3 days ago

Top Five State Pension Fund Lawsuits

Publicly traded companies are cautioned by history not to attract the ire of state pension funds. BP and other companies whose problems have harmed investors, and who are repeatedly learning how litigious these public funds are.

Last week the New York State Common Retirement Fund joined four Ohio public pension funds in a suit against BP. They complained that BP's securities traded at inflated prices while the company released "false and misleading statements" related to its ability to respond to the Gulf oil spill.

The attorney general's office in Ohio estimates the five public funds collectively lost more than $200 million from their transactions in BP common stock and Americ

5 days ago

Reuters.com | Africa

PARIS French President Emmanuel Macron spoke to the leader of Mali after Sunday's attack on a luxury resort in the country, and pledged France's full support for the country, Macron's office said on Monday.

3:11am EDT

LONDON A white man deliberately ploughed a van into worshippers near a north London mosque, the Muslim Council of Britain said on Monday, citing witnesses and video from the incident which left several people injured.

Jun 18 2017

CAIRO An Egyptian policeman was killed and four wounded by a roadside explosive near the Cairo suburb of Maadi on Sunday, the Interior Ministry said in a statement.


Jun 18 2017

BAMAKO Security forces have so far rescued 32 guests from a Mali resort that is under attack by gunmen, a security ministry spokesman said on Sunday.

Jun 18 2017

PARIS Low-cost carrier Viva Air Peru looked close to reaching a roughly $5 billion deal with Airbus for medium-haul jets on Sunday, as Western planemakers seek to defy expectations of slow sales at this year's Paris Airshow.

Jun 18 2017

BAMAKO Two people have been killed in an attack on a resort outside Mali's capital, a security ministry spokesman said on Sunday.

Jun 18 2017

MADRID Hundreds of migrants, some of them drifting in rubber dinghies off the coast of Libya, were picked up by Spanish and Italian ships on Saturday, adding to a lengthening list of rescue operations in recent days.

Jun 18 2017

LAGOS At least half of Nigerian government food aid sent northeast for hungry people driven from their homes by Boko Haram has been "diverted" and never reached them, a government official said.

Jun 18 2017

CAIRO Saudi Arabia is banning imports of Egyptian strawberries due to pesticide residues, said Abdel Hamid al-Demerdash, the head of Egypt's Agriculture Export Council, the latest such ban to hit Egypt as it struggles to revive its economy.

Jun 18 2017

JUBA When South Sudan's civil war erupted in 2013, Nyayath Uluak was caught in crossfire in the northern town of Malakal and a bullet tore her leg apart. She survived, but the lower half of her limb didn't.

Jun 18 2017

1 week ago

Top 10 Spectacularly Beautiful Tourist Attractions in South Africa

Kruger National Park

Kruger National Park is a 2 million hectares animal sanctuary. It is about 1000 miles above sea level and is situated on the low altitude grassland known as, Lowveld area which is called the "real Africa" by the natives. The climate is subtropical with a combination of both dense leafy and thorny trees. It is home to the great African elephants, lions, giraffes, and other wild animals. Walking safaris, mountain biking, or simply a guided tour are some of the attractions in this national park.

Garden Route

The Garden Route

2 weeks ago

Top 10 professional life coaching myths

Life coaching is all the rage. Harvard Business Review reports that coaching is a $1 billion a year industry, but just what is a personal coach, professional coach, or life coach and why are so many executives and individuals using them to catapult their careers, break free from 9-5 jobs, and to create better, more fulfilling, richer lives?

First, what is a professional coach? The International Coach Federation (ICF) -- the leading global coaching organization and professional association for coaches -- defines coaching as "partnering with clients in a thought-provoking and creative process that inspires them to maximize their personal and professional potential."

Second, who's using coaches? In a 2009 study of the professional coaching industry by the Chartered Institute of Personnel Development (CIPD), they found that coaching was used by 90% of organizations surveyed and that even in the economic downturn, 70% report that they are increasing or maintaining their commitment to coaching. Coaching is clearly popular, but what does a professional coach do?

As with any growing profession, there can be a lot of confusion. To help distinguish fact from fiction, click through the pages to read the top 10 personal coaching myths...

2011 CBS Interactive Inc.. All Rights Reserved.


2 weeks ago

Association of International Certified Professional Accountants Urges South Africas Audit Regulator to Reject Mandatory Audit Firm Rotation

NEW YORK & LONDON--(BUSINESS WIRE)--The Association of International Certified Professional Accountants (the

Association) has voiced its strong opposition to a plan by South

Africa's Independent Regulatory Board for Auditors (IRBA) to implement

mandatory audit firm rotation (MAFR).

In a written

response to IRBA's Consultation Paper, the Association, which has

offices in locations including Johannesburg, Colombo, Kuala Lumpur,

London, New York and Shanghai, wrote that MAFR "may have a negative

impact on audit quality, increase market concentration to a more limited

number of auditing firms, and will hinder, rather than promote,

transformation of the profession."

The letter, signed by Association CEO Barry C. Melancon, CPA, CGMA,

includes analysis of the most significant factors supporting the

profession's longstanding position. It notes that mandatory audit firm


Negatively impacts audit quality

Causes loss of institutional knowledge and experience

Limits auditor specialization

Creates resource strains

Could increase audit market concentration

May result in unintended costs

Limits the audit committee's ability to determine the best audit firm

for the company

Limits ability to attract and retain talent

"The Association believes that each of these factors demonstrates that

MAFR should be rejected," the letter stated. "It is clear from at least

some of the regulatory regimes that have adopted it that MAFR has not

had the intended benefits and its continuation is either being

questioned or discontinued. MAFR takes away the key responsibility of

audit committees which, along with the board of directors, are in the

best position to watch management actions and ensure that companies are

obtaining high quality audits to protect the investing public."

Concluding that MAFR is not in the public interest, risks harm to audit

quality, would impose significant costs on businesses and shareholders

without commensurate benefit, would be economically disruptive and

create other negative consequences, the Association asks that IRBA

reject a move to require it.

About the Association of International Certified Professional


The Association of International Certified Professional Accountants (the

Association) combines the strengths of the American Institute of CPAs

(AICPA) and The Chartered Institute of Management Accountants (CIMA) to

power opportunity, trust and prosperity for people, businesses and

economies worldwide. It represents 650,000 members and students in

public and management accounting and advocates for the public interest

and business sustainability on current and emerging issues. With broad

reach, rigor and resources, the Association advances the reputation,

employability and quality of CPAs, CGMAs and accounting and finance

professionals globally.

4 weeks ago

Transaction Capital Ltd (TCPJ.J) People



Mr. Christopher (Chris) Stefan Seabrooke is Non-Executive Independent Chairman of the Board of Transaction Capital Ltd. Chris is a financier and investor who has been a director of more than 25 listed companies. He is currently chief executive officer (CEO) and controlling shareholder of Sabvest Limited, chairman of Metrofile Holdings Limited and Torre Industries Limited, deputy chairman of Massmart Holdings Limited and a director and audit committee chairman of Brait S.E., Net1 U.E.P.S. Technologies Inc and Datatec Limited. Chris is also a director of numerous unlisted companies including chairman of Conance Limited (UK) and General Pacific Capital Limited (Mo

4 weeks ago

CNN.com - Transcripts

Return to Transcripts main page


EU Averts Split with Deal to Bailout Spanish and Italian Banks; Barclays Boss Bob Diamond Under Fire Over Bad Behavior; Stock Market Surge After EU Summit Deal

Aired June 29, 2012 - 14:00:00 ET


RICHARD QUEST, HOST, CNN QUEST MEANS BUSINESS: Shout joy, for acquired its money for Monti. The Euro project moves forward.


DAVID CAMERON, PRIME MINISTER, ENGLAND: They need to play each other a football, but when it comes to Euro zone, they should all be on the same side.