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FRB News: Federal Reserve Board prohibits former president, CEO of NBRS Financial from participating in the banking industry

WASHINGTON – The Federal Reserve Board on Friday announced it is prohibiting Jacob H. Goldstein, a former president and CEO of NBRS Financial, Rising Sun, Maryland from participating in the banking industry. The Board found that Goldstein engaged in unsafe and unsound practices, violations of law, and breached his fiduciary duties to NBRS Financial, by … Continue reading FRB News: Federal Reserve Board prohibits former president, CEO of NBRS Financial from participating in the banking industry

WASHINGTON | Justice lawyers try to halt Trump financial records release

WASHINGTON— Justice Department lawyers asked a federal judge Friday to let them file a legal appeal that could, for now, keep President Donald Trump’s critics from getting access to financial records related to his Washington, D.C., hotel. Trump has been fighting multiple lawsuits that argue that foreign representatives’ spending money at the Trump International Hotel … Continue reading WASHINGTON | Justice lawyers try to halt Trump financial records release

NEW YORK | The Latest: Tesla shares drop 9 percent after Musk interview

NEW YORK  — The Latest on Tesla CEO Elon Musk (all times local): 4:00 p.m. Tesla shares are closing with a loss of $29.95, about 9 percent, at $305.50 after CEO Elon Musk told the New York Times that the stress of the job is getting to him. The company lost $5.5 billion in market … Continue reading NEW YORK | The Latest: Tesla shares drop 9 percent after Musk interview

PHOENIX | Sales director for Backpage.com pleads guilty to conspiracy

PHOENIX— The sales and marketing director of Backpage.com pleaded guilty to conspiring to facilitate prostitution in a scheme to give free ads to prostitutes in a bid to draw them away from competitors. The plea Friday by Dan Hyer marked the second Backpage.com employee to plead guilty in cases in Arizona in which the site … Continue reading PHOENIX | Sales director for Backpage.com pleads guilty to conspiracy

SOUTHAMPTON, N.Y | Trump at Hamptons fundraiser hosted by hot dog magnate

SOUTHAMPTON, N.Y — President Donald Trump is in the Hamptons for a closed-door fundraiser being hosted by one of his closest friends who is chairman of the iconic Nathan’s Famous hot dog business. Trump is participating in a roundtable with high-dollar donors in Southampton before delivering remarks at a luncheon at a private residence. The … Continue reading SOUTHAMPTON, N.Y | Trump at Hamptons fundraiser hosted by hot dog magnate

WASHINGTON | Trump asks SEC to consider ending required quarterly reports

WASHINGTON — President Donald Trump says he’s asking federal regulators to consider scrapping the requirement for public companies to report quarterly results, after business executives told him twice-yearly reports would make better economic sense. In a tweet early Friday, Trump said that after speaking with several top business leaders, he’s asking the Securities and Exchange … Continue reading WASHINGTON | Trump asks SEC to consider ending required quarterly reports

NEW YORK | US stocks inch higher as big dividend companies rise

NEW YORK — U.S. stocks are slightly higher at midday Friday as a dip in bond yields sends high-dividend companies upward and strong sales from Deere help industrial companies. Chipmakers are sliding, leading losses for technology companies. Tesla is falling further on reports of a growing government investigation into the company. KEEPING SCORE: The S&P … Continue reading NEW YORK | US stocks inch higher as big dividend companies rise

ANKARA, Turkey | Getting personal: US, Turkish leaders feud over arrest

ANKARA, Turkey  — A detained American pastor has become a symbol of a growing rift between Turkey and the United States, but problems in the Cold War-era alliance as well as Turkey’s own financial crisis are unlikely to dissipate even if he is released and Washington eases economic penalties. The fate of Andrew Brunson, charged … Continue reading ANKARA, Turkey | Getting personal: US, Turkish leaders feud over arrest