By Johan Ahlander and Nate Raymond STOCKHOLM -Swedish telecoms company Ericsson, its chief executive and chief financial officer have been named as defendants in a U.S. class action lawsuit for …
"business"
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- Financial News
Speculators pare bullish U.S. dollar bets to lowest since mid-Aug -CFTC, Reuters data
by Reutersby ReutersBy Gertrude Chavez-Dreyfuss NEW YORK – Speculators’ net long positioning in the U.S. dollar dropped in the latest week to the lowest level since mid-August 2021, according to calculations by …
- Department of Justice Press Releases
Two South Florida Tax Preparers Sentenced to Prison
by DOJ Pressby DOJ PressMiami, Florida – Two South Florida tax preparers were sentenced to prison yesterday for conspiring to defraud the United States and preparing false tax returns. Nikency Alexis, the owner and …
- Department of Justice Press Releases
Monmouth County Brother and Sister Arrested for Conspiring to Evade Payment of $1.5 Million in Payroll Taxes
by DOJ Pressby DOJ PressTRENTON, N.J. – A Monmouth County, New Jersey, brother and sister were arrested today on charges of tax evasion, U.S. Attorney Philip R. Sellinger announced. Enrico Cifelli, 51, of Holmdel, …
- Department of Justice Press Releases
Two Men Sentenced For Paycheck Protection Program Loan Fraud
by DOJ Pressby DOJ PressGRAND RAPIDS, MICHIGAN — U.S. Attorney Andrew Birge announced that David Kurbanov of Wyoming, Michigan, and James Williams of Dacula, Georgia, were sentenced to 36 …
- Department of Justice Press Releases
Berwick Bank Officer Charged With False Loan Applications
by DOJ Pressby DOJ PressSCRANTON – The United States Attorney’s Office for the Middle District of Pennsylvania announced today that Matthew W. Mensinger, age 48, of Berwick, Pennsylvania, was charged in a criminal information …
- Financial News
Russia blocks Facebook, passes ‘fake news’ law; LVMH, Microsoft halt sales
by Reutersby ReutersBy Elizabeth Culliford and Kate Holton -Russia said it would block Facebook for excluding state media and CNN said it would stop broadcasting in Russia after a new law punishing …
- Financial News
Apple presses U.S. lawmakers on dangers of ‘sideloading’ apps allowed by bill
by Reutersby ReutersWASHINGTON – Smartphone maker Apple has written to lawmakers to dispute assertions that its concerns about the dangers of sideloading apps into phones were overblown. Sideloading, the practice of downloading …
- Financial News
Oil surges to multi-year highs as Russian supply shortfall looms
by Reutersby ReutersBy Scott DiSavino NEW YORK – Oil surged on Friday, ending the week at multi-year highs as Russia’s invasion of Ukraine intensified and oil buyers shunned barrels from the world’s …
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By Herbert Lash NEW YORK -Data showing a vibrant U.S. jobs market strengthened the dollar and spurred commodity prices higher, but the war in Ukraine overshadowed the blowout report as …
- Financial News
McDonald’s, Pepsi, others should consider pausing Russia operations -NY pension fund
by Reutersby ReutersBy Hilary Russ NEW YORK -Major global brands, including McDonald’s Corp, PepsiCo Inc and the Estee Lauder Cos Inc, should consider pausing their operations in Russia, New York state’s pension …
- Financial News
Mexico inflation seen on the rise again in February: Reuters poll
by Reutersby ReutersMEXICO CITY – Mexico’s year-on-year inflation likely accelerated in February after cooling slightly over the previous two months, a Reuters poll showed Friday, reinforcing expectations that the central bank will …
- Financial News
Euro falls vs major currencies, dollar jumps; Ukraine conflict intensifies
by Reutersby ReutersBy Caroline Valetkevitch NEW YORK – The euro fell against major currencies and the U.S. dollar rallied on Friday as worries increased over the impact of the escalating Ukraine-Russia conflict, …
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PARIS – French luxury group LVMH will “temporarily” close its 124 stores in Russia from Sunday, a group spokesperson told Reuters on Friday. The group, which has its headquarters in …
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By Jonnelle Marte – In the two years since the COVID-19 pandemic upended the U.S. economy, the labor market has rebounded far faster than most had predicted after roughly 22 …
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By Dasha Afanasieva, Ted Hesson and Kristina Cooke – A growing number of Russians and Ukrainians are traveling to Mexico, buying throwaway cars and driving across the border into the …
- Financial News
Retailer Canadian Tire pauses Helly Hansen operations in Russia
by Reutersby Reuters– Retailer Canadian Tire Corp Ltd said on Friday it will temporarily pause the Helly Hansen brand’s operations in Russia, joining a horde of Western companies that have suspended their …
- Featured NewsFinancial News
Financial screws turned on Russia as insurers exit, London stocks halted
by Reutersby ReutersBy Carolyn Cohn and Lawrence White LONDON -Russia’s global financial isolation intensified on Friday as the London Stock Exchange (LSE) suspended trading in its last Russian securities and some insurers …
- Financial News
Analysis-Global banks face costly, arduous process to exit Russia
by Reutersby ReutersBy Matt Scuffham and Megan Davies NEW YORK – Global banks face an arduous and costly process if they decide to close businesses in Russia, banking sources and experts say, …
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– Home rental firm Airbnb Inc and online travel agency Booking Holdings Inc became the latest big global companies to suspend operations in Russia as Western sanctions build against Moscow …
- US and World News
U.S. job growth surge underscores economy’s strength as headwinds rise
by Reutersby ReutersBy Lucia Mutikani WASHINGTON – U.S. job growth accelerated in February, pushing the unemployment rate to a two-year low of 3.8% and raising optimism that the economy could withstand mounting …
- Department of Justice Press Releases
Indian National Sentenced in Tech Support Scheme that Defrauded Elderly Americans
by DOJ Pressby DOJ PressPROVIDENCE, R.I. – An Indian national who sought asylum in the United States and then played a critical role in ensuring that an international tech-support scheme succeeded in defrauding Americans, …
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By David Shepardson WASHINGTON -The National Highway Traffic Safety Administration (NHTSA) said on Friday it denied a General Motors Co request that would have allowed the automaker to avoid fixing …
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Congress Demands Answers From CCP-Friendly HSBC Bank Philip Lenczycki on March 4, 2022 Following the 2019-2020 Hong Kong protests, former CEO of HSBC Asia, Peter Tung-shun Wong, supported the National …
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SAN JUAN, Puerto Rico—US Customs and Border Protection (CBP) officers and agriculture specialist found an unwanted pest inside the passenger cabin of an aircraft arriving from Senegal to the Luis …