The three men face significant penalties for allegedly exploiting a pandemic relief program designed to support struggling businesses.
EAST ST. LOUIS, Ill. — A federal grand jury has indicted three Metro East men on 13 counts for their alleged roles in a Paycheck Protection Program (PPP) loan fraud scheme, the…
JPMorgan CEO says unlikely to acquire other struggling banks
By Nupur Anand and Niket Nishant NEW YORK (Reuters) – JPMorgan Chase & Co CEO Jamie Dimon said that it is “unlikely” that the bank will acquire any other struggling lender, weeks…
‘They’re Struggling To Recruit People’: Former FBI Agent Speaks Out On Resurfaced IRS Recruitment Videos
‘They’re Struggling To Recruit People’: Former FBI Agent Speaks Out On Resurfaced IRS Recruitment Videos Harold Hutchison on April 28, 2023 A former FBI agent discussed resurfaced Internal Revenue Service (IRS) recruitment…
Analysis-Banking crisis scars struggling U.S. real estate stocks
By Lewis Krauskopf NEW YORK (Reuters) – U.S. real estate stocks are struggling this year after a rough 2022, as fears that banks will tighten lending standards pile pressure on a sector…
Program helps struggling families in New Jersey with utility assistance option ahead of spring shut offs
TRENTON, NJ – As March 15 looms, many families that have struggled with higher than normal energy costs this winter, facing possible shut-offs, New Jersey advises them to see if they quality…
VP tells Maryland residents struggling with high energy costs that energy costs are down
BOWIE, MD – Vice President Kamala Harris looked the public in the eye this week and declared the Biden-Harris administration has lowered energy costs for Americans. It was yet another example of…
Struggling aerospace suppliers may not be able to support jet output hikes – survey
(Reuters) – Meeting Boeing Co and Airbus SE’s planned jet output hikes this year will not be a “slam dunk” for the aerospace supply chain, a Morgan Stanley survey of 80 suppliers…
Analysis-ECB seen struggling to keep market on side after mixed messages
By Francesco Canepa and Balazs Koranyi FRANKFURT (Reuters) – The European Central Bank’s policy signals don’t seem to convince investors any more, analysts say, whether it is trying to raise their expectations…
Businesses Still Struggling Under Biden’s Economy As Pandemic Loans Come Due
Businesses Still Struggling Under Biden’s Economy As Pandemic Loans Come Due Bronson Winslow on December 14, 2022 Millions of businesses are worried about their finances after pandemic loan repayments began in October,…
Number of English and Welsh struggling to pay water bill up 33% – regulator
LONDON (Reuters) – There has been a 33% increase in the number of people in England and Wales struggling to pay their water bills since May, according to a report by the…
Taiwan Q3 GDP seen growing 3.2%, struggling against trade headwinds
TAIPEI (Reuters) – Taiwan’s economy likely expanded slightly faster in the third quarter compared to the prior quarter but at an anaemic pace due to increased global economic headwinds denting demand for…
Toshiba’s preferred bidder struggling to secure equity commitments -sources
By Makiko Yamazaki and Ritsuko Shimizu TOKYO (Reuters) – Japan Industrial Partners (JIP), the preferred bidder to buy out Toshiba Corp, is having difficulty securing sufficient equity commitments from potential consortium partners…
Now Mired In Crime, The City That Kick-Started The ‘Defund The Police’ Movement Is Struggling To Recruit New Officers
Now Mired In Crime, The City That Kick-Started The ‘Defund The Police’ Movement Is Struggling To Recruit New Officers Trevor Schakohl on October 24, 2022 Minneapolis is having a tough time restaffing…
US Foods Hunger Action Month Efforts Raise More Than 240,000 Meals for Those Struggling with Food Insecurity
Campaign supports company’s continued commitment to supporting local communities in need following its $200,000 donation to the American Red Cross to aid Western wildfires and Hurricane Ida relief efforts Rosemont, IL (-) …
U.S. lawmakers push for more action to help struggling Haiti
WASHINGTON (Reuters) – Democratic and Republican members of the U.S. Congress announced legislation on Monday intended to help Haiti address a worsening humanitarian and security crisis by punishing members of political elites…
Siemens Gamesa to replace head of struggling onshore wind unit – memo
By Isla Binnie (Reuters) – Struggling wind turbine maker Siemens Gamesa will replace the head of its onshore unit due to recent financial losses that have piled pressure on the business, an…
Analysis-Goodbye, TINA: higher yields muddy outlook for struggling U.S. stocks
By Lewis Krauskopf NEW YORK (Reuters) – Soaring interest rates are providing investors with attractive alternatives to stocks, complicating the picture for equities in an already-vicious year. For years, investors could easily…
Gap Slashes Hundreds Of Jobs As Inflation Squeezes The Struggling Giant
Gap Slashes Hundreds Of Jobs As Inflation Squeezes The Struggling Giant John Hugh DeMastri on September 20, 2022 Gap will eliminate nearly 500 corporate jobs, joining other struggling retailers as the industry…
‘Boondoggles Of Spending’: Military Personnel Are Struggling To Get By As Pentagon Budget Falls Short
‘Boondoggles Of Spending’: Military Personnel Are Struggling To Get By As Pentagon Budget Falls Short Micaela Burrow on September 12, 2022 Like many Americans, some military personnel are struggling to make ends…
Exclusive-Flurry of new rules leave Turkish banks struggling to lend -sources
By Ebru Tuncay, Nevzat Devranoglu and Ceyda Caglayan ISTANBUL (Reuters) – Some Turkish banks are curtailing corporate lending after the government’s latest raft of regulations raised their costs and forced many to…
Explainer-Why are bank regulators struggling with climate stress tests?
By Simon Jessop and Huw Jones LONDON (Reuters) – The first stress tests to assess banks’ exposure to the risks of climate change are underestimating the worst-case scenario, the European Central Bank…
Explainer: Why is the EU struggling to agree Russian oil sanctions?
By Kate Abnett BRUSSELS – European Union countries are struggling to agree oil sanctions against Russia over its invasion of Ukraine, nearly four weeks after the European Commission proposed them. Why is…
Chile announces $3.7 billion recovery plan to aid struggling economy
SANTIAGO – Chile’s President Gabriel Boric announced on Thursday a $3.7 billion economic recovery plan that includes a hike in the minimum wage, subsidies and financing for sectors of the economy still…
Migrant Struggling in Briar Canal Rescued by Agents
CALEXICO, Calif. – U.S. Border Patrol agents assigned to the El Centro Sector rescued an individual, at risk of drowning in the New Briar Canal Friday. At approximately 11:49 p.m., the Remote…
Mexicans chafe over struggling economy and surging inflation
By Ana Isabel Martinez MEXICO CITY – Miguel Alejo does not know how inflation is measured or what makes a recession. But at the Mexico City food market where he has worked…
Trenton Democrats seek to introduce tax relief bills for New Jerseyans still struggling from Murphy pandemic shutdown
Trenton – Acting to reduce the property tax burden, provide savings for renters and mortgage relief for homeowners, a Senate committee today approved three bills designed to deliver financial savings to New Jersey…
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