Posts Tagged ‘company’

SAP ordered to pay Oracle $1.3bn in the biggest-ever award for copyright infringement

SAP, Europe’s biggest software company, has been ordered by a US court to pay Oracle $1.3bn (£820m) in the biggest-ever award for copyright infringement. View full post on UK Business Stories

ANC: Americans stole from PBMR

The US nuclear energy company Westinghouse, which had a stake in the defunct pebble bed modular rector, has been accused of theft by ANC members. View full post on Finance Stories

Rolls Royce shares fall again on engine fears

Anxiety over problems with Rolls-Royce’s jet engines saw the company’s shares slip again, shedding 16 to 595p and leaving the company the biggest faller in the FTSE 100. View full post on UK Business Stories

Coal India: the next steps

Coal India has just set a record as the biggest initial public offering, and reports suggest it has become the fourth most valuable company on the Indian Stock Exchange. View full post on Business Stories

MGM Resorts raises $486 million with debt offering

Casino company MGM Resorts International says it has raised $486 million through its offer of $500 million in notes priced slightly below face value. View full post on Business Stories

Office Depot Settles Fair Disclosure Case For $1 Million

Kris Alingod – AHN News Contributor Boca Raton, FL, United States (AHN) – Office Depot has agreed to pay $1 million to settle allegations that it violated fair disclosure laws in 2007. The Boca Raton-based company was charged with selectively informing analysts and investors that it would not meet earnings estimates and of overstating earnings […]

Sandi Majali refused bail

A court has denied bail to alleged company hijacker Sandi Majali, while the mental state of some of his co-accused is being investigated. View full post on Finance Stories

Chevron Announces Plans To Drill Deepwater Wells In Gulf Of Mexico

Oil company Chevron announced plans to drill new oil and gas wells in the Gulf of Mexico on Friday, which was only a few days after the government lifted the ban on drilling it imposed in the wake of the disastrous BP Deepwater Horizon oil well leak. View full post on Business Stories

Genzyme Investors Sue Company For Rejecting Sanofi Bid

Kris Alingod – AHN News Contributor Boston, MA, United States (AHN) – Two investors of Genzyme Corp. are suing the biotechnology company for rejecting an $18.5 billion takeover offer from Sanofi Aventis. According to Bloomberg, the investors have filed a lawsuit in a Boston court accusing Genzyme of depriving investors the right to “to receive […]

Now, Shriram Capital eyes banking foray

Shriram Capital, the holding company of the Chennai-based Shriram Group, will apply for a banking license after the Reserve Bank of India (RBI) announces the final guidelines. The bank will primarily target middle-to-low-income customers in tier II and semi urban areas. View full post on Business Stories