By Huw Jones LONDON – Rules forcing Britain’s banks to wrap their retail arms with a bespoke cushion of capital should be retained for now, though they could “ossify” the …
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Department of Justice Press Releases
Bridgeport Heroin Distributor Sentenced to 5 Years in Federal Prison
by DOJ Pressby DOJ PressLeonard C Boyle, United States Attorney for the District of Connecticut, today announced that RAY FONTANEZ, also known as “Pun,” 34, of Bridgeport, was sentenced yesterday by U.S. District Judge …
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Department of Justice Press Releases
Two Springfield Residents Plead Guilty to Conspiracy to Distribute Five Grams or More of Actual Methamphetamine
by DOJ Pressby DOJ PressSPRINGFIELD, Ill. – A woman and a man from Springfield, Illinois, Brandy Friday, 36, and Brent Garner, 42, both of the 1200 block of South Livingston, have pleaded guilty to …
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Department of Justice Press Releases
Iowa business owner pleads guilty to tax evasion
by DOJ Pressby DOJ PressDES MOINES, IA – On March 10, 2022, Penny Layne Witt appeared in federal court and pleaded guilty to one count of attempting to evade or defeat tax. Witt is …
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Department of Justice Press Releases
Serial Fraudster Pleads Guilty in U.S. District Court in Maryland to Two New Fraud Schemes and to Violating His Supervised Release for a Previous Federal Fraud Conviction
by DOJ Pressby DOJ PressBaltimore, Maryland – Jason Evans, age 47, formerly of Anne Arundel County, Maryland, pleaded guilty yesterday to two counts of bank fraud, in connection with two separate fraud schemes, to …
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Department of Justice Press Releases
Newark City Council Member Admits Scheming to Obtain Bribes and Kickbacks and Subscribing to False Tax Return
by DOJ Pressby DOJ PressNEWARK, N.J. – A member of the Newark Municipal Council and Board of Directors of the Newark Community Economic Development Corporation (NCEDC) today admitted scheming to obtain bribes and kickbacks …
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Department of Justice Press Releases
Man Sentenced for Role in Attempted Robbery of New Haven Restaurant Where Employee Was Shot
by DOJ Pressby DOJ PressLeonard C Boyle, United States Attorney for the District of Connecticut, announced that TYTHRONE FORD, 28, of New Haven, was sentenced today by U.S. District Judge Jeffrey A. Meyer in …
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By Svea Herbst-Bayliss BOSTON – Barclays PLC has hired an executive from a rival bank for its mergers, acquisitions, activism and ESG advisory group as demand increases from corporate clients …
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Financial News
Volvo Cars teams up with Starbucks for pilot EV charging network
by Reutersby Reuters– Volvo Cars U.S. said on Tuesday it was partnering with coffee giant Starbucks Corp to create a public electric vehicle (EV) charging network that is set to begin this …
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Financial News
LME imposes price limits for the first time after nickel crisis
by Reutersby ReutersBy Eric Onstad LONDON – Nickel will resume trading on the London Metal Exchange (LME) in a fixed price range for the first time on Wednesday after extreme volatility in …
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Breaking NewsMonmouth County NewsNew Jersey NewsPolice Blotter
Grand Jury indicts Colts Neck man for armed robberies
FREEHOLD, NJ – A grand jury has indicted Conor Kavanagh, 29, of Colts Neck with three counts of first-degree Armed Robbery, according to Acting Monmouth County Prosecutor Lori Linskey. Kavanaugh …
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Financial News
EU blacklists Abramovich, targets energy, luxury sectors with new Russia sanctions
by Reutersby ReutersBy Francesco Guarascio BRUSSELS – The European Union on Tuesday launched a new barrage of sanctions against Russia for its invasion of Ukraine, including bans on Russian energy sector investments, …
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– Russia faces its first major external debt default since 1917 as Western sanctions in response to its invasion of Ukraine limit its ability to service foreign bonds. Russia has …
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-French tyre maker Michelin is suspending its industrial activity in Russia and exports to the country due to supply difficulties following Moscow’s invasion of Ukraine. In 2004, Michelin became the …
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By Sruthi Shankar and Shreyashi Sanyal -European stocks fell on Tuesday, with commodity-linked sectors leading the losses, as concerns about surging coronavirus cases in China added to nerves ahead of …
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Breaking NewsNew Jersey NewsNorth Jersey NewsPolice Blotter
Newark city councilman admits to taking bribes and kickbacks, filing false tax return
by Phil Stiltonby Phil StiltonNEWARK, NJ – The United States Department of Justice today announced a Newark city councilman has admitted to taking bribes, accepting kickbacks and filing a false tax return. U.S. Attorney …
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By Foo Yun Chee BRUSSELS -Amazon on Tuesday gained unconditional EU antitrust approval for its proposed $8.5 billion acquisition of U.S. movie studio MGM to help it to compete with …
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Financial News
U.S. consumers to spend record $1 trillion online in 2022 – report
by Reutersby Reuters-U.S. consumer spending on e-commerce is expected to hit a record $1 trillion this year thanks to the pandemic-driven shift to online shopping, a report from Adobe Analytics showed on …
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Financial News
EU bans top credit rating agencies from rating Russia and Russian firms
by Reutersby ReutersBy Marc Jones LONDON – The European Union has banned top credit rating firms from rating Russia and the country’s companies as part of its latest sanctions package, the European …
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Financial News
Ukraine approves sweeping tax breaks to help businesses weather the war
by Reutersby ReutersLVIV, Ukraine -Ukraine’s parliament approved measures on Tuesday to help Ukrainian businesses stay afloat during the war with Russia, including slashing taxes to a single 2% rate, Prime Minister Denys …
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By Valentina Za MILAN -UniCredit is studying ways to exit Russia following the invasion of Ukraine, but needs to find a solution for its 4,000 local staff and European companies …
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Financial News
Walmart’s Mexico unit aims to double mobile phone service users in 2022
by Reutersby ReutersMEXICO CITY – Walmart’s Mexico unit is aiming to double the number of users connected to its mobile phone service in 2022, an executive said at the company’s investors day …
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Financial News
Gold drops to 2-week low on Russia-Ukraine talks, rate hike prospects
by Reutersby ReutersBy Brijesh Patel – Gold fell nearly 2% on Tuesday to a two week trough as hopes of progress in peace talks between Russia and Ukraine coupled with the likelihood …
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Financial News
Exclusive-Amazon’s demand for $200 million sank settlement talks with India’s Future-sources
by Reutersby ReutersBy Aditya Kalra NEW DELHI -Dispute settlement talks between Amazon.com Inc and India’s Future Retail failed over the U.S. group’s demand for the return of at least $200 million it …
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Financial News
EU to subsidise household fuel prices surging amid Ukraine crisis
by Reutersby ReutersBy Jan Strupczewski BRUSSELS – EU finance ministers agreed on Tuesday to subsidise household fuel prices and offer support to companies hit by surging energy prices as a result of …