From Forbes:
The latest enrollment figures from for-profit colleges suggest that damning publicity over their business practices, as well as tighter government regulations that followed it, has done deep and long-lasting damage to the industry.
Forecasts for the five biggest publicly-traded schools now call for revenue declines to continue at least through fiscal 2014. Share prices are down between 32% and 86% in the past two years, turning some once-heady investments into [...]
So much for Google’s promise to cooperate with the Texas attorney general’s investigation of its business practices. With thatpledge now two years in the past and gathering dust, the company is taking a decidedly different approach to Texas AG Greg Abbott’s repeated requests for documents it has allegedly been withholding from his office. Having first requested more time to produce the documents demanded of it, Google is now simply refusing to [...]
Ever wondered what your co-workers make? Employees at one Colorado company don’t have to guess. They know.
Boulder-based Namasté Solar, a Solar panel installation company, may be on the cutting edge of business practices for a number of reasons. One certainly among them is the fact employees know what their co-workers are being paid, according to American Express OPEN Forum (h/t Business Insider). In addition to bi-annual retreats and a voting system that counts the [...]
EU can fine Google up to 10% of global revenue
Google’s global ad revenue estimated to be $485BN
‘Last chance’ to settle claims over promoting its advertising services over smaller rivals
Search giant also under spotlight over concerns about Android
Google CEO Larry Page; The European Union’s antitrust chief gave Google a ‘last chance’ of a few weeks to avoid formal charges for manipulating search results to promote Google services
Google has been ordered by [...]
From Bloomberg:
“The U.S. Justice Department and the Federal Bureau of Investigation in New York have begun a criminal probe of JPMorgan Chase & Co. (JPM)’s $2 billion trading loss, a person familiar with the matter said.
The U.S. is looking into whether criminal wrongdoing occurred in relation to the losses the bank reported last week, said the person, who declined to be identified because the matter isn’t public. The inquiry is in its most [...]
From FT:
David Cameron on Thursday concluded a three-day trip to the US by meeting leading New York financiers, including an awkward encounter with Lloyd Blankfein, boss of Goldman Sachs, the bank whose business practices have been under fire this week.
After two days enjoying the undivided attention of Barack Obama in Washington – an event exposed to the full public spotlight – the New York leg of the trip was more problematic [...]
I would love to get some feedback on this article.
The Third Industrial Revolution: How Lateral Power Will Transform Society (Excerpt) (September 28, 2011)
“The new era will bring with it a reorganization of power relationships across every level of society. While the fossil fuel-based First and Second Industrial Revolutions scaled vertically and favored centralized, top-down organizational structures operating in markets, the Third Industrial Revolution is organized nodally, scales laterally, and favors distributed [...]
Just prior to WW II, U.S. companies collaborated with the Japanese, violating FDR’s embargo on technology useful to their war machine.
http://www.wvculture.org/history/journal_wvh/wvh55-6.html
Senator Harley M. Kilgore and Japan’s World War II Business Practices
“The Japanese attack on Pearl Harbor has focused much attention on events surrounding December 7, 1941. However, even before that infamous day, Japan had been preparing for war with the United States. For some time, the Japanese had been gathering [...]
(AFP) BEIJING — Gucci said it had “replaced” senior managers in China and was reviewing its business practices after former staff at a flagship store said they were abused so badly that some suffered miscarriages.
The Italian fashion label issued a statement late Tuesday after Chinese media said some former employees at the store in the southern boom town of Shenzhen claimed they had to ask [...]
CNBC
The Justice Department is investigating whether the nation’s largest credit ratings agency, Standard & Poor’s, improperly rated dozens of mortgage securities in the years leading up to the financial crisis, according to two people interviewed by the government and another briefed on such interviews.
The investigation began before Standard & Poor’s cut the United States’ AAA credit rating this month, but it is likely to [...]
From FT:
Google is facing fresh protests following its decision last week to stop copying some types of information from other websites for use in its own, rival services.
The reversal is the first indication of Google changing its business practices since the US Federal Trade Commission launched a broad anti-trust investigation into the company last month. A similar review was begun in Europe last year.
The internet search group [...]
http://www.wvculture.org/history/journal_wvh/wvh55-6.html
Senator Harley M. Kilgore and Japan’s World War II Business Practices
http://www.wvculture.org/history/journal_wvh/wvh55-6.html
Senator Harley M. Kilgore and Japan’s World War II Business Practices
“…In September 1944, James S. Martin, Chief of the Economic Warfare Section of the War Division of the Justice Department, testified, “in the decade before Pearl Harbor, a constant stream of information flowed to Japan as a result of Japanese Commercial transactions with American firms–technical information and economic data of the utmost importance to Japan’s armed forces.” Industries most involved [...]
Google confirmed on Friday that the Federal Trade Commission had opened an antitrust investigation into its core search and advertising business.
The inquiry has the potential to turn into the biggest showdown between the United States government and a major technology company since the Microsoft antitrust trial that began in the late 1990s.
In a regulatory filing, Google said that a day earlier it had “received a subpoena and [...]
Republican Orrin Hatch called Thursday’s hearing a dog and pony show, a point he drove home with a visual aid.
NEW YORK (CNNMoney) – Dragged before Congress as gas prices explode at the pump, oil executives mounted a vigorous defense of their business practices on Thursday — pushing back against plans to eliminate tax breaks for the “big five” oil and gas companies.
All five executives acknowledged rising prices at the pump, [...]
by Jan Paul
quote
“On November 3, 2007, I sent an email to Mr. Robert Rubin and three other members of Corporate Management… In this email I outlined the business practices that I had witnessed and attempted to address. I specifically warned about the extreme risks that existed within the Consumer Lending Group. And I warned that there were ‘resulting significant but possibly unrecognized financial losses existing within Citigroup.’”
And now taxpayers own [...]
If they made something like ice cream or cardboard boxes you’d have all sorts of histories and predictors to guide you.
Apple’s largest source of revenue is the iPhone which was only released three years ago. The iPad was released just about three months ago and also looks to be starting a fantastic run.
Apple has no debt, $40+B in cash, owns their own technology, has no legacy products to hold [...]
Every time a bell rings, an inside trader gets his bonus.
Banking/government corruption is too big to fail.
If you follow the link and sources below you will find at least 70 cases, between 1926 and 2010, where Goldman Sachs has been charged, or suspected by the SEC for involvement in insider trading or fraud. Check it out to see to that number of convictions against the firm and its employees is [...]
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