International Chamber of Commerce Survey Finds Improved Economic Climate

February 13, 2013Email ThisPrintNewslettersTweetArticleComments

The Paris-based International Chamber of Commerce (ICC) and the Munich-based Ifo institute for economic research have released findings, which conclude that the

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Aon Report Finds Loss of Company Reputation Linked to Crisis Events

October 4, 2012Email ThisPrintNewslettersTweetArticleComments

According to the Aon-sponsored Reputation Review 2012, a report recently issued by Oxford Metrica, an independent analytics and advisory firm, 7 out of 10 companies “measured in the report that were impacted by disasters in 2011.”

 They lost “more than one-third of their value and two companies lost almost 90 percent.” Aon therefore concludes that a focus on the supply chain “can make the difference between organization growth and failure post-crisis.”

The review points out that in order to analyze the “dynamic between corporate reputation and financial performance, it is important to study the effects of large-scale crises, whether manmade or driven by external forces. Events such as the Japan tsunami and earthquake as well as various accounting scandals, have caused many organizations to lose value.”

Randy Nornes, executive vice president with Aon Risk Solutions, also noted: “While the principles of reputation recovery are made more vivid by crisis, they apply equally to lesser events that can still damage a company’s reputation. Last year’s research revealed that 80 percent of firms will lose 20 percent of their value once every five years due to reputational issues.

“Any company

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Jury Finds Ford At Fault In Montana Crash Case

April 27, 2012Email ThisPrintNewslettersTweetArticle3 Comments

A Montana jury has found defects in a tire sold by the Ford Motor Company were a factor in a 2003 Ford Bronco crash in which a Cascade County suffered a brain injury and was paralyzed.

The Great Falls Tribune reported jurors voted 11-1 Wednesday in favor of Bryan Mizenko, who sued Ford, the Firestone Tire and Rubber Company and Pete’s Auto of Great Falls. Firestone and Pete’s Auto settled their portions of the case. The damage phase of the trial was to begin Thursday.

Mizenko’s lawsuit alleges the tread belt separated from his left rear Firestone tire, causing his 1989 Ford Bronco to crash.

Ford argued the tire failed because it was 14 years old, had been punctured, had damage to the bead and steel belt and was underinflated.

Copyright 2012 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.Email ThisPrintNewslettersTweetCategories: West NewsTopics: damage, Ford Motor Company, lawsuitHave a hot lead? Email us at newsdesk

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