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  • Financial News

    Russia ETF draws meme stock-like trading frenzy

    by Reuters March 2, 2022
    by Reuters March 2, 2022

    By Saqib Iqbal Ahmed NEW YORK -The battered shares of Van Eck’s Russia ETF have attracted a surge of trader interest and drawn comparisons to last year’s so-called meme stock …

  • Financial News

    New York Fed’s Logan says staff will carefully monitor money markets

    by Reuters March 2, 2022
    by Reuters March 2, 2022

    By Jonnelle Marte – The Federal Reserve’s nearly $9 trillion balance sheet has more room to decline than it did the last time the central bank shrank its holdings and …

  • Financial News

    Lordstown Motors ex-CEO sells more company stock – filing

    by Reuters March 2, 2022
    by Reuters March 2, 2022

    -Lordstown Motors Corp’s former chief executive sold $13.5 million worth of shares in the electric vehicle startup on Monday, according to a regulatory filing on Wednesday, as it struggles to …

  • Financial News

    Oracle suspends operations in Russia, SAP pauses sales

    by Reuters March 2, 2022
    by Reuters March 2, 2022

    By Paresh Dave and Sheila Dang -Business software giant Oracle Corp said on Wednesday it has suspended all operations in Russia, while rival SAP SE later announced it would pause …

  • Financial News

    World Bank halts all programs in Russia, Belarus

    by Reuters March 2, 2022
    by Reuters March 2, 2022

    By Andrea Shalal WASHINGTON -The World Bank said on Wednesday it had stopped all programs in Russia and Belarus with immediate effect, following the Russian invasion of Ukraine and “hostilities …

  • Financial News

    Who can fix the price tags? U.S. businesses hit by labor shortages, inflation

    by Reuters March 2, 2022
    by Reuters March 2, 2022

    By Ann Saphir – In the U.S. Midwest one retailer planned to raise prices but did not have enough floor staff to physically change the tags. In the South, a …

  • Financial News

    Amazon plans to file criminal case against India’s Future over store transfers -sources

    by Reuters March 2, 2022
    by Reuters March 2, 2022

    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 …

  • Financial News

    American Eagle earnings in for a hit from hefty freight costs

    by Reuters March 2, 2022
    by Reuters March 2, 2022

    -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 …

  • Financial News

    Factbox-The funds that have large Russia exposure

    by Reuters March 2, 2022
    by Reuters March 2, 2022

    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 …

  • Financial News

    U.S. investment manager Capital Group was among top exposed to Russia -data

    by Reuters March 2, 2022
    by Reuters March 2, 2022

    By 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 …

  • Financial News

    EU bars 7 Russian banks from SWIFT, but spares those in energy

    by Reuters March 2, 2022
    by Reuters March 2, 2022

    (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 …

  • Financial News

    Citigroup sets new targets; analysts remain skeptical

    by Reuters March 2, 2022
    by Reuters March 2, 2022

    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 …

  • Financial News

    U.S. says Ericsson breached 2019 deal by failing to properly disclose Iraq misconduct

    by Reuters March 2, 2022
    by Reuters March 2, 2022

    By 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 …

  • Financial News

    European bank shares halt slide, Russia’s Sberbank exits Europe

    by Reuters March 2, 2022
    by Reuters March 2, 2022

    By 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 …

  • Financial News

    PayPal stops accepting new users in Russia

    by Reuters March 2, 2022
    by Reuters March 2, 2022

    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 …

  • Financial News

    BoE’s Cunliffe says Russia crisis will add to risks from rates shift

    by Reuters March 2, 2022
    by Reuters March 2, 2022

    By 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 …

  • Department of Justice Press Releases

    Tennessee Woman Sentenced To 24 Months’ Imprisonment For Smuggling Narcotics Into Federal Prison

    by DOJ Press March 2, 2022
    by DOJ Press March 2, 2022

    WILLIAMSPORT- 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 …

  • Department of Justice Press Releases

    Kansas National Guard Soldier Pleads Guilty to Sexual Exploitation of a Child

    by DOJ Press March 2, 2022
    by DOJ Press March 2, 2022

    SPRINGFIELD, 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 …

  • Department of Justice Press Releases

    Providence Man Detained on Fraud Charges, Threatening a Corrections Officer

    by DOJ Press March 2, 2022
    by DOJ Press March 2, 2022

    PROVIDENCE, 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 …

  • Department of Justice Press Releases

    Leader of Wholesale Drug Distribution Network Sentenced

    by DOJ Press March 2, 2022
    by DOJ Press March 2, 2022

    ALEXANDRIA, 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 …

  • Department of Justice Press Releases

    Convicted Drug Trafficker Detained on Methamphetamine and Cocaine Trafficking Charges

    by DOJ Press March 2, 2022
    by DOJ Press March 2, 2022

    PROVIDENCE, 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 …

  • Department of Justice Press Releases

    Former TSA Officer Arrested on Federal Criminal Complaint Alleging He Attempted to Smuggle Methamphetamine Through LAX

    by DOJ Press March 2, 2022
    by DOJ Press March 2, 2022

              LOS 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 …

  • Department of Justice Press Releases

    Federal Inmate Sentenced To 12 Months’ Imprisonment For Assaulting Correctional Officer

    by DOJ Press March 2, 2022
    by DOJ Press March 2, 2022

    WILLIAMSPORT – 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’ …

  • Department of Justice Press Releases

    Logansport Man Sentenced to 70 Months in Prison

    by DOJ Press March 2, 2022
    by DOJ Press March 2, 2022

    SOUTH 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 …

  • Department of Justice Press Releases

    Bellefonte Woman Sentenced To 18 Months’ Imprisonment For Conspiracy To Commit Wire And Mail Fraud

    by DOJ Press March 2, 2022
    by DOJ Press March 2, 2022

    WILLIAMSPORT- 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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