Jeff Sonnenfeld, Yale University School of Management and CNBC Contributor, discusses Wells Fargo CEO John Stumpf's testimony before Congress.
WASHINGTON— Outraged Republican and Democratic lawmakers on Wednesday grilled the head of pharmaceutical company Mylan about the significant cost increase of its life-saving EpiPens and the profits for a company with sales in excess of $11 billion. Defending the company's business practices, Mylan CEO Heather Bresch told the House Oversight and...
The payments company is accused of charging excessive fees to stores in London.
The big box retailer and Coca-Cola face heat on social media over a store display in Florida.
A Norwegian newspaper criticized Zuckerberg after Facebook removed an iconic photo from the Vietnam War.
The bank will pay $185-million in penalties and an additional $5-million to affected customers.
The bank is imposing a new rule for top employees that forbids them from donating to candidates running for state and local offices, as well as sitting officials running for federal office.
The cases, among several before the Luxembourg- based Court of Justice of the European Union, are being closely watched by the pharmaceuticals industry fighting to preserve a longstanding business practice. In June 2013 the European Commission said such agreements were anti-competitive as it imposed a 146 million euro fine on Lundbeck and eight other...
An independent economist says the tech giant may be forced to pay as much as $20-billion in back taxes.
SHANGHAI, Aug 30- Chinese private investment funds will conduct a "self-inspection" of their business practices in compliance with a directive from the State Council, China's cabinet, according to a notice posted on the website of the Asset Management Association of China. The inspection initiative follows a finding by China's securities regulator that some...
Experts say cobalt is being mined by young children in poor working environments.
The SEC slaps WL Ross and Company with the fine after failing to disclose how it calculates fees for some of its funds.
Shinsei Bank's former chairman Masamoto Yashiro talks about the positive changes in Japan's corporate structure and the need for corporate stewardship.
The charity encourages the public to ask the company to stop using antibiotics in its global food supplies.
Panera CEO Ron Shaich says he thinks all meals designed for children should be 'good food.'
A probe into the Canadian company centers on whether it defrauded insurers by hiding ties with Philidor.
The Tokyo offices were searched by Japan's Fair Trade Commission on suspicion of antitrust practices.
Tesla CEO Elon Musk criticizes the California Air Resources Board for being 'incredibly weak in its application of ZEV credits.'
Aug 3- Herbalife Ltd's on Wednesday posted second-quarter results that beat forecasts as strong demand for the marketing company's nutrition products helped offset a $203 million payment to settle a U.S. probe into its business practices. Herbalife agreed in July to settle the Federal Trade Commission investigation and change its business model after...
Demonstrators are fighting against the chain after 35 workers were arrested on illegal immigration charges.