America’s Most Hated Companies
America’s Most Hated Companies
/ January 20, 2017 / 0 comments

(24/7 Wall St.) — When Time Warner Cable merged with Charter Communications earlier this year and the new public-facing operation rebranded, changing its name to Spectrum, it was likely for good reason. For many Americans, each name had come to be associated with poor customer service. The long erosion of reputation has the power to…

US Announces $5.3 bn Settlement with Credit Suisse
US Announces $5.3 bn Settlement with Credit Suisse
/ January 20, 2017 / 0 comments

Washington (AFP) – US authorities on Wednesday announced a $5.28 billion settlement with the European banking giant Credit Suisse, adding to the list of loose ends being wrapped up as Washington prepares to install a new president. Wednesday’s settlement with Credit Suisse confirms the announcement the bank made last month that it had reached an…

Costco to pay $11.75 million over lax U.S. pharmacy controls
Costco to pay $11.75 million over lax U.S. pharmacy controls
/ January 20, 2017 / 0 comments

(Reuters) – Costco Wholesale Corp (COST.O) will pay $11.75 million to resolve claims that some of its pharmacies filled improper or incomplete prescriptions for controlled substances in violation of federal regulations, the U.S. Justice Department said on Thursday. The deal, one of several corporate settlements being unveiled during the last days of President Barack Obama’s…

VW pleads guilty to US criminal charges, pays $4.3 bn in ‘dieselgate’
VW pleads guilty to US criminal charges, pays $4.3 bn in ‘dieselgate’
/ January 20, 2017 / 0 comments

New York (AFP) – Volkswagen AG will plead guilty to three criminal charges and pay a total $4.3 billion in fines to settle the emissions cheating scandal known as “dieselgate,” US officials announced on Wednesday. The US Justice Department also charged six Volkswagen executives deemed responsible for the conspiracy, five of whom are believed to…

Martin Shkreli Says ‘Of Course’ He’d Raise Drug Price Again
Martin Shkreli Says ‘Of Course’ He’d Raise Drug Price Again
/ January 20, 2017 / 0 comments

Bloomberg — Outspoken former pharmaceutical executive Martin Shkreli said the national outrage over drug pricing was blown out of proportion and heightened by the U.S. presidential election, although he conceded he could have predicted the blowback better. “In terms of regret, maybe not seeing that as acutely would’ve been a minor regret,” Shkreli said during…