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In a letter filed in federal court in Brooklyn, prosecutors said the U.S. government will initiate formal proceedings to seek Stuart Scott's extradition after learning he did not wish to come to the United States voluntarily to face the charges. The U.S. Justice Department has begun the process of preparing an extradition package for the State Department to submit to the United Kingdom, the letter said. A lawyer for Scott, who currently resides in Hertfordshire, England, did not immediately respond to requests for comment. Scott, HSBC's former head of cash trading for Europe, the Middle East and Africa, was charged in July along with Mark Johnson, a British citizen who was HSBC's global head of foreign exchange cash trading and who was arrested in New York. The men are believed to be the first individuals to face U.S. criminal charges arising from a probe of foreign-exchange rigging at banks. The probe led to four banks last year pleading guilty to conspiring to manipulate currency prices. HSBC was not among those banks, but in 2014 agreed to pay $618 million to resolve related probes by U.S.
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Read More Our Picks Our first choice is Fort Worth, TX-based American Airlines Group (AAL). The carrier operates more than 6,700 daily flights to over 330 destinations in more than 50 nations across the globe from its hubs. The carries a Zacks Rank #3 and has an earnings ESP of +3.01%. The favorable combination makes an earnings beat likely for this airline behemoth. The carrier is scheduled to reveal quarterly results on Oct 20. Swift Transportation Company (SWFT), based in Phoenix, AZ, also makes it to our list of potential outperformers. The company, which operates one of the largest fleets of truckload equipment in North America from more than 40 terminals near key freight centers and traffic lanes, has an Earnings ESP of +3.13% and a Zacks Rank #3. The company is slated to announce its financial numbers on Oct 24. GasLog Partners LP (GLOP), based in Monaco, is also likely to outshine with respect to the bottom line in the third quarter, results of which will be revealed on Oct 27. The company, which owns, operates and acquires LNG carriers with multi-year charters, has an Earnings ESP of +1.82% and a Zacks Rank #3.
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