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  • +7

    4 Settle SEC Claims Against Defunct Pa. Firm

    4 Settle SEC Claims Against Defunct Pa. Firm
    PITTSBURGH - Three former officers of a defunct Pittsburgh-area medical staffing company and an attorney who worked for them have agreed to settle stock fraud claims filed by the Securities and Exchange Commission. The settlements, signed by all four participants in the World Health Alternatives Inc. case, must be approved by a federal judge, SEC attorney David Horowitz said Tuesday. The ...
    Rated: +7
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    Small Plane Crashes Into Building Housing IRS

    Small Plane Crashes Into Building Housing IRS
    AUSTIN, Texas – A low-flying small plane crashed into an office building that houses the Internal Revenue Service in Austin, Texas on Thursday, and at least one person was missing, witnesses and officials said. Assistant Austin Fire Chief Harry Evans said two people have also been taken to a hospital. Their conditions were not immediately known. A law enforcement official said ...
  • +5

    Head of SEC Inspections Office Named

    Head of SEC Inspections Office Named
    WASHINGTON - A partner in big accounting firm PricewaterhouseCoopers has been named to head a key division of the Securities and Exchange Commission blamed for contributing to the breakdown that allowed Bernard Madoff's multibillion-dollar fraud to go undetected for 16 years. SEC Chairman Mary Schapiro appointed Carlo V. di Florio the new director of the SEC's Office of Compliance Inspections and ...
    Rated: +5
  • -4

    Geithner's NY Fed told AIG to keep quiet on deals

    Geithner's NY Fed told AIG to keep quiet on deals
    WASHINGTON — Controversial deals that sent billions of bailout dollars to Goldman Sachs and other banks were kept quiet under pressure from the Federal Reserve Bank of New York, then led by Treasury Secretary Timothy Geithner. E-mails between lawyers for the New York Fed and bailed-out insurance conglomerate American International Group show AIG wanted to disclose some details about payments it ...
    Rated: -4
  • +1

    Russian Anti-Spam Chief Caught Spamming

    Russian Anti-Spam Chief Caught Spamming
    Ilya V. Ponomarev, a deputy of Russia's Duma’s Hi-Tech Development Subcommittee, has leveled shocking charges against a businessman, Pavel Vrublevsky, who served as a top anti-spam advisor to the nation.  According to an open letter (PDF, translated) from Ponomarev to Russia's Ministry of Internal Affairs (MVD), Vrublevsky was actually masterminding a spam/scareware scheme, while being paid to prevent it.Vrublevsky founded ChronoPay, a company that processes ...
    Rated: +1
  • -3

    NYC Comptroller's Rules - No Casual Fridays!

    NYC Comptroller's Rules - No Casual Fridays!
    "Mr. Comptroller" is cracking the whip. John Liu, who The Post revealed yesterday insists on being addressed as "Mr. Comptroller," has also eliminated casual Fridays and demanded that staff arrive for work by 8 a.m., officials said. "As a practical matter, people who have worked with Comptroller Liu in the past are accustomed to those hours at a minimum," spokeswoman Sharon ...
    Rated: -3
  • -5

    Banks Shut in Fla., Mo., NM, Ore., Wash.

    Banks Shut in Fla., Mo., NM, Ore., Wash.
    WASHINGTON - Regulators shut down banks Friday in Florida, Missouri, New Mexico, Oregon and Washington, bringing to nine the number of bank failures so far in 2010, following 140 closures last year in the toughest economic environment since the Great Depression. The Federal Deposit Insurance Corp. took over the five banks: Charter Bank, based in Santa Fe, N.M., with $1.2 billion ...
    Rated: -5
  • +1

    Health Care Reform: What Will Change?

    Health Care Reform: What Will Change?
    After all that time, effort and debate, we have health care reform. What does it mean for you? First up is this CCH briefing that highlights the tax changes made by the bill. This CBS News summary examines further provisions in the bill, including expanded coverage, insurance reforms, individual and employer mandates, and how Congress plans to pay for the bill. ...
    Rated: +1
  • -1

    Senate Republican Holds up Jobless Benefits

    Senate Republican Holds up Jobless Benefits
    WASHINGTON – As Congress raced to leave Washington for its Easter recess, a Republican senator blocked a stopgap bill to extend jobless benefits, saying its $9 billion cost should not be added to the national debt. As a result, some people who have been out of work for more than six months will at least temporarily lose benefits. Newly jobless people ...
    Rated: -1
  • -4

    Federal Deficit Projected at $1.35T

    Federal Deficit Projected at $1.35T
    Jan. 27--The economic stimulus bill's price tag has risen to $862 billion, the Congressional Budget Office said Tuesday -- a $75 billion jump that's a result in part to the fact that, despite the spending, joblessness has risen and the government is paying out more than expected on unemployment benefits. The CBO, in a new report, also said spending in fiscal ...
    Rated: -4
  • +2

    Health Care Reform: What's in it ... and What's Not

    Health Care Reform: What's in it ... and What's Not
    Health care reform is the law of the land. The U.S. Senate saw to that by passing a series of "fixes" in the reform bill approved earlier by the House and signed by President Obama. In response, the folks at CCH have compiled a summary of the fixes and an examination of the final reform act. The act's impact on the ...
    Rated: +2
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    AICPA and World Accounting Bodies Call for Single Standard for Climate Change Reporting

    AICPA and World Accounting Bodies Call for Single Standard for Climate Change Reporting
    NEW YORK, Dec. 9 /PRNewswire-USNewswire/ -- The American Institute of Certified Public Accountants joined with 12 major accounting institutes around the world and The Prince of Wales Accounting for Sustainability Project in an open letter to political leaders attending the Copenhagen Convention on Climate Change. The letter calls for the development of universally accepted accounting standards that would provide relevant financial ...
  • -1

    With SEC Waivers, Corporate Lawbreakers Kept Lucrative Businesses Going

    With SEC Waivers, Corporate Lawbreakers Kept Lucrative Businesses Going
    WASHINGTON _ Forget too big to fail. In the eyes of federal regulators, many Wall Street companies are too big to punish. During the past three years, some of the nation's largest financial companies have been accused by the government of cheating or misleading clients and ripping off tens of thousands of consumers of their investments. Despite these findings, these financial ...
    Rated: -1
  • -2

    GAO: FCC Must Improve Wireless Industry Oversight

    GAO: FCC Must Improve Wireless Industry Oversight
    WASHINGTON - Federal regulators receive tens of thousands of customer complaints about wireless services every year, but don't do enough to follow up or protect consumers who have problems with their mobile carriers, government auditors found. In a report released Thursday, the Government Accountability Office said the Federal Communications Commission needs to ramp up oversight of the wireless industry and do ...
    Rated: -2
  • +1

    SEC has Widened Probe Into BofA, Merrill Deal

    SEC has Widened Probe Into BofA, Merrill Deal
    WASHINGTON - The Securities and Exchange Commission has expanded its probe of Bank of America to include possible failure by the bank to disclose mounting losses at Merrill Lynch. The SEC is pursuing civil charges against Bank of America over the failed disclosure to shareholders of bonuses to Merrill employees after it was acquired by the bank. But when Ohio Democratic ...
    Rated: +1
  • +4

    SEC to Require Broader Disclosure on Executive Pay

    SEC to Require Broader Disclosure on Executive Pay
    WASHINGTON - Amid a public outcry, federal regulators are forcing companies to reveal more information about how much they pay their top executives. The Securities and Exchange Commission also is changing a formula that critics say allowed companies to understate how much their senior executives are paid. At issue is how public companies report stock options and stock awards in regulatory ...
    Rated: +4
  • +2

    SEC: Two steps forward, one step back?

    SEC: Two steps forward, one step back?
    Regulators really seem to be catching that ol' holiday spirit this year, don't they? First came the spate of pre-Thanksgiving activity at the IRS. Now, it's the SEC's turn. In a span of just a few hours, we saw two major SEC announcements arrive on the heels of a less-than-flattering independent assessment of the Commission's response to early economic warning signs. ...
    Rated: +2
  • -2

    Calif. Stimulus Czar Falling Short of Expectations

    Calif. Stimulus Czar Falling Short of Expectations
    SACRAMENTO, Calif. - As federal stimulus money began to pour in earlier this year, Gov. Arnold Schwarzenegger created the nation's first state-level inspector general to serve as a watchdog over California's windfall. He had high expectations, saying the stimulus czar would root out waste, fraud and abuse as an estimated $50 billion was being spent throughout the state. But eight months ...
    Rated: -2
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    Facebook Instant Personalization Feature Protested by Privacy Advocates

    Facebook Instant Personalization Feature Protested by Privacy Advocates
    Facebook has found itself in hot water over the last few months with very public changes to its privacy policy that would result in more of a user's personal information being shared with third-party websites. The backtracking on privacy for users of the site has raised the ire of more than one consumer watchdog group and some Senators as well.Senator Schumer sent ...
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    Government to Launch Apple Antitrust Probe

    Government to Launch Apple Antitrust Probe
    If there's one big company that knows to ruffle feathers, it would be Apple.  Apple has filed a  scatter-shot suit against HTC citing patent infringement, trying to slow down Google's Android OS's momentum.  And in the app arena, Apple has been waging a war of words and actions against Adobe's popular Flash medium.Apple has never allowed Flash Player to touch the iPhone - that ...