Facebook's COO Sandberg donates $31 million to charity

Facebook's COO Sandberg donates $31 million to charity

After Facebook CEO and his wife making a pledge in December to give away 99 percent of their stock over their lifetime, the social networking giant's COO Sheryl Sandberg has decided to donate $31 million in Facebook stock to charity, the media reported on Friday.

Dr Reddy's accused of making false claims about financials, shares slump 7%

Dr Reddy's accused of making false claims about financials, shares slump 7%

US-based law firm Lundin Law, which specialises in securities litigations is investigating claims against Dr Reddy's Laboratories for possible violations of federal security laws, which the drug maker has denied.

Twitter new source of funds for start-ups

Twitter new source of funds for start-ups

Coming as a shot in the arm for fledgling businesses, the US Securities and Exchange Commission has given its nod to start-ups for using the social network to drum up interest in future stocks and debt offerings, engadget.com reported.

Logitech sets aside $3.25 mn to cover possible SEC penalty

The maker of computer accessories also said it would see an increase of $0.5 million in inventory and accrual for a balance sheet reclassification and a change of $0.3 million in deferred tax assets tied to these changes.

SEC probes Bank of America over customer funds: Source

The Securities and Exchange Commission is investigating Bank of America to see whether it broke rules by speculating with its customers` funds, a person close to the matter said Tuesday.

SEC charges India-origin person for share sale fraud

US market regulator SEC has charged India-origin Vinay Kumar Nevatia for fraudulent sale of shares to the tune of USD 900,000 by claiming that he owned these stocks.

US SEC to pay $30 million-plus in largest whistleblower award

An anonymous tipster living abroad will be receiving more than $30 million.

Ex-Goldman director Gupta loses appeal of $13.9 mn fine, heads to prison

A unanimous three-judge panel said on Tuesday that the standard in a criminal context was different from that in a civil case.

Gupta approaches apex court in last-ditch effort to avoid jail

Gupta, 65, convicted in 2012 of passing confidential board room information to his friend and business associate Raj Rajaratnam, is scheduled to begin his two-year prison term on June 17.

Google may soon add ads to refrigerators, car dashboards

Tech giant Google could be soon delivering place on refrigerators, car dashboards and even thermostats.

Ex BP-employee settles US insider-trading charges

A former BP employee who was a coordinator during the 2010 oil spill in the Gulf of Mexico has agreed to settle federal charges of using confidential information on the seriousness of the spill to profit illegally from trading in BP stock.

Rajat Gupta seeks re-hearing of insider trading conviction

In a unanimous ruling last month, the panel of the appeals court had rejected Gupta's bid for a new trial and upheld his 2012 conviction and sentence.

Rajat Gupta asks court to rethink $13.9 mn penalty

India-born former Goldman Sachs director Rajat Gupta has asked a US court to reconsider its order asking him to pay USD 13.9 million in civil penalties in the insider trading case, arguing it was unnecessary given the heavy criminal punishment imposed on him.

Morgan Stanley set to pay $275 mn to settle SEC probe

US banking giant Morgan Stanley on Tuesday said it would pay USD 275 million to settle a Securities and Exchange Commission probe of mortgage-backed securities deals.

Credit Suisse admits US securities wrongs, pays fine

Swiss banking giant Credit Suisse has admitted it violated US securities laws and will pay $196 million to settle the charges, the Securities and Exchange Commission said Friday.

KPMG to pay $8.2 million to settle SEC charges

KPMG has reportedly agreed to pay a whopping 8.2 million dollars to settle SEC charges.

Carl Icahn takes another $500 million bite out of Apple

Activist investor Carl Icahn picked up another USD 500 million of Apple Inc shares on Thursday to take his investment in the iPhone maker to USD 3.6 billion, while ratcheting up his months-long campaign to pry open the company`s cash hoard.

JP Morgan's hiring practices in India, Singapore under scrutiny

A report in the New York Time said that the federal investigation into the hiring practices of JPMorgan Chase appears to be expanding beyond China into other Asian markets.

Nasdaq suspends trading on technical problems

Nasdaq today suspended trading of all stocks and options due to technical problems.

Former officials of Chinese company charged with fraud in US

Wang Hongjun and Chao Jiang were indicted on May 23 with conspiracy to commit wire and securities fraud and four counts of securities fraud.