Added: Sep 10, 2010
Author: TradeTheTrend
Duration: 1:44
"Good Morning. It's Friday, September 10, 2010. At this hour, U.S. equity futures are up. Overseas, the Asian markets were mixed, while the European markets are now mixed. Hewlett-Packard (HPQ) said in a regulatory filing yesterday that the German Public Prosecutor's Office has been conducting an investigation into allegations that current and former employees of HP engaged in bribery, embezzlement and tax evasion relating to a transaction between Hewlett-Packard ISE GmbH in Germany, a former subsidiary of HP, and the Chief Public Prosecutor's Office of the Russian Federation. The U.S. Justice Department and the SEC have also been conducting an investigation into the Russia GPO deal and potential violations of the Foreign Corrupt Practices Act...eBay (EBAY) said that Chancellor William B. Chandler III of the Delaware Court of Chancery ruled in the company's favor in a shareholder suit filed against Craigslist, and its majority shareholders Jim Buckmaster and Craig Newmark. The ruling overturns a series of unlawful transactions undertaken by Craigslist's majority shareholders to dilute eBay's minority share in the company. The ruling rescinds a poison pill and right of first refusal adopted by the controlling shareholders in January 2008 and restores eBay's 28.4% share in Craigslist...Seaboard (SEB) announced that it entered into an agreement to purchase a 50% interest in Butterball in partnership with the Maxwell Farms group. "
Channel: News
Views: 64