Two Sigma in talks to pay feds whopping $100M fine: report
Hedge fund Two Sigma may have to pay up to $100 million to settle a Securities and Exchange Commission investigation into the firm's trading scandal. The Wall Street Journal reported. Thursday. The hedge fund is likely to be held accountable for how it oversaw a former employee at the center of fraud that led to […]
NYC lawyer admits he gamed immigration system in plea that could force him to pay $16M in restitution
A Bronx immigration lawyer who charged asylum seekers up to $6,000 in order to illegally speed up their applications for legal status has pleaded guilty to federal fraud charges and faces a 10-year prison sentence. Kofi Amankwah, 70, who trained immigrants to claim they were victims of domestic violence in order to exploit loopholes in […]
Sam’s Club boosting pay for 100K frontline workers, ‘potential to earn thousands’ in annual bonuses
Walmart-owned Sam's Club is raising wages for about 100,000 frontline workers. The company has created a roadmap for employees to “plan and pursue a more predictable, long-term financial future,” which could be seen as a way to develop and retain current employees in the competitive retail industry. According to Sam's Club, retailers are seeing average […]
Big tech firms balk at Ohio electric utility demand to pay for grid upgrades
Google, Amazon, Microsoft and Meta have banded together to fight Ohio's power company, which is demanding it pay for power grid upgrades needed to support big tech companies' plans to install energy-hungry data centers to power artificial intelligence technology. American Electric Power Ohio, which supplies electricity to Columbus and other cities as well as rural […]
Democratic lawmakers call out nursing home executive pay amid minimum staffing rule fight
Democratic lawmakers are blaming high executive pay at the three for-profit nursing home companies as the industry fights new minimum staffing requirements that would apply to nearly all U.S. facilities. Executive compensation is letter The letter was sent Friday evening to the CEOs of Brookdale Senior Living, National Healthcare and Ensign Group, and was signed […]
Ohio Senate candidate rips ‘depraved’ politicians for Springfield migrant crisis: Citizens ‘pay the price’
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Home Depot to pay almost $2 million for false advertising, unfair competition
Home improvement giant Home Depot has agreed to pay about $2 million to settle civil lawsuits brought by multiple California district attorneys that allege the company engaged in false advertising and unfair competition. The company must pay $1.7 million in civil penalties, as well as $277,251 for investigation costs and to “assist in the future […]
Walgreens to pay $106.8M over claims it billed government for prescriptions never dispensed
Ankur Jain, CEO of Bilt, explains how members will be able to use their FSA/HSA accounts to make purchases at Walgreens. Pharmacy chain Walgreens Boots Alliance has agreed to pay a $106.8 million penalty to resolve allegations that it billed federal health care programs for prescriptions that were never filled. of Department of Justice The […]
Boeing Employees Go On Strike After Rejecting 25% Increase In Pay, With Production In Question
Union members react as Aerospace Machinists District 751 President John Holden (outside frame) announces that members will reject Boeing's proposed contract and go on strike following the results of a vote at union hall in Seattle, Washington, on September 12, 2024. Seattle-area Boeing workers voted overwhelmingly to strike on September 12, rejecting a contract that […]
Trump pledges to eliminate taxes on overtime pay
Former President Donald Trump announced Thursday that he would eliminate all taxes on overtime pay if elected to the White House. “As part of additional tax cuts, I will eliminate all taxes on overtime work,” Trump promised at a rally in Tucson, Arizona, a key battleground state in the 2024 election. The former president argued […]