93SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr Wells Fargo said on Wednesday that Chairman and CEO John Stumpf will retire effective immediately in the wake of a sales practice scandal at the bank.The company’s board of directors elected President and Chief Operating Officer Tim Sloan to succeed him as CEO, while Lead Director Stephen Sanger will serve as the board’s non-executive chairman.The news comes after it was revealed that employees in Wells Fargo’s community banking division opened about 2 million accounts without customer authorization, which resulted in the bank paying $185 million in penalties. Stumpf was grilled on Capitol Hill as he defended the bank’s sales practices.Stumpf said that he was “grateful for the opportunity to have led Wells Fargo” and is optimistic about the bank’s future. continue reading »
In addition to the 28 IndyCar drivers, NASCAR driver Jimmie Johnson is also in the competition. Johnson finished 16th last weekend at Watkins Glen after starting 19th.All IndyCar iRacing Challenge races are exhibition events, so the entry lists will vary each week. However, many current IndyCar drivers have committed to iRacing competition for the foreseeable future.Below is the current field IndyCar drivers who are competing in the event on April 4.#1 John Newgarden#2 Scott McLaughlin#4 Sebastian Bourdais#5 Pato O’Ward#6 Robert Wickens#7 Oliver Askew#8 Marcus Ericsson#9 Scott Dixon#10 Felix Rosenqvist#11 Kyle Kaiser#12 Will Power#14 Tony Kanaan#15 Graham Rahal#18 Santino Ferrucci#20 Conor Daly#21 Ed Carpenter#22 Simon Pagenaud#24 Sage Karam#26 Zach Veach#27 Alexander Rossi#28 Kyle Kirkwood#29 James Hinchcliffe#41 Dalton Kellett#48 Jimmie Johnson#55 Alex Palou#59 Felipe Nasir#60 Jack Harvey#88 Colton Herta#98 Scott Speed Coronavirus has shut down nearly all sporting events, but IndyCar fans can still get their racing fix — sort of.Welcome to iRacing, an online motorsports simulation platform founded in 2004. With all IndyCar races canceled through the month of August, the league has partnered with iRacing and NBC to provide fans with entertainment in the meantime. A six-race IndyCar iRacing Challenge began last weekend with a race at the virtual Watkins Glen International. This weekend’s race will be aired at 2:30 p.m. by NBCSN. NBC Sports’ lead IndyCar broadcast team of Leigh Diffey (play-by-play), Paul Tracy (analyst), and Townsend Bell (analyst) will call the actionBelow is all you need to know about iRacing and the new series for virtual IndyCar races, including the schedule and the drivers participating.What is iRacing?It’s important to remember: this isn’t just a goofy racing video game like Need for Speed. It’s a realistic racing simulator.Anybody can sign up to race at iRacing.com, but there are system requirements.A description of iRacing, courtesy of its site:”iRacing is the ultimate global racing portal. Whether you want to experience a NASCAR Cup car, a World of Outlaws Sprint car, an open-wheel IndyCar, an Australian Supercar, an IMSA prototype or Touring Car, or the ultimate: an FIA Grand Prix car, iRacing’s online racing simulations offer them all.”All you need is a computer equipped with one or more USB ports, and a digital wheel/pedal, or gamepad backed by a high-speed internet connection. iRacing does the work for you by organizing and managing more than 50 official series, or you can choose to race in more than 400 private leagues or launch your own hosted events.” iRacing was founded in 2004 by Dave Kaemmer, the co-founder of Papyrus Design Group, and John Henry, the principal owner of the Boston Red Sox and Liverpool Football Club as well as co-owner of NASCAR’s Roush Fenway Racing. iRacing.com has developed several formal partnerships, including with NASCAR, IndyCar, International Speedway Corporation, Speedway Motorsports, IMSA, World of Outlaws, Mazda Motorsports, McLaren Racing, Williams F1, Audi, BMW, Ferrari, Ford, Mercedes-Benz, Porsche, Volkswagen, the Skip Barber Racing School and General Motors.INDYCAR iRacing Challenge scheduleDatePostponed INDYCAR raceiRacing raceiRacing winnerMarch 28Firestone Grand Prix of St. Petersburg (March 15)The American Red Cross Grand Prix at Watkins Glen InternationalSage KaramApril 4Honda Grand Prix of AlabamaHonda Grand Prix of Alabama—April 11—”Driver’s choice”—April 18Acura Grand Prix of Long Beach”Random Draw”—April 25AutoNation INDYCAR Challenge at Circuit of The AmericasCircuit of the Americas—May 2—Non-INDYCAR “dream” track—What current drivers are in INDYCAR iRacing?The entry list represents 15 different teams or organizations competing in the NTT IndyCar Series and a field of drivers that has amassed 189 NTT IndyCar Series victories and 14 series championships, including five-time series champion Scott Dixon and three-time Indianapolis 500 winner Ed Carpenter, who both joined this week.
In the weeks that followed, Loeffler urged her constituents to have faith in the Trump administration’s efforts to prepare the nation.“@realDonaldTrump & his administration are doing a great job working to keep Americans healthy & safe,” Loeffler tweeted Feb. 27.The Daily Beast first reported that Loeffler dropped the stock in late January. The senator is married to Jeffrey Sprecher, the chairman and CEO of Intercontinental Exchange, which owns the New York Stock Exchange.In a tweet early Friday morning, Loeffler said the report was a “ridiculous & baseless attack” and that she doesn’t make investment decisions for her portfolio.“Investment decisions are made by multiple third-party advisors without my or my husband’s knowledge or involvement,” she tweeted.She wrote that she was informed of the decisions three weeks after they were made. COPING WITH THE OUTBREAK:– Europeans sing health workers’ praises nightly from windows– AP PHOTOS: Virus clears out Tel Aviv’s beaches, outdoor gyms– In pandemic, word definitions shift and new lexicon emerges WASHINGTON (AP) — Senate Intelligence Committee Chairman Richard Burr, R-N.C., is asking for an ethics probe in response to criticism that he sold off as much as $1.7 million in stocks just before the market dropped in February amid coronavirus fears.Senate records show that Burr and his wife sold between roughly $600,000 and $1.7 million in more than 30 separate transactions in late January and mid-February, just before the market began to fall and as government health officials began to issue stark warnings about the effects of the virus. Several of the stocks were in companies that own hotels.In a statement Friday morning, Burr said he had asked for the Senate Ethics Committee to investigate the matter, “understanding the assumption many could make in hindsight.”Burr said he relied “solely on public news reports,” specifically CNBC’s daily health and science reporting out of its Asia bureaus, to make the financial decisions.There is no indication that Burr had any inside information as he sold the stocks. The intelligence panel did not have any briefings on the pandemic the week when most of the stocks were sold, according to a person familiar with the matter. The person declined to be identified to discuss confidential committee activity.The stock sales were first reported by ProPublica and The Center for Responsive Politics. Most of them came on Feb. 13, just before Burr made a speech in Washington, D.C., in which he predicted severe consequences from the virus, including closed schools and cutbacks in company travel, according to audio obtained by National Public Radio and released Thursday.Burr told the small North Carolina State Society audience that the virus was “much more aggressive in its transmission than anything that we have seen in recent history” and “probably more akin to the 1918 pandemic.”Burr’s remarks were much more dire than remarks he had made publicly, and came as President Donald Trump was still downplaying the severity of the virus.In a tweet on Thursday, Burr said that Americans were already being warned about the effects of the virus when he made the speech to the North Carolina State Society.“The message I shared with my constituents is the one public health officials urged all of us to heed as coronavirus spread increased,” Burr wrote. “Be prepared.”The North Carolina senator was not the only lawmaker to sell off stocks just before the steep decline due to the global pandemic. Georgia Sen. Kelly Loeffler, a new senator who is up for re-election this year, sold off hundreds of thousands of dollars worth of stock in late January, as senators began to get briefings on the virus, also according to Senate records.