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,…
NextEra sees no financial impact from U.S. solar import investigation
(Reuters) – NextEra Energy Inc, the world’s biggest renewable energy company, said on Tuesday it was disappointed with the U.S. Commerce Department’s decision to open an investigation into solar panel imports from…
Exclusive-Paraguay central bank chief says 2022 inflation seen at 6%, top of tolerance range
By Daniela Desantis ASUNCION – Paraguay will end 2022 with inflation close to 6%, the country’s central bank head told Reuters on Monday, right at the ceiling of the entity’s tolerance range…
Chief Financial Officer Of Connecticut Insurance Firm Sentenced In $33 Million Scheme To Steal Client Healthcare Funds And Defraud Multiple Lenders
Damian Williams, the United States Attorney for the Southern District of New York, announced today that ERIN VERESPY was sentenced to 66 months in prison for her participation in a widespread, $33…
Orsted sells 50% of British wind farm to French consortium
COPENHAGEN – Denmark’s Orsted said on Monday it had agreed to sell half of the Hornsea 2 project in Britain, which will become the world’s biggest offshore wind farm, to a French…
Former Financial Secretary-Treasurer of UAW Local 412 Pleads Guilty to Embezzling Over $2 Million in Union Funds
DETROIT, MI – Timothy Edmunds, the former Financial Secretary-Treasurer of Local 412 of the United Auto Workers union, pleaded guilty today to embezzling $2.2 million in union funds and to money laundering,…
Ocean Gate Financial Auditing Firm Should Be Also Held Liable For Missing Decade of Theft by Mayor
OCEAN GATE, NJ – Last week, it was announced that Ocean Gate Mayor Paul Kennedy was caught stealing thousands of dollars from municipal resources in a well-orchestrated scam against the people of…
New York state pension fund to divest Russia holdings
By Jonathan Stempel NEW YORK – New York’s public pension fund, one of the largest pension funds in the United States, will divest its holdings in Russian companies following Russia’s invasion of…
Huntsman Corp beats Starboard’s board challenge, shares tumble
By Svea Herbst-Bayliss BOSTON -Hedge fund Starboard Value LP on Friday lost a fight to replace four directors at Huntsman Corp but shares of the U.S. specialty chemicals company tumbled in early…
Georgia says it will lose over $1 billion because of Ukraine
– Georgia is likely to lose $1.0 billion to $1.2 billion in economic output owing to Russia’s military intervention in Ukraine and fall short of its 6% growth target, the head of…
For a California cafe, a new lease is hope after two bad years
By Ann Saphir OAKLAND, Calif. – Last month, not quite two years after the COVID-19 pandemic sent the U.S. and world economies into their steepest downturn in decades, Chris and Amy Hillyard…
Loves Park Investment Advisor Sentenced to More Than Four Years in Prison for Financial Fraud
ROCKFORD — A Loves Park, Ill., investment advisor has been sentenced to four years and four months in federal prison for financial fraud. NASEEM SALAMAH, 41, fraudulently obtained a total of more than…
Fidelity’s Edward C ‘Ned’ Johnson 3d, who built fund giant, dies at 91
By Ross Kerber BOSTON -Edward C. “Ned” Johnson 3d, an American billionaire investor and philanthropist who as chairman of Fidelity Investments propelled the family business to a dominant place in finance for…
U.S. lawmaker Waters presses financial trade groups for details on Russia exits
By Hannah Lang WASHINGTON – Prominent U.S. lawmaker Maxine Waters has asked more than 30 financial services trade groups for information on what steps their members have taken to end business relationships…
Epoch Financial Group Appoints Katerina Dimitratos as COO
Katerina will lead the strategic efforts of the Group in improving every aspect of the business from sales, to marketing, finance, operations, and technology innovation. “Not long after hiring Katerina as Epoch…
Moderna raises full-year COVID vaccine sales forecast to $21 billion
– Moderna Inc on Thursday raised its full-year forecast for sales of its COVID-19 vaccine to roughly $21 billion from $19 billion. The company in February forecast sales of $19 billion from…
Russia looks for new baby food packaging suppliers as sanctions bite
– Russia is looking for suppliers of packaging for baby food and dairy products due to disruption in supplies caused by the Western sanctions imposed on Moscow, the country’s agriculture minister, Dmitry…
Broker TP ICAP shares jump 11% after U.S. hedge fund urges sale
– Shares of the world’s largest inter-dealer broker TP ICAP jumped as much as 11% on Wednesday after U.S. hedge fund Phase 2 Partners asked the British company to explore a sale.…
Peoples Financial Services Corp. Announces the Appointment of Elisa (Lisa) Zúñiga Ramirez to its Board of Directors
SCRANTON, Pa., March 22, 2022 — On March 4, 2022, Peoples Financial Services Corp., the holding company for Peoples Security Bank and Trust Company, is pleased to announce the appointment of Elisa…
Gary Gemignani Will Join Solta Medical Corporation As Chief Financial Officer
VAUGHAN, ON and LAVAL, QC, March 22, 2022 — Solta Medical Corporation (“Solta”), a wholly owned subsidiary of Bausch Health Companies Inc. (NYSE/TSX: BHC) (“Bausch Health”), announced that Gary Gemignani will join as…
Column-Cruel to be kind – Fed seems tempted by 1994 playbook :Mike Dolan
By Mike Dolan LONDON – Tighten hard and fast now and you might just avoid triggering recession – it seems the Federal Reserve is tempted by its own playbook from almost 30…
Exclusive-Petroperu to miss deadline for financial audit, seeks bondholder reprieve
By Marco Aquino LIMA – Peru’s embattled state-owned oil firm Petroperu will not submit its annual financial audit before the end of July, new Chief Executive Francisco de la Torre told Reuters…
Federal Jury Convicts Baton Rouge Man of Fraud Scheme and Money Laundering Relating to Financial Aid Fraud
United States Attorney Ronald C. Gathe, Jr., announced the conviction of Elliot Sterling, age 33, of Baton Rouge, Louisiana. Sterling was indicted by a federal grand jury on August 3, 2020, and…
‘Launching Financial Grownups’ shows how to raise money-smart kids
By Chris Taylor NEW YORK – When it comes to passing money smarts to children, many parents know where to start. In the beginning, they introduce kids to the concept, giving them…
Long lines for fuel across Cuba sparking concerns over supply, rationing
By Dave Sherwood HAVANA – Hours-long lines formed at gas stations in Cuba´s capital Havana on Monday after local media reported rationing of fuel in at least one province amid a biting…
JPMorgan hires David Miree from Wells Fargo to lead diversity unit – memo
– JPMorgan Chase & Co has named Wells Fargo senior executive David Miree as the global head of diversity, equity and inclusion, according to an internal memo seen by Reuters on Monday.…
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