Department Financial News

FBI...A criminal investigation can be a lengthy undertaking, and, for several reasons, we cannot tell you about its progress at this time." After relatives of 346 people who were killed in two Boeing Max 8 crashes in 2018 and 2019 said that their legal rights have been violated, the US Justice Department in 2022 updated its guidelines for notifying victims of potential crimes. In 2021, the relatives said that their rights were violated when the department deferred a prosecution deal with Boeing without notifying them. The US Justice Department later apologized for not meeting with relatives of the crash victims before the announcement of the deal.

Congress has multiple bank accounts and just three-four of them have been attached, «not frozen», for non-payment of tax dues, the BJP said Saturday, accusing the opposition party of making misleading statements on the issue sensing its «imminent» defeat in the Lok Sabha poll. «These bank accounts have not been frozen, they are operational. You (Congress) can deposit money in these accounts and withdraw too, except Rs 125 crore, which has been attached by the Income Tax department due to the non-payment of dues as per Income Tax rules,» BJP national spokesperson Sambit Patra said. Referring to media reports, he said the Congress has about Rs 1,000 crore in its multiple bank accounts, opened with «multiple PAN» numbers in «violation of its own party constitution». The Congress also has a fixed asset of worth Rs 500 crore, the BJP leader claimed. He said the Income Tax Department has attached three-four bank accounts of the Congress due to the non-payment of outstanding Rs 135 crore as per rules.

The ghost of old Microsoft hung in the air this past week as the Justice Department took aim at Apple, accusing the tech giant of an improper monopoly with its iPhone. Chief Executive Tim Cook faces the likelihood that the next several years will be consumed with fighting antitrust lawyers intent on dismantling the pillars of the business empire he helped build after the death of Steve Jobs. Cook, who has overseen extraordinary profit and revenue growth since becoming Apple CEO in 2011, can hardly afford the timing of the latest fight.

By Richard Cowan, David Morgan and Makini Brice

The body of missing Missiouri college student Riley Strain has been found, police have confirmed.

By David Shepardson

Income tax e-filing: If you missed linking your PAN with Aadhaar by the June 2023 deadline and your PAN is inactive, don't worry, you can still file your income tax return. The income tax department had previously clarified that an inoperative PAN remains active. The deadline for individuals not requiring an audit for the Financial Year 2023-24 (Assessment Year 2024-25) to file their Income Tax Returns (ITR) is July 31, 2024.

The Philadelphia Police Department is seeing success in more recruits passing the entry physical fitness exam thanks to a new law that changed the standards

The Biden administration has announced up to $475 million in federal funding for clean energy projects on current or former mine land sites

Candy treats that use roller balls to let kids eat sweet liquid have been linked to choking, including at least one death

Insurance giant State Farm says it will discontinue coverage for 72,000 houses and apartments in California starting this summer

The Islamic State group has claimed responsibility for a deadly bombing that targeted people trying to collect their salaries at a bank in southern Afghanistan

A House committee has advanced a resolution to repeal a contentious Biden administration rule that sets stricter criteria for businesses classifying workers as independent contractors rather than employees.

Apple didn’t need any more trouble, but trouble has had a way of finding the iconic tech giant lately. The Justice Department sued Apple on Thursday, accusing the company of monopolistic behavior over the way it runs its iPhone business. “We allege that Apple has employed a strategy that relies on exclusionary, anticompetitive conduct that hurts both consumers and developers," Attorney General Merrick Garland said in announcing the case.

Hindustan Times. The bench also directed the Yogi Adityanath-led State government to accommodate students studying in Madarsas in other schools. The Lucknow bench comprised Justice Vivek Chaudhary and Justice Subhash Vidyarthi.

Investing.com — U.S. futures edged higher Friday, ending the week on a positive note after the Federal Reserve reaffirmed its plans to cut interest rates this year, potentially as soon as June.

Apple (NASDAQ:AAPL) stock closed 4% lower at $171.3 after the Department of Justice (DOJ) unveiled its long-anticipated lawsuit against the iPhone maker for violating antitrust regulations. AAPL remains one of the Magnificent Seven laggards in 2024, losing 11% year-to-date, while the broader S&P 500 gained roughly 10% during that period.

Investing.com-- Shares of SMIC sank on Friday, leading declines across major Chinese technology firms after the Biden administration suggested that China’s biggest chipmaker may have flouted U.S. export curbs to produce a new chip for a flagship Huawei phone. 

By Elvira Pollina and Martin Coulter

Mahindra & Mahindra: The Indian automaker has signed a Memorandum Of Understanding with Adani Total Energies E-Mobility to establish an electric vehicle charging network throughout India. This collaboration will also enable the automaker to introduce e-mobility solutions, ensuring consumer access to the charging infrastructure. Veejay Nakra, President of the Automotive Division at M&M Ltd, said this collaboration is crucial in improving the EV charging infrastructure and providing customers with seamless access to the charging network and digital integration for an unmatched EV experience.

US-listed stocks accessible to British customers through its app. However, the company's plans to introduce margin lending in the UK have been put on hold as discussions with regulators continue, according to Bloomberg. The Silicon Valley-based fintech giant has been actively diversifying its offerings, venturing into new markets and introducing products such as retirement accounts, credit cards, crypto, and cash accounts.