Latest Corporate News
Only 7% of Companies Achieve Full Compliance Amid Global Expansion
A CSC study reveals just 7% of organizations report full compliance across global entities, with 53% at 50-75% compliant, as businesses face rising legal complexities from expansion and AI adoption. The survey of 350 general counsel across Europe, North America, and Asia Pacific underscores the gap in regulatory adherence.
World Bank Projects Pacific Growth Slowing to 2.8% in 2026
The World Bank's Pacific Economic Update forecasts regional growth at 2.8% due to rising fuel/shipping costs, supply chain issues, and global volatility, deeming repeated shocks the 'new normal.' Pacific economies are highly exposed to fuel shocks, with oil imports at 15-25% of merchandise in many countries. Reliable water systems are critical for jobs and resilience amid aging infrastructure.
Armstrong World Industries Attends Bank of America Industrials Conference
Armstrong World Industries' President & CEO Mark Hershey and SVP & CFO Chris Calzaretta will host investor meetings at the 2026 Bank of America Securities Industrials, Transportation and Airlines Key Leaders Conference in New York on May 12. The company published an updated Investor Presentation on its IR website. Contacts include VP Theresa Womble and IR Manager Morgan Leitzel.
US Issues Sanctions on 12 Iran-Linked Entities Over China Oil Shipments
The US sanctioned three Iran-based individuals and nine companies in Hong Kong and the UAE for facilitating Iran's oil sales to China. This targets entities involved in evading oil trade restrictions. The action aims to curb Iran's revenue from prohibited shipments.
FinCEN Warns of Increased Vigilance for World Cup Risks
FinCEN has issued a warning for heightened vigilance during the World Cup, citing risks of human trafficking, labor trafficking, modern slavery, and other predicate crimes. Financial institutions are urged to monitor related transactions closely. The alert emphasizes proactive measures amid the global event.