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,…
Cytovia Therapeutics Appoints Luca Scavo as Chief Financial Officer and James Priour as Chief Product Officer
“In the past year, Cytovia has graduated into a fully-integrated global biotech with R&D and cell manufacturing capabilities. As we advance our product candidates towards clinical trials and prepare to become a public…
Story on IBM ceasing operations in Russia is withdrawn
(Reuters) – A Reuters story quoting Russia’s RIA Novosti as saying IBM will cease operations in Russia is withdrawn. IBM made the announcement on March 7. There will be no substitute story.…
Maryland U.S. Attorney’s Office Joins with State and Non-Profits to Combat Elder Financial Abuse
Baltimore, Maryland – The U.S. Attorney’s Office is partnering with Project SAFE and the PROTECT Week Coalition to help seniors in Maryland avoid falling victim to financial exploitation. PROTECT Week, held June…
Amarin to slash jobs as generic rivals dull U.S. prospects of heart drug
(Reuters) -Amarin Corp Plc said on Monday it would cut its workforce by 40%, as the drugmaker’s fish-oil derived heart drug faces stiff competition from generic rivals in the United States. About…
Congo auditor says $400 million went missing from state mining company
By Stanis Bujakera and Aaron Ross KINSHASA – More than $400 million in tax advances and loans that Democratic Republic of Congo’s state mining company Gecamines said it paid to the national…
Hylan Names Crystal DeNatale as Chief Financial Officer
Hylan Welcomes Back a Familiar Face as New CFO HOLMDEL, N.J., June 2, 2022 — Hylan, a market leading provider of specialized communications engineering, construction, and infrastructure services, announces today that Crystal DeNatale will…
China’s draft cybersecurity rules pose risks for financial firms, lobby group warns
By Selena Li HONG KONG – China’s proposed cybersecurity rules for financial firms could pose risks to operations of western companies by making their data vulnerable to hacking, among other things, a…
Embraer still working with 22 KC-390 orders from Brazil Air Force
By Gabriel Araujo GAVIAO PEIXOTO, Brazil -Brazil’s Embraer SA is still working with a figure of 22 orders from the Brazilian Air Force for the KC-390 aircraft, its head of Defense &…
Leonardo shareholders reject liability action against CEO
By Giulia Segreti ROME -Shareholders in Italy’s Leonardo on Tuesday rejected a proposal by activist investor Bluebell Partners to start a liability action against the defence group’s chief executive Alessandro Profumo. “The…
UAE’s ADQ to invest $10 billion in projects with Egypt, Jordan – WAM
(Reuters) -Abu Dhabi state holding firm ADQ will allocate $10 billion in investment for projects with Egypt and Jordan, the United Arab Emirates’ state news agency WAM reported on Sunday, citing the…
Former Aequitas Senior Executive and Chief Financial Officer Pleads Guilty to Making False Statements to a Creditor
PORTLAND, Ore.—A former senior executive and chief financial officer of Aequitas Management, LLC, and several other entities formerly owned by Aequitas, pleaded guilty today to submitting a false statement to an Aequitas…
Former Financial Advisor from Berks County Convicted of Fraud, Money Laundering for Scheme to Steal from Clients
PHILADELPHIA – United States Attorney Jennifer Arbittier Williams announced that Jason Weigand, 51, of Sinking Springs, PA, was convicted at trial on thirty counts involving multiple charges of fraud, money laundering and…
The National Credit Union Administration Has Given The Green Light for a New Charter Application for Diverge, a Proposed Federal Credit Union. This New Credit Union Will Improve Access to Affordable Banking Products and Provide a Financial Home for Historically Unbanked People.
First Step Alliance, a New Jersey 501(c)(3) non-profit organization working on behalf of formerly incarcerated individuals, has been approved as a Membership Association for Diverge. FORT LEE, N.J., May 25, 2022 — The National…
Westpac to sell one financial advisory business, merge unit’s funds with Mercer Super Trust
(Reuters) – Westpac Banking Corp said on Thursday it would sell one of its financial advisory businesses, Advance Asset Management, to pension fund Mercer Australia, as part of the bank’s ongoing push…
Owner of the Taxman Financial Services Sentenced to Three Years in Prison for Aiding in Filing False Taxes
NEW ORLEANS – U.S. Attorney Duane A. Evans announced that LEROI G. JACKSON, age 50, of New Orleans, was sentenced by U.S. District Judge Susie Morgan to three (3) years in prison…
Fed funds rate above 1.75% ‘too restrictive’ as financial conditions deteriorate – Guggenheim’s Minerd
By Divya Chowdhury and Lisa Pauline Mattackal DAVOS, Switzerland – The U.S. Federal Reserve may be forced to rethink its hawkish stance as it hikes interest rates in the face of a…
HeidelbergCement gets more ambitious on CO2 cuts, sets financial targets
FRANKFURT – HeidelbergCement, the world’s No. 2 cement maker, said on Tuesday it aimed to cut carbon dioxide (CO2) emissions by almost 50% by 2030 compared with 1990, part of an industry-wide…
Crypto markets may pose risks to wider financial stability, ECB warns
By Francesco Canepa and Tom Wilson FRANKFURT -Cryptocurrencies will pose a risk to financial stability if the emerging sector maintains its rapid growth of the last two years and financial firms deepen…
Brazil set to make another 10% cut in import tax rates
BRASILIA -Brazil’s government announced on Monday a new 10% reduction in the tax rate for import goods on a large part of products purchased abroad, aiming to reduce inflationary pressures. The economy…
Shares in Deutsche Euroshop surge in pre-market trade on takeover offer
BERLIN – Shares in Deutsche Euroshop jumped 31.2% in Lang & Schwarz pre-market trade on Monday after a consortium of bidders offered 1.4 billion euros ($1.48 billion) to acquire the German shopping…
Former Chief Financial Officer Sentenced to 33 Months in Federal Prison for $2,400,000 Investment Fraud Scheme
United States Attorney Richard G. Frohling announced that on May 19, 2022, Jeremy Arrington (age: 44) of Middleton, Wisconsin, was sentenced to 33 months in federal prison for carrying out a $2.4…
India’s Jet Airways allowed to fly again
NEW DELHI – India’s Jet Airways said on Friday the country’s aviation regulator has cleared it to resume operation of commercial flights. Once India’s biggest private carrier, Jet stopped flying in April…
Firefighter arrested for Transporting and Harboring Non-Citizens for financial gain
SAN JUAN, Puerto Rico – On May 18, 2022, a federal grand jury returned an indictment charging Pedro Rafael Rodríguez-Garnier, 54, of Cabo Rojo, Puerto Rico, with transporting and harboring illegal aliens.…
Union Financial Secretary Charged with Stealing Union Funds
NEW ORLEANS, – BRIAN GERALD, age 50, a resident of Franklinton, Louisiana, was charged today in a one count indictment for embezzling assets of a local labor union in violation of Title…
Factbox-Western financial sanctions on Russia
LONDON – The West has imposed an unprecedented package of sanctions on Russia, its top companies and its business and political elite in response to Moscow’s invasion of Ukraine. The measures have…
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