Prosecutors had alleged that the blood testing firm could not consistently and accurately provide blood testing results and despite being aware of the issue(s), it had advertised and solicited doctors and patients to use its services. As per a report… Read More ›
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S&P settles class action lawsuit in Australia over awaring high ratings to SCDOs
Much of the turmoil that shook the world’s capital markets in 2007-2009 can be traced back to the assigning of high ratings to synthetic collateralized debt obligations (SCDOs). On Friday, U.S.-based rating agency Standard & Poor stated it has settled… Read More ›
World’s largest temp staffing firms Adecco acquires Vettery for undisclosed amount
The move by Adecco, the world’s largest temp staffing firm, will enable it to expand its footprint in the online permanent recruitment space, locally as well as internationally. On Tuesday, Adecco, a staffing company, stated it has acquired Vettery, a… Read More ›
Kraft Heinz meets $1.7 billion cost cutting targets
The food and beverage giant is scheduled to announce its quarterly results later today. Kraft Heinz Co, a U.S. food and beverage firm, disclosed it had met its cost cutting target of $1.7 billion by December 31, 2017. Kraft Heinz,… Read More ›