Business News [UP]

Financial services firm Sterling Bancorp agreed Wednesday to plead guilty to security fraud, including a $27.2 million fine, which will go towards paying restitution....Read More

The Kellogg Company is rebranding its snack and cereal products under different names, the company announced Wednesday. The company’s snacks will be listed under the brand “Kellanova” and cereals under “WK Kellogg Co.”...Read More

Sanctions may be catching up with Russia with data Wednesday showing oil export revenue declined last month by $2.7 billion from January levels....Read More

Samsung on Wednesday announced plans to invest $230 billion in a new semiconductor complex in South Korea, as the government seeks to spur development....Read More

Credit Suisse released its 2022 annual report on Tuesday in which it described a “material weakness” in its financial reporting that could result in “misstatements of account balances or disclosures.”...Read More

Analytics firm Moody’s Investors Service downgraded its rating of the American banking system as a whole on Tuesday....Read More

Risks remains, though economists at the Organization of the Petroleum Exporting Countries offered a mix assessment on the health of the global economy....Read More

Consumer-level inflation moderated somewhat in February, U.S. federal data from Tuesday show, but it remains elevated at 6% over the last 12 months, well above the target rate for policy makers....Read More

Volkswagen has chosen Canada for the site of its new electric vehicle battery factory, its first in North America....Read More

The White House on Monday approved ConocoPhillips’ Willow oil project on the North Slope of Alaska while moving to reduce the overall footprint of the project....Read More