By Aditya Kalra NEW DELHI -Amazon.com Inc plans to initiate criminal court proceedings this week against its Indian partner Future Retail for allowing the transfer of assets to a major …
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-American Eagle Outfitters Inc on Wednesday forecast a decline in earnings for the first half of 2022 as freight expenses surge and benefits from federal stimulus fade, sending its shares …
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By Davide Barbuscia NEW YORK – Overseas investors in Russia have tens of billions invested in the country’s stocks and bonds, according to Morningstar data. U.S. asset managers like Capital …
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Financial News
U.S. investment manager Capital Group was among top exposed to Russia -data
by Reutersby ReutersBy John McCrank and Davide Barbuscia NEW YORK – Capital Group Companies Inc, one of the world’s largest investment management companies, known for its American Funds mutual funds, had billions …
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(Refiles to correct spelling of Bank Otkritie in paragraph 2) By Philip Blenkinsop BRUSSELS – The European Union said on Wednesday it was excluding seven Russian banks from the SWIFT …
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By David Henry and Noor Zainab Hussain NEW YORK -Citigroup Inc unveiled a raft of new targets as it laid out its strategy for the next three to five years …
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Financial News
U.S. says Ericsson breached 2019 deal by failing to properly disclose Iraq misconduct
by Reutersby ReutersBy Supantha Mukherjee, Johan Ahlander and Chris Prentice STOCKHOLM/WASHINGTON – Sweden’s Ericsson on Wednesday said the U.S. Justice Department accused it of breaking terms of a 2019 deal with prosecutors …
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Financial News
European bank shares halt slide, Russia’s Sberbank exits Europe
by Reutersby ReutersBy Tom Sims and Carolyn Cohn FRANKFURT/LONDON -European bank shares halted their slide on Wednesday after dropping to their lowest level in nearly 11 months on fallout from the Ukraine …
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By Paresh Dave, Elizabeth Culliford and Sheila Dang – Online payments company PayPal Holdings Inc stopped accepting new users in Russia on Wednesday given current circumstances, a company spokesperson told …
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Financial News
BoE’s Cunliffe says Russia crisis will add to risks from rates shift
by Reutersby ReutersBy William Schomberg LONDON -Bank of England Deputy Governor Jon Cunliffe said the crisis triggered by Russia’s invasion of Ukraine would add to risks in financial markets which have already …
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Department of Justice Press Releases
Kansas National Guard Soldier Pleads Guilty to Sexual Exploitation of a Child
by DOJ Pressby DOJ PressSPRINGFIELD, Mo. – A Chanute, Kansas, man serving with the Army National Guard pleaded guilty in federal court today to sexually exploiting an 11-year-old southwest Missouri victim to produce child …
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Department of Justice Press Releases
Providence Man Detained on Fraud Charges, Threatening a Corrections Officer
by DOJ Pressby DOJ PressPROVIDENCE, R.I. – A Providence man has been ordered detained in federal custody on charges that he filed fraudulent applications for pandemic unemployment assistance payments in at least eight states …
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Department of Justice Press Releases
Tennessee Woman Sentenced To 24 Months’ Imprisonment For Smuggling Narcotics Into Federal Prison
by DOJ Pressby DOJ PressWILLIAMSPORT- The United States Attorney’s Office for the Middle District of Pennsylvania announced that Lisa Montpelier, 48, of Johnson City, Tennessee, was sentenced to 24 months’ imprisonment to be followed …
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Department of Justice Press Releases
Leader of Wholesale Drug Distribution Network Sentenced
by DOJ Pressby DOJ PressALEXANDRIA, Va. – A Los Angeles man was sentenced today to 14 years in prison for leading a conspiracy involving the distribution of wholesale quantities of synthetic cannabinoids—commonly known as …
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Department of Justice Press Releases
Convicted Drug Trafficker Detained on Methamphetamine and Cocaine Trafficking Charges
by DOJ Pressby DOJ PressPROVIDENCE, R.I. – A Pawtucket man previously convicted and incarcerated in Massachusetts and Rhode Island on drug trafficking charges has been ordered detained in federal custody in Rhode Island on …
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Department of Justice Press Releases
Logansport Man Sentenced to 70 Months in Prison
by DOJ Pressby DOJ PressSOUTH BEND – Sean Beebout, 27 years old, of Logansport, Indiana, was sentenced by United States District Court Judge Damon R. Leichty after pleading guilty to possessing an unregistered sawed-off …
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Department of Justice Press Releases
Bellefonte Woman Sentenced To 18 Months’ Imprisonment For Conspiracy To Commit Wire And Mail Fraud
by DOJ Pressby DOJ PressWILLIAMSPORT- The United States Attorney’s Office for the Middle District of Pennsylvania announced that on March 1, 2022, Mildred Hoy, 62, of Bellefonte, PA, was sentenced to 18 months’ imprisonment …
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Department of Justice Press Releases
Former TSA Officer Arrested on Federal Criminal Complaint Alleging He Attempted to Smuggle Methamphetamine Through LAX
by DOJ Pressby DOJ PressLOS ANGELES – A former Transportation Security Administration (TSA) officer was arrested today on a federal criminal complaint alleging he smuggled what he believed was methamphetamine through Los Angeles International …
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Department of Justice Press Releases
Federal Inmate Sentenced To 12 Months’ Imprisonment For Assaulting Correctional Officer
by DOJ Pressby DOJ PressWILLIAMSPORT – The United States Attorney’s Office for the Middle District of Pennsylvania announced that on March 1, 2022, inmate William Henry Foster, age 35, was sentenced to 12 months’ …
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Department of Justice Press Releases
Former Moline Man Sentenced to Federal Prison for Firearm Charge
by DOJ Pressby DOJ PressDAVENPORT, Iowa – Marshall Eugene Popp, age 31, formerly of Moline, was sentenced on February 28, 2022, to 36 months in prison for Felon in Possession of a Firearm. Following …
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Department of Justice Press Releases
Lorain Man Convicted of Possession with Intent to Distribute Fentanyl, Fentanyl Analogues, Heroin and Cocaine
by DOJ Pressby DOJ PressActing U.S. Attorney Michelle M. Baeppler announced that a federal jury returned guilty verdicts on Tuesday, March 1, 2022, against Defendant Brandon J. Sharp, 34, of Lorain, Ohio, following a …
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Department of Justice Press Releases
Mercer County Man Sentenced to 30 Months in Prison for Interfering with Law Enforcement Officers During Civil Disorder
by DOJ Pressby DOJ PressNEWARK, N.J. – A Mercer County, New Jersey, man was sentenced today to 30 months in prison for attempting to interfere with law enforcement officers during a civil disorder when …
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Department of Justice Press Releases
New Orleans Man and Woman Indicted for Gun and Drug Trafficking Offenses
by DOJ Pressby DOJ PressNEW ORLEANS, LA – United States Attorney Duane A. Evans announced that TONI JONES, age 33, and TIMREK ANDREWS, age 43, both of New Orleans, Louisiana, were charged on February …
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Department of Justice Press Releases
Un“lucky” fugitive pleads guilty to double firearms charges
by DOJ Pressby DOJ PressCORPUS CHRISTI, Texas – A 44-year-old Corpus Christi resident has pleaded guilty to illegally possessing a firearm as a felon and possessing a firearm in furtherance of a drug trafficking …
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Department of Justice Press Releases
Honduran National Indicted for Illegal Re-Entry
by DOJ Pressby DOJ PressNEW ORLEANS – U.S. Attorney Duane Evans announced today that WILSON AMILCAR VASQUEZ-CABALLERO, age 29, was charged on February 25, 2022 in a one-count indictment for illegal reentry of a …