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Infosys: India software giant probes whistleblower claims

2019-10-22 08:29:53| BBC News | Business | UK Edition

Shares of Asia's second-most valuable IT firm plunge amid allegations against its top leadership.

Tags: software india claims giant

 

Ericsson takes provision of SEK 12 bln for fallout from US corruption probes

2019-09-26 09:29:00| Telecompaper Headlines

(Telecompaper) Ericsson said corruption investigations into the company by the US Securities and Exchange Commission (SEC) and Department of Justice (DoJ) are ongoing and that the company will be taking a provision of SEK 12 billion (over USD 1.2 billion) in the third quarter to cover potential fines and costs. The company estimates potential monetary sanctions at USD 1 billion, with other related costs coming on board. There is also the question of reputational harm, which could have a "material" adverse impact on the business, the company said.

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Former SodaStream CEO on bail as Israel probes insider trading allegations - report

2019-09-25 16:30:00| Daily beverage news and comment - from just-drinks.com

Ex-SodaStream CEO Daniel Birnbaum is under investigation for alleged insider trading connected to PepsiCo's US$3.2bn acquisition of the company, according to a report.

Tags: report trading israel ceo

 

Chicago schools agree to federal oversight of how it handles sexual abuse and harassment probes

2019-09-12 18:49:00| American School & University

U.S. Education Department says Chicago schools "have inexcusably failed to provide their students with the basic protections required by law."

Tags: agree abuse schools federal

 

US states attorneys to launch Facebook and Google antitrust probes

2019-09-09 08:35:00| Telecompaper Headlines

(Telecompaper) Top state law-enforcement officials across the United States are formally opening antitrust investigations into Facebook and Alphabet's Google, confirming recent reports. New York's attorney general Letitia James said her office is organising a bipartisan, multistate antitrust probe into whether Facebook stifled competition and put users at risk. Separately, Texas Attorney General Ken Paxton's office said it was launching a probe of "large tech companies" without yet naming them.

Tags: states google launch attorneys

 

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