Federal

Certain DWS Closed-End Funds Declare Monthly Distributions

Retrieved on: 
Monday, April 8, 2024
Banking, Professional Services, Finance, Legislation, Nature, Risk, War, Fund, Terrorism, Bankruptcy, Investment, Sale, Federal, KTF, Virus, Security (finance)

When distributions exceed total return performance, the difference will reduce a Fund’s net asset value.

Key Points: 
  • When distributions exceed total return performance, the difference will reduce a Fund’s net asset value.
  • The final determination of the source and tax status of all distributions paid in 2024 will be made after the end of 2024 and will be provided on Form 1099-DIV.
  • Although the fund seeks income that is exempt from federal income taxes, a portion of the fund’s distributions may be subject to federal, state and local taxes, including the alternative minimum tax.
  • Closed-end funds, unlike open-end funds, are not continuously offered.

Project Navigator, Ltd. Joins Verdantas, Strengthening CERCLA Site Project Coordination and Strategic Environmental Management, and Remediation Services

Retrieved on: 
Monday, April 8, 2024
Professional Services, Engineering, Environment, Other Construction & Property, Manufacturing, Construction & Property, Consulting, RCRA, Risk management, Growth, Entrepreneurship, Partner (business rank), Partnership, Federal, Data, Superfund, Digital technology, Collaboration, PNL, Multimedia, CERCLA, State

PNL is a recognized leader in the environmental sector for stewarding complex, multi-party sites to closure.

Key Points: 
  • PNL is a recognized leader in the environmental sector for stewarding complex, multi-party sites to closure.
  • "PNL brings robust program management capabilities for CERCLA and RCRA sites, along with technology-focused service offerings that complement our existing environmental assessment and remediation practice.
  • By joining Verdantas, we can offer an expanded suite of project management and remediation services, tailoring solutions to meet their diverse needs.
  • The addition of PNL continues to drive our thesis by creating a Texas presence and additional growth into the environmental remediation and visual digitalization space.”

The Czechoslovak Group Highlights the Benefits of Its Planned Acquisition of Vista Outdoor’s Sporting Products Business, The Kinetic Group

Retrieved on: 
Monday, April 8, 2024
Defense, Aerospace, Manufacturing, Military, Government Technology, Other Defense, Contracts, Kinetic, Firearm, Vista Outdoor, Growth, CFIUS, Czechoslovak Group, JPMorgan Chase, Committee, Acquisition, CCI, Foreign investment, Kinetic Group, Fiocchi Munizioni, Plant, CSG, Hart–Scott–Rodino Antitrust Improvements Act, Federal, Federal Trade Commission

CSG also highlighted the benefits of its planned Acquisition:

Key Points: 
  • CSG also highlighted the benefits of its planned Acquisition:
    “CSG is a leading industrial technology company operating across strategic business segments including defense, aerospace, ammunition and mobility.
  • We look forward to successfully closing the Acquisition of The Kinetic Group and becoming the steward of such venerable American brands as Federal, CCI and Remington.
  • CSG understands the special importance to American consumers of the brands that are part of The Kinetic Group.
  • Working alongside Vista Outdoor, we are actively engaged in the process and believe we will secure all required approvals.

Bank of South Carolina Corporation Announces First Quarter Earnings

Retrieved on: 
Tuesday, April 9, 2024
Federal Reserve, Federal, Bank, OTCQX

CHARLESTON, S.C., April 9, 2024 /PRNewswire/ -- The Bank of South Carolina Corporation (OTCQX: BKSC) announced unaudited earnings of $1,375,796 or $0.25 basic and diluted earnings per share for the quarter ended March 31, 2024 – a decrease of $212,983, or 13.41%, from earnings for the quarter ended March 31, 2023 of $1,588,779 or $0.29 and $0.28 basic and diluted earnings per share, respectively.

Key Points: 
  • CHARLESTON, S.C., April 9, 2024 /PRNewswire/ -- The Bank of South Carolina Corporation (OTCQX: BKSC) announced unaudited earnings of $1,375,796 or $0.25 basic and diluted earnings per share for the quarter ended March 31, 2024 – a decrease of $212,983, or 13.41%, from earnings for the quarter ended March 31, 2023 of $1,588,779 or $0.29 and $0.28 basic and diluted earnings per share, respectively.
  • When compared to last quarter, we produced higher net interest income, net income, and book value per share.
  • These improved results are in large part due to strong commercial loan activity experienced during the quarter that propelled average loan growth of 2.5%.
  • Meanwhile, credit quality is sound and non-performing assets minimal, and we are encouraged to be ahead of our 2024 profit plan to-date.

C2Sense® and Princeton BioMeditech Receive Second Award from NIH RADx® Tech High Performance Program for Digitally Connected, At-Home Diagnostic Reader and Multiplex COVID-19/Flu A&B Rapid Test

Retrieved on: 
Tuesday, April 9, 2024
Medical imaging, ACME, Halo, Human services, SARS-CoV-2, NIH, Acceleration, Clinical trial, National Institutes of Health, POC, BBC, Omicron, Biological engineering, Bangladesh Technical Education Board, Federal, Health department, PBM, Princeton University

The companies are currently planning their upcoming clinical trial, regulatory submission, and transfer to manufacture.

Key Points: 
  • The companies are currently planning their upcoming clinical trial, regulatory submission, and transfer to manufacture.
  • "After rigorous testing and intensive data collection, Halo®, used in conjunction with the PBM multiplex rapid test, continues to demonstrate outstanding sensitivity and reliability," said Jason Cox, Ph.D., CEO at C2Sense.
  • "Powered by our latest algorithm release, the price vs. performance of our Halo reader is unparalleled."
  • As always, we remain committed to providing our customers with the best possible solution for at-home testing," added Cox.

Recon Launches New Police Interceptor E-Bike & Training Center

Retrieved on: 
Tuesday, April 9, 2024
Law enforcement agency, Panasonic, LCD, Federal, Special reconnaissance, Bicycle, First responder, Interceptor, MPower, Law enforcement

FORT WAYNE, Ind., April 9, 2024 /PRNewswire/ -- Recon Power Bikes announces the release of their all-new Police Interceptor E-Bike for Law Enforcement.

Key Points: 
  • FORT WAYNE, Ind., April 9, 2024 /PRNewswire/ -- Recon Power Bikes announces the release of their all-new Police Interceptor E-Bike for Law Enforcement.
  • The Interceptor features a 750-1,000-watt heavy duty mid-drive motor powered by a 48-volt 21Ah Panasonic battery pack.
  • Recon Power Bikes is the leading manufacturer of E-Bikes for Law Enforcement, First Responders, Federal Agencies, and the Military.
  • Recon E-Bikes are utilized by over five hundred Law Enforcement Agencies in all 50 States and three branches of the U.S. Military.

OmniSync Completes Key Pilot Contracts to Support the Federal SBIR/STTR Ecosystem

Retrieved on: 
Tuesday, April 9, 2024
Transfer, Aircraft, Congress, SBA, Data science, SAN, SBIR, STTR, History, News, Small Business Innovation Research, Small business, Investment, Ecosystem, OII, DOE, State, Federal

SAN DIEGO, April 9, 2024 /PRNewswire/ -- California-based software and services startup OmniSync Incorporated announces the successful completion of two key pilot contracts aimed at expanding support to the Federal grant/contract ecosystem.

Key Points: 
  • SAN DIEGO, April 9, 2024 /PRNewswire/ -- California-based software and services startup OmniSync Incorporated announces the successful completion of two key pilot contracts aimed at expanding support to the Federal grant/contract ecosystem.
  • Under these pilots, OmniSync has collaboratively curated, distributed, and actively scouted content and key professionals relevant to the Small Business Innovation Research (SBIR) program, under the higher-level guidance of Federal agencies.
  • Curating relevant content to support this newsletter is one of the key goals of the pilot that was executed successfully by OmniSync.
  • Dr. Rupak Doshi, CEO of OmniSync commented - "OmniSync has taken pride in always pushing boundaries to see how we can continuously support the Federal grants and contracts ecosystem.

Gogo Secures FCC Regulatory Approval for Gogo Galileo Terminals

Retrieved on: 
Tuesday, April 9, 2024
LEO, FCC, Bombardier Challenger 300, Certification, HDX, Motion, ESIM, Gogo Business Aviation, Federal, FDX, Federal Communications Commission

BROOMFIELD, Colo., April 9, 2024 /PRNewswire/ -- Gogo Business Aviation (NASDAQ: GOGO) today announced that the Federal Communications Commission (FCC) has granted regulatory approval for the Gogo Galileo HDX and FDX antenna terminals for business aircraft.

Key Points: 
  • BROOMFIELD, Colo., April 9, 2024 /PRNewswire/ -- Gogo Business Aviation (NASDAQ: GOGO) today announced that the Federal Communications Commission (FCC) has granted regulatory approval for the Gogo Galileo HDX and FDX antenna terminals for business aircraft.
  • The FCC Earth station in motion (ESIM) regulatory license grants Gogo the authority to commercialize and operate the terminals, which are integral to its Gogo Galileo low Earth orbit (LEO) global broadband service, on US-registered aircraft, and those registered in other countries within U.S. territory including territorial waters.
  • *
    "Receiving the ESIM license for the HDX and FDX terminals represents an important milestone in bringing the Gogo Galileo service to market by year end," said, Crystal Gordon, executive vice president, general counsel and corporate secretary for Gogo.
  • Track important milestones in the development of Gogo Galileo with Gogo's milestone tracker .

From the Tax Law Offices of David W. Klasing - CFO of Offshore Company Sent to Federal Prison over Undisclosed Foreign Accounts and Unreported Offshore Income

Retrieved on: 
Tuesday, April 9, 2024
IRS, Crime, Tax, Government, Arizona State University, PwC, Law, CFO, Risk, EAS, CPA, Record, Coutts, Tax law, Accounting, Bank, Fraud, Offense, Multimedia, Federal, FBAR

For instance, low-income earners might engage in tax evasion by underreporting their income or overstating deductions to minimize tax liability.

Key Points: 
  • For instance, low-income earners might engage in tax evasion by underreporting their income or overstating deductions to minimize tax liability.
  • In 2023, a former offshore Chief Financial Officer, "CFO" received an 86-month prison sentence for concealing assets and income from tax authorities.
  • After Coutts Bank made an initiative to comply with U.S. tax reporting requirements, The offshore CFO moved the funds to Hyposwiss.
  • However, in the years that followed, the offshore CFO continued to mislead his accountant regarding his foreign accounts.

Michael Fernández of V-me Media Inc. Appointed As Member of The FCC Communications Equity and Diversity Council (CEDC)

Retrieved on: 
Monday, March 25, 2024
FCC, Employment, Disability, Communication, Religion, Committee, Digital newspaper, Small business, Marketing, Commission, Woman, Federal, CEDC, Federal Communications Commission

MIAMI, March 25, 2024 (GLOBE NEWSWIRE) -- V-me Media Inc. is pleased to announce that Michael Fernández, our VP of Marketing & People has been named to the Federal Communications Commission (FCC) Communications Equity and Diversity Council.

Key Points: 
  • MIAMI, March 25, 2024 (GLOBE NEWSWIRE) -- V-me Media Inc. is pleased to announce that Michael Fernández, our VP of Marketing & People has been named to the Federal Communications Commission (FCC) Communications Equity and Diversity Council.
  • “I am honored to have been selected by the FCC to support this very important diversity initiative,” Michael Fernández said.
  • “This appointment provides a significant platform to advocate for and enhance the visibility and influence of Hispanic-owned and operated media companies, like V-me Media.
  • The CEDC will hold its first meeting on Wednesday, March 27, 2024.