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,…
Insurer NN Group plans 1 billion euros share buyback as demand remains strong
AMSTERDAM – Dutch insurer NN Group on Thursday announced a 1 billion euros ($1.14 billion) share buyback, as demand for insurance remained strong in the second half of last year, driven by…
Honduras’ Congress approves $2 billion in borrowing under new leader
TEGUCIGALPA – Congress in Honduras has authorized the government to borrow up to $2 billion in 2022 and 2023 in domestic and foreign debt under a fiscal and financial emergency decree aimed…
NY attorney general fires back at Trump’s defense of financial statements
By Karen Freifeld – New York’s attorney general on Wednesday pounced on former President Donald Trump’s defense of company’s financial statements, saying the five-page statement Trump issued a day earlier contradicted a…
Jana Partners launches proxy fight at Zendesk, nominates four to board
By Svea Herbst-Bayliss BOSTON – Jana Partners has nominated four directors to the board of Zendesk, arguing the company must be rehabilitated after an unpopular attempt to buy Momentive Global, parent of…
Canadian Woman Forced to Shut Down Her Ottawa Cafe After Receiving Violent Threats After Name Found in Leaked GiveSendGo Hack
A woman who donated to the Freedom Convoy, a group of truckers and individuals protesting Canada’s vaccine mandates and COVID-19 restrictions, was forced to close her gelato store after her information was…
Turkey gets $3 billion in first dollar debt sale since lira crash
By Yousef Saba DUBAI -Turkey sold $3 billion in Islamic bonds on Wednesday, in its first U.S. dollar-denominated debt sale since September, before unorthodox rate-cutting despite high inflation sent the lira into…
Shopify sees slowing revenue growth, higher spending; shares tank
-Canada’s Shopify Inc on Wednesday forecast a slowing pace of revenue growth in the first half of the year, and said it was ramping up spending on a network of fulfillment centers,…
Kraft Heinz plans more price hikes as sales, earnings beat estimates
By Deborah Mary Sophia and Mehr Bedi -Kraft Heinz Co said on Wednesday it would raise the prices of its snacks and condiments further to counter soaring costs of raw materials and…
Canadian inflation hits fresh 30-year high in January, rate hikes loom
By Julie Gordon and Ismail Shakil OTTAWA -Canada’s annual inflation rate accelerated again in January to hit a fresh 30-year high at 5.1%, as food and housing costs continued to rise, official…
G20 finance chiefs to discuss Ukraine this week – German official
BERLIN – Finance chiefs from the Group of 20 leading economies will discuss the Ukraine crisis this week but it is unclear whether they will issue a joint statement with a political…
Crescent Energy buys EP Energy’s Uinta oil and gas assets for $815 million
– Oil and gas producer Crescent Energy said on Wednesday it would buy around 145,000 net acres of oil- and gas-producing assets in the Uinta Basin of Utah from privately owned Verdun…
Low risk of sovereign rating pressures from Ukraine tensions, Moody’s says
By Marc Jones LONDON – The risk of material credit rating pressures from the current tensions between Russia and Ukraine is low, Moody’s said on Wednesday, unless the situation continues for an…
German Finance Minister expects G20 to address international financial stability
BERLIN – Finance chiefs from the Group of 20 major economies will address international financial stability at their meeting this week and reference to the issue can be expected in the final…
Britain’s financial sector wants more time for new ‘duty of care’
By Huw Jones LONDON – Banks and financial advisers in Britain have called for more time to introduce a new ‘duty of care’, a landmark change in consumer protection to combat mis-selling…
Tight supplies lift Mideast and Russian crude grades to multi-year highs
By Florence Tan SINGAPORE -Middle East benchmark Dubai crude soared to a record this week while spot premiums for April-loading Russian oil jumped to their highest in more than two years in…
Ukraine’s Metinvest to invest $1 billion in new production facilities in 2022
KYIV – Ukraine’s largest steelmaker Metinvest BV plans to invest $1 billion this year in modernisation and new production facilities, majority owner Rinat Akhmetov said on Wednesday. “We will continue to build,…
Column-Entangled fears of Fed error and Ukraine crisis: Mike Dolan
By Mike Dolan LONDON – Keen to downplay anxieties about war in Europe, global investors appear to fear a monetary policy miscalculation even more. Their problem is that two are hugely intertwined…
Turkey’s Ziraat Bank raises capital to 34.9 billion lira
ISTANBUL – The capital of Turkey’s Ziraat Bank will be raised to 34.9 billion lira ($2.57 billion) according to footnotes of the bank’s annual financial report, with the amount to be paid…
Burger King pulls Whopper off discount menu; parent RBI to hike prices
By Deborah Mary Sophia and Hilary Russ -Burger King parent Restaurant Brands International Inc said on Tuesday that it stripped its most famous sandwich, the Whopper, from discount menus and will raise…
EXCLUSIVE: Top Republicans Sound Alarm On Energy Secretary’s ‘Dubious Financial Dealings’
Republican members of the House Committee on Oversight and Reform wrote to Energy Secretary Jennifer Granholm on Monday, demanding more documentation and information after she violated federal trading law. The 12 Republicans…
Financial Manager for Puyallup steel fabrication business indicted for tax fraud
Seattle – The co-owner and financial manager of a Puyallup, Washington steel fabrication business was indicted today for nine counts of failing to pay over employment taxes, announced U.S. Attorney Nick Brown. …
Former Financial Controller Charged With Embezzling Over $1.8 Million From Multinational Technology Company Based in Montgomery County
PHILADELPHIA – United States Attorney Jennifer Arbittier Williams announced that Donna Laansma, 57, of Fairless Hills, PA, was charged by Information with wire fraud and tax evasion in connection with a scheme…
Fake New Jersey financial advisor stole $471,000 from scammed investors
TRENTON – Acting Attorney General Andrew J. Bruck announced that an unregistered investment adviser was sentenced to 3 years in state prison for stealing over $471,000 from 24 investors he recruited to invest…
Richmond Community College Director Charged with Stealing Student Financial Aid Funds
RICHMOND, Va. – A federal grand jury returned an indictment yesterday charging a Richmond woman with orchestrating a nearly decade-long scheme to defraud the United States Department of Education and the Commonwealth…
Middleboro Financial Advisor Charged in Superseding Indictment with Investment Adviser Fraud and Money Laundering
BOSTON – A Middleboro financial advisor has been charged in a superseding indictment in connection with defrauding his elderly clients and stealing the victims’ retirement assets. Paul R. McGonigle, 67, has been…
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