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SAnDIsk_Z400s

SanDisk man tipped off his family to Fusion-io fusion, bagged $220k in share snatch – says SEC

An ex-SanDisk manager and his family have been accused in the US of insider trading after profiting from the biz's acquisition of Fusion-io. America's financial watchdog the SEC alleged [PDF] that, while working for SanDisk, Anand Jayapalan tipped off three members of his family to the deal to make a quick profit on Fusion-io …
Shaun Nichols, 1 Oct 2017
Raining money

'We accidentally hit wrong button on Dell buyout – here's $194m for the cockup'

Some former Dell shareholders can thank a voting mishap for an upcoming windfall. Investment house T Rowe Price says it will refund its clients $194m in value lost when it mistakenly supported Dell's 2013 private buyout at a deflated price. According to the finance company, a "voting error" led it to sign off on the proposed …
Shaun Nichols, 7 Jun 2016
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Top watchdog probes IBM over 'transactions in US, UK, Ireland'

IBM's stock price has taken a hit after the tech titan revealed it is under investigation by the US Securities and Exchange Commission (SEC). Big Blue said in its latest 10-Q filing that for the past two months, the financial watchdog has been looking into its accounting practices. "In August 2015, IBM learned that the SEC is …
Shaun Nichols, 27 Oct 2015

Five million people exposed in Scottrade brokerage hack

If you've bought shares using retail broker Scottrade in the last few years, you may want to get in touch with the biz because its servers have been plundered by hackers unknown. The firm only found out about the data breach when the Feds got in contact to let it know. It now appears that 4.6 million customer accounts have …
Iain Thomson, 2 Oct 2015

Report links alleged US, Israeli cybercrims with JPMorgan MEGAHACK

Federal authorities in America have charged five men who are being indirectly connected with the attack and data breach at JPMorgan Chase last summer, after the global bank, with total assets of $2.6tn, lost the contact data for millions of customers. The attack now appears to have been sourcing targets for a fraudulent …

Yahoo! Made! $8bn! In! One! Day! And! You'll! Easily! Guess! How!

Sprawling web souk Alibaba didn't see its stock-market debut go as planned on Friday. It went much better. The Chinese giant closed its first day on the US stock market with a share price of $93, up 38 per cent from its opening price of $68 per share. The offering netted the biz $21.8bn in investment, and marked the largest …
Shaun Nichols, 19 Sep 2014
Stock ticker board

Gigantic bazaar Alibaba WILL turn share price up to 11, er, $68 for biggest IPO ever in US

Chinese internet giant Alibaba has set the price of its shares to the max for what is shaping up to be the largest initial public offering (IPO) in US history. The company, which operates like a mashup of eBay and Amazon in the world's most populous country, said it will begin trading on Friday at $68 per share. At that price …
Shaun Nichols, 19 Sep 2014
Measuring up Apple

You'll never believe it: Apple stock is going for CHEAP

Frantic fanboi investors might be freaking out today as Apple stocks appear to have lost 85 per cent of their value over the weekend, with the price dropping from around $645 to an opening price of $92.22. But fear not, Apple lovers. The apparent plummet is just a bit of share shuffling to try to reignite investor interest in …
Team Register, 9 Jun 2014

Google poised to become world's first TREEELLION DOLLAR company?

Now that 2014 is up and running, you might be looking over your stock portfolio and reevaluating your investment options. If so, one analyst has a bit of advice: go long on Google, which he believes may become the world's first trillion-dollar company. That's trillion. With a "T". As pointed out in a "welcome to the new year …
Rik Myslewski, 3 Jan 2014
Samsung Diva

Seoul-blackening disappointment for Samsung backers as stock droops

Shares in Samsung Electronics fell to their lowest in four months, dropping over four per cent on Thursday, after analysts said the firm's quarterly earnings were likely to be hit by the strong won and weaker business in its display unit, according to Reuters. The Korean chaebol's stock closed down 4.6 per cent on its fifth …
Sony Rolly

Moody's eyes up Sony's debt: Hmm... junk? Bam! Shares drop 11%

Sony shares plunged 11 per cent in Tokyo overnight while ratings agency Moody's has placed the Japanese firm's debt on review for a downgrade that could take it to junk status. Sony said yesterday it was cutting its full-year profit forecast by 40 per cent after another disappointing quarter in tellies and game consoles. The …
Netflix streaming service screenshot on Samsung

Icahn trousered $700m from Netflix stock sale?! Er, it would appear so

Billionaire investor Carl Icahn has cashed in on Netflix's good fortunes, bagging profits of between $700m and $800m by selling three million shares earlier this month. Icahn bought shares in the video streaming site just over a year ago for around $58 each and sold some of them yesterday for $341.44 per share, a 457 per cent …

Former co-CEO Balsillie has cashed out all his BlackBerry stock

Whatever happens to BlackBerry from here on out, it won't make any difference to Jim Balsillie. As of Thursday, the onetime co-CEO of the mobile maker formerly known as Research in Motion no longer has any stake in the company he helped lead for 20 years. According to an SEC filing on Thursday, Balsillie now owns zero shares …
Neil McAllister, 15 Feb 2013

China's tech giants gang up on short seller

A group of 60 Chinese entrepreneurs, CEOs, investors and regional heads of global tech concerns including Microsoft and SAP has turned their collective fury on short seller Citron Research, arguing the firm is deceiving the market by finding fault in firms where there is none. The group launched an astonishing attack on Citron …
The Register breaking news

Facebook set to file motion: Will blame NASDAQ for IPOcalpyse

Facebook is planning to file a motion in the US to consolidate all its shareholder lawsuits and blame the NASDAQ stock market for its disappointing IPO. The social network is finally planning to address the 30 or so lawsuits that have been filed against it after the botched handling of its stocks' opening day and their …
The Register breaking news

Shareholder flings class action lawsuit at Groupon

The hits keep on coming for Groupon, as it now faces a shareholder lawsuit on top of another day of falling stocks, all over its materially weak accounting. Groupon shares dropped another few per cent in New York trading yesterday and now sit at their lowest point ever: $15.02. The stocks have been losing ground since the …
The Register breaking news

Tim Cook scoffs $11m slice of warm Apple pie

Tim Cook took advantage of some of his oodles of Apple stock over the end of last week, taking possession of 37,500 shares and converting them to cash. Cook sold 20,178 of the shares for a tidy profit of $11.1m, using the rest of the shares to pay off the tax and other expenses of the transactions, according to a filing with …
The Register breaking news

Biz bazaar Alibaba goes private, watches shares soar

Shares in China's Alibaba.com jumped 43 per cent today when it announced it was going private. Parent company Alibaba Group said it was going to pay shareholders HK$13.50 for their stocks, a premium of around 46 per cent on the last closing price before the announcement of HK$9.25. Shares have since spiked to HK$13.20 as …

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