A federal grand jury in San Francisco has indicted a business owner for defrauding investors and a bank to the tune of over $9 million, the US Department of Justice said Monday. Joon Woo Kim, 57, of the City of Montebello in Los Angeles County, was arrested Monday in New Haven and appeared in US…
Category: Business News
Alberta filed 1st ever charges against a carbon offset firm. Here’s why they may not be the last
For the first time ever, a Canadian province has charged a business for providing false information related to carbon offsets, a spokesperson for Alberta’s Environment Ministry said, underscoring the sometimes murky activities of companies in a complicated, rapidly growing industry worth hundreds of millions of dollars annually. Carbon offsets are bought and sold under a…
Job creation numbers are deceptive
MUNCIE, Ind. — Business news is filled with new job creation numbers. Every new business with more than a few employees will get coverage in local papers, and larger firms will make statewide news. Typically, reporters will write about the industry growth patterns, why the firm says it chose its new location and often a…
WestJet shutting down discount airline Swoop
WestJet is shutting down its budget airline, Swoop. The company made the announcement in a news release Friday, noting that the ratification of its recent deal with its pilots allows it to integrate all of its staff at various airlines into a single banner. “As negotiated in the collective agreement, the WestJet Group will now…
Quebecor to pull ads from Facebook, Instagram after news access halted
Telecom and media firm Quebecor said on Wednesday it will pull its ads from Facebook and Instagram following Meta Platforms’ decision to stop access to news on both social media platforms in Canada over a law requiring payments to local news publishers. The Online News Act, or Bill C-18, was introduced in April last year…
Aretha Franklin’s Wills Dispute – Rickard & Associates
If you have been following the news, you may have seen that there is a dispute regarding Aretha Franklin’s estate plan. Her sons are in court fighting over her estate and multiple wills. We can help you stay on top of the latest news that affects your everyday life. Subscribe to stay up to date….
Ace Global Business Acquisition Limited Announces Additional Contribution to Trust Account to Extend Period to Consummate Business Combination
Published: Jul. 14, 2023 at 9:00 AM EDT|Updated: 2 hours ago NEW YORK, July 14, 2023 /PRNewswire/ — Ace Global Business Acquisition Limited (NASDAQ: ACBA), a special purpose acquisition company (the “Company”), announced today that Ace Global Investment Limited, the Company’s initial public offering sponsor (the “Sponsor”), has deposited into the Company’s trust account (the…
Petro-Canada payment problems continue, but the company says it’s ‘making progress’ on fixing
Petro-Canada says the nearly weeklong problems that customers have experienced with things like payment and loyalty programs at the gas station chain are ongoing, but it is making progress on solving them. Problems at the company started about a week ago, when on Friday reports suggested that parent company Suncor had been hacked. Over the…