Wells Fargo CEO expects severance expenses to exceed $750 million
By Nupur Anand NEW YORK (Reuters) – Wells Fargo CEO Charlie Scharf told investors on Tuesday he expects to book higher-than-anticipated severance expenses between $750 million to a little less than $1…
Ron DeSantis cuts dozens of staff as his 2024 campaign expenses pile up
By Gram Slattery WASHINGTON (Reuters) – Ron DeSantis’ presidential campaign said on Tuesday it had let go of 38 employees in recent weeks, or over one-third of the campaign’s staff, as the…
Business Owner Used Company Money for Gambling, Personal Expenses
NEWARK, N.J. – A business owner from Middlesex County, New Jersey, has been sentenced to one year and one day in prison for falsifying a tax return on behalf of his company.…
Toms River residents to foot legal bill for Mayor Hill’s failed three year pension fight, council votes
TOMS RIVER, NJ – Toms River Mayor Maurice “Mo” Hill’s failed pension legal battle was the matter of discussion Wednesday night at town hall at the Township Council meeting. Hill, who has…
J.B. Hunt misses estimates on weak freight demand and higher maintenance expenses
(Reuters) – J.B. Hunt Transport Services Inc reported lower-than-expected quarterly earnings on Monday, hurt by weak shipping demand, high driver wages and maintenance expenses. Shares of trucking operator fell 2.43% to…
Norfolk Southern misses quarterly profit estimates on higher operating expenses
(Reuters) – Norfolk Southern Corp reported a lower-than-expected fourth-quarter profit on Wednesday as U.S. railroad operators struggle with labor shortages, service problems and high fuel prices. The U.S. railroad industry has faced…
National Bank of Canada quarterly profit falls on higher expenses, provisions
(Reuters) – National Bank of Canada posted a lower fourth-quarter profit on Wednesday, as the Canadian lender set aside higher provisions in the face of an economic downturn. The company recorded $87…
Murrieta Man Sentenced to 5 Years in Prison for Misusing COVID-Relief Business Loans on Personal Expenses Such as Luxury Cars
LOS ANGELES – A Riverside County man was sentenced today to 60 months in federal prison for using hundreds of thousands of dollars from the Paycheck Protection Program (PPP) for personal…
Mexico’s TV Azteca Q3 net profit falls 96% on higher taxes and expenses
MEXICO CITY (Reuters) – Mexico’s TV Azteca posted a 96% annual fall in its third-quarter net profit on Tuesday, hurt largely by higher income taxes, according to a financial filing. TV Azteca,…
WWE reports additional expenses tied to Vince McMahon
(Reuters) – World Wrestling Entertainment Inc (WWE) on Tuesday disclosed additional unrecorded expenses, now totalling $19.6 million, related to former Chief Executive Officer Vince McMahon. The two additional payments, totaling to $5…
TPG to reimburse employees for abortion-related travel expenses
NEW YORK – Private equity firm TPG Inc said it will reimburse its employees for travel and lodging expenses for out-of-state abortion and reproduction care services, according to a memo to staff…
Goldman Sachs to cover U.S. employee’s travel expenses for abortions
NEW YORK – Goldman Sachs Group Inc will cover travel expenses for its U.S.-based employees who need to go out-of-state to receive abortion or gender-affirming medical care starting July 1, the banks…
Riverside County Man Found Guilty of Fraud for Misusing COVID-Relief Business Loan on Personal Expenses, Including Luxury Cars
LOS ANGELES – A Riverside County man who purported to own a pothole-repair company was found guilty by a federal jury today of fraud charges for using hundreds of thousands of…
Amazon gets rare ‘underperform’ rating on risks from higher expenses, inflation
(Reuters) – Amazon.com Inc received a rare “underperform” rating from BNP Paribas Exane on Wednesday, with the French brokerage saying the e-commerce giant faces a bumpy ride ahead due to surging inflation…
Former City of Chicago Alderman Sentenced to More Than a Year in Federal Prison for Using Political Funds To Pay Personal Expenses
CHICAGO — Former City of Chicago Alderman RICARDO MUNOZ was sentenced today to 13 months in federal prison for using money from a political fund to pay personal expenses. While serving as…
Buffalo Man Going To Prison For 10 Years For Selling Fentanyl Linked To The Death Of A Hamburg Man, Also Ordered To Pay Restitution For Funeral Expenses
CONTACT: Barbara BurnsPHONE: (716) 843-5817FAX #: (716) 551-3051 BUFFALO, N.Y. – U.S. Attorney Trini E. Ross announced today that Tyrone Green, III, 27, of Buffalo, NY, who was convicted of conspiracy to possess with intent…
Berks County Group to Pay $121,655 under the False Claims Act for Alleged Double-Billing of Home Renovation Expenses
PHILADELPHIA – Acting United States Attorney Jennifer Arbittier Williams announced that the Berks County Coalition to End Homelessness (“BCEH”) will pay $121,655 to resolve False Claims Act allegations that the public-private partnership…
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