Monday, September 21, 2015

Lunch Break (9/21/15): BofA shareholders to vote on bank's decision to name Moynihan CEO and chairman tomorrow

Posted By on Mon, Sep 21, 2015 at 2:10 PM

Shareholders at Bank of America's annual shareholders' meeting will vote on the bank's decision to make CEO Brian Moynihan chairman last fall, ignoring a 2009 vote from shareholders to keep the two positions separate. Some large groups of shareholders, including CtW Investment Group, have voiced their disapproval of the decision and the bank announced in May they would bring it to a vote at tomorrow's meeting. 

Despite passing a new state budget that was signed into law on Friday, the North Carolina General Assembly is back in session today and will be for at least the next week as they discuss a few bills that have not yet been passed. Those bills include a bond referendum, a tax incentive increase for businesses looking to come to North Carolina and a privatization of Medicaid. If these bills are not passed, it would reportedly have a drastic effect on the newly passed budget. 

Police believe the man who shot and killed a woman and man before killing himself in northwest Charlotte on Saturday was a jealous ex-boyfriend of the woman. Police said 27-year-old Melvin Ashby shot and killed 37-year-old Judith Causey and shot another man who was not named and is currently in the hospital in critical condition. Neighbors said the inured man is Causey's current boyfriend. Police said they responded to a domestic disturbance call involving Ashby at the same address two hours prior to the killings. 

The prosecution of two North Carolina teens for allegedly sending nude photos to each other consensually has made headlines internationally, and even the lawmaker who drew up the law used to charge the couple has said the case is "appalling" and the law is being misused. Cormega Copening, who was 16 years old at the time the photos were taken, is being charged with five felony counts of sexually exploiting a minor, himself, and could face up to 10 years in prison. His girlfriend, Brianna Denson, also 16 at the time, could face up to four years in prison. 

The Mecklenburg County Health Department has announced it found elevated levels of contaminants in Little Sugar Creek between East 36th and North Brevard streets. Testing results showed elevated levels of colorless liquids used in different industrial and commercial processes called trichloroethylene and perchloroethylene, officials said. They warned that residents should not drink, fish or bathe in the creek's waters. 

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