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News & Updates

September 25, 2014 U.S. Treasury denies allowing 'excessive' executive pay at GM, Ally

Source: Reuters

The U.S. Treasury last year permitted top executives at General Motors Co and Ally Financial Inc to collect "excessive pay" while those companies were part of a taxpayer-funded government loan program, a special inspector general...

September 25, 2014 Business Fraud: Culture Is the Culprit

Source: Business Ethics

Fraud occurs every day all over the world. Some companies take an “it won’t happen to us” approach; others implement controls to try to keep individuals likely to commit fraud from entering the business; and still others...

September 25, 2014 Businesses Won't Have to Return BP Spill Payouts

Source: ABC News

BP wants its money back — hundreds of millions of dollars of it — but a federal judge said Wednesday that the oil giant must stand by the agreement it made with the companies it compensated for losses blamed on the 2010 Gulf oil...

September 25, 2014 Apple Yanks iOS 8.0.1 After Reports of No Cell Service and Other Issues

Source: NBC News

Apple confirmed Wednesday it pulled its iOS 8.0.1 update amid widespread reports of major issues with the software, including users unable to access cell service or the TouchID fingerprint sensor.

September 24, 2014 United States: Preparing For The 2015 US Proxy And Annual Reporting Season

Source: Mondaq

It is time for calendar year-end public companies to focus on the upcoming 2015 proxy and annual reporting season. This Legal Update discusses the following key issues for companies to consider in their preparations:

September 24, 2014 Oracle Cuts Ellison’s Stock Awards, Adds CEOs’ Incentives

Source: BloombergBusinessWeek

Oracle Corp. (ORCL:US) changed its compensation plan for executives and is tying pay packages more closely to the company’s performance, following Larry Ellison’s decision to step down as chief executive officer

September 23, 2014 Siemens Makes $7.6 Billion Bet on Fracking in U.S.

Source: NY Times

The German engineering conglomerate Siemens already makes a range of products for the American energy sector, including gas turbines and equipment for generating electricity from wind.

September 23, 2014 Apple Sells 10 Million iPhone 6 Devices in First Weekend After Launch

Source: eWeek

Apple's new iPhone 6 and iPhone 6 Plus smartphones were a big hit this past weekend, selling more than 10 million units after their debut on Sept. 19. That means that the new iPhone 6 models set a new all-time record for...

September 22, 2014 As the Economy Heats Up, Nonprofit CEOs See Pay Rise

Source: The Chronicle of Philathrophy

Charity executives of big nonprofits and foundations are beginning to win bigger raises after a long run when the median annual increases did little better than keep up with inflation, according to The Chronicle’s annual...

September 22, 2014 US infrastructure crisis drives toll road bankruptcy

Source: ft.com

One of the highest-profile US private toll road concessions is to seek bankruptcy protection, the latest sign of how a decline in traffic is threatening private investment in the crumbling US road network.

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