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‘He Has The Political Mandate’: Companies Scramble To Respond To Trump’s ‘Beautiful’ Tariff Hikes
Companies are scrambling to respond to President-elect Donald Trump’s “beautiful” tariff proposals that his administration may seek to enact early in his second term. Proactive steps that companies are taking to evade…
Even Democrats Are Wondering Why The Biden Admin Isn’t Blacklisting Chinese Solar Companies Over Slave Labor
Even Democrats Are Wondering Why The Biden Admin Isn’t Blacklisting Chinese Solar Companies Over Slave Labor Jack McEvoy on July 13, 2022 Democratic lawmakers wrote a letter to U.S. customs officials asking…
Acorn Growth Companies’ Portfolio Company Aerospares 2000 announces its merger with Sentry Aerospace
Aerospares 2000 Limited, an Acorn Growth Company, today announced its merger with Sentry Aerospace Corporation. Tweet this “Sentry is a leader in the aerospace aftermarket with a highly focused stocking strategy, deep…
CEO of Dozens of Companies and Entities Charged in Scheme to Traffic an Estimated $1 Billion in Fraudulent and Counterfeit Cisco Networking Equipment
NEWARK, N.J. – A federal grand jury has indicted a Florida man for allegedly orchestrating a scheme over many years to traffic in counterfeit Cisco networking equipment with an estimated retail value…
Factbox: Western companies in Russian oil and gas sector
MOSCOW – President Vladimir Putin has signed a decree to seize full control of Sakhalin-2 gas and oil project in Russia that could force out Shell and Japanese investors, Moscow’s latest broadside…
EU countries, lawmakers agree on rules to curb subsidised foreign companies
BRUSSELS – EU countries and EU lawmakers on Thursday agreed on rules to curb acquisitions or bids for public contracts by subsidised foreign companies in a bid to ensure a level playing…
Diesel Trucking Companies Conspire to Violate Clean Air Act
Denver – The United States Attorney’s Office for the District of Colorado announces that Pro Diesel Inc. and Endrizzi Diesel, LLC were sentenced this month for conspiring with a Colorado-based diesel shop…
Companies cut spending, jobs as outlook grows less certain
By Medha Singh (Reuters) – Executives at electric car marker Tesla, drug maker Novartis and retailer Bed Bath and Beyond are cutting spending or jobs while others are shelving projects or deals…
U.S. power companies face supply-chain crisis this summer
By Scott DiSavino (Reuters) – U.S. power companies are facing supply crunches that may hamper their ability to keep the lights on as the nation heads into the heat of summer and…
Five more companies will show political spending – New York’s DiNapoli
By Cole Horton (Reuters) – Five additional U.S.-based companies have agreed to disclose their political spending under agreements reached with the New York State Common Retirement Fund, state Comptroller Thomas DiNapoli said…
Uber, Lyft drivers claim price-fixing in lawsuit against companies
By Mike Scarcella (Reuters) – A group of drivers for Uber Technologies Inc and Lyft Inc on Tuesday accused the companies of unfairly controlling how much passengers are charged for rides in…
Portugal picks companies for $8 billion investment in green projects
By Sergio Goncalves LISBON – Portugal has picked 51 consortia to invest a total of 7.57 billion euros ($8 billion) in green and other innovative projects over the next four years as…
Oil Companies Unload On Biden After His Thinly-Veiled Threats
Oil Companies Unload On Biden After His Thinly-Veiled Threats Thomas Catenacci on June 16, 2022 Oil companies responded in force after President Joe Biden threatened executive action over U.S. refinery capacity declines.…
Factbox: Companies sell their businesses in Russia
(Reuters) – Some Western companies have agreed to sell their Russian assets or hand them over to local managers as they scramble to comply with sanctions over the Ukraine conflict and deal…
U.S. pressures Iran by targeting Chinese, UAE companies
By Arshad Mohammed and Daphne Psaledakis WASHINGTON -The United States imposed sanctions on Thursday on Chinese and Emirati companies and on a network of Iranian firms that help export Iran’s petrochemicals, a…
Owner and Operator of Telemedicine and Telemarketing Companies Sentenced to 14 Years for $20 Million Fraud Scheme and $4 Million Tax Evasion
Miami, Florida – A Florida man was sentenced today to 14 years in prison for health care and wire fraud that cost Medicare more than $20 million dollars, and for evading taxes.…
Biden Threatens Oil Companies For Not Refining More Gasoline — There’s Just One Problem
Biden Threatens Oil Companies For Not Refining More Gasoline — There’s Just One Problem Thomas Catenacci on June 15, 2022 UPDATE: This article has been updated to include comments from Shell spokesperson…
New Orleans Woman Sentenced for Conspiring to Stage Automobile Accident in Order to Defraud Insurance and Trucking Companies
NEW ORLEANS, LOUISIANA – United States Attorney Duane A. Evans announced that ISHAIS PRICE (“PRICE“), age 41, of New Orleans, Louisiana, was sentenced today for Conspiracy to Commit Mail Fraud, in violation…
Canada wants companies to report cyber attacks and hacking incidents
OTTAWA – Canadian businesses operating in critical infrastructure sectors would be required to report cyber attacks to the federal government and would have to fortify their cyber systems under a new law…
Asian companies’ profits drop for first time in 7 quarters
By Gaurav Dogra and Patturaja Murugaboopathy (Reuters) – Earnings by Asian companies in March declined for the first time in seven quarters, dented by slowing demand due to lockdowns in China and…
Facing record inflation, Biden chides Exxon, oil companies for profits
By Trevor Hunnicutt and Jarrett Renshaw LOS ANGELES -U.S. President Joe Biden on Friday accused the U.S. oil industry, and Exxon Mobil Corp in particular, of capitalizing on a supply shortage to…
US Solar Companies Rip White House For Helping CCP, Consider Legal Action
US Solar Companies Rip White House For Helping CCP, Consider Legal Action Thomas Catenacci on June 8, 2022 Domestic solar panel manufacturers accused President Joe Biden of aiding the Chinese state-run solar…
Russia softens capital controls to allow companies to transfer forex overseas
(Reuters) – Russia on Tuesday said export-focused companies can transfer foreign currency to accounts overseas under certain conditions in a move aimed at helping to pay for imports and to dampen the…
Orange County Man Agrees to Plead Guilty to Federal Charges for Obtaining More Than $5 Million in COVID Loans for Sham Companies
LOS ANGELES – An Orange County man has agreed to plead guilty to federal criminal charges that he fraudulently obtained more than $5 million in COVID-relief loans for three sham companies.…
Orange County Man Agrees to Plead Guilty to Federal Charges for Obtaining More Than $5 Million in COVID Loans for Sham Companies
LOS ANGELES – An Orange County man has agreed to plead guilty to federal criminal charges that he fraudulently obtained more than $5 million in COVID-relief loans for three sham companies.…
Connecticut Companies Pay $5.2 Million to Resolve Allegations of False Claims Act Violations Concerning Fraudulently Obtained Small Business Contracts
Vanessa Roberts Avery, United States Attorney for the District of Connecticut, today announced that Numet Machining Techniques, LLC (“Numet”), Numet Industries, Inc., KCO Numet, Inc., and Kidd & Company, LLC (collectively the…
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