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News & Updates
October 26, 2011 Netflix's Accounting Rules Are Hidden Risk for InvestorsSource: The Street
BOSTON (TheStreet) -- You know the news by now: Netflix customers are running for the movie-theater exits as content costs are skyrocketing and expansion plans overseas will lead to losses in the first half of 2012. It's...
October 26, 2011 Criminal Charges For Ex-Goldman Sachs DirectorSource: Forbes
Raj Rajaratnam is behind bars for insider trading but the fate of the man who allegedly helped him with the scheme is still still pending. Move over, Raj Rajaratnam. Rajat Gupta may be joining you in jail. Rajat Gupta is expected...
October 26, 2011 Japan watchdog probes Olympus, president resignsSource: Reuters
Olympus Corp announced on Wednesday that its chairman and president Tsuyoshi Kikukawa had stepped down over media reports of a widening scandal, as sources said Japan's main securities watchdog was looking into the 92-year-old...
October 25, 2011 Hard times bring out the ethics in workersSource: CNET
Tough economic circumstances may actually reduce unethical behavior in the workplace. The Ethics Resource Center is gearing up for the 2011 National Business Ethics Survey. According to the most recent ERC survey released in...
October 25, 2011 UBS Reports 39% Drop in Quarterly Profit After Trading LossSource: Business Week
UBS AG, Switzerland’s biggest bank, posted a smaller decline in third-quarter profit than analysts expected after an accounting gain cushioned a $2.3 billion loss from unauthorized trading. Net income fell 39 percent to 1.02...
October 25, 2011 One Third of News Corp. Investors Vote Against Murdoch’s SonsSource: Business Week
One third of News Corp. shareholders voted against the election of Rupert Murdoch’s sons to the board, a protest against the family’s control over the media company in the wake of a phone-hacking scandal. James Murdoch, deputy...
October 21, 2011 News Corp to be challenged by Tom Watson over 'surveillance'Source: The Guardian
Tom Watson, the Labour MP who has been a leading figure in parliament's investigation into the News of the World phone-hacking scandal, plans to make dramatic allegations about News Corporation's use of surveillance at the...
October 20, 2011 Citigroup to pay $285 million to settle fraud case (NEWS.GNOM.ES)Source: gnom.es
In marketing materials outlining the deal, the SEC said Citigroup represented that the collateral manager of the CDO, a unit at Credit Suisse Group AG, had independently selected the assets. In reality, ...
October 20, 2011 Ethics scandal costs Duke Energy in two rulingsSource: Indianapolis Business Journal
A 2010 ethics scandal involving the chief legal counsel for the state’s utility regulatory agency, who presided over cases favorable to Duke Energy Corp. in the months prior to taking a job at the utility, has come back to bite...
October 17, 2011 Business ethics: look to the EastSource: Voxy.co.nz
The world's second largest economy has its own business ethics and doesn't need western values forced on it, according to a leading international business academic. Victoria University Business and Law Executive Dean Professor...
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