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.... The shortest answer is that the problems started when the company went public in 2007, and soon enough, all the qualities that Charney saw as his strengths – his unpredictability, his dizzying ambition, his notoriety – were liabilities in the context of Wall Street. American Apparel was also crushed with debt accrued from rapid over-expansion, despite raking in hundreds and hundreds of millions of dollars a year, and Charney himself was costing the company money. ... [Read full article on Guardian ]
Sunday 10th of September 2017 03:00:40 PM
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American Apparel founder Dov Charney: ‘Sleeping with people you work with is unavoidable’ image
.... The shortest answer is that the problems started when the company went public in 2007, and soon enough, all the qualities that Charney saw as his strengths – his unpredictability, his dizzying ambition, his notoriety – were liabilities in the context of Wall Street. American Apparel was also crushed with debt accrued from rapid over-expansion, despite raking in hundreds and hundreds of millions of dollars a year, and Charney himself was costing the company money. ...
Exxon deliberately misled public on climate science, say researchers image
Source : Guardian [Read Article] Thursday 24th of August 2017 02:04:29 AM
.... now points towards a discernable human influence on global climate”. At the same time, however, the company was spending tens of millions of dollars to place editorials in the New York Times and other influential newspapers that delivered a very different message. ...
Indian opposition calls for investigation into Adani over financial fraud allegations image
....The Indian conglomerate is hoping to secure a $700m (A$900m) Australian government loan to develop one the world’s largest coal mines in Queensland. The documents, compiled in 2014 by India’s directorate of revenue intelligence (DRI), accuse Adani Group of ordering hundreds of millions of dollars’ worth of equipment for an electricity project in Maharashtra state using a front company in Dubai. ...
Revealed: how British American Tobacco exploited war zones to sell cigarettes image
....They also show that BAT made plans to launch in South Sudan just two days before it gained independence from the north after years of destruction from a civil war that left 4 million people displaced. And they tell of a town in eastern DRC that is not on any map, created by BAT to produce and process tobacco leaf, where, according to a whistleblower, millions of dollars were delivered to pay farmers and staff, carried in secretly. ...
Adani $900m rail line loan should be ruled out after fraud allegations, opponents say image
....The government should immediately suspend any consideration of a federal loan to Adani or an any associated entity, environmental groups have said in response to the Guardian’s reporting on Wednesday about fraud allegations faced by Adani in India. The Adani Group allegedly fraudulently siphoned hundreds of millions of dollars from India into tax havens – a practice enabled by Indian government tax breaks. ...
Diamond tycoon Beny Steinmetz detained in fraud inquiry image
Source : Guardian [Read Article] Monday 14th of August 2017 01:13:14 PM
....5bn. Israeli authorities investigated the claim that Steinmetz, along with a number of other Israelis, acquired the asset by paying tens of millions of dollars in bribes to senior public officials in Guinea. ...
UK defence contractor billed US more than $50m in expenses image
Source : Guardian [Read Article] Wednesday 9th of August 2017 09:56:22 PM
.... Missouri senator Claire McCaskill summarised the audit’s major findings in a letter to the US defence secretary, Jim Mattis, which she released on Wednesday. McCaskill, the top-ranking Democrat on the homeland security and governmental affairs committee, is demanding to know which Defence Department office was responsible for overseeing the work, what steps are being taken to recover the millions of dollars in disputed payments and whether the US government has considered prohibiting NCC from receiving federal contracts in future. ...
London’s reputation at risk from watering down City rules, IoD warns image
Source : Guardian [Read Article] Wednesday 2nd of August 2017 05:01:38 AM
.... The company could be valued at $2tn (£1. 5tn) in a move that would generate hundreds of millions of dollars in fees for investment bankers, lawyers and other advisers. ...
'No more brilliant jerks' – Arianna Huffington ushers in the new Uber image
.... In their in-tray will be a daunting array of problems and issues to resolve in the wake of Travis Kalanick’s high-profile departure last month. These include rehabilitating the company internally and externally as it recovers from scandals including the sexual harassment investigation that saw more than 20 people fired in June; video of Kalanick berating an Uber driver; and the company’s recent admission it had underpaid drivers in New York City by millions of dollars. ...
How a father's tragedy moved the Teamsters to fight an opioid distributor image
....McKesson says it now has a “better partnership with the DEA” and has formed an Opioid Task Force. It also says it has “invested enormous amounts of time and millions of dollars” to establish a programme to detect suspicious orders and block deliveries. ...
'London Whale' charges dropped against former JP Morgan traders image
Source : Guardian [Read Article] Friday 21st of July 2017 11:45:22 PM
....Lawyers for Martin-Artajo did not immediately respond to requests for comment. Martin-Artajo and Grout had been accused of hiding hundreds of millions of dollars of losses within JP Morgan’s chief investment office (CIO) in London by marking positions in a credit derivatives portfolio at inflated prices. ...
Exxon fined $2m for violating Russia sanctions while Rex Tillerson was CEO image
....But while he was at Exxon, Tillerson opposed the sanctions levied on Moscow for its annexation of Crimea. Those sanctions cost his company hundreds of millions of dollars. ...
City regulator plans rule change to allow Saudi oil giant's $2tn float in London image
....The proposals by the Financial Conduct Authority come as Aramco weighs up which financial centre to pick for the sale of 5% of its shares. The company could be valued at $2tn – a huge price tag that would also generate hundreds of millions of dollars in fees for investment bankers, lawyers and other professional firms involved in stock market flotations. ...
Philip Morris cigarettes charged millions after losing plain packaging case against Australia image
. The tobacco manufacturer Philip Morris will be forced to pay millions of dollars in legal fees to Australia after its failed case against plain packaging laws. ...
Facebook village? Social media giant to build 'social housing' image
Source : Guardian [Read Article] Sunday 9th of July 2017 06:56:57 PM
....Zuckerberg, 33, who is the world’s fifth-richest person with a $64. 7bn fortune, owns several homes worth tens of millions of dollars. ...
The Tories must rein in Rupert Murdoch and block the Sky deal | Tom Watson image
.... The full extent of the paper’s corrupt relationship with senior police officers won’t emerge unless the government initiates the second part of the Leveson inquiry. At Fox News, a bullying culture seems to have enabled senior executives to abuse their positions and resulted in a raft of sexual harassment cases – at a combined cost to the company of millions of dollars. ...
Uber's scandals, blunders and PR disasters: the full list image
Source : Guardian [Read Article] Tuesday 27th of June 2017 11:14:33 PM
....News leaked of a secret program that Uber internally called “Hell” that allowed the company to spy on its rival Lyft to uncover drivers working for both companies and to help steer them away from the competitor. Uber agreed to pay drivers in New York City tens of millions of dollars after admitting it underpaid them for more than two years by taking a larger cut of fares than it was entitled. ...
Potential Martin Shkreli jurors: we can't be impartial over 'most hated man' in US image
....Though Shkreli’s notoriety came from Daraprim, the federal securities fraud case is unrelated. Prosecutors say that after Shkreli lost millions of dollars through bad trades through his side business hedge fund, he looted a second pharmaceutical company for $11m to pay them back. ...
Leaked Uber sex memo throws new spotlight on frat-house culture image
Source : Guardian [Read Article] Friday 9th of June 2017 11:21:33 AM
.... It recently fired 20 employees following a sexual harassment investigation and fired a top executive that obtained the medical records of a woman who was raped by an Uber driver, after journalists learned of the incident. Meanwhile the company has been embroiled in a legal fight with Google’s former self-driving car company Waymo, failed to help when a female Uber driver was assaulted by passengers and underpaid New York City drivers by millions of dollars. ...
Qantas executive says Qataris won't be allowed on flights via Dubai after UAE ban image
.... The rift has affected global oil prices, hit travel plans and sown confusion among businesses. Saudi Arabia and Bahrain revoked the licences of Qatar Airways on Tuesday and ordered its offices to be closed within 48 hours, a move that analysts said would cost the carrier millions of dollars of revenue. ...
Operation Car Wash: The biggest corruption scandal ever? image
Source : Guardian [Read Article] Thursday 1st of June 2017 04:30:45 AM
.... The contractors they were paying had formed an agreement to ensure they were guaranteed business on excessively lucrative terms if they agreed to channel a share of between 1% and 5% of every deal into secret slush funds. After diverting millions of dollars into those funds, Petrobras directors then used them to funnel money to the politicians who had appointed them in the first place, and to the political parties they represented. ...
Apple and Nokia to 'co-operate' after settling patent row image
Source : BBC [Read Article] Tuesday 23rd of May 2017 11:03:54 AM
....Apple will also stock Nokia's health products in its retail stores. The two companies have not revealed specific details of the financial agreement, but one analyst suggested it would be worth millions of dollars to Nokia. ...
Roger Ailes: Fox News founder dies at 77 image
Source : BBC [Read Article] Thursday 18th of May 2017 01:25:13 PM
....Indeed, Trump's election owes a huge debt to the crusading, aggressive, and often conspiratorial agenda of Ailes' network. Yet last summer he left amid huge controversy, earning tens of millions of dollars in a payout after allegations of sexual harassment were launched against him by former employees. ...
​Trump tax plan could save him millions under guise of helping small businesses image
. A tax plan released by the White House on Wednesday could deliver many millions of dollars annually in tax savings to Donald Trump personally under the guise of helping small businesses, multiple tax experts have told the Guardian. ...
Disney, the Gap and Pepsi urged to quit US Chamber of Commerce image
Source : Guardian [Read Article] Monday 24th of April 2017 11:00:17 AM
....“Unfortunately, the US Chamber of Commerce is doing everything it can to block efforts to combat both climate change and anti-smoking laws and regulations. It opposes the Paris Agreement that you publicly support, is suing to block the implementation of the Clean Power Plan, consistently lobbies against legislation aimed at reducing greenhouse gas emissions, and spends millions of dollars in money on elections ads urging voters to back candidates who support the fossil fuel industry and oppose efforts to combat climate change,” they write. ...
Brazil graft probe focuses on World Cup football stadiums image
Source : BBC [Read Article] Saturday 15th of April 2017 12:34:38 AM
.... . In July 2015 Marcelo Odebrecht, whose grandfather founded the company, was formally charged with corruption and money laundering, and accused of paying millions of dollars in bribes to senior officials at Petrobras. ...
Google's bad week: YouTube loses millions as advertising row reaches US image
Source : Guardian [Read Article] Saturday 25th of March 2017 10:00:06 AM
. It’s been a bad week for Google, with major brands pulling millions of dollars in advertising amid rows over extremist content on YouTube. ...
Yellow taxis 'have lower accident rate than blue ones' image
Source : BBC [Read Article] Tuesday 7th of March 2017 09:03:24 AM
...."The findings of our study suggest that colour visibility should play a major role in determining the colours used for public transport vehicles. A commercial decision to change all taxis to yellow may save lives and potentially reduce economic losses by millions of dollars. ...
Bitcoin value tops gold for first time image
Source : BBC [Read Article] Friday 3rd of March 2017 01:16:15 AM
....The website Silk Road was closed in 2013 following raids by the FBI and other agencies amid allegations of drug dealing. Authorities seized millions of dollars worth of Bitcoin during the raids. ...
Yahoo boss Marissa Mayer loses millions in bonuses over security lapses image
Source : Guardian [Read Article] Thursday 2nd of March 2017 01:24:37 AM
....Yahoo chief executive Marissa Mayer will lose her annual bonus and the company’s top lawyer has been removed over their mishandling of security breaches that exposed the personal information of more than 1 billion users. Mayer’s cash bonus is worth about $2m a year and her personal cost from the security flaws increased when the board also accepted her offer to relinquish an annual stock award worth millions of dollars. ...
Samsung's acting head indicted on bribery charges as scandal grows image
Source : Guardian [Read Article] Tuesday 28th of February 2017 10:22:14 AM
....The acting head of Samsung has been indicted on bribery and embezzlement charges connected to a corruption and cronyism scandal centring on South Korea’s impeached president, Park Geun-hye. Lee Jae-yong and four other Samsung executives will almost certainly face trial over accusations that South Korea’s biggest conglomerate donated millions of dollars to foundations run by a close friend of Park’s in exchange for government favours. ...
Donald Trump, the master of unreality, must be resisted at every turn | Joseph Stiglitz image
....The American Civil Liberties Union, having anticipated that Trump would quickly trample on individual rights, has shown that it is as prepared as ever to defend key constitutional principles such as due process, equal protection, and official neutrality with respect to religion. And in the past month Americans have supported the ACLU with millions of dollars in donations. ...
Deutsche Bank examined Trump's account for Russia links image
Source : Guardian [Read Article] Thursday 16th of February 2017 12:31:00 PM
Spinal Tap creators aim to 'go to 11' with $400m lawsuit image
Source : Guardian [Read Article] Wednesday 8th of February 2017 09:11:21 AM
....The complaint alleges that between 1989 and 2006, Vivendi reported that the total income from soundtrack music sales was just $98. It also claims that Vivendi reported that the four creators’ share of total worldwide merchandising income between 1984 and 2006 was $81, despite music and merchandise linked to the film racking up “tens of millions of dollars” in revenue. ...
Voting for Brexit hasn’t saved us from secretive trade deals image
Source : Guardian [Read Article] Saturday 4th of February 2017 04:00:33 PM
.... The infamous Investor-State Dispute Settlement (ISDS) schemes are part of virtually every existing trade deal and US corporations remain committed to the need for a legal process hidden from view. Donald Trump’s new secretary of state, Rex Tillerson, won millions of dollars for ExxonMobil in secret arbitration deals when he was boss of the sprawling energy firm. ...
Formula One pulled a fast one on the US taxman – and it's all perfectly legal image
.... It is driven by a clever, but perfectly legal, trick under F1’s hood. Delta Topco’s British subsidiaries receive huge loans from their offshore parent companies and pay hundreds of millions of dollars in interest on them every year. ...
Chinese company Alibaba signs deal to be major sponsor of Olympic Games image
Source : Guardian [Read Article] Thursday 19th of January 2017 01:41:33 PM
.... It proved a prescient decision, as Alibaba become one of the world’s richest companies. On Thursday, in another sign of Chinese companies’ increasing willingness to flex their financial muscle and sign major global sporting deals, Ma was happily handing over millions of dollars after agreeing what he called a “historical” deal for Alibaba to be a leading sponsor of the summer and winter Olympics until 2028. ...
JP Morgan Chase to pay $55m to settle racial discrimination charges image
Source : Guardian [Read Article] Wednesday 18th of January 2017 04:50:34 PM
....The decision came after US attorney Preet Bharara filed a complaint on Wednesday alleging that the US’s biggest bank discriminated against at least 53,000 African American and Hispanic mortgage seekers between 2006 and 2009 in violation of the Fair Housing Act. Minority borrowers were owed “tens of millions of dollars in damages”, the government said, because JP Morgan allowed them to be charged higher rates and fees than “similarly situated white borrowers”. ...
Samsung boss faces arrest as South Korea corruption scandal grows image
Source : Guardian [Read Article] Monday 16th of January 2017 06:18:48 AM
....“The special prosecutor’s office, in making this decision to seek an arrest warrant, determined that while the country’s economic conditions are important, upholding justice takes precedence,” Lee Kyu-chul, a spokesman for the office, told reporters on Monday. The involvement of the third-generation leader of South Korea’s richest chaebol – or family-run conglomerate – comes days after Park denied any wrongdoing over allegations that Choi fraudulently received tens of millions of dollars from South Korean companies, including Samsung, for two foundations she operated. ...
Blind trusts: what do Theresa May and Donald Trump have in common? image
Source : Guardian [Read Article] Friday 13th of January 2017 01:41:32 PM
....Isn’t this a bit small-time compared with what Donald Trump is doing?Yes. Trump, the first business billionaire to become president, faces an extraordinary set of conflicts arising from the 500 companies he continues to control and refuses to give up, plus the elaborate network of suppliers and banks that have lent his firms hundreds of millions of dollars. ...
Sugary drink taxes could be threatened by Trump administration, experts say image
....She noted that the taxes won by popular vote in some of the healthiest cities in the country: Boulder, Colorado and San Francisco. But that skepticism has not stopped the industry from spending millions of dollars to combat these local laws. ...
Brazil's Odebrecht fined at least $2.6bn for bribery image
Source : BBC [Read Article] Wednesday 21st of December 2016 06:10:49 PM
....Earlier in December, the company apologised for being part of corruption scandals that have already led to its former chief executive, Marcelo Odebrecht, being sent to jail for 19 years for paying $30m (£21m) in bribes to Petrobras officials. US deputy assistant attorney general, Sung-Hee Suh, said: "Odebrecht [the firm] and Braskem used a hidden but fully functioning Odebrecht business unit - a 'Department of Bribery,' so to speak - that systematically paid hundreds of millions of dollars to corrupt government officials in countries on three continents. ...
Singapore convicts banker in 1MDB case image
Source : BBC [Read Article] Wednesday 21st of December 2016 09:25:02 AM
.... . The charges relate to pressurising colleagues not to disclose that Malaysian client Low Taek Jho was moving hundreds of millions of dollars that originated from 1MDB. ...
Chapman's Ice Cream wants to keep Ontario school open image
Source : BBC [Read Article] Thursday 24th of November 2016 03:07:44 PM
.... . But the aging building could require millions of dollars worth of repairs, and regulations make it tricky for a private company to buy a public building still intended for public use. ...
Seoul scandals image
Source : BBC [Read Article] Thursday 24th of November 2016 04:46:29 AM
....A scandal is swirling round the South Korean president. Park Gun-hye has been accused by prosecutors of being complicit in a scheme to pressure big companies to donate millions of dollars to funds controlled by a very close friend. ...
South Korean authorities raid Samsung in Park Geun-hye probe image
Source : BBC [Read Article] Wednesday 23rd of November 2016 05:21:19 AM
....5m) to a company co-owned by Ms Choi and her daughter, in return for Ms Park's support for the deal. Samsung was also among several conglomerates that gave millions of dollars to two non-profit foundations owned by Ms Choi, after the latter allegedly pressured them for donations. ...
Drought, floods and water stress cost companies $14bn image
Source : Guardian [Read Article] Tuesday 15th of November 2016 05:01:07 AM
....More than a quarter of the companies said water-related issues, including floods and pollution, had affected their bottom line, typically due to higher operating costs and a disruption in production. One of the companies, Anglo American Platinum, said it was spending millions of dollars on infrastructure at its Mogalakwena mine in South Africa to protect its water supply against shortages, including a $6m upgrade to a nearby sewage works. ...
Samsung raided in political corruption probe image
Source : BBC [Read Article] Tuesday 8th of November 2016 01:26:58 AM
....Ms Choi, a long-time friend of Ms Park's, is the daughter of Choi Tae-min, a shadowy quasi-religious leader who was closely linked to Ms Park's father, then-president Park Chung-hee. She is alleged to have pushed businesses to donate millions of dollars to foundations she controlled, helped choose presidential aides, and even picked the president's clothes. ...
Challenges ahead for global container shipping industry image
Source : BBC [Read Article] Friday 4th of November 2016 11:09:32 AM
. On 31 August 2016, South Korea's biggest container operator - the Hanjin Shipping Company - filed for bankruptcy, leaving hundreds of crew and millions of dollars of goods stranded on the high seas. ...
South Korean bosses apologise after embezzlement accusations image
Source : BBC [Read Article] Tuesday 25th of October 2016 08:54:57 AM
. The directors of one of South Korea's biggest companies have bowed in a public apology, over claims that they embezzled hundreds of millions of dollars. ...
US hits Chinese firm with sanctions over North Korea ties image
Source : BBC [Read Article] Tuesday 27th of September 2016 12:55:57 AM
.... . The US Justice Department said bank accounts associated with the firm and front companies received hundreds of millions of dollars that transited through the US. ...
Saving Eurovision image
Source : BBC [Read Article] Sunday 25th of September 2016 10:49:58 PM
....Cloudflare's business model is the classic "freemium" approach, in that its basic service is free, but companies pay for increased protections. And while only an estimated 4 to 5% of its clients do pay, that brings in tens of millions of dollars in revenues. ...
Fox News settles Gretchen Carlson harassment case image
Source : BBC [Read Article] Tuesday 6th of September 2016 02:45:29 PM
....Roger Ailes became a leading figure in US cable news after Rupert Murdoch brought him in to set up Fox in the mid-1990s. For almost 20 years, Mr Ailes was the top dog as his channel posted annual profits of hundreds of millions of dollars, and transformed the cable news landscape, which had been dominated by CNN. ...
Social credit image
Source : BBC [Read Article] Friday 2nd of September 2016 01:20:18 AM
....99% of the transaction amount. "The reduction in overheads allows us to provide remittance services at a significant discount to existing providers," he says, adding that millions of dollars have already been transferred through Remit. ...
EpiPen maker to sell cheaper generic version image
Source : BBC [Read Article] Monday 29th of August 2016 03:58:22 PM
.... They also expire after 12 months. Mylan chief executive Heather Bresch said the company had spent hundreds of millions of dollars improving the product since buying the product from Merck in 2007. ...
Lotte vice chairman Lee In-won found dead image
Source : BBC [Read Article] Friday 26th of August 2016 07:15:56 AM
....But the vice-chairman, Lee In-won, - now deceased - was a trusted outsider who had worked for the company for four decades. Before Mr Lee's death, South Korean prosecutors were investigating the source of hundreds of millions of dollars in family accounts. ...
Japan may use e-waste for 2020 medals image
Source : BBC [Read Article] Tuesday 23rd of August 2016 09:50:38 AM
....The IOC minimum requirement for a gold medal is 6g of the pure yellow metal. If the medals were made of pure gold, the overall cost would run into tens of millions of dollars. ...
Ryan Lochte: Speedo and Ralph Lauren among four to end sponsorship image
....It comes after Lochte lied about being robbed at gunpoint by a policeman after a night out during the Rio Olympics. Lochte, a 12-time Olympic medalist, has earned millions of dollars through endorsements. ...
The quest to end Sierra Leone's 'hunger season' image
Source : BBC [Read Article] Thursday 18th of August 2016 11:36:02 PM
.... . Now it spends millions of dollars every year importing foreign rice. ...

Israel arrests UN worker on charges of aiding Hamas
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Source : Telegraph [Read Article] Tuesday 9th of August 2016 01:14:53 PM
.... . The charges come less than a week after Israel accused a Palestinian manager at the Christian charity World Vision of diverting millions of dollars in donations to funding Hamas’s military efforts. ...
Barclays pays a further $100m in the US over Libor fraud image
Source : BBC [Read Article] Monday 8th of August 2016 05:12:06 PM
....Libor - or London inter-bank offered rate - is used by banks to set the cost of lending money to each other. The New York attorney-general, Eric Schneiderman said government bodies and not-for-profit organisations had been defrauded of millions of dollars. ...

Donald Trump may go before court over tax deal that deprived US Treasury of millions of dollars
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. Donald Trump may be brought to court after a Telegraph investigation found the Republican presidential nominee signed off a deal designed to deprive the US Treasury of tens of millions of dollars in tax. ...

British donations to Christian charity World Vision were 'used to build a Hamas military base in Gaza'
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.... . He rose through the ranks of the charity until he became its director in Gaza, giving him control of millions of dollars in budgets, the Shin Bet said. ...
Bitcoin drops more than 10% after security breach image
Source : BBC [Read Article] Wednesday 3rd of August 2016 08:21:38 AM
....Securing bitcoin trading platforms has been a key challenge, with hacking and thefts seen as the biggest threats. In 2014, the Tokyo-based Mt Gox trading exchange declared bankruptcy when hundreds of millions of dollars in bitcoins vanished or were stolen. ...

'I've made sacrifices': Donald Trump hits back at slain Muslim soldier's father - and questions wife's silence
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...."Did Hillary's script writers write it?" Mr Trump asked ABC's George Stephanopoulos in the interview. He said he has indeed sacrificed by employing thousands of people, and raising "millions of dollars" for veterans. ...

Donald Trump's Republican National Convention speech, in full
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Source : Telegraph [Read Article] Thursday 21st of July 2016 11:28:14 PM
....In fact, her single greatest accomplishment may be committing such an egregious crime and getting away with it – especially when others have paid so dearly. When that same Secretary of State rakes in millions of dollars trading access and favors to special interests and foreign powers I know the time for action has come. ...
MPs decry 'failed' effort to stop UK property money laundering image
Source : Guardian [Read Article] Thursday 14th of July 2016 11:01:24 PM
....Estimates of the annual volume of ill-gotten gains laundered through the UK vary enormously. Vaz took his £100bn figure from the charity Transparency International but the report also cites evidence from Donald Toon, director of the economic crime command at the NCA, that it was likely to be “hundreds of millions of dollars”. ...
Investment boost for biggest mixed martial arts firm in Asia image
Source : BBC [Read Article] Wednesday 13th of July 2016 03:27:21 AM
. Asia's biggest mixed martial arts (MMA) firm, ONE Championship, said it has secured investment worth tens of millions of dollars. ...
US congress to put limits on ex-presidents' budgets image
Source : BBC [Read Article] Friday 8th of July 2016 08:24:23 PM
.... . "Upon leaving office, most presidents go on to make millions of dollars and are not in need of taxpayer subsidies," said the authors of the bill, Representative Elijah Cummings of Maryland and Representative Jason Chaffetz of Utah, in a joint statement. ...
Regulators investigate parent company of Ashley Madison image
Source : BBC [Read Article] Tuesday 5th of July 2016 09:57:50 PM
....". The company plans to spend millions of dollars improving its cyber security and Mr Millership said its aim was "to rebuild Ashley Madison as the world's most open-minded dating community. ...
Fifa ‘welcomes decision’ by KPMG to resign as governing body’s auditor image
....In a wide-ranging reform of its management structure, Fifa is looking to appoint an auditor plus finance and compliance officers. Fifa fired its finance director Markus Kattner last month after 13 years’ service over irregular bonus payments, worth millions of dollars. ...
Federal Reserve was hacked more than 50 times in the past five years image
Source : Guardian [Read Article] Wednesday 1st of June 2016 05:08:21 PM
....The Fed’s national cybersecurity team – the National Incident Response Team, or NIRT – created 263 of the incident reports obtained by Reuters. NIRT operates in a fortress-like building in East Rutherford, New Jersey, that also processes millions of dollars in cash every day as part of the central bank’s duty to keep the financial system running, according to the New York Fed’s website. ...
After the iPhone: Apple eyes Time Warner and TV for its next act image
Source : Guardian [Read Article] Friday 27th of May 2016 04:49:58 PM
....More generally, the problem is one of finding ways to get consumers to pay enough for content to continue making it at the same rate. The Netflix business model may be sustainable or it may not, but it has certainly dealt a crushing blow to companies competing with the cash-rich streaming service both for viewers and for creators, whom Netflix and upstarts like Hulu and Amazon Prime spends hundreds of millions of dollars wooing away from traditional media gigs. ...

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