WASHINGTON, March 23 (TNSFR) -- The Federal Reserve System has announced that Cornerstone Bancorp, Inc., based in Houston, Texas, has applied for approval to become a bank holding company. The application, submitted under the Bank Holding Company Act of 1956, seeks to acquire ownership and control of Cornerstone Capital Bank, SSB, also headquartered in Houston. The proposed transaction falls under Regulation Y, which governs the formation and expansion of bank holding companies, as well as merge  more

WASHINGTON, March 21 -- Sen. Martin Heinrich, D-New Mexico, issued the following news release: * * * Heinrich Demands Education Secretary Immediately Reinstate Federal Funding to Strengthen Teacher Workforce & Improve Student Learning WASHINGTON - U.S. Senator Martin Heinrich (D-N.M.), a member of the Senate Appropriations Committee, and 22 Democratic senators sent a letter to U.S. Department of Education Secretary Linda McMahon demanding that the Education Department immediately reinstate $  more

WASHINGTON, March 23 (TNSFR) -- The U.S. International Trade Commission (ITC) has announced the initiation of antidumping and countervailing duty investigations into imports of polypropylene corrugated boxes (PC boxes) from China and Vietnam. The investigations, identified as Nos. 701-TA-757 and 731-TA-1737-1738, seek to determine whether U.S. industries have suffered material injury or face a threat due to the alleged unfair pricing and subsidization of these imports. The petition for these   more