(Reuters) – Citigroup Inc could record losses of more than $50 million after a London-based employee’s fat-finger trade caused a flash crash in European stocks last month, Bloomberg Law reported …
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Featured NewsTop HeadlinesUS and World News
The US Hasn’t Built A Major Oil Refinery In Nearly 50 Years. Here’s Why
The US Hasn’t Built A Major Oil Refinery In Nearly 50 Years. Here’s Why Thomas Catenacci on May 30, 2022 U.S. petroleum refining capacity has declined and few plants have …
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Department of Justice Press Releases
Gary Man Sentenced to 50 Months in Prison
by DOJ Pressby DOJ PressHAMMOND- Courtney Lewis, 41 years old, of Gary, Indiana, was sentenced by United States District Court Judge Philip P. Simon on his plea of guilty to being a felon in …
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Financial News
Hyundai Motor Group to invest $50 billion in S.Korea through 2025
by Reutersby ReutersSEOUL – Hyundai Motor Group said on Tuesday it plans to invest 63 trillion won ($49.86 billion) in South Korea through 2025 to strengthen its competitiveness in different business fields, …
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(Reuters) – Russia is cutting the proportion of foreign currency revenues that exporters must convert into roubles to 50% from 80%, the finance ministry said on Monday, after the policy …
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Department of Justice Press Releases
Spokane Resident Pleads Guilty to Fraudulently Obtaining More Than $50,000 in COVID-19 Relief Funds
by DOJ Pressby DOJ PressSpokane, Washington – Vanessa R. Waldref, the United States Attorney for the Eastern District of Washington, announced today that Roshon Edward Thomas, 52, of Spokane, Washington, has pleaded guilty to …
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Department of Justice Press Releases
Florida Man Sentenced To 120 Months In Prison For Role In $50 Million Health Care Fraud And Kickback Scheme
by DOJ Pressby DOJ PressNEWARK, N.J. – A Florida man was sentenced today to 120 months in prison for his role in a health care fraud and kickback scheme, U.S. Attorney Philip R. Sellinger …
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Financial News
Trump’s social media app may raise up to $50 million before deal closes -filing says
by Reutersby ReutersBy Echo Wang (Reuters) – Former U.S. President Donald Trump’s new social media venture disclosed in a regulatory filing on Monday it may raise up to $50 million through convertible …
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Business News
NewYork-Presbyterian Announces $50 Million Gift from the Jane and Daniel Och Family Foundation to Expand World-Class Och Spine Care Across the New York Metro Area
by Your Newsby Your NewsBuilds on the original 2017 donation from the Ochs that transformed the way spine care is delivered Brings together dedicated spine care specialists from two acclaimed medical schools: Columbia University …
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KYIV – Ukraine hopes to grow export capacity by 50% in the next few months by expanding facilities on its western border, but it will still be far short of …
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Featured NewsTop HeadlinesUS and World News
Democrats Try To Legalize Third Trimester Abortion In All 50 States
Democrats Try To Legalize Third Trimester Abortion In All 50 States Laurel Duggan on May 5, 2022 Democrats are trying to ram through a bill which would legalize abortion nationwide, …
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Financial News
Honda to slash production by 50% at domestic plant in early May
by Reutersby ReutersTOKYO – Honda Motor Co is planning to cut production by about 50% on two lines of one of its domestic factories in early May due to chip shortages and …
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Department of Justice Press Releases
Virginia equipment company owner sentenced, fined $50,000 for role in scheme to defraud Roundup coal mine
by DOJ Pressby DOJ PressBILLINGS — A Virginia equipment company owner who admitted to defrauding Signal Peak Energy, LLC, which operates a coal mine near Roundup, of nearly $250,000 in an equipment purchase scheme …
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Financial News
Getlink first-quarter revenue jumps almost 50% as travel picks up
by Reutersby Reuters(Reuters) – The operator of the Channel Tunnel Getlink posted a rise of almost 50% in first-quarter revenue on Thursday, as travel in Europe gradually recovers from the pandemic. “The …
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Department of Justice Press Releases
MS-13 Gang Member Sentenced to 50 Years in Federal Prison for a Racketeering Conspiracy Involving Multiple Murders
by DOJ Pressby DOJ PressBaltimore, Maryland – Chief U.S. District Judge James K. Bredar yesterday sentenced Jose Joya Parada, a/k/a “Calmado,” age 20, to 50 years in federal prison, followed by three years of …
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Financial News
RBNZ to raise rates by 25 bps on April 13, some call for 50- Reuters poll
by Reutersby ReutersBy Devayani Sathyan and Vivek Mishra BENGALURU – New Zealand’s central bank will opt for a modest 25 basis point interest rate rise on April 13, but is set to …
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Financial News
Spain’s banking bailout fund FROB surpasses 50% stake in bad bank Sareb
by Reutersby ReutersMADRID – Spain’s state rescue fund FROB has increased its stake in the country’s “bad bank” Sareb to more than 50%, in line with a European Union order to count …
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Financial News
Citi expects revenue in Brazil to grow 50% over the next 3 years
by Reutersby ReutersSAO PAULO – Citigroup Inc expects its revenue in Brazil to grow 50% over the next three years, the chief executive of its local unit said on Tuesday, adding that …
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COPENHAGEN – Denmark’s Orsted said on Monday it had agreed to sell half of the Hornsea 2 project in Britain, which will become the world’s biggest offshore wind farm, to …
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Jobless Claims Fall To Lowest Level In Over 50 Years Harry Wilmerding on March 24, 2022 The number of Americans who filed new unemployment claims decreased to 187,000 in the …
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Financial News
Russia says it has moved over 50% of foreign aircraft to its own registry
by Reutersby Reuters– The Russian government has transferred more than 50% of foreign aircraft to Russia’s own registry as it takes measures to start using foreign aircraft located in Russia, Prime Minister …
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Financial News
Russian billionaire Moshkovich cuts stake in Rusagro to below 50%
by Reutersby Reuters– Billionaire Vadim Moshkovich, the founder and top shareholder of Russia’s Rusagro, has cut his stake in the farming conglomerate to below 50%, the London-listed company said after he was …
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Department of Justice Press Releases
Two sentenced for illegally obtaining nearly 50 tons of cheese and more
by DOJ Pressby DOJ PressBROWNSVILLE, Texas – Two women have been sent to prison following their convictions of conspiracy and committing $1.2 million in food stamp fraud, announced U.S. Attorney Jennifer B. Lowery. Ana …
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Financial News
McDonald’s says Russia store closures to cost $50 million per month
by Reutersby Reuters– McDonald’s Corp said on Wednesday the temporary closure of its 847 stores in Russia will cost the fast food chain about $50 million a month. The company said on …
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Featured NewsUS and World News
Congress passes $50 billion U.S. Postal Service relief bill
by Reutersby ReutersBy David Shepardson WASHINGTON -The U.S. Senate voted overwhelmingly on Tuesday to provide the long loss-making Postal Service (USPS) with about $50 billion in financial relief over a decade and …