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Finance & Economics

Boeing Begins Flight-testing B-1 with New Link 16 Communications

LONG BEACH, Calif.-- The Boeing Company [NYSE: BA] today announced the start of flight tests for a B-1 Lancer bomber upgraded with new digital avionics for the aft cockpit, including a line-of-sight Link 16 data link. The B-1 Fully Integrated Data...

10 Things to Take Away from the E3 Gaming Show

The gaming industry's E3 conference is under way. Like previous years, the show has delivered on its promise of showing off what gaming developers and hardware makers have planned for the next year or two. The show is once again dominated by the...

State Personal Income: First Quarter 2010

State personal income growth averaged 0.9 percent in the first quarter of 2010 up from 0.5 percent in the fourth quarter of 2009, according to estimates released today by the U.S. Bureau of Economic Analysis. Personal income increased in all but two...

New Jersey Woman Charged in $45 Million Real Estate Investment Ponzi Scheme

PREET BHARARA, the United States Attorney for the Southern District of New York, and GEORGE VENIZELOS, the Acting Assistant Director-in-Charge of the New York Office of the Federal Bureau of Investigation ("FBI"), announced today the arrest this...

Mortgage Lending Exec Indicted in $1.9 Billion Scheme That Led to Failure of Bank

Lee Bentley Farkas, the former chairman of a private mortgage lending company, Taylor, Bean & Whitaker (TBW), was arrested last night in Ocala, Fla., and charged in a 16-count indictment for his alleged role in a more than $1.9 billion fraud...

Soccer stars urge the public to take part in UN anti-poverty campaign

The soccer stars and Goodwill Ambassadors for the United Nations Development Programme (UNDP), Didier Drogba and Zinedine Zidane, today launched a television announcement exhorting the world to make a concerted effort to help millions of people free...

Jury convicts retail clothing store owner of selling counterfeit merchandise

SHREVPORT, La. - Dwight Anthony Reed, 51, the owner of a retail store formerly located in the Pierre Bossier Mall in Bossier City, La., was convicted by a federal jury on May 27 on 19 counts of trafficking in counterfeit goods, following a U.S....

Enforcement Action Against Food Companies Violating Federal Laws

(RTTNews) - The companies that violate federal laws designed to protect the safety of the nation's food supply may not be allowed to get away lightly as can be seen from the enforcement action taken against California soy-product manufacturer Lifesoy...

Treasury Targets International Narcotics Trafficking Network Linked To La Familia Michoacana

WASHINGTON – The U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) today designated two individuals and two entities linked to the international drug trafficking organization La Familia Michoacana as Specially Designated...

Pelosi Statement on May Jobs Report

WASHINGTON – Speaker Nancy Pelosi released the following statement on June, 4 in response to the report that the economy added 431,000 jobs in May and saw the unemployment rate fall to 9.7 percent: