CHICAGO — An ongoing federal investigation into an alleged fraud scheme at a Chicago elementary school has resulted in charges against two new defendants. An eleven-count superseding indictment unsealed today …
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Department of Justice Press Releases
Laconia Man Pleads Guilty to Methamphetamine Trafficking and Firearm Charges
by DOJ Pressby DOJ PressCONCORD – Dylan Miles, 28, of Laconia, pleaded guilty on Tuesday in federal court to conspiracy to distribute methamphetamine and possession of a firearm …
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Department of Justice Press Releases
Former Defense Contractor Executive Pleads Guilty to Tax Evasion
by DOJ Pressby DOJ PressWASHINGTON – An Ashland, Oregon, employee of a defense contractor pleaded guilty today in the U.S. District Court for the District of Columbia to …
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Department of Justice Press Releases
Twin Brothers Facing Federal Charges for Allegedly Obtaining Over $1 Million in Covid-19 Loans and Unemployment Insurance Benefits
by DOJ Pressby DOJ PressGreenbelt, Maryland – A federal criminal complaint has been filed charging Jerry Phillips, age 24, of Temple Hills, Maryland, for the federal charges of wire fraud and aggravated identity theft; …
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Department of Justice Press Releases
Billings man sentenced to two years in prison for cocaine trafficking, promoting prostitution
by DOJ Pressby DOJ PressBILLINGS — A Billings man who admitted to trafficking cocaine and promoting prostitution in the community by setting up a commercial sex date for an individual was sentenced today to …
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FRANKFURT – The European Central Bank does not have to stick to a fixed size or frequency of interest rates hikes as these will depend on inflation, the bank’s chief …
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Department of Justice Press Releases
Hustlas Don’t Sleep Member Sentenced to 10 Years in Federal Prison
by DOJ Pressby DOJ PressPITTSBURGH, PA — A former resident of Wilkinsburg, Pennsylvania has been sentenced in federal court to ten years’ imprisonment and six years of supervised release on his conviction of violating …
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Department of Justice Press Releases
New Florence Man Sentenced to 5 Years in Prison for Possessing Methamphetamine and Fentanyl
by DOJ Pressby DOJ PressJOHNSTOWN, Pa. – A former resident of New Florence, PA, has been sentenced in federal court to a total of 60 months in prison followed by 4 years’ supervised release …
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Department of Justice Press Releases
Central Florida Gang Member Sentenced To 10 Years In Federal Prison For Possession Of Cocaine
by DOJ Pressby DOJ PressOrlando, Florida – U.S. District Judge Anne C. Conway has sentenced Carlo Dorelli (36, O’Brien) to 10 years in federal prison for possession of cocaine with intent to distribute it. …
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Department of Justice Press Releases
Eight Defendants Charged In Manhattan Federal Court For Distributing Fentanyl Linked To Multiple Overdose Deaths In The Bronx
by DOJ Pressby DOJ PressDamian Williams, the United States Attorney for the Southern District of New York, Timothy Foley, the Acting Special Agent in Charge of the Drug Enforcement Administration’s New York Division (“DEA”), …
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Department of Justice Press Releases
Jamaican Man Convicted Of Obstructing His Deportation
by DOJ Pressby DOJ PressJacksonville, Florida – A federal jury has found an unidentified Jamaican man, who was charged as John Doe, guilty of three counts of obstructing his deportation. Doe faces a maximum …
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Department of Justice Press Releases
California Man Sentenced to 30 Years in Prison for Large-Scale Fentanyl Analogue Pill Mill Operation
by DOJ Pressby DOJ PressTRENTON, N.J. – A California man was sentenced today to 360 months in prison for conspiracy and manufacturing, distributing, and possessing with intent to manufacture and distribute a fentanyl analogue, …
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Financial News
Tel-Aviv based quantum computer software startup Classiq raises $33 million
by Reutersby ReutersBy Jane Lanhee Lee OAKLAND, Calif – Quantum computer software startup Classiq based in Tel-Aviv said on Thursday it raised $33 million from the investment arms of Hewlett Packard Enterprise …
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-Wells Fargo & Co on Thursday said the bank’s ultimate goal to reach a 15% return on tangible equity may be more achievable as rates grow, even if a $1.95 …
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Business NewsFinancial NewsTech and GamingUS and World News
Biden Admin Investigating 416,000 Tesla Vehicles For Brake Problems
The National Highway Traffic Safety Administration (NHTSA) is investigating over 400,000 Tesla vehicles for unexpected brake activation following a series of recalls by the electric car company. The investigation stems …
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Financial News
Palantir margins to take hit from higher spending in commercial push
by Reutersby ReutersBy Chavi Mehta -Palantir Technologies Inc missed quarterly profit estimates and forecast weaker margins on Thursday, as the data analytics software company boosts spending to rebuild its platform and bolster …
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Financial News
Fed’s Bullard repeats call for 1 percentage point in rate increases by July 1
by Reutersby Reuters-The U.S. Federal Reserve should implement a full percentage point of rate increases over its next three meetings between now and July 1, St. Louis Fed president James Bullard said …
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Financial News
DoorDash shares surge on revenue beat, stand out among pandemic darlings
by Reutersby ReutersBy Medha Singh and Bansari Mayur Kamdar – Shares of DoorDash Inc surged 16.5% on Thursday after the food-delivery company beat estimates for quarterly revenue, a rare bright spot among …
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Financial News
Odd steering wheel and controls trip up Tesla, rivals -Consumer Reports
by Reutersby ReutersBy Joseph White DETROIT – Automakers are adopting new technology and designs for vehicle controls faster than ever, but that does not always make consumers happy, according to a new …
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Financial NewsPolitics
Exclusive-Sen. Warren, others urge U.S. Justice Dept to oppose Sanderson chicken deal if antitrust violation found
by Reutersby ReutersWASHINGTON -Senator Elizabeth Warren, backed by some dozen other U.S. lawmakers, told the Justice Department that a plan to merge chicken producer Sanderson Farms with smaller rival Wayne Farms “raises …
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By Michelle Conlin NEW YORK -Private equity firms are increasingly investing in behavioral services for troubled youth, according to a new report released on Thursday by the nonprofit Private Equity …
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By Corina Pons and Belén Carreño MADRID – When Spain’s decade-long housing boom spectacularly bust in 2008, some 1.8 million jobs vanished and a nation littered with cranes and building …
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Financial News
Nestle says “low interest” in broad consumer health care portfolio
by Reutersby ReutersZURICH – Nestle wants to focus on nutrition and metabolism for its health science business rather than building a broad health care portfolio, its chief executive told investors on Thursday. …
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Financial News
NatWest faces $2.7 million-plus damages claim after dismissing banker with cancer
by Reutersby ReutersBy Kirstin Ridley LONDON – NatWest Group is facing a 2 million pound-plus ($2.7 million) compensation claim after a London tribunal ruled it had discriminated against an employee and unfairly …
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Financial News
U.S. housing starts fall in January amid freezing weather; permits surge
by Reutersby ReutersWASHINGTON – U.S. homebuilding fell more than expected in January as many parts of the country experienced freezing temperatures, but a surge in permits suggested a rebound in the coming …