Airing on Monday, March 9, 2015: There’s a saying in politics — “The only difference between a campaign contribution and a bribe is timing.” When it comes to filing criminal charges, that sentiment may not be too far off. With Senator Bob Menendez of New Jersey likely facing corruption charges, we look at how the law and the courts figure out the line between contributions and bribes. Plus, a group of hedge funds decided they didn’t like the fact that General Motors has a large amount of cash sitting around in the bank doing nothing. The group threatened to try to get a troublemaker on the GM board unless the company agreed to buy back $5 billion of its shares, and return that cash to its shareholders. GM caved, and the buyback begins soon. We look at who benefits when a company buys back shares. And who loses. Also, Apple CEO Tim Cook took the stage today to talk about the Apple watch in a live streaming event at the Yerba Buena Center for the Arts in San Francisco, California. How will the company’s focus on wearable technology affect its retail space and how will the store shopping public respond? We investigate.
Airing on Monday, March 9, 2015: There’s a saying in politics — “The only difference between a campaign contribution and a bribe is timing.” When it comes to filing criminal charges, that sentiment may not be too far off. With Senator Bob Menendez of New Jersey likely facing corruption charges, we look at how the law and the courts figure out the line between contributions and bribes. Plus, a group of hedge funds decided they didn’t like the fact that General Motors has a large amount of cash sitting around in the bank doing nothing. The group threatened to try to get a troublemaker on the GM board unless the company agreed to buy back $5 billion of its shares, and return that cash to its shareholders. GM caved, and the buyback begins soon. We look at who benefits when a company buys back shares. And who loses. Also, Apple CEO Tim Cook took the stage today to talk about the Apple watch in a live streaming event at the Yerba Buena Center for the Arts in San Francisco, California. How will the company’s focus on wearable technology affect its retail space and how will the store shopping public respond? We investigate.
