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FDIC-Insured Institutions Report Net Income of $59.1 Billion in Fourth Quarter 2018

"The banking industry continued to report strong results," McWilliams said. "Growth in net income was attributable to higher net operating revenue and a lower effective tax rate. Loan balances expanded, net interest margins improved, and the number of ‘problem banks’ continued to decline. Community banks also had a strong quarter, with annual loan growth and a net interest margin that exceeded the overall industry."

Social Networking App Musical.ly Agrees to Settle Allegations That it Violated Children’s Privacy Law

App bans children from the popular lip-syncing app after $5.7 million fine

DOT Fines Delta Air Lines and American Airlines for Violating Tarmac Delay Rule

Under DOT rules, airlines operating aircraft with 30 or more passenger seats are prohibited from allowing their domestic flights to remain on the tarmac for more than three hours at U.S. airports

United States Wins WTO Dispute Finding China Provides Excessive Government Support to its Grain...

China’s market price support policy artificially raises Chinese prices for grains above market levels, creating incentives for increased Chinese production of agricultural products and reduced imports.

U.S. Department of Transportation Names 14 Members to the National In-Flight Sexual Misconduct Task...

The Task Force will review and evaluate current practices, protocols, and requirements of U.S. airlines in responding to and reporting allegations by passengers of sexual misconduct on board commercial aircraft.

U.S. Department of Labor Recovers $5,579,939 for 993 Employees Who Performed Hurricane Recovery Work...

$5,579,939 in back wages and benefits owed to 993 employees of nine subcontractors that provided power generator operation support for hurricane recovery efforts in Puerto Rico.

Department of Energy Announces $28 Million for Offshore Wind Energy

The projects will develop new technologies for floating, offshore wind turbines

Gymboree Stores Closing in Georgia, 900 Nationwide

900 Gymboree clothing stores are set to close across the nation and a number of them are in Georgia. The news came this week after...

Former Shaw Insider Sentenced to Federal Prison for Insider Trading

United States Attorney Brandon J. Fremin announced this week that U.S. District Judge John W. deGravelles sentenced KELLY LIU,  age 33, of Baton Rouge, Louisiana,...

OSHA: 43 fewer workplace fatalities in 2017 than the previous year

As thousands enter the workforce, there were 43 fewer workplace fatalities in 2017 than the previous year, according to the Bureau of Labor Statistics’...