Business News Headlines
Another Taiwan Manufacturer Pleads Guilty to Price-Fixing
On September 25, 2012, the Department of Justice announced that the vice chairman of a Taiwan aftermarket auto lights manufacturer pled guilty to an international price-fixing conspiracy. An aftermarket headlight is required after the initial sale of an automobile, such as for upgrades or after a collision.
Homy Hong-Ming ...
CME Group Software Engineer Guilty of Stealing Trade Secrets
On September 19, 2012, the US Attorney’s Office in the Northern District of Illinois reported that Chunlai Yang pleaded guilty of two counts theft of trade secrets after working for CME Group for 11 years.
Yang admitted to downloading over 10,000 files of CME source code which provide significant amounts of information about ...
Poker Website Executive Pleads Guilty in Manhattan Federal Court
The U.S. States Attorney for the Southern District of New York, Preet Bharara, announced that Nelson Burtnick—who served as the director of payments for Pokerstars and Full Tilt Poker—plead guilty to charges of unlawful internet gambling, bank fraud, money laundering, and other gambling crimes on September 19, 2012. According ...
Small Business Confidence Remains Weak
Not much has changed. Small business owners continue to remain apprehensive regarding their long-term success and the health of the overall market. A recent poll conducted by Wells Fargo and Gallup, which surveyed over 600 small business owners, revealed that entrepreneur’s in the United States remain hesitant and unconfident in their hopes ...
Economists Predict Meager Growth in 2011
A number of businesses and financial analysts predict that the United States’ economy will grow only slightly in 2011, a bleaker forecast that was offered in July, when most entity’s called for a stronger improvement. In its quarterly industry survey of 70 corporate economists, the National Association for Business Economics found ...
End of the Road for Steuben Crystal
Steuben Glass, a name that once evoked images of prestige and sophistication, appears to be vanishing for good. The former American icon known for its handcrafted crystal is shutting down its only remaining factory. The last factory, located in Corning, New York, is being closed on November 29th of this year—a week after Thanksgiving ...
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