Developer Robert Matthews was sentenced to 65 months in prison Monday for crimes tied to a West Palm Beach hotel redevelopment fundraising scheme that defrauded investors and financial institutions of tens of millions of dollars.
Matthews, 65, pleaded guilty in 2019 to charges that he misled investors about the redevelopment of The Palm House Hotel and used investor funds to pay off credit card debt and purchase properties in Connecticut. 
Matthews, who maintains residences in Florida and Connecticut, used an intermediary company to raise money for the hotel redevelopment from foreign investors looking to take advantage of the EB-5 visa program, which allows foreign nationals…

Whether the federal government recovers the money it lent Yellow at the height of the pandemic would likely depend on how much Yellow raises by selling assets.

A gunman who killed Muslim train passengers and a Hindu march that turned riotous underscore how the partisan stances of India’s top Hindu leaders have given license to chaotic elements in the country.

The ride-hailing company’s road to actual profits has been a long one, but investors still got there early. 

Voters continue to rate the president poorly on economic issues, but there are signs the national mood is beginning to improve.

The start-up’s innovative business model has helped some renters save for a down payment on their home, but others have walked away frustrated by the company.

Workers in some sectors are still leaving jobs at a higher rate than before the pandemic in a sign that the job-market realignment continues.

An entrepreneur saw what others didn’t and now owns the unused set of stairs, which are attached to the back of a suburban building.

The energy company offset a slide in profit by raising its dividend by 10 percent.

Openings were little changed, but hiring and quitting both declined.