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GE vs. Accountant Who Exposed Madoff: The Most Fascinating Standoff in Corporate America

Who is right, the sleuth who exposed Bernie Madoff's gigantic Ponzi scheme, or GE's prestigious board and highly acclaimed CEO, a team hailed on Wall Street for making great strides in rescuing and reforming the abusive conglomerate? In his flame-throwing report released August 16, entitled "General Electric, A Bigger Bedan Than Enron", Harry Markopolos – the forensic accountant who nailed …

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US Trade War: Huawei deadline flies under the radar

Stock investors may want to buckle up as another key deadline approaches the US-China trade war, which could have a major impact on large-cap technology. On Monday, the 90-day US exemption for technology companies to send software updates to Huawei phones expires, and Goldman Sachs says it probably won't be renewed. "A further expansion seems unlikely given the U.S. government …

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Netflix reduces on-screen tobacco smoking, but not cannabis: shot

Brett Gray (left) as Jamal Turner, and Peggy Blow as Abuela, a lovable, burly smoking grandmother, in the first season of Netflix teen drama On My Block . Netflix / Screenshot by NPR hide caption toggle caption Netflix / Screenshot by NPR Brett Gray (left) as Jamal Turner, and Peggy Blow as Abuela, a lovable, burly smoking grandmother, in the …

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Tesla Model 3 Standard Range Plus begins to arrive in Norway

After Model 3 led the charge to exceed 40,000 total Tesla registrations in Norway in June this year, the Standard Range Plus variant finally arrives in the country. Registration statistics tracked by the Norwegian website Teslastats.no revealed an initial number of 26 Model 3 SR + delivered to their new owners so far this month. Like other Tesla Model 3 …

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The guy who found out about Bernie Madoff's fraud now says GE is going bankrupt / Boing Boing

Well before the collapse of Bernie Madoff's ponzi scheme – the greatest in world history! – accounting investigator Harry Markopolos had publicly accused Madoff of running a scam; now he says General Electric is "a recession away" from bankruptcy, with a "balance of crises." Markopolos and his team just released a 175-page report called GENERAL ELECTRIC, A BIGGER FRAUD THAN …

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China unveils rate reform to lower corporate finance costs

China's central bank unveiled a key interest rate reform on Saturday to lower corporate loan spending and support a receding economy that has been hurt by a trade war with the United States. People's Bank of China (PBOC) said it would improve the mechanism used to establish the loan interest rate (LPR) from this month, in a move to further …

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President Trump announces dinner plans with Apple CEO

CLOSED President Trump says Apple will not be exempt from tariffs on parts it makes in China for its Mac Pro computer, so exports to America's Veuer Justin Kircher have the story. Buzz60 President Donald Trump announced he was having dinner with Apple CEO Tim Cook on Friday. "Have dinner tonight with Apple's Tim Cook. They'll spend big bucks in …

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WeWork & # 39; s IPO filing continues to mystify investors

Photography by Scott Olson / Getty Images Text size Even after years of losing money that raised millions of dollars to several billion valuations, The We Co.'s initial public filing was a slumber. WeWork's parent company said in its prospectus released Wednesday that it had doubled its turnover in each of the last two years. But that growth cost: $ …

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