CHICAGO – The Democratic nominee for Illinois lieutenant governor has dropped out of the race less than a week after winning the nomination amid a political uproar about his past.
Scott Lee Cohen announced his decision Sunday night at a Chicago bar.
The pawn broker and owner of a cleaning supplies company won the nomination Tuesday. Since then, it has become widely know that he was accused of abusing his ex-wife and holding a knife to the throat of an ex-girlfriend. He also admits using steroids in the past.
Democratic Gov. Pat Quinn, who would have been paired with Cohen on the November ticket, U.S. Rep. Danny Davis and Sen. Dick Durbin all had urged Cohen to leave the race.
CIT Group names chairman, CEO
NEW YORK – CIT Group said Sunday it has chosen former Merrill Lynch CEO John Thain to lead the company as chairman and CEO as the commercial lender continues to restructure its business following a brief stay in bankruptcy protection last year.
CIT Group Inc., one of the nation’s largest lenders to small and midsize businesses, said Thain, 54, will take the helm immediately. He replaces acting interim CEO Peter J. Tobin, who will remain on the board.
Nightclub shooting leaves one dead
SAN FRANCISCO – One man was killed and four critically injured in a shooting outside a nightclub near San Francisco’s Fisherman’s Wharf, police said.
The shooting around 1:40 a.m. Sunday took place outside the Suede Nightclub and Lounge on Bay Street, according to a police spokesman.
The shooting started after an altercation inside the nightclub spilled onto the street, escalating into gunshots, according to San Francisco Police Sgt. Wilfred Williams.
The suspect, who has not been named, is in custody, and police say they are looking for a second suspect.