UPDATE 1-Ex-Anglo Irish CEO charged with fraud and forgery on return home
* Charges include false accounting, document falsification* Most relate to alleged unlawful loans to boost share price* Drumm spent five months in U.S. prison before extradition (Adds Drumm granted bail)DUBLIN, March 14 The former head of Anglo Irish Bank was formally charged on Monday on 33 counts relating to the collapse of the failed lender, appearing in an Irish court for the first time since his extradition from the United States.David Drumm, 49, who had been held in federal custody sin..>> view originalViacom shareholders re-elect directors, reject voting rights proposal
MIAMI A substantial majority of Viacom Inc (VIAB.O) independent shareholders on Monday voted to re-elect the media company's directors and rejected a move to extend voting rights to all shareholders, going against recommendations by the leading proxy advisory firm.By backing the directors and rejecting the proposal, investors are effectively giving Viacom Chief Executive Philippe Dauman more time to improve sliding ratings at the company best known for owning MTV, Nickelodeon and Comedy Centra..>> view originalVideo Shows Man Apparently Peeing Into Production Line At Kellogg's Rice Krispies Treats Plant
A disturbing video has surfaced showing a man urinating in the food production line at a Kellogg's facility where Rice Krispies Treats and other products are made. The video surfaced on Friday, but the incident allegedly happened two years ago at a Kellogg's plant in Memphis, local CBS station WREG reported. Kellogg's released a statement Monday saying in part: "It is important to note that any products that could be potentially impacted would be very limited and past their expiration dates...>> view originalAIG to Pay $9.5 Million to Settle Fund-Steering Case
Three American International Group Inc. affiliates will pay more than $9.5 million to resolve a complaint that they steered mutual fund clients to pricier share classes to collect more fees, the Securities and Exchange Commission said Monday. Under the terms of the settlement, AIG’s Royal Alliance Associates, SagePoint Financial and FSC...>> view original$2-per-gallon gasoline on horizon for Colorado drivers
Roger Beatch fills his truck up with gas at a gas station on January 25, 2016 in Kersey, Colorado. (Helen H. Richardson, The Denver Post) The prices at the pump in Colorado are continuing their march toward $2 per gallon. The state's average gas price ticked up nearly a dime from last week to land at $1.88 per gallon, according to GasBuddy data released Monday. Metro Denver's average rose 9 cents to $1.86 per gallon. Colorado's prices have jumped by more than 30 cents during the past month, a..>> view originalChina's Anbang challenges Marriott with $13 billion Starwood offer
China's Anbang Insurance Group Co has challenged Marriott International Inc's (MAR.O) merger with U.S. hotel operator Starwood with a $12.8 billion cash offer, burnishing its credentials as one of China's top corporate acquirers.The non-binding bid, unveiled on Monday, just days after Anbang agreed to acquire Strategic Hotels & Resorts Inc from buyout firm Blackstone Group LP (BX.N) for $6.5 billion, would represent by far the biggest Chinese investment in U.S. real estate assets.Chinese insur..>> view originalLloyd Shapley dies at 92; UCLA professor won Nobel for game-theory work
Lloyd S. Shapley, a researcher of strategic decision-making called game theory who shared the 2012 Nobel Prize in economics, has died. He was 92.Rand Corp., where Shapley worked as a research mathematician for decades, said he died Sunday in Tucson. His health had declined after he broke a hip several weeks ago. Shapley was 89 and professor emeritus at UCLA when he received the Nobel Memorial Prize in Economic Sciences for his work half a century earlier that analyzed match-making in markets.He..>> view originalIran says US companies welcome to invest in petroleum sector
TEHRAN, Iran (AP) — U.S. companies are welcome to invest in Iran's oil and gas industry, the Iranian oil minister said on Sunday.State-run Press TV quoted Bijan Namdar Zangeneh as saying that "in general, we have no problem with the presence of American companies in Iran."He said it is the U.S. government that is "creating restrictions for these companies," without elaborating. Zangeneh also confirmed that Iran's state-run oil company has held talks with General Electric. "Of course, my deputy ..>> view originalWall St. treads water ahead of Fed meeting, data
NEW YORK Wall Street was flat on Monday afternoon as losses in energy shares were offset by consumer discretionary gains and investors laid low ahead of a U.S. Federal Reserve meeting.The Fed is not expected to raise interest rates at the two-day meeting, which begins on Tuesday, but investors will be on the lookout for clues about future hikes."If investors are inclined to make a bet, then they're better served by waiting a few days," said Jack Ablin, chief investment officer at BMO Private B..>> view originalAubrey McClendon Hit Wall at 78 Miles an Hour in Fatal Crash
Aubrey McClendon’s car was traveling 78 miles per hour when it crashed, killing him on March 2, the Oklahoma City police said Monday. The shale oil pioneer’s 2013 Chevy Tahoe hit a wall and burst into flames on a two-lane road near the city.Officials have made no ruling yet on whether the accident was deliberate or accidental. McClendon tapped on the brakes several times, but didn’t act assertively to slow the vehicle in the last 31 feet before the crash, the police said. The investigation is c..>> view original
Monday, March 14, 2016
UPDATE 1-Ex-Anglo Irish CEO charged with fraud and forgery on return home and other top stories.
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