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GM offers buyouts to most salaried workers

Published Wed, 26 Feb 2025 13:59:58 GMT

DETROIT — General Motors is offering buyouts to most of its U.S. salaried workforce and some global executives in an effort to trim costs as it makes the transition to electric vehicles.The Detroit automaker wouldn’t say how many workers it is targeting, but confirmed that the move is aimed at accelerating attrition to meet a previously announced goal of $2 billion in cost cuts by the end of next year. GM has about 58,000 salaried workers in the U.S.The company says the offers also are designed to avoid any possible firings at a later date.Offers will go to white-collar workers with at least five years of service, and global executives who have been with the company at least two years.The decision to offer buyouts comes at an uncertain time for the auto industry, which is in the midst of a transition from internal combustion to electric vehicles. GM has a goal of selling only electric passenger vehicles by 2035.The switch is requiring more research and development spending on ...

Clarke Schmidt solid, Oswald Peraza returns in Yankees’ Grapefruit League loss to Red Sox

Published Wed, 26 Feb 2025 13:59:58 GMT

And just like that, Clarke Schmidt likely has been catapulted into a concrete rotation spot to begin the season.With news of Carlos Rodon beginning the 2023 campaign on the injured list due to a strained forearm muscle, Schmidt is the front-runner to be the fifth starter for the Bombers. The 27-year-old took the ball first in the Bombers’ 11-3 loss to the Red Sox on Thursday at George M. Steinbrenner Field in Tampa.Schmidt allowed three hits and two runs over two innings while striking out three. The former first-round pick continued to flash the newly developed cutter that figures to be a factor for him this season.With Rodon and Frankie Montas — who underwent shoulder surgery on Feb. 21 — hurt, the organization’s pitching depth will be tested out of the gate.Schmidt says he and the rest of the pitching staff will be up for the challenge.“[The Yankees] pitching development is the real deal,” Schmidt told the YES Network after his outing. “A...

Knicks hope to continue road dominance, maintain top-5 playoff spot during West Coast trip

Published Wed, 26 Feb 2025 13:59:58 GMT

For most teams, the implication of “road trip” is that it’s more daunting.For the Knicks, it’s more in their comfort zone.New York’s trend of playing better away from Madison Square Garden has held up through 80% of the season, making the Knicks the only NBA team with a better record this season on the road.It was a reassuring development as they departed for a four-game Western Coast swing that began late Thursday in Sacramento, with the Knicks entering the evening tied for the league’s best road record with Boston and Milwaukee. During their previous lengthy Western Conference trip in November, they might have saved Tom Thibodeau’s job by beating the Nuggets, Jazz and Thunder.Now their goal is to maintain a top-5 playoff spot with games at the Kings, Clippers, Lakers and Blazers.“It’s extremely important,” said Josh Hart. “Obviously we have Sac. A tough Clipper team. A Laker team that’s been playing well and d...

Ex-Goldman banker gets 10-year sentence in 1MDB looting plot

Published Wed, 26 Feb 2025 13:59:58 GMT

By BOBBY CAINA CALVAN (Associated Press)NEW YORK (AP) — A former Goldman Sachs banker was sentenced Thursday to 10 years in prison for his role in looting a Malaysian sovereign wealth fund of billions of dollars used to finance lavish parties, a superyacht, premium real estate and even the 2013 film “The Wolf of Wall Street.”Roger Ng was convicted last April by a U.S. District Court jury in Brooklyn, but he continues to deny charges that he conspired to launder money and violated two anti-bribery laws.Prosecutors said Ng and his co-conspirators helped the Malaysian fund, known as 1MDB, to raise $6.5 billion through bond sales — only to participate in a scheme that siphoned off more than two-thirds of the money, some of which went to pay bribes and kickbacks.Reading from a prepared statement, Ng pleaded for mercy from U.S. District Judge Margo Brodie.“I’m embarrassed. I’m ashamed,” he told the judge. “I don’t want to live in...

California professor puts Marvel’s newest Black superhero back in the spotlight

Published Wed, 26 Feb 2025 13:59:58 GMT

A new Black superhero has entered the Marvel comics universe, thanks to the vision and writings of a UC Riverside professor.Dr. Al B. Harper, a physicist and friend of the Silver Surfer, is one of Marvel’s original Black characters, first appearing in “Silver Surfer #5,” which was published in 1969.Harper’s character — originally created by late Marvel comics legends Stan Lee and John Buscema  — has come back to life as a cosmic superhero in a new mini-series, “Silver Surfer: Ghost Light,” created by graphic novelist John Jennings and artist Valentine De Landro.Jennings, the writer, is a professor of media and cultural studies at UC Riverside who has been involved with local exhibitions that showcase Black comic book heroes. He said the character of Ghost Light has been nearly 60 years in the making.The cover of Marvel’s new mini-series “Silver Surfer: Ghost Light #1,” which hit stores in February, features the character Al B. Harper, a Black physicist who sacrific...

In search of next level within, Jared Verse puts NFL on hold to return to FSU

Published Wed, 26 Feb 2025 13:59:58 GMT

Jared Verse spent last week watching the NFL Scouting Combine, not as a participant but as an observer.It wasn’t exactly the way many assumed the talented Florida State edge rusher would make his presence known. At one point, the 6-foot-4, 253-pound defensive end was projected as a first-round selection after a stellar first FBS season in which he led the team in tackles for loss (16.5), sacks (9) and blocked kicks (1).He received an 81.2 grade from Pro Football Focus which is better than most of the edge rushers projected in the first and second rounds of the NFL draft outside of Alabama’s Will Anderson Jr. (83.6) and USC’s Tuli Tuipulotu (82.1).Despite the lure of a multimillion contract, Verse returned to the Seminoles in 2023.“I always wanted him to feel like he was doing what was best for himself,” said defensive ends coach John Papuchis. “So when it came time for him to make that decision, I made a conscious effort not to weigh in too much o...

Colbie Young poised to be key playmaker in Hurricanes’ new offense

Published Wed, 26 Feb 2025 13:59:58 GMT

Last season, the Hurricanes searched for a playmaking wide receiver to replace the production they lost when Mike Harley Jr. and Charleston Rambo left for the NFL. For two games, it looked like Colbie Young was going to be that playmaker.Young had two excellent games against Virginia Tech and Duke, but after quarterback Tyler Van Dyke suffered a shoulder injury that kept him out for most of the rest of the 2022 campaign, Miami’s offense faltered and Young’s production slowed.Entering his second season with the Hurricanes, Young may take a step forward and become a major difference in Miami’s passing game.“He’s really taken a step as a leader in the wide receiver room,” Van Dyke said on the first day of UM’s spring practices. “I’m excited for him. He’s a guy that’ll go up and get the ball. He’s fast for his size and he’s grown a lot from last season until now, and he’s still going to grow.”Young...

Ticker Mortgage rates continue climb; Applications jump for jobless aid

Published Wed, 26 Feb 2025 13:59:58 GMT

The average long-term U.S. mortgage rate rose for the fifth straight week to its highest level since breaching 7% in November, just as the spring buying season gets ready to kick off.Mortgage buyer Freddie Mac reported Thursday that the average on the benchmark 30-year rate climbed to 6.73% from 6.65% last week. The average rate a year ago was 3.85%.The average long-term rate hit 7.08% in the fall — a two-decade high — as the Federal Reserve continued to raise its key lending rate in a bid to cool the economy and quash persistent, four-decade high inflation.At its first meeting of 2023 in February, the Fed raised its benchmark lending rate by another 25 basis points, its eighth increase in less than a year. That pushed the central bank’s key rate to a range of 4.5% to 4.75%, its highest level in 15 years. Many economists expect at least three more increases before the end of the year.Sales of existing homes have fallen for 12 straight months to the slowest pace in more than a ...

The cherry blossoms are back in Balboa Park. Here's how to enjoy them

Published Wed, 26 Feb 2025 13:59:58 GMT

SAN DIEGO -- As spring sets in, one of San Diego's most beloved Balboa Park traditions is back: the Japanese Friendship Garden's annual Cherry Blossom Festival.Rooted in the Japanese tradition of hanami, or flower viewing, the time to enjoy the garden's beautiful and ephemeral blossoms is this weekend only. Here’s how to enjoy this season’s wildflower bloom in San Diego The garden will be open Friday through Sunday from 10 a.m. to 7 p.m. Last admission will be at 5 p.m.While visitors can stroll the upper and lower gardens, a variety of performances and fun activities will be hosted by the Friendship Garden, including a children's area in the lower garden with games. Guests can also browse and ship from over 25 different food and merchant vendors throughout the garden and for guests 21 and over, the beer and sake will be offered in the Inamori Pavilion.Tickets can be purchased online. General admission is $14, while VIP tickets for guests looking for a shorter wait time to enter, ...

Los Angeles police ID gunman in shooting of 3 officers

Published Wed, 26 Feb 2025 13:59:58 GMT

LOS ANGELES (AP) — Los Angeles police on Thursday identified the suspect who allegedly shot and wounded three officers as a 32-year-old wanted parolee who was found dead hours after the standoff.The officers, all senior officers and members of a Los Angeles Police Department K-9 dog-handling unit, remained hospitalized in stable condition after Wednesday night’s shooting in the Lincoln Heights neighborhood near downtown.The gunman was identified as Jonathan Magana. The coroner’s office will determine whether he died by suicide or was shot by police during the confrontation.The board of directors for the Los Angeles Police Protective League, the union that represents the LAPD’s rank-and-file, in a statement Thursday said the three officers are “on the path to a full physical recovery.”“Although we believe they will recover physically, each of these officers will live with the memory of almost losing their lives at the hands of a wanted fugitive in a hail of gunfire,...