Obama orders probe into oil price manipulation and fraud
President Obama announced the Justice Department will root out fraud in oil markets and the Financial Fraud Enforcement Working Group to study trader and speculator roles. Holder cautioned there are lawful reasons for price rises, while pledging vigilant monitoring and swift action against unlawful conduct. Gas hovers near $3.84 a gallon nationally as tensions rise and demand grows.
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Nev
Barack Obama
Justice Department
Eric Holder
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Holder
Cabinet Department
National Association of Attorneys General
Washington
Middle East
Africa
China
Amazon Web Services Outage Downs Major Sites
Major sites including Foursquare and Reddit faced crashes or slowdowns on Thursday due to problems at an Amazon data center near Dulles Airport. The outages affected services across the web as companies relying on AWS experienced varying levels of impact.
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Foursquare
Reddit
Amazon.com
Amazon
Dulles
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Netflix Inc
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GM CEO Dan Akerson Gets 2.5 Million For 2010 Tenure
Dan Akerson earned just over 2.5 million dollars for 2010 mainly for four months as GM chief executive. Compensation included 566,667 in salary 1.77 million in stock awards and 194,088 in other pay. Whitacre led with 5.0 million, Mulally 26.5 million, Liddell 6.2 million. The government restricts cash pay for top executives until GM repays bailout funds while allowing higher deferred stock awards.
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Dan Akerson
Akerson
U.S
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Jury Rejects Mattel Claim. MGA Wins Over 88 Million
A federal jury in Santa Ana California rejected Mattel Inc claims to own Bratz copyright and awarded MGA Entertainment more than 88 million dollars for misappropriation of trade secrets. The verdict found willful conduct by Mattel and could invite trebled damages. MGA regains control of its Bratz fashion doll and eyes renewed market competition with Barbie.
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Calif
Mattel Inc
MGA Entertainment Inc
Mattel
MGA
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Bob Eckert
Bratz
Carter Bryant
Isaac Larian
Larraft
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