New Jersey Lawmakers Say “Give it Back” After State Amasses $5 Billion in Surplus Revenue
TRENTON, NJ – As many New Jerseyans are struggling to make ends meet during the post-pandemic recovery, the state of New Jersey is rolling in …
Revenue
Lawmaker Wants to See State Police Ticket Revenue Split with Municipalities
By John DiMaio Press Release TRENTON, N.J. – The Assembly Law and Public Safety Committee on Monday released Assemblyman John DiMaio’s bill that will give municipalities …
Citigroup says Russia unit to be sold had $32 million revenue in Q1
NEW YORK – Citigroup’s Russian consumer banking franchise that has been put up for sale had first quarter revenue of $32 million, down 6% from …
Greene County Commissioner of Revenue Resigns and Pleads Guilty
CHARLOTTESVILLE, Va. –The former Commissioner of Revenue for Greene County, Virginia, resigned from his elected position in connection with pleading guilty today in federal court …
Jury Convicts Southern Illinois University-Carbondale Professor of Concealing Foreign Bank Account from the Internal Revenue Service
Benton, Ill. – Dr. Mingqing Xiao, 60, of Makanda, Illinois, was convicted by a federal jury on Wednesday, May 4, 2022, in connection with lying to …
Banco BPM lower loan writedown, revenue rise land profit beat
MILAN -Italy’s Banco BPM posted a higher-than-expected first-quarter net profit on Thursday, helped by a combination of higher revenues and lower loan writedowns. Banco BPM, …
Axa reports 2% rise in first quarter revenue, keeps 2023 targets
PARIS -French insurer Axa on Thursday posted a 2% rise in revenue, with strength in its health and casualty insurance business offsetting weakness in savings. …
Loblaw revenue misses estimates on easing demand for groceries, essentials
(Reuters) – Canadian retailer Loblaw Cos Ltd missed Wall Street estimates for first-quarter revenue on Wednesday, signaling that pandemic-led demand for groceries and drugs were …
China’s Huawei posts Q1 revenue drop, says handsets now more available
SHENZHEN, China – China’s Huawei Technologies said on Thursday its first-quarter revenues slipped 13.9% from a year earlier, with new business areas yet to reverse …
McDonald’s in the spotlight as investors seek details of lost Russia revenue
By Uday Sampath Kumar and Hilary Russ (Reuters) – McDonald’s is poised to take a bigger financial hit from the war in Ukraine and shuttered …
Getlink first-quarter revenue jumps almost 50% as travel picks up
(Reuters) – The operator of the Channel Tunnel Getlink posted a rise of almost 50% in first-quarter revenue on Thursday, as travel in Europe gradually …
United Airlines sees 2nd quarter profit, record revenue on booming travel demand
By Rajesh Kumar Singh CHICAGO – United Airlines Holdings on Wednesday forecast a profit for the second quarter as it expects booming travel demand to …
China’s fiscal revenue growth slows in March
BEIJING -The growth of China’s government fiscal revenue slowed in March compared with the first two months of the year, finance ministry data showed on …
Brazil’s Assai net revenue grows 21% in Q1
(Reuters) – Brazilian cash-and-carry chain Assai reported on Tuesday first-quarter net revenue of 11.443 billion reais ($2.45 billion), 21.1% above the same period from 2021. …
Australia’s Lynas posts record revenue on strong demand for rare earths
(Reuters) -Australia’s Lynas Rare Earths on Tuesday posted a record quarterly revenue as demand for the specialized metals it mines surged amid a global push …
TikTok’s ad revenue to surpass Twitter and Snapchat combined in 2022 – report
(Reuters) – Video-sharing app TikTok’s advertisement revenue is likely to triple in 2022 to more than $11 billion, exceeding the combined sales of its rivals …
Canada’s CIBC bank CEO urges government to grow revenue via investment than taxation
TORONTO – Canadian Imperial Bank of Commerce (CIBC) Chief Executive Officer Victor Dodig on Thursday called on policy makers to focus on generating revenue by …
Egypt’s Suez Canal Q1 revenue at $1.69 billion – statement
CAIRO – Egypt’s Suez Canal recorded revenue of $1.69 billion in the first quarter of 2022, up from $1.4 billion in the same period a …
PlayCanada: Online Casino Revenue Will Dwarf Online Sportsbooks
An analysis of U.S. markets shows that online casinos will be a far bigger winner for Ontario after April 4 launch VANCOUVER, BC, March 31, …
Citi expects revenue in Brazil to grow 50% over the next 3 years
SAO PAULO – Citigroup Inc expects its revenue in Brazil to grow 50% over the next three years, the chief executive of its local unit …
Jackpocket Welcomes Tony Vartanian as Chief Growth and Revenue Officer
Vartanian comes to Jackpocket from Jump Ramp Games, a top 10 app publisher and leading mobile-first performance advertising network. As founder and CEO he scaled …
BNY Mellon expects $100-million revenue hit in first quarter from Russia pullback
– Bank of New York Mellon Corp said on Thursday it has paused new banking business in Russia and expects a $100-million revenue impact in …
With a Two-Year Revenue Growth of over 4200% Percent, Capital Rx Ranks No. 3 on Inc. Magazine’s List of the Northeast Region’s Fastest-Growing Private Companies
Companies on the 2022 Inc. 5000 Regionals Northeast list had an average growth rate of 208% percent. NEW YORK, March 16, 2022 — Inc. magazine revealed …
Stellantis aims to double revenue to 300 billion euros by 2030
– Stellantis said on Tuesday that it aims to double its net revenues to 300 billion euros ($335 billion) by 2030, while maintaining double-digit adjusted …
Adecco sees solid growth in 2022 after 2% revenue rise in Q4 2021
ZURICH – Adecco expects “solid revenue growth” at the start of 2022, the temporary staffing and training company said on Thursday, after reporting a 2% …
Deutsche Telekom core profit, revenue beat estimates
STOCKHOLM/BERLIN – Deutsche Telekom reported quarterly core profit and revenue above market estimates on Thursday, boosted by its U.S. unit, T-Mobile along with growth in …
Roku revenue misses on supply chain snags, shares fall 20%
– Roku Inc reported quarterly revenue on Thursday that missed estimates, as the company was hit by supply chain issues that affected sales of television …
Business Owner Sentenced to 37 Months in Prison for Bribing Former Official at D.C. Office of Tax and Revenue
WASHINGTON – Mohammad Ezazul Hoque, 59, the former owner of several Washington, D.C. restaurants, was sentenced today to 37 …
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 …
Italy fashion group OTB posts 2021 revenue bounce back to pre-pandemic levels
MILAN – Italian fashion company OTB said on Thursday that last year’s 16% rise in revenue to pre-pandemic levels would boost its organic growth plans …
Coca-Cola beats quarterly revenue estimates
– Coca-Cola Co reported quarterly revenue on Thursday that beat analysts’ estimates, helped by higher prices for its soft drinks and on gradual reopening of …
Exchange operator Cboe’s quarterly revenue tops views on higher volumes
By John McCrank NEW YORK – Exchange operator Cboe Global Markets said on Friday its fourth-quarter profit surged 90%, topping Wall Street estimates on higher …
Honeywell’s revenue misses estimates on supply woes, lower mask demand
-Honeywell International Inc reported lower-than-expected quarterly sales on Thursday, hit by supply chain challenges at its aerospace segment and a fall in demand for masks. …
Valneva targets 2022 revenue boost of up to 70% on COVID-19 vaccine
– French vaccine developer Valneva targets increasing its revenues year-on-year by up to 70% thanks to a boost from its COVID-19 vaccine candidate, it said …
Atlantic City bouncing back from pandemic with 29% revenue jump in December
ATLANTIC CITY, NJ – Is Atlantic City back? Joe Lupo, President of the Atlantic City Casino association thinks so after it was announced the industry …
Former New Mexico Taxation and Revenue employee pleads guilty to wire fraud, identity theft, money laundering
ALBUQUERQUE, N.M. – George Martinez, 45, of Albuquerque, pleaded guilty in federal court today to 42 counts each of wire …
New Jersey Division of Gaming Enforcement Announces 3rd Quarter 2021 Total Gaming Revenue Resultsy Office of Attorney General
ATLANTIC CITY — Today the New Jersey Division of Gaming Enforcement announced the 3rd Quarter 2021 total gaming revenue results. Based upon filings made with …
‘Boston Green New Deal’: Boston To Divest From Fossil Fuels, 15% Of City’s Revenue
Boston officials announced plans to divest the city’s portfolio from fossil fuel companies during a ceremony with federal lawmakers and activists on Monday. In her …
Former California Resident Pleads Guilty to Defrauding the State of California of over $10 Million in Tax Revenue
SACRAMENTO, Calif. — Akrum Alrahib, 43, of Miami, Florida, pleaded guilty today to conspiring to commit mail fraud in non-cigarette tobacco schemes that defrauded the …
Former Internal Revenue Service Agent Sentenced to 30 Months in Prison for Identity Theft and Making False Statements During Security Background Investigation
Earlier today, in federal court in Brooklyn, Bryan Cho, a former Special Agent with the Internal Revenue Service Criminal Investigation (“IRS-CI”), was sentenced by United …
Governor Hogan Statement on Bureau of Revenue Estimates Closeout Report
ANNAPOLIS, MD—Governor Larry Hogan today issued the following statement after the Bureau of Revenue Estimates reported a $2.5 billion surplus for the state: “I was …