By Nqobile Dludla JOHANNESBURG – South African grocery and clothing retailer Pick n Pay aims to cut costs by 3 billion rand ($187 million) in the next three years and …
Million
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- Financial News
Citi, UK’s BII agree $100 million risk-sharing lending deal for Africa
by Reutersby ReutersLONDON -British International Investment (BII) and U.S. bank Citigroup Inc have signed a $100 million risk-sharing facility aimed at boosting lending to small businesses across Africa by up to four …
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DAKAR – The International Monetary Fund (IMF) and Niger have reached a staff-level agreement on a first programme review that will allow for a disbursement of about $53 million if …
- Financial News
Trump’s social media app may raise up to $50 million before deal closes -filing says
by Reutersby ReutersBy Echo Wang (Reuters) – Former U.S. President Donald Trump’s new social media venture disclosed in a regulatory filing on Monday it may raise up to $50 million through convertible …
- Department of Justice Press Releases
Washington Man Sentenced to 33 Months in Prison and Ordered to Pay $3.2 Million Dollars for Kickback Scheme
by DOJ Pressby DOJ PressSALT LAKE CITY – Nan Ma, 39, of Washington, Utah, was sentenced by a U.S. District Court Judge in St. George, Utah, to serve 33 months in federal prison for …
- Department of Justice Press Releases
Oklahoma City Hospital Pays Over $1.1 Million to Settle Allegations of Submitting False Claims to Medicare
by DOJ Pressby DOJ PressOKLAHOMA CITY – Oklahoma Heart Hospital South, LLC (“OHHS”), has paid $1,151,770.50 to settle civil claims stemming from allegations it violated the False Claims Act by submitting false claims to Medicare, …
- Department of Justice Press Releases
Starkville Man plead guilty to a scheme involving more than $6 million in COVID-Relief Fraud
by DOJ Pressby DOJ PressSTARKVILLE, Miss. – A Starkville man pleaded guilty today to one count of wire fraud in connection with a scheme to defraud the Paycheck Protection Program (PPP) of more than …
- Financial News
Sri Lanka needs $75 million in next few days for essential imports – PM
by Reutersby ReutersCOLOMBO – Sri Lanka’s prime minister said on Monday the country needed to secure $75 million in foreign exchange in the next few days to pay for essential imports, as …
- Financial News
Taliban’s first annual Afghan budget foresees $501 million deficit
by Reutersby ReutersBy Mohammad Yunus Yawar KABUL – Afghanistan faces a budget deficit of 44 billion Afghanis ($501 million) this financial year, the country’s Taliban authorities said on Saturday without clarifying how …
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(Reuters) – Ford Motor Co sold 7 million shares of electric carmaker Rivian Automotive Inc for about $188.2 million, or $26.88 apiece, the U.S. automaker said in a filing on …
- Financial News
Goldman Sachs officials reach $79.5 million shareholder settlement over 1MDB scandal
by Reutersby ReutersBy Jonathan Stempel NEW YORK – Goldman Sachs Group Inc officers and directors reached a $79.5 million settlement to resolve shareholder claims that their poor oversight contributed to the bank …
- Department of Justice Press Releases
CEO Of Private Equity Fund Sentenced To 97 Months For $133 Million Bank And Securities Fraud Scheme
by DOJ Pressby DOJ PressDamian Williams, the United States Attorney for the Southern District of New York, announced that defendant ELLIOT SMERLING was sentenced to 97 months in prison for a multi-year bank and …
- Financial News
Judge OKs $16 million fine against Kraft, Mondelez to settle CFTC complaint, agency says
by Reutersby Reuters(Reuters) – A federal judge on Friday ordered food consumer companies Kraft Heinz and Mondelez International pay a $16 million fine as part of a settlement with the U.S. Commodity …
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MIDDLETOWN, PA — One lucky scratch-off ticket won $3 million. This ticket was “my three million” and was purchased in Philadelphia. Acme Markets, on Snyder Avenue, Philadelphia, sold the winning ticket. …
- Department of Justice Press Releases
Construction Company Agrees to Pay $2.8 Million to Resolve Allegations of Small Business Subcontracting Fraud
by DOJ Pressby DOJ PressSpokane, Washington – Hensel Phelps Construction Company (Hensel Phelps), a large construction company headquartered in Greeley, Colorado, has agreed to pay $2,804,110, to resolve allegations that it improperly manipulated a …
- Business News
U.S. Bus Market Size To Cross $11,237.7 Million by 2030, says P&S Intelligence
by Your Newsby Your NewsNEW YORK, May 13, 2022 — The U.S. bus market was worth $7,453.4 million in 2021, which is projected to reach $11,237.7 million by 2030, rising at a 4.7% CAGR …
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BERLIN – Germany is planning to provide an additional 430 million euros ($446.5 million) in aid to fight world hunger, the Development Ministry said on Friday, confirming an earlier report …
- Department of Justice Press Releases
CEO Of Cryptocurrency And Forex Trading Platform Charged With Fraudulent Scheme Involving Over $59 Million
by DOJ Pressby DOJ PressDamian Williams, the United States Attorney for the Southern District of New York, and Michael J. Driscoll, Assistant Director-in-Charge of the New York Field Office of the Federal Bureau of …
- Department of Justice Press Releases
Toledo Area Physician Charged with Fraudulently Billing More Than $8.4 Million to Medicare
by DOJ Pressby DOJ PressActing U.S. Attorney Michelle M. Baeppler announced that a federal grand jury returned a six-count indictment charging Ankita Singh, 39, formerly of Maumee, Ohio, with fraudulently billing Medicare $8.4 million. …
- Financial News
KPMG faces $18 million misconduct fine for misleading regulator
by Reutersby ReutersBy Kirstin Ridley LONDON – KPMG faces a 14.4 million pound ($17.6 million) fine after admitting it misled regulators during spot checks on audits of construction group Carillion and software …
- Department of Justice Press Releases
Construction Company Agrees to Pay $2.8 Million to Resolve Allegations of Small Business Subcontracting Fraud
by DOJ Pressby DOJ PressALBANY, NEW YORK – Hensel Phelps Construction Company (Hensel Phelps), a large construction company headquartered in Greeley, Colorado, has agreed to pay $2,804,110 to resolve allegations that it improperly manipulated a …
- Department of Justice Press Releases
Agents Seize Over $2 Million in U.S. Currency and More Than 10,000 Diverted Oxycodone Pills
by DOJ Pressby DOJ PressLONDON, Ky. – Investigators from the DEA Criminal Diversion Group, the Kentucky Attorney General’s Office, the Barbourville Police Department, the Clay County Sheriff’s Office, and the Manchester Police Department arrested …
- Financial News
Chainalysis raises $170 million in 6th funding round with $8.6 billion valuation
by Reutersby ReutersNEW YORK – Chainalysis, the New York-based blockchain data platform company, said on Thursday it had raised $170 million of new funding, bringing its valuation to $8.6 billion. The funding …
- Financial News
Exclusive-India tax authority froze $478 million of Xiaomi funds in February-sources, document
by Reutersby ReutersBy Aditya Kalra and Munsif Vengattil NEW DELHI – Indian tax officials froze $478 million worth of deposits lying in local bank accounts of China’s Xiaomi Corp in February as …
- Financial News
Chinese city offers Nobel Prize winners $1.5 million housing subsidies
by Reutersby ReutersBEIJING – The industrialised Chinese coastal city of Wuxi is offering Nobel Prize winners up to 10 million yuan ($1.48 million) in housing subsidies to attract top talent in a …