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Wells Fargo Fires Four Senior Employees Following Banking Scandal

Reginald Edward
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Wells Fargo Fires Four Senior Employees Following Banking Scandal

Wells Fargo announced on Tuesday the firing of four senior employees after the 2016 banking scandal – the banking tycoon admitted that two million fake accounts were created using customer’s information without their consent.

Since the scandal became public, Wells Fargo has let go over 5,000 employees and the company’s CEO John Stumpf retired last October.

On Tuesday, Wells Fargo’s board of directors decided to fire four senior officials working within the company, according to USA Today. Some of the fired employees include the company’s Chief Risk Officer, Arizona Lead Regional President, Los Angele Regional President, and the head of community bank strategy and initiatives. The four senior officials will not receive their 2016 bonuses and will relinquish their stocks in the company.

Wells Fargo Banking Scandal
(Roman Tiraspolsky / Shutterstock.com)

After the scandal became public, details surrounding how Well Fargo operated came to light; For example, banking employees tried to report the illegal accounts a decade ago. As well as reports of employee mistreatment.

Currently, the Department of Justice is investigating Wells Fargo banking practices. Also, customers, employees, and the company’s shareholders have filed class-action lawsuits against the banking company.

What happened to Wells Fargo?

It all started after federal regulators discovered Wells Fargo employees created millions of unauthorized credit card and bank accounts without their customer’s knowledge since 2011. The phony accounts were then charged fees, which allowed for the company to increase revenue as well as boost their sales.

Richard Cordray, the director of the Consumer Finacial Protection Bureau said in a statement that the banking scandal allowed for Wells Fargo employees to open unauthorized accounts in order to “hit sales targets and receive bonuses.”

Not only did employees create fake accounts, Wells Fargo employees created illegitimate email addresses and PIN numbers in order to enroll customers to Wells Fargo’s online banking system. As a result, customers were charged insufficient funds or overdraft fees because there was not enough money in their accounts.

Also, Wells Fargo submitted over 500,000 credit card account applications without a customer’s knowledge or consent. Moreover, 14,000 of those accounts were charged over $400,000 in fees.

Burger King’s Parent Company Acquires Popeyes for $1.8 Billion

Reginald Edward
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0
Burger King’s Parent Company Acquires Popeyes for $1.8 Billion

Burger King’s parent company is expanding their fast food empire by acquiring fast-food fried chicken chain Popeyes for $1.8 billion.

Restaurant Brands International announced on Tuesday that the corporation has agreed to buy Popeyes Louisiana Kitchen for $79 per share.

Restaurant Brands International, which owns Burger King and Tim Hortons, will acquire the fast-growing fried chicken chain, which has over 2,600 chains across the country.

Restaurant Brands explains that they will “continue developing the brand at an increasing pace” in the United States and across the country.

In a conference call, Restaurant Brands CEO Daniel Schwartz explained: “The key to long-term success at Popeyes will be a focus on guest satisfaction and franchise profitability.” Schwartz added, “The team has done a great job setting the foundation for future growth.”

Schwartz revealed the average Popeyes store has $1.4 million in annual revenue. Also, each business owner under the Popeyes franchise earned on average $340,000 per location in 2015, which is nearly double from 2008’s $188,000.

Shares of Popeyes Louisiana Kitchen (PLKI) rose by 19.18% up to 78.80 by afternoon trading.

Based out of Atlanta, Georgia Al Copeland founded the company in 1972 in New Orleans, Louisiana. The fast-food restaurant is now located in 30 countries around the world including Germany, Saudi Arabia, Jamaica, and Iraq. As of January 2014, Popeyes had over 2,500 restaurants around the world.

Last January, McDonald’s, a competitor to Restaurant Brands’ Burger King,  announced a plan to expand in China. McDonald’s gave up their majority share of their company to a Chinese financial company to grow in the country. The deal was worth approximately $2 billion and would allow for the fast-food giant to develop and build 1,500 stores in China over the next few years. The company cited the country represents an “enormous growth opportunity for McDonald’s.”

Now it looks like Restaurant Brands may be following in McDonald’s footsteps with their Popeyes new acquisition.

‘Game of Thrones’ Final Season Filming in Freezing Winter Conditions

Jonathan Antonio
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‘Game of Thrones’ Final Season Filming in Freezing Winter Conditions

Last July, showrunners David Benioff and D.B. Weiss revealed that production for the final season of the Game of Thrones will begin later than usual. Why is the last season of the Game of Thrones airing later than usual? Benioff and Weiss explain, “because at the end of this season, ‘Winter is here’ – and that means that sunny weather doesn’t really serve our purposes anymore. So we kind of pushed everything down the line, so we could get some grim, gray weather even in the sunnier places that we shoot.”

Filming is currently taking place in Iceland with several lead cast members including Liam Cunningham, Kit Harrington, and Kristofer Hivju. According to Page Six, the cast and crew have been filming “amid 100 mph winds and a minus 25-celsius wind chill.”

A source close to the Game of Thrones report there is very few hours of daylight, “super jeeps” are need to move equipment, actors arrive on set made up and dressed for filming and shelter is being provided by “Russian tents,” which are anchored down to prevent 100 mph winds.

But, the high force winds are making it difficult to capture dialogue between the actors, Page Six reports. “High winds caused words to be ‘whipped away’ — shouting became the norm. And despite the cold, there was an issue with a lack of snow in the lowland locations.”

Game of Thrones spinoff coming soon?

Game of Thrones Spinoff
AUSTIN – MARCH 13, 2016: Game of Throne fans tour a sneak peak event at SXSW 2016. (stock_photo_world / Shutterstock, Inc.)

While this will mark the end of the Game of Thrones series on HBO, there is speculation that the premium cable network will create a prequel spinoff. Last November, HBO’s President of Programming explained that he had discussions about a prequel with the show’s creator George R.R. Martin. “There are areas we are exploring, but I wouldn’t point to any one and say, ‘This is what we’re going to do.'”

Lindsay Lohan: I Was “Racially Profiled” (Video)

Jonathan Antonio
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Lindsay Lohan: I Was “Racially Profiled” (Video)

In an interview with Good Morning Britain, Lindsay Lohan says she was “racially profiled” at London’s Heathrow Airport for wearing a headscarf.

The actress was flying from Turkey, where she met with Turkey President Recep Tayyip Erdogan, where an airport worker allegedly stopped her.

“When I was flying to New York recently, I was wearing [a] headscarf, and I got stopped at the airport and racially profiled for the first time in my life,” Lohan explained. “She opened my passport and saw ‘Lindsay Lohan’ and started immediately apologizing, but then said, ‘Please, but take off your headscarf.’ ”

Lohan added, “But what scared me was in that moment — how would another woman who doesn’t feel comfortable taking off her headscarf feel?”

Lohan explained she wore the hijab out of “personal respect” for the women in Turkey she met on her trip. Lohan explained, “I was leaving Turkey, and when I see certain people I feel more comfortable acting the same way as other women – that’s just a personal respect issue for me that I have.”

Good Morning Britain later asked Lohan how she felt about President Donald Trump. Lohan argued that she did not agree with Trump’s tactics.

Last October, Lohan it was reported the former Mean Girls actress was studying Islam after the actress was spotted carrying a copy of the Quran. During the Good Morning Britain interview, Lohan confirmed the reports.

“I think that me studying the Koran is something that I’ve found a solace in,” Lohan explained. “I just study it. Nothing is confirmed yet.”

‘Star Wars’ Han Solo Movie Releases First Cast Photo

Jonathan Antonio
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‘Star Wars’ Han Solo Movie Releases First Cast Photo

Donald Glover may be the next Simba for the upcoming live-action Lion King movie but, he still has work to do on the set of the upcoming Han Solo movie.

Donald Glover will work alongside Hail, Caesar breakout star Alden Ehrenreich and grow anticipation for the upcoming Star Wars spinoff, Disney has just released the first-look at the film’s cast, as well as the movie’s directors packed inside the cockpit of the Millennium Falcon.

Star Wars published the photo to mark the start of principal photography at Pinewood London Studios, where Star Wars: The Force Awakens was previously filmed.

In addition to publishing the photo, Disney also confirmed the crew behind the upcoming feature film in a statement. “Crewing the ship will be some of the industry’s top talent, including Academy Award nominee for his work on Arrival, Bradford Young (Director of Photography), Chris Dickens (Editor), Dominic Tuohy (SFX Supervisor), Rob Bredow (VFX Supervisor) and Brad Allan (Action Designer),” Disney explained.

Disney also added some of the returning crew members joining the project. “They will be joining returning Star Wars veteran crew members Neal Scanlan (Creature & Droid FX Creative Supervisor), Neil Lamont (Production Designer), Dave Crossman and Glyn Dillon (Co-Costume Designers), Jamie Wilkinson (Prop Master), Lisa Tomblin (Hair), Amanda Knight (Make-Up) and Nina Gold (UK Casting Director).”

The movie’s directors Phil Lord and Christopher Miller also released a statement, “Watching such inspired people from all over the world, with such unique voices, come together for the sole purpose of making art, is nothing short of miraculous,” Lord and Miller said.

“We can’t think of anything funny to say, because we just feel really moved, and really lucky.”

The upcoming Han Solo standalone movie hits theaters on May 25, 2018.

WhatsApp Releases Their Version of Snapchat Stories

Jonathan Antonio
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WhatsApp Releases Their Version of Snapchat Stories

When Instagram copied Snapchat’s Stories feature last August, a report found Snapchat’s growth stalled by over 80%. Now, Facebook’s WhatsApp is releasing their version of Snapchat Stories.

On Monday, WhatsApp, a company Facebook owns, became the latest application to launch their version of the stories feature and they are calling it WhatsApp Status.

Instead of users posting a status message, the new feature will allow users to share photos and videos that last for up to 24 hours. The videos can last for 45 seconds, not just 10 seconds, and status updates are only shared within Whatsapp users’ address book and not followers you may not know, like Instagram.

But, that’s not all. WhatsApp’s version of Stories allows for users to share GIFS as a status message.

Whatsapp
Via Whatsapp

This news comes after Snapchat announced Spectacles are now available for sale to Snapchat users the country as the company prepares for their IPO. But, as the company pointed out their paperwork for their highly-anticipated initial public offering, the camera company said their biggest competitor was Facebook. “We face significant competition in almost every aspect of our business both domestically and internationally,” Snap Inc explained. Not to mention, the company pointed out that their competition “mimic our products and therefore harm our user engagement and growth.”

“We face significant competition in almost every aspect of our business both domestically and internationally,” Snap Inc explained. Not to mention, the company pointed out that their competition “mimic our products and therefore harm our user engagement and growth.”

But, these new features implemented by WhatsApp should not become a surprise. Last December, Instagram’s product manager Kevin Weil said the company “built on a format that Snapchat invented.” Weil added, “It’s a format, [and] we believe that format will be universal.”

40% of a Child’s Weight is Linked to Their Parents, Study Finds

Brent Edward
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40% of a Child’s Weight is Linked to Their Parents, Study Finds

Research has shown that children with obese parents suffer from mental and motor difficulties, but a new study published in the Journal of Economics and Human Biology suggests being overweight can have a significant impact on a child’s weight.

University of Sussex researchers found that between 35 to 40 percent of fat or thin a child is linked their parents’ genes. Scientists also found a high correlation between obese children and their parents suggesting 55 to 60% of obesity is genetically related.

Moreover, scientists report 20% of a child’s body mass index (BMI) is linked to the mother, while the other 20% was due to the father.

Researchers were able to reach these results by examining the height and weight of over 100,000 children and their parents from across the world.

Lead author, Peter Dolton, an economics professor at the University of Sussex released a statement about the study saying, “This gives an important and rare insight into how obesity is transmitted across generations in both developed and developing countries.”

Dolton added, “We found that the process of intergenerational transmission is the same across all the different countries.”

Obesity is linked to an extensive list of health problems including diabetes and cancer. Previous studies have shown even weekend workouts are beneficial to an individual’s health. But, the study suggests that healthy habits can only do so much.

Dolton explained, “These findings have far-reaching consequences for the health of the world’s children. They should make us rethink the extent to which obesity is the result of family factors, and our genetic inheritance, rather than decisions made by us as individuals.”

A study published earlier this year found obese parents lead to child development issues. Published in the journal of “Pediatrics” researchers found children from obese mothers were more likely to have problems with their fine motor skills.Also, children of obese fathers were also more likely to have issues with problem-solving tasks, and challenges interacting with others.

NASA Hosting News Conference on a Discovery “Beyond Our Solar System”

Megan Diane
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NASA Hosting News Conference on a Discovery “Beyond Our Solar System”

NASA will hold a major press conference on Wednesday to reveal a “discovery beyond our solar system.”

The press conference will reveal new information bout planets that orbit stars outside of our solar system, according to a news release. However, NASA has not announced details surrounding the event.

Researchers are searching for life outside of our solar system in hopes of finding planets with similar conditions on planet Earth that could have the necessary materials for life to exist.

NASA
MERRITT ISLAND, FL – FEB 12: NASA logo in Kennedy Space Center on February 12, 2012 in Merritt Island, Florida. It is the launch site for every United States human space flight since 1968. (Songquan Deng / Shutterstock, Inc.)

The live press conference will take place on February 22nd at 1 P.M. EST. The event will be streamed live on NASA’s TV station and their website. Researchers, scientists, and astronomers will be attending the press event. Also, NASA will answer questions on social media when users use the hashtag #AskNASA during the conference. Also, the agency will hold an Ask Me Anything on Reddit, following the briefing.

This news comes after NASA announced the winners of the “space poop” challenge. Scientists, physicians, and engineer were rewarded for their creative ideas on how to poop in a space. While it may sound ridiculous, it is rather difficult to do in space when there is no gravity. NASA called for people to create an innovative way to fix the problem. One of the solutions included using catheters and compartments to collect and store the waste.

Kris Jenner: Filming Was “Therapeutic” for Kim Kardashian After the Paris Robbery

Jonathan Antonio
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Kris Jenner: Filming Was “Therapeutic” for Kim Kardashian After the Paris Robbery

The upcoming season of Keeping Up with the Kardashians is only days away. In preparation for the upcoming new season of the hit reality drama, Kim Kardashian is seen recounting what happened to her during the Paris Robbery – where several men broke into her room, held her at gunpoint, and robbed her of millions of dollars worth of jewelry.

While Kris Jenner, the executive producer behind Keeping Up with the Kardashian, has seen the interview, she says she still has not finished watching it.

During an appearance on the Ellen DeGeneres show, Jenner explained, “I just saw some of it. I couldn’t even watch the whole thing it was so upsetting. It was such an upsetting time, and something so awful happened to somebody you love so much. And it’s just like — ugh — it chokes me up every time to think about it.”

Jenner added, “Like, I get choked up just thinking about it and talking about it. But it’s remarkable to listen to her tell the story, and she does that, moment by moment.”

Kris Jenner explains that the details of the Paris Robbery do not air until the second half of KUWTK. However, Jenner revealed filming helped Kardashian recover from the incident.

“When we started filming again and getting up and running, you know obviously Kim was around because we all practically live together on the street,” Jenner explained. “And we started filming and what was coming out of that was very therapeutic for her, I think. To just explain to us and walk us through.”

Kris Jenner
Khloe Kardashian, Kourtney Kardashian, Kim Kardashian, Kris Jenner and Kylie Jenner at the Cosmopolitan’s 50th Birthday Celebration held at the Ysabel in West Hollywood, U.S. on October 12, 2015. (Tinseltown / Shutterstock, Inc.)

Jenner added, “She just thinks that it might bring some awareness. You know, it’s changed the way we live our lives and just the way we take care of our kids and our grandchildren. So it’s been a process.”

After the Paris Night robbery, Kim Kardashian stopped filming on the show and posted very few photos on social media. However, months after the incident, Kim Kardashian has slowly resurfaced to the public limelight.

Also, Kanye West and Kim Kardashian have moved out of Kris Jenner’s home. “They moved to their home in Bel-Air. I said to her, ‘I kind of forgot you had a house across town. You should have been living there the whole time!’

This news comes after photos of the Paris night robbery surfaced online revealing the location, evidence, and details from the evening Kim Kardashian was duct-taped and robbed.

Uber CEO Launches Investigation After Sexual Harassment Accusations

Jonathan Antonio
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Uber CEO Launches Investigation After Sexual Harassment Accusations

Fresh on the heels of the #DeleteUber hashtag went viral, Susan Fowler, a woman working for Uber from November 2015 to December 16, has revealed her alleged experiences of sexual harassment and discrimination while she worked at the ride-sharing company.

Following the report, Uber CEO Travis Kalanick ordered an “urgent investigation” into Fowler’s accusations. Also, Kalanick promises to fire anyone who allowed for the sexual harassment to occur at the company.

Fowler, who worked as a site reliability engineer at Uber, said that on her first day at work her manager sexually harassed her.

“My new manager sent me a string of messages over company chat. He was in an open relationship, he said, and his girlfriend was having an easy time finding new partners but he wasn’t,” Fowler explained. He was trying to stay out of trouble at work, he said, but he couldn’t help getting in

“He was trying to stay out of trouble at work, he said, but he couldn’t help getting in trouble, because he was looking for women to have sex with.”

Fowler then took screenshots of the messages and told Uber’s Human Resources department. However, she was told “Even though this was clearly sexual harassment,” it was his “first offense.” As a result, the HR department said, “they wouldn’t feel comfortable giving him anything other than a warning and a stern talking-to.”

Fowler explained HR told her she could transfer to a different team or stay on the same team as the manager that sexually harassed her. However, HR told her if she did stay, to expect him to give her a “poor performance review.”

Fowler then explained, “One HR rep even explicitly told me that it wouldn’t be retaliation if I received a negative review later because I had been ‘given an option.’”

Fowler learned that the manager had done the same thing with other women but, the HR department told all of the women he would not get disciplined because it was his “first offense.”

Fowler added that the company is a “game-of-thrones political war” within the company undergoing “complete, unrelenting chaos.”

Fowler also explained another incident where she a manager discriminated her and other women working at Uber. Uber ordered over a hundred jackets for men, but none for women because only six employees were working at the company. Managers told the women if they wanted a leather jacket, then they would have to “to find jackets that were the same price as the bulk order price of the men’s jackets.”

Fowler explained throughout her experiences at Uber she continued to show “proof” to the company’s HR department including emails and screenshots. Ultimately, an HR rep suggested that Fowler was “the common theme” in all the reports. However, Fowler said Uber never documented a single complaint she had with the company. Also, HR told her she was on “very thin ice” for reporting his manager to HR. As a result, Fowler contacted the Chief Technology Officer, but the company did not do anything because the manager was reportedly a “higher performer.”

Fowler ultimately left the job.

Uber CEO Travis Kalanick has ordered an investigation into the sexual harassment and discrimination complaints calling them “abhorrent and against everything we believe in.”

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