| Sovereign Bancorp to take $1.58 billion in charges
Investors criticized both transactions, and Sidhu was ousted in October 2006. The Spanish bank eventually took a 24.99 percent stake in Sovereign. Analysts have said Sovereign might eventually be sold to Santander or another lender. Sovereign plans to release quarterly results on January 23. Through Friday, Sovereign shares had fallen 58 percent in the last year, compared with a 31 percent drop in the KBW Regional Bank Index <.KRX>. (Reporting by Jonathan Stempel; Editing by Derek Caney and Dave Zimmerman) .
Lincoln man gets 15 years for distributing crack
A U.S. district court judge last week sentenced a 55-year-old Lincoln man to more than 15 years in federal prison on a drug charge.Howard K. William, also known as "Bobo" or "Bo," was sentenced Jan. 9 to 15 years and 8 months in prison for conspiracy to distribute cocaine base, also known as crack cocaine, in Lincoln over about a one-year time period, and for three counts of distribution of crack cocaine.William was arrested July 23 and indicted the next day, according to U.S. Attorney Joe Stecher. William was held responsible for the distribution of more than 1 ounce of crack cocaine during that time, Stecher said. .
Dumped Styris stumped
Styris, 32, is still coming to grips with his dumping for the test series against Bangladesh. He admitted yesterday that he could see no way back in the longer form of the game this season. Not unreasonably, he believes the player picked in front of him - Mathew Sinclair - will prosper against hapless Bangladesh and therefore retain his place for the first two tests, at least, against England in March. Styris has retreated to the beach with his family to gather his thoughts but agreed to a one-off interview with The Dominion Post yesterday. He said he learned his fate just five minutes before the team to play Bangladesh was made public. He described it as a bolt from the blue after what he considered had been the best year of his career.
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