SEC Wants to Hear 'We Were Wrong' in Future Big Settlements
The chairman of the Securities and Exchange Commission says the agency will start requiring companies and individuals to admit wrongdoing in some big settlements.
scandal
Walmart Shareholders Gather to Focus on Execs' Pay, Ethics
Walmart executives are expected to make the case it is improving the way it does business overseas and outline new growth opportunities at its annual shareholder meeting.
Jeweler to Plead Guilty in KPMG Insider-Trading Case
A jeweler who gave a former KPMG auditor cash, an expensive watch and more in exchange for inside information about public companies plans to plead guilty to securities fraud.
U.S. Regulator to Fault JPMorgan Over Madoff Accounts
Regulators plan to fault JPMorgan Chase, which served as Bernie Madoff's main bank for two decades, for failing to report suspicious activity, a source says.
Former Enron CEO Jeffrey Skilling May Leave Prison Early
Jeffrey Skilling, the former Enron Corp. chief executive serving a 24-year prison term for the energy company's spectacular collapse, may get a chance to leave prison early.
Pepsi Says It Will Stick With Penn State Sponsorship
Penn State's profile is growing more radioactive, but the university will still have a soda to call its own. Pepsi on Wednesday said it will remain a sponsor of the school and its football team.
NCAA Rules Trap Many College Athletes in Poverty
College football and basketball players are getting played instead of getting paid: Though they bring in the big bucks for their institutions of higher learning, more than 8 out of 10 of those FBS student-athletes are living below the poverty line, according to a new study.
New Details in Hewlett-Packard Pretexting Case
Five years after tech giant Hewlett-Packard found itself at the center of a headline-grabbing pretexting scandal, DailyFinance has learned that federal authorities have expanded the scope of their prosecution to include other potential defendants.
'Dirty Tricks' Lawyers Targeted in Ethics Complaint
StopTheChamber, a group critical of the U.S. Chamber of Commerce, says it was the target of a planned dirty tricks campaign. The group has filed an ethics complaint against three partners at the Hunton & Williams law firm.
HP to Launch Investigation into Hurd's Departure
Hewlett-Packard is planning an independent investigation into the circumstances surrounding the forced resignation of CEO Mark Hurd last year and the compensation package he received. A shareholder lawsuit claims HP's directors wasted company money by awarding Hurd as much as $53 million in severance.
Testimony Pokes Holes in Bank of America's Defense
Bank of America challenges testimony by one of its operational leaders -- that Countrywide may have held on to homeowners' notes that it should have put into a trust. But the testimony is reinforcing fears that BofA is in big trouble.
Fergie Talks Books, Not Bribes at Trade Show
The Duchess of York is embroiled in yet another public mess back home in England (bribery charges, a potential Parliamentary investigation), but today at the Book Expo America trade show she focused on her series of children's books.
Nike's New Tiger Woods Ad: A Mercenary, Creepy Misfire
Nike wanted to accelerate the public rehabilitation of Tiger Woods with a new ad featuring the voice of the golfer's deceased father. Instead, it has made its star endorser even more alien, mercenary and unsympathetic than before.
