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,…
Ukrainian Nationals Plead Guilty to Financial Crimes
Two Ukrainian nationals who provided cash-out and money laundering services to cyber actors pleaded guilty to federal crimes, announced U.S. Attorney for the Northern District of Texas Chad E. Meacham and Assistant…
‘Fear has taken the wheel’: German investor morale nosedives in July
BERLIN -German investor sentiment plunged below levels at the outset of the coronavirus pandemic in July due to major energy concerns, supply bottlenecks and rate hikes from the European Central Bank. The…
Danske cuts profit outlook due to challenging financial market conditions
(Reuters) – Danske Bank on Sunday reduced its full-year net profit outlook, hurt by rapidly rising interest rates and unfavorable financial market conditions. Danske revised net profit to 10 billion to 12…
Twitter has legal edge in deal dispute with Musk
By Tom Hals WILMINGTON, Del -Twitter Inc has a strong legal case against Elon Musk walking away from his $44 billion deal to acquire the U.S. social media company but could opt…
Zambia’s creditors seen offering financial assurances by end-July -source
By Andrea Shalal WASHINGTON – Zambia’s official creditors are expected to offer it financial assurances by the end of July, paving the way for the first debt restructuring under a G20 framework…
Abbott says it has reopened Michigan baby formula plant
By Akanksha Khushi (Reuters) – Abbott Laboratories has reopened its Sturgis, Michigan baby formula plant, which was shut last month due to heavy rains, a company spokesperson told Reuters on Saturday. Abbott…
Sun East SVP & CFO, Deborah “Deb” Cook, Recognized as a 2022 Chief Financial Officer of the Year Honoree, by Philadelphia Business Journal.
We recently sat down with Ms. Cook and asked a few questions about her experiences with Sun East and how she feels she’s made a positive impact. What has been your proudest…
Twitter vows legal fight after Musk pulls out of $44 billion deal
By Greg Roumeliotis (Reuters) – Elon Musk, the chief executive officer of Tesla and the world’s richest person, said on Friday he was terminating his $44 billion deal to buy Twitter because…
U.S. court says some Trump financial records must be handed to House panel
By Jacqueline Thomsen WASHINGTON – A U.S. appeals court on Friday largely upheld a congressional subpoena seeking financial records from former President Donald Trump’s accounting firm Mazars, but said some of the…
West Virginia Hospital to Pay $1.5 Million to Settle Allegations Concerning Impermissible Financial Relationships with Referring Physicians
WHEELING – Weirton Medical Center, a hospital located in Weirton, West Virginia, has agreed to pay $1.5 million to resolve allegations that it violated the False Claims Act by knowingly submitting or…
Cleveland Man Sentenced to Prison for Leading Conspiracy that Purchased Thousands Worth of Jewelry Using Stolen Financial Information
Hasan Howard, 23, of Cleveland, was sentenced on Wednesday, July 6, 2022, by U.S. District Judge Sara Lioi to more than six years in prison and ordered to pay $261,319.28 in restitution…
Exclusive-Pope hopes London building last Vatican financial scandal
By Philip Pullella VATICAN CITY – Pope Francis said he hoped that the recent sale of a luxury London building at the centre of an ongoing corruption trial meant the Vatican can…
Real estate giant appeals ‘each and every part’ of contempt order in New York Trump probe
By Jonathan Stempel NEW YORK – Cushman & Wakefield, which appraised several properties belonging to Donald Trump, on Wednesday appealed “each and every part” of an order finding it in contempt of…
U.S. Attorney’s Office Joins Plaza Tower Tenants to Combat Elder Financial Abuse
TYLER, Texas – The U.S. Attorney’s Office is promoting World Elder Abuse Awareness in conjunction with the Department of Justice’s Elder Justice Initiative to help seniors in the Eastern District of Texas…
Inflation turns 3% growth for German retail into 2% contraction – association
BERLIN – The German Retail Association left unchanged its forecast for the sector to grow 3% in nominal terms in 2022, but rising inflation meant that turnover would shrink by 2% in…
UK to introduce new sanctions on Belarus and Russian media
LONDON -Britain said it would on Tuesday introduce new economic, trade and transport sanctions on Belarus over its support for Russia’s invasion of Ukraine, and also sanctioned six Russians it said were…
China agrees to invest $3 billion in Indonesia sovereign wealth fund
JAKARTA – China’s Silk Road Fund (SRF) has signed an agreement to invest up to 20 billion yuan ($2.99 billion) in Indonesia’s sovereign wealth fund, the funds said on Monday, a deal…
China, HK to launch rate ‘Swap Connect’ in boost to financial integration
HONG KONG -China and Hong Kong will launch a new “Swap Connect” scheme after six months, allowing mutual access to interest rate swaps trading to promote financial derivatives markets, and also upgraded…
Musk breaks silence on Twitter, posts a picture with the pope
(Reuters) – Elon Musk on Friday night broke his nine-day silence on Twitter, the social media platform he is trying to buy for $44 billion, posting a picture of him meeting Pope…
BoE’s Bailey opposes Treasury plan to overrule financial regulators – Sky News
(Reuters) – Andrew Bailey, the governor of the Bank of England, opposes plans drawn up by Britain’s Treasury to overrule financial regulators, Sky News reported on Saturday. Bailey has expressed disquiet about…
Nigerian National Extradited and Charged with Stealing Financial Information and Bank Fraud
A Nigerian national made his initial appearance in a federal court in Cleveland today following his extradition from Ghana to the Northern District of Ohio to face charges for his alleged role…
US Chamber Of Commerce Targets Biden’s Consumer Financial Protection Bureau Director In Ad Campaign
US Chamber Of Commerce Targets Biden’s Consumer Financial Protection Bureau Director In Ad Campaign Gabe Kaminsky on June 29, 2022 The U.S. Chamber of Commerce is targeting the director of a federal…
Some Norwegian oil workers to strike from July 5, hitting 4% of oil output
By Gwladys Fouche and Terje Solsvik OSLO -Seventy-four Norwegian offshore oil workers at Equinor’s Gudrun, Oseberg South and Oseberg East platforms will go on strike from July 5, the Lederne trade union…
Manulife bids for full control of China fund JV, lured by $3.8 trln mkt -sources
By Selena Li and Samuel Shen HONG KONG/SHANGHAI -Canada’s Manulife Financial Corp moved closer toward taking full control of its funds joint venture in China after regulators there accepted an application for…
Bridgeton Family Financial Center, Check Cashing Business Robbed at Gunpoint
BRIDGETON, NJ – The Family Financial Center, a national company that serves the financial needs of underserved communities was robbed at gunpoint on Friday. According to police, at 8:33 am, officers were…
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