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Norway sovereign wealth fund accused 'pretend divestment'

2015-05-28 09:05:00| Climate Ark Climate Change & Global Warming Newsfeed

Guardian: The worlds richest sovereign wealth fund has sunk more money into coal just three months after a high-profile pledge to dump fossil fuels as part of its commitment to responsible investing, according to financial analysis by three environmental groups. Instead of reducing its overall exposure to businesses based on coal, the Norwegian Government Pension Fund (GPF) increased its holdings by 3bn Norwegian kroner to NOK 85.8bn ($1bn/7.3bn) by the end of last year, the report Still Dirty, Still...

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Man accused of Cooper insider trading flees country

2015-05-28 04:44:09| Industrial Machines - Topix.net

A man accused of insider trading on the proposed acquisition of Cooper Tire & Rubber Co.

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TeliaSonera accused over Azeri dealings

2015-05-28 00:35:15| IT Services - Topix.net

Nordic telecoms operator TeliaSonera financed and aided the Azeri president's family in taking over the state's stake in Azerbaijan's largest telecoms company, receiving preferential treatment in return, a media report alleged. The report, published on Wednesday by a group of Swedish media outlets and citing sources such as internal TeliaSonera documents, said the company appeared to have received licences and permits to operate in Azerbaijan in exchange for helping the ruling family.

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5 accused of stealing from Ralph Lauren store

2015-05-27 09:02:38| Apparel - Topix.net

The suspects stole items of clothing and the total loss value was in excess of $10,000. Security video surveillance of the five suspects was captured.

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The founder accused of bribing customers to get a $25 million bonus...

2015-05-27 00:44:09| IT Services - Topix.net

Last week, Computer Sciences Corp. sued one of its former star executives, Eric Pulier, in connection to an alleged bribery scandal. CSC says the situation caused the company to pay him an extra $25 million bonus.

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