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News & Updates
November 10, 2015 San Jose, Atlanta Pensions: A Tale of Two Rulings
Public CEO - With growing pension costs eating into their city budgets, the two men pushed through reforms that could require employees to pay more for their pensions — up to 16 percent of pay more in San Jose, up to 10 percent...
Volkswagen is reportedly preparing to hand out a little cash to diesel car drivers, in an effort to buy some good will and put the scandal over its faked emissions tests behind it.
November 9, 2015 Dollar sits pretty, bond yields rise as Fed bets firmSource: Reuters
The dollar took a breather on Monday having surged to a seven-month high, while emerging, commodity and bond markets had a nervy feel after strong U.S. jobs data boosted bets on a December Federal Reserve rate hike. Read more at...
November 9, 2015 Banking Giants Learn Cost of Preventing Another Lehman MomentSource: Bloomberg
Banking behemoths led by HSBC Holdings Plc and JPMorgan Chase & Co. now know the cost they’ll have to shoulder so the global financial system doesn’t have another Lehman moment.
November 9, 2015 Bonus Pay on Wall Street Is Likely to Fall, a Report SaysSource: NY Times
Even as they emerge from the post-financial-crisis haze, bankers are seeing few signs that their institutions — and their bonuses — will stage a full recovery anytime soon.
November 9, 2015 Climate Change And Economic Woes: The New Civil War
The Inquisitr - Getty Images The latest scientific findings on the impacts of global warming, such as the 2014 report of the Intergovernmental Panel on Climate Change (IPCC), show that if left unchecked, climate change will lead...
November 9, 2015 Toshiba Sues Three Former Presidents Over Accounting ScandalSource: Bloomberg
Toshiba Corp. sued three former presidents as the maker of personal computers and power plants tries to recover from accounting irregularities that have led to profit writedowns of more than $1.2 billion over almost seven years....
November 9, 2015 Global GDP Worse Than Official Forecasts Show, Maersk CEO SaysSource: Bloomberg
The world’s economy is growing at a slower pace than the International Monetary Fund and other large forecasters are predicting.
November 9, 2015 World Bank warns climate change could add 100 mln poor by 2030Source: Reuters
Without the right policies to keep the poor safe from extreme weather and rising seas, climate change could drive over 100 million more people into poverty by 2030, the World Bank said on Sunday.
November 9, 2015 Volkswagen Says Its Employees Flagged Latest Emissions FaultsSource: Bloomberg
Volkswagen AG said emissions inconsistencies it disclosed on 800,000 cars last week were the result of employees informing their superiors.
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