Department Financial News

Toronto-Dominion Bank will pay more than US$20 million as part of a deal with U.S. prosecutors and regulators to resolve investigations over a former trader’s alleged placement of “spoof” orders to manipulate the U.S. Treasuries market.

A handful of states have rolled out rebates to consumers who make their homes more energy-efficient, just months after New York became the first state to do so, in May.

The National Highway Traffic Safety Administration says that General Motors’ Cruise autonomous vehicle division will pay a $1.5 million penalty as part of a consent order after the unit failed to fully report a crash involving a pedestrian

Port Talbot plant in South Wales hit a significant milestone on Monday when its Blast Furnace 4 ceased operations after over 100 years, marking an end of «legacy» steelmaking as the UK's largest steelworks transitions towards greener steelmaking. Steelmaking at the site is now set to resume in 2027-2028 as part of a British government-backed investment programme of around GBP 1.25 billion in Electric Arc Furnace-based steelmaking, using UK-sourced scrap steel. The Mumbai-headquartered steel giant said it is looking ahead to a «brighter, greener future» for the historic site and sustaining more than 5,000 jobs. «I am deeply conscious how difficult today is for everyone associated with our business. Throughout this transition, we are doing everything possible to minimise the impact on all those who are affected by the changes we are making,» Rajesh Nair, CEO of Tata Steel UK, said in a statement.

AFSPA) by another six months in Manipur excluding 19 police station areas falling under the Imphal valley and a region that shares its boundary with Assam. In a notification, the state government's Home Department said the extension will come into effect from October 1. «The state government is of the opinion after analysing the prevailing law and order situation in the state that it is not expedient to have a detailed assessment on the ground as security agencies are preoccupied with maintenance of law and order,» the notification said. The issue of declaration of Disturbed Area status is very sensitive and may likely attract public criticism and resistance if proper care is not taken, it said.

hiring. This system, intended to improve the recruitment process, was automatically rejecting all job candidates, including the manager's own application.

Delhi government has initiated a special audit of 12 DU colleges fully funded by it to investigate allegations of financial irregularities flagged by Chief Minister Atishi. The Directorate of Audit has assigned an eight-member team to conduct the special audit after a status report was submitted by a high-level committee. In an order issued last week, the Audit department directed the secretary of Directorate of Higher Education to instruct the colleges to make all necessary records available to the audit team. «I am directed to convey the approval of Competent Authority for conducting a Special Audit on the examination of issues related to 12 colleges (fully funded by the Delhi Government) affiliated with the University of Delhi, as per the status Report of the High Level Committee,» read the order dated September 27.

Terry Eagleton has just called Fredric Jameson, who passed Sunday before last, at 90, «the greatest cultural critic of his time, though the term 'cultural critic' is a mere place holder for a kind of intellectual work spanning aesthetics, philosophy, sociology, anthropology, psychoanalysis, political theory and the like, for which we have as yet no adequate name. There was nothing in the field of humanities which didn't claim his attention...

Whitmore, who has worked at Jupiter for over 17 years, announced back in January that he was leaving to set up his own boutique firm, Brickwood Asset Management. His departure date is set for «at least» 31 October, having been pushed back from the end of July to «facilitate a seamless handover with his successors», Jupiter previously said. JO Hambro's Savvides to take on Jupiter UK special sits as Ben Whitmore departs to launch boutique Savvides, who has long specialised in special situations and value investing, joins from JO Hambro where he ran the firm's UK Dynamic fund, but lef...

On Tuesday, the Labor Department releases data on job openings for August and shoe giant Nike reports its latest quarterly results

OpenAI used a system of nondisclosure agreements to stifle public criticism from outgoing employees. Current and former OpenAI staffers were paranoid about talking to the press. In May, one departing employee refused to sign and went public in The Times. The company apologized and scrapped the agreements. Then the floodgates opened. Exiting employees began criticizing OpenAI's safety practices, and a wave of articles emerged about its broken promises. These stories came from people who were willing to risk their careers to inform the public. How many more are silenced because they're too scared to speak out? Since existing whistle-blower protections typically cover only the reporting of illegal conduct, they are inadequate here. Artificial intelligence can be dangerous without being illegal. A.I. needs stronger protections — like those in place in parts of the public sector, finance and publicly traded companies — that prohibit retaliation and establish anonymous reporting channels. OpenAI has spent the last year mired in scandal. The company's chief executive was briefly fired after the nonprofit board lost trust in him. Whistle-blowers alleged to the Securities and Exchange Commission that OpenAI's nondisclosure agreements were illegal. Safety researchers have left the company in droves. Now the firm is restructuring its core business as a for-profit, seemingly prompting the departure of more key leaders.

health workers, including 3,000 doctors, to strengthen medical services in the state, Deputy Chief Minister Rajendra Shukla has said. Once a sufficient number of doctors and paramedical staff are available, the arrangements in the district hospitals as well as community and primary health centres will improve, Shukla said on Sunday. The deputy CM, who holds charge of the state health department, was talking to reporters in Rewa. He said 30,000 health workers, including 3,000 doctors, will be recruited in the state health department soon.

Election Commission suspended 23 government officials and seized a total of Rs 130 crores through enforcement agencies in violation of the Model Code of Conduct (MCC) guidelines during the Jammu-Kashmir assembly polls. As per the state election commission office, 20 employees had also been transferred from their incumbent offices to offices in other tehsils and districts against whom complaints were registered for acting in favour of a political party. Besides these, the commission had also disengaged six contractual and ad hoc employees for the violation of MCC guidelines.

Some residents east of Atlanta were evacuated and others told to shelter in place after a fire at a chemical plant

death toll climbed towards 100 after Hurricane Helene knocked out power for millions, destroyed roads and bridges and caused dramatic flooding from Florida to Virginia. The storm's winds, rain and storm surge killed at least 90 people in North Carolina, South Carolina, Georgia, Florida, Tennessee and Virginia, according to a Reuters tally of state and local officials. Officials feared still more bodies would be discovered.

tax audit report has been extended to October 7, 2024 for those taxpayers who are required by law to conduct an income tax audit of their accounts and submit the audit report on or before September 30, 2024. The report is required to be submitted online on the e-filing ITR portal. This extension is important as the penalty for submitting a tax audit report after the deadline is Rs 1.5 lakh or 0.5% of total sales, whichever is lower. “Central Board of Direct Taxes (CBDT) has decided to extend the specified date for filing of various reports of audit for the Previous Year 2023-24, which was 30th September, 2024 in the case of assessees referred in clause (a) of Explanation 2 to sub-section (1) of section 139 of the Act, to 07thOctober 2024,” said the Income Tax Department in a circular released on September 29, 2024.

The U.S. Justice Department said on Friday it charged a Florida man for allegedly threatening to kill one of his opponents in a 2022 Republican primary race for a U.S. House seat, which subsequently was won by Representative Anna Paulina Luna.

Rep. Jeff Van Drew, R-N.J., says possible port strikes across America could really 'exacerbate' supply chain problems on 'The Evening Edit.' 

Talk to the hukka-smoking elders playing cards in villages or those on their morning jogs in urban parks, the issue of migration of youth, especially through the 'dunki' route and drugs feature prominently. Dunki or the mule route, is the slang used to gain unauthorised entry into the US, UK, Canada and Australia. Angoor Devi, in her early 60s, at Narukhera village near Karnala asks her husband Chand Singh whether their son Vikas has called or not. Smoking a hukka, along with others from the village, Singh says he was still waiting for his call. A Jat, Singh who owns six acres, says the land he has is just sufficient for his entire family. «Aage ka bhi toh sochna pade hai, Yehi soch ke chora bahar chala gaya dunki mar ke (But we have to think about the future as well, that's why my son went abroad),» Singh says.

communal violence in Bhadrak, Odisha, said Satyajit Naik, DIG of the Eastern Range. Naik, along with police personnel, conducted a flag march in the Puruna Bazar area on Sunday. The Rapid Action Force (RAF) is also carrying out area domination operations to maintain peace. «We are conducting a flag march, and area domination will be performed by the RAF. The entire situation is under control. Section 144 has been imposed in this area, so we are doing the flag march to dominate the area. Seven persons have been arrested and taken to court,» the DIG said.

Subscribe to enjoy similar stories. When federal agent Chris Janczewski was trying to strangle the flow of money to an al Qaeda network in 2020, he first considered infiltrating an invite-only forum or hunting for clues on the dark web. Then the Internal Revenue Service criminal investigator found the group talking openly about its scheme in a public forum on Telegram—one of the thousands of channels where people discuss illicit activities ranging from peddling child porn to selling stolen identities.