International

Finance

S.E.C. Says It Was a Victim of Computer Hacking Last Year

HONG KONG — The top securities regulator in the United States said Wednesday night that its computer system had been hacked last year, giving the attackers private information that could have been exploited for trading.The disclosure, coming on the heels of a data breach at Equifax, the major consumer credit reporting firm, is likely to intensify...

Google Is Buying HTC’s Smartphone Expertise for $1.1 Billion

SAN FRANCISCO — Google announced late Wednesday night that it is spending $1.1 billion to hire a team of engineers from the smartphone business of the struggling Taiwanese manufacturer HTC in a bid to bring more hardware expertise to its own mobile technology operations.HTC said many of its estimated 2,000 employees affected by the deal were already...

Facebook, After ‘Fail’ Over Ads Targeting Racists, Makes Changes

Responding to evidence that its tools had allowed ads to be directed at users who used racist comments or hate speech in their profiles, Facebook said Wednesday that it would change how ads can be targeted.That its ad-targeting tools could be used in such a way was “a fail” for the company, Sheryl Sandberg, Facebook’s chief operating officer,...

S.E.C. Says It Was a Victim of a Computer Hack Last Year

HONG KONG — The top securities regulator in the United States said Wednesday night that its computer system had been hacked last year, giving the attackers private information that could have been exploited for trading.The Securities and Exchange Commission said in a statement that it was still investigating the breach. It said the security vulnerability...

A Start-Up Slump Is a Drag on the Economy. Big Business May Be to Blame.

Unemployment has fallen, and the stock market has soared. So why has the economic expansion since the recession been so tame, with sluggish productivity and, at least until recently, anemic wage growth?Economists say the answer, to some degree, can be found in a start-up slump — a decline in the creation of new businesses — and a growing understanding...

Legal

Kickback Training – What It Doesn’t Cover

Effective training prepares contractors and providers to recognize more than kickbacks. The example below reveals that not all kickback violations are intuitively obvious. What seems a clear violation to those familiar with anti-kickback and false claims statutes, may seem just a straightforward business arrangement to someone unfamiliar with them....

Environment 2017: Roundtable

Environment 2017: RoundtableWho’s Who Legal brings together Paul Davies at Latham & Watkins, Michael Gerrard at Arnold & Porter Kaye Scholer and Leonard Griffiths at Bennett Jones to discuss issues currently faced by practitioners in the field, including recent legislative developments, the uptick in both contentious and product compliance...

Globalisation versus Populism, and the Future for Environmental Regulation

Globalisation versus Populism, and the Future for Environmental RegulationDouglas Bryden and John Buttanshaw, Travers SmithDouglas Bryden and John Buttanshaw at Travers Smith explore how the UK’s exit from the EU may affect its approach to environmental regulation. The dialogue around environmental law has long been bound up with that of globalisation:...

The Effects of the Petrochemical Projects Boom in the US Gulf Coast on Real Estate Practices

The Effects of the Petrochemical Projects Boom in the US Gulf Coast on Real Estate PracticesSusan Talley, Stone Pigman Walther Wittmann In March of this year, ExxonMobil announced a US $20 billion investment to expand its chemical manufacturing capacity along the US Gulf Coast (news.exxonmobil.com, “ExxonMobil Plans Investments of $20 Billion to...

Criminal Finances Act 2017 – New Corporate Offences of Failing to Prevent Facilitation of Tax Evasion

The United Kingdom’s National Risk Assessment of money laundering and terrorist financing in October 2015 identified three priority risks faced by the UK and concluded that a more robust enforcement response is required. These changes were to be underpinned by a partnership between the government and the private sector to effect a significant change...

Deals

Equiteq advises GNC Group on their merger with Grant Thornton

Equiteq, a global consulting and IT services sector M&A specialist, is pleased to announce the merger of its client, GNC Group Consulting (“GNC Group”), with Grant Thornton Australia (“Grant Thornton”).  The transaction completed on September 1, 2017. GNC Group is a Melbourne-based retail and consumer product focused management consulting...

M&A insurance buyout as premiums and retentions fall, and new insurers enter market

Premium rates fall as demand increases – 2017 sees a 12% drop on 2016 levels and a 25% drop on 2015 levelsWidening consumer choice and increased competition - average retention rates fall by 44% from 2016 level In its most recent Global M&A Insurance Index, JLT Specialty (JLT), reported a 76% increase in the number of M&A insurance policies they...

International cooperation dominating cross-border M&A tax landscape

New M&A guide shows shake-up in global economic environment is forcing change US tax policy proposals threaten many aspects of global M&A Taxand, the global tax advisor, today releases its 2017 Global Guide to M&A Tax, providing guidance on the M&A tax climate across 37 jurisdictions and an overview of continuing and emerging trends that reflect...

​Political uncertainty drives consumer goods M&A to lowest level since 2011

Consumer goods M&A plummeted in 2016, down $176bn on the previous year, as political uncertainty depressed deal-making in the sectorGrowth conditions worsened for the Global 50, with overall revenue growth turning negative for the first time (-0.7%) Mergers and acquisitions among the top 50 consumer goods giants have fallen sharply from $226bn in 2015...

New Isle of Man enterprise development scheme deals completed

Nimbus Medical Holdings Limited has been awarded funding to support its InterCare® integrated technology platform, relocating its premises and creating new jobs on the IslandNew start-up Scout4’s app for construction workers has also received EDS investmentMore than £1.2 million of funding has been committed to help bring new businesses to the Island...

Acq Lite

Mom Cries When Elderly Stranger Tells Why He Gave Her Son $20

This mother never thought that she would be crying over stuffed animals from Target – but after a visit to the store earlier this week, she couldn’t help but tear up. Alyssa Hacker was at the department store with her 18-month-old son Owen in Fort Smith, Arkansas when they found The post Mom Cries When Elderly Stranger Tells Why He Gave Her...

Persistent Pup Scores Job and Adoration After Charging into Soccer Game For Fetch

When this persistent pup charged onto a soccer field mid-game, she not only inspired her team to win the match – her interruption also landed her a job. The canine first made her appearance 29 minutes into the soccer game between San Lorenzo and Arsenal de Sarandí at the Estadio The post Persistent Pup Scores Job and Adoration After Charging into...

Watch Rookie Cop Save Dangling Suicidal Man Who Changed His Mind

When a police officer found a grieving man dangling from a window, he wasted no time in helping to pull him back inside – all before backup arrived. The post Watch Rookie Cop Save Dangling Suicidal Man Who Changed His Mind appeared first on Good News Network. Read More

Watch the Heroic Way UPS Workers Shut Down Armed Robbery in Broad Daylight

After they came to the rescue of a robbery victim, these UPS workers have become perfect examples of first class heroes. The post Watch the Heroic Way UPS Workers Shut Down Armed Robbery in Broad Daylight appeared first on Good News Network. Read More

Tribute to the Russian Who Once Single-handedly Averted a Global Nuclear War (1939–2017)

The Soviet military officer Stanislav Petrov who single-handedly averted a worldwide nuclear war when he chose to believe his intuition instead of the computer screen, has died at age 77. His country, the Soviet Union, was already on high alert in 1983, expecting retaliation for its downing of the Korean The post Tribute to the Russian Who Once Single-handedly...