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Corporations & Industry

Buffett's Berkshire Hires Four Senior AIG Executives

WSJ | Warren Buffett's Berkshire Hathaway Inc. BRKB -0.34% has hired four senior executives from American International Group Inc., AIG -3.33% attracting people with experience insuring large and unusual risks to help it expand its commercial-insurance operations. The defectors include Peter Eastwood, the head of AIG's U.S. property-casualty operations; David Bresnahan, president of AIG's Lexington unit; Sanjay Godhwani, president for Latin America and the Caribbean for AIG's property-casualty operations; and David Fields, another top property-casualty executive.

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Corporations & Industry :: 253 Views :: 0 Comments ::Article Rating
SEC Revolving Door Fuels Wall Street's Too Big To Fail Problem

Huffington Post | The steady flow of officials from the Securities and Exchange Commission into top corporate jobs feeds a regulatory culture of weak law enforcement and preferential treatment for big banks, according to a new report from the Project on Government Oversight. The group, a non-partisan investigative watchdog, said information it obtained through a Freedom of Information Act request shows 419 former SEC employees filed at least 1,949 disclosure statements revealing that they planned to represent a private-sector client with SEC business from 2001 to 2010. SEC employees are only required to file disclosure statements for the first two years after leaving the agency.

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Corporations & Industry :: 468 Views :: 0 Comments ::Article Rating
Anonymous posts over 4000 U.S. bank executive credentials

ZDnet | Following attacks on U.S. government websites last weekend, Anonymous seems to have made a new "Operation Last Resort" .gov website strike Sunday night. Anonymous appears to have published login and private information from over 4,000 American bank executive accounts in the name of its new Operation Last Resort campaign, demanding U.S. computer crime law reform.

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Corporations & Industry :: 328 Views :: 0 Comments ::Article Rating
Goldman Sachs bankers to reward themselves a staggering £8.3billion in bonuses

Daily Mail | Britain’s army of bankers will re-ignite public fury over lavish pay rewards as staff at Goldman Sachs are expected to reward themselves £8.3 billion in bonuses on Wednesday. The American investment bank, which employs 5,500 staff in the UK, will be the first to unveil its telephone number-sized rewards – an average of £250,000 a person – as part of the latest round of bonus updates.

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Corporations & Industry :: 424 Views :: 0 Comments ::Article Rating
Google starts watching what you do off the Internet too

RT | The most powerful company on the Internet just got a whole lot creepier: a new service from Google merges offline consumer info with online intelligence, allowing advertisers to target users based on what they do at the keyboard and at the mall.

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Corporations & Industry :: 469 Views :: 0 Comments ::Article Rating
New York Stock Exchange sold to derivatives company in $8bn takeover

Guardian | Sale of nearly 200-year-old institution to Intercontinental Exchange comes amid historic shift to electronic trading. IntercontinentalExchange agreed a $8bn deal to buy New York Stock Exchange owner NYSE Euronext on Thursday. The New York Stock Exchange called time on two centuries of independence on Thursday, agreeing to an $8.2bn takeover that will hand control of the icon of American capitalism to an Atlanta-based energy trader.

 

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Corporations & Industry :: 396 Views :: 0 Comments ::Article Rating
Google avoids tax on £10bn after doubling amount of money it puts into company in Bermudan tax haven

Daily Mail | Internet giant Google avoided tax on £10billion revenue last year by doubling the amount of money put into a shell company in Bermuda. Google's decision to move nearly 80 per cent of its pre-tax profits to the company, which is not subject to corporation tax on the Atlantic island, saw the company slash its overall tax rate almost in half - avoiding more than £1billion in payments.

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Corporations & Industry :: 471 Views :: 0 Comments ::Article Rating
US pension insurer runs record $34bn deficit

Presstv.ir | The federal agency that insures pensions for more than 40 million Americans last year ran the widest deficit in its 38-year history. The Pension Benefit Guaranty Corp. said last week that its deficit grew to $34 billion for the budget year that ended Sept. 30. That compares with a $26 billion shortfall in the previous year.

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Corporations & Industry :: 318 Views :: 0 Comments ::Article Rating
Romney's first project with Bain in 1977: Help propel Monsanto

NaturalNews.com | One year before Mitt Romney began working on the Bain & Company project to rebuild "Monsanto" and cast their new image and focus on agriculture biotechnology, Congress passed a bill banning PCB (polychlorinated biphenyl), an odorless, tasteless, clear liquid known to cause cancer that was the "bread and butter" of Monsanto's profits. Monsanto was already branded and plagued with the label of having created the "Agent Orange" contaminated dioxins used in Vietnam.

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Corporations & Industry :: 565 Views :: 0 Comments ::Article Rating
Inside the tiny 300sq ft apartments that are set to become legal in San Francisco and New York City

Mail Online | San Francisco could soon be competing with New York as home to some of the tiniest apartments in the country. The city's Board of Supervisors had been expected to vote on Tuesday to consider a building code change to allow apartments as small as 220 square feet - little more than double the size of some prison cells. The super-tiny efficiency units would include a bathroom, kitchen and closet. Current regulations require apartment living rooms alone to be that size.

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Corporations & Industry :: 815 Views :: 0 Comments ::Article Rating
Facebook raids grocery store databases to track your purchases for advertisers

FT | Facebook is working with a controversial data company called Datalogix that can track whether people who see ads on the social networking site end up buying those products in stores. Amid growing pressure for the social networking site to prove the value of its advertising, Facebook is gradually wading into new techniques for tracking and using data about users that raise concerns among privacy advocates.

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Corporations & Industry :: 715 Views :: 0 Comments ::Article Rating
Drug giants fined $11bn for criminal wrongdoing

The Independent | The global pharmaceutical industry has racked up fines of more than $11bn in the past three years for criminal wrongdoing, including withholding safety data and promoting drugs for use beyond their licensed conditions. In all, 26 companies, including eight of the 10 top players in the global industry, have been found to be acting dishonestly. The scale of the wrongdoing, revealed for the first time, has undermined public and professional trust in the industry and is holding back clinical progress, according to two papers published in today's New England Journal of Medicine. Leading lawyers have warned that the multibillion-dollar fines are not enough to change the industry's behaviour.

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Corporations & Industry :: 785 Views :: 0 Comments ::Article Rating
Click here to find out more! Microsoft finds malware on new computers in China

MyFowNY.com |A customer in Shenzhen, China, took a new laptop out of its box and booted it up for the first time. But as the screen lit up, the computer began taking on a life of its own. The machine, triggered by a virus hidden in its hard drive, began searching across the Internet for another computer. The laptop, supposedly in pristine, super-fast, direct-from-the-factory condition, had instantly become part of an illegal, global network capable of attacking websites, looting bank accounts and stealing personal data.

 

 

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Corporations & Industry :: 903 Views :: 0 Comments ::Article Rating
Two American Companies Layoff Hundreds Of Workers: Military Uniform Contracts Awarded To Prison Inmates

Inquisitr.com | Two American companies which make military uniforms are laying off hundreds of workers as the federal government decides to use prison inmates to make soldier fatigues. American Apparel currently charges $29.44 per uniform. The cost will increase by 15 percent when Federal Prison Industries (FPI) convicts begin sewing the clothing at a cost of $34.18 each. FPI also functions under the name UNICOR.

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Corporations & Industry :: 655 Views :: 0 Comments ::Article Rating
25 Cutting Edge Firms Funded By The CIA

Business Insider | It's no secret the Central Intelligence Agency has an investment firm that funds startups that could have a big impact for the Agency. If there is a company out there doing intelligence research, it's likely that In-Q-Tel, the CIA's personal investor, either looked them up or made a check out to them.

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Corporations & Industry :: 748 Views :: 0 Comments ::Article Rating
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