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New York City said on Friday that it sued BP Plc for over $39 million of losses it claims beneficiaries of the city's pension funds suffered due to BP's "misconduct and fraudulent behavior" linked to the 2010 Deepwater Horizon oil spill."BP failed to disclose to shareowners the serious risks involved in its offshore drilling operation," Comptroller John Liu said. "After the spill began, it misleadingly attempted to minimize the extent of the damage and the cost to shareowners."(Reporting by Edward Krudy; Editing by Vicki Allen)...
SACRAMENTO, California (Reuters) - The investment committee of Calpers, the biggest U.S. pension fund, voted on Tuesday to divest its holding in two manufacturers of...
Chesapeake Energy Corp , the U.S. oil and gas company battling a governance crisis and financial strain, said on Monday its chief executive officer, Aubrey McClendon...
Construction workers in the U.S. Northeast should see hiring pick up after years of job losses, as the region gears up efforts to rebuild after the devastation broug...
New York City Comptroller John Liu on the factors behind the lawsuit against Wal-Mart.
New York City Comptroller John Liu on why corporate governance changes are needed at Wal-Mart.
The FBI has opened a probe into trading losses at JPMorgan Chase & Co,hat manages about $250 million."It's really shocking because JPMorgan has been known as the mos...
John Liu , NYC Comptroller , on the city’s holdings of Wal-Mart and oil companies, and his take on holding Wal-Mart directors accountable for the bribery scandal.
John Liu , NYC Comptroller , on why he wants to oust the key directors of Wal-Mart in the wake of the company’s bribery scandal.
New York City's pension funds plan to vote their 4.7 million company shares against five directors standing for re-election to Wal-Mart Stores Inc.'s (WMT) board at ...
As Occupy Wall Street marked its six-month anniversary, the Securities and Exchange Commission told Goldman Sachs Group Inc. (GS) and J.P. Morgan Chase & Co. (JPM) t...
The 80-pound, fawn-colored pit bull named Mr. Bush was not adoptable, under the assessment of New York City's animal shelter system. He was said to have severe guard...
New York City employees are paid 17 percent less on average than people working in the private sector, according to a study released by the city's comptroller on Wed...
JPMorgan Chase & Co Chairman and CEO Jamie Dimon, who came through the financial crisis relatively unscathed, is suddenly looking a little less secure.The top U.S. b...
American International Group Inc. (AIG), Bank of New York Mellon Corp. (BK) and U.S. Bancorp (USB) will disclose racial and gender information about their U.S. workf...
American International Group Inc. (AIG) on Wednesday unveiled a compensation plan that allows the insurer to take back bonuses from top employees that cause serious ...
Nabors Industries Ltd. (NBR), the oil-drilling firm whose pay practices have long rankled some investors, is paying Chief Executive Anthony Petrello $60 million to g...
Three more top banks, including Citigroup Inc. (C), will expand the reach of clawbacks for executive pay when things go wrong, increasing to six the number of leadin...
Three more top banks, including Citigroup Inc. (C), will expand the reach of clawbacks for executive pay when things go wrong, increasing to six the number of leadin...
Citigroup Inc. (C) is shelving an unusual executive profit-sharing plan that raised hackles with investors, said people familiar with the company.The decision to all...
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