By Mathieu Rosemain and Elvira Pollina PARIS/MILAN – Vivendi took a 728 million euro ($805 million) writedown on its stake in Telecom Italia in 2021, the French media group said …
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By David Shepardson WASHINGTON – A proposed bill to fund the U.S. government’s operations through September would cut $2 billion from a COVID-19 program to boost aviation manufacturing and repair businesses. The …
- Financial News
Tesla will pay conscripted Ukrainian employees up to 3 months – CNBC
by Reutersby Reuters– Tesla Inc will give Ukrainian employees asked to defend their country at least three months of pay, CNBC reported on Wednesday, citing an e-mail from Monday by the EV …
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By John McCrank and Joice Alves NEW YORK – The euro gained more than 1% against the dollar on Wednesday as risk appetite returned to financial markets and commodity prices …
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– Hilton Worldwide Holdings Inc said on Wednesday it would suspend all new development activity in Russia and had closed its corporate office in Moscow, following the invasion of Ukraine. …
- Financial News
Third Point takes stake in Cano Health, pushes for company sale
by Reutersby ReutersBy Svea Herbst-Bayliss BOSTON -Hedge fund Third Point LLC is pushing Cano Health to put itself up for sale because the senior-care facility operator’s stock price has tumbled since it …
- Financial News
Two Russians resign from supervisory board of Dutch yacht maker Heesen
by Reutersby Reuters(Corrects spellings of Alekperov and Sukhoruchkin) By Toby Sterling AMSTERDAM -Two Russian members of the supervisory board of Dutch luxury yacht maker Heesen Yachts stepped down on Wednesday, the company …
- Financial News
Rio Tinto working to ensure access to Russian fuel for Mongolia project -exec
by Reutersby ReutersBy Ernest Scheyder HOUSTON -Rio Tinto Ltd is working to maintain steady supplies of fuel and other goods for its Mongolian copper operations from suppliers that buy from Russia and …
- Financial News
Leonardo to take into account EU defence plans when weighing units sale – unions
by Reutersby ReutersMILAN – Italy’s Leonardo will take into account the effort of European governments to build common military capabilities, when assessing options to sell two of its defence units, unions said …
- Financial News
Auto sector’s transition to EVs needs safeguards for workers, environment -panel
by Reutersby ReutersBy Ben Klayman DETROIT – Auto industry companies need to take into account their communities and workers through greater environmental protections and higher pay in the transition to electric vehicles, …
- Financial News
U.S. labor market very tight, job openings near record high in January
by Reutersby ReutersBy Lucia Mutikani WASHINGTON – U.S. job openings fell in January, but remained near record highs as worker shortages persisted, pointing to a tight labor market that will continue to …
- Featured NewsUS and World News
Biden Begged Russia And OPEC For Oil Last Year. Now He’s Just Begging OPEC
Biden Begged Russia And OPEC For Oil Last Year. Now He’s Just Begging OPEC Thomas Catenacci on March 9, 2022 President Joe Biden has shifted from asking Russian energy producers …
- Financial News
Years of low U.S. consumer energy costs wane following Russian invasion
by Reutersby ReutersBy Stephanie Kelly NEW YORK – U.S. motorists, already dealing with a steep rise in spending on fuel as the economy rebounded from the coronavirus-induced recession, are now dealing with …
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By Leika Kihara TOKYO -Japan is unlikely to slide into stagflation, a condition where rising inflation and shrinking economic growth co-exist, a senior central bank official said on Wednesday. With …
- Financial News
U.S. House panel refers Amazon to Justice Department amid competition probe
by Reutersby ReutersWASHINGTON – Five members of the U.S. House Judiciary Committee have asked the U.S. Department Of Justice (DOJ) to investigate Amazon.com Inc for “potentially criminal conduct” by the company and …
- Financial News
Ukrainian companies’ bank deposits fall 5% since Russian invasion: central bank
by Reutersby ReutersLVIV – The Russian invasion of Ukraine has caused a slowdown in economic activity that has seen 5% of deposits drain out of the bank accounts of companies in two …
- Financial News
GE’s investors look for update on supply-chain, inflationary pressures
by Reutersby ReutersBy Rajesh Kumar Singh CHICAGO – When General Electric Co’s investors gather on Thursday, they will focus on a potential hit to company profits from persistent supply-chain and inflationary woes. …
- Department of Justice Press Releases
Coffee County Man Sentenced to 40 Years in Federal Prison for Murder While Trafficking Drugs Along with Other Gun and Drug Charges
by DOJ Pressby DOJ PressMontgomery, Alabama – On March 8, 2022, Jareece Edward Blackmon, 28, from Enterprise, Alabama, was sentenced to 40 years in prison on federal gun and drug charges, including a …
- Department of Justice Press Releases
Howell Township Man Admits Subscribing to False Tax Returns
by DOJ Pressby DOJ PressTRENTON, N.J. – A Monmouth County, New Jersey, man who ran an illegal gambling business today admitted filing a false tax return, U.S. Attorney Philip R. Sellinger announced. Steven Bryce, …
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By Valentina Za MILAN – European bank stocks have lost a fifth of their value over the past month amid the Ukraine crisis. Western sanctions against Russia following its invasion …
- Financial News
Mexico inflation advances quicker than forecast, core prices stir concern
by Reutersby ReutersMEXICO CITY – Inflation in Mexico accelerated faster than expected in February, official data showed, with underlying price pressures hitting their highest level in over two decades, feeding expectations the …
- Financial News
High risk of half-percentage-point Fed rate hike in 2022, economists say
by Reutersby ReutersBy Prerana Bhat and Indradip Ghosh BENGALURU – There is a high risk the Federal Reserve will raise interest rates by half a percentage point sometime this year, according to …
- Financial News
EU hits Russia, Belarus with more sanctions, set to snub Ukraine on swift membership
by Reutersby ReutersBy Francesco Guarascio and Gabriela Baczynska PARIS/BRUSSELS -The European Union announced fresh sanctions against Russia and its ally Belarus on Wednesday but EU leaders are set to rebuff Kyiv’s appeal …
- Featured NewsUS and World News
Congress Requests DOJ Investigate Amazon For Alleged ‘Criminal Conduct’
Congress Requests DOJ Investigate Amazon For Alleged ‘Criminal Conduct’ Ailan Evans on March 9, 2022 Bipartisan members of the House Judiciary Committee sent a letter to the Department of Justice …
- Breaking NewsMaryland NewsPolice Blotter
Teen charged as murder suspect who dumped body behind Brooklyn Park funeral home
BROOKLYN PARK, MD – Anne Arundel Police have arrested an 18-year-old in connection with a homicide committed last month after the body of 19-year-old Devin Scott Freeman was found behind …