Wal-Mart Dumping Case Reaches A Monetary Settlement
May 8th, 2010 - 9:20 pm ICT by Pen Men At Work
May 8, 2010 (Pen Men at Work): Wal-Mart Stores Inc. has consented to shell out $27.6 million to resolve the case of Wal-Mart unsuitably dumping unsafe waste at stores across California. Bonnie ... Read more...
Posted in Business |
Barack Obama instructs Wall Street
April 23rd, 2010 - 8:36 pm ICT by Pen Men At Work
April 23, 2010 (Pen Men at Work): US President Barack Obama was in New York advocating the enactment of a legislation that he claims would manage the perilous practices that had ... Read more...
US stocks plunge on Dubai’s debt woes
November 28th, 2009 - 6:23 am ICT by IANS
New York, Aug 28 (DPA) US stocks slumped during a shortened trading day Friday amid a debt crisis in Dubai that sparked similar sell-offs in other world markets.
Bank of America warned that ... Read more...
Posted in Business |
Snoop Dogg opens Wall Street trading
November 17th, 2009 - 12:43 am ICT by IANS
London, Nov 16 (IANS) American rapper-actor Snoop Dogg opened trading at the New York Stock Exchange Monday, as part of a global drive to encourage young people to enter the business world.
The ... Read more...
Posted in Entertainment |
US investor Warren Buffett makes record rail investment
November 4th, 2009 - 12:12 am ICT by IANS
New York, Nov 3 (DPA) Legendary US investor Warren Buffett has spent a record $44 billion buying an American rail freight company, in the largest transaction in the history of his Berkshire ... Read more...
Posted in Business |
Alcoa posts a 3% profit in the 3rd quarter
October 10th, 2009 - 1:17 am ICT by Aishwarya Bhatt
New York, Oct 9 (THAINDIAN NEWS) In a surprise development, US economy is looking up because out of the blue, Aluminum producer Alcoa announced a 3 percent profit when a loss ... Read more...
Posted in Business |
Iconic cooking medium brand Dalda makes a comeback
September 7th, 2009 - 7:52 pm ICT by IANS
New Delhi, Sep 7 (IANS) Dalda, the iconic Indian brand once synonymous with hydrogenated cooking mediums or "vanaspati ghee", has been given a new identity and makeover after 75 years with its ... Read more...
Posted in Business |
SEC Targets Flash Trading
August 5th, 2009 - 9:11 pm ICT by GD
The NYSE will gain more than anyone else due to resultantshift on the trading scene if Flash trading is banned,reports say. Flash trading is a practice which is supposedly gives a split ... Read more...
Posted in Business |
Canadian markets cross 11,000 mark first time in 2009
August 5th, 2009 - 10:39 am ICT by IANS
Toronto, Aug 5 (IANS) Canadian markets crossed the 11,000-point mark Tuesday for the first time in 2009.
The last time the composite index on the Toronto Stock Exchange (TSX) stood at this ... Read more...
Posted in Business |
Tens of thousands of South Korean computers set to self-destruct on Friday
July 10th, 2009 - 2:21 am ICT by admin
SEOUL (BNO NEWS) -- Ten of thousands of virus-contaminated personal computers in South Korea are programmed to "self-destruct" on Friday, government officials warn.The warning comes after a third consecutive day of cyber ... Read more...
Posted in Sci-Tech |
Cyber terrorists target South Korea again
July 10th, 2009 - 1:22 am ICT by John Le Fevre
South Korean websites are again under attack from cyber terrorists, with one of the country’s biggest banks, a leading national newspaper and South Korea’s National Intelligence Service, all being targeted.The attacks are ... Read more...
Posted in Sci-Tech |
US suspects North Korea was behind cyber attacks
July 9th, 2009 - 4:30 am ICT by IANS
Washington, July 9 (DPA) The US believes North Korea was responsible for a massive cyber attack on government and other websites during the past week, Fox News reported Wednesday.
An unnamed US defence ... Read more...
Posted in World |
New York Stock Exchange website experiences cyber attack
July 9th, 2009 - 1:44 am ICT by admin
NEW YORK CITY (BNO NEWS) -- The website of the New York Stock Exchange has been the subject of a cyber attack, a spokesman said on Wednesday."NYSE Euronext has been informed by ... Read more...
Posted in Business |
Hackers Target Key US Government Computer Systems
July 9th, 2009 - 1:26 am ICT by John Le Fevre
Information technology experts in the US are still attempting to repair damage caused to key government computer systems, including the Pentagon and the National Security Agency, by internet hackers on July 4.The ... Read more...
Posted in Technology Industry News |
Satyam to delist shares from Euronext Amsterdam
April 14th, 2009 - 8:22 pm ICT by IANS
Hyderabad, April 14 (IANS) Fraud-hit Satyam Computer Services has filed an application with the New York Stock Exchange (NYSE) to delist its American depository shares traded on Euronext Amsterdam, the company said ... Read more...
Posted in Business |
Satyam informs market regulator on bidding process
March 25th, 2009 - 12:06 am ICT by IANS
Hyderabad, March 24 (IANS) Scam-hit Satyam Computer Services Ltd has informed the Securities Exchange Board of India (SEBI) on its bidding process under the market regulator's amended takeover regulations for selecting ... Read more...
Posted in Business |
Sterlite to buy US copper mining firm for $1.7 bn
March 7th, 2009 - 7:00 pm ICT by IANS
Mumbai, March 7 (IANS) Sterlite Industries India, a subsidiary of London-based Vedanta Resources run by industrialist Anil Agarwal, Saturday said it was acquiring the assets of the bankrupt US copper mining firm ... Read more...
Posted in Business |
Satyam gets regulator’s nod to auction 51 percent stake (Lead)
March 6th, 2009 - 2:26 pm ICT by IANS
Mumbai, March 6 (IANS) Hyderabad-based Satyam Computer Services has secured the nod from the India's markets regulator to sell 51-percent majority stake by way of a global auction to put the software ... Read more...
Posted in Business |
Markets slip at opening bell
February 24th, 2009 - 11:56 am ICT by IANS
Mumbai, Feb 24 (IANS) Indian equities fell at the opening bell Tuesday with a key index starting trade lower than its last closing figure.
The Bombay Stock Exchange (BSE) Sensitive Index (Sensex) opened ... Read more...
Posted in Uncategorized |
Satyam new management scouting for investors, open to sell-off (Roundup)
January 8th, 2009 - 10:41 pm ICT by IANS
Hyderabad, Jan 8 (IANS) As corporate India, particularly the IT industry, Thursday assessed the damage to Brand India caused by the Rs.70-billion financial fraud of Satyam Computer founder B. Ramalinga Raju, the ... Read more...
Posted in Business |
BSE de-lists Satyam, Sun Pharma replaces scrip on Sensex (Lead)
January 8th, 2009 - 8:46 pm ICT by IANS
Mumbai, Jan 8 (IANS) Scam-tainted Satyam Computer has been de-listed by the Bombay Stock Exchange (BSE) with effect from Jan 12, the BSE said in a statement Thursday.The scrip closed at Rs.39.95 ... Read more...
Posted in Uncategorized |
Satyam faces class action lawsuit in US
January 8th, 2009 - 11:28 am ICT by IANS
Washington, Jan 8 (ANS) A US law firm has filed class action law suit against Satyam Computer Services Ltd. in a New York court on behalf of those who purchased the Indian ... Read more...
Posted in Sci-Tech |
New York Stock Exchange halts trading in Satyam stock
January 8th, 2009 - 12:20 am ICT by IANS
Hyderabad, Jan 7 (IANS) The New York Stock Exchange Wednesday halted trading in the stock of beleaguered Satyam Computer Services prior to the opening of the market at 9.30 a.m. US eastern ... Read more...
Posted in Uncategorized |
The rise, rise and fall of Satyam
January 7th, 2009 - 8:03 pm ICT by IANS
Hyderabad, Jan 7 (IANS) Satyam founder B. Ramalinga Raju, who shocked India by admitting massive fraud over several years, was the Ernst and Young Entrepreneur of the Year in 2007 and the ... Read more...
Posted in Business |
Satyam top brass had to know about fraud: Analysts
January 7th, 2009 - 5:39 pm ICT by IANS
Hyderabad, Jan 7 (IANS) Satyam Computers founder-chairman B. Ramalinga Raju, who opened a Pandora's box Wednesday by revealing inaccuracies in his company's balance sheet to the tune of Rs.4,578 crore (Rs.40 billion ... Read more...
Posted in Uncategorized |
US stocks edge higher on quiet, abbreviated trading day
December 25th, 2008 - 8:15 am ICT by IANS
New York, Dec 25 (DPA) US stocks made modest gains Wednesday on a shortened trading day ahead of the Christmas holiday, after consumer spending fell less than expected in November.The US Commerce ... Read more...
Posted in World |
Satyam’s UK client files lawsuit over aborted Maytas buyout
December 19th, 2008 - 9:09 pm ICT by IANS
Bangalore/Mumbai, Dec 19 (IANS) A British firm, which is an old client of Satyam Computer Services, Friday filed a lawsuit in a US county court against the software major's top brass over ... Read more...
Posted in Uncategorized |
Analysts, investors wary of Satyam’s volte-face on Maytas (Roundup)
December 17th, 2008 - 9:56 pm ICT by IANS
Bangalore/Mumbai/Hyderabad/New Delhi, Dec 17 (IANS) Satyam Computers' bid to buy out Maytas Properties and Maytas Infra has not gone down well with analysts, industry trackers and investors."Though Satyam attempted to wriggle out ... Read more...
Posted in Uncategorized |
Satyam scrip plunges though it calls off Maytas deal (Lead)
December 17th, 2008 - 1:39 pm ICT by IANS
Hyderabad/Mumbai, Dec 17 (IANS) Shares of Satyam Computer fell sharply by over 26.53 percent though it called off the proposed acquisition of promoter group companies Maytas Properties and Maytas Infra at a ... Read more...
Posted in Uncategorized |
Under fire from investors, Satyam calls off Maytas deal
December 17th, 2008 - 11:56 am ICT by IANS
Hyderabad, Dec 17 (IANS) Bowing to pressure from shareholders, Satyam Computer Services Limited Wednesday called off the deal to acquire Maytas Properties and take 51 percent stake in Maytas Infra for $1.5 ... Read more...
Posted in Uncategorized |
Satyam founder Raju under fire for bid to buy sons’ firms (Roundup)
December 17th, 2008 - 12:55 am ICT by IANS
Bangalore, Dec 16 (IANS) India's fourth largest IT bellwether Satyam Computers Services late Tuesday drew a barrage of criticism after it announced a decision to spend $1.6 billion (Rs.79.2 billion) to buy ... Read more...
Posted in Sci-Tech |
Satyam bid for Maytas draws brickbats (Lead)
December 17th, 2008 - 12:15 am ICT by IANS
Bangalore, Dec 16 (IANS) India's fourth largest IT bellwether Satyam Computer Services late Tuesday drew a barrage of criticism after it announced a decision to spend $1.6 billion (Rs.79.2 billion) to buy ... Read more...
Posted in Sci-Tech |
Markets open lower as US auto bailout fails
December 12th, 2008 - 1:18 pm ICT by IANS
Mumbai, Dec 12 (IANS) Investors woke up to a weak stock market as sentiments plummeted with a failed bailout of the US auto industry and a key Indian market opening with a ... Read more...
Posted in Uncategorized |
Indian equities turn negative after opening high
December 11th, 2008 - 1:22 pm ICT by IANS
Mumbai, Dec 11 (IANS) A key index of the Indian equities markets dipped two hours into trading after climbing since the opening bell and was around 9,592.The 30-share sensitive index (Sensex) of ... Read more...
Posted in Uncategorized |
Equities open on positive note, post modest gains
December 10th, 2008 - 1:00 pm ICT by IANS
Mumbai, Dec 10 (IANS) Indian equities markets opened a little better than their previous close Monday as a key index climbed 1.82 percent or 167 points.Two hours into trading, the 30-share sensitive ... Read more...
Posted in Business |