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Business and Financial
Washington, DC The global economic recovery continues to advance, but Europes debt crisis has created new hurdles on the road to sustainable medium term growth, cautions the World Banks latest Global Economic Prospects 2010, released today online. The World Bank…
WASHINGTON, DC The World Banks (WB) Board of Executive Directors approved a US$450 million loan this Thursday to develop public policies aimed at supporting the Mexican governments efforts of promoting the adaptation of its water sector to climate change. The…
WASHINGTON, DC The World Banks (WB) Board of Executive Directors approved a US$450 million loan this Thursday to develop public policies aimed at supporting the Mexican governments efforts of promoting the adaptation of its water sector to climate change. The…
McLEAN, Va., The Farm Credit Administration (FCA) Board has adopted an advance notice of proposed rulemaking (ANPR) to solicit public input on possible changes to regulations governing the liquidity and investment management of the Federal Agricultural Mortgage Corporation (Farmer Mac).…
Goal is for 40 NASCAR-branded Car Wash Locations by 2015 CHARLOTTE, N.C. The 1903 Car Wash Company and the National Association for Stock Car Auto Racing (NASCAR) have announced an exclusive license agreement to create and develop a branded car…
WASHINGTON, D.C. - SunExpress, an airline based in Antalya, Turkey, is using financing from the Export-Import Bank of the United States (Ex-Im Bank) for the purchase of several Boeing 737-800 aircraft with engines manufactured by CFM International Inc. Ex-Im Bank…
The Federal Reserve Board on Tuesday approved a final rule amending Regulation Z (Truth in Lending) to protect consumers who use credit cards from a number of costly practices. Credit card issuers must comply with most aspects of the rule…
$5 Million Fine Imposed Earlier today, at the federal courthouse in Brooklyn, United States District Judge Jack B. Weinstein sentenced Eric Butler, a former Credit Suisse broker, to five years imprisonment, three years of supervised release, $5 million fine, and…
PORTLAND, ORA Federal Grand Jury has indicted a Portland mortgage broker for bank fraud related to the sale of his parents home in 2006. Alex Z. Biscocho, 42, of Portland, is accused of devising a scheme to defraud First Franklin…
SAN FRANCISCOPatricia Morgen pleaded guilty in federal court in San Francisco yesterday to wire fraud, mail fraud and money laundering. In pleading guilty, Morgen admitted that the company she founded and controlled, Chicago Development and Planning, engaged in two fraudulent…
Lucette Montane, a fugitive since June 2008, was arraigned on a 2008 indictment in federal court today before Magistrate Judge Jan Adler. Montane surrendered to Customs and Border Protection officials yesterday at the San Ysidro Port of Entry. Agents from…
James Nicholson, the President, Senior Portfolio Manager, and sole managing member of investment firm Westgate Capital Management L.L.C., pleaded guilty today in Manhattan federal court before United States District Judge Richard J. Sullivan to three felony charges, including securities fraud,…