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KPMG appoints risk management chief after accounting scandals

KPMG appoints risk management chief after accounting scandals

Mary O’Connor hired by auditor for new position

Published 1 second ago

Private Pension Product, Sold by Felon, Wipes Investors Out

Private Pension Product, Sold by Felon, Wipes Investors Out

Scott Kohn, a 64-year old felon, ran a company from a Nevada strip-mall mailbox that investors claim took them for more than $100 million in losses.

Published 3 weeks ago

IKEA Lets Some Take DIY Off the Table

IKEA Lets Some Take DIY Off the Table

The Swedish retailer plans to open its first store in India next month—and has learned that many shoppers there would be unlikely to buy furniture they need to assemble. The chain plans to help them out.

Published 3 weeks ago

Some Companies See in North Korea Glimmers of Economic Opportunity

Some Companies See in North Korea Glimmers of Economic Opportunity

North Korea, one of the world’s most difficult business environments, looks promising to a number of South Korean corporations and their advisers with an eye on the country’s labor market and vast mineral reserves.

Published 3 weeks ago

China’s central bank injects $74bn into banking system

China’s central bank injects $74bn into banking system

PBoC loans to commercial banks are part of easing monetary policy as economy slows

Published 1 second ago

Trump Threatens Iran in Late-Night Tweet

Trump Threatens Iran in Late-Night Tweet

In a tweet late Sunday night, President Trump warned his Iranian counterpart to be cautious in his country’s approach to the U.S. or suffer consequences such as few in history have suffered.

Published 3 weeks ago

Sudden CEO Shift Jolts Fiat Chrysler

Sudden CEO Shift Jolts Fiat Chrysler

The deteriorating health of Sergio Marchionne forced Fiat Chrysler to replace him as CEO this weekend, a sudden change at a company dealing with a rapidly evolving industry and a global trade dispute.

Published 3 weeks ago

Tesla Asks Suppliers for Cash Back to Help Turn a Profit

Tesla Asks Suppliers for Cash Back to Help Turn a Profit

Tesla has asked some suppliers to refund a portion of what the electric-car company has spent previously, an appeal that reflects the auto maker’s urgency to sustain operations during a critical production period.

Published 3 weeks ago

Papa John’s Board Votes to Adopt ‘Poison Pill’ Against Founder

Papa John’s Board Votes to Adopt ‘Poison Pill’ Against Founder

Papa John’s International’s board members voted to adopt a “poison pill” on Sunday to prevent its controversial founder from gaining a controlling interest in the pizza chain.

Published 3 weeks ago

Trump, Aides Diverge Further on Russia

Trump, Aides Diverge Further on Russia

As the administration prepares for another summit meeting between President Trump and Russian President Putin, there is division within the U.S. ranks over Moscow’s intentions and whether the two sides will be able to cooperate on a range of issues including the conflict in Syria.

Published 3 weeks ago

China’s Global Building Spree Runs Into Trouble in Pakistan

China’s Global Building Spree Runs Into Trouble in Pakistan

To fund a 70-nation infrastructure initiative, Beijing has been extending loans in opaque deals often contingent on using Chinese contractors. Three years into China’s program in Pakistan, that nation is heading for a debt crisis, caused in part by a surge in Chinese loans and imports.

Published 3 weeks ago

2.5 Billion Pounds of Meat Piles Up in U.S. as Production Grows, Exports Slow

2.5 Billion Pounds of Meat Piles Up in U.S. as Production Grows, Exports Slow

Meat is piling up in U.S. cold-storage warehouses, fueled by a surge in supplies and trade disputes that are eroding demand.

Published 3 weeks ago

Carter Page Surveillance Documents Set Off New Skirmish

Carter Page Surveillance Documents Set Off New Skirmish

The weekend release of top-secret surveillance warrants reignited partisan skirmishes over whether the Justice Department was justified in monitoring a former Trump campaign adviser.

Published 3 weeks ago

Donald Trump threatens Iran with severe ‘consequences’

Donald Trump threatens Iran with severe ‘consequences’

President rages on Twitter after Rouhani’s warning to US not to ‘play with fire’

Published 1 second ago

Trump Threatens Iran in Late-Night Tweet

Trump Threatens Iran in Late-Night Tweet

In a tweet late Sunday night, President Trump warned his Iranian counterpart to be cautious in his country’s approach to the U.S. or suffer consequences such as few in history have suffered.

Published 3 weeks ago