January 25, 2014 in Business

Stolen Coca-Cola laptops contained personal data

From Wire Reports
 

Coca-Cola said Friday that laptop computers stolen from its Atlanta headquarters held the personal information of up to 74,000 people.

The company has recovered the laptops and spokeswoman Ann Moore said Coca-Cola has no indication that the information on the stolen computers was misused.

Moore confirmed that the personal information on the laptops belonged mostly to employees or former employees of Coca-Cola Co.

Coke is sending letters to about 18,000 people whose names and Social Security numbers were found on the laptops.

Moore said the company cannot provide further details on the thefts because there is an ongoing law enforcement investigation.

Feds seek continued review of Apple antitrust policies

NEW YORK – The Justice Department wants a federal appeals court to let a monitor continue reviewing Apple’s antitrust policies over the company’s objections.

Government lawyers filed papers Friday with the 2nd U.S. Circuit Court of Appeals in Manhattan. They said Apple Inc.’s request to stop the work that a monitor began in the fall because he’s “conducting a roving investigation” is without merit.

The monitor was appointed by a judge who concluded last summer that Apple had colluded with book publishers in 2010 to raise electronic book prices.

An appeals court judge on Tuesday suspended the two-year appointment of a monitor until a three-judge panel of the court can decide if the monitor’s work should continue. Arguments are scheduled for Feb. 4.

Sirius XM begins evaluating Liberty Media takeover plan

NEW YORK – Sirius XM says it has hired financial and legal advisers to help it evaluate Liberty Media’s bid to buy all of the satellite radio provider.

Liberty Media Corp., an Englewood, Colo., company controlled by billionaire John Malone, already owns more than half of the New York-based company’s shares. It is trying to gain control of the rest of Sirius XM Holdings Inc. in a stock deal that valued Sirius XM at about $23 billion when it was announced earlier this month.

Sirius XM formed a special committee to consider the offer.

Wal-Mart cuts thousands of Sam’s Club managers

NEW YORK – Wal-Mart Stores Inc. said it’s eliminating 2,300 workers at its Sam’s Club division as it reduces the ranks of middle managers in a bid to be more nimble.

The layoffs, which cut 2 percent of the membership club’s U.S. employee count of about 116,000, mark the largest since 2010 when the Sam’s Club unit laid off 10,000 workers as it moved to outsource food demonstrations at its stores.

Paper clips

Viacom Inc.’s nonagenarian founder, Sumner Redstone, saw his pay jump 77 percent to $36.2 million last year, reflecting a surge in the value of a preferential investment called stock option equivalents.

JPMorgan Chase almost doubled Chairman and CEO Jamie Dimon’s pay for 2013, rewarding the executive for settling probes against the bank. Dimon will receive total compensation of $20 million in 2013, consisting of $18.5 million in stock options and a base salary of $1.5 million, the bank said in a statement Friday.

KPMG, a major accounting firm, has agreed to pay $8.2 million to settle federal regulators’ charges of compromising its independence by providing non-audit services to companies whose books it audited.


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