Wal-Mart said in its annual report, filed with the US Securities and Exchange Commission, that it could not estimate how much loss would come to because of the complexity of the related probes and internal review.
Warren Buffett, chairman and chief executive officer of Berkshire Hathway, has received a total compensation of $519,490 (Rs 2.36 crore) for 2009, including a salary of $100,000 that has remained unchanged for more than 25 years.
Also to be questioned under oath by lawyers of the SEC and Gupta is Greg Ormond of Exemplar Wealth.
Since the start of the year, the PE player has no board representation in the company.
Facebook, which has about 800 million users worldwide, is currently in 'internal discussions' with US regulator Securities and Exchange Commission regarding the timing of its initial public offering, the Wall Street Journal quoted people familiar with the matter as saying.
The team will then proceed for discussions with the government-appointed Board of Satyam Computer Services in Hyderabad on Thursday to assess the present status of India's fourth- largest software firm. Following the confessions of Satyam's founder and former chairman B Ramalinga Raju that he had cooked up the firm's balance-sheet for several years, US investors have filed over a dozen law suits against the company in various US courts.
The SEC has charged Citigroup's principal US broker-dealer subsidiary with misleading investors about the $1 billion derivatives deal tied to the US housing market.
Infosys Technologies, India's second largest information technology services firm, has discontinued some of its loan schemes for employees.
BlackRock has again reduced the valuation of its share in edtech firm Byju's - this time to about $1 billion, TechCrunch reported on Friday, citing disclosures made by the US-based asset manager. This is 95 per cent less than its peak valuation of $22 billion in 2022. The markdown comes at a time when the company is facing a multitude of challenges, including securing fresh capital, delays in financial reporting and legal disputes with lenders.
Global market regulators are keen to have a close look at a model for assessing corporate governance, developed for the first time by Securities and Exchange Board of India.
Looking beyond the lesser penalty regime, in its 10th year of existence, the CCI needs more branches, according to experts
Zuckerberg currently holds around 444 million shares of Class B common stock as well as 60 million shares of Class B common stock issuable upon the exercise of an option.
Facebook founder and CEO Mark Zuckerberg, along with his three top leutinants, will get about USD 2 million in just salaries and bonuses, but cannot work on creating a rival to the social networking giant.
Business process outsourcing company Genpact has set the ball rolling for a $600 million (around Rs 2,500 crore) initial public offer on New York Stock Exchange
Gupta, who has not been indicted in the criminal trial of Galleon Group founder Raj Rajaratnam, faces civil charges from the Securities and Exchange Commission for allegedly passing confidential information about Goldman Sachs to the defendant.
This settlement relates to an accounting fraud perpetrated by the company's former management from at least 2003 through September 2008.
According to an Andhra government statement, Naidu 'reposed confidence' in the PM's leadership.
The US government has asked a court in New York to slap a maximum penalty of $15 million on India-born fallen Wall Street titan Rajat Gupta and permanently bar him from serving as director of any publicly-traded firm for his "terrible breach of trust" by indulging in insider trading.
This was disclosed in a filing to the US Securities and Exchange Commission, in which Motorola outlined the compensation that Jha stands to gain.
Pharmaceutical major Dr Reddy's Laboratories Ltd on Tuesday said it will offer up to 13.5 million American Depositary Shares.
De Castro is the second big appointment that Yahoo! has made from its rival Google. Earlier this year, Yahoo! appointed former Google executive Marissa Mayer as its chief executive.
Facebook co-founder Dustin Moskovitz has sold another 450,000 shares of the social networking major so far this week, reducing his holding to just 6.15 million of Class A stock, which have lesser voting rights than Class B stock.
The SEC is talking tough about changing how these agencies work. But we have a few suggestions of our own for how to make ratings firms credible again.
UAL and Continental Airlines closed their merger on October 1 creating the world's largest carrier by traffic.
The England and West Indies cricket boards suspended sponsorship negotiations with financier Allen Stanford following fraud allegations against the Texas billionaire on Tuesday. The US Securities and Exchange commission charged Stanford and three of his companies with alleged fraud involving a multi-billion dollar investment scheme.
Yahoo!'s new Chief Executive Marissa Mayer will get a compensation package of more than $59 million over the next several years.
Wipro Chairman and CEO Azim H Premji received the highest annual remuneration in the company for the fiscal 2006-07. Premji who also holds 79.58 per cent stake in the company, got an annual remuneration of $721,522.
Indian American Rajat Gupta, a former director at Goldman Sachs, had violated the firm's code of conduct by disclosing details from a 2008 board meeting to hedge fund manager Raj Rajaratnam, the main accused in the largest hedge fund insider trading case to hit US courts, the company CEO Lloyd Blankfein has testified.
The equity cult has grown at a rapid pace in India in the last few years, with retail investors latching on to the stock markets like never before. At 126.6 million, the number of dematerialised (demat) accounts, where investors hold their securities in electronic form for trading purposes, are at record high levels. The growth rate, on an annualised basis, stood at 27 per cent in 2022-2023, up from barely 6 per cent a decade ago.
Kraft Foods, the world's second biggest food company, has said it is facing investigation by the Securities and Exchange Commission (SEC) for possible corrupt practices in India by its arm Cadbury, relating to a manufacturing plant there.
The Wall Street Journal has reported that the SEC has contacted many investment banks whose analysts cover generic drug-maker Mylan, asking about a meeting the company hosted last September with those analysts and a group of investors.
Attracted by what he calls a highly lucrative market for long-term investors, an Indian American has launched a private investment partnership to trade stocks of small- and medium-sized Indian companies that offer abundant investment opportunities.
"Following preliminary investigations, FSA has decided to commence a formal enforcement investigation into Goldman Sachs International in relation to recent SEC allegations. FSA will be liaising closely with SEC in this review," FSA said in a statement today. No further details were provided.
SEC rules require companies with 500 or more shareholders of record in a given type of stock to publicly disclose certain financial information.
Thiruvananthapuram-born Dr Zachariah P Zachariah, a prominent cardiologist in Fort Lauderdale, Florida, has been exonerated of all charges in a long-standing US Securities and Exchange Commission insider trading case.
The merger of ZEE Entertainment and Sony has reached an advanced stage of completion, and the issues faced by promoters with Sebi should not become a problem for the company, debarred ZEEL MD Punit Goenka has said in a letter to employees, according to sources. Goenka, who along with his father Subhas Chandra, was denied any interim relief against a Sebi order that barred them from holding the position of director or key managerial post in any listed company, in the letter ZEE Entertainment Enterprises Ltd (ZEEL) staff asserted that the merger of Culver Max (earlier known as Sony Pictures Networks India) is at a very important juncture. With the Securities Appellate Tribunal (SAT) restricting him from holding a directorial or key managerial position in a listed company, Goenka told the employees that the ZEEL board has constituted an interim committee of senior executives to ensure smooth operations and day-to-day functioning.
Attributing to people familiar with the plan, the Financial Times said that SEC and Federal Reserve officials were warned by Merrill Lynch about Lehman's balance sheet calculations as far back as March 2008.
A latest filing by the company to the US regulator Securities and Exchange Commission stated, "Eric, Larry and Sergey have voluntarily elected to receive only nominal cash compensation. Their primary compensation continues to come from returns on their ownership stakes in Google." Consequently, the company's top executives -- Schmidt, Page and Brin -- do not receive any salary or plan-based bonus other than one dollar per year, proxy statement filed by Google stated.
India has conveyed its concerns to the top security and intelligence officials of the United States, the United Kingdom and Russia over the possible implications of Pakistan's links with the Taliban and various terrorist groups operating in Afghanistan for regional security and stability, people familiar with the development said.
In a filing to the Securities and Exchange Commission, Yahoo said executive vice president of the American region Hilary Schneider will be 'leaving Yahoo after a transition period.'
