While FAA inspectors complained that they've had to cancel inspections because of the agency's tight travel budget, the GAO said it couldn't confirm the assertions because the FAA said doesn't keep separate data on travel expenditures for oversight of foreign repair stations. The report also criticized the FAA for not collecting data from airlines on the... » Read More
It is the ECB's mandate, credo and conviction that only an inflation-free (inflation-free in ECB speak is a rise in consumer prices of no more than 2 percent) economy is a healthy economy and that price stability is the best guarantor for economic growth and prowess.
The latest sovereign wealth fund move underlines hemes at this year's MIPIM: where do the value opportunities lie a year after the credit crunch started to take hold, and who will emerge as the new dominant players?
The 28,000 delegates can now start to discuss the real issue of the day. Who will throw the most fabulous party? And more importantly: how the devil are they making enough money to pay for it?
We all expected the credit crunch to cast a shadow across the start of this year's MIPIM real-estate conference starting in Cannes tomorrow. But a literal storm was the immediate problem.
I've received so many emails from readers who are interested in following up on how American Apparel is doing and asking for details of CEO Dov Charney's sex harassment trial. The last post on Retail Detail mentioned that Charney was headed to trial.
You might have seen the headlines. You might have seen curious press pics and television news clips with German top managers, such a Klaus Zuminkel, the (since pushed into resigning) CEO of Deutsche Post, led in handcuffs from their homes, a battalion of tax investigators bearing boxes of documents trailing triumphantly.
Spain is investigating a number of people suspected of using accounts in Liechtenstein to dodge taxes, Spanish authorities said on Wednesday.
Is it a sign of the increasingly worrisome state of UK public finances (now that Northern Rock is officially on the books) that has driven the government to buy information from a whistleblower in Lichtenstein?
The European Business Summit takes place each year in Brussels and this year the event is focusing on green issues.
The Supreme Court on Wednesday made it harder for consumers to sue manufacturers of federally approved medical devices.
The tax controversy between tiny Lichtenstein and its big German neighbor is more intriguing than fiction.
Now that American Apparel CEO Dov Charney's sexual harassment and wrongful termination lawsuit is headed to trial, will there be changes in the boardroom or behavior in how day-to-day management of American Apparel is handled? ...The trial is set to begin today...
The focus of much of the mainstream media coverage of the Northern Rock nationalization has been directed towards the fate of the stricken lender’s long-suffering shareholders. But it's tough to find sympathy for equity investors.
For wealthy Germans, many of whom have long hidden their money outside the country to avoid its high taxes, this has been a weekend of high anxiety. For their fellow citizens, it has been a riveting spectacle, dominating the public discussion for days.
Klaus Zumwinkel will resign as chief executive of German mail and logistics group Deutsche Post, the company said on Friday as a tax-dodging probe threatened to ensnare more rich Germans.
German Finance Minister Peer Steinbrueck said on Friday that prosecutors' investigations into suspected tax dodging by Deutsche Post AG chief executive Klaus Zumwinkel were damaging to public confidence.
Societe Generale ignored early signs of alarm regarding Jerome Kerviel's trading, as long as he was bringing money to the bank, Guillaume Selnet, one of Kerviel's lawyers, told CNBC Europe on Thursday.
Bill Lerach was corporate America's worst nightmare. If there was anyone who could actually scare a CEO, he was the man. As an attorney who made millions suing companies on behalf of shareholders, he was known as "The Doberman" at the law firm Milberg Weiss, and he was proud of the title.
William Lerach, a former partner at a well-known New York law firm, was sentenced to two years in federal prison for his role in a lucrative kickback scheme involving class-action lawsuits against some of the nation's biggest corporations.
Filomena Tobias, wife of the late hedge fund manager Seth Tobias, is unlikely to face any charges in the death of her husband, according to a report in the Palm Beach Post that quoted a spokesman for the Palm Beach County State Attorney.