Financial life in a big town

May 22, 2012

After identity theft, beware the hard sell

Filed under: Finance, Lending rates — Tags: , , , — Silver @ 7:56 pm

If your wallet gets stolen or you’ve been caught up in a data breach — as in April, when hackers grabbed 1.5 million credit card numbers — you can protect against identity theft by contacting one of the big three credit bureaus, which are required by law to place a fraud alert on your report.

But dealing with the credit bureaus isn’t easy. A recent Federal Trade Commission report found major complaints about Equifax, Experian and TransUnion included long waits to reach live help, failure to send required free credit reports, and unwelcome sales pitches for monitoring services.

Placing a fraud alert also suffices when identity theft is just a possibility.

If identity theft a reality, though — say, someone’s using your credit card — take stronger measures, such as freezing your credit.

Check your financial health

A monitoring service may also make sense, but hold off on signing up when notifying a credit bureau.

"Don’t make a decision when you’re at your most fearful," says FTC attorney Tony Rodriguez.

Identity thefts tops list of consumer complaints

One alternative: Insurers including MetLife offer a year of free monitoring for homeowners and auto insurance customers.

Identity theft victims get spotty help

Was it easy to reach a live person at credit bureaus?*

61%: Yes

36%: No

Did the bureaus give you a free credit report?

51%: Yes

11%: No

33%: Some did

Did you get a notice of your ID theft victim rights?

45%: Yes

27%: No

* "Don’t remember or not sure" responses omitted.

Source: Federal Trade Commission "Using FACTA Remedies" report, March 2012.

Do you know a Money Hero? MONEY magazine is celebrating people, both famous and unsung, who have done extraordinary work to improve others’ financial well-being. Nominate your Money Hero.  

Source

Payday loans online from $100 to 1000 loan payday with no faxing. Get cash advance loans now. Click here for immediate funding.

May 21, 2012

Why Facebook won’t start trading at the opening bell

Filed under: Lending rates, lenders — Tags: , , , — Silver @ 4:48 am

The most hyped IPO of the year is here, but you won’t be able to trade Facebook’s stock right when the market opens at 9:30 on Friday.

That’s because Facebook () will trade on the Nasdaq exchange, which doesn’t open up initial public offerings until a bit later in the trading session.

"It’s not a delay or a problem, just a matter of style," said a source familiar with Nasdaq’s process. "We want to have an IPO stand alone at its own special time."

The company in question — right now, that’s Facebook — can decide when to debut and works with Nasdaq to set the time. Technically, an IPO stock could even start trading in the afternoon, as long as it’s well before the closing bell at 4 p.m. ET.

But most recent Nasdaq IPOs have typically begun trading a few minutes before 11 a.m. ET. That’s when Groupon (), Zynga () and Angie’s List () made their debuts.

Still, the opening times vary. For example, Splunk () began trading on the Nasdaq at 11:20 a.m. on April 19. The next day, Proofpoint () opened at 10:25 a.m.

A representative from Nasdaq declined to comment on what time Facebook’s stock will open on Friday.

The trading site StreetInsider.com typically posts that information as soon as it’s available. StreetInsider editor Lon Juricic says the site gets its timing information after Nasdaq releases it to traders in the morning.

How it works: On the morning that an IPO begins trading on the Nasdaq, the exchange starts a process called the "IPO cross." During that time, traders can submit buy and sell orders. The Nasdaq matches up those orders in real-time on its electronic marketplace — a process that typically takes 40 microseconds or less.

Those orders can be entered into the system, but they aren’t actually completed until the stock begins trading.

"It’s really business as usual," a source close to Nasdaq said of the plans for Friday’s trading. "Same policies, same procedures. This time there are just more questions because it’s Facebook."

By comparison, the New York Stock Exchange starts trading IPOs soon after the opening bell. Recent IPOs LinkedIn (), Pandora (), Yelp () and Annie’s () all began trading on the NYSE by 10 a.m.

– CNNMoney’s Hibah Yousuf contributed reporting. 

Source

If you are interested in getting free instant credit score, here is a reliable site that you can go to for the same.

May 19, 2012

Facebook IPO LIVE: Facebook shares fizzle in market debut

Filed under: Lending rates, legal — Tags: , , , — Silver @ 12:56 am

Investors are bracing for Facebook’s Wall Street debut on Friday after the pioneering online social network raised about $16 billion in one of the biggest initial public offerings in U.S. history.

More: Why you should resist buying Facebook on its first day of trading

More: Facebook IPO: How long will the euphoria last?

To rapturous applause from employees, Facebook Chief Executive Mark Zuckerberg rang the bell to kick off trading on the Nasdaq market at the company’s Silicon Valley headquarters at 6:30 a paydayloans.m. Pacific time.

Shares in Facebook begin publicly trading on the Nasdaq stock exchange for the first time Friday at 11:00 a.m., at an opening price of $38 US. Follow our live blog as The Star covers the social networking giant’s historic first trading day, including analysis and reaction.

Source

May 12, 2012

Kingshighway street vendor withstands weather, economy

Filed under: Business, term — Tags: , , , — Silver @ 1:12 pm

They lacked a business plan, site review or financial feasibility study.

What Ron and Ruth Carter did have, however, was a wealth of kitsch accumulated at flea market and garage sales, along with an ideal locale to peddle the stuff.

Gifts and Decorations requires no introduction to anyone who has driven along North Kingshighway near Delmar Boulevard.

It’s tough to miss the queen-sized Notorious B.I.G. bedspread or the array of themed rugs and wall motifs adorning the storefront where Kingshighway meets Vernon Avenue. 

A sidewalk inventory sheltered only by an awning did not occur by happenstance.

“We pretty much have to put everything outside,” Ron Carter explains. “Nobody will know if we’re here if we sit inside eating jelly donuts. There’s not a lot of windows here.”

Statistics tracking the longevity of small businesses can be confusing.

A 2010 United Capital Funding study that drew on several sources, including data from the U.S. Census, Commerce Department and Small Business Administration is probably closest to the mark. It calculates that the small business survival rate is 49 percent for five years, 34 percent for ten years and only 26 percent for ten years or more.

How, then, to explain the staying power of Gifts and Decorations? This year, the Carters will commemorate a quarter century of selling DVDs, CDs, scarves, ponytail bungees, socks, dirty magazines, mass-produced art and  rugs, including one with the indelible image of the late reggae icon Bob Marley toking a joint.

Carter, 61, gives a simple answer: “It’s not just caring about what you sell. It’s how you treat people, too.”

Gifts and Decorations traces its roots to a spot a few blocks east and south, along Lindell Boulevard. There, Carter — then an elementary school arts teacher — sold handcrafted ashtrays, statuary and figurines molded from plaster of Paris in the early 1980s.

The figurine and ashtray market proved to be fairly successful.

But as the collection of knick-knacks picked up at the flea markets, and other sales approached critical mass, the Carters decided to broaden their inventory.

When the couple – married 35 years – set up shop on Kingshighway in November 1987, the stretch included a beauty shop, a barber shop, a repair shop, a Chop Suey joint and a bar. 

The Carters gradually took over the neighboring real estate as each of the businesses dropped away. Eventually, Gifts and Decorations occupied the entire building.

But only for the purpose of storage. For rare is the customer that makes it past the entrance of 1158 North Kingshighway.

Peddler such impulse buys on the sidewalk is “a lot easier than trying to get them through the door,” Carter says.

Outdoor merchandising captures the peripheral vision of the driving public payday loan no faxing. That’s key to attracting passerby shoppers like Helen King, who pulled curbside after spotting a framed Last Supper triptych, in which artist Wolfgang Otto cast people of color as Christ and his disciples.

“Ten dollars,” King said, loading the print into her car. “You can’t beat it.”

Rotating or rearranging the inventory on a daily basis is another marketing trick. Close observers of Carter’s downmarket bazaar will notice the Betty Boop bedspread, for example, rarely hangs in the same spot.

“That’s another secret,” said Carter. “Don’t put (stuff) in the same place everyday.”

Of course, there’s a downside to conducting business in the great out-of-doors.

Winter isn’t the problem.

“Snow is not so bad, it comes down slow and you can get the stuff inside,” said Carter.

It’s the other seasons, with the storms that tend to descend on St. Louis out of nowhere, that pose the biggest threat.

It takes the Carters about an hour each morning to wheel out the smaller inventory and clamp the rugs and bedspreads to the clothesline running the length of the building.

Carter has never put it to a stopwatch. But he assures it takes a lot less time to get the merchandise inside when high winds and thunderbolts erupt without warning.

Carter says business has dropped off since a city health inspector two years ago ordered Gifts and Decorations to halt the sale of frozen ice – which the Carters call “snow balls.”

“Everybody liked our snowballs, because we gave them a lot of juice,” he said. “And when people stopped for a snowball, there was no telling what else they’d buy.”

Carter is keenly aware that sidewalk transactions, even after 25 years, doesn’t fit the traditional business model.

But he points out that Gifts and Decorations is as vulnerable to the market and economic forces as the grocer across the street or the auto parts supplier on the next block.

Besides taking a hit in the recession, Gifts and Decorations is engaged in constant give and take with wholesalers over the cost of the Chinese goods that dominate the inventory. And the Carters grind their teeth over the bane of businesses of every shape and size – taxes.

Ron Carter may complain that “I don’t know if I’ll be in business that much longer if they keep raising my taxes.”

Still, the couple allows that a healthy supply of merchandise is stockpiled beyond those doors that his customers never enter.

And nearly 25 years after they first arrived at the corner of North Kingshighway and Vernon, they have no plans to clear the sidewalk anytime soon.

Source

May 11, 2012

Tenaska shifts strategy for Illinois power plant

Filed under: legal, term — Tags: , , , — Silver @ 12:24 am

Energy developer Tenaska Inc. has worked since 2007 to win legislative backing for a next-generation coal-fueled power plant southeast of Springfield. A key selling point was that the project would give a lift to the downstate coal-mining industry.

But Tenaska has failed to get a bill pushed through the General Assembly in the face of opposition from a coalition of business and environmental interests.

Now, with the clock ticking on another legislative session, the company is taking a new tack: It’s proposing to proposing to ditch coal for natural gas.

The new strategy, which has yet to be formalized, is part concession to political reality and part acknowledgement of the U.S. shale gas revolution that’s upended energy markets.

“We thought about it a long time and made a proposal that meets all of the objections that have been raised,” said Bart Ford, a Tenaska vice president.

As originally envisioned, the project would have transformed Illinois coal into a synthetic gas and burned that gas to produce electricity. The technology would allow much of the carbon dioxide and other pollutants from coal to be stripped out before combustion.

Under the new proposal, hatched during a meeting in Springfield earlier this week, Tenaska would move ahead only with the part of the plant that would burn natural gas for electricity. It could seek to add the coal-gasification unit later if market conditions warrant, Ford said.

Whatever the outcome in Springfield, Tenaska’s strategy shift is the latest evidence of the seismic shift taking place in energy markets.

Horizontal drilling and hydraulic fracturing technologies that opened up more of the country to natural gas drilling and vastly expanded domestic natural gas production has had a huge impact on the price of the fuel, which remains at around $2.50 per thousand cubic feet — the lowest level since 2002.

The drop in gas prices has led utilities to increasingly embrace natural gas at the expense of coal and made projects to convert coal into gas, which were already a tough sell to policy makers and lenders, practically impossible.

With natural gas at $2.50, “coal gasification doesn’t make sense,” said Ed Rubin, a professor in engineering and public policy department at Carnegie Mellon University in Pittsburgh. For the foreseeable future, “gas is going to the fuel of choice”

Tenaska’s proposed modification would shave off about two thirds of the project’s original $3.5 billion price tag. That would limit the impact on average residential utility customers to about 60 cents a month.

The proposal being floated in Springfield would also cap rate increases for commercial utility customers at one-tenth cent per kilowatt-hour. Previously filed legislation to advance Tenaska’s coal-gasification plant offered no such guarantees.

Tenaska says the project would not only create thousands of jobs, it would help offset what are projected to be significant electricity price increases in coming years.

There’s already evidence that electricity prices in northern Illinois will jump considerably beginning in 2014 as older, less efficient coal plants are mothballed because they can’t compete economically in an era of cheap natural gas and tougher environmental regulations.

But despite an outlook for higher power prices, Tenaska says it still needs legislation that would require utilities to buy the plant’s output for the next 30 years. That’s because Wall Street otherwise won’t finance a large new power plant in a deregulated state like Illinois unless it has a long-term agreement to sell the output. And such agreements aren’t possible with Illinois’ power procurement rules.

The Citizens Utility Board, a Chicago-based consumer group, supported previous legislation to advance the coal gasification plant because it capped maximum rate increases for residential customers and small businesses.

Jim Chilsen, a CUB spokesman, said the group is still reviewing Tenaska’s modified proposal, and that its support generally hinges on a cap on any rate increases.

The STOP Coalition — a group that includes power generator Exelon Corp., business and environmental interests that galvanized to fight the Taylorville project legislation — issued a statement indicating it hasn’t yet formed a position on Tenaska’s new proposal.

“When details of the proposal emerge, we will look at it with the goal of ensuring customers aren’t subject to unnecessary rate increases,” the group said.

Ford doesn’t necessarily believe opponents will change their stance. But he said it’s important to show legislators that the company responded to all of the objections in an effort to form consensus.

He also said it’s important for Tenaska to get the legislation approved before the legislative session ends on May 31. The company is close to an agreement needed to interconnect with the power grid and already has an air permit needed to move forward.

“The clock is ticking,” he said.

Only a few years ago, Illinois was positioned for the first wave of coal gasification plants, including Tenaska’s Taylorville Energy Center.

Peabody Energy Corp., the world’s largest private-sector coal producer, announced efforts in 2005 to pursue a coal-gasification project in Illinois with ArcLight Capital Partners in response to what it deemed “scarce U.S. natural gas” supplies.

The Department of Energy-sponsored FutureGen project was proposed by President George W. Bush.

But “none of them have come to fruition,” said Phil Gonet, head of the Illinois Coal Association.

Gonet said Tenaska’s plan to move ahead with only part of the Taylorville project “reflects the reality” that cheap natural gas is hurting the coal industry. But he’d rather see part of the Taylorville plant built — and perhaps converted later to run on Illinois coal — than for the plant to not get built at all.

“Is it a setback for coal? yeah. But I wouldn’t call it a major setback,” Gonet said.

St. Louis-based Peabody said it still sees coal-to-gas technology as viable longer term in the U.S., but wouldn’t move any such projects to the “front burner” until natural gas move higher. The company is also optimistic about the potential to convert its coal reserves into transportation fuels, spokesman Vic Svec said.

Rubin said it remains to be seen whether the energy industry’s bet on cheap natural gas is a smart one. The country leaned heavily on natural gas a decade ago, and the plan backfired.

Meanwhile, development of technology to convert coal to gas is still advancing in other parts of the world. 

“China is where the action is,” he said.

Source

May 1, 2012

Itsy-bitsy teeny cell towers are coming

Filed under: lenders, marketing — Tags: , , , — Silver @ 8:52 am

The cell phone capacity problem is getting bigger by the day, but one potential solution has wireless carriers thinking smaller — way smaller.

As smartphone and tablet usage soars, the giant cell towers that mobile devices communicate with are getting overloaded. As a result, cell phone companies have begun to get behind the idea of "small cells": tiny antennas that you can hold in your hand.

Small cells make much more efficient use than traditional towers of carriers’ increasingly precious wireless spectrum. The low-powered devices can cut back on interference, improve cell reception indoors and become Wi-Fi hotspots to offload traffic from cramped cellular networks.

Such spectrum-maximizing tricks are becoming increasingly important as mobile traffic booms. By 2016, more than half of the Internet’s traffic will come from mobile devices, and 71% of that will be big video files, according to Cisco’s (, Fortune 500) latest Mobile Visual Networking Index, the industry’s most comprehensive annual study.

Carriers would typically handle that growth by adding new cell towers or more radios to existing towers. But that’s an expensive process, and many metropolitan areas are now so packed with towers that new ones would be riddled with interference concerns.

"That has major implications for how you build out mobile infrastructure," said Murali Nemani, head of service provider marketing for Cisco. "The rationale behind small cells has a lot to do with this perfect storm that is brewing."

Echoing Apple’s proclamation of a "post-PC" world, Cisco CEO John Chambers said last month that we are entering a "post-macrocell era."

Telecom analysts agree. Small cells will make up 90% of total cell tower deployments by 2015, Nomura analyst Stuart Jeffrey predicts.

One of the main selling points is their low cost. The revenue generated by small cell infrastructure sales will make up just 5% of the total revenue from base station sales, Jeffrey estimates, even as small cells grow to dominate the market.

They also offer greater flexibility. Wi-Fi is a potent tool for fighting the spectrum crunch — carriers can use it to offload traffic from their cell networks — but today’s networks can be painfully tricky to use. Customers have to seek out a network, remember their credentials, and manually sign in.

Cisco’s small cells use a new "passpoint" standard, certified by the industry-governing Wi-Fi Alliance, that allows carriers to automatically sign their customers in to hotspots. The technology is expected to be released this summer. One day soon, you could walk into a mall with your iPhone and be switched to your carrier’s Wi-Fi network without even knowing it.

The carriers aren’t touting the technology just yet — Verizon (, Fortune 500), Sprint (, Fortune 500) and AT&T (, Fortune 500) all declined to comment for this article about their small-cell investments — but they’re all in various stages of deploying it.

AT&T recently won approval from Palo Alto, Calif., city officials for a significant test project throughout the city. Verizon’s top network planning executive said at a conference last year that the carrier will use small cells to help manage its network capacity, while Sprint recently partnered with small cell hardware maker AirWalk Communications.

Cisco is just one of many mobile infrastructure providers hoping to get on the bandwagon. Alcatel-Lucent (), Powerwave () and others are promoting their own small cells, each with a different feature set.

Alcatel-Lucent’s lightRadio, introduced last year, is a cube that fits in the palm of your hand and can be fastened to the top of lamp posts or placed on the sides of buildings. The company is developing several new devices, based on lightRadio, that will bring coverage indoors and be capable of sending both 3G and 4G signal simultaneously.

Powerwave’s small cells are able to plug into an ethernet connection and broadcast a carrier’s signal. They are also designed to blend in to their surroundings so they don’t become an eyesore in places like office buildings or stadiums.

"There is a huge opportunity coming," said Juan Santiago, head of Powerwave’s product management. "No one wants a giant cell tower in their backyard." 

Source

April 29, 2012

U.K. Services, Manufacturing Probably Slowed in April - Bloomberg

Filed under: Banks, Mortgage — Tags: , , , — Silver @ 5:48 am

U.K. services, manufacturing and construction probably waned this month as Bank of England policy makers prepare to discuss whether they need to extend stimulus after the economy slipped back into recession.

A gauge of factory activity based on a survey of purchasing managers will fall to 51.5 from 52.1 in March, according to the median estimate of 27 forecasts in a Bloomberg News poll. A reading above 50 indicates expansion. An index of services, the largest part of the economy, will decline to 54.1 from 55.3, while a construction measure will also fall, separate surveys of economists show.

U.K. gross domestic product fell in the first quarter, pushing the economy into its first double-dip recession since the 1970s. While Bank of England officials have said that may hurt confidence, they must balance that risk with the threat from faster-than-targeted inflation at their May 9-10 meeting.

April 27, 2012

Watson buying generic drugmaker Actavis for $5.6B

Filed under: legal, term — Tags: , , , — Silver @ 9:12 pm

Watson Pharmaceuticals Inc. is buying another generic drugmaker, Switzerland’s Actavis Group, for about $5.6 billion in a move that will make Watson in the world’s third-biggest generic drugmaker.

Watson, which has seen its profits surge since it started selling an authorized generic version of cholesterol blockbuster Lipitor in December, is now No. 4 globally. It had expected around $5.4 billion in revenue this year. It plans to pay for Actavis with term loan borrowings and the sale of new debt.

Privately held Actavis operates in more than 40 countries and sells more than 1,000 products. The companies said its revenue totaled $2.5 billion in 2011. Watson said the purchase should close during the fourth quarter of 2012, pending approval from regulators. If Actavis meets performance goals in 2012, its shareholders could get up to 5.5 million shares of Watson.

Watson CEO Paul Bisaro said in a statement that the deal will boost its position in Russia and Central and Eastern Europe, and complement its products in the U.S. After the deal is complete, more than 40 percent of Watson’s generic drug revenue will come from outside the U.S., and Watson said it believes it will be able to reduce its annual costs by $300 million the three years after the deal closes.

Watson reported $4.58 billion in revenue in 2011, up 29 percent from the previous year, on sales of generic versions of drugs like Lipitor, the pain drug Kadian and attention deficit hyperactivity disorder treatment Concerta. It also expanded its business by buying generics maker Specifar Pharmaceuticals of Greece in May guaranteed unsecured personal loan. That deal was valued at $563.1 million.

Watson also makes brand-name products like the enlarged-prostate drug Rapaflo. In December, Watson announced it is partnering with Amgen Inc., the world’s biggest biotechnology company, to create “biosimilar” versions of several biologic medicines for cancer. Those drugs would be sold under a joint Amgen/Watson brand.

Teva Pharmaceutical Industries Ltd. of Israel is the world’s largest generic drugmaker, with $13 billion in generic drug revenue in 2011. Sandoz, a unit of Swiss drugmaker Novartis AG, was No. 2 with $10.7 billion. Mylan Inc. of Pittsburgh had around $8 billion in sales for the year.

Actavis is headquartered in Zug, Switzerland. It has around 10,000 employees to Watson’s 6,700. Watson is based in Parsippany, N.J.

Watson shares climbed $4.01, or 5.8 percent, to $73.70 in aftermarket trading. The stock is up 19.1 percent since March 21, when it was first reported that Watson was in talks to buy Actavis.

After the deal was announced, Moody’s Investors Service backed its credit ratings on Watson but lowered its outlook to stable from positive. Fitch Ratings said it will downgrade Watson if the deal proceeds as planned because the deal would increase Watson’s debt to $6.8 billion from $1.1 billion.

Source

April 25, 2012

Oil prices decline on growing supply

Filed under: Australia, Loans — Tags: , , , — Silver @ 11:48 pm

Oil prices dropped slightly on Wednesday after the government reported an increase in U.S. supplies.

Benchmark West Texas Intermediate crude lost 22 cents to $103.33 per barrel in New York. Brent crude, which sets the price of oil imported into the U.S., lost 28 cents to $117.88 per barrel in London.

Prices dipped after the Energy Information Administration reported that U.S. oil supplies increased by 4 million barrels last week. The increase was a surprise following an industry trade group’s prediction late Tuesday that supplies had declined last week. The price of oil tends to fall as more supply becomes available to refineries.

Crude supplies climbed close to a record high in Cushing, Okla., where benchmark crude is delivered. High oil supplies in Cushing have pushed the benchmark price lower than other oil varieties. Those supplies are expected to begin falling in May when the Seaway Pipeline begins carrying crude oil from Cushing to the Gulf Coast.

Supplies also rose last week on the East Coast, Gulf Coast, Midwest and Rocky Mountains.

Petroleum demand fell by 3.2 percent when compared with the same time last year.

At the pump, gasoline prices fell for a ninth day to an average $3.84 per gallon, according to auto club AAA, Wright Express and Oil Price Information Service. The price of gasoline has declined by an average of 9.6 cents per gallon since it hit $3.936 per gallon on April 6.

In other energy trading, heating oil was flat at $3.1314 per gallon and gasoline futures gave up 3.05 cents to $3.1288 per gallon. Natural gas added 2.9 cents to $2.004 per 1,000 cubic feet.

Source

April 24, 2012

Wal-Mart shares drop after Mexico report

Filed under: Banks, lenders — Tags: , , , — Silver @ 8:52 am

Wal-Mart’s stock price dropped Monday, after bribery allegations concerning the retailer’s Mexican operations surfaced over the weekend.

Wal-Mart Stores (, Fortune 500) stock finished 4.7% lower on Monday. On Mexico City’s Bolsa Mexicana de Valores, the stock price for the company’s Mexican division, Wal-Mart de Mexico (), plunged 13%.

The world’s biggest retailer drew attention as a result of a New York Times report about alleged bribery in Mexico. The story, published Saturday online, alleged that top executives at Wal-Mart de Mexico tried to hide a widespread bribery scheme from the company’s headquarters in Bentonville, Ark.

On an earnings call Monday after the bell, Wal-Mart de Mexico CEO Scot Rank and CFO Rafael Matute didn’t address the allegations or take questions.

But John Zolidis, analyst for Buckingham Research, said that the scandal isn’t big enough to bring down the retail giant.

"Although the story gives us pause, we believe the impact on the company’s business will be minimal," wrote Zolidis in a research note. "We would use weakness to buy the stock."

He added that the most likely outcome is that Wal-Mart "pays some kind of fine. Some movement among executives occurs. We doubt there is noticeable impact on the Wal-Mart brand or on the business."

Allegations in the Times story date back to an executive’s e-mail from 2005, which reportedly details how the company paid $24 million in construction-related bribes business

Newer Posts »

Powered by WordPress