San Gabriel Valley Woman Pleads Guilty to Counterfeit Postage Fraud that Caused More Than $150 Million in Losses to U.S. Postal Service
Lijuan “Angela” Chen, 51, of Walnut, pleaded guilty to one count of conspiracy to defraud the United States and one count of use of counterfeit postage. Chen has been in federal custody…
Nikki Haley Still Pulling In Big Money Despite Recent Losses
Nikki Haley Still Pulling In Big Money Despite Recent Losses Robert Schmad on February 8, 2024 Nikki Haley raised $1.7 million in just two days following a string of GOP primary election…
At least 66% of jobs lost in Gaza, more losses possible, ILO says
GENEVA (Reuters) – At least 66% of jobs have been lost in Gaza since the Israel-Hamas conflict erupted in October, the International Labour Organization (ILO) said on Wednesday, warning that employment losses…
Analysis-China’s big pig breeders dig in as losses and debts mount
By Dominique Patton BEIJING (Reuters) – The biggest pig breeders in China, consumer of fully half the world’s pork, seem to have bitten off more than they can chew. Big agribusinesses have…
U.S. bank profits slow on lower noninterest income, higher realized losses
By Pete Schroeder WASHINGTON (Reuters) – U.S. banks reported Wednesday a slowdown in profits in the third quarter of the year, as lower noninterest income and higher realized losses on bank investments…
Laredo salesman sent to prison for fraud conspiracy costing HUD $1M in losses
LAREDO, Texas – A 38-year-old man was sentenced for his role in a complex mortgage fraud scheme, announced U.S. Attorney Alamdar S. Hamdani. Edmundo De La Torre pleaded guilty April 19 to…
Factbox-Rakuten Group’s losses, debt burden and financing efforts
By Anton Bridge TOKYO (Reuters) – Rakuten Group is a Japanese conglomerate centred on an e-commerce website – Rakuten Ichiba – and a suite of online financial services companies including banking, credit…
Monmouth, Ocean GOP Chairmen Trade Blame Over Election Night Losses
TOMS RIVER, NJ – The chairmen of the Monmouth County and Ocean County Republican parties exchanged barbs this week after Lakewood resident Avi Schnall defeated Republicans in a New Jersey assembly race…
Heavy Losses Highlight Night of Disaster for New Jersey State GOP
TRENTON, NJ – The days of New Jersey Republicans boasting about who is the Trumpiest Trumpster in Trumpville appear to be over as conservative Republicans lost significant races in the state on…
ECB reviews interest on government deposits to curb losses -sources
By Francesco Canepa FRANKFURT (Reuters) – European Central Bank policymakers are reviewing the interest the bank pays on government cash deposits, including a potential cut, to try and rein in mounting losses…
Boeing struggles to steer defense unit in another year of billion-dollar losses
By Valerie Insinna WASHINGTON (Reuters) – Boeing’s defense business is proving harder to turn around than executives initially predicted, with supplier errors and high manufacturing costs contributing to $1.7 billion in losses…
Nomura reassesses mainland China business plan as losses mount
TOKYO (Reuters) – Nomura Holdings said on Thursday it is reassessing its mainland China business, as losses mount at its Shanghai-based securities joint venture in another blow to the top Japanese investment…
Coal industry faces 1 million job losses from global energy transition – research
SINGAPORE (Reuters) – The global coal industry may have to shed nearly 1 million jobs by 2050, even without any further pledges to phase out fossil fuels, with China and India facing…
Samsung Q3 profit set to slump 80% as chip losses persist
By Joyce Lee SEOUL (Reuters) – Samsung Electronics’ third-quarter profit is expected to drop 80% from a year earlier as the effects of an ongoing global chip glut drive losses in what…
‘Cast A Long Shadow’: UAW Strike Costs Billions In Losses With No End In Sight
‘Cast A Long Shadow’: UAW Strike Costs Billions In Losses With No End In Sight Will Kessler on October 7, 2023 The United Auto Workers (UAW) strike has caused billions in economic…
Losses widen, cash needed at chip startup Graphcore, an Nvidia rival -filing
By Max A. Cherney (Reuters) – Artificial intelligence chipmaker Graphcore said it needed to raise cash due to widening losses, according to a filing, as Nvidia’s dominance in AI chips has chilled…
US retailers’ financial losses jump as retail crime escalates – NRF
(Reuters) – Organized crime rings in New York, San Francisco, Los Angeles and Houston are targeting retail inventories, causing more financial loss, according to a report by the National Retail Federation (NRF),…
Real estate stocks extend losses as rates soar
By Sinéad Carew (Reuters) – Shares in real estate companies fell on Friday, adding to a massive sell-off the previous day, when bond yields jumped to their highest levels in 16 years…
Arm and Instacart add to losses after lukewarm analyst reports
By Noel Randewich (Reuters) – Shares of Arm Holdings and Instacart deepened their recent losses on Friday after analysts gave lukewarm ratings to the two companies that recently held highly anticipated initial…
Fed losses breach $100 billion as interest costs rise
By Michael S. Derby NEW YORK (Reuters) – Federal Reserve losses breached the $100 billion mark, central bank data released on Thursday showed, and they’re likely to go a lot higher before…
Offshore Wind Industry Facing Massive Headwinds As Enthusiasm Dwindles, Losses Mount
Offshore Wind Industry Facing Massive Headwinds As Enthusiasm Dwindles, Losses Mount Nick Pope on September 6, 2023 The U.S. offshore wind industry has struggled in recent weeks, a development which could complicate…
China July-Aug economic losses from disasters double from first six months
By Ethan Wang and Ryan Woo BEIJING (Reuters) – China’s direct economic losses from natural disasters in July to August ballooned to 75.37 billion yuan ($10.31 billion), nearly double of losses in…
Private market insured losses from Hurricane Idalia to be $3-5 billion – Moody’s RMS
(Reuters) – Private market insured losses are expected to be between $3 billion and $5 billion due to Hurricane Idalia which struck the Big Bend region of Florida last week, the catastrophe…
Chile heavy rains likely caused over $1 billion in agriculture losses
SANTIAGO (Reuters) – Heavy rains in Chile’s central south farming region last week may have caused at least $1 billion in losses, according to estimates by authorities and the industry. The extreme…
RLI sees up to $75 million in catastrophe losses from Hawaiian wildfires in Q3
(Reuters) – Property and casualty insurer RLI Corp said on Wednesday it expects to record pretax net catastrophe losses of between $65 million and $75 million from Hawaiian wildfires in the third…
Insured losses from Maui wildfires at least $1 billion – Moody’s
LONDON (Reuters) – Moody’s Investors’ Service said on Tuesday that estimated insured losses from wildfires on Maui in Hawaii will be at least $1 billion. More than 2,000 structures were damaged or…
Breaking News
