California regulators on Friday warned other automakers that they would soon start checking more cars for "defeat devices" that can cheat government emissions tests, similar to those used by Volkswagon to cheat on their emissions test.
Discovery of such devices in Volkswagen's "clean diesel" cars, has weakened the...
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Category: News
New Justice Department priority: target Wall Street crooks for criminal prosecution
The Department of Justice(DOJ) has just issued new policies that will prioritize the prosecution of individual employees of companies and not prosecutions of just the companies, as has been the history in recent years.
The implications of the new change is already causing a stir. The DOJ has come under significant criticism because of the...
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And it’s legal! hedge fund gains $1 billion in a week on “black swan” market fluxuations
Here is one you should know. According to the Wall Street Journal, a hedge-fund firm affiliated with "The Black Swan" author Nassim Nicholas Taleb, gained more than $1 billion in a week based on investments on extreme events in financial markets.
Universa Investments LP was up over 20% on Monday, when the Dow Jones...
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Radar detection of missing Nazi gold train–whose gold is it?
According to a Polish official said Friday he has seen an image made by ground-penetrating radar that seemed to prove the discovery of an armored Nazi train missing in southwestern Poland since World War II.
The German train filled with gold, gems and armaments went missing around the city of Walbrzych while it was fleeing...
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Judge orders Lance Armstrong to provide more testimony in whistleblower case
A US judge has ordered that Lance Armstrong undergo three more hours of testimony under oath as part of the whistleblower case against him. He was questioned in a deposition for seven hours in July and his lawyers tried to block additional testimony, saying their client has already answered 1,600 questions about doping in...
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Internships to kids of foreign government officials cost Mellon $15 Million
The Securities and Exchange Commission has fined Bank of New York Mellon $15 Million for giving internships to the kids of government officials affiliated with a Middle Eastern sovereign wealth fund in an alleged effort to win business. It is unclear how common this...
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BACK STORY ON INSIDER TRADING HACKERS READS LIKE HOLLYWOOD SCRIPT
In case you haven't read some of the background of the worldwide hacker group doing insider trading, the actual facts surrounding the worldwide group that gained access since 2010 to news wire services including Business Wire and MarketWire, gaining access to tens of thousands of early releases on major business deals, reads like a...
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Medicare to pay doctors for end of life counseling
Medicare will now pay doctors for offering end-of-life counseling to patients. This policy change will take effect retroactively from January 1, 2015. The counseling absolutely voluntary for patients.
Many physicians already engage in such conversations with patients without charging them additional amounts. In addition, some private insurers have...
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FDA and interpol seize counterfeit drugs and crack down on 400 web sites
The U.S. Food and Drug Administration, along with international partners, including Interpol took action against more than 1,050 websites that sell dangerous counterfeit medicine and medical devices, the agency said Thursday. Illegal medical devices were seized worldwide, and warnings were sent to the operators of offending websites, the FDA said in a news release....
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FDA learns about drug side effects from patient website data
The Food and Drug Administration announced that it has signed an agreement with PatientsLikeMe for access to data generated by the sites 350,000 members in order to help the FDA in post market surveillance of drugs on the market.The FDA needs the information because companies whose drugs are approved with minimal clinical trials do...
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