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Australian wealth manager IOOF hit with class-action lawsuit

2 weeks ago DieselGasoil Comments Off on Australian wealth manager IOOF hit with class-action lawsuit
SYDNEY (Reuters) – Australia’s embattled second-largest wealth manager, IOOF Holdings Ltd, was sued on Friday by shareholders who alleged the company engaged in deceptive conduct and breached sharemarket disclosure obligations. The class-action lawsuit is the ninth against a major financial firm since a public inquiry last year uncovered widespread misconduct in Australia’s financial system, including Read More

U.S. senators’ new bill would ban online ‘dark patterns’ that trick consumers

2 weeks ago DieselGasoil Comments Off on U.S. senators’ new bill would ban online ‘dark patterns’ that trick consumers
FILE PHOTO: Broken computer keyboards are seen in this illustration picture taken in Warsaw, December 13, 2013. Picture taken December 13. REUTERS/Kacper Pempel/File Photo WASHINGTON (Reuters) – U.S. Senators Mark Warner, a Democrat, and Deb Fischer, a Republican, are introducing a bill on Tuesday to ban big online companies like Facebook Inc and Twitter Inc Read More

Australia's AMP scraps short-term bonuses to avert possible board spill

1 month ago DieselGasoil Comments Off on Australia's AMP scraps short-term bonuses to avert possible board spill
SYDNEY (Reuters) – Australia’s AMP Ltd (AMP.AX) on Wednesday said it will not pay short-term bonuses to most executives, a move that could help it avoid possible board removal should investors vote against its remuneration practices for the second consecutive year. FILE PHOTO: The logo of AMP adorns the head office of Australia’s biggest retail Read More

California jury awards $29 million to woman with cancer who used J&J talc

1 month ago DieselGasoil Comments Off on California jury awards $29 million to woman with cancer who used J&J talc
(Reuters) – A California jury on Wednesday awarded $29 million to a woman who said that asbestos in Johnson & Johnson’s talcum-powder-based products caused her cancer. FILE PHOTO: A Johnson & Johnson building is shown in Irvine, California, U.S., January 24, 2017. REUTERS/Mike Blake/File Photo The verdict, in California Superior Court in Oakland, marks the Read More