A federal judge has thrown out a lawsuit aimed at forcing the U.S. Securities and Exchange Commission to require that public companies disclose their political contributions.
A watchdog group, Campaign for Accountability, brought the lawsuit in May on behalf of an Aetna investor who claimed the SEC violated the Administrative Procedure Act (APA) by ignoring a rulemaking petition he submitted. Stephen Silberstein had unsuccessfully sued the insurer to force it to reveal its political donations. Read more.
A former vice president of financial planning and analysis at Viacom accused the media giant on Tuesday of illegally firing her for opposing a plan to avoid U.S. taxes by transferring the international licensing rights to the Teenage Mutant Ninja Turtles to the Netherlands.
Nataki Williams said in a lawsuit filed in federal court that after she was promoted to vice president in 2010, she learned Viacom was “hatching a plan to attribute TMNT’s revenue to the Netherlands for tax purposes” and that the scheme evolved to include the rights to other children’s characters such as Dora the Explorer and SpongeBob SquarePants. Read more.
A closely-followed factory gauge reaches its lowest level in more than six years as low commodity prices continue to limit orders.
For officials seeking reelection, changing the definition of nexus to include non-voting taxpayers is more palatable than raising existing taxes on voters.
The European Central Bank may have to increase its stimulus efforts to get European economies moving, say experts.
Operational IT budgets will rise a median of 2% this year, says Computer Economics.
To prevent a premature release of earnings numbers, the bank announces it will no longer send out full results on the newswires.
The Securities and Exchange Commission will not be forced to consider a rule requiring companies to disclose their political donations.
Former FP&A exec says she was fired because she opposed a plan to transfer licensing rights overseas to avoid U.S. taxes.
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