So will the subprime crisis drag the US into a recession in 2008? Depends who you ask.Some Wall Street experts say there's no more than a 30 to 40 per cent chance of the R-word taking hold....

When the history of global warming is written, 2007 will stand out as the turning point. That was the year several reports on climate change were released, there was a deal of sorts at Bali and for...

Photo: BK Bangash/AP The global impact of benazir bhutto's assassination should not be underestimated. All of this has to be seen in context. Oil prices have now soared edging closer to $100 a...

Siemens continues to try to clean itself up and move on from the bribery scandal but the elaborate money trail suggests it's not going to be that easy.Last week, the company sacked Siemens Hellas...

Last week, Pimco managing director Bill Gross was saying the US had already entered a recession."You know, if I had to be bold, and I can do that, a la Dow 5,000, if I had to be bold, I'd......

The rise in Foreign Corrupt Practices Act or FCPA enforcement continues with Alcatel-Lucent agreeing to pay $2.5 million to settle charges that it violated anti-bribery laws by footing the bill for...

As another year draws to a close, it's worth remembering the misstatements and stupid remarks of CEOs during the year. Which makes Wired magazine's 2007 Foot-in-Mouth Awards worth checking...

What a difference a financial crisis makes! Back in July, I looked at data showing that the number of securities class actions in the US had fallen significantly to well below average. At the time, I...

What a year it's been! Some chief executives have done some seriously questionable things this year, from the fallout over stuff that's plainly illegal to the idiotic.Portfolio.com presents...

Denmark's Christmas tree growers have been charged over claims of price-fixing and running a cartel.Allegations that costs were deliberately hiked up by 25 per cent follow a police investigation....

Earlier this month, I raised questions whether BP was getting off too lightly with the proposed $50 million penalty for BP for its negligence that led to the 2005 Texas City refinery explosion that...

Back in September, I did a blog entry looking at Jeff Skilling's attempts to get either a retrial or acquittal.He has again asked to be free on bond while his case is appealed and you can read...

"Trust us - your personal information is safe". That's probably the biggest e-business lie, according to Professor Michael Parent.After reviewing the privacy and security statements of...

Bonuses might be down but the subprime mess has not stopped the party on wall street.True, some are "doing it hard". After Morgan Stanley, for example, announced it would write down its...

Debiting accounts receivable and crediting sales are the most popular methods of cooking the books. Reimbursing air travel expenses based only on itineraries supplied by travel agencies is a...

Bear Stearns' annus horribilus has just got worse with Barclays Bank suing the Wall Street firm, claiming it used two hedge funds that collapsed last summer as places to unload troubled assets....

Just over five years ago with the stench of Enron around him, President Bush declared that corporate criminals would no longer have it easy. "Every corporate official who has chosen to commit a...

Mixed reaction to Federal Reserve chairman Ben Bernanke's plan to stop mortgage lenders from conducting the type of practice that led to the current sub-prime mortgage crisis. Boiled down, there...

Here's a warning for the boomers. The 2007 Financial Report of the US Government has found that the ageing baby boomer generation and rising health costs are going to drag down the US economy....

Senior executives of German electronics and engineering group Siemens AG today met with the US Securities and Exchange Commission in connection with the bribery scandal at Siemens. At the meeting,...