Hannes Smarason facing whole slew of cases

Hannes Smarson is facing embezzlement charges is his role in the misappropriation of funds from FL Group hf during his time as its chairman.


Bank of America and executive to pay damages for shoddy loans under the 'Hustle' program

The Hustle, as it was known, rewarded volume instead of quality for mortgages sold by Bank of America to Fannie Mae and Freddie Mac.

New cancer and cleft centers to be built under PPP model in Assam

Assam Chief Minister Tarun Gogoi, in a press conference, discussed the construction of a cancer and surgical cleft center in his state with the help of private entities.

After the recent shutdown costs, the bare numbers were reported by US government

The highest cost is the back pay for the furloughed employees according the US government data. Ironically, the sixteen day government shutdown and government service interruptions had actually helped the job situation in the United States, not hurt it as earlier expected.


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EC Harris and Mace would form a joint venture to manage the construction of Kingdom Tower. The United Kingdom's EC Harris and Mace had signed a joint venture agreement to provide project management services.
According to Global Finance, the National Bank of Abu Dhabi is acclaimed as the world's safest bank.
Al Meera would be working with Al Muftah and Al Aliaa to construct malls in Qatar. Retail giant from Qatar, the Al Meera Consumer Goods Company had announced it had signed an agreement to build seven new neighborhood shopping malls in the country.
Retail giant Lulu Hypermarkets, under the leadership Yussuffali MA is expanding to Asia, North Africa and Middle East.
China's key Communist Party meeting expected to yield monumental economic and political reforms.
Newly named BlackBerry executive chairman and interim CEO John Chen doesn't doubt the Canadian company's ability to make a comeback.
US manufacturers Remington and Winnebago recently branched out to clothing and accessories, outdoor apparel and camping gear.
SAC's first public statement after pleading guilty was criticized for lack of contrition. SAC Capital Advisors was criticized for its lack of contrition after pleading guilty on four counts of securities fraud and one count of wire fraud.
Investors were positive that BlackBerry can make a comeback, but in the meantime stakeholders especially employees are taking the brunt of the crisis.
Lawyers for Major League Baseball and Alex Rodriguez argue as to jurisdiction of the case, if it were in federal court or state court.