securities and exchange commission

HP plans to cut 2,000 more jobs


September 11th, 2012 - 6:03 pm ICT by IANS
San Francisco, Sep 11 (IANS) Hewlett-Packard (HP) plans to cut 2,000 more jobs, expanding total job cuts to nearly 29,000 in its latest reorganization efforts, the company said in a ... Read more...

Posted in Sci-Tech |

Facebook CEO commits to lock his stock for 12 months


September 5th, 2012 - 4:12 pm ICT by IANS
San Francisco, Sep 5 (IANS) Facebook CEO Mark Zuckerberg has no intention to sell his stock for at least 12 months, said the social network company in a regular ... Read more...

Posted in Sci-Tech |

Oracle to pay $2 mn fine over India bribery charge


August 17th, 2012 - 12:03 pm ICT by IANS
Washington, Aug 17 (IANS) Software giant Oracle has agreed to pay $2 million to settle US regulators' charges that its Indian subsidiary violated foreign anti-bribery laws by secretly setting aside ... Read more...

Posted in World |

Motorola Mobility to cut 4,000 jobs


August 14th, 2012 - 1:24 pm ICT by IANS
San Francisco, Aug 14 (IANS) Google has confirmed that Motorola Mobility, now a wholly-owned subsidiary of the internet search giant, will cut about 4,000 jobs or 20 percent of its ... Read more...

Posted in Sci-Tech |

Google to cut 4,000 jobs at Motorola Mobility


August 14th, 2012 - 3:00 am ICT by BNO News
MOUNTAIN VIEW, CALIFORNIA (BNO NEWS) -- Internet giant Google, Inc. on Monday said it plans to cut approximately 4,000 jobs at telecommunications company Motorola Mobility, which it acquired last year, according to ... Read more...

Posted in Technology Industry News |

Apple to buy mobile security firm


July 28th, 2012 - 1:23 pm ICT by IANS
San Francisco, July 28 (IANS) AuthenTec, a US mobile and network security provider, announced Friday that it has agreed to be acquired by Apple.In regulatory filings with the US Securities ... Read more...

Posted in Sci-Tech |

McDonald’s net income goes down


July 24th, 2012 - 1:06 pm ICT by IANS
Chicago, July 24 (IANS) McDonald's Corp. reported Monday a four-percent year-over-year profit decline for the 2012 second quarter as a higher US dollar and slowing global economy affected company performance.According ... Read more...

Posted in Business |

Obama makes hay with Romney’s ‘offshoring’ record


June 27th, 2012 - 12:56 pm ICT by IANS
Washington, June 27 (IANS) President Barack Obama is having good fun over his likely Republican opponent Mitt Romney's campaign splitting hairs between "offshoring" "outsourcing" to defend his alleged export of ... Read more...

Posted in Politics |

Obama attacks Romney for shipping jobs to India


June 23rd, 2012 - 10:39 am ICT by IANS
Washington, June 23 (IANS) Seizing a news report that a company founded by Mitt Romney shipped American jobs to countries like India and China, President Barack Obama went into ... Read more...

Posted in Politics |

Indian American manager pleads guilty to insider trading


May 22nd, 2012 - 11:48 pm ICT by IANS
Washington, May 22 (IANS) A former executive at Yahoo! and a former Indian-American mutual fund manager have pleaded guilty to fraud and insider trading charges relating to deals between Yahoo and ... Read more...

Posted in World |

Facebook sets IPO price at $38


May 18th, 2012 - 5:42 am ICT by IANS
New York, May 18 (IANS) Facebook Thursday set the price for its initial public offering (IPO) at $38 per share.The price came one day before Facebook begins to trade ... Read more...

Posted in Business |

Yahoo CEO steps down


May 14th, 2012 - 6:03 am ICT by IANS
Washington, May 14 (IANS) Yahoo chief executive officer (CEO) Scott Thompson has resigned and the company has named Ross Levinsohn as interim CEO, Yahoo said Sunday.The company said its board ... Read more...

Posted in World |

Beyonce, Jolie on most powerful moms list


May 11th, 2012 - 5:21 pm ICT by IANS
Los Angeles, May 11 (IANS) Singer Beyonce Knowles and actress Angelina Jolie feature on 2012's 'most powerful moms' list, which is topped by American businesswoman Sara Blakely.The list is ... Read more...

Posted in Uncategorized |

Inadvertent error in CEO’s resume: Yahoo


May 4th, 2012 - 5:44 pm ICT by IANS
San Francisco, May 4 (IANS) Yahoo has confirmed a shareholder's allegation that its chief executive officer (CEO) Scott Thompson did not have a computer science degree as claimed, saying that ... Read more...

Posted in World |

Facebook plans to go public to raise $87bn


May 4th, 2012 - 11:25 am ICT by IANS
Washington, May 4 (IANS) Facebook will go public with a stock price of $28 to $35 to set the popular social network's valuation as high as $86.6 billion, according ... Read more...

Posted in Sci-Tech |

Sri Lanka’s bourse relaxes rule


April 20th, 2012 - 2:08 pm ICT by IANS
Colombo, April 20 (IANS) Sri Lanka's stock market opened on a positive note Friday after the removal of the 10 percent price band by the Securities and Exchange Commission (SEC), ... Read more...

Posted in South Asia |

Rajat Gupta wins a key ruling, loses on wiretaps


March 28th, 2012 - 10:52 am ICT by IANS
New York, March 28 (IANS) Goldman Sachs Group's indicted former director Rajat Gupta has won a court order requiring prosecutors to share information that might help his case, but lost ... Read more...

Posted in Business |

Indra Nooyi gets a raise, makes $17 mn in 2011


March 24th, 2012 - 10:36 am ICT by IANS
Washington, March 24 (IANS) PepsiCo's Indian-born chairman and chief executive Indra Nooyi received $17.1 million in compensation in 2011, a 5.8 percent increase from her 2010 package, according to a ... Read more...

Posted in Business |

Rajat Gupta, Rajaratnam had animosity: defence lawyer


March 3rd, 2012 - 12:27 pm ICT by IANS
New York, March 3 (IANS) The defence team of Goldman Sachs Group's Indian American director Rajat Gupta, accused of insider trading, is seeking material to show "animosity" between Gupta and ... Read more...

Posted in World |

Facebook IPO boosts growth of Chinese sites


February 3rd, 2012 - 7:52 pm ICT by IANS
Beijing, Feb 3 (IANS) Facebook's planned initial public offering (IPO) will give impetus to China's social networking sites and boost their development, industry leaders here said.Facebook filed with the ... Read more...

Posted in Business |

Facebook sees India among key growth areas


February 3rd, 2012 - 12:38 pm ICT by IANS
Washington, Feb 3 (IANS) Popular social network site Facebook, which hopes to raise at least $5 billion in one of the world's most widely anticipated IPOs, or initial public ... Read more...

Posted in Sci-Tech |

Facebook files for $5 bn IPO


February 2nd, 2012 - 3:08 pm ICT by IANS
Washington, Feb 2 (IANS/RIA Novosti) Facebook has filed for an initial public offering (IPO) to raise at least $5 billion for the world's largest social network, according to documents ... Read more...

Posted in Business |

Mahindra Satyam’s merger with Tech Mahindra next year


November 10th, 2011 - 7:15 pm ICT by IANS
Hyderabad, Nov 10 (IANS) Mahindra Satyam's merger with parent firm Tech Mahindra will take place next year, its chairman Vineet Nayyar said Thursday."It is a process. We are looking ... Read more...

Posted in Business |

Rajaratnam ordered to pay $92.8 million in a civil case


November 9th, 2011 - 12:01 pm ICT by IANS
New York, Nov 9 (IANS) After getting the longest prison sentence ever for insider trading, hedge fund tycoon Raj Rajaratnam has been ordered to pay a record $92.8 million penalty ... Read more...

Posted in Business |

Groupon IPO raises $700 million


November 4th, 2011 - 11:16 pm ICT by Aishwarya Bhatt
New York, Nov 4 (THAINDIAN NEWS) Groupon’s IPO has become the second largest Internet business. The company has generated $700 million with its initial public offering. When Google went public in 2004, ... Read more...

Posted in Technology Industry News |

Pressed to ‘wear a wire’ to trap Rajat Gupta: Raj Rajaratnam


October 25th, 2011 - 2:10 pm ICT by IANS
Washington, Oct 25 (IANS) Convicted hedge fund tycoon Raj Rajaratnam claims US prosecutors pressed him to "wear a wire" and record conversations with his Indian-American friend Rajat Gupta, Goldman Sachs ... Read more...

Posted in Business |

Citigroup to pay $285 mn to settle fraud charges


October 20th, 2011 - 3:23 am ICT by IANS
Washington, Oct 20 (IANS) Citigroup has agreed to pay $285 million to settle charges for misleading investors about a $1 billion collateralized debt obligation (CDO), the US Securities and Exchange ... Read more...

Posted in Business |

Mahindra Satyam to exit American Depository Share programme


August 10th, 2011 - 12:16 am ICT by IANS
Hyderabad, Aug 9 (IANS) Infotech major Mahindra Satyam Tuesday said it will wind down its American Depository Share (ADS) programme in 2012 due to regulatory issues with the US Securities ... Read more...

Posted in Business |

US drops charges against Rajat Gupta


August 6th, 2011 - 10:00 am ICT by IANS
Washington, Aug 6 (IANS) The US Securities and Exchange Commission has agreed to drop an administrative action against Rajat Gupta, former Indian American director of Goldman Sachs Group Inc. In ... Read more...

Posted in Business |

Mahindra Satyam reports loss due to lawsuit settlements (Lead)


May 23rd, 2011 - 8:03 pm ICT by IANS
Hyderabad, May 23 (IANS) Mahindra Satyam, formerly Satyam Computers, has posted a net loss for the quarter ended March 31, 2011, due to huge exceptional expenditure on account of ... Read more...

Posted in Business |

Mahindra Satyam merger with Tech Mahindra likely next year


May 23rd, 2011 - 6:42 pm ICT by IANS
Hyderabad, May 23 (IANS) Mahindra Satyam's merger with parent firm Tech Mahindra may take place in April-May next year, its chairman Vineet Nayyar said Monday.However, this may ... Read more...

Posted in Business |

Mahindra Satyam reports net loss due to lawsuit settlements


May 23rd, 2011 - 6:33 pm ICT by IANS
Hyderabad, May 23 (IANS) Mahindra Satyam, formerly Satyam Computers, has posted a net loss for the quarter ended March 31, 2011, due to huge exceptional expenditure on account ... Read more...

Posted in Uncategorized |

Rajat Gupta lived a double life: report


May 23rd, 2011 - 10:35 am ICT by IANS
Washington, May 23 (IANS) Rajat Gupta, a former Indian American managing director of the global consulting firm McKinsey & Co, accused by US regulators of inside trading "has lived a ... Read more...

Posted in Business |

Bangladesh floats $682 million mutual fund


May 5th, 2011 - 12:41 pm ICT by IANS
Dhaka, May 5 (IANS) The Bangladesh Fund, an open-ended mutual fund worth $682.5 million, came into operation Thursday with regulator Securities and Exchange Commission (SEC) approving its registered trust deed ... Read more...

Posted in Uncategorized |

Microsoft raises employees pay to keep ‘top talent’ and stay ahead of competition


April 23rd, 2011 - 8:14 am ICT by ANI
Redmond (Washington State, US), Apr. 23 (ANI): Software technology giant Microsoft has announced that it has raised pay for employees to retain "top talent" in the fiercely competitive market for skilled technology ... Read more...

Posted in Business |

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