| Did Insiders Bail on Airbus Woes?
Mega plane, mega scandal? On Oct. 3, Airbus parent European Aeronautics Defence & Space (EAD.PA) was rocked by reports that France's stock market regulator had uncovered "massive" insider trading by EADS executives and directors. The alleged improper trades took place in late 2005 and early 2006, shortly before the stock plunged on the disclosure of production delays on the double-decker A380 jet. The French daily Le Figaro said the regulator had sent a report to prosecutors identifying 21 high-ranking current and former EADS officials among nearly 1,200 people who had carried out suspicious trades. According to the newspaper, the 21 included Airbus's current chief executive, Thomas Enders, former CEOs Gustav Humbert and Noël Forgeard, top salesman John Leahy, and Ralph Crosby, the head of EADS' North American operations.
Overstock.com (OSTK) Announces $20M Stock Buyback
Overstock.com, Inc. (Nasdaq: OSTK) today announced that its Board of Directors has authorized a $20 million two-year repurchase program which will allow Overstock.com to buyback shares of its common stock and/or its Convertible Senior Notes. The shares may be repurchased from time to time in open market transactions or otherwise, subject to market conditions and other factors, including blackout periods imposed by Overstock.com, during which the Company prohibits its insiders and employees from trading in the Company's stock. Overstock.com, Inc. operates as an online retailer that offer discount brand name merchandise for sale primarily over the Internet. Related Categories Stock Buybacks Stocks Mentioned .
Clean Elections No Guarantee of Strong Democratic Society, Global ...
Global Integrity is an independent, non-profit organization tracking governance and corruption trends around the world. Global Integrity works with local teams of researchers and journalists to monitor openness and accountability. Its data and reporting are used routinely by aid donors, governments, grassroots advocates, and investors to prioritize governance challenges in countries and develop roadmaps for reform. Global Integrity is grateful to the Legatum Institute for Global Development ( www.ligd.org) for its continued support of Global Integrity's work. LIGD is an independent policy, advocacy and advisory organisation within the Legatum group of companies (www.legatum.com). The Institute's mission is to research and promote those principles that drive the creation of global prosperity and the expansion of human liberty and well-being, including the rule of law, transparency, and accountable government as the pillars of a prosperous and free society.
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