Corporate crime

Third Circuit Court of Appeals Releases Decision on FTC vs Innovative Designs Court Case

Thursday, July 29, 2021 - 12:00pm

The FTC sued IDI under Section 5(a) of the FTC Act, alleging that IDI overstated the insulation power (or R-values) of its Insultex house wrap products and falsely claimed that using Insultex saves energy.

Key Points: 
  • The FTC sued IDI under Section 5(a) of the FTC Act, alleging that IDI overstated the insulation power (or R-values) of its Insultex house wrap products and falsely claimed that using Insultex saves energy.
  • The R-value of an insulation product is the numeric measure of its ability to restrict heat flow and, as a result, reduce energy costs.
  • The FTC appealed the courts decision to the United States Court of Appeals, Third Circuit.
  • Court records were filed on July 22, 2021, affirming Judge Nora Fishers decision, and denying the Federal Trade Commissions request for an appeal.

Compass Group Transforms Facilities Management Identity As Workplace Expectations Change

Thursday, July 29, 2021 - 3:26pm

Known worldwide as the leading food and support services provider, Compass Group is revolutionizing its U.S. corporate facilities management (FM) division with new industry-leading operational programs designed to help clients elevate the workplace experience.

Key Points: 
  • Known worldwide as the leading food and support services provider, Compass Group is revolutionizing its U.S. corporate facilities management (FM) division with new industry-leading operational programs designed to help clients elevate the workplace experience.
  • This new identity comes as building owners welcome employees back to the workplace with enhanced safety protocols and amenities that enhance their office environment, including concierge services, flexible workspaces, and on-demand facility services.
  • After developing new programs like hospital-grade cleaning protocols and a company-wide hospitality training during the pandemic, Eurest Services is relaunching as ESFM, which stands for Elevating Solutions in Facilities Management.
  • The new name fully reflects the vast portfolio of Integrated Facilities Management (IFM) solutions offered to clients throughout the U.S.

Chevron Announces Leadership Changes

Thursday, July 29, 2021 - 2:00pm

Chevron Corporation (NYSE: CVX) today named Jeff Gustavson president, Chevron New Energies, effective August 2, 2021.

Key Points: 
  • Chevron Corporation (NYSE: CVX) today named Jeff Gustavson president, Chevron New Energies, effective August 2, 2021.
  • Gustavson will serve as a corporate officer and report to Chevron Chairman and CEO Michael Wirth.
  • Chevron New Energies initial focus will include commercialization opportunities in hydrogen, carbon capture, and offsets and support of ongoing growth in biofuels.
  • Gustavson is currently vice president of Chevron North America Exploration & Production Company and oversees its Mid-Continent Business Unit.

NovoNutrients Scaling Up with Project Funding Plus $9M in Equity

Thursday, July 29, 2021 - 1:31pm

SUNNYVALE, Calif., July 29, 2021 /PRNewswire/ -- NovoNutrients, an alternative proteins company that uses industrial carbon dioxide emissions, cheap hydrogen and naturally occurring microbes to create high-grade proteins for human and animal consumption, today announced a $4.7 million raise led by Hong Kong-based global venture firm, Happiness Capital.

Key Points: 
  • NovoNutrients previously raised $4.3 million in venture backing, as well as a multiple of that in non-dilutive, corporate project funding commitments.
  • NovoNutrients will use the project funding to complete its industrial pilot program, which captures CO2 emissions, at an oil and gas and/or cement-related plant.
  • "The executive team has achieved tremendous support, not only from us, but also from prior visionary investors, as well as project funding from powerful corporate partners."
  • Kumiko Yoshinari, NovoNutrients' VP of Strategic Partnerships, noted "Non-dilutive project funding from corporate partners, including a Catalyst Grant from Chevron Technology Ventures, is a critical accelerator.

Chevron Announces Quarterly Dividend

Wednesday, July 28, 2021 - 9:30pm

The Board of Directors of Chevron Corporation (NYSE: CVX) declared a quarterly dividend of one dollar and thirty-four cents ($1.34) per share, payable September 10, 2021 to all holders of common stock as shown on the transfer records of the Corporation at the close of business August 19, 2021.

Key Points: 
  • The Board of Directors of Chevron Corporation (NYSE: CVX) declared a quarterly dividend of one dollar and thirty-four cents ($1.34) per share, payable September 10, 2021 to all holders of common stock as shown on the transfer records of the Corporation at the close of business August 19, 2021.
  • Chevron is one of the worlds leading integrated energy companies.
  • We believe affordable, reliable and ever-cleaner energy is essential to achieving a more prosperous and sustainable world.
  • Chevron produces crude oil and natural gas; manufactures transportation fuels, lubricants, petrochemicals and additives; and develops technologies that enhance our business and the industry.

Chartwells Higher Education Launches Joy-Ful, a New Year-Long Celebration of Being Back Together on Campus

Wednesday, July 28, 2021 - 7:01pm

"Many students returning this fall were deprived of the typical college experience last year, and a big part of that takes place in the dining hall," said Lisa McEuen, CEO of Chartwells Higher Education.

Key Points: 
  • "Many students returning this fall were deprived of the typical college experience last year, and a big part of that takes place in the dining hall," said Lisa McEuen, CEO of Chartwells Higher Education.
  • Throughout the school year, students will be invited to four signature Joy-Ful events taking place in unison across school campuses nationwide.
  • The first signature event in September is a welcome back "Food Festi-Ful" that will feature popular street food menus and unique celebrations customized by each campus.
  • This multifaceted national campaign is just one way Chartwells Higher Education is bringing students together in special, memorable, and impactful ways.

Puerto Rico Police Association Launches Affordable Consumer Lending Platform for First Responders

Tuesday, July 27, 2021 - 4:22pm

The Puerto Rico Police Members Association (AMPPR), in partnership with Orchid Funding LLC (Orchid), is proud to announce the launch of a new lending program to its members, public employees, and pensioners.

Key Points: 
  • The Puerto Rico Police Members Association (AMPPR), in partnership with Orchid Funding LLC (Orchid), is proud to announce the launch of a new lending program to its members, public employees, and pensioners.
  • The programs principles will ensure each loan is based on Consumer Financial Protection Bureau (CFPB) guidance; which intends that borrowers do not become overburdened and will offer loans at a lower rate than other Puerto Rico lending sources.
  • The program will initially focus on funding AMPPR members, and, over time, be available to most Puerto Rico government/municipal employees and pensioners.
  • In support of this consumer lending platforms launch, AMPPR and Orchid closed a $25 million credit facility with Celeres Capital Advisors LLC, Medalist Partners LP, and co-investors.

Fat Projects Acquisition Corp. Appoints Senior Advisory Board

Wednesday, July 28, 2021 - 2:00am

Fat Projects Acquisition Corp. (the Company or FATP), who recently filed for a proposed US$100 million initial public offering (IPO) with the Securities and Exchange Commission (the "SEC") sponsored by an affiliate of Fat Projects Pte.

Key Points: 
  • Fat Projects Acquisition Corp. (the Company or FATP), who recently filed for a proposed US$100 million initial public offering (IPO) with the Securities and Exchange Commission (the "SEC") sponsored by an affiliate of Fat Projects Pte.
  • Ltd., today announced the appointment of its Senior Advisory Board, effective immediately.
  • The Senior Advisory Board comprises five individuals including Alan Beattie, Jonathan Cohen, Shinta Dhanuwardoyo, Ziad Kabbara, and Axel Winter.
  • Our Senior Advisory Board along with our Board provides us personal access to founders and technology-led companies in our target growth markets of Southeast Asia (SEA), said David Andrada, Co-Chief Executive Officer and Chief Financial Officer.

Four Seasons Education Provides Update on New Regulations

Monday, July 26, 2021 - 9:30pm

The Opinion also provides that institutions providing after-school tutoring services on academic subjects in high schools (which do not fall within China's compulsory education system) shall take into consideration the Opinion when conducting activities.

Key Points: 
  • The Opinion also provides that institutions providing after-school tutoring services on academic subjects in high schools (which do not fall within China's compulsory education system) shall take into consideration the Opinion when conducting activities.
  • Further information regarding risks and uncertainties faced by the Company is included in the Company's filings with the U.S. Securities and Exchange Commission, including its annual reports on Form 20-F.
    About Four Seasons Education (Cayman) Inc.
    Four Seasons Education (Cayman) Inc. is a leading Shanghai based educational company dedicated to providing comprehensive after-school education services with a focus on high-quality math education.
  • Over the years, the quality of the Company's education services has been demonstrated by its student outstanding academic performance.
  • For investor and media inquiries, please contact:
    Four Seasons Education (Cayman) Inc.

FTC Rescinds 1995 Policy Statement that Limited the Agency’s Ability to Deter Problematic Mergers

Saturday, July 24, 2021 - 10:07pm

The Federal Trade Commission voted in an open Commission meeting to rescind a 1995 policy statementthat made it more difficult and burdensome to deter problematic mergers and acquisitions.

Key Points: 
  • The Federal Trade Commission voted in an open Commission meeting to rescind a 1995 policy statementthat made it more difficult and burdensome to deter problematic mergers and acquisitions.
  • By rescinding this policy statement, the FTC regains a valuable law enforcement tool.
  • Since the 1995 Policy Statement was implemented, the Commission has been forced to re-review the same transaction on numerous occasions at considerable expense.
  • The Commission voted 3-2 to rescind the policy statement in an open Commission meeting live streamed to its website.