Department Financial News

U.S. applications for jobless benefits were unchanged last week, settling at a healthy level as the labor market continues to show strength amid elevated interest rates

Federal airport security officials have unveiled a passenger self-screening checkpoint at Harry Reid International Airport in Las Vegas that they plan to test this year before beginning to use it around the country

(Reuters) -Kroger on Thursday forecast annual sales and profit largely above Wall Street estimates on higher demand for groceries at its stores as more Americans prepare meals at home amid persistent inflation.

Investing.com — U.S. futures edged higher Thursday, as investors await the second day of testimony of Fed chief Jerome Powell’s two-day testimony before Congress.

Investing.com — Burlington Stores (NYSE:BURL) has posted fourth-quarter income that topped average analyst estimates, although the off-price department store chain flagged some caution around the short-term operating environment.

₹820 crore across multiple UCO Bank accounts. The agency had registered a case on November 21, 2023 on a complaint received from the UCO Bank. ALSO READ: UCO Bank says ₹820 crore erroneously credited to account holders, ₹649 crore recovered In the complaint It was alleged that between November 10 to November 13, 2023, IMPS inward transactions initiated from around 14,600 account holders of seven private banks were wrongfully credited in the accounts of over 41,000 UCO Bank account holders.

By Daniel Trotta

The American Century Cos. in 2021 admitted in a federal settlement with the Department of Justice that it had conspired with a wealth management firm also located in the Kansas City, Missouri, area, to dampen the local job market by suppressing and eliminating competition for workers.

The Justice Department says a former software engineer at Google has been charged with stealing artificial intelligence technology from the company while secretly working with two companies based in China

The House has passed a $460 billion package of spending bills that would keep money flowing to key federal agencies through the remainder of the budget year

A federal judge in Texas has ordered a 55-year-old U.S. agency that caters to minority-owned businesses to serve people regardless of race, siding with white business owners who claimed the program discriminated against them

Ground cinnamon sold in U.S. discount stores is contaminated with high levels of lead and should be discarded

Amid a crawfish shortage in Louisiana, Gov. Jeff Landry has issued a disaster declaration for the impacted industry

Stocks that traded heavily or had substantial price changes on Wednesday: CrowdStrike, Couchbase rise; Thor Industries, Nordstrom fall

“We are receiving the same input from the Cauvery that we have been getting. The water level in the basin is depleting, whereas demand in the city has increased without the borewell supplements,” officials at the Bangalore Water Supply and Sewerage Board (BWSSB) said. Deputy chief minister DK Shivakumar said that out of the city's 16,781 borewells, only 7,784 were currently operational, with 6,997 having dried up. The areas in the city’s tech belt, away from its centre, would be the most affected, said BWSSB officials. “These places have always used borewell water, never Cauvery, up until now,” they said.

Centre sends to states through the single nodal agency (SNA) will happen within a day from April 1, eliminating the need to park it outside the government account for more than 24 hours. The SNA account is used for transferring funds to states for centrally sponsored programmes and there are timelines for the expenditure. The settlement of unspent money currently happens on a quarterly or monthly basis. The Department of Expenditure and the Reserve Bank of India are working together to upgrade the SNA system to settle the unused amount by the states in real time, which will also eliminate disputes over the payment of interest earned on such unspent funds lying in state SNAs, officials in the know said. The government and the banking regulator have already launched a pilot project in five states and will implement it across India from April 1, they said.

government will offload a 7% stake in state-run lignite producer NLC India through the offer-for-sale (OFS) route, which includes a green shoe option of 2%, a top official said on Wednesday. It would rake in about ₹2,058 crore even if it offloads the 7% stake at the floor price set for this sale. The OFS opens on Thursday for non-retail investors, while retail ones can bid on March 11, Department of Investment and Public Asset Management (DIPAM) secretary Tuhin Kanta Pandey said in a post on X (formerly Twitter).

CBI) on Wednesday filed a supplementary chargesheet in the land-for-jobs case against three individuals, said people in the know. Those chargesheeted include Bhola Yadav, the then officer on special duty to RJD supremo Lalu Prasad when he was the Union railways minister. Besides Bhola Yadav, two candidates (including a woman), who allegedly secured jobs illegally in the railways by giving away their parcels of land to Lalu and his kin, have also been chargesheeted by the CBI. The fresh supplementary chargesheet covers the central wing of the railways department, said people quoted above. The CBI, in the fresh supplementary chargesheet, has submitted that Bhola Yadav played a crucial role in «facilitating» the land-for-jobs case. A hard disk was recovered from Bhola Yadav's computer during CBI raids in August 2022.

U.S. Bank Wealth Management senior vice president Lisa Erickson looks ahead to this week's retail earnings and Fed Chair Powell's testimony on Capitol Hill.

The Treasury Department says it has sanctioned two people and a Greece-based commercial spyware company headed by a former Israeli military officer that developed and distributed technology used to target U.S. government officials, journalists and poli...

A former producer of raw milk cheese has pleaded guilty to charges related to a deadly outbreak of listeria