Finance & Economics

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. Immigration and Customs Enforcement (ICE) led investigation.

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 Inc.

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 Narcotics Traffickers (SDNTs).

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:

Jobless aid set to expire as House votes on bill

WASHINGTON (CHICAGOPRESSRELEASE.COM) –
The House of Representatives on Friday was to vote on a reduced package of safety-net spending and tax measures that would raise taxes on fund managers, but it likely was too late to avoid disrupting jobless benefits for hundreds of thousands of Americans.

Stock futures rise, traders try to build on rally

NEW YORK – Stock futures rose Wednesday as investors try to build momentum following a late-day rally during the previous trading session.

Treasury Secretary Visits Washington State to Discuss American Exports, Jobs and Economic Growth

Treasury Secretary Tim Geithner traveled today to Washington state – the number one exporter in the United States on a per capita basis – to discuss the Administration's efforts to spur American exports, open new markets for U.S. exports, and grow the economy. During tours and roundtable discussions at a Boeing manufacturing site and the Port of Tacoma, Geithner took the opportunity to hear directly from large corporations, labor representatives, small businesses and local officials about the competitiveness of the U.S. manufacturing sector, export opportunities and obstacles to growth.