The U.S. Federal Bureau of Investigation and the Securities and Exchange Commission are investigating possible insider trading involving high-profile Las Vegas developer and gambler Bill Walters, billionaire investor Carl Icahn, and golfer Phil Mickelson, a source familiar with the matter said.
They’re the $10 million men and women. Propelled by a soaring stock market, the median pay package for a CEO rose above eight figures for the first time last year. The head of a Standard & Poor’s 500 company earned a record $10.5 million, an increase of 8.8 percent from $9.6 million in 2012.
Visa and MasterCard are renewing a push to speed the adoption of microchips into U.S. credit and debit cards in the wake of recent high-profile data breaches, including this week’s revelation that hackers stole consumer data from eBay’s computer systems.
AT&T says it views its planned $48.5 billion purchase of DirecTV as a way to help redefine the video entertainment industry, giving it opportunities to bundle services and tap into growing Latin American markets.
Failing to report faulty igntion-switches for more than a decade has cost General Motors a whopping $35 million, after the deaths of 13 people were linked to the company’s lack of disclosure concerning the deadly vehicular defect.
Federal safety regulators slapped General Motors with a record $35 million fine Friday for taking more than a decade to disclose an ignition-switch defect in millions of cars that has been linked to at least 13 deaths.
Target’s CEO has become the first boss of a major corporation to lose his job over a breach of customer data, showing how responsibility for computer security now reaches right to the top.
A California jury awarded Apple $119 million — far less than the $2.2 billion it demanded — in a patent battle with Samsung over alleged copying of smart phone features, and the jury made the victory even smaller by finding that Apple illegally used one of Samsung’s patents.
