Former employees of bankrupt Steward Health Care may soon collectively lose tens of millions of dollars in retirement savings, as financial reckoning continues for the system that once operated eight hospitals in Massachusetts. Those employees put their trust — and their savings — with the company, only to see their retirement funds revert to Steward
Malaysia’s anti-corruption agency is pushing for sweeping new powers to strike deals with suspects and recover illicit funds before they can vanish overseas – a move officials say could help plug billions of dollars lost to money laundering and organised crime. Criminal syndicates are increasingly using Malaysia to launder money, authorities warn, while the country
Britain’s GlobalData said on Wednesday it had received preliminary takeover proposals from funds managed by private equity groups ICG and KKR, sending its shares up as much as 35.9 per cent. The data analytics and consulting company said it was in talks with both parties and they have to announce a firm intention to make
REDWOOD CITY – A jury on Wednesday found a former Caltrain deputy director guilty of embezzling public funds to build a personal “crash pad” in a historic Burlingame train station, declining the defense’s argument that his supervisor had given him permission to put the funds toward renovating the apartment and residing there while working 80-hour
New York Attorney General Letitia James is leading a coalition of 21 attorneys general in a legal push to restore federal funding for fair housing organizations. The effort responds to a sudden decision by the U.S. Department of Housing and Urban Development (HUD) to cancel 78 grants in February 2025. These grants supported nonprofit groups
The United States is living through the most intense period of geopolitical competition since the end of the Cold War, and its strategic rivals—China, Iran, and Russia—have expressed a shared desire to disrupt the U.S.-led international order. To quote former Deputy National Security Advisor for International Economics and prominent sovereign wealth fund advocate Daleep Singh,
Lucio Vasquez / Houston Public Media A car drives through an electronic tolling facility on the Hardy Toll Road on March 14, 2022. State legislation that would require Harris County to send 30% of its surplus toll road funds to the City of Houston is one step closer to becoming law after passing the Texas
The New Jersey Election Law Enforcement Commission (ELEC) today disbursed more than $750,000 in matching funds to five gubernatorial candidates, the majority going to Democratic Newark Mayor Ras Baraka and former conservative radio host Bill Spadea. ELEC disbursed $333,901 to Baraka, bringing him to $2,866,785 total, or 52% of the $5.5 million cap. Spadea received
The good news is that the state’s schools are not going to lose $418 million in federal funding they feared was lost last month when federal officials abruptly announced they were clawing back unspent pandemic recovery funds. The bad news is that the state could still be out $232.1 million, the Maryland Board of Education
NEW YORK — Mayor Eric Adams’ federal corruption indictment is dead, but New York City’s Campaign Finance Board isn’t forgetting about it. The board will continue to deny Adams’ reelection campaign $4 million in public matching funds due to his indictment, as it still has “reason to believe” he and his team broke “various” federal