Tag: Corporate news
Citigroup profits soar due to fewer bad loans
NEW YORK — Citigroup profits jumped more than five fold from a year earlier, helped by an improving economy that resulted in fewer bad...
Bank of England ditches dividend limits on UK banks
LONDON — The Bank of England on Tuesday ditched limits on banks to pay dividends to their shareholders that were first introduced at the...
Bally’s Corp. buys AVP beach volleyball tour
Bally’s Corp. on Tuesday acquired the Association of Volleyball Professionals, the top American beach volleyball tour, and said it plans to broadcast AVP content...
Goldman Sachs 2Q profits beat forecasts; boosts dividend
NEW YORK — Goldman Sachs had the second-best quarterly profit in the firm's history in the quarter ended in June, helped by a strong...
Firm hacked to spread ransomware had previous security flaws
For 21 years, the software company Kaseya labored in relative obscurity — at least until cybercriminals exploited it in early July for a massive...
Lawsuit says Alabama blocking solar power with unfair fees
MONTGOMERY, Ala. — The fees imposed by the Alabama Power company on customers who generate their own electricity with rooftop or on-site solar panels...
Touting new trains, Amtrak CEO foresees riders heading back
DETROIT — Amtrak is betting big on a return of ridership.
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California men plead guilty in Florida to $1.3B fraud scam
MIAMI — Two more California men have pleaded guilty in South Florida for their roles in a $1.3 billion real estate fraud scheme that...
American Airlines forecasts better-than-expected 2Q results
FORT WORTH, Texas — American Airlines said Tuesday it expects to report roughly break-even results for the second quarter thanks to $1.4 billion in...
California men plead guilty in Florida to $1.3B fraud scam
MIAMI — Two more California men have pleaded guilty in South Florida for their roles in a $1.3 billion real estate fraud scheme that...
