Latest news with #Sokol
Mint
3 days ago
- Business
- Mint
Teton Capital Said to Agitate for Changes at Atlantic Union Bank
(Bloomberg) -- Financier David Sokol's investment fund has taken a stake in Atlantic Union Bankshares Corp. and is pushing the US regional bank to consider cutting costs, shrinking its board and overhauling its executive compensation, according to people familiar with the matter. Teton Capital — run by the former Berkshire Hathaway Inc. executive — holds a less than 5% stake in Atlantic Union, said the people, who asked to not be identified because the details aren't public. Sokol, who was once considered a potential successor Warren Buffett, has been critical of Atlantic Union's performance since announcing a $1.6 billion purchase last year of Sandy Spring Bancorp, viewing it as an expensive foray into a new territory that isn't delivering good results, the people said. Sokol wants Atlantic Union to consider winnowing down its 14-director board, the people said. He believes it should also evaluate all overhead expenses to cut costs and align its executive compensation with stock performance, they said. Representatives for Teton Capital and Atlantic Union declined to comment. Atlantic Union closed 2% higher in New York trading Friday, giving the Richmond, Virginia-based company a market value of about $4.4 billion. Atlantic Union's shares have fallen around 19% this year. The bank added three members to its board this year following the closing of the Sandy Spring acquisition. That deal was supported by more than 95% of Atlantic Union's shareholders, according to a regulatory filing. The bank also added two additional board members via its all-stock acquisition last year of American National Bankshares. Sokol oversaw Berkshire Hathaway's energy utility and aviation company NetJets before resigning in 2011. More stories like this are available on
Yahoo
02-05-2025
- Health
- Yahoo
Louisiana whooping cough cases for 2025 higher than last year's total, LDH reports
BATON ROUGE, La. (Louisiana First) — Louisiana's health department reports an increase in whooping cough cases that could lead to a record high this year. Compared to 153 total state cases in 2024, the Louisiana Department of Health (LDH) has identified 164 cases in the first four months of 2025. Nationwide, over 8,400 cases have been reported this year by the U.S. Centers for Disease Control and Prevention. LDH reported that 40 people have been hospitalized with whooping cough, or pertussis, since September 2024, with 70% of those being babies younger than 1 year old. Two babies in Louisiana have reportedly died with the rise in cases. Experts said whooping cough peaks every two to five years, occurring around this time of the year and in the fall. State Epidemiologist Theresa Sokol described the surge in cases as a 'return' to disease activity patterns before the COVID-19 pandemic. 'What I can tell you is that we had a very low number of cases during the pandemic because people were practicing mitigation measures that decrease the spread of respiratory diseases,' Sokol told Louisiana First News. Sokol said symptoms can appear like a common cold before coughing fits possibly develop one to two weeks later. She said coughing 'can be so strong that people make a high-pitched whoop.' Babies are at a greater risk of whooping cough complications and death. Health officials said the bacteria that cause the disease are often unknowingly spread to babies by family members or caregivers. Sokol said babies' symptoms can differ from adults, showing as apnea and causing them to turn blue and struggle to breathe. Vaccines for pregnant women and people, including children and teens, in close contact with babies are recommended. Sokol said the department recommends people review their immunization histories and talk to health care providers about the pertussis vaccine. 'We feel like this is especially important now because of the increased pertussis activity that we've been seeing recently in Louisiana,' Sokol said. Click here for more information from LDH about pertussis. The Associated Press contributed to this report. The US has nearly 900 measles cases, and 10 states have outbreaks. Here's what to know REAL ID Louisiana: 1.2M residents make upgrade before May deadline Louisiana whooping cough cases for 2025 higher than last year's total, LDH reports Conclave trivia: How long was the longest vote? And what are antipopes? Senate GOP chair knocks Trump budget over military spending MONEY TALKS: Sticking to Your Plan Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
Yahoo
18-03-2025
- Business
- Yahoo
Russian Crude Flows Hold Near Four-Month High While Putin Stalls
(Bloomberg) -- Russia's oil exports remained near a four-month high ahead of talks between President Vladimir Putin and US counterpart Donald Trump aimed at bringing a halt to the war in Ukraine. ICE Eyes Massive California Tent Facility Amid Space Constraints How Britain's Most Bike-Friendly New Town Got Built The Dark Prophet of Car-Clogged Cities Washington, DC, Region Braces for 'Devastating' Cuts from Congress NYC Plans for Flood Protection Without Federal Funds Crude flows from all Russian ports in the four weeks to March 16 were little changed at 3.37 million barrels a day, near the highest since the period to Nov. 10. The US is pressing Russia to sign up to a 30-day ceasefire that Ukraine has said it is ready to accept. While Putin has said Moscow is willing to consider a truce in principle, he has insisted on a number of conditions before he'll commit to any halt to the invasion that he launched in February 2022. European leaders worry that President Trump may concede too much on Ukraine's behalf in a direct exchange with Putin. Advisers to the president are considering lifting or tweaking Russia sanctions, including a cap on oil export prices, if there's progress in the talks with Moscow, according to people familiar with the matter. Meanwhile, Washington has tightened sanctions on Russia ahead of the call by allowing the expiry of a license covering payments for energy to Russian banks that were still permitted to receive US dollars. And Treasury Secretary Scott Bessent said earlier this month that the US will not hesitate to go 'all in' on sanctions on Russian energy if it helps lead to a ceasefire. Delivery Difficulties and Covert Transfers Still, there are initial signs that difficulties in discharging some Russian cargoes may be easing. Three tankers hauling crude from Murmansk are signaling destinations in India. While the ships themselves haven't been sanctioned by the US, they have been blacklisted by the UK and the European Union, and the cargoes spent part of their journey on US-sanctioned shuttle tankers and passed through a sanctioned floating storage unit. It remains to be seen whether the cargoes will be accepted at India's ports, where they are due to arrive toward the end of the month. In the Pacific, cargoes of crude from the two Sakhalin projects continue to be transferred from sanctioned shuttles onto other ships in Nakhodka Bay for onward delivery to China. Even so, there have been some lengthy delays in offloading cargoes. A supertanker that took about 2 million barrels of Sokol crude through such transfers in the first 10 days of February finally discharged its cargo at the Chinese port of Huangdao. The delivery took seven weeks from initial loading at De Kastri, a trip that was typically completed in seven days before sanctions. The Zaliv Vostok shuttle tanker was anchored full for two weeks off the Sakhalin island loading terminal before departing for Hong Kong. The Galaxy, which departed the same export facility in early February, has been anchored off Hong Kong for the past three weeks. About 4.2 million barrels of Russia's Pacific crude is on tankers that have been idle for at least seven days, that's down from 7.7 million barrels two weeks ago. Crude Shipments A total of 32 tankers loaded 24.15 million barrels of Russian crude in the week to March 16, vessel-tracking data and port-agent reports show. The volume was down slightly from 24.39 million barrels on the same number of ships the previous week. Crude flows in the seven days to March 16 were little changed at about 3.45 million barrels a day. A week-on-week drop of 30,000 barrels a day is well within the margin of error. A surge in shipments of Russian crude from the Baltic port of Primorsk was largely offset by fewer cargoes from Ust-Luga. Less volatile four-week average flows were also little changed at about 3.37 million barrels a day, compared with 3.4 million in the period to March 9. On this measure, flows remained close to their highest level in four months. One cargo of Kazakhstan's KEBCO crude was loaded during the week from Novorossiysk, with another departing Ust-Luga. Export Value The gross value of Moscow's exports fell by about $20 million, or 2%, to $1.42 billion in the week to March 16. Export values of Russian Urals crude moved in opposite directions, with Baltic cargoes down by about $0.40 a barrel, while those loading in the Black Sea edged higher by about $0.10 a barrel. The price of key Pacific grade ESPO was virtually unchanged from the previous week. Delivered prices in India were down by about $0.10, all according to numbers from Argus Media. On a four-week average basis, income edged lower in the period to March 16 to about $1.43 billion a week, down from $1.47 billion in the period to March 9. Flows by Destination Observed shipments to Russia's Asian customers, including those showing no final destination, were also little changed at 3.21 million barrels a day in the four weeks to March 16, keeping them 2% above the average level seen during the previous peak in October. The figures include about 600,000 barrels a day on ships showing their destination as Port Said or the Suez Canal and another 180,000 barrels a day on vessels yet to show a destination. Turkey is now the only short-haul market for shipments from Russia's western ports, with flows in the 28 days to March 16 slipping back to average about 160,000 barrels a day from a revised 180,000 barrels a day in the period to March 9. Turkey's biggest refiner confirmed it has halted purchases of Russian oil after earlier signaling that it would restrict them to avoid falling foul of US sanctions. NOTES This story forms part of a weekly series tracking shipments of crude from Russian export terminals and the gross value of those flows. The next update will be on Tuesday, March 25. All figures exclude cargoes identified as Kazakhstan's KEBCO grade. Those are shipments made by KazTransoil JSC that transit Russia for export through Novorossiysk and Ust-Luga and are not subject to European Union sanctions or a price cap. The Kazakh barrels are blended with crude of Russian origin to create a uniform export stream. Since Russia's invasion of Ukraine, Kazakhstan has rebranded its cargoes to distinguish them from those shipped by Russian companies. Bloomberg classifies ship-to-ship transfers as clandestine if automated position signals appear to be switched off or falsified — a tactic known as spoofing — to hide the two vessels involved coming together to make the cargo switch. Vessel-tracking data are cross-checked against port agent reports as well as flows and ship movements reported by other information providers including Kpler and Vortexa Ltd. If you are reading this story on the Bloomberg terminal, click for a link to a PDF file of four-week average flows from Russia to key destinations. --With assistance from Sherry Su. The Real Reason Trump Is Pushing 'Buy American' Snap CEO Evan Spiegel Bets Meta Can't Copy High-Tech Glasses Nvidia Looks Past DeepSeek and Tariffs for AI's Next Chapter How Trump's 'No Tax on Tips' Could Backfire for the Working Class How America Got Hooked on H Mart ©2025 Bloomberg L.P.
Bloomberg
14-03-2025
- Business
- Bloomberg
Russian Oil Delivery Takes Seven Times Longer After Sanctions
The delivery of a two-million-barrel cargo of Russian oil to China took seven times longer than it would have done prior to a round of US sanctions imposed on Moscow back in January. The drawn out delivery of Sokol crude from Russia's Sakhalin 1 project into Chinese storage tanks shows how US sanctions continue to disrupt and impede — but importantly not halt — the flow of Russian oil.
Yahoo
10-03-2025
- Health
- Yahoo
Des Moines, West Des Moines hospitals in same network sued after deaths of ER patients
The owner of two central Iowa hospitals and two of its physicians are facing lawsuits over patient deaths and the alleged violation of federal laws governing emergency room treatment. Two of the lawsuits are tied to patient care involving a man who allegedly died after twice being discharged from the emergency room at Central Iowa Hospital Corp.'s Methodist West Hospital, located in West Des Moines. A third lawsuit stems from the death of a woman who allegedly waited 10 hours to see a physician at the company's Iowa Methodist Medical Center in Des Moines before going into cardiac arrest. In two of the cases, the family of the late David Cibert alleges that on the evening of Jan. 11, 2023, Cibert went to the emergency room at Methodist West complaining of pain that he rated as a '13' on a scale of 1 to 10. Although he allegedly had a fever and low oxygen-saturation levels, and his pain did not respond to fentanyl, Dr. Rachael Sokol and others allegedly failed to provide a full and complete screening examination in order to determine whether Cibert had an emergency medical condition, and also ordered no lab tests or imaging. Sokol allegedly discharged Cibert from the emergency department shortly before midnight, writing that his condition was 'good' – despite, one of the lawsuits claims, that he was still in severe pain, the cause of which hadn't been determined. Less than 12 hours later, Cibert allegedly returned to Methodist West's emergency room, still in pain and with an accelerated heart rate. Emergency room physician Dr. Chase Deobald evaluated Cibert and ordered a test that allegedly showed an elevated white blood cell count. Deobald discharged Cibert at about 2:20 p.m., the lawsuit alleges. More: UnityPoint nurses accuse health system of trying to bust up bid to form union Cibert returned home, still in 'excruciating pain,' his family alleges in court filings. A few days later, on Jan. 16, 2023, he went to MercyOne's West Des Moines Medical Center with the same complaints and symptoms while stating that he had not been able to move his arms or legs for six days. While there, he was diagnosed with acute polyarticular arthritis and the potentially life-threatening condition of septic arthritis. He died on Jan. 19, 2023, allegedly from bacteremia — bacteria in the bloodstream — caused by sepsis and polyarticular septic arthritis. 'Had David received competent timely medical treatment, he likely would have survived,' his family claims in court filings. A state-court lawsuit, which alleges medical malpractice in Cibert's treatment, is scheduled for trial on Jan. 12, 2026. In that case, Methodist West, Sokol and Deobald have denied any wrongdoing. A separate, federal lawsuit alleges that in treating Cibert, Methodist West violated the federal Emergency Medical Treatment and Labor Act, or EMTALA, which requires hospitals to ensure that patients are stabilized before discharging them. The hospital has yet to file a response to that lawsuit and declined to comment on the case. Sokol and Iowa Methodist Medical Center are also defendants in a wrongful death claim recently filed by the estate of another patient, Amanda Kuhlman. That lawsuit claims Kuhlman came to the Des Moines hospital on Aug. 23, 2023, where she was diagnosed with weakness, difficulty swallowing, incontinence and an elevated heart rate. Despite the severity of her symptoms, the lawsuit claims, Kuhlman would not be seen by a physician for nearly 10 hours, and only after she went into cardiac arrest while attempting to use the restroom with the assistance of the staff. She died several days later on Sept. 3, 2023. According to the lawsuit, Central Iowa Hospital Corp. was cited several times for EMTALA violations in the years leading up to Kuhlman's death. The first such violation was on Feb. 28, 2017, at which time the U.S. Centers for Medicare and Medicaid Services notified Central Iowa Hospital hospital patients had been placed in 'immediate jeopardy,' the lawsuit alleges. More: MercyOne takes to the skies to combat Iowa's lack of medical care for rural pregnant women On Sept. 6, 2022, Nov. 29, 2023, and June 5, 2024, the hospital was cited for additional violations that resulted from EMTALA investigations, the lawsuit claims. 'Central Iowa Hospital Corp. has engaged in a persistent pattern of conduct of failing to provide medical screening examinations and stabilizing treatment for emergency room patients in its hospitals without unnecessary delay,' the lawsuit claims. Central Iowa Hospital Corp. said it does not comment on pending litigation. That lawsuit was recently moved from state to federal court. A trial date has yet to be set. Find this story at Iowa Capital Dispatch, which is part of States Newsroom, a network of news bureaus supported by grants and a coalition of donors as a 501c(3) public charity. Iowa Capital Dispatch maintains editorial independence. Contact Editor Kathie Obradovich for questions: kobradovich@ This article originally appeared on Des Moines Register: Lawsuits filed in ER patient deaths at Central Iowa hospitals
