Fortune Sky is Your Go-to Source for the Latest Finance News, Covering Markets, Business, Industries and Internet.
⎯ 《 Fortune • Sky 》
UAW members at General Dynamics plants ratify new tentative agreement
UAW members at General Dynamics plants ratify new tentative agreement
(Reuters) -The United Auto Workers (UAW) union on Monday said members at the General Dynamics plants at Ohio, Michigan and
2023-11-08 00:19
US Can’t Halt SMIC, Huawei’s Tech Advances, Chip Guru Says
US Can’t Halt SMIC, Huawei’s Tech Advances, Chip Guru Says
The US won’t be able to stop Chinese firms including Semiconductor Manufacturing International Corp. and Huawei Technologies Co.
2023-10-27 14:20
Analysis-US would struggle to block Exxon's politically unpopular megadeal
Analysis-US would struggle to block Exxon's politically unpopular megadeal
By Diane Bartz and David French The White House may have blamed Exxon Mobil for high energy prices
2023-10-07 04:48
Biggest African Port to Be Partially Privatized 
Biggest African Port to Be Partially Privatized 
Africa’s biggest harbor will be partly owned and operated by the Philippines’ International Container Terminal Services Inc., a
2023-07-17 22:56
Argentina’s Companies Rush to Raise Dollars Before Election Volatility
Argentina’s Companies Rush to Raise Dollars Before Election Volatility
Companies in Argentina are jumping at the chance to refinance their debt at rock-bottom rates as investors brace
2023-07-21 00:55
Global airlines say more work needed on gender diversity goals
Global airlines say more work needed on gender diversity goals
By Joanna Plucinska ISTANBUL Despite progress in improving gender diversity in the aviation sector, equality is still a
2023-06-06 16:45
Barrett Distribution Centers Announces Long-Term Partnership with High-Flying eCommerce Apparel Brand Nuuds
Barrett Distribution Centers Announces Long-Term Partnership with High-Flying eCommerce Apparel Brand Nuuds
FRANKLIN, Mass.--(BUSINESS WIRE)--Aug 21, 2023--
2023-08-22 05:57
US inflation is believed to have slowed sharply in June in a further sign of easing price pressures
US inflation is believed to have slowed sharply in June in a further sign of easing price pressures
U.S. inflation is expected to post its lowest level in more than two years in a report being released Wednesday — a slowdown that, if sustained, could lead the Federal Reserve to halt its interest rate hikes later this year
2023-07-12 12:20
Coca-Cola bottler CCEP intends to acquire Coke's Philippines business for $1.8 billion
Coca-Cola bottler CCEP intends to acquire Coke's Philippines business for $1.8 billion
Coca-Cola Europacific Partners said on Wednesday it intends to jointly acquire Coca-Cola Beverages Philippines with Aboitiz Equity Ventures
2023-08-02 14:51
UK’s Hot June Delivers Unexpected Boost for Retail Sales
UK’s Hot June Delivers Unexpected Boost for Retail Sales
Britain’s hottest June on record helped lift retail sales, pushing consumers into department stores and supermarkets to spend
2023-07-21 14:52
California man admits to hiding mother’s death and collecting $830k in benefits
California man admits to hiding mother’s death and collecting $830k in benefits
A California man pleaded guilty last week to hiding his mother’s death from the federal authorities for over 30 years, collecting more than $800,000 in benefits under her name. Donald Felix Zampach, 65, pleaded guilty to one count of money laundering and one count of Social Security fraud, according to the Justice Department. “This crime is believed to be the longest-running and largest fraud of its kind in this district,” US Attorney Randy Grossman said in a statement. “This defendant didn’t just passively collect checks mailed to his deceased mother. This was an elaborate fraud spanning more than three decades that required aggressive action and deceit to maintain the ruse.” All told, beginning in 1990, the Poway man collected $830,238. He could face up to 25 years in prison, though US sentencing guidelines suggest it will more likely be a sentence of 30 to 37 months. “He is overwhelmed with regret,” Knut Johnson, Zampach’s lawyer, told The New York Times. As part of his plea deal, Zampach will forfeit the benefit, pay restitution to various lenders, and turn over the home he took possession of in his mother’s name. The benefits scheme was an elaborate one, according to the DoJ. When Zampach’s mother was diagnosed with pancreatic cancer, she left the US and returned to her native Japan, where she died in 1990 at age 61. Her son notified the US embassy in Tokyo of the death, but admitted to leaving blank a box for her Social Security number to avoid the government being aware of her passing, and he repeated this omission on forms for burial permits. Zampach kept up this ruse until September 2022, collecting his mother’s Social Security checks and payments from the Defense Finance Accounting Service, which pays survivors of military veterans. An audit of those over age 90 who hadn’t used their Medicare benefits helped reveal the California man’s scheme. This sort of fraud has happened in the past. In 2018, a Mexican man pleaded guilty to defrauding the government for even longer, spending 37 years collecting nearly $361,000 in government benefits after assuming the identity of a US citizen, according to The San Diego Union Tribune. In 2015, Dutch police learned that a man kept his dead mother’s body hidden for over two years and continued collecting her pension and social assistance payments. He was later caught and forced to repay 40,000 euros, according to 1 Limburg. Read More Real Housewives star Phaedra Parks reveals why she gave her son $150,000 for his 13th birthday Mastercard helping banks predict scams before money leaves customers’ accounts Vermont will pay $16.5M to settle lawsuits by foreign investors in fraudulent ski developments
2023-07-07 03:27
Northwell’s Dr. Jennifer H. Mieres Recognized Among Modern Healthcare's Top Diversity Leaders in Healthcare
Northwell’s Dr. Jennifer H. Mieres Recognized Among Modern Healthcare's Top Diversity Leaders in Healthcare
NEW HYDE PARK, N.Y.--(BUSINESS WIRE)--Oct 23, 2023--
2023-10-23 23:18