The Department of Labour (DoL) and a federal financial services provider have reached a conciliation agreement to end alleged gender wage discrimination. State Street Corp and the DoL’s Office of Federal Contract Compliance Programs (OFCCP) reached a $4.2m agreement. According to a recent statement, they hope to allocate $4.2 million for future pay adjustments to
The Michigan Strategic Fund board on Tuesday approved an incentive package, including a $120 million grant, for Dow Inc.’s plan to modernize its facilities in Midland and Williams Charter Township. The incentives for Midland-based Dow support the retention of at least 5,000 Jobs and the company’s $785 million investment at two Michigan sites, according to
STAUNTON – The Staunton branch of the NAACP announced in a press release its annual Freedom Fund Banquet is set to take place on Aug. 3 at Hotel 24 South in Staunton. This year’s event, themed “Working Together Defines Our Future,” will honor the achievements and contributions of individuals committed to advancing civil rights and
Sam Altman’s OpenAI has a startup fund that is investing $175 million in artificial-intelligence companies that have a “profound, positive impact on the world.” “We’re a research and deployment company dedicated to making sure that AI is safe and benefits all of humanity,” Altman said in a video about the fund. “We want to push
ALLENTOWN, Pa., July 23, 2024 (GLOBE NEWSWIRE) — CAI, a global services firm, announced today a new partnership with United Way of the Greater Lehigh Valley, to form the CAI United Fund. The fund will invest in family and student engagement initiatives to reduce absenteeism and improve academic outcomes within the United Way Community Schools
A business executive and philanthropist has pledged $30 million to launch a first-of-its-kind center pushing to overhaul the Supreme Court, after a series of ethics controversies and conservative rulings prompted rising scrutiny of the justices. The major gift from Jim Kohlberg, chairman and co-founder of the private equity firm Kohlberg & Co., will fund research,
With over $900 billion in assets under management, Hamilton Lane is one the world’s largest firms investing in alternative assets. On Tuesday, it announced the launch of a private credit fund on the Solana blockchain. Investors can now access the firm’s Senior Credit Opportunities Fund, or SCOPE, via the network. To do this, Hamilton Lane
Bregal Sagemount, a NYC-based growth-focused private equity firm, closed its inaugural small-cap fund, Bregal Sagemount Basecamp I, at $500M. The Fund closed at its target and hard cap, inclusive of support from existing Limited Partners, a handful of new institutional investors, and a significant GP commitment. The Basecamp strategy is a continuation of the investment
By Samuel Shen, Selena Li and Julie Zhu (Reuters) – Two of China’s leading fund managers have capped staff’s annual income and will claw back any excess, five people with direct knowledge of the matter said, in the first such measure to hit the industry under a government austerity drive. China Merchants Fund Management (China
Image caption, Harold Wilson led the country on two separate occasions, in the 1960s and 1970s Article information Author, Sanchia Berg Role, BBC News 6 hours ago Former Prime Minister Harold Wilson agreed late in life to sell his entire archive of personal and political papers to help fund his care, according to documents released