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Wind Spin
The wind-power lobby is spinning the facts in a $1.4-million TV ad campaign aimed at extending a lucrative tax break worth billions to the industry. Its ads claim that Congress is "threatening new taxes" targeting wind power, which isn't true. No "new taxes" are envisioned. Instead, Congress is ... More >>
Mortgage Probe, Bank of America, Exxon Mobil, Ablyazov, J&J in Court News
State and federal officials will aggressively investigate misconduct in the bundling of mortgages into securities following a settlement with banks over foreclosure abuses, the New York and Delaware attorneys general said.
Whitman Capital, BNY Mellon, Apple, Bayer, EPA in Court News
Whitman Capital LLC’s president was charged with taking part in two separate insider-trading conspiracies, using illegal tips on Google Inc., Polycom Inc. (PLCM) and Marvell Technology Group Ltd. (MRVL) to make more than $900,000 for the hedge fund.
BofA, Commerzbank, S&P, Adelphia, Greenlight in Court News
Bank of America Corp. is impeding an investigation of its loan modification practices by negotiating settlements with borrowers who must agree to keep them secret and not criticize the bank in exchange for cash payments and loan relief, Arizona officials say.
Credit Suisse, JPMorgan, Barclays, Wal-Mart in Court News
Kareem Serageldin, the ex-global head of Credit Suisse Group AG (CSGN) ’s CDO business charged in a bonus- boosting fraud tied to a $5.35 billion trading book, was surprised by the U.S. indictment since he has been cooperating with investigators for four years, his lawyer said.
Lottery sets deadline in mysterious jackpot case
Officials have warned they will deny payment of a multimillion-dollar jackpot unless the New York attorney who turned in the year-old winning ticket two hours before it expired provides key details by Friday.
Derivatives Bills, Greenlight Capital, Baer: Compliance
U.S. House lawmakers approved six bills to limit the reach of Dodd-Frank Act derivatives rules, including measures to define which firms are swap dealers, subjecting them to higher capital and margin requirements.
Fed H-1B Visa Probes May Help American Engineers
Vineet Nayar, chief executive of HCL Technologies, says that American tech grads are "unemployable." American computer professionals who complain that they lose jobs or get lower pay because of imported tech workers may have reason to smile.
http://www.theatlantic.com/magazine/archive/2012/01/misfortune-teller/8846/
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