Aug 19, 2014

China's Xi vows to rein in runaway executive pay

China’s president has promised to rein in “unreasonably high” pay for executives at state companies in an apparent effort to mollify public frustration at the wealth of government-owned industry. President Xi Jinping’s announcement, carried by the official Xinhua News Agency, comes as the ruling ...

Facebook manipulated emotions in secret study

Jun 30, 2014

Facebook manipulated emotions in secret study

Facebook secretly manipulated the feelings of 700,000 users to understand “emotional contagion” in a study that prompted anger and forced the social network giant on the defensive. For one week in 2012, Facebook tampered with the algorithm used to place posts into users’ news ...

Icahn probed for illegal stock tips

May 31, 2014

Icahn probed for illegal stock tips

A federal investigation is probing whether a top-ranked professional golfer and a high-stakes gambler got illegal stock tips from billionaire investor Carl Icahn, U.S. media reported Friday. The Federal Bureau of Investigation and the Securities and Exchange Commission are investigating the stock trading patterns ...

Bounty rises for fugitive Sewol businessman

May 26, 2014

Bounty rises for fugitive Sewol businessman

Under-pressure South Korean prosecutors Monday upped to $500,000 a cash reward for information leading to the arrest of a fugitive businessman in connection with last month’s ferry disaster. The new sum was a 10-fold increase from the 50 million won ($50,000) originally offered last ...

French rogue trader arrested after soul-seeking odyssey

May 19, 2014

French rogue trader arrested after soul-seeking odyssey

A Frenchman convicted of one of history’s biggest trading frauds returned home to serve prison time after a legal saga that captured the national imagination. He also made a pilgrimage to the pope and pleaded for presidential clemency. Former Societe Generale trader Jerome Kerviel ...

Apr 26, 2014

U.S. expands probe into banks' hiring

U.S. government agencies that have been probing banks’ hiring of the children of powerful Chinese officials are expanding existing investigations in other industries across Asia to include hiring practices, four people familiar with the matter said. The Justice Department and the Securities and Exchange ...

Apr 12, 2014

Documents show GM knew of defects

General Motors engineers were well aware of serious problems with ignition switches in GM small cars, but rejected several opportunities to make fixes, dozens of confidential documents released Friday by a congressional committee showed. Parts supplier Delphi Automotive also repeatedly tested switches and found ...