US SEC was put under pressure for improper contractor vetting. The US Securities and Exchange Commission (SEC) was placed in a "hot seat" for failing to do a proper background check on 40 to 70 contractors.
Legal & Regulatory
Wisconsin bill supports business financing and job creation
Wisconsin bill that supported business financing and job creation was signed by Gov. Scott Walker. Gov. Scott Walker signed a bill Thursday that supported business financing as well as the creation of jobs in Wisconsin.
Tax charges and a merger make Julius Baer's profit fall
Julius Baer's profit fall 30% due to tax charges and a merger. Julius Baer Group AG said its profits fell due to two pressing concerns. These were a merger for expansion and a UK tax treaty.
Detroit bankruptcy appeal declined by state judge
A state judge asked for the withdrawal of Detroit's Chapter 9 bankruptcy protection appeal. The city of Detroit's request for Chapter 9 bankruptcy protection was asked by a judge in Michigan to be withdrawn.
Israel releases Palestinian prisoners as a 'sign of goodwill'
A limited number of Palestinian prisoners were released by Israel today. According to a minister from Israel, the country agreed to release a limited number of Palestinian prisoners as a gesture of goodwill to Palestine.
Latest News
Prime Minister Shinzo Abe created the “Abenomics” policy for Japan's stagnant economy. On Sunday, Japanese Prime Minister Shinzo Abe will find out whether his mandate to end the country's economic stagnation will push through.
A new patent filing to the US patent office showed that Apple developed technology for wireless dashboards.
A patent for bulk processing of liquid metal was issued to Apple's partner and affiliate. A patent issued to Apple excited iPhone fanatics and technology geeks all over the word this week.
Detroit's filing for bankruptcy may be traced to mismanagement and low tax revenue, according to analysts.
Pope Francis announced his intent to restructure the Catholic Church, including the Vatican Bank. The head of the Catholic Church spoke about reforming the entire structure of the religion, starting from the Vatican Bank itself.
America's Missing: Broadcast Emergency Response Alert triggered debates on the unnecessary interruptions it caused.
Mike Miller's salary pushed the Miami Heat's financial status towards luxury tax level, granting the team the power of amnesty.
The Miami Heat released Mike Miller by invoking the amnesty clause. Following the famous release of Metta World Peace, Mike Miller is the latest NBA player on the receiving end of the amnesty clause.
The SEBI will work closely with the PE and venture capital industry in addressing concerns. The Securities and Exchange Board of India (SEBI) planned to work closely with the private equity and venture capital firms in addressing concerns of the industry.
