Here is this week’s news of grants or gifts to historically Black colleges and universities or for programs of particular interest to African Americans in higher education.
Wayne State University School of Social Work received a $250,000 donation from William F. Pickard an entrepreneur, philanthropist, civic leader, and former faculty member. An initial gift of $150,000 will create five scholarships, and a future gift of $100,000 will endow the scholarships and make them permanent. To be eligible for the scholarships, students must be active members of the Association of Black Social Workers Detroit chapter or the Wayne State chapter.
Historically Black
Tuskegee University in Alabama has received a $5 million gift from the charitable foundation established by philanthropist Stephen Feinberg, the co-founder and co-chief executive officer of Cerberus Capital Management, a global private equity firm. The donation will be used to establish the Stephen Feinberg Scholarship Program,
CLEVELAND (AP) Ohio’s largest electric utility, its reputation battered by scandal, has been besieged by more than a dozen lawsuits filed by angry shareho
Scandal-battered utility now faces specter of pricey lawsuits telegraphherald.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from telegraphherald.com Daily Mail and Mail on Sunday newspapers.
Mark Gillispie December 30, 2020 - 5:20 AM
CLEVELAND - Ohioâs largest electric utility, its reputation battered by scandal, has been besieged by more than a dozen lawsuits filed by angry shareholders who include some of the countryâs biggest institutional investors.
And, if history is a guide, FirstEnergy Corp. and its insurers could find themselves paying millions to settle those complaints, as the company did more than 15 years ago when confronted by lawsuits for lying about a dangerous hole in a reactor head at a nuclear power plant and for contributing to the largest blackout in U.S. history.
FirstEnergy and insurers for its corporate officers and board of directors paid out more than $100 million to settle lawsuits in 2004. It is far too early to estimate what settlements of the new lawsuits might total, but the potential payouts could far exceed those from 2004, given the losses shareholders claim to have suffered.
by Mark Gillispie, The Associated Press
Posted Dec 30, 2020 8:20 am EDT
Last Updated Dec 30, 2020 at 8:26 am EDT
FILE – In this April 12, 2005, file photo, operator Kevin Holko monitors the control room during a scheduled refueling shutdown at the Perry Nuclear Power Plant in North Perry, Ohio. A federal court docket showed that plea agreements were filed Thursday, Oct. 29, 2020 for defendants Jeffrey Longstreth, a longtime political adviser, and Juan Cespedes, a lobbyist described by investigators as a key middleman in a $60 million bribery case also involving ex-Ohio House Speaker Larry Householder alleged to have helped prop up this aging nuclear power plant and the Davis-Besse Nuclear Power Station in Oak Harbor, Ohio. (AP Photo/Mark Duncan, File)