Business

Benefit Corporations Look Beyond The Profit Motive

Jun 18, 2014

A corporation has one core obligation: to make money. But some companies are signing a deal, promising to create not only profit but also a tangible benefit to society and the environment. They're called benefit corporations, and their movement has caught the ear of lawmakers across the country.

In the tiny town of Gilsum, N.H., you'll find the headquarters of W.S. Badger Co. Inc. The company makes all-natural cosmetics marketed under the name Badger Balm. When CEO Bill Whyte founded the company two decades ago, the staff was lean.

The computer hack of Austin-based Stratfor in 2011 resulted in credit card numbers and damaging emails being leaked online. A new investigative report from the Daily Dot examining still-sealed court records found that the FBI knew about the hack, because one of its informants helped to orchestrate it.

In addition to directly facilitating the breach, the FBI left Stratfor and its customers—which included defense contractors, police chiefs, and National Security Agency employees—vulnerable to future attacks and fraud, and it requested knowledge of the data theft to be withheld from affected customers. This decision would ultimately allow for millions of dollars in damages.

Daily Dot reporter Dell Cameron was a lead reporter on the story. Listen our interview with him here.

Online marketplace eBay says it was the target of a cyberattack in which hackers accessed a database of its encrypted passwords. The auction site says no financial data were revealed — but it's urging its users to update the passwords on their accounts.

EBay says that it hasn't seen any sign of fraudulent activity since the problem was first detected "about two weeks ago." It also said that it stores financial data and customer records in different places and that accounts of its direct-payment subsidiary, PayPal, were not affected by the data breach.

AT&T To Acquire Broadcast Provider DirecTV

May 19, 2014

Telecommunications giant AT&T and DirecTV announced Sunday that the two companies had reached a definitive agreement which would see AT&T acquiring the broadcast service provider.

AT&T is buying DirecTV for about $48.5 billion, reports The New York Times. But the Times reports that the deal, including debt, is valued at about $67 billion.

flickr.com/rmtip21

The San Antonio Spurs may not have rock star players like LeBron James – they don't have the resources. They might not have the youngest lineup, either (to say the least). And no, they're not flashy.

But the Spurs succeed so often – both on and off the court – they're now considered the top ranked team in the NBA, picked by many to win a fifth championship this year. They must be doing something right.

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