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News & Updates

August 5, 2015 BofA Governance Worst Since Pre-Crisis Citigroup, Mayo Says

Source: Bloomberg

Bank of America Corp., which overruled a shareholder vote mandating an independent chairman, has the worst corporate governance of any big bank since Citigroup Inc. before the financial crisis, CLSA Ltd. analyst Mike Mayo said.

August 5, 2015 Apple's momentum 'meltdown' bites investors

Source: Reuters

The recent declines have wiped out nearly $100 billion of Apple's market value - about as much as fellow Dow components Boeing and McDonald's are worth in total. For CEO Tim Cook, it means his stake of more than 111 million...

August 5, 2015 Yahoo Squashes Ads Infected by Malware

Source: PC Magazine

Researchers at Malwarebytes on Monday released details of a large-scale attack abusing Yahoo's own advertising network. The so-called "malvertising" campaign started on July 28 and was active for several days before the security...

August 5, 2015 Hacking: Only Fiat Chrysler at risk

Source: Motoring

Harman, which supplies car infotainment systems to Fiat Chrysler as well as many other manufacturers including BMW, Daimler and Volvo, says the hacking risk that led to the recall of 1.4 million Chryslers in July seems to be...

August 4, 2015 Executive pay is a touchy but misunderstood subject

Source: ft.com

Executive compensation is closely scrutinised by politicians and public investors. Oracle, the software company, was criticised last year for paying its three top executives more than $35m each.

August 4, 2015 U.S. July auto sales top expectations, boosted by SUVs, pickups

Source: Reuters

U.S. auto sales were stronger than expected in July and kept the industry on pace for its best performance since the turn of the century as cheaper gasoline and low interest rates drove the shift toward sport utility vehicles and...

August 3, 2015 Pot Credit Union in CO sues Federal Reserve and NCUA

Source: National Monitor

The Fourth Corner Credit Union, a financial house created for the pot industry, has filed two lawsuits this week challenging their denied applications by the National Credit Union Administration and the U.S. Federal Reserve

August 3, 2015 Faith-based activist ramps up pressure on Wells Fargo and Citi

Financial News - The îInterfaith Center on Corporate Responsibilityî will today meet with Wells Fargo officials to discuss the bank's internal standards and the publication of details of them. The organisation, which...

July 31, 2015 Former Fukushima Executives to be Charged over 2011 Nuclear Disaster

Source: NDTV

Tokyo: A trio of former executives from the crippled Fukushima nuclear plant will be indicted over the 2011 accident, a judicial review panel decided today, paving the way for the first criminal trial linked to the disaster.

July 31, 2015 Beijing wins election to host 2022 Winter Olympics

Source: USA Today

KUALA LUMPUR, Malaysia — Beijing was selected Friday to host the 2022 Winter Olympics, becoming the first city awarded both the winter and summer games. Beijing defeated Almaty, Kazakhstan, in a vote of the International Olympic...

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