The FFIEC guidance addresses the impossibility of financial institutions hiding from social media and instead calls on responsibility to stay abreast of market forces.
Read More »AOL’s Armstrong apologizes after 401(k) gaffe stirs outcry
AOL’s chief executive officer had to backtrack on a 401(k) policy change over the weekend after his comments defending the idea fueled employee outrage.
Read More »MOney 20 firm Dentons US announces PPP of $958,000
Dentons US increased revenue per lawyer and profits per equity partner for fiscal 2013. Dentons reported revenue at $473 million.
Tagged with: Dentons
Read More »Mortgage accord faces delay on modified loan issue
Bank of America Corp.’s $8.5 billion settlement with mortgage-bond investors will be delayed almost two weeks after American International Group Inc. and other objectors asked a judge for a hearing to address loan modifications excluded from the accord.
Tagged with: Bank of America home loans
Read More »J&J improperly destroyed implant files, judge says
Johnson & Johnson improperly destroyed files about some vaginal-mesh implants and may have to let juries weighing lawsuits over the devices hear evidence about the destruction, a court official said.
Read More »Labor, material concerns temper homebuilder optimism
The main reason for the increase in average construction cost is lumber prices, which have risen steadily over the past year and are expected to continue their climb in 2014.
Read More »U.S. closes Samsung antitrust probe over patent use
The case involved Samsung patents on essential technology used throughout the mobile-phone industry.
Tagged with: Samsung
Read More »Commentary: GM’s female CEO gets less pay for less work?
The media are questioning the apparent discrepancy between new General Motors CEO Mary Barra’s pay ($4.4 million) and that of her male predecessor, Dan Akerson ($9 million).
Tagged with: General Motors
Read More »Update your privacy policy or face a $2500 fine per violation
California's state laws on privacy apply not only to California businesses but to all businesses that collect information on just one California resident. Because the reach of these laws is nationwide, let’s take a look at what they mean for your company’s privacy policy.
Read More »Ex-SAC fund manager Martoma found guilty of insider trading
Former SAC Capital Advisors fund manager Mathew Martoma was found guilty Thursday in the most lucrative insider trading scheme ever.
Tagged with: insider trading
Read More »Abbott Laboratories accused of hiding AndroGel dangers
Abbott Laboratories and AbbVie Inc., the company it spun off last year, hid the dangers of using the testosterone replacement drug AndroGel, five men claimed in lawsuits.
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