Jonathan Stempel And Devika Krishna Kumar

Stories by Jonathan Stempel And Devika Krishna Kumar

Facebook to face shareholder class actions over IPO

Facebook to face shareholder class actions over IPO

Rediff.com   30 Dec 2015

Facebook is appealing the class certifications, which the Menlo Park, California-based company said are "without merit" and conflict with "well-settled" precedent

Twitter to cut up to 8% of global workforce

Twitter to cut up to 8% of global workforce

Rediff.com   13 Oct 2015

The layoffs will mainly be in the company's product and engineering functions.

By hiring more women, Tim Cook plans to boost diversity at Apple

By hiring more women, Tim Cook plans to boost diversity at Apple

Rediff.com   14 Aug 2015

Apple Inc said it had hired over 11,000 women globally in the past year - 65 per cent more than the previous year - to boost employee diversity.

Microsoft to cut 7,800 jobs

Microsoft to cut 7,800 jobs

Rediff.com   8 Jul 2015

Microsoft Corp said on Wednesday it would cut 7,800 jobs and write down about $7.6 billion related to its Nokia handset business, which it acquired in 2014.

Buffett donates record $2.84 billion to Gates, family charities

Buffett donates record $2.84 billion to Gates, family charities

Rediff.com   7 Jul 2015

Buffett typically makes his donations in July, reducing the number of shares by 5 percent from the prior year.

TCS accused in US lawsuit of South Asian bias

TCS accused in US lawsuit of South Asian bias

Rediff.com   17 Apr 2015

Steven Heldt said 95 per cent of Tata's 14,000-person US workforce descend from South Asia.

Apple Watch is sleek and stylish but not for everyone

Apple Watch is sleek and stylish but not for everyone

Rediff.com   9 Apr 2015

Loading an app required the watch to pull tremendous amounts of data from iPhones.

Snapdeal buys Freecharge in mobile transactions push

Snapdeal buys Freecharge in mobile transactions push

Rediff.com   8 Apr 2015

Snapdeal said on Wednesday it bought online mobile recharge firm Freecharge for an undisclosed amount.

Warren Buffett looks to succession, signals future growth problems

Warren Buffett looks to succession, signals future growth problems

Rediff.com   2 Mar 2015

Greg Abel and Ajit Jain would be prime candidates

Warren Buffett to buy Duracell from Procter & Gamble

Warren Buffett to buy Duracell from Procter & Gamble

Rediff.com   14 Nov 2014

Berkshire has owned P&G stock since P&G bought Gillette Co in 2005. Buffett had invested in Gillette since 1989.

Android co-founder Andy Rubin to leave Google

Android co-founder Andy Rubin to leave Google

Rediff.com   31 Oct 2014

Google Inc said on Thursday that Andy Rubin, co-founder of its Android mobile business and head of its nascent robotics effort is leaving the company.

Pfizer, Ranbaxy win dismissal of lawsuit over generic Lipitor

Pfizer, Ranbaxy win dismissal of lawsuit over generic Lipitor

Rediff.com   13 Sep 2014

Pfizer Inc and Ranbaxy Laboratories Ltd on Friday won dismissal of a U.S. antitrust lawsuit accusing them of conspiring to delay sales of generic versions of the best-selling cholesterol drug Lipitor.

Berkshire Hathaway stock hits new milestone at $200,000

Berkshire Hathaway stock hits new milestone at $200,000

Rediff.com   16 Aug 2014

Some analysts view as a microcosm of the US economy.

Apple, Google, 2 others to pay $325 mln to settle hiring lawsuit

Apple, Google, 2 others to pay $325 mln to settle hiring lawsuit

Rediff.com   24 May 2014

Employees accused them of limiting competition by colluding not to poach each other's talent.

Twitter hit with $124 mn lawsuit over private stock sale

Twitter hit with $124 mn lawsuit over private stock sale

Rediff.com   31 Oct 2013

In a lawsuit filed in US District Court in Manhattan, Precedo Capital Group Inc and Continental Advisors SA accused Twitter of using the aborted sale as a means to give the money-losing company a $10 billion market valuation and higher IPO price.

Rajat Gupta fined, banned in SEC case

Rajat Gupta fined, banned in SEC case

Rediff.com   18 Jul 2013

The Gupta case is SEC v. Gupta, US District Court, Southern District of New York, No. 11-07566.

Authors lose class status in Google digital books case

Authors lose class status in Google digital books case

Rediff.com   2 Jul 2013

Google Inc notched a legal victory in its bid to create the world's largest digital books library, winning the reversal of a court order that had allowed authors challenging the project to sue as a group.

Conviction of Galleon's Raj Rajaratnam upheld

Conviction of Galleon's Raj Rajaratnam upheld

Rediff.com   24 Jun 2013

The court rejected Rajaratnam's arguments that wiretap evidence in his case should have been suppressed.

Warren Buffett says US economy on mend

Warren Buffett says US economy on mend

Rediff.com   6 May 2013

Buffett said the economy is benefiting from improvement in areas that had not previously performed well, particularly homebuilding.

Trader admits fraud in $1 billion Apple stock scheme

Trader admits fraud in $1 billion Apple stock scheme

Rediff.com   17 Apr 2013

A former Rochdale Securities trader whose unauthorised purchase of about $1 billion of Apple Inc stock caused the demise of the company pleaded guilty to fraud and conspiracy.