Media group appoints the former chief executive of Bloomberg as chief executive of Dow Jones, the publisher of the Wall Street Journal
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News Corp names Fenwick to head Dow Jones
BBC News If you're about to lose your home … Chicago Tribune The equitable case is the widespread fraud and deception involving subprime mortgages raining down on innocent homeowners following the Wall Street crash and the corporate greed that caused it. This is the ugly license fostered by massively one-sided, … What Occupy taught the unions Salon Occupy…Your Doctor's Office? Wall Street Journal (blog) all 236 news articles
New York Times Ex-Credit Suisse Traders To Be Charged Over Subprime Fraud Huffington Post Federal prosecutors are expected to charge four former Credit Suisse brokers with criminal fraud for misleading investors by inflating the value of subprime mortgage derivatives to increase their own bonuses, reports the Wall Street Journal. US Plans Charges on Bond Fraud Wall Street Journal Charges against Credit Suisse employees FierceFinance Feds to Charge Crooked Bond Traders Newser Reuters
“An important but fundamentally flawed debate about Fannie and Freddie's role in the ongoing crisis has raged since the SEC sued the former senior managers of both entities for securities fraud . The Wall Street Journal and …
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Stop Foreclosure Fraud in Washington State: Fannie and Freddie …
An important but fundamentally flawed debate about Fannie and Freddie's role in the ongoing crisis has raged since the SEC sued the former senior managers of both entities for securities fraud . The Wall Street Journal and …
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Fannie and Freddie Fantasies | The Big Picture
(From The Wall Street Journal) — Faced with a dearth of skilled labor, more companies are taking employee education into their own hands. Unemployment figures are high, but finding workers with the right skills for the job—especially for highly specialized roles such as power plant technicians or laboratory chemists—remains a big challenge, many firms say. In a survey from Lloyd’s, the British insurance concern, U.S. executives considered lack of skilled workers one of the greatest risks their companies faced in 2012, second only to loss of customers. So rather than wait for the perfect candidates to walk through the door, companies have decided to school their in-house staff or train new hires who may lack the exact skills they were looking for. Read more .
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Fine-Tuning the Perfect Employee
Senior Murdoch executive resigns after Wall Street Journal circulation scam exposed. -. US ties Iran to (foiled) plot to kill … How responsible are Fannie Mae and Freddi Mac for the economic malaise? -. Dennis Ritchie, the …
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How responsible are Fannie Mae and Freddi Mac for the economic …
India Today The Chidambaram-Mukherjee Makeup Show Won't 'Close the Matter' Wall Street Journal (blog) Mr. Mukherjee sought to douse speculation that the memo was intended to embarrass Mr. Chidambaram by suggesting that he could have stopped the 2008 spectrum sale before it spawned a major corruption scam . He also said certain interpretations of the … Sonia steps in to quell war, meets Pranab, Chidambaram Times of India 2G spectrum scam : Curiously transparent PMO Economic Times We don't have numbers, govt will collapse on its own: BJP Indian Express The Asian Age
The Five Million Dollar Man Wall Street Journal It's all legal, but that doesn't mean it isn't a scam . Los Angeles Times columnist David Lazarus reports on an outrage perpetrated by Anthem Blue Cross, California's biggest provider of individual health-insurance policies. It seems that 48-year-old … and more
Wall Street Journal Feared SEC Watchdog Preps Slew of Reports Wall Street Journal They include allegations that regulators destroyed documents relating to initial probes; alleged conflicts of interest concerning payments to Bernard Madoff victims; the “revolving door” between the SEC and Wall Street ; and the financial package … and more
(From The Wall Street Journal) — The status-update era is changing the annual performance review. With many younger workers used to instant feedback—from text messages to Facebook and Twitter updates—annual reviews seem too few and far between. So companies are adopting quarterly, weekly or even daily feedback sessions. Not surprisingly, Facebook Inc. exemplifies the trend. The social network’s 2,000 employees are encouraged to solicit and give small nuggets of feedback regularly, after meetings, presentations and projects. “You don’t have to schedule time with someone. It’s a 45-second conversation—’How did that go? What could be done better?” says Lori Goler, the Palo Alto, Calif., social-networking company’s vice president of human resources. More formal reviews happen twice a year. For most companies, employee reviews are still an annual rite of passage. Some 51% of companies conduct formal performance reviews annually, while 41% of firms do semi-annual appraisals, according to a 2011 survey of 500 companies by the Corporate Executive Board Co., a research and advisory firm. Read more .
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Yearly Reviews? Try Weekly
India This Evening: Reddy Brothers Had Businesses in Foreign Countries Too Wall Street Journal (blog) The Wall Street Journal has not verified these stories and does not vouch for their accuracy. Mining Scam : Reddy Brothers Had Businesses in Foreign Countries Too: CBI investigations have revealed that Gali Janardhana Reddy and his brothers owned six …
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India This Evening: Reddy Brothers Had Businesses in Foreign Countries Too – Wall Street Journal (blog)
MyFox Los Angeles Perry Used Jet of Donor Facing Fraud Probe myfoxny.com (The Wall Street Journal) – Texas Gov. Rick Perry and his family have made presidential campaign trips aboard a jet owned by a wealthy contributor who is under investigation for possible securities fraud by Texas regulators and the US Securities and … Perry used jet of donor facing fraud probe Daily Caller Perry Used Jet of Donor Who Faces SEC Probe Wall Street Journal all 17 news articles
USA Today The 10 Worst Military Contracting Boondoggles Mother Jones In effect, USAID paid a Wall Street firm beaucoup bucks to fiddle while the Afghan market burned. “USAID staff learned of serious bank problems from reading about them in the Washington Post. Deloitte never notified the agency,” the contracting … Study Finds Extensive Waste in War Contracting Wall Street Journal all 987 news articles
Globe and Mail Big Banks Face Suits on Mortgage Bond Losses Wall Street Journal The suits are likely to allege that mortgages that were securitized by Wall Street firms and other issuers misled investors about the quality of the loans. The FHFA filed the first of what could be around one dozen lawsuits in July against UBS AG, … THE FEDS TO SUE BIG BANKS OVER MORTGAGE FRAUD IN HOUSING COLLAPSE Sky Valley Chronicle Why the US is right to sue its own big banks MoneyWeek (blog) all 558 news articles
India Digest: Breather for Maran as CBI Turns 2G heat on NDA Wall Street Journal (blog) The Wall Street Journal has not verified these stories and does not vouch for their accuracy. Breather for Maran as CBI turns 2G heat on NDA: The CBI told the Supreme Court in the 2G spectrum scam case that it does not have evidence of coercion by … and more
Study Finds Extensive Waste in War Contracting Wall Street Journal The findings, first reported by the Wall Street Journal in July, point to what the panel describes as a pattern of waste, fraud and abuse that has cost taxpayers dearly and at times undermined US foreign-policy objectives. The report includes a copy of … and more
High Tide: From Unfreezing Libyan Assets To A Guilty Plea In Pennsylvania Wall Street Journal (blog) In case you missed it, Corruption Currents broke a story in Wednesday's edition of The Wall Street Journal. People familiar with the matter said Oracle Corp. is being investigated for possibly violating US anti-bribery law over its …
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High Tide: From Unfreezing Libyan Assets To A Guilty Plea In Pennsylvania – Wall Street Journal (blog)
India This Evening: Amar Singh Charged in Cash-for-Votes Scam Wall Street Journal (blog) The Wall Street Journal has not verified these stories and does not vouch for their accuracy. Amar Singh charged in cash-for-votes scam : In a major development, the Delhi Police on Wednesday filed a chargesheet in the 2008 cash-for-votes scam . … and more
The Guardian Goldman Sachs braced for legal battles over financial crisis The Guardian Photograph Charles Dharapak/AP Goldman Sachs, the embattled investment bank, will face an array of legal claims focusing on its conduct during the financial crisis, one of Wall Street's most feared lawyers warned last night. … Goldman Sachs in Eye of Wall Street Storm Examiner.com Goldman Sachs CEO Lawyers Up Amid DOJ Investigation Forbes Goldman Sachs CEO hires criminal defense lawyer Los Angeles Times Wall Street Journal
Globe and Mail Goldman Sachs CEO Lawyers Up Amid DOJ Investigation Forbes I'm a reporter on the Investments and Wall Street beat. Before joining Forbes, I wrote about everything (Seriously-everything) related to financial advisors for a trade pub called Registered Rep. I find Wall Street fascinating. … Goldman Chief Hires Outside Counsel Amid Probes Wall Street Journal Goldman Sachs CEO hires criminal defense lawyer Los Angeles Times Under Fire, Goldman Sachs CEO Hires Top-Notch Attorney Fox Business The Guardian
USA Today Is the SEC Covering Up Fraud at America's Biggest Banks? NASDAQ The article accuses the SEC, whose purpose includes the policing of Wall Street , of halting investigations and destroying over 9000 documents in cases connected to investigations of big banks. According to Taibbli, in a convenient twist of fate, … Report: SEC has destroyed Wall Street probe records for 20 years USA Today SEC Accused of Destroying Files Wall Street Journal Taibbi: SEC is covering up Wall Street crime AMERICAblog (blog) RollingStone.com
RollingStone.com SEC Accused of Destroying Files Wall Street Journal An employee at the Securities and Exchange Commission has accused the regulatory agency of destroying at least 9000 documents relating to inquiries of Wall Street banks and hedge funds. … Is the SEC Covering Up Wall Street Crimes? RollingStone.com SEC accused of dumping records of financial firms Boston Globe Matt Taibbi: The SEC's 'Orwellian' Wall Street Cover Ups Huffington Post Forbes
Ex-executive charged in NY with insider trading Wall Street Journal Ng was accused in court papers of providing inside information to Winifred Jiau, who was convicted in June of conspiracy to commit securities fraud and wire fraud . Her trial was one of the first to result from a government crackdown of Wall Street … and more
Wall Street Journal Goldman Sachs Sued, H&R Block Settles, Munis: Compliance San Francisco Chronicle 10 (Bloomberg) — The National Credit Union Administration has sued Goldman Sachs Group Inc., accusing the Wall Street firm of violating federal and state laws in the sale of securities to now-failed corporate credit unions. NCUA is seeking damages in … Goldman Sachs, Point Blank, H&R Block, Citigroup, Munis, FSA: Compliance Bloomberg US sues Goldman Sachs in credit union failures Los Angeles Times all 215 news articles
New York Times (blog) Galleon Founder's Lawyers Ask for Sentencing Leniency Wall Street Journal Mr. Rajaratnam's defense team said the government and media had unfairly portrayed him as “the poster child for every wrongful act that has ever been associated with Wall Street .” “Mr. Rajaratnam understands that he has been convicted of serious … Prosecutors seek as much as 24-1/2 years for Rajaratnam Chicago Tribune all 177 news articles
Wall Street Journal Reverse Mergers GuruFocus.com Recently, Reuters has published the special report on Chinese short-cuts to Wall Street by doing the backdoor IPO or reverse merger. Originally there were two guys named Timothy Halter and Zhihao John Zhang who brought two Chinese companies who made … US and China Fail to Agree on Cross-Border Auditing Standards Business Insider all 15 news articles
Wall Street Journal Criminal Mortgage Probes Fizzle Out Wall Street Journal “The Justice Department has and will continue to investigate financial fraud , whether it occurs on Wall Street or Main Street,” a Justice Department spokeswoman said. “And when we find sufficient evidence of criminal conduct, we will not hesitate to …
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Criminal Mortgage Probes Fizzle Out – Wall Street Journal
India This Evening: Cabinet Approves Draft of Lokpal Bill Wall Street Journal (blog) The Wall Street Journal has not verified these stories and does not vouch for their accuracy. Uddhav Calls for Mumbai Bandh on Aug. 1; Raj Opposes It : Shiv Sena's executive president Uddhav Thackeray has called for a Mumbai bandh on August 1 if the … and more
Sydney Morning Herald 'Bad boy' guilty of fraud New York Post Wall Street “bad boy” Ross Mandell may have to put off plans for his reality-TV show for up to 65 years. After taking the case Friday, a jury in Manhattan federal court late yesterday found the founder of defunct brokerage firm Sky … Sky Capital's Mandell Convicted in $140 Million Fraud Case Wall Street Journal Wall Street's Weirdest Defendant Found Guilty of $140M Fraud Mogulite Sky Capital founder guilty in boiler room fraud Reuters New Zealand Herald
The Daily Docket: McCourt Whiffs on Dodgers Bankruptcy Loan Wall Street Journal (blog) s liquidation plan, signaling the end for what was once among the nation's largest mortgage lenders before collapsing two years ago under the weight of a multibillion-dollar bank fraud . Read the Daily Bankruptcy Review story via The Wall Street Journal … and more
AdvisorOne Gensler updates Senate on Dodd-Frank Futures Magazine I thank you for inviting me to today's hearing on the one-year anniversary of the Dodd-Frank Wall Street Reform and Consumer Protection Act. [I am pleased to testify on behalf of the Commodity Futures Trading Commission (CFTC). … Is the SEC's Recent Run of High-Profile Prosecutions a Flash in the Pan? Corporate Counsel Ideological myths are no substitute for facts Baltimore Sun (blog) Atlas Shrugged. Will Regulators? Wall Street Journal Bloomberg
Deals of the Day: Reader's Digest Puts Itself on the Block Wall Street Journal (blog) [Heard on the Street] Bank of America: BofA may have to build its capital cushion by $50 billion and renege again on CEO Brian T. Moynihan's pledge to raise the firm's dividend as mortgage losses drain funds. [Bloomberg] Morgan Stanley: The Wall Street … and more
As stress test detail come in, the more ridiculous the latest results look. For example, the four largest French banks have $425 billion in loans to institutions and individuals in Portugal, Ireland, Italy, Greece and Spain. That is on top of whatever sovereign debt they are holding. Please consider the Wall Street Journal report It Isn’t Just Sovereigns Stressing Europe’s BanksDuring Europe’s 15-month financial crisis, investor and analyst fears have centered largely on banks’ holdings of …
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Details Cast More Suspicion on Latest European Bank "Stress Tests"
The Good Leads Wall Street Journal (blog) (24/7 Wall Street ) Restaurant stocks are really cooking (I know, so lame), the best looking ones include BJRI, MRT and BWLD. (The Armo Trader) The regional airlines could be ready to fly (okay, I just couldn't help myself, sorry), check out the setups … and more
Portfolio.com Bank of America Subsidiary Ordered To Pay Rosen Hedge Funds $63.7M On Wall Street Bank of America subsidiary Merrill Lynch Professional Clearing Corp. has been ordered to pay hedge fund clients Rosen Capital Partners and Rosen Capital Institutional $63.7 million plus interest for an arbitration case … Merrill Loses Crisis-Era Arbitration Case, to Tune of $63.7 Million Wall Street Journal Briefly Charlotte Observer Subpoenas issued to Bank of America execs GFS News all 67 news articles
Calpers Rehires State Street Despite Forex Lawsuit -Bloomberg Wall Street Journal In selecting Boston-based State Street for a new, three-year contract, Calpers passed over competing bids from Wall Street's JP Morgan Chase & Co. (JPM) and Bank of New York Mellon Corp. (BK), said Wayne Davis, a spokesman for the pension fund. … CA pension fund re-hires State Street despite lawsuit CFTC Law all 10 news articles
Look Out for Work -at- Home Scams Wall Street Journal With unemployment high and savings stretched thin, many older Americans are turning to home -based businesses to supplement their retirement income. But people seeking work-from-home opportunities can be targets for scam artists, …
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Look Out for Work-at-Home Scams – Wall Street Journal
UK Fraud Office Says It's Not Probing Banks in US Fund Case BusinessWeek The US Securities and Exchange Commission is examining whether transactions with Libya's sovereign fund may have violated bribery laws, the Wall Street Journal reported last month, citing people it didn't identify. SEC officials are reviewing documents … Alderman: SFO Is Not Looking At Banks In Sovereign Fund Probe Wall Street Journal (blog) all 3 news articles
New York Times The Daily Docket: Former Taylor Bean Leader Gets 30 Years Wall Street Journal (blog) Borders Group Inc. chose Direct Brands, a company owned by private-equity firm Najafi Cos., as the opening bidder in a looming bankruptcy-court auction of the big bookseller, The Wall Street Journal reports. Canadian telecommunications-equipment … Mortgage Executive Receives 30-Year Sentence New York Times Ex-Taylor Bean chair gets 30-year prison term: WSJ MarketWatch Where does Farkas rank on scofflaw list? Ocala all 450 news articles
Ex-Lawyer Gets 2½-Year Term in Insider-Trading Probe Wall Street Journal NEW YORK—A former patent lawyer was sentenced to 2½ years in prison Thursday after pleading guilty to criminal charges as part of a broad probe into insider trading on Wall Street . Arthur Cutillo, a former lawyer with Ropes & Gray LLP, … and more
High Tide: From Bribery Act Posturing To Arming Rebels Wall Street Journal (blog) New York City Mayor Mike Bloomberg demanded back the $600 million the city gave to the head contractor in charge of the CityTime project, which was riddled with fraud , corruption and bribery. More here. ( Wall Street Journal, NY Times) Former … and more
New York Times Madoff surprised he didn't get a public stoning Wall Street Journal AP NEW YORK — Wall Street swindler Bernard Madoff says he believes the judge who sentenced him to 150 years in prison for his epic fraud was so beholden to mob psychology he's surprised his penalty wasn't a public stoning. The 73-year-old Madoff told … Madoff says he was surprised judge didn't 'suggest stoning' as Ponzi punishment New York Post Madoff describes himself as 'human piñata' MSN Money Madoff surprised he didn't get a public stoning Forbes all 333 news articles
Sydney Morning Herald Meet Gary Foster: Citi Accountant Accused of $19 Million Fraud Wall Street Journal (blog) Wall Street Journal colleague Chad Bray: “A 1998 graduate of Rutgers University with a major in accounting, Mr. Foster joined Citigroup in 1999 and earned less than $100000 a year before his departure in January, according to a person familiar with the … Citi stunned as employee accused of $18.4m fraud Sydney Morning Herald Former Black Vice President Steals Millions From Citigroup The Atlanta Post Former Citi VP Charged with Bank Fraud in Big Embezzlement Case Barron’s (blog) Forbes (blog)
Swindler in Telecom Fraud Is Set to Plead Guilty Wall Street Journal The planned plea was disclosed in court papers filed Thursday in Dallas federal court where the fraud case is being heard. The 74-year-old Mr. Quinn, whose career was profiled in The Wall Street Journal last year, agreed to plead guilty to two counts …
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Swindler in Telecom Fraud Is Set to Plead Guilty – Wall Street Journal
Swindler in Telecom Fraud Is Set to Plead Guilty Wall Street Journal The planned plea was disclosed in court papers filed Thursday in Dallas federal court where the fraud case is being heard. The 74-year-old Mr. Quinn, whose career was profiled in The Wall Street Journal last year, agreed to plead guilty to two counts …
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Swindler in Telecom Fraud Is Set to Plead Guilty – Wall Street Journal
USA Today Morgan Keegan paying $200M to settle fraud charges USA Today On Tuesday, Wall Street bank JPMorgan Chase agreed to pay $153.6 million to settle the SEC's civil fraud charges that it misled buyers of complex mortgage investments just as the housing market was collapsing. Regulators have been investigating a … Regions hit on mortgage-securities fraud charges MarketWatch The US gets semi-tough with some mortgage dealers The Progress Report Charges Settled, Icon Put on Sale Wall Street Journal all 327 news articles
Los Angeles Times The price of Wall Street's black box Financial Times … in which it paid $153m to settle civil fraud charges, carries an important lesson. The behaviour revealed in the JPMorgan and Goldman cases is a product of the conflicts of interest embedded in how integrated Wall Street banks work. … JPMorgan Gets a Break Where Goldman Got Nailed: Jonathan Weil Bloomberg Challenges in Chasing Fraud Wall Street Journal JPMorgan to Pay $153 Million to Settle SEC Fraud Charges PBS NewsHour AFP
(From The Wall Street Journal) — When you walk into an Apple store, every experience, from the welcome greetings issued to customers to the things running on the demo computers and iPads, is carefully planned. In an attempt to understand the Apple Store mystique, the WSJ’s Yukari Kane hung out in stores, talked to former and current employees, and reviewed confidential training manuals. In doing so, she found out just how carefully Apple thinks about the smallest details. As Kane explained to Stacey Delo in an exclusive WSJ video, employee training is paramount. A 2007 employee training manual has the stores’ “steps of service” laid out in the acronym APPLE where A stands for “Approach customers with a personalized warm welcome,” P means “probe politely to understand all the customer’s needs, ” etc. Employees are even trained on what not to say. “They avoid saying the word, ‘unfortunately,’” said Kane. “If a customer mispronounces the name of a product they are taught never to correct them.” Read more .
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That Warm, Fuzzy Apple Store Feeling? All Planned.
Justice Department Touts Anti-Corruption Record To Fraud Examiners Wall Street Journal (blog) Corruption Currents, The Wall Street Journal's corruption blog, digs into the ever-present and ever-changing world of corporate corruption. It is a source of news, analysis and commentary for those who earn a living by finding corruption or by avoiding … and more