NEW YORK (AP) — Disgraced former U.S. Rep. George Santos has reported to a federal prison in New Jersey to begin serving a seven-year sentence for the fraud charges that got him ousted from Congress. The federal Bureau of Prisons said Friday that the New York Republican reported to the Federal Correctional Institution in Fairton.…… MORE
Education Department Says It Will Release Billions In Remaining Withheld Grant Money For Schools
WASHINGTON (AP) — The Trump administration is releasing billions of dollars in grants to schools for adult literacy, English language instruction and other programs, the Education Department said Friday. President Donald Trump’s administration had withheld over $6 billion in funding on July 1 as part of a review to ensure spending aligned with the White…… MORE
Intel Cuts Back Spending, Workforce As Struggling Chip Maker Mounts Comeback
Intel Corp. is shedding thousands of workers and cutting expenses as its new CEO works to revive the struggling chipmaker’s fortunes. In a memo to employees, CEO Lip-Bu Tan said Intel plans to end the year with 75,000 “core” workers. That’s down from 99,500 employees at the end of last year, through layoffs and attrition.…… MORE
Federal Regulators Approve Paramount’s $8 Billion Deal With Skydance, Capping Months Of Turmoil
NEW YORK (AP) — Federal regulators on Thursday approved Paramount’s $8 billion merger with Skydance, clearing the way to close a deal that combined Hollywood glitz with political intrigue. The stamp of approval from the Federal Communications Commission comes after months of turmoil revolving around President Donald Trump’s legal battle with “60 Minutes,” the crown…… MORE
UnitedHealth Says It Is Under A Federal Investigation And Cooperating
UnitedHealth Group says it is cooperating with federal criminal and civil investigations involving its market-leading Medicare business. The health care giant said Thursday that it had contacted the Department of Justice after reviewing media reports about investigations into certain elements of its business. The Wall Street Journal has been reporting that federal officials had launched…… MORE