Nike Ends Contract with Lance Armstrong
Well known cyclist Lance Armstrong and Nike have ended their affiliation, with Nike citing insurmountable evidence that Armstrong was involved…
business news
Vikram Pandit Resigns from Citigroup
On Tuesday morning it was announced that Vikram Pandit resigned from his post as CEO of Citigroup. Pandit will be…
Memo from Walmart about Strikes Reveals Company’s Management Ideas
Late last week Walmart responded to a series of labor strikes, according to a document that was obtained by the…
Shell Sued by Nigerian Villagers for Oil Pollution
A civil claim was filed in court in The Hague, where the global headquarters for Shell are located, against the…
JPMorgan Chase Ordered to Pay $18 Million to a Trust
JPMorgan Chase & Co has been ordered by a United States state court to pay over $18 million to a…
Ontario and Huawei Linked in Controversial Deal
According to the Toronto Sun, Ontario has been linked to a Chinese company that has been surrounded by controversy. The…
Internal Problems Prevent CEO from Implementing Cutbacks
According to reports, problems amongst the top managers of UBS are hampering the efforts of Chief Executive Sergio Ermotti to…
Warner Section to be Fined by FTC
A segment of Warner Music Group Corp. could be fined $1 million by the Federal Trade Commission for violating a…
Facebook Hits 1 Billion Monthly Users
On Thursday, Facebook announced that it reached the 1 billion mark for users last month. The company is headquartered in…
President Obama Sued by Chinese Company
President Barack Obama has been sued by a Chinese firm for ending its chance to construct wind farms near a…
Insurers Have Chance to Grow with Health Overhaul
Health care consultant PwC released a report on Tuesday that found 12 million people will use coverage from exchanges in…
Bank of America Agrees to Pay $2.43 Billion to Settle Lawsuit
In a lawsuit filed by shareholders, claims were made against Bank of America that said the bank and its officers…