Department of Commerce's EDA Awards Over 70 Million Dollars To Support Economic Recovery Across The U.S. And Territories

Department of Commerce's Economic Development Administration Awards Over $70 Million To Support Economic Recovery Across The U.S. And Territories | site |


(Information contained in U.S. Department of Commerce press release dated: February 11, 2021) Today, the Department of Commerce's Economic Development Administration announced over $70 million in CARES Act Recovery Assistance, Disaster Recovery, and Public Works Program grants to support businesses and communities adversely affected by the coronavirus pandemic and natural disasters, and bolster public works projects to spur economic growth. These grants provide critical gap financing for local companies, support infrastructure improvement projects, and strengthen workforce development programs to help create jobs and generate private investments in communities across the country. The Department of Commerce is committed to promoting equitable economic growth that strengthens U.S. businesses, creates goo...

Federal Communications Commission announces Winning Bidders in C-Band Action | site |




FCC says "Auction of 3.7 GHz Service Licenses Yields Over $81 Billion in Gross Bids and Provides Much-Needed Mid-Band Spectrum for 5G Services"


(Information contained in Federal Communications Commission [FCC] press release dated: February 24, 2021) Washington, February 24, 2021 - - The Federal Communications Commission today announced the winning bidders and the final bid totals in Auction 107—commonly referred to as the C-band auction. As detailed in today’s Public Notice, Auction 107 net winning bids totaled $81,114,481,921 and gross winning bids totaled $81,168,677,645. Twenty-one bidders won all of the available 5,684 licenses. “It is essential to America’s economic recovery that we deliver on the promise of next-generation wireless services for everyone, everywhere,” said FCC Acting Chairwoman Jessica Rosenworcel. “This au...

UPS announces Agreement to Sell UPS Freight to TFI International Inc. | site |


(Information contained in UPS press release dated: January 25, 2021)

Atlanta, GA

Transaction Highlights

• Includes UPS less-than-truckload (LTL) and dedicated truckload businesses
• Expected to close during the second quarter of 2021

UPS (NYSE: UPS), has entered into a definitive agreement to sell UPS Freight (UPSF) to TFI International Inc. (NYSE and TSX: TFII) for $800 million, subject to working capital and other adjustments.

“We’re excited about the future and the opportunities this creates for both UPS and UPS Freight as part of TFI International Inc.,” said UPS Chief

Executive Officer Carol Tomé. “The agreement allows UPS to be even more laser-focused on the core parts of our business that drive the greatest value for our customers.” The decision to...

South Carolina Racial Justice Network Awards Boeing the Martin Luther King Jr. Corporate Award | site |


(Information contained in The Boeing Company news release dated: January 28, 2021)

North Charleston, S.C., Jan. 28, 2021 – Today, the South Carolina Racial Justice Network announced Boeing as the recipient of the 2021 Martin Luther King Jr. Corporate Award. The award was presented to Boeing representatives at the company’s South Carolina manufacturing facility in North Charleston, South Carolina.

As part of the awards selection process, Boeing met key selection metrics based on the following commitments:

• Boeing is committed to growing a diverse and inclusive workforce and facilitates internal programs that provide personal and professional growth opportunities for teammates. Additionally, Boeing’s Learning Together Program provides tuition assistance for teammates to pursue college programs to enhance their career opportunities.

...

U.S. Department of Commerce Announces First Biden-Harris Appointments | site |




(Information contained in U.S. Department of Commerce press release dated: January 25, 2021)

The U.S. Department of Commerce today announced new appointees to lead the agency under the Biden-Harris Administration. The appointments represent a diverse and accomplished group of individuals who are committed to advancing the economy for all Americans. In partnership with dedicated career civil servants, these key appointments will work to promote job creation and economic growth while also advancing key priority areas for the Biden-Harris Administration, including containing the COVID-19 pandemic, addressing the climate crisis, ensuring equitable job creation, and helping businesses and communities build back better. “President Biden is building a team at the Department of Commerce that will deliver on his promise to build our economy back better,” said incomi...

Boeing CEO Shares Thoughts with Employees in Recognition of Martin Luther King Jr. Day | site |




(Information contained in The Boeing Company press release dated: January 18, 2021)

Boeing CEO Shares Thoughts with Employees in Recognition of Martin Luther King Jr. Day

Chicago, Jan. 18, 2021 — Boeing President and CEO Dave Calhoun shared the following message with employees today: Team, Holding on to hopes and dreams can be challenging in the face of persistent injustice and turmoil. Yet, the Rev. Dr. Martin Luther King Jr. through his actions and his words showed us it is possible. Today’s observance of his life and legacy in the U.S. serves as an important reminder during challenging times of the transformative power of civil discourse and treating one another with trust and respect. Last year the world witnessed with horror the scope and scale of racism in our society with the loss of yet more Black liv...

Federal Trade Commission Brings First-Ever Cases Under the BOTS Act | site |



FTC says ticket brokers will face partially suspended judgment of more than $31 million in civil penalties


(Information extracted from Federal Trade Commission [FTC] press release dated: January 22, 2021) The Federal Trade Commission is taking legal action against three ticket brokers based in New York who allegedly used automated software to illegally buy up tens of thousands of tickets for popular concerts and sporting events, then subsequently made millions of dollars reselling the tickets to fans at higher prices. The three ticket brokers will be subject to a judgment of more than $31 million in civil penalties for violating the Better Online Ticket Sales (BOTS) Act, under a proposed settlement reached with the FTC. Due to their inability to pay, the judgment will be partially suspended, requiring them to pay $3.7 million. This is the first case br...

Federal Trade Commission Commissioner Rebecca Kelly Slaughter Designated Acting Chair of the Agency | site |



(Information contained in Federal Trade Commission [FTC] press release dated: January 21, 2021) President Joseph R. Biden designated Rebecca Kelly Slaughter as Acting Chair of the Federal Trade Commission. Slaughter has served as a Commissioner since May 2018. “I am deeply honored and grateful to lead an agency that is critical to helping the U.S. economy get back on its feet and function more fairly for all Americans,” Slaughter said. “I want to express my sincere appreciation for the excellent leadership of Chairman Simons during a time of unprecedented challenges.” As a Commissioner, Slaughter has been an advocate for greater resources for the FTC and promoted equity and inclusion efforts. She has championed aggressive use of the FTC’s authorities. She has also been particularly outspoken about combatting systemic racism, g...

Federal Trade Commission Publishes Annual Performance Report | site |


(Information contained in Federal Trade Commission [FTC] press release dated: January 19, 2021)

The Federal Trade Commission published its Fiscal Year 2020 Performance Report as required under the Government Performance and Results Modernization Act of 2010. The report documents the progress made by the Commission in achieving the mission and performance goals established in the Fiscal Year 2020-2021 Performance Plan. Also, as required by the Government Performance and Results Modernization Act during a transition in administration, the Commission will submit its Fiscal 2021-2022 Performance Plan along with its Fiscal Year 2022 budget request in support of the President’s FY 2022 budget for the federal government later this year.

The Commission vote to submit the Performance Report to Congress was 5-0....

Commerce Department Issues Interim Rule to Secure the ICTS Supply Chain | site |




(Information contained in U.S. Department of Commerce press release dated: January 14, 2021)

Pursuant to Executive Order (E.O.) 13873, “Securing the Information and Communications Technology and Services (ICTS) Supply Chain,” today U.S. Department of Commerce Secretary Wilbur Ross issued an interim final rule to address the national security, economic security, and public health and safety concerns related to ICTS Transactions. The rule will ensure the resilience of, and trust in, our Nation’s ICTS supply chain, and, for the purposes of this rule, identifies six foreign governments or foreign non-government persons as foreign adversaries: the People’s Republic of China (China), the Russian Federation (Russia), the Islamic Republic of Iran (Iran), the Democratic People’s Republic of Korea (North Korea), the Republic of Cuba (Cuba),...