By Peter Eisler WASHINGTON – More than a half dozen U.S. Secret Service officers on Thursday took two men into custody from a car in Washington’s Georgetown neighborhood and removed …
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- Financial News
Citibanamex to remodel Mexican branches, open at least 50 more in $68 million expansion
by Reutersby ReutersBy Kylie Madry MEXICO CITY – Citibanamex is spending 1.4 billion pesos ($67.8 million) to remodel more than 1,200 branches in Mexico with plans to expand, a top executive said …
- Financial News
New Jersey city votes to halt licenses of gas stations tied to Russia’s Lukoil
by Reutersby ReutersBy Brendan O’Brien and Barbara Goldberg – Reflecting growing animosity across the United States toward Russia after its invasion of Ukraine, lawmakers in New Jersey’s largest city have voted to …
- Financial News
Visa to cut consumer credit fees for U.S. small businesses by 10% – document
by Reutersby Reuters– Visa Inc will lower consumer credit interchange rates for small businesses in the United States by 10%, effective next month, to help merchants recovering from the COVID-19 pandemic, according …
- Department of Justice Press Releases
United States Files Enforcement Action to Stop Deceptive Marketing of Herbal Tea Product Advertised as Covid-19 Treatment
by DOJ Pressby DOJ PressBROOKLYN, NY – The United States Attorney’s Office for the Eastern District of New York and the Department of Justice, Consumer Protection Branch, together with the Federal Trade Commission (FTC) …
- Financial News
Musk invites UAW union to hold vote at Tesla California factory
by Reutersby ReutersBy Hyunjoo Jin, Ben Klayman and Bhargav Acharya – Tesla Inc Chief Executive Officer Elon Musk said on Thursday he was inviting labor union United Auto Workers (UAW) to hold …
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By Caroline Valetkevitch NEW YORK – The euro extended recent declines and hit its lowest since 2016 against sterling on Thursday as investors worried about the impact of rising oil …
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MOSCOW – The Russian rouble slumped to new record lows against the dollar on Thursday though it closed the Moscow session little changed, after Fitch and Moody’s downgraded Russia’s sovereign …
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– Wall Street pressed on with measures to freeze investments in Russian securities on Thursday, with investors and regulators announcing new ways to reduce exposure, adding to Moscow’s financial isolation …
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By Stephanie Kelly NEW YORK – There is only one way oil prices are going to fall – by first rising even more. That is the growing consensus among Wall …
- Financial News
Mining companies may pause growth plans amid Ukraine war, inflation
by Reutersby ReutersBy Clara Denina and Praveen Menon – Flush with cash after bumper earnings, mining companies straddle a delicate balancing act as they benefit from soaring commodity prices amid the Ukraine-Russia …
- Financial News
U.S. farm incomes could see boost from grain rally – Chicago Fed
by Reutersby ReutersBy P.J. Huffstutter CHICAGO – The current rally of U.S. grain and oilseed prices could help bolster American farm incomes this year, as Russia’s invasion of Ukraine roils commodity markets …
- Financial News
Sabre, Amadeus pull Russia’s Aeroflot from ticket-booking systems
by Reutersby Reuters– Travel booking software provider Sabre Corp said on Thursday it has terminated its distribution agreement with Aeroflot, hurting the Russian flag carrier’s ability to sell tickets. Spain’s Amadeus IT …
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– Chilean retailer Cencosud on Thursday posted a fourth quarter net profit of $249 million, boosted by improved revenues in the countries it operates, which also include Argentina, Peru, Brazil …
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By John McCrank NEW YORK – The California Public Employees’ Retirement System, the largest U.S. pension fund, said on Thursday it has ceased all transactions in Russian publicly traded equity …
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LONDON – JPMorgan said on Thursday it expected Russia’s economy to contract 35% in the second quarter and 7% in 2022 with the economy suffering an economic output decline comparable …
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By Jonathan Stempel NEW YORK – Ben & Jerry’s was sued on Thursday by its longtime Israeli ice cream manufacturer, which said the company illegally severed their 34-year relationship after …
- Financial News
As world scrambles for oil, Canadian producers reluctant to spend on growth
by Reutersby ReutersBy Nia Williams CALGARY, Alberta – The world is scrambling for oil after Russia’s invasion of Ukraine sent prices rocketing and upended global supply but producers in Canada, home to …
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By Toby Sterling AMSTERDAM – Universal Music Group NV (UMG) on Thursday reported a 19% rise in full-year core earnings for 2021, in line with expectations, due to growing revenue …
- Financial News
Rivian spares preorders from price hike to fix ‘painful’ mistake
by Reutersby ReutersBy Akash Sriram and Hyunjoo Jin – Rivian Automotive Inc has rolled back price hikes on electric vehicles booked before March 1 after facing backlash from customers following a 20% …
- Financial News
Italy’s Generali to pull out of Russia as Intesa reviews business
by Reutersby ReutersMILAN – Leading Italian insurer Generali said on Thursday it was pulling out of Russia after Moscow’s invasion of Ukraine, while Intesa Sanpaolo, Italy’s biggest bank, is reviewing its presence …
- Financial News
Brazil trade balance posts biggest February surplus in five years
by Reutersby ReutersBRASILIA – Brazil posted a $4 billion trade surplus in February, the strongest performance for the month since 2017, official data showed on Thursday, amid higher volumes and prices of …
- Financial News
Bank of Canada says “considerable space” left to hike, 50 bps move possible
by Reutersby ReutersBy Julie Gordon and David Ljunggren OTTAWA – The Bank of Canada has “considerable space” left to raise interest rates this year, Governor Tiff Macklem said on Thursday, and did …
- Breaking NewsPennsylvania NewsPolice Blotter
Father Andrew Kawecki Receives Prison Sentence For Assault Of Eleven-Year-Old Altar Boy
HARRISBURG—A Fayette County priest is heading to prison after being convicted for assaulting an alter boy. Attorney General Josh Shapiro today said in a press release that Father Andrew Kawecki …
- Financial News
GE donating $4.5 million to Ukraine relief efforts – internal memo
by Reutersby ReutersCHICAGO – General Electric Co will donate $4.5 million in medical equipment and humanitarian support for Ukraine, according to an internal staff memo. In the memo, seen by Reuters, Chief …