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China trade body urges tighter corporate compliance after ZTE woes: document

“We can see compliance risk has become a core risk for Chinese firms that join international competition,” the trade body said in the proposal dated April 18″ reports businessinsider.com. The authorities should introduce compliance training measures for government officials and business leaders, the body said.The trade body said top compliance experts, including those working at ZTE’s American suppliers and other multinational companies, had held a discussion this week on the U.S. sanctions to form the CCPIT’s policy proposal.The ZTE case represents a “milestone” and government leaders should urge the company…

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Microsoft exec turned founder: 6 things you need to know before working at a start-up

“In series of tweets, published in April, he revealed what he wishes he’d known before leaving the corporate world” writes Photo Courtesy Textio for cnbc.com. Your resume should highlight experiences beyond just your corporate role Internal corporate awards don’t mean much to the rest of the world, says Harris. 3.Harris tells CNBC Make It via email that he jumped ship because he knew he couldn’t built his product in a big company environment.He joined the company after graduating from college and lead the design and development of well-known products including…

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When the Hacker Threatening Business Operations Is a Well-Armed Nation State

“Industrial conglomerate Emerson Electric Co. invests heavily in cybersecurity to help thwart attacks on customers in the critical infrastructure space, such as power, chemicals and natural gas companies, Mr” writes Sara Castellanos for wsj.com. Investing in cybersecurity is crucial, but it won’t guarantee that a company will never be attacked.The company has boosted its investment in cybersecurity technologies, trainings, staff and certifications by about 50% annually for the past three or four years, Mr. Source: wsj.com Share This:

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The Morning Download: The Corporate Network Becomes the Cyber Battlefield

“Increasingly, it is up to the CIO and CISO to help ensure the integrity of the corporate network and wider public network and internets” writes Steve Rosenbush for wsj.com. Beijing currently requires U.S. cloud-computing firms to form joint operations with Chinese companies and license their technology to the Chinese partners, the Journal’s Bob Davis reports.CIOs must think about corporate networks as part of a growing battlefield. Source: wsj.com Share This:

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U.S. bank executives see delayed boost from tax overhaul

“People usually have nine to 12 months to plan for tax reform” reports businessinsider.com. A cut in the federal corporate tax rate to 21 percent from 35 percent has helped banks boost profit, but other details of the new tax code has not helped their bottom line.I think we have to recognize that tax reform is still in the early phases,” JPMorgan Chase & Co Chief Financial Officer Marianne Lake said on a media conference call after the bank reported first-quarter results.Analysts and investors are still trying to work out…

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VW Chief Pledges Faster Streamlining to Speed Decisions

“The most significant structural decision paves the way for a standalone stock listing of the trucks division, with assets that Evercore ISI estimates at as much as 30 billion euros ($37 billion)” writes unknown author for bloomberg.com. Poetsch said that, whatever moves the company makes with the truck division, Volkswagen won’t cede control. Source: bloomberg.com Share This:

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US Bank Mobilizes Mastercard Corporate Cards

“The FI said at the time it would be focusing these mobile B2B payments capabilities first on the corporate travel segment, and first with its Visa business travel cards” reports pymnts.com. Mastercard is pleased to join forces with U.S. Bank to make life a little easier and more secure for business travelers.” According to U.S. Bank and Mastercard, mobile payments can enhance security for corporate travelers and other business payers because the technology tokenizes payment data, reducing opportunities for card data theft and fraud.U.S. Bank announced last year that it…

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Facebook and the Corporate Ransacking of America

“The Citizens United decision has allowed corporations to funnel money to super PACs that can use unlimited amounts of money to influence elections” reports vice.com. Undoing the damage that late-stage capitalism and corporate America has wrought on us is perhaps the most important challenge this generation will face.A revolving door between big corporations, lobbying firms, Congress, and regulatory agencies have allowed big companies to dismantle regulations from within. Source: vice.com Share This:

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Video: How Corporate America Is Preparing for a Trade War With China

“Corporate America is keeping an eye on President Trump’s trade tariffs while simultaneously adjusting their businesses amid the boost from recently passed corporate tax cuts” writes Scott Gamm for thestreet.com. “If there really is some kind of global trade war, it will be certainly devastating to the global economy, but I’m not so sure that’s where we’re going to be,” he said. di Sibio said it’s important to focus on what’s real, such as tax reform, rather than what may or may not occur in the future. Source: thestreet.com Share This:

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High stakes, high expectations as earnings season heats up

“More recently, performance versus expectations has been better: over the past four quarters, 75 percent of companies beat earnings estimates” writes Midwest Communications Inc for 95kqds.com. S&P 500 companies are expected to increase profits by 19.7 percent in 2018, which would be the biggest annual rise since 2010.Of 23 S&P 500 companies reported so far, 74 percent have reported profits ahead of estimates, according to Thomson Reuters data.The S&P 500 recently traded at 16.3 times earnings estimates for the next 12 months, down from 18.6 times in January, according to…

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