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Business and Financial
Feb 1, 2016
MCC Construction Company (MCC) has agreed to pay $1,769,294 in criminal penalties and forfeiture for conspiring to commit fraud on the United States by illegally obtaining government contracts that were intended for small, disadvantaged businesses. MCC was a construction management…
Jan 28, 2016
WASHINGTON (AFNS) -- The Boeing Company was awarded a contract Jan. 29 for risk reduction activities for the Presidential Aircraft Recapitalization program, which will field the next Air Force One. This is the first contract the Air Force has awarded…
Jan 27, 2016
Medical devices such as the infusion pumps that deliver medication intravenously were once standalone instruments that interacted only with the patient. Today, they have operating systems and communications hardware that allow them to connect to other devices and networks. While…
Jan 27, 2016
Washington D.C. — A Manhattan-based investment advisory firm and its Toronto-based hedge fund manager have agreed to settle charges that they misled investors about a fund’s investment strategy and historical performance. They will reimburse investors $2.877 million in losses. According…
Jan 25, 2016
WASHINGTON - The World Bank is lowering its 2016 forecast for crude oil prices to $37 per barrel in its latest Commodity Markets Outlook report from $51 per barrel in its October projections. The lower forecast reflects a number of…
Jan 10, 2016
Groundbreaking rule opens the door for seafood farming in federal waters of the Gulf of Mexico NOAA filed a final rule today implementing the nation’s first comprehensive regulatory program for aquaculture in federal waters. The groundbreaking rule creates a coordinated…
Dec 21, 2015
The Federal Reserve will increase short-term interest rates for the first time in seven years – offering a vote of confidence for the economy while promising cautious future steps to avoid undermining the recovery. The Fed has kept interest rates…
Nov 4, 2015
Credit risk in the Shared National Credit (SNC) portfolio remained at a high level, according to an annual review of large shared credits released today by federal banking agencies. The SNC review has been conducted by the Board of Governors…
Oct 20, 2015
The Securities and Exchange Commission today announced that it will hold its annual Government-Business Forum on Small Business Capital Formation at its Washington D.C. headquarters on Nov. 19, 2015. The morning session of the forum will feature panel discussions on…
Oct 19, 2015
Following a public comment period, the Federal Trade Commission has approved final consent orders against two Las Vegas auto dealers that misrepresented the cost of cars in advertising. In June 2015, TC Leadership LP, doing business as Planet Hyundai, and…
Oct 19, 2015
In a related criminal action, Watson pleaded guilty to wire fraud and was sentenced to 12 years imprisonment Washington, DC - Judge Mark A. Goldsmith of the U.S. District Court for the Eastern District of Michigan entered an Order requiring…
Oct 19, 2015
Phoenix – Creating an LLC in Arizona just got a lot easier. The Arizona Corporation Commission is accepting online filings for the first time. Before the online e-filing became available earlier this month, someone wishing to create a limited liability…