Browsing: Newsbytes

Legal

By a bipartisan 16-4 vote, the Senate Judiciary Committee today approved the PATENT Act (S. 1137), which would seek to reduce abuse of the patent system through vaguely worded demand letters sent to businesses by patent trolls.

Newsbytes

Since the Sarbanes-Oxley Act of 2002, banks have placed increased focus on internal audit. In response to member requests, ABA has formed peer groups for internal auditors and groups for those coordinating implementation of the updated COSO internal control framework.

Economy

Employers announced plans to shed 41,034 workers from their payrolls in May, following the 61,582 planned job cuts announced in April, according to a report issued by Challenger, Gray & Christmas.