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SEC claws back $4M from execs in fraud case

2015-06-06 21:48:00| IT Services - Topix.net

Regulators and law enforcement officials have looked for penalties beyond corporate fines in their bid to deter financial wrongdoing by U.S. companies. Friday, the SEC reclaimed more than $4 million from individual.

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The SEC just clawed back $4 million from the former CEO of tech giant ...

2015-06-06 09:12:56| IT Services - Topix.net

In the last year, it's suffered layoffs, filed a lawsuit against a CEO whose company it bought, and announced plans to split into two companies to combat falling revenues. On Friday, the SEC alleged that eight former CSC executives engaged in "accounting and disclosure fraud" in multiple ways, including with a contract from the company's largest customer, the UK's National Health Service .

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Not All Car Dealers Hate Tesla's Online Sales; Large Chains Back It, Bank Says

2015-06-06 07:36:01| Auto Dealers - Topix.net

Tesla Motors' business model of selling cars directly to customers without franchised dealers has earned it the ire of many a car-sales mogul. Viewing Tesla's online sales as a threat to their franchise model, quite a few state auto-dealer associations have undertaken campaigns against the carmaker.

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Environmentalists fight back against coal ash disposal plan

2015-06-05 05:59:34| Energy - Topix.net

Environmentalists urged Pennsylvania officials to reject a proposal by FirstEnergy Corp. to ship coal ash from a Shippingport power plant to a site in the state's southwestern corner. The Environmental Integrity Project, Sierra Club and Earthjustice submitted a letter Tuesday that asked the Department of Environmental Protection to deny FirstEnergy's application to modify a permit for the closed Hatfield Ferry power plant landfill, the Beaver County Times reported .

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Kate Spade is back - just not as Kate Spade

2015-06-04 22:52:24| Apparel - Topix.net

Designer Kate Spade , who left her namesake company under new ownership eight years ago, is going to be doing an accessories collection featuring a full-scale line of shoes and some handbags - the category in which she first became known - for the holidays. The name of the new brand has yet to be determined, but for legal reasons associated with the sale of New York-based Kate Spade & Co.

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