Month: August 2022

ROANOKE, Va. – Since our 10 News investigation into the South Forest Community Christian football program began two weeks ago, there has been more fallout. The investigation began with a tip about questionable housing for the team’s student-athletes. Out-of-state players paying a $500 deposit for what they thought were hotel accommodations ended up being a personal payment made to head coach Pope Mitchell to live in his home. “We sent the money in May to reserve the house. Since then, he blamed it on the school. Saying ‘the school is waiting for this, the school is waiting for this,’” said…

The Fidelity Growth Company fund has had an exceptional decade. Independent mutual fund rating company Morningstar, which gives it a five-star rating, says it is one of the best-performing funds of the past 10 years. The fund has $45.4 billion in assets under management and invests in domestic and foreign companies that the adviser believes have above-average growth potential. Ranked in the top percentile by Morningstar, Fidelity Growth had a 10-year annual total return of 18.10%, well above the 13.6% average for the “large growth” category. In that period, Fidelity Growth Company saw its highest annual return of 67.7% in…

Hyzon Motors has ousted CEO Craig Knight amid a financial mess over how the truck fuel cell maker reported revenue in China and managed internal financial controls. Parker Meeks, most recently chief strategy officer at Hyzon, was named interim president and CEO effective immediately. Knight was also removed as a director of the company. The board plans to look for a new CEO both externally and internally. “Parker Meeks has the depth and breadth of experience in the energy, infrastructure and transportation sectors to provide the leadership and operational expertise Hyzon needs at this critical time in the global energy…

Shares, Stock Market, Sensex, Nifty: The benchmark indices of the BSE and the National Stock Exchange (NSE) extended their gains for the fifth consecutive session and ended marginally higher on Tuesday. The S&P BSE Sensex rose 20.86 points (0.04%) to end at 58,136.36, while the NIfty 50 added 5.40 points (0.03%) to 17,345.45. Both indices had opened marginally lower earlier in the day and moved in a tight range throughout the session. In the Sensex pack, IndusInd Bank, Asian Paints, NTPC, Maruti Suzuki India, Hindustan Unilever (HUL), State Bank of India (SBI) and Mahindra & Mahindra (M&M) were the day’s…

Kim Jo Yong, the powerful sister of the North Korean leader, says the country will not “exchange” its “honour”. North Korea’s Kim Yo Jong, the powerful sister of leader Kim Jong Un, has flatly rejected an offer from South Korea to help boost the isolated country’s economy if it gives up its nuclear weapons. Kim’s comments are the first time a senior North Korean official has commented directly on what South Korean President Yoon Suk-yeol has dubbed a “bold plan” under which the South would offer gradual economic aid to Pyongyang if denuclearization began. Yoon reiterated the offer Wednesday at…

MINNEAPOLIS–(BUSINESS THREAD)–Georgia-based Colony Bank recently launched a new wealth management program with Ameriprise Financial (NYSE: AMP ) as an intermediary. After an extensive search, Colony selected the Ameriprise Financial Institutions Group (AFIG) to provide its clients with personalized and digitized financial advice. With 37 locations throughout Georgia, the bank will operate its wealth management program under the Colony Financial Advisors brand. “We were attracted to Ameriprise because of the company’s enhanced technology and our focus on giving financial advisors the tools they need to succeed,” said Heath Fountain, president and CEO of Colony Bank. “Our commitment at Colony Bank has…