Regulatory Problems News Today

3M disappointed investors again, and the reaction was harsh. Ongoing legal and regulatory uncertainty changes the math.

The company has been trying to leave the pacific for years, with its A$420 million ($264.77 million) divestment deal with Kina Securities back in 2021 being blocked by a Papua New Guinea regulator. "Any failure to successfully divest businesses means that we may have sustained exposure to higher operating costs and to the higher inherent risks in those businesses," Westpac had told the market during its interim results in May. The bank would be starting a new brand campaign in the mo...

Australia's corporate watchdog accused Westpac Banking Corp of insider trading while financing a A$16 billion ($12 billion) energy grid privatisation in 2016, the latest in a series of regulatory problems for the country's No. 2 lender. The Australian Securities and Investments Commission (ASIC) said Westpac knew it had won the contract to help two pension funds buy Ausgrid, a state-owned power supplier to millions of people around Sydney, for two hours while it bought A$12 billion of...

It has been a little over a year since Nigeria recorded its index case of the novel coronavirus on 27 February 2020, in Lagos. Months have gone by, yet the country grapples to contain the pneumonia-like virus which emanated from a local market in Wuhan, China, spreading across 200 countries of the world and killing over 2,048 people in Nigeria, according to the Nigeria Center for Disease Control, the country’s infectious disease agency. As of 29 March 2021, the centre has recorded at least 16...

Might remember his famous tweet where he said adult supervision no longer needed. larry page took over last week in this part of the time line. some investors are worried that google may have plateaued and that it still needs to innovate a lot more and mack a mark in social networking in that sector, of course, googles biggest competitor is facebook. industry insiders say googles new ceo, larry page, has his wo work cut out for him. >> the test really is whether hes going to not only do the stra...