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 …
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- Financial News
New York Fed’s Logan says staff will carefully monitor money markets
by Reutersby ReutersBy 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 …
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-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 …
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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 …
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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 Reutersby ReutersBy 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 Reutersby ReutersBy 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 …
- 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 …
- 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 …
- 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 …
- 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 …
- 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 …
- 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 …
- 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 …
- 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 …
- 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 …
- 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 …
- 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’ …
- 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 …
- 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 …