Key Indian-American insider trading witness avoids jail
July 20th, 2012 - 11:46 am ICT by IANS
New York, July 20 (IANS) Anil Kumar, a former Indian American McKinsey executive, avoided jail time after prosecutors hailed his "extraordinary" cooperation leading to the conviction of hedge fund billionaire ... Read more...
Posted in World |
Chipmaker AMD to cut workforce
November 4th, 2011 - 2:13 pm ICT by IANS
San Francisco, Nov 4 (IANS) Computer chipmaker Advanced Micro Devices Inc. (AMD) said it plans to cut its global workforce by about 10 percent in a move to reduce operational ... Read more...
Posted in Business |
Rajaratnam used Indian-American ‘corporate spies’: Prosecution
April 21st, 2011 - 12:26 pm ICT by IANS
New York, April 21 (IANS) Hedge fund tycoon Raj Rajaratnam set out "to conquer the stock market at the expense of the law" using what they called his "corporate spies" ... Read more...
Posted in Business |
Rajaratnam’s lawyers rest case, prosecutors end with new wiretap
April 19th, 2011 - 11:16 am ICT by IANS
New York, April 19 (IANS) As hedge fund tycoon Raj Rajaratnam's lawyers rested their case with a finance professor's testimony that he did not trade on inside information, prosecutors played ... Read more...
Posted in World |
Rajaratnam character witness paid millions: Prosecution
April 15th, 2011 - 10:24 am ICT by IANS
New York, April 15 (IANS) Two character witnesses who came forward to testify that inside-trade charges against hedge fund tycoon Raj Rajaratnam are untrue may have been paid millions of ... Read more...
Posted in Business |
Rajaratnam made $63.8 mn through inside trading
April 7th, 2011 - 10:45 am ICT by IANS
New York, April 7 (IANS) Hedge fund tycoon Raj Rajaratnam gained $63.8 million through trading with tips from among others two Indian Americans, an FBI agent testified as prosecutors rested ... Read more...
Posted in Business |
Indian American tipsters helped Rajaratnam make millions: FBI
April 6th, 2011 - 12:59 pm ICT by IANS
New York, April 6 (IANS) A US Federal Bureau of Investigation (FBI) agent has testified how hedge fund tycoon Raj Rajaratnam made millions thanks to secret tips from company insiders ... Read more...
Posted in Business |
Jokester Rajaratnam was just kidding: Defence
March 26th, 2011 - 10:21 am ICT by IANS
New York, March 26 (IANS) Hedge fund billionaire Raj Rajaratnam was merely joking when he told his close Indian American pal and Intel executive Rajiv Goel he once gave two ... Read more...
Posted in Business |
Indian American executive tipped Rajaratnam for 5 years
March 15th, 2011 - 10:55 am ICT by IANS
New York, March 15 (IANS) Anil Kumar, a former Indian American McKinsey & Co executive, has testified that he secretly provided billionaire hedge fund tycoon Raj Rajaratnam with inside information ... Read more...
Posted in World |
Trial delayed in Indian American insider trading case
February 11th, 2011 - 2:50 pm ICT by ANI
New York, Feb. 11 (ANI): A federal court judge in Manhattan on Thursday postponed the start date for the securities fraud trial of Galleon Group founder Raj Rajaratnam until March 8.According to ... Read more...
Posted in World |
AMD unveils new chip for powering computer applications
February 1st, 2011 - 9:44 pm ICT by IANS
Bangalore, Feb 1 (IANS) Leading chip maker Advanced Micro Devices (AMD) Tuesday unveiled its latest microprocessor to power computer applications with more features, including graphics."The new single die design (chip) combines the ... Read more...
Posted in Sci-Tech |
Former IBM Exec Robert Moffat Sentenced to 6 Months, $50,000 Fines
September 14th, 2010 - 10:52 pm ICT by Angela Kaye Mason
Sep 14 (THAINDIAN NEWS) Robert Moffat spent 31 years working for IBM and is now facing six months in prison after he plead guilty in March, and admitted that he has given ... Read more...
Posted in Technology Industry News |
Intel’s Sandy Bridge chipset ‘to revolutionise PC market’
September 14th, 2010 - 1:06 pm ICT by ANI
London, Sep 14 (ANI): The world's biggest chipmaker, Intel, is set to shake up the PC market with its new chipset, code-named Sandy Bridge.Sandy Bridge is Intel's first architecture to merge a ... Read more...
Posted in Health Science |
Dell to pay $100 million as fines to the SEC
July 23rd, 2010 - 8:44 pm ICT by Aishwarya Bhatt
San Francisco, July 23 (THAINDIAN NEWS) Dell has been fined over $100 million by the Securities Exchange Commission (SEC) for fraudulent financial practices. The SEC announced this on Thursday.The company ... Read more...
Posted in Technology Industry News |
Former IBM senior executive pleaded guilty to revealing company information for an illegal transactions
March 30th, 2010 - 2:28 am ICT by BNO News
NEW YORK CITY (BNO NEWS) – A former IBM senior executive pleaded guilty to revealing company private information, prosecutors said Monday.Robert Moffat, Jr., 53, resides in Ridgefield, Connecticut, and is a former ... Read more...
Posted in Technology Industry News |
US sues Intel over anti-competitive conduct
December 17th, 2009 - 8:22 am ICT by IANS
Washington, Dec 17 (DPA) The US Federal Trade Commission sued Intel Wednesday alleging that the computer chip-making giant used anti-competitive practices to maintain its dominance.
The suit claimed that the Silicon Valley pioneer ... Read more...
Posted in Business |
Intel to pay $1.25 bn to settle AMD dispute
November 13th, 2009 - 8:28 am ICT by IANS
San Francisco, Nov 13 (DPA) Intel is to pay smaller rival Advanced Micro Devices $1.25 billion to settle claims that the computer-chip giant violated antitrust and patent laws, the companies said.
The move ... Read more...
Posted in Business |
Intel to pay $1.25 bn to settle AMD dispute
November 13th, 2009 - 12:46 am ICT by IANS
San Francisco, Nov 12 (DPA) Computer chip giant Intel is to pay smaller rival Advanced Micro Devices $1.25 billion to settle claims that it violated anti-trust and patent laws, the companies said ... Read more...
Posted in Business |
Intel to pay $1.25 billion to AMD to settle dispute
November 12th, 2009 - 10:29 pm ICT by Aishwarya Bhatt
New York, Nov 12 (THAINDIAN NEWS) The world’s two largest computer processor makers settled their dispute today that that being going on for years. Intel Corp. agreed to pay Advanced Micro ... Read more...
Posted in Business |
EU anti-trust fines exceeded $14 bn in 2004-09
August 20th, 2009 - 12:06 am ICT by IANS
Brussels, Aug 19 (DPA) The total amount of fines slapped by the European Commission on businesses found guilty of violating its anti-trust rules since 2004 has exceeded the 10 billion euro ($14 ... Read more...
Posted in Business |
AMD targets Indian market with six-core server processor
June 2nd, 2009 - 7:27 pm ICT by IANS
Bangalore, June 2 (IANS) Global chip maker Advanced Micro Devices (AMD) bets on Indian market for hard-selling its latest chipset with six-core server processor that is set to deliver more performance per ... Read more...
Posted in Business |
Intel slammed by EU and fined $1.45 billion for illegal tactics
May 13th, 2009 - 8:42 pm ICT by John Le Fevre
Intel, the world’s largest computer chip manufacturer has been fined a record €1.06 billion (about $US1.45 billion) by the European Union (EU) for using illegal sales tactics to block rival Advanced ... Read more...
Posted in Technology Industry News |
EU slaps record $1.45-billion fine on Intel (Lead)
May 13th, 2009 - 5:51 pm ICT by IANS
Brussels, May 13 (DPA) The European Commission Wednesday levied a record 1.06-billion-euro ($1.45-billion) fine on US computer chipmaker Intel for bribing retailers and manufacturers to shut its main rival out of European ... Read more...
Posted in Business |
EU slaps record $1.45 billion fine on Intel
May 13th, 2009 - 4:47 pm ICT by IANS
Brussels, May 13 (DPA) The European Commission Wednesday levied a record 1.06 billion-euro ($1.45-billion) fine on Intel after finding the US computer chipmaker guilty of using illegal practices to squeeze its main ... Read more...
Posted in Business |
Profits slump at world’s top chipmaker Intel
April 15th, 2009 - 1:42 pm ICT by IANS
By Arun Kumar
Washington, April 15 (IANS) World's largest chipmaker Intel Corp said its first-quarter profit dropped 55 percent amid a weak market for personal computers, but the firm still topped Wall Street's ... Read more...
Posted in World |
Malaysians set world record for non-stop gaming
April 13th, 2009 - 4:42 pm ICT by ANI
Cyberjaya, Apr. 13 (ANI): Malaysian gamers have achieved world record by playing video games for 40 hours non-stop.It took more than 1,500 cans of energy drink and 274 people to beat their ... Read more...
Posted in World |
Intel may stop rival AMD from making chips
March 17th, 2009 - 1:15 pm ICT by IANS
San Francisco, March 17 (DPA) Intel Corporation has warned rival chip maker AMD (Advanced Micro Devices) that its licence to make personal-computer chips could be revoked because it spun out its manufacturing ... Read more...
Posted in Sci-Tech |
World Champion Anand gets new technology to better his chess
December 22nd, 2008 - 9:55 pm ICT by IANS
Bangalore, Dec 22 (IANS) World champion Viswanathan Anand was honoured for defending his world chess title by his sponsors Advanced Micro Devices (AMD) with a top-of the line gaming computer here Monday. ... Read more...
Posted in Sports |
AMD unveils new chip for server platform
November 13th, 2008 - 8:11 pm ICT by IANS
Bangalore, Nov 13 (IANS) Leading chipmaker Advanced Micro Devices (AMD) Thursday unveiled a more powerful chip based on 45 nm (nanometre) quad-core Opteron processor, codenamed 'Shanghai', for server platform."The Opteron processor gives ... Read more...
Posted in Uncategorized |
Advanced Micro Devices sells off manufacturing units to UAE firm
October 7th, 2008 - 9:00 pm ICT by IANS
Dubai, Oct 7 (IANS) Leading American chip maker Advanced Micro Devices (AMD) has spun off its manufacturing facilities to a United Arab Emirates (UAE)-based company to create a new semiconductor manufacturing firm.Advanced ... Read more...
Posted in Uncategorized |
Indian techie charged with stealing secret Intel documents
September 18th, 2008 - 6:49 pm ICT by IANS
New York, Sep 18 (IANS) An Indian techie has been charged with stealing sensitive Intel documents while working for rival company AMD (Advanced Micro Devices).The criminal complaint against Biswamohan Pani, former design ... Read more...
Posted in World |
West Bengal completes rural e-governance project
September 15th, 2008 - 9:30 pm ICT by IANS
Kolkata, Sep 15 (IANS) The West Bengal government, in association with microprocessor manufacturing major Advanced Micro Devices (AMD), Monday announced successful completion of rural e-governance programme in the state.To bridge the digital ... Read more...
Posted in Uncategorized |
Advanced Micro Devices to focus on Indian computer market
September 15th, 2008 - 8:55 pm ICT by IANS
Kolkata, Sep 15 (IANS) Global computer-microprocessor manufacturer Advanced Micro Devices (AMD) Monday described India as an "investment hub" and said it would give more focus on the Indian computer market in the ... Read more...
Posted in Sci-Tech |
Chip-maker AMD reports sixth quarterly loss in a row
April 18th, 2008 - 5:51 pm ICT by admin
San Francisco, April 18 (IANS) One of the world's biggest chip maker Advanced Micro Devices (AMD) posted its sixth consecutive quarterly loss, but the company executives vowed a return to profitability in ... Read more...
Posted in World |
Chip giant Intel earnings meet expectations
April 16th, 2008 - 8:11 am ICT by admin
DPA
San Francisco, April 16 (DPA) Intel reported income and earnings in line with Wall Street expectations Tuesday, calming investor jitters about how the global slowdown would affect the world's biggest semiconductor maker. ... Read more...
Posted in World |