Corinthian Colleges — the company that operates for-profit college chains like Everest, WyoTech, and Heald — is already under investigation by various state and federal regulators, but the company has disclosed to its investors that it may also be the subject of a criminal probe by federal prosecutors.Read More >
The clock is ticking for hundreds of thousands of people who have unresolved issues affecting their coverage under the new healthcare law.
People cancel car service requests for any number of reasons – change of plans, not ready in time, trying to sabotage the company. Wait, what? Officials with ride-sharing service Lyft allege that reps for rival company Uber attempted to hurt Lyft by requesting-and-canceling thousands of rides.Read More >
New York’s state attorney general on Monday settled allegations of racial profiling at Barneys, one of the city’s most famous department stores, in a controversy that had dragged in rap mogul Jay Z.
One of the bloodiest battlegrounds in the electric car wars is the topic of government subsidies for EV purchases. In the American case, it’s the $7500 federal tax credit for EVs and the various state incentives including California’s current $2500 rebate. In Europe and Asia, a variety of EV promotion schemes have frequently been the subject of acrimonious debate. Much of the disagreement arises regarding the perceived “fairness” of rebates: defenders of subsidies generally claim that they help put EVs in the hands of middle-class consumers, with critics charging that they only serve to line the pockets of the wealthy. Now one California lawmaker wants to revamp the state’s subsidy program by capping the income level for households receiving EV rebates.Read More >
From Bloomberg’s Zachary Mider comes a new allegation regarding the restructuring of (formerly) American parts maker Delphi: the Treasury Department under Obama helped the company re-incorporate in England as part of a tax avoidance strategy. If that’s true, it’s an embarrassing revelation for a President who recently condemned American companies that incorporate abroad as “corporate deserters.” Like many things in the financial world, however, appearances are often deceiving.Read More >