Firm Management
Master Bank with Putin ties gets license revoked by Russian central bank
The shutdown of Russian bank Master Bank was the central bank's most high-profile move yet under the leadership of Russia's first female governor Elvira Nabiullina.
Wal-Mart challenges Amazon's dominance in Cyber Monday
Wal-Mart's online business had reduced the minimum amount of shopping orders online for Cyber Monday from USD50 to USD35, which is just about the same figure of minimum number of shopping orders at Amazon.
Accounting firm regulator see deficiencies in Deloitte for the second time
Although accounting regulator the Public Company Accounting Oversight Board (PCAOB) said Deloitte Touche Tohmatsu Limited failed to correct its irregularities in its audit work seen in 2009, it lauded the accounting firm for making efforts to rectify irregularities found by the board during its review in 2010 and 2011.
Zanox purchases Metrigo
Zanox, a performance advertising network has purchased Hamburg, Germany-based performance display provider Metrigo for an undisclosed sum. Originally, Metrigo was a portfolio company of Berlin-based company builder Project A Ventures.