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| August 21, 2017

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Scandal Archives -

Samsung Investors Await Note 8 Launch and Scandal Verdict

August 19, 2017 |

For Samsung Electronics, the launch this week of a new smartphone and a court ruling for its detained de facto leader may offer closure and clarity for a company rocked by two scandals over the past year.
WSJ.com: US Business

Wells Fargo chairman, two directors to step down amid continuing fallout from sham accounts scandal

August 16, 2017 |

Stephen Sanger, the chairman of Wells Fargo & Co., will step down from the board of the embattled bank effective Jan. 1 and will be replaced by former Federal Reserve official Elizabeth A. “Betsy” Duke, the bank announced Tuesday.

Two other long-serving directors, Cynthia H. Milligan and Susan G….


L.A. Times – Business

Netflix Signs ‘Scandal’ Creator From ABC as Rivalry Intensifies

August 14, 2017 |

Netflix has recruited prolific television producer Shonda Rhimes, the creator of ABC hits such as “Scandal” and “Grey’s Anatomy,” the clearest sign yet of a race for talent between new and old entertainment industry giants.
WSJ.com: US Business

Volkswagen executive pleads guilty in emissions scandal

August 5, 2017 |

A German Volkswagen executive pleaded guilty Friday to conspiracy and fraud charges in Detroit in a scheme to cheat on emission tests of nearly 600,000 diesel vehicles.

Shackled at the wrists and ankles and wearing red prison garb, Oliver Schmidt appeared before U.S. District Judge Sean Cox as…


L.A. Times – Business

United Airlines says it’s bumping fewer passengers since dragging scandal

July 24, 2017 |

United Airline’s image took a beating in April because of an ugly incident caught on video involving a passenger who was dragged from his seat.

Since an initial defensive response, the carrier has been working overtime to rebound from the scandal.

The Chicago-based carrier this week reported that…


L.A. Times – Business

Wells Fargo poised to sell more businesses as it streamlines following accounts scandal

July 17, 2017 |

Wells Fargo & Co. may not be done shedding assets as it rethinks its business following its sham-accounts scandal.

After announcing the sale of both its shareholder-services and commercial insurance subsidiaries in the last month, the San Francisco-based bank is considering cutting even more amid…


L.A. Times – Business

CNN

Calibri font becomes key clue in corruption scandal

July 15, 2017 |

The Microsoft font Calibri could be an unlikely smoking gun in a corruption scandal which has mired Pakistan’s ruling family and captivated the country.
CNN.com – RSS Channel – World

Judge approves $142-million class-action settlement in Wells Fargo sham accounts scandal

July 9, 2017 |

Wells Fargo & Co. has received preliminary approval for its proposed $ 142-million class-action settlement to compensate possibly millions of customers who had unauthorized accounts opened in their name.

On Saturday, a federal judge in San Francisco found that the proposed settlement was “fair,…


L.A. Times – Business