Jon Corzine has agreed to a lifetime ban from the futures industry to settle a U.S. lawsuit that he failed to properly oversee MF Global Holdings Ltd. as the brokerage spiraled toward failure in 2011. Corzine, an ex-governor and U.S. senator from New Jersey and the former co-chairman of Goldman Sachs Group Inc., also agreed to pay a $5 million penalty from his own pocket to the Commodity Futures Trading Commission, under a consent order approved by a federal judge in New York Thursday.
Category: Business News
Trump should defend net neutrality – Thu, 05 Jan 2017 PST
The following editorial from the Seattle Times does not necessarily reflect the view of The Spokesman-Review’s editorial board. Imagine how President-elect Donald Trump would feel if his late-night tweets were bumped to a slow lane of the internet to make way for “Saturday Night Live” broadcasts making fun of him.
Trump should defend net neutrality – Thu, 05 Jan 2017 PST
The following editorial from the Seattle Times does not necessarily reflect the view of The Spokesman-Review’s editorial board. Imagine how President-elect Donald Trump would feel if his late-night tweets were bumped to a slow lane of the internet to make way for “Saturday Night Live” broadcasts making fun of him.
Here’s How Medicare Is Changing in 2017
Medicare provides essential healthcare coverage to tens of millions of Americans, but every year, the program sees some changes to the way it offers its benefits. In 2017, not only will Medicare participants see typical changes in costs and coverage options, but they’ll also see political pressure that could result in more dramatic healthcare reform that could affect Medicare.
Obama Sanctions Russia For Interference in the U.S. Election
President Barack Obama on Thursday authorized a series of sanctions against Russia for intervening in the 2016 U.S. presidential election and warned of more action to come. “These actions follow repeated private and public warnings that we have issued to the Russian government, and are a necessary and appropriate response to efforts to harm U.S. interests in violation of established international norms of behavior,” Obama said in a statement.
Praxair facilities in western New York to remain open
U.S. Sen. Charles Schumer says Praxair has committed to preserve its facilities in that region of the state, where it employs more than 1,000 workers. The New York Democrat says Praxair will preserve its entire work force after completing a merger with a German firm.
Boeing Sends Sub-Hunters to Norway
Earlier this year, Boeing Defense head Leanne Caret laid out a plan to refocus Boeing’s efforts away from fighter jet production, and toward the sale of auxiliary aircraft such as transports and surveillance and maritime patrol aircraft. Earlier this year, we told you about Boeing’s big $3.2 billion sale of nine P-8A Poseidon maritime patrol aircraft to Great Britain.
Trump to Dissolve Foundation
President-elect Donald Trump said Saturday he will dissolve his charitable foundation amid efforts to eliminate any conflicts of interest before he takes office next month. The revelation comes as the New York attorney general’s office investigates the foundation following media reports that foundation spending went to benefit Trump’s campaign.
Trump to Dissolve Foundation
President-elect Donald Trump said Saturday he will dissolve his charitable foundation amid efforts to eliminate any conflicts of interest before he takes office next month. The revelation comes as the New York attorney general’s office investigates the foundation following media reports that foundation spending went to benefit Trump’s campaign.
3 Key Global Issues That Could Complicate Investors’s Lives in 2017
Populist movements in Europe, the aftermath of Brexit and President-elect Donald Trump’s vows to change U.S. trade agreements could destabilize the global economy. The U.S. electorate that voted for Donald Trump was hoping for more robust GDP growth than the 2% that the country has experienced for much of the last eight, post-recession years.
10 books on leadership to read in 2017
After an utterly dark and divisive year of political leadership, people will surely be looking for fresh professional inspiration in 2017: books that help us stick to our resolutions at work, that offer surprising and uplifting stories from other leaders, that provide lessons from history about consequential leaders, and books that simply give us ideas for working smarter, faster or better. To compile this year’s list of leadership books to watch for in the year ahead, we combed through publishers’ lists and picked a few that we believe will make an impact.
Anthem-Cigna Deal Cast by U.S. as Risk to Patients, Providers
Anthem Inc. and the U.S. Justice Department extended their clash over whether the insurer’s planned takeover of rival Cigna Corp. will raise costs, as government witnesses testified Friday that the deal will harm health-care providers and patients. Frank Gorse, a vice president at Patient First, which operates urgent-care centers in the Mid-Atlantic region, said he’s concerned the merger will squeeze providers due to Anthem’s lower payouts, harming patient services.