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Shareholder Sues AT&T Officers, Saying Oversight Failed in Bill Cramming Ca...
2016-03-17 12:42:22| Footwear - Topix.net
New York attorney Kenneth Eland has filed a shareholder derivative lawsuit against AT&T's officers and directors, reports the Dallas Morning News , "alleging that they knew or should have known that a billing practice called 'cramming' was illegal and would harm the business." The lawsuit lists AT&T Chief Executive Randall Stephenson among the defendants, alleging that he and others breached their fiduciary duty to the company "by causing or allowing significant control gaps in the company's anti-cramming program."
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Oregon Governor Signs Bill to Eliminate Coal
2016-03-16 16:34:00| Transmission & Distribution World
Governor Kate Brown last week signed Senate Bill 1547, increasing renewable energy and eliminating coal from Oregon's energy sources. read more
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Valeant stock suffers worst-ever day as activist Bill Ackman pledges proactive role
2016-03-16 03:53:00| Biotech - Topix.net
Activist investor Bill Ackman said Tuesday his Pershing Square Holdings Ltd. hedge fund would take a "much more proactive role" in protecting its losing investment in Valeant Pharmaceuticals International Inc., after a grim outlook and fears of a possible default sent that stock sharply lower. closed down 51% at $33.51, marking their worst-ever one-day performance, after the company slashed earnings and sales guidance and said it may breach loan covenants if it fails to produce an already delayed annual report by April.
GMO Bill Could Move Forward Any Day Now
2016-03-15 21:05:00| Food Processing
Senate bill would make labeling voluntary for three years.
I'm Starting To Believe The Hype On Bill Ackman
2016-03-15 16:04:42| Chemicals - Topix.net
If Ackman is forced to liquidate certain positions due to investor redemption, you don't want to be holding those companies. More bad news this morning for struggling hedge fund manager Bill Ackman.
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