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News & Updates
August 25, 2011 Google forfeits $500 million for running illegal pharmacy adsSource: TG Daily
Google's agreed to pay out $500 million to settle claims that it profited from ads for illegal Canadian pharmacies. It's one of the biggest financial forfeiture penalties ever.
August 23, 2011 Class muddles India's anti-graft pushSource: Asia Times
Among the flaws of the social activist Anna Hazare's anti-corruption movement challenging India's central government, one that stands out is that this is merely an urban middle class phenomenon.
August 18, 2011 Crisis? What Crisis? : Finding the New NormalSource: Sustainable Business Forum
In the latest edition of ‘Business Ethics’ we referred to the events of 2008 (Lehman, AIG, RBS etc.) as the ‘financial crisis of the late 2000s’. Well, at the time we did not expect this to be useful for the reasons it now makes...
August 18, 2011 U.S. Inquiry Eyes S.&P. Ratings of MortgagesSource: NY Times
The Justice Department is investigating whether the nation’s largest credit ratings agency, Standard & Poor’s, improperly rated dozens of mortgage securities in the years leading up to the financial crisis, according to two...
August 17, 2011 New Book, "Accounting Ethics... and the Near Collapse of the World's Financial System," Provides Deep and Timely Insight into Business Ethics and the Financial CrisisSource: PR Web
This new book manifests the importance of accounting ethics by looking at the role that some ethical failures played in recent scandals, particularly AIG’s role in bringing the world’s financial system to the brink of collapse....
August 17, 2011 Murdoch's tabloid sanctioned phone hacking, documents suggestSource: LA Times
Rupert Murdoch's media empire suffered a potentially heavy blow in the British phone-hacking scandal Tuesday when Parliament released documents suggesting that reporters and top editors at the News of the World practiced and...
August 16, 2011 Starbucks' CEO: Halt the political donationsSource: MSNBC
LOS ANGELES — Starbucks Corp Chief Executive Howard Schultz is winning support for his call to withhold political contributions from U.S. lawmakers until they strike a "fair, bipartisan" deal on the country's debt, revenue and...
Source: Trust Law
Chinese authorities have begun an industry-wide investigation of the country's telecom operators China Mobile Ltd., China Unicom (Hong Kong) Ltd. and China Telecom Corp. The nature of the allegations is unclear but it is reported...
The liquidator for Bernard L. Madoff’s firm sued the Abu Dhabi Investment Authority, seeking to recover $300 million for victims of the confidence man’s Ponzi scheme. Irving Picard, the Madoff firm’s trustee, said the sovereign...
August 12, 2011 SEC Probes S&P's U.S. Debt Downgrade: ReportSource: The Street
WASHINGTON (TheStreet) -- The Securities and Exchange Commission has asked Standard & Poor's to disclose who at the ratings agency knew of its decision to downgrade U.S. debt before it was announced last Friday, The Financial...
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