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December 17, 2008
Chrysler Idles Plants for a Month; GM Halts Volt Engine Factory

Source: Bloomberg.com

Chrysler LLC, awaiting a federal rescue as its cash dwindles, will shut all 30 of its plants for at least a month starting Dec. 19 as unsold cars and trucks pile up at showrooms. Production won’t resume until Jan. 19 at the...

December 17, 2008
Treasury denies executive pay rules are toothless


Source: Reuters

A top Treasury official denied on Tuesday that the limits on executive compensation included in the government's financial rescue plan were too weak to have any effect.

 

December 17, 2008
SEC chief admits failure to act on Madoff warnings


Source: MarketWatch

Christopher Cox, the chairman of the Securities and Exchange Commission, admitted late Tuesday that the regulator had failed to act on warnings about the activities of Bernard Madoff stretching back nearly a decade.

December 17, 2008
Improving Sustainability: A New Tool to Increase Corporate Transparency (Now More Important Than Ever)

Source: ASSET4 AG

Zug, Switzerland– ASSET4 AG, the leading provider of environmental, social and corporate governance (ESG) information, has announced that it has just released its assetmasterExecutive™ solution, which enables corporate...

December 17, 2008
Aligning Mission and Investment Pays Off for Foundations -New Resource Center offers proven strategies and tools for foundations at www.moreformission.org

Source: Mission Campaign

CHESTNUT HILL, Mass. - A group of leading foundations is putting into high gear a campaign challenging their peers to dramatically increase their investments in community development, environmental sustainability and other...

December 16, 2008
US court rules against Altria on light cigarettes

Source: Reuters

Tobacco firms can be sued under state law for deceptive advertising of "light" cigarettes, the U.S. Supreme Court ruled on Monday in a decision that could affect some 40 suits around the country seeking billions of dollars.

 

December 16, 2008
Banking failures raise corporate governance awareness

Source: Professional Adviser

Failures in the banking system have raised consumer awareness of corporate governance issues and will lead to investors asking considerably more in-depth questions of advisers in future, according to Co-operative Asset Management...

December 16, 2008
White House assures automakers help is on the way


Source: Associated Prress

Detroit automakers, teetering on the brink of collapse, are receiving strong signals from the White House that short-term help is on the way while a key senator says the relief package could reach $15 billion for GM and...

December 16, 2008
SEC Charges Siemens AG for Engaging in Worldwide Bribery

Source: Securities and Exchange Commission

Washington, D.C.— The Securities and Exchange Commission has announced an unprecedented settlement with Siemens AG to resolve SEC charges that the Munich, Germany-based manufacturer of industrial and consumer products violated...

December 15, 2008
WH Plan for Detroit Still in Garage

Source: ABC News

The White House is not expected to wrap up a bailout for Detroit's Big Three automakers by Monday, leaving stocks open to a yet another potential selloff and the clock ticking down to what automakers say could soon become an...

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