This story was on the front page of the New York Times on January 20. Pretty shocking story. But if you look into it, it’s been all over the front pages of the state press in Michigan for months. Local papers and MLive have been talking about it nonstop for at least five months — that’s […]
Adidas Shares Soar with CEO Change
Adidas AG, the battered German sportswear icon is betting that an executive steeped in computers and laundry detergent has the capability of bringing it about and making it cool once again in the US market. The company made the announcement that current chief executive of Henkel AG, a German manufacturer of adhesives, cleaning products and […]
OIS flat on global risk aversion; G7 meet eyed : Rajesh Sharma Money Matters Financial Services Limi
Overnight indexed swap rates ended flat amid global risk aversion, as traders refrained from building big positions, waiting for the outcome of the conference call of the finance ministers of the Group of Seven countries on the Euro zone debt crisis. The one-year OIS and the five-year OIS today ended flat at 7.60-7.66% and 7.24-7.30%, […]
Internal BP Probes Warned of Accidents – For Years
by Abrahm Lustgarten and Ryan Knutson A series of internal investigations over the past decade warned senior BP managers that the company repeatedly disregarded safety and environmental rules and risked a serious accident if it did not change its ways. The confidential inquiries, which have not previously been made public, focused on a rash of […]
Madoff’s Inner Circle: Who Knew What?
When Bernard Madoff pleaded guilty to running the biggest Ponzi scheme in history, he insisted he was the lone perpetrator, asserting that no one – not his family, not his colleagues, not his friends – knew of the fraud. But an alternate narrative is emerging from the pile of Madoff-related civil suits and court motions […]
EPA Officials Weigh Sanctions Against BP’s U.S. Operations
Officials at the Environmental Protection Agency are considering whether to bar BP from receiving government contracts, a move that would ultimately cost the company billions in revenue and could end its drilling in federally controlled oil fields. Over the past 10 years, BP has paid tens of millions of dollars in fines and been implicated […]