Archive for November, 2014
United Technologies CEO Retires, Succeeded By CFO
NEWS
Louis Chenevert, chief executive officer of aerospace and building systems giant United Technologies Corp., is retiring after six years on the job and will be replaced by the company’s chief financial officer.
Top 10 Legal Mistakes Small Businesses Make
NEWS
Forbes magazine offers a list of the top 10 legal mistakes entrepreneurs make and what to do about them (in addition to seeking the advice of an attorney).
Target Tries to Limit Liability to Banks
NEWS
Target Corp. is trying to avoid liability for tens of millions of dollars banks claim to have lost after hackers broke into the retailer’s payment processing systems a year ago.
Video Streaming Service Aereo Files for Bankruptcy
NEWS
Five months after the U.S. Supreme Court invalidated its business model, online video streaming company Aereo Inc. has filed for bankruptcy protection.
Houston E-Discovery Company Raises $10 Million for Expansion
NEWS
E-discovery systems developer CS Disco Inc. of Houston has closed a $10 million Series B fundraising round, the Houston Business Journal reported.
Goldman Fires Two Bankers Over Secret Fed Documents
NEWS
Goldman Sachs Group Inc. fired two of its bankers after one of them allegedly brought secret documents from the Federal Reserve Bank of New York into the firm, Bloomberg News reports.
Arizona Sues GM for $3 Billion Over Recalls, Cites In-House Attorneys
NEWS
Arizona has filed suit against General Motors, claiming that the automaker defrauded the state’s consumers of an estimated $3 billion, The New York Times reports.
States’ Contractual Boilerplate: Same Provisions, Different Results?
White Paper
When it comes to the so-called “boilerplate,” how much does the selection of one state over another matter?
Optimizing Asset Management Practices to Mitigate the Effects of a Down Market
EVENT: Dec. 11, 11 a.m. CST
The Oil & Gas Journal will present a complimentary webinar optimizing asset management strategy to stay in business when the market turns down.
Performing Construction Contract Risk Analysis
On-Demand
Baker Tilly hosts a complimentary on-demand webinar on how to analyze a contract for project risk and learn how to develop a risk mitigation plan.
DOE Wind Market Reports Overview: A WINDExchange Webinar
On-Demand
The U.S. Department of Energy has posted a complimentary on-demand webinar on key trends in the U.S. wind power market.
Managing Your Global Payroll: Challenges and Solutions
On-Demand
Ceridian offers a free on-demand webinar on proper global payroll management techniques.
Agencies Issue New Guidelines on ‘Pushdown Accounting’
White Paper
The Financial Accounting Standards Board and the Securities and Exchange Commission have issued new guidance on “pushdown accounting,” which involves an acquired organization using the acquirer’s basis of accounting to prepare its financial statements.
Risk Management Controls and Compliance Systems Critical for New Equity Issuers
White Paper
With the IPO market continuing to surge, it’s vital that companies preparing for their IPOs rigorously examine their risk management, controls and compliance infrastructure for a successful offering and to support future growth.
Bank of Tokyo Ordered to Move Compliance Operation
NEWS
Bank of Tokyo Mitsubishi agreed in a settlement with financial regulators Nov. 18 to move its money laundering and sanctions compliance unit from Tokyo to New York.
Ex-Jefferies & Co. Managing Director Has Warning for Court
NEWS
Any business transaction involving simple negotiations could be subject to prosecution, former Jefferies & Co. managing director Jesse Litvak warned an appeals court inn an attempt to have his securities fraud conviction thrown out, Bloomberg Businessweek reported.
Credit Monitoring Company Settles With FTC
NEWS
Credit monitoring company One Technologies LP will refund $22 million to customers to settle U.S government allegations that its websites inadequately disclosed its charges for credit scores.
Energy Derivatives: Effectively Navigating Dodd-Frank
On-Demand
Gibson Dunn & Crutcher have posted a complimentary webinar addressing recent developments at the Commodity Futures Trading Commission
GNC Sees More Top-Level Executive Departures
NEWS
Gerald Stubenhofer, GNC Holdings Inc. senior vice president, chief legal officer and company secretary, has “separated from his employment,”
MetLife Restructuring Aimed at Better Corporate Governance, Less Risk
NEWS
MetLife has merged four of its previously independent subsidiaries to improve corporate governance and facilitate compliance with regulatory mandates, reports Insurance Networking News.