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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…
Factbox – Companies count the cost of ditching Russia
(Reuters) – Multinationals that announced their exit from Russia, or suspension of activities there, after Moscow’s invasion of Ukraine on Feb. 24 have started to report associated losses. These are firms, listed…
China regulator publishes internal control rules for wealth management companies
SHANGHAI – China’s banking and insurance regulator on Friday published draft rules regulating internal control and management at wealth management companies. Such rules included that wealth management companies should not use funds…
N. American oil companies scramble to find workers despite boom
By Liz Hampton, Stephanie Kelly and Nia Williams (Reuters) – When Jeremy Davis was laid off from his oilfield job in Texas in 2020, he did not want to leave the industry…
Democratic Senator Says Biden Admin Shouldn’t Investigate Chinese Companies Over Alleged Tariff Violations
Democratic Senator Says Biden Admin Shouldn’t Investigate Chinese Companies Over Alleged Tariff Violations Thomas Catenacci on April 27, 2022 Democratic Nevada Sen. Jacky Rosen criticized the Biden administration for investigating Chinese solar…
Harvey Woman Sentenced for Conspiring to Stage Automobile Collision to Defraud Insurance and Trucking Companies
NEW ORLEANS, LOUISIANA – United States Attorney Duane A. Evans announced today that DONISESHA LEE, a/k/a DONISHA LEE (“DONISHA LEE”), age 32, of Harvey, Louisiana, was sentenced today for Conspiracy to Commit…
Rising energy prices push almost half German companies to cut new investments – survey
BERLIN – Around 40% of German companies are already feeling the impact of rising energy prices and almost half want to reduce investments due to rising energy costs, a survey showed on…
NorCal Man Indicted on Wire Fraud Charges Alleging He Bilked Digital Media Outfit He Ran with Fraudulent Bills from Other Companies
LOS ANGELES – A federal grand jury today indicted the former CEO of a Los Angeles-based digital media company on charges that allege he created a series of companies that defrauded…
Owners Of Behavioral Health Companies Sentenced For Medicaid Fraud
LAS VEGAS – The owners of two behavioral health companies in Las Vegas were sentenced yesterday to three years’ probation for their roles in defrauding the Medicaid health care benefit program of…
Two More Defendants Sentenced for Conspiring to Stage Automobile Accidents to Defraud Insurance and Trucking Companies
NEW ORLEANS, LOUISIANA – United States Attorney Duane A. Evans announced today that CHANDRIKA BROWN (“BROWN”), age 31, and AISHA THOMPSON (“THOMPSON“), age 44, both of New Orleans, Louisiana, were sentenced today…
Vonage Recognized on Newsweek List of America’s Most Trustworthy Companies 2022
“Trust is a foundational Vonage value that engages, guides and inspires our global team to do their best work.” Tweet this “Trust is a foundational Vonage value that engages, guides and inspires…
Russia eases FX controls for some export-focused companies
(Reuters) – The Russian central bank said on Tuesday it had decided to ease forex currency control measures for Russian export-focused companies outside the commodities and energy sectors. The mandatory sales of…
Russian companies must revoke foreign listings by May 5, central bank says
(Reuters) – Companies that are registered in Russia and have depositary receipts traded on foreign bourses must revoke them by May 5, the central bank said on Tuesday. Russian President Vladimir Putin…
El Dorado Hills Man Indicted for Fraud Against Merchant Cash Advance Companies
SACRAMENTO, Calif. — A 10-count indictment was unsealed today against Suneet Singal, 43, of El Dorado Hills, charging him with wire fraud and mail fraud, U.S. Attorney Phillip A. Talbert announced. According…
Diesel Trucking Companies Conspire to Violate Clean Air Act
Denver – The U.S. Attorney’s Office for the District of Colorado announces that Pro Diesel Inc. and Endrizzi Diesel, LLC. pleaded guilty to conspiring with a Colorado-based diesel shop to remove or…
U.S. companies load up on costly inventories as new supply snarls loom in China
By Timothy Aeppel (Reuters) – Through most of the pandemic, Kent International, Inc couldn’t import enough Chinese-made bicycles to supply Walmart Inc and its other big U.S. retail customers. But in recent…
Six Southern California Companies Ordered to Pay $1.83 Billion in Restitution for Scheming to Avoid Payment of Aluminum Duties
LOS ANGELES – Six Southern California companies today were ordered to pay $1.83 billion in restitution for participating in a conspiracy to defraud the United States through a scheme in which huge…
EU approves French scheme to support companies hit by Ukraine war
(Reuters) – The European Commission on Thursday approved a French scheme to provide up to 155 billion euros ($169 billion) in liquidity support to companies hit by the economic impact of the…
Democrat Who Proposed Fracking Ban Says Energy Companies Aren’t Producing Enough
Democrat Who Proposed Fracking Ban Says Energy Companies Aren’t Producing Enough Thomas Catenacci on April 6, 2022 Democratic Illinois Rep. Jan Schakowsky accused Big Oil companies of not producing enough energy despite…
JPMorgan allows clients to cancel depositary receipts in Russian companies- sources
By Sinead Cruise and Carolina Mandl NEW YORK – JPMorgan & Chase on Tuesday started to allow holders of depositary receipts in Russian companies to cancel them, two sources familiar with the…
Exclusive – Investors warn European companies over climate accounting
By Simon Jessop LONDON – Thirty-four investors managing more than $7 trillion in assets have warned 17 of Europe’s largest companies, including BP and Volkswagen, that they could challenge board directors over…
U.S. curbs exports to more Russian and Belarusian companies
LOS ANGELES – The Biden administration announced on Friday a new round of export restrictions against Russia and Belarus, adding 120 entities, mostly companies with links to the military, to a list…
Biden Asks Congress To Punish Oil Companies Not Drilling More
Biden Asks Congress To Punish Oil Companies Not Drilling More Thomas Catenacci on March 31, 2022 President Joe Biden asked Congress to hit oil companies with fines for not producing energy on…
Biden says U.S. oil companies sitting on record profits
WASHINGTON – President Joe Biden on Thursday accused U.S. oil companies of enjoying record profits while Americans pay high gasoline prices and said they should use the money to produce more oil…
Marrero Man Sentenced for Conspiring to Stage Automobile Accidents in Order to Defraud Insurance and Trucking Companies
NEW ORLEANS, LOUISIANA – United States Attorney Duane A. Evans announced today that DEWAYNE COLEMAN (“COLEMAN”), age 22, of Marrero, Louisiana, was sentenced today for Conspiracy to Commit Mail Fraud, in violation…
Sanctions-hit companies unlikely to get trillions in state aid, EU’s Vestager says
By Foo Yun Chee BRUSSELS – Companies affected by sanctions imposed on Russia and soaring energy costs are unlikely to get trillions of euros in state aid that businesses hit by the…
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