CalSTRS says has not seen details of bid for Freedom Group
The California State Teachers' Retirement System (CalSTRS) said on Wednesday it had not seen details of a plan by Cerberus Capital Management LP fund managers to bid for gun maker Freedom Group but that it understood Cerberus had to explore several options.
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Reuters
How to Hire Better and Faster
Finding the right employees shouldn’t be a crapshoot. These tips can help you craft an efficient hiring strategy to save you both time and money. Sometimes the hiring process can feel like a slow, nerve-wracking slog to the finish line. And once you get there, are you confident that you’ve hired the right person for the job? Because making the wrong hiring decision can cost you – up to twice the annual salary of the employee in question according to the Society for Human Resources Management. Fortunately, there are steps small business owners and managers can take that will shorten the hiring cycle, increase the chances of securing the best candidates and potentially save you thousands of dollars by avoiding bad hires. Joe Taylor at Small Business Computing lays out steps to help you attract and retain the type of employees that can help your business succeed. Remember, streamlining your business processes can make you more efficient and productive. Apply that theory – and these ...
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BofA to Settle Mortgage Investors’ Class-Action
(NEW YORK) — Bank of America has agreed to settle a class-action lawsuit brought by investors who bought mortgage investments from Countrywide Financial, the California-based lender it acquired in 2008. The announcement came as the nation’s second biggest bank reported higher net income for the first quarter, but missed analysts’ expectations. Bank of America said Wednesday that it would pay $500 million to settle the lawsuit brought by the Maine State Retirement System and other pension funds who said Countrywide had misled them about the quality of the mortgages they bundled together and sold to investors before the crisis. The settlement is the latest reminder of the long fallout of Bank of America’s decision to buy Countrywide, which was known for making exotic loans. The purchase catapulted the bank into a spot at the top of the nation’s mortgage scene, but it’s been an albatross ever since, bringing lawsuits, regulatory investigations and quarterly losses. Bank of America ...
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South Africa: Controlled Foreign Companies And The Concept Of Effective Management - Grant Thornton
South African taxpayers commonly form companies in foreign jurisdictions to seize investment and expansion opportunities.
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Mondaq
Australia: Safety conscious employer fined for deficiencies in risk management systems - Sparke Helmore Lawyers
The case shows the importance of developing and implementing comprehensive health and safety procedures for employees.
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Mondaq