27 March 2015

The Business of Politics and Lawsuits

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Another week in the world of money which saw politics and lawsuits dominate the headlines.

Brazilian commuters in subway

Politics


We start this week in the world of politics where a Brazilian judge has accepted charges filled by state prosecutors against 11 companies for allegedly forming a cartel to control construction and upkeep of the subway and train systems in Sao Paulo just weeks after a corruption scandal involving state oil giant Petrobras was revealed. In other South American news Citigroup was authorized by a US judge to process Argentine dept payments after numerous lengthy court battles while on the other side of the world in the Middle East we saw trouble as conflict in Yemen sent oil prices soaring. Europe saw protestors marching in Madrid against austerity measures called the "march for dignity" while the always complicated relationship between EU and Greece raised its head when Germany and other EU leaders set strict terms for Greek aid.

Legal


But it wasn't just bureaucracy this week as we also saw legal disputes with the Ellen Pao lawsuit taking center stage as her legal team wrapped up arguments. However, they weren't alone with Twitter also being sued for gender discrimination. The technology world also saw the Google anti competitive report leaked and news that Google had become a lobbying powerhouse with near weekly meetings at the White House. Outside of the tech world Ex-American Apparel CEO, Dov Charney, is seeking $40 million in damages after being fired last year.

Heinz and Kraft products

Stock Markets


We end the week on Wall Street where news of Heinz and Kraft merging had mouths salivating with the prospect of a new super food company and lastly, the stuff dreams are made of, when we heard luxury car maker Porsche gave each of it's employee's a sizable bonus sharing the spoils after a successful year.

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