Latest news on ‘Governance’
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Fed’s Bernanke ‘Basically Wrong’ On Interchange Fees – Sen. Durbin
WASHINGTON (Dow Jones)–Sen. Richard Durbin (D., Ill.) on Thursday said Federal Reserve Chairman Ben Bernanke was “basically wrong” when he told lawmakers that small banks could be hurt by a [...]
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SEC Gives Shareholders `Say on Pay’ for Top Executives
Bloomberg – The U.S. Securities and Exchange Commission gave shareholders the right to weigh in on pay packages for top executives to increase scrutiny of compensation practices blamed for fueling [...]
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Warren Buffett to step down from Washington Post Co. board
Washington Post – Warren E. Buffett, the chairman of Berkshire Hathaway, said Thursday that he would step down from the board of The Washington Post Co. in May when his [...]
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Madoff victims win $7.2 billion from Picower estate
CNN Money – It’s a landmark day for victims of Bernard Madoff’s Ponzi scheme. A bankruptcy court judge approved the trustee’s request to dole out billions of dollars in seized [...]
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Bernanke voices greater confidence in recovery
Reuters – The U.S. economy may finally be hitting its stride even if growth remains too weak to put a real dent in the nation’s jobless rate, Federal Reserve Chairman [...]
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Raise debt limit to avoid national catastrophe, Geithner warns Congress
Washington Post – Treasury Secretary Timothy Geithner warned lawmakers Thursday that the national debt could hit the legal limit on federal borrowing as soon as March 31, and he urged [...]
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California Woman Is Charged in Insider-Trading Probe
WSJ – A California woman has been charged with providing inside information on public companies including Nvidia Corp. and Marvell Technology Group Ltd. in connection with a continuing investigation by [...]
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Khodorkovsky Found Guilty of Oil Theft, Lawyers Say
Bloomberg – A Moscow judge found Mikhail Khodorkovsky, the jailed former head of Yukos Oil Co., guilty of embezzling crude, adding to a 2005 conviction, in a trial that has [...]
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Ernst & Young Said to Face Fraud Lawsuit Over Lehman Audits
Bloomberg – Ernst & Young LLP may be sued for fraud as early as today by New York Attorney General Andrew Cuomo for allegedly helping Lehman Brothers Holdings Inc. mislead [...]
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US slams ‘criminals’ behind WikiLeaks
ABC – The Obama administration has denounced the leaking of mountains of classified material by WikiLeaks, calling it a serious crime and an attack on the whole world.
Secretary of state [...]
