Under new FDA rules, movie theaters, chain restaurants, and supermarkets with 20 or more locations will have to provide calorie counts on the foods they sell. The stores have until November 2015 to comply and provide calorie information on their menus. Amusement parks, vending machines, bakeries, coffee shops, and convenience stores must also comply with …
Continue reading “New FDA Rules Will Change How You Choose Whether to Buy That Bag of Movie Popcorn”
Posted by Kimberly McNamara. A former controller of the Hereditary Disease Foundation, a nonprofit group out of New York that encourages and contributes to studies and other research dealing with congenital diseases, has been indicted, this year, for embezzlement of over $1.8 million. The organizations former controller, Karen Alameddine, who was responsible for managing finances from 2005 through …
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Posted by Deena Khalil. On Wednesday, November 6, 2014, there was a court hearing about big-time banks being sued for manipulating a financial benchmark, Libor, by “U.S. municipalities and financial funds who argue they suffered financial damages by receiving lower interest rates on transactions as a result of the suspected manipulation.” Libor is short for …
Posted by ZaAsia Thompson-Hunter. The Federal Communications Commission(FCC) is trying to enforce the disclosure of media contracts from various media companies. These companies include widely recognized corporations such as Disney, CBS, Comcast, Time Warner, and many more. These highly established media corporations oppose the order because they affirm this action will put them at a competitive …
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Posted by Kimberly McNamara. The idea of pensions have been around for nearly 100 years. Detroit, a city that recently filed for bankruptcy, is now facing more monetary concerns, and many are looking for someone to blame. According to The New York Times, the city of “Detroit has been a client of Gabriel Roeder since …
Posted by Abier Mustafa. Stryker Corp., a device maker company, recalled its Rejuvenate and ABG II hip implant devices in July 2012 after warning surgeons they could harm tissue around the hip and cause other health problems to its patients. Patients have complained of severe pain, unusual swelling and excessive metal debris in their blood, blaming …
Continue reading “Stryker Corp. to Repay More than $1 Billion”
Posted by ZaAsia Thompson-Hunter. The European Union isn’t happy with Honeywell and DuPont because they believe they are breaking antitrust rules. Honeywell and DuPont are the only two companies that produce the chemical R-1234yf. This chemical is used to produce the only car-coolant that meets the standards on the European Union’s greenhouse-gas emissions. By working …
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Members of organized crime, drug dealers, and terrorists transact their “business” in cash to hide their tracks. As part of a scheme to launder money (make it look it was earned legitimately), criminals will deposit their ill-earned cash in bank accounts. In response, Congress passed the Bank Secrecy Act, requiring banks to assist the government in catching money …
Posted by Deena Khalil. There are two sides of every story. According to Kelly Wallace who works for CNN, “It’s a case of she said versus they said.” Rachael Cunnings, a young girl from New Jersey, accused her parents of throwing her out of their house when she turned eighteen. They refused to pay for …
The Supreme Court issued an order denying an application to vacate the Fifth Circuit’s stay of a district court’s final judgment enjoining the enforcement of a Texas voting statute. The statute requires voters to produce identification before they vote. Business law students learn about injunctions (in this case, the court’s power to stop a party from acting) as …
Continue reading “SCOTUS Permits Texas Voter ID Law Before November Elections”
