lion US lawmakers blast five large corporations for taking $50 million meant for small businesses. Only one is returning the money. By feedproxy.google.com Published On :: Sat, 09 May 2020 12:34:05 -0400 Reuters House lawmakers on Friday demanded five large, publicly traded companies return the $10 million loans they received that were meant for small businesses. Only one company, MiMedx, said it would return the $10 million Paycheck Protection Program loans. Just 48 public companies of the 387 that received PPP loans have returned the money. Visit Business Insider's homepage for more stories. US representatives blasted five publicly traded companies for taking Paycheck Protection Program loans means for small businesses, leading at least one to return the money. The House subcommittee on the coronavirus crisis sent letters] to MiMedx, Quantum, EVO Transportation & Energy Services, Gulf Island Fabrication, Universal Stainless, and Alloy Products on Friday demanding they return loans received from the treasury. MiMedx said late Friday it was repaying its $10 million loan.See the rest of the story at Business InsiderNOW WATCH: Inside London during COVID-19 lockdownSee Also:37 of the best graduation gifts you can give to upcoming high school or college gradsThe best Showtime TV shows of the last decade — and the worstOnline learning is growing faster than ever — we compared 4 of the top platforms leading the way Full Article PPP Paycheck protection program house subcommittee on the coronavirus crisis Steven Mnuchin
lion Carter’s reports Q1 FY20 sales of $654 million By feedproxy.google.com Published On :: Sat, 09 May 2020 23:00:04 GMT Full Article
lion EA reaped $5.5 billion in revenue last year, most of which came from digital dealings By www.gamasutra.com Published On :: Tue, 5 May 2020 17:10:00 -0400 EA credits its live game portfolio for an overall strong year, with COO and CFO Blake Jorgensen saying this latest report "[proves] the value of the live services path we†ve been on." ... Full Article
lion Finnish studio Dazzle Rocks nets $6.8 million to build social sandbox MMO By www.gamasutra.com Published On :: Wed, 6 May 2020 10:27:00 -0400 Finnish mobile studio Dazzle Rocks has secured $6.8 million in Series A funding to boost development on its unnamed social sandbox MMO. ... Full Article
lion $17.5 Million in Grants Available for St. Louis County Small Businesses By feedproxy.google.com Published On :: Fri, 01 May 2020 21:29:44 +0000 The St. Louis County Small Business Relief Program, (SBR), slated to award $17.5 million to small businesses, was recently announced by County Executive Sam Page. The grants make up about 10% of the $173.5 million in federal relief funds the county received from the CARES Act. The program will provide financial relief to small businesses... The post $17.5 Million in Grants Available for St. Louis County Small Businesses appeared first on Anders CPA. Full Article News
lion Fortnite surpasses 350 million registered players By feedproxy.google.com Published On :: Thu, 7 May 2020 16:24:00 -0400 The milestone comes as Epic doubles down on the social elements of Fortnite with additions like the combat-free Party Royale mode and last month's in-game Travis Scott concert. ... Full Article
lion New $484 Billion Stimulus Package Replenishes PPP and Offers Relief for Hospitals and Businesses By anderscpa.com Published On :: Fri, 24 Apr 2020 17:55:12 +0000 President Trump recently signed a new coronavirus relief bill into law that will help replenish the depleted Paycheck Protection Program (PPP), among other initiatives. Below are the details of the relief package. Details of the New Bill The new relief… Read More The post New $484 Billion Stimulus Package Replenishes PPP and Offers Relief for Hospitals and Businesses appeared first on Anders CPAs. Full Article Anders COVID-19 Featured covid
lion Small Businesses Cut 6 Million Jobs from March to April By feedproxy.google.com Published On :: Thu, 07 May 2020 20:00:16 +0000 Franchises lost the fewest jobs, but overall the unemployment number was unprecedented. Full Article Small Business News
lion Humble's Conquer COVID-19 bundle raises $6.5 million for pandemic relief By www.gamasutra.com Published On :: Mon, 27 Apr 2020 13:39:00 -0400 Humble's latest charitable bundle has ended its run, and raised over $6.5 million for COVID-19 relief efforts in the process. ... Full Article
lion Fortnite surpasses 350 million registered players By www.gamasutra.com Published On :: Thu, 7 May 2020 16:24:00 -0400 The milestone comes as Epic doubles down on the social elements of Fortnite with additions like the combat-free Party Royale mode and last month's in-game Travis Scott concert. ... Full Article
lion Destek Infosolutions receives $2 Million funding for LegalNextt By economictimes.indiatimes.com Published On :: 2019-01-22T16:40:00+05:30 Pune based IT Company Destek Infosolutions Pvt Ltd has raised an amount of 2 Million in seed funding round for one of its platforms, LegalNextt - An Extensi... Full Article
lion Autocar show: Suzuki pavilion at Auto Expo 2020 By economictimes.indiatimes.com Published On :: 2020-02-15T11:31:37+05:30 Autocar show: Suzuki pavilion at Auto Expo 2020 Full Article
lion Musk’s vow to sell homes aimed at blunting billionaire barbs By economictimes.indiatimes.com Published On :: 2020-05-08T09:04:44+05:30 Musk has listed two of his California homes for sale, seeking a combined $39.5 mn for the Bel Air properties. Full Article
lion Uber loses $2.9 billion, offloads bike and scooter business By economictimes.indiatimes.com Published On :: 2020-05-08T17:12:54+05:30 Earlier this week, Uber said it was cutting 3,700 full-time workers, or about 14 per cent of its workforce, as people avoiding contagion either stay indoors or try to limit contact with others. Full Article
lion Opec agrees on output hike of 1 million bpd By economictimes.indiatimes.com Published On :: 2018-06-22T19:30:21+05:30 Opec agrees on output hike of 1 million bpd Full Article
lion BR Shetty: The staggering rise and incredible fall of a billionaire By economictimes.indiatimes.com Published On :: 2020-04-25T23:00:00+05:30 BR Shetty landed in Abu Dhabi with $8 in 1973 and turned his sweat into a personal fortune worth billions. Full Article
lion Billionaire VC: Startups are spending way too much on useless 'window dressing' By economictimes.indiatimes.com Published On :: 2015-09-18T12:58:36+05:30 There's too much money in tech, and it's caused huge problems for both the companies and San Francisco alike, said billionaire venture capitalist Chamath Palihapitiya. Full Article
lion US startup raises $108 million for plant-based cheeseburgers By economictimes.indiatimes.com Published On :: 2015-10-12T13:14:02+05:30 A US-based startup has raised a whopping USD 108 million in funding to developed a new generation of plant-based cheeseburgers. Full Article
lion It only took an hour for this red-hot, $4.5 billion startup to boost its value by $1 billion By economictimes.indiatimes.com Published On :: 2015-10-21T13:10:13+05:30 In case you haven't heard of Zenefits, it's one of the hottest startups in the Valley now. It provides free HR software that makes it easy for companies to sign up for insurance. Full Article
lion PayPal makes $1 billion in small-business loans in first two years By economictimes.indiatimes.com Published On :: 2015-10-27T23:04:38+05:30 PayPal separated from eBay earlier this year, and Chief Executive Officer Dan Schulman has stated he is looking to use PayPal's size to offer affordable financial services widely. Full Article
lion AI, machine learning can help achieve $5 trillion target: Piyush Goyal By economictimes.indiatimes.com Published On :: 2020-01-06T23:52:54+05:30 “Our government believes artificial intelligence, in different forms, can help us achieve the $5 trillion benchmark over the next five years, but also help us do it effectively and efficiently,” Goyal said while inaugurating the NSE Knowledge Hub here. The hub is an AI-powered learning ecosystem for the banking, financial services and insurance sector. Full Article
lion Adequate reserve to deal with $20 billion FCNR redemption By economictimes.indiatimes.com Published On :: 2016-06-20T20:55:20+05:30 Seeking to allay concerns, the sources said that government is ready to redeem $20 billion FCNR-B deposits as there is adequate forex reserves. Full Article
lion ASSOCHAM recommends stimulus package of $200 to $300 billion to tide over the COVID-19 challenges By economictimes.indiatimes.com Published On :: 2020-04-08T13:25:08+05:30 The chamber said that in keeping up with most economies of the world to institute stimulus measures with 10 percent of the Gross Domestic Product (GDP), the Indian economy would need a transfusion of over $200 billion with an ability to go up to $300 billion, over the next 12-18 months. Full Article
lion BR Shetty: The staggering rise and incredible fall of a billionaire By economictimes.indiatimes.com Published On :: 2020-04-25T23:00:00+05:30 BR Shetty landed in Abu Dhabi with $8 in 1973 and turned his sweat into a personal fortune worth billions. Full Article
lion 117 Indians died for every billion USD remitted from gulf countries: CHRI By economictimes.indiatimes.com Published On :: 2018-11-05T16:17:32+05:30 The data was provided by Indian missions in Bahrain, Oman, Qatar and Saudi Arabia but the Embassy in the UAE refused to give information. The Indian embassy referred to data on their website which was only 2014 onwards. Full Article
lion For every $1 billion remitted, 117 Indians die in 6 Gulf nations By economictimes.indiatimes.com Published On :: 2018-11-08T06:59:53+05:30 The embassies in Gulf countries have not been forthcoming in providing data under RTI on the number of deaths. Full Article
lion India to retain top position in remittances with $80 billion: World Bank By economictimes.indiatimes.com Published On :: 2018-12-08T11:20:33+05:30 India is followed by China ($67 billion), Mexico and Philippines ($34 billion each), according to World Bank. Full Article
lion With $78 billion, India still highest overseas remittance receiver By economictimes.indiatimes.com Published On :: 2019-11-28T10:33:17+05:30 India continues remains the top recipient of remittances, with its diaspora sending back $78.6 bn in 2018. Full Article
lion Forex reserves touch record high at $453 billion By economictimes.indiatimes.com Published On :: 2019-12-14T10:57:53+05:30 Reserves rose by $2.34 billion during the week under review. Full Article
lion Forex kitty sees first drop in 6 months to $481.89 billion By economictimes.indiatimes.com Published On :: 2020-03-21T10:30:20+05:30 The last time forex reserves declined was in the week to September 20, 2019, when it had fallen by $388 million to $428.58 billion. Full Article
lion Department of Justice Awards More than $16.5 Million in Public Safety Funding By www.justice.gov Published On :: Tue, 15 Oct 2019 00:00:00 -0400 Office on Violence Against Women (OVW) Acting Director Laura L. Rogers today announced awards of more than $16.5 million to support public safety efforts in the Northern District of Texas. Funds will help law enforcement agencies, local cities and counties, campus safety, and victim service providers and domestic violence shelters fight gun, gang, drug and domestic and sexual violence and bring criminals to justice. Full Article
lion Department of Justice Awards More than $122 Million in Public Safety Funding to Michigan By www.justice.gov Published On :: Tue, 15 Oct 2019 00:00:00 -0400 Today, the Department of Justice announced awards of more than $122 million to support public safety efforts in Michigan. The funds will help law enforcement agencies and community organizations in jurisdictions across the state fight gun, gang, drug and sexual violence, and bring criminals to justice. Full Article
lion Department of Justice Awards More Than $29 Million in Public Safety Funding to Northern District of Ohio By www.justice.gov Published On :: Wed, 16 Oct 2019 00:00:00 -0400 The Department of Justice today announced awards of more than $29 million to support public safety efforts in the Northern District of Ohio. The funding from the Office of Justice Programs (OJP), Office on Violence Against Women (OVW), and the Office of Community Oriented Policing Services (COPS) will support violent crime reduction, opioid/substance abuse reduction efforts, victim services, transitional housing for domestic violence victims, law enforcement activities, justice mental health, and juvenile justice. Full Article
lion Department of Justice Awards More than $165 Million in Public Safety Funding to the State of North Carolina By www.justice.gov Published On :: Fri, 01 Nov 2019 00:00:00 -0400 The Department of Justice today announced awards of more than $165 million to support public safety efforts in the state of North Carolina. The funding from the Office of Community Oriented Policing Services (COPS), Office of Justice Programs (OJP), and Office on Violence Against Women (OVW) will support violent crime reduction, opioid/substance abuse reduction efforts, school safety, victim services, transitional housing for domestic violence victims, law enforcement activities, justice mental health, and juvenile justice. Full Article
lion Department of Justice Awards Nearly $38 Million to Reduce Crime, Improve Public Safety in West Virginia By www.justice.gov Published On :: Fri, 13 Dec 2019 00:00:00 -0500 Full Article
lion “Compound King” Convicted in $21 Million Health Care Fraud Scheme By www.justice.gov Published On :: Wed, 11 Mar 2020 00:00:00 -0400 A federal jury sitting in Houston, Texas, found a pharmacist guilty Tuesday of charges related to health care fraud, wire fraud and money laundering. Full Article
lion Pennsylvania Attorney Indicted for Role in $2.7 Million Ponzi Scheme By www.justice.gov Published On :: Tue, 24 Mar 2020 00:00:00 -0400 An Allentown, Pennsylvania, attorney has been charged for his role in a $2.7 million investment fraud scheme that victimized his law clients, according to a superseding indictment that was unsealed Monday. Full Article
lion U.S. Repatriates $300 Million to Malaysia in Proceeds of Funds Misappropriated from 1Malaysia Development Berhad By www.justice.gov Published On :: Tue, 14 Apr 2020 00:00:00 -0400 The Department of Justice announced today that it has repatriated to Malaysia approximately $300 million (RM 1.292 billion) in additional funds misappropriated from 1Malaysia Development Berhad (1MDB), Malaysia’s investment development fund, and laundered through financial institutions in several jurisdictions, including the United States, Switzerland, Singapore and Luxembourg. Full Article
lion Justice Department Announces Additional Distribution of More than $378 Million to Victims of Madoff Ponzi Scheme By www.justice.gov Published On :: Mon, 20 Apr 2020 00:00:00 -0400 At the start of National Crime Victims’ Rights Week, the Department of Justice today announced that on April 20, the Madoff Victim Fund (MVF) began its fifth distribution of approximately $378.5 million in funds forfeited to the U.S. Government in connection with the Bernard L. Madoff Investment Securities LLC (BLMIS) fraud scheme, bringing the total distributed to over $2.7 billion to nearly 38,000 victims worldwide. Full Article
lion Pennsylvania Attorney Pleads Guilty for Role in $2.7 Million Ponzi Scheme By www.justice.gov Published On :: Thu, 23 Apr 2020 00:00:00 -0400 An Allentown, Pennsylvania, attorney pleaded guilty today for his role in a $2.7 million investment fraud scheme that victimized his law clients. Full Article
lion Bank Hapoalim Agrees to Pay More Than $30 Million for Its Role in FIFA Money Laundering Conspiracy By www.justice.gov Published On :: Thu, 30 Apr 2020 00:00:00 -0400 Bank Hapoalim B.M. (BHBM), an Israeli bank with international operations, and its wholly owned subsidiary, Hapoalim (Switzerland) Ltd. (BHS), have agreed to forfeit $20,733,322 and pay a fine of $9,329,995 to resolve an investigation into their involvement in a money laundering conspiracy that fueled an international soccer bribery scheme. Full Article
lion Five Fraudsters Indicted for Million Dollar Scheme Targeting Thousands of U.S. Servicemembers and Veterans By www.justice.gov Published On :: Wed, 21 Aug 2019 00:00:00 -0400 Full Article
lion Five Fraudsters Indicted For Million Dollar Scheme Targeting Thousands of U.S. Servicemembers and Veterans By www.justice.gov Published On :: Wed, 21 Aug 2019 00:00:00 -0400 A 14-count indictment has been unsealed today in San Antonio, Texas, charging five individuals with coordinating an identify-theft and fraud scheme targeting servicemembers and veterans. Full Article
lion Las Vegas, Nevada Man Pleads Guilty to Role in Million Dollar Scheme Targeting Thousands of U.S. Servicemembers and Veterans By www.justice.gov Published On :: Wed, 30 Oct 2019 00:00:00 -0400 Full Article
lion Nevada Man Pleads Guilty to Role in Million Dollar Scheme Targeting Thousands of U.S. Servicemembers and Veterans By www.justice.gov Published On :: Wed, 30 Oct 2019 00:00:00 -0400 Fredrick Brown, 38, of Las Vegas, Nevada, a former civilian medical records administrator for the U.S. Army at the 65th Medical Brigade, Yongsan Garrison, South Korea, admitted yesterday to his role in an identity-theft and fraud scheme that victimized thousands of U.S. servicemembers and veterans. Full Article
lion San Diego, California Man Pleads Guilty to Role in Million Dollar Scheme Targeting Thousands of U.S. Servicemembers and Veterans By www.justice.gov Published On :: Fri, 06 Dec 2019 00:00:00 -0500 Full Article
lion U.S. Repatriates over $311.7 Million in Assets to the Nigerian People that were Stolen by Former Nigerian Dictator and His Associates By www.justice.gov Published On :: Mon, 04 May 2020 00:00:00 -0400 The Department of Justice announced today that it has transferred $311,797,876.11 to the government of the Federal Republic of Nigeria (Nigeria) in accordance with a Feb. 3, 2020, trilateral agreement among the governments of the United States, Nigeria and the Bailiwick of Jersey (Jersey) to repatriate assets the United States forfeited that were traceable to the kleptocracy of former Nigerian dictator Sani Abacha and his co-conspirators. Full Article
lion United States Reaches Settlement to Recover More Than $49 Million Involving Malaysian Sovereign Wealth Fund By www.justice.gov Published On :: Wed, 06 May 2020 00:00:00 -0400 The Department of Justice has reached a settlement of its civil forfeiture cases against assets acquired by Khadem al-Qubaisi using funds allegedly misappropriated from 1Malaysia Development Berhad (1MDB), Malaysia’s investment development fund, and laundered through financial institutions in several jurisdictions, including the United States, Switzerland, Singapore and Luxembourg. Full Article
lion South Florida Business Owner Sentenced to 24 Months in Prison for Not Paying $10.8 Million in Employment Tax Withholdings By www.justice.gov Published On :: Wed, 11 Mar 2020 00:00:00 -0400 A Miami, Florida, business owner was sentenced to 24 months in prison today for failing to pay over employment taxes, announced Principal Deputy Assistant Attorney General Richard E. Zuckerman of the Justice Department’s Tax Division and U.S. Attorney Ariana Fajardo Orshan for the Southern District of Florida. Full Article
lion Jury Finds Los Angeles Businessman Guilty in $1 Billion Biodiesel Tax Fraud Scheme By www.justice.gov Published On :: Mon, 16 Mar 2020 00:00:00 -0400 A federal jury in Salt Lake City, Utah, convicted California businessman Lev Aslan Dermen, also known as Levon Termendzhyan, of criminal charges today relating to a $1 billion renewable fuel tax credit fraud scheme, announced Principal Deputy Assistant Attorney General Richard E. Zuckerman of the Justice Department’s Tax Division, U.S. Attorney John W. Huber for the District of Utah, Don Fort Chief of Internal Revenue Service (IRS) - Criminal Investigation, Acting Special Agent-in-Charge Lance Ehrig for the Denver Area Office of Environmental Protection Agency (EPA) - Criminal Investigation Division, and Special Agent-in-Charge Michael Mentavlos for the Denver Area Office of Defense Criminal Investigative Service. Full Article