SEC files notice of appeal, seeks to reverse dismissal of insider-trading case against CubanOctober 7th, 2009 SEC files notice of appeal in Cuban trading caseDALLAS — The Securities and Exchange Commission says it plans to appeal a federal judge's dismissal of the agency's insider-trading lawsuit against Mark Cuban. The SEC filed a notice Wednesday that it plans to take its case to the 5th U.S.
Judge dismisses SEC complaint against Dallas Mavericks owner Mark CubanJuly 17th, 2009 Judge dismisses SEC complaint against CubanDALLAS — A federal judge dismissed a civil insider-trading lawsuit against Dallas Mavericks owner Mark Cuban on Friday, dealing the Securities and Exchange Commission a rare high-profile setback. U.S. District Judge Sidney A.
Lawsuit accuses Mavericks owner Cuban of diverting profits from Dallas arena to his teamJuly 20th, 2009 Suit accuses Mavericks owner of diverting profitsDALLAS — Dallas Mavericks owner Mark Cuban is accused of wrongfully diverting millions of dollars from the NBA franchise's home arena to help make up for cash shortfalls incurred by the team, according to a lawsuit filed by a company controlled by the team's former owner. The lawsuit claims Cuban covered the Mavericks' financial shortfalls by obtaining more than $29 million in unauthorized loans through a limited partnership designed to distribute profits from the arena, the American Airlines Center.
Brazil's Power.com sues Facebook over access to users' informationJuly 10th, 2009 Power.com sues Facebook over access to users dataNEW YORK — A small Web company is handing the world's biggest online hangout a counterpunch. Power.com has sued Facebook, saying the site doesn't follow its own policy of giving users control over the content they share.
SEBI concludes Rajus' interrogation in jailFebruary 5th, 2009 HYDERABAD - The market regulator Securities and Exchange Board of India (SEBI) Friday concluded interrogation of disgraced Satyam Computer Services founder B. Ramalinga Raju and his brother B.
Chattanooga psychiatrist repaying insider trading profits from talks with sisterSeptember 1st, 2009 Psychiatrist repaying insider trading profitsCHATTANOOGA, Tenn. — A Chattanooga psychiatrist accused of insider trading in a complaint involving the former Covansys Corp.
Indian Software Outsourcing Major Satyam Fights To Stay ViableMarch 17th, 2009 Satyam allots 10,511 equity shares under stock option plans
MUMBAI - IT firm Satyam Computers, on Tuesday said in a filing to the Bombay Stock Exchange that it has allotted 10,511 equity shares under its stock option plans. The government appointed Satyam board gave its consent to the allotment of shares on March 13, the filing said.
Italian nun sues beau over naked Facebook picsJuly 18th, 2009 MELBOURNE - An Italian nun had to sue her cunning ex-boyfriend after he posted her naked pictures on Facebook, and refused to remove them. The 31-year-old nun, from Turin, Italy, said that she was devastated when she saw the pictures on the social networking site.
Regulator resumes questioning Ramalinga RajuFebruary 4th, 2009 HYDERABAD - The market regulator Thursday resumed questioning the disgraced Satyam Computer Services founder B. Ramalinga Raju in Chanchalguda Central Jail here over the Rs.70-billion (Rs.7,000-crore/$1.43 billion) accounting fraud at the IT bellwether.
Social networking aggregator Power.com sues Facebook over access to users' information.July 10th, 2009 Social networking aggregator sues FacebookNEW YORK — In a counterpunch to the world's biggest online hangout, a small Web company called Power.com has sued Facebook, saying it doesn't follow its own policy of giving users control over their content. Power lets users simultaneously access several social networks, including MySpace and Twitter.
Facebookers to be given greater control of personal dataApril 24th, 2009 LONDON - Social networking site Facebook has agreed to change its terms of use to give users greater control over their personal data after 75 percent voted for a revision of the terms. The site's founder Mark Zuckerberg said the site aimed to adopt a more "transparent and democratic approach".
Synopsys board authorizes new buyback program, may repurchase up to $500 million in stockSeptember 9th, 2009 Synopsys to buy back up to $500 million in stockMOUNTAIN VIEW, Calif. — Synopsys Inc., which makes software to develop and test chips, on Wednesday said its board replenished its stock repurchase authorization, allowing the company to buy back up to $500 million in common stock.
Chinese hack into Indian embassies, steal Dalai Lama's documentsMarch 29th, 2009 TORONTO - A China-based cyber spy network has hacked into government and private systems in 103 countries, including those of many Indian embassies and the Dalai Lama, an Internet research group said here Saturday. The Information Warfare Monitor (IWM), which carried out an extensive 10-month research on cyber spy activities emanating from China, said the hacked systems include the computers of Indian embassies and offices of the Dalai Lama.
Yahoo director Carl Icahn sells 12.7 million shares to reduce his company stake to 4.5 pctSeptember 1st, 2009 Icahn pares Yahoo stake with sale of 12.7M sharesSUNNYVALE, Calif. — Financier Carl Icahn, one of Yahoo Inc.'s largest stockholders, has sold 12.7 million shares to whittle his holdings in the slumping Internet company down a percentage point to a 4.5 percent stake.
Nortel bankruptcy pulls down Indian IT stocksJanuary 14th, 2009 MUMBAI - Indian IT firms received another jolt Thursday when Canada-based Nortel Networks, one of North America's largest telecom equipment firm and an important client for outsourcing firms here, filed for bankruptcy. Among the biggies of Indian outsourcing firms that are expected to bear the heat of the development are Tata Consultancy Services (TCS), Wipro, Infosys and Sasken Communication Technologies, industry sources said.
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