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SEC climate rule would force companies to disclose emissions

Environmental advocacy groups are celebrating a proposal from the US Securities and Exchange Commission that would require publicly traded companies to share with their investors the risks their companies face from climate change and their greenhouse gas emissions.... Read more»

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How Steve Bannon has exploited Google ads to monetize extremism

Almost a year ago, Google took a major step to ensure that its online ad network didn’t put money in the pocket of Steve Bannon, the indicted former adviser to Donald Trump - but Bannon found a loophole in Google’s policies that let him keep earning ad money on his site.... Read more»

The government gave free PPP money to public companies despite warning them not to apply

As Congress launched a bailout to keep businesses afloat at the outset of the pandemic, officials stressed that the loans were for businesses that didn’t have another easily available lifeline - instead, the government gave out generous loans to companies that may not have needed them. ... Read more»

AZ businesses have gotten $489M in CARES Act money so far. Here’s where it’s going.

Businesses headquartered in Arizona have received roughly $489 million from the CARES Act, a $2 billion COVID-19 aid package approved by Congress last month.... Read more»

Trading halted as stocks open to early plummet

Markets reacted negatively to the Fed slashing rates Monday, as U.S. health officials further restricted social gatherings to combat coronavirus. ... Read more»

What the Devil won't tell you

Chain newspapers continue death spiral — but those who lead them down still reap rewards

The Arizona Daily Star is in hobbled and heading for layoffs — but the corporate honchos responsible for its precarious position got promoted for their efforts. ... Read more»

AG: Az opioid firm fraudulently promoted over-prescribing of drug

Arizona on Wednesday filed a lawsuit against Chandler-based opioid firm alleging that they participated in fraudulent practices that led to overprescription of a powerful opioid drug.... Read more»

The obscure drug with a growing Medicare tab

Experts question the effectiveness of H.P. Acthar Gel, a drug made from pigs’ pituitary glands. Yet it cost Medicare more than $141 million in 2012, up from $7 million in 2008. ... Read more»1

Credit rating industry dodges reforms, despite role in financial meltdown

Flaws in the bond rating system that led to the financial collapse remain. ... Read more»

Feds investigating allegations that Humana overcharged Medicare

Humana Inc. faces multiple federal investigations into allegations that it overbilled the government for treating elderly patients enrolled in its Medicare Advantage plans, court records reveal.... Read more»

Banking Caucus: Wall Street's secret weapon in Washington

Lawmakers are helping industry donors beat back tougher rules. Every business sector has its friends in Washington. Financial companies — from the biggest megabanks to small payday lenders — have some of the best.... Read more»

Intuit linked to 'grassroots' campaign against free, simple tax filing

The maker of TurboTax and its allies are continuing to work against proposals for what’s known as return-free filing. Over the last year, a rabbi, a state NAACP official, a small town mayor and other community leaders wrote op-eds and letters to Congress with remarkably similar language on a remarkably obscure topic.... Read more»

Daily Star parent gives execs $1.1 million in bonuses

Lee Enterprises, the troubled newspaper chain the owns the Arizona Daily Star, is yet again giving top executives six-figure bonuses. The company's reasoning? Lee's honchos revamped the chain's debt load, stretching out payment terms while slightly bumping the interest rate as Lee refinanced about $800 million in debts.... Read more»1

Legal battles smolder six decades after ‘the greatest health protection in cigarette history’

It’s hard to think of anything more reckless than adding a deadly carcinogen to a product that already causes cancer—and then bragging about the health benefits. That’s what Lorillard Tobacco did 60 years ago when it introduced Kent cigarettes, whose patented “Micronite” filter contained a particularly virulent form of asbestos. ... Read more»

Daily Star parent gives execs $1.25M in holiday bonuses - on $78M loss

Just two weeks after acknowledging a $78 million loss in 2013, the parent company of the Arizona Daily Star gave top executives Thanksgiving-eve gifts of company stock worth over $1.25 million — including 200,000 shares worth $722,000 given to Mary Junck, head of Iowa-based Lee Enterprises. Plus, what's up with the Star's paywall for online readers?... Read more»1

Ex-SEC chief now helps companies navigate post-meltdown reforms

On March 11, 2008, Christopher Cox, former chairman of the Securities and Exchange Commission, said he was comfortable with the amount of capital that Bear Stearns and the other publicly traded Wall Street investment banks had on hand. Days later, Bear was gone, becoming the first investment bank to disappear in 2008 under the watch of Cox’s SEC. By the end of the year, all five banks supervised by the SEC were either bankrupt, bought or converted to bank holding companies.... Read more»

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