Baker Hughes discloses SEC probe over projects affected by U.S. sanctions

Oilfield services provider Baker Hughes said the Securities and Exchange Commission is conducting an investigation into the company’s sale of products in projects that were impacted by U.S. sanctions. Baker was notified in December of the SEC’s formal investigation into its records and internal controls related with sales at the impacted projects, the company disclosed […]

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Eight U.S. auto state governors urge Biden to press semiconductor firms on chip shortage

A bipartisan group of eight governors from U.S. auto states on Friday urged Democratic U.S. President Joe Biden to do more to press semiconductor firms to address a global shortage of automotive chips that has cut some vehicle production. The governors of Michigan, Indiana, Ohio, Kentucky, Kansas, South Carolina, Alabama and Missouri asked Biden in […]

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United Airlines to pay $49.5 million to settle U.S. international mail contract probe

United Airlines has agreed to pay $49.5 million to resolve criminal charges and civil claims relating to fraud on Postal Service contracts for transportation of international mail, the U.S. Justice Department said Friday. “United defrauded the U.S. Postal Service by providing falsified parcel delivery information over a period of years and accepting millions of dollars […]

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