Cricketer Closes Foundation After Failing to Disclose Financials

Shane Warne, a well-known cricket player in Australia, recently announced that he is closing his foundation, which was started to help ill and underprivileged youth. The group’s closure comes after it continually failed to release its financial information. Consumer Affairs Victoria, a watchdog organization in Australia, called for an audit following fundraising disclosure laws. Only […]

Fiat Seeks Chrysler Buyout: What Does This Mean for Detroit?

When the recession hit, big motor companies like General Motors, Ford, and Chrysler were hit hard by rising costs and declining revenue. In 2009, both Chrysler and GM had to be bailed out by the government. Chrysler might have still gone under if not for the United Auto Workers’ acceptance of the sale of 58.5% […]