Court papers filed by the federal government and Apple against a former manager detail a scheme that allegedly saw confidential Apple data supplied to Asian electronics companies over more than three years in return for kickbacks of more than $1 million.Â Apple says that over the course of more than three years, two individuals colluded… Read more »
Posts Categorized: Uncategorized
Best Selling Candy
Candy is big business.Â While international giants such as Mars Inc.,Â NestlÃ©, and Kraft dominate the industry, there is still room for smaller, regional players like South Africa’s Tiger Brands and China’s Hsu Fu Chi International, with each country having a No. 1 candymaker. Even though chocolate remains the most popular candy in the world, chewing… Read more »
Happy Birthday! Microsoft is 35 years old!
From modest beginnings, Microsoft, started by college dropout Bill Gates, gave birth to an entire industry, changing the way we live and work and became one of the largest software companies on the planet. As this article points out, not everything has been notable during its history. In particular, look at this parody video of… Read more »
Saving for the Future
Did you know that roughly 50 percent of employees have no retirement savings at all?Â In an effort to increase the number of Americans who are saving for retirement, a bill known as the Automatic IRA Act of 2010 has been introduced in the Senate by Sen. Jeff Bingaman (D-NM) and in the House by… Read more »
Interesting News for IFRS Nay-sayers
While reviewing the proposed expansion of the International Financial Reporting Standards for accounting, Tim Bush, a member of the â€œUrgent Issues Task Forceâ€ that scrutinises the work of the Accounting Standards Board (ASB), claims to have uncovered â€œfatalâ€ and â€œdangerousâ€ flaws in the system.Â Mr. Bush alleges the regulations, and specifically the way they have… Read more »
Power to the Shareholders
According to a new report from the Wall Street Journal, shareholders have won a victory in obtaining greater clout to place directors on corporate boards.Â This is part of the theÂ “shareholder rights” movement that has been chipping away the power from top executives inÂ U.S. run corporations. However, the Journal also predicts skirmishes ahead by public… Read more »
What’s up with Hulu?
According to the New York Times, Hulu is approaching investment banks to underwrite an IPO this fall valuing the company at $2 billion. What is Hulu? Hulu is an online video service that offers a selection of hit shows, clips, movies, and more at Hulu.com and numerous destination sites online and across four screens â€”… Read more »
Reform Bill Targets Credit Raters
On Thursday, May 13, 2010, the U.S. SenateÂ took steps to overhaul the credit-rating agency business, which is widely maligned for its role in the 2007-2009 financial crisis.Â An amendment by Democratic Senator Al Franken passed for a government clearinghouse to be set up to assign debt rating duties to agencies, with federal regulators developing… Read more »