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  • Sprint, SoftBank gets U.S. security panel approval for merger

    Government panel the Committee on Foreign Investment in the United States (CFIUS) has given its approval for Japanese mobile carrier SoftBank to acquire a majority stake in Sprint Nextel in a US$20 billion deal.

    Written by Grant Gross29 May 13 14:13
  • Former CIO at Foundry Networks charged with insider trading

    A former CIO and vice president at networking hardware vendor Foundry Networks has been charged with insider trading in conjunction with the company's acquisition in 2008 by Brocade Communications Systems, the U.S. Department of Justice said.

    Written by Grant Gross26 March 13 21:32
  • Microsoft taking bribery allegations 'seriously'

    Microsoft is taking seriously allegations that business partners engaged in bribery to gain government contracts in three countries outside the US, the company said.

    Written by Grant Gross19 March 13 19:18
  • IBM's Rometty nets $16.2 million in first year as CEO

    IBM CEO Ginni Rometty earned a $16.2 million pay package in 2012, while her predecessor, Sam Palmisano, made more than double that for his role as chairman and senior adviser to IBM.

    Written by Ann Bednarz13 March 13 17:12
  • Even with prep, did Wall Street's business continuity plans fail?

    A report slams Wall Street for lack of foresight in preparing for a megastorm the size of Hurricane Sandy, stating that the New York Stock Exchange shut down for two days in part because it was not ready to use an all-electronic trading system during the disaster.

    Written by Lucas Mearian01 Nov. 12 10:58
  • Cisco CEO's pay falls 32 per cent

    CEO John Chambers received compensation valued at $12.9 million in Cisco's 2011 fiscal year, a period when the company restructured operations, shuttered its Flip video cam business and eliminated more than 12,000 jobs. His total pay package is down 32% compared to 2010, when Chambers received $18.9 million, according to documents filed this week with the U.S. Securities and Exchange Commission.

    Written by Ann Bednarz22 Oct. 11 04:01
  • Infosys faces grand jury as visa probe broadens

    Indian offshore giant Infosys is facing a federal grand jury probe over the use of B-1 visas by its workers, an inquiry that was touched off by a lawsuit filed by a U.S. employee of the company.

    Written by Patrick Thibodeau26 May 11 06:10
  • NBN Co chief issues statement on US bribery case against Alcatel-Lucent

    NBN Co chief, Mike Quigley, has been forced to issue a statement regarding the bribery case by US authorities against Alcatel-Lucent, following reports of discrepancies between his public statements about his former employer and US court documents.

    Written by Georgina Swan13 May 11 18:07
  • LinkedIn to sell shares for $32-$35 in upcoming IPO

    Professional social networking site LinkedIn is gearing up for its initial public offering, reporting that it plans to offer 7.84 million shares for $32 to $35 per share.

    Written by Sharon Gaudin10 May 11 03:38
  • Yahoo CEO Carol Bartz gets $11.9 million after 75% pay cut

    Carol Bartz's compensation was slashed by 75 per cent in 2010, but the Yahoo CEO still managed to take home a hefty $11.9 million pay package. A year earlier, Bartz received compensation valued at $47.2 million, according to documents filed Friday with the U.S. Securities and Exchange Commission.

    Written by Ann Bednarz03 May 11 06:45
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