New Jersey Democrats Approve Bill to Punish Towns Fighting Affordable Housing By Withholding State Grants and Financial Aid
NJ lawmakers give housing-compliant towns first shot at state grants Trenton, NJ – New Jersey’s Democrat lawmakers are making their point clear to municipalities across the state: build high density affordable housing,…
Home Depot sales lifted by higher prices, demand from builders
By Praveen Paramasivam and Deborah Mary Sophia (Reuters) -Home Depot Inc on Tuesday surpassed estimates for quarterly results as demand from builders and higher prices helped the biggest U.S. home-improvement chain cushion…
Frontier plans capacity ramp-up in bet on recession-wary American travelers
By Rajesh Kumar Singh CHICAGO – Frontier Group Holdings Inc is targeting capacity growth of up to 20% through the decade, Chief Executive Barry Biffle told Reuters, as the budget airline pushes…
Factbox – Top-selling flavored disposable e-cigarettes
By Chris Kirkham (Reuters) – The newest generation of e-cigarettes – disposable devices, often in sweet flavors – now accounts for one-third of U.S. e-cigarette retail sales, up from less than 2%…
New ‘candy’ e-cigs catch fire after U.S. regulators stamp out Juul’s flavors
By Chris Kirkham, Arriana McLymore and Gigi Zamora RALEIGH, N.C. – Since 2016, the U.S. Food and Drug Administration has sought to crack down on fruity, sweet-flavored e-cigarettes that hook teenagers on…
Exclusive: Wall Street revives Russian bond trading after U.S. go-ahead
By Davide Barbuscia NEW YORK – Several major Wall Street banks have begun offering to facilitate trades in Russian debt in recent days, according to bank documents seen by Reuters, giving investors…
Ohio Man Pleads Guilty to Structuring Financial Transactions
HUNTINGTON, W.Va. – An Ohio man pleaded guilty today to structuring financial transactions to evade reporting requirements. According to court documents and statements made in court, Gary McComas, 26, of Chesapeake, Ohio,…
Jewellery maker Pandora goes big on lab-made diamonds with North American launch
COPENHAGEN – Pandora, the world’s largest jewellery maker, said on Tuesday it would move ahead with its bet on lab-made diamonds, following its announcement last year to stop selling mined diamonds. Copenhagen-based…
Apple sets Sept 5 deadline for employees to return to office – Bloomberg
(Reuters) -Apple Inc has set a Sept. 5 deadline for corporate employees to return to office at least three days a week, a Bloomberg News report said on Monday. The company, which…
Biden to sign law on Tuesday cutting most current EV credits
By David Shepardson (Reuters) – U.S. President Joe Biden will sign legislation on Tuesday that will eliminate electric vehicle tax credits for most models currently getting up to $7,500 effective. The White…
Walmart enters streaming deal with Paramount+ in race with Amazon
(Reuters) -U.S. retailer Walmart Inc on Monday struck a deal with Paramount Global to offer Paramount+ streaming service to the subscribers of its membership program in a push to better compete with…
Caste in California: Tech giants confront ancient Indian hierarchy
(This August 14 story refiles to fix typo in para 17) By Paresh Dave OAKLAND, Calif – America’s tech giants are taking a modern-day crash course in India’s ancient caste system, with…
Ukraine expects $3 billion U.S. financial aid in August
KYIV – Ukraine expects $3 billion of U.S. financial aid to arrive in August and a further $1.5 billion in September, Finance Minister Sergiy Marchenko said on Thursday. Marchenko said the payments…
Explainer-Britain and regulators square up over post-Brexit financial reform
By Huw Jones LONDON – Britain’s government proposed a far-reaching financial services law last month to exploit “freedoms” to write its own capital market rules since leaving the European Union. Approval of…
Mexico issues measures to mitigate high costs of train cargo as inflation soars
MEXICO CITY -Mexico’s government on Wednesday said it had issued so-called “emergency directives” for the transportation via train of products in a staple basket of goods with the aim of mitigating high cargo costs inflation…
Ex-workers at Malaysian supplier sue Kimberly-Clark, Ansell over alleged labour abuse
By A. Ananthalakshmi KUALA LUMPUR – Former workers at Malaysian rubber glove maker Brightway Holdings filed a lawsuit in the United States against Kimberly-Clark Corp and Ansell Ltd, accusing them of “knowingly…
Auto supplier Aptiv lowers outlook as China lockdowns, costs bite
(Reuters) -Auto parts supplier Aptiv Plc on Thursday cut its full-year profit and revenue forecast, as lockdowns in China took a bite out of quarterly results, while the industry continues to struggle…
APA Corp buys West Texas oil producing land for $505 million
By Shariq Khan and David French (Reuters) -U.S. oil producer APA Corp said on Wednesday it bought West Texas properties for $505 million during the second quarter, bolstering its position in the…
Brazil posts $5.4 billion trade surplus in July, lower than expected
BRASILIA – Brazil posted a lower than expected trade surplus of $5.444 billion in July, official data showed on Monday, with growth in imports again strongly outpacing that of exports. The figure…
Dallas Based Financial Manager Pleads Guilty to Embezzling Over $200,000 From Client
NEW ORLEANS, LOUISIANA – U.S. Attorney Duane A. Evans announced that KATIE LAROCHE, age 54, a resident of Dallas, Texas, pleaded guilty as charged on July 27, 2022 to a one-count bill…
Dallas Based Financial Manager Pleads Guilty to Embezzling Over $200,000 From Client
NEW ORLEANS, LOUISIANA – U.S. Attorney Duane A. Evans announced that KATIE LAROCHE, age 54, a resident of Dallas, Texas, pleaded guilty as charged on July 27, 2022 to a one-count bill…
Japan’s Mizuho Financial reports 36% drop in Q1 net profit
TOKYO – Mizuho Financial Group Inc, Japan’s third-largest lender by assets, reported on Friday a 36% drop in first-quarter net profit from a year ago when earnings were boosted by tax-related gains.…
Ex-JPMorgan traders’ racketeering trial draws to close
By Jody Godoy (Reuters) -Three former JPMorgan Chase & Co employees began delivering their final defense against conspiracy and racketeering charges on Thursday, with an attorney telling jurors that ex-traders who cooperated…
Planning for auction to settle Russian CDS to resume Monday
NEW YORK -A derivatives committee said it will meet again on Monday to resume preparations for an auction to settle credit default swaps linked to Russia’s foreign sovereign debt, according to a…
Chief Financial Officer Of Global Public Relations Firm Pleads Guilty To Fraud And Falsification Of Corporate Records
Damian Williams, the United States Attorney for the Southern District of New York, announced today that FRANK OKUNAK, the former chief financial officer of one of the world’s leading global public relations…
Exclusive: Business payments firm Billtrust up for sale – sources
By David French NEW YORK – BTRS Holdings Inc, the owner of business payments vendor Billtrust, is exploring options that include a potential sale, according to people familiar with the matter. The…
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