Archive for June, 2014

IMF Executive Board Approves 3-Year US$21.7 Million Extended Credit Facility Arrangement for Grenada and Concludes 2014 Article IV Consultation

Comments Off | 06-30-2014

The Executive Board of the International Monetary Fund (IMF) today approved a three-year SDR 14.04 million (about US$21.7 million, 120 percent of quota) arrangement under the Extended Credit Facility (ECF) for Grenada and concluded the 2014 Article IV consultation.1 The approval enables the immediate disbursement of an amount equivalent to SDR 2.04 million (about US$3.2 [...]

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IMF Executive Board Completes Sixth Review Under the ECF Arrangement for the Kyrgyz Republic and Approves US$14.7 Million Disbursement

Comments Off | 06-30-2014

The Executive Board of the International Monetary Fund (IMF) today completed the sixth and final review of the Kyrgyz Republic’s economic performance under the program supported by a three-year, SDR 66.6 million (about US$106 million at the time of approval) arrangement under the Extended Credit Facility (ECF)1. The completion of the review enables an immediate [...]

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WB/Brazil: State of Bahia to Stimulate Competitiveness of Rural Family Agriculture Productivity

Comments Off | 06-30-2014

More than 56,000 families (approximately 200,000 people) will benefit from a US$ 150 million loan approved today by the World Bank Board of Directors. The Bahia Sustainable Rural Development Project will provide assistance for small rural producers to increase their outputs and access markets. It will also support the economic integration of traditionally marginalized groups [...]

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Pitt Researchers Receive $1.8 Million to Build Unique ECG Database, Study Effectiveness of CPR

Comments Off | 06-30-2014

University of Pittsburgh researchers have received $1.8 million from the National Heart, Lung, and Blood Institute (NHLBI), part of the National Institutes of Health, to create a unique database of electrocardiogram (ECG) information that could one day be used to better guide real-time decision making during cardiopulmonary resuscitation (CPR) for cardiac arrest. The database would [...]

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BNP Paribas Settlement Subsidy Could Cost Taxpayers $3 Billion

Comments Off | 06-30-2014

Bank Could Get Huge Tax Break in Terror-Related Justice Dept. Settlement
As the Justice Department approaches a multi-billion-dollar settlement with the bank BNP Paribas over allegedly hiding information linking transactions to terrorist regimes, there may be billions at stake for taxpayers. Unless the Justice Department explicitly forbids it, BNP Paribas may be able to write off [...]

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Walmart Giving Surpasses $11.2 Million in Last Fiscal Year, Supports Local Nonprofits to Achieve Remarkable Results

Comments Off | 06-30-2014

Walmart and the Walmart Foundation announced that over the last fiscal year they gave more than $11.2 million in cash and in-kind contributions to charitable organizations throughout Nebraska. Globally, the company and its Foundation donated more than $1.3 billion to non-profit groups, surpassing the previous year’s total by more than $244 million.
“As a global retailer, [...]

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3Mgives Austin – $156,446 to Central Texas agencies in June

Comments Off | 06-24-2014

Austin Independent School District (AISD) will use a grant of $97,450 to bring Project Lead the Way pre-engineering programs and equipment to Title I middle and high schools.
Lanier High School in Austin was one of 19 schools across the country selected to receive an Ingenuity Grant from 3M. This grant of $19,996 will provide curriculum [...]

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Owner of Home Health Company Pleads Guilty to Role in $6.5 Million Health Care Fraud Scheme

Comments Off | 06-24-2014

The owner and operator of Nestor’s Health Services, Inc. (Nestor HH), a now-defunct Miami home health care agency, pleaded guilty today in connection with a $6.5 million health care fraud scheme.
Acting Assistant Attorney General Leslie R. Caldwell of the Justice Department’s Criminal Division, U.S. Attorney Wifredo A. Ferrer of the Southern District of Florida, Special [...]

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Next Generation Memory Technologies Market is Expected to Reach USD 2,837.0 Million in 2019

Comments Off | 06-24-2014

According to a new market report published by Transparency Market Research “Next Generation Memory Technologies (Non-volatile and Volatile) Market – Global Industry Analysis, Market Size, Share, Growth, Trends and Forecast, 2013 – 2019,” the global next generation memory technologies market is expected to reach a value of USD 2,837.0 million by 2019. The market is [...]

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Treasury Department Announces $64.4 Million In Proceeds From Auctions Of Preferred Stock Of Six Financial Institutions

Comments Off | 06-24-2014

As part of the strategy it outlined for winding down its remaining Troubled Asset Relief Program (TARP) bank investments, the U.S. Department of the Treasury announced that it priced auctions of preferred stock (the “CPP Securities”) in the following six institutions at the following prices:
The aggregate gross proceeds to Treasury from the auctions are expected [...]

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