to Federal Election Commission records. And he's donated more than .7 million total this cycle, with much of the rest of those funds going to GOP committees and Republicans running for seats, such as Michelle Steel and Young Kim, who are both trying to unseat Democratic members of Congress.Luckey is a Long Beach native who was 19 when he co-founded the Oculus Rift virtual-reality system in Irvine. His company sold for an estimated billion to Facebook in 2014. 1838

North Wind Heating and Air is a local family-run business proudly serving Macomb County for 28 years. Lisa Agostino signed a work order approving both a service call and repairs to her a/c unit. The part was installed that same day. After the part was installed she reached out to North Wind stating that she no longer agreed with the price of the replaced part. Ms. Agostino was offered a solution to the dispute. She agreed that the part would be returned to North Wind. In turn Ms. Agostino would not be charged. This is what occurred. Ms. Agostino has not been charged for the service call or the replacement part.Days later Ms. Agostino posted false statements about North Wind on-line. She represents that she paid for the service call and replacement part, which she did not. These statements significantly effected North Wind's business. North Wind is a small local business. Ms. Agostino's false and defamatory statements have not only effected the North Wind's business, but has had a direct negative effect on its ability to offer full time hours to its employees.Prior to filing the lawsuit North Wind reached out to Ms. Agostino requesting the removal of the false statements. She refused. North Wind is simply seeking the removal of these false on-line statements.North Wind will continue to proudly serve its customers. 1342

NEW YOR CITY — A massive sinkhole swallowed an SUV in the Maspeth neighborhood of Queens on Thursday.Police said a Toyota SUV was discovered with the front end of the car in the sinkhole early Thanksgiving morning on 70th Street near 52nd Avenue.Councilman Robert Holden shared photos of the shocking scene on Twitter.Police said no one was inside the SUV at the time. It's unclear if the sinkhole caused damage to any other property. 442

NEW YORK — A Manhattan prosecutor trying to get President Donald Trump’s tax returns told a judge that he was justified in demanding them, citing public reports of “extensive and protracted criminal conduct at the Trump Organization.” Trump’s lawyers last month said the grand jury subpoena for the tax returns was issued in bad faith and amounted to harassment of the president. Manhattan District Attorney District Attorney Cyrus R. Vance, Jr., is seeking eight years of the Republican president’s personal and corporate tax records, but has disclosed little about what prompted him to request the records, other than part of the investigation is related to payoffs made to women to keep them quiet about alleged affairs with Trump. 742

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