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FBN’s Adam Shapiro with an afternoon market update, plus news that Wal-mart is toughening its supplier policies after a fire at a sub-contractor clo...
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I'm Adam Shapiro -- your Fox Business briefly Ian Jones is barred from eighteen months from rating asset back -- government securities after reaching a settlement with the Securities and Exchange Commission.
The SEC says -- Jones made material misstatements when registering to set up for rating agency.
Egan Jones tells Fox Business the company is pleased it settled with the SEC.
On mutual terms.
Wal-Mart is warning its global suppliers that it will adopt a zero tolerance policy on subcontracting.
Without its knowledge.
The tougher policy starts march 1 last November of fire killed more than 100 people at a garment factory in Bangladesh which had subcontracted with a Wal-Mart.
Clothing supplier Wal-Mart currently allows suppliers three chances to fix problems before cutting them off.
That's the latest from the Fox Business Network giving you the power to prosper.
