Category: Business News

Breaking: New Self-Disclosure Policy – Rickard & Associates

The Department of Justice (“DOJ”) announced a new Voluntary Self-Disclosure Policy to be used by US Attorney Offices throughout the country.

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The new policy helps to encourage early and voluntary self-disclosure of corporate criminal misconduct. It reinforces the importance of having an effective compliance plan that identifies misconduct.

To be a voluntary self-disclosure, the disclosure must be voluntary, timely and must contain all relevant facts of misconduct.

If the

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New York Community Bank to buy failed Signature Bank – Business News

Failed bank purchases

The Canadian Press – | Stories: 416923

New York Community Bank has agreed to buy a significant chunk of the failed Signature Bank in a $2.7 billion deal, the Federal Deposit Insurance Corp.

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First Republic shares surge as Yellen pledges support for US banks [Video]

Regional bank stocks rebounded Tuesday as Treasury Secretary Janet Yellen pledged further assistance to depositors if needed and a second attempted rescue of troubled San Francisco lender First Republic (FRC) took shape.

First Republic was up 43% this morning as of 10:50 am ET, just one day after plummeting 47% to its lowest-ever closing price. The March 10 failure of Silicon Valley Bank put First Republic under tremendous investor pressure, and an infusion last week of $30 billion in deposits from 11 other banks didn’t stop the slide.

One of those 11 banks, JPMorgan Chase (JPM), is now providing advice

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Amazon to lay off 9,000 more workers after earlier cuts

Amazon will lay off 9,000 more employees, CEO Andy Jassy said in a memo to staff on Monday.

The cuts are on top of the previous layoffs that commenced last November and extended into January. That round affected more than 18,000 employees.

Amazon made the decision to lay off more employees as it looks to streamline costs and take into account the uncertain economy, as well as the “uncertainty that exists in the near future,” Jassy said. The company just wrapped up the second phase of its annual budgeting process, referred to internally as “OP2.”

“The overriding tenet of our

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First Citizens Bank Charitable Foundation anounces donations

First Citizens Charitable Foundation, Inc. announced in a press release that 45 area organizations were the recipients of $149,950 in donations in December 2022 and January 2023.

Recipients include the following: Project Flo Association $2,000; Charles City Community Schools $1,000; Immaculate Conception School $2,000; Floyd County Historical Society $2,000; National 19th Amendment Society $5,000; Friends of Winnebago County Conservation Foundation, Inc. $5,000; YSS Francis Lauer $4,000; Mason City Fire Department $5,500; St. Ansgar Historic School Project (South Square) $1,000; Greater Iowa Youth For Christ $10,000; IOOF Home and Community Therapy Center $1,000; Grace Church $1,000; North Iowa Christian School $10,000;

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California court rules for Uber, Lyft in ride-hailing case – Business News

App-based ride hailing and delivery companies like Uber and Lyft can continue to treat their California drivers as independent contractors, a state appeals court ruled Monday, allowing the tech giants to bypass other state laws requiring worker protections and benefits.

The ruling mostly upholds a voter-approved law, called Proposition 22, that said drivers for companies like Uber and Lyft are independent contractors and are not entitled to benefits like paid sick leave and unemployment insurance. A lower court ruling in 2021 had said Proposition 22 was illegal, but Monday’s ruling reversed that decision.

“Today’s ruling is

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Facebook parent Meta slashes another 10,000 jobs – Business News

Meta slashes 10,000 jobs

The Associated Press – | Stories: 415964

Facebook parent Meta is slashing another 10,000 jobs and will not fill 5,000 open positions as the social media pioneer cuts costs.

The company said Tuesday it will reduce the size of its recruiting team and make further cuts in its tech groups in late April, and then in its business groups in late May.

“This will be tough and there’s no way around that,” said CEO Mark Zuckerberg. “It will mean saying goodbye to talented and passionate colleagues

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What is a Power of Attorney?

Many of our clients have heard of the powers of attorney, but do not know what they actually entail.

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It is important to know that there are different types of powers of attorney, however, they are all legal documents that allow you to pick an agent or attorney-in-fact on your behalf.

Powers of attorney allow another person to make financial, legal, and medical decisions for you, depending on the type.

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