SCO shares collapse under weight of ruling
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$1.20 to go SCO Group shares went south in a hurry during Friday's trading, as investors reacted to the company's legal misfortunes.â¦
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The rescue of British bank Northern Rock  could get bogged down in a legal battle as shareholders criticized the government's handling of the five-month crisis just as a decision nears.
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With its cash reserves running out and its legal case against IBM unravelling, The SCO Group now says there is doubt that it will remain afloat.
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The SCO Group has been removed from the Nasdaq Stock Market because&#160;the company declared bankruptcy in September.
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Sobering expectations â foreshadowed on Sunday when management announced the lower prices â weighed on the companyâs already drooping stock.
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Lawyers got theirs SCO Group today filed for bankruptcy protection. With less than $10m cash left to call on, SCO said that Chapter 11 protection and reorganization would protect assets as it addresses, ahem, "potential financial and legal challenges".â¦
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After losing a court ruling to Novell and then seeking Chapter 11 bankruptcy protection, The SCO Group said that there is "substantial doubt" about its ability to continue as a viable business.
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Shares in the UK&#39;s largest insurance broker Jardine Lloyd Thompson (JLT) have taken a tumble after the firm issued a profits warning.
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Inco Ltd.  conceded defeat in its  bid for fellow Canadian miner Falconbridge Ltd.  on  Friday because it did not receive enough shares, and in doing  so ended a drawn-out battle with Swiss-based Xstrata Plc   for the copper and nickel producer.
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Legal fees down The SCO Group saw its business ebb away during the third quarter, as both revenue and sales continued their steady migration southwards.â¦
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Shares of international media giant News Corp. (Nasdaq: NWSWI) fell nearly 4% yesterday following the company&#39;s announcement that it adopted a &quot;shareholder rights plan
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A lost legal struggle with Linux distributor Novell, an apparently truncated fight with IBM, a bankruptcy filing in September...and now, a NASDAQ delisting. Is there any hope at all left for floundering PC Unix vendor SCO?
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The Nasdaq stock exchange has threatened to delist SCO next Thursday, due to its Chapter 11 bankruptcy filing.
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Shares in Swiss engineering giant ABB plummet 13% after a US court rejects its bid to limit a multi-billion dollar asbestos claim
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The SCO Group has been removed from the Nasdaq Stock Market because&#160;the company declared bankruptcy in September.The stock market delisted SCO and suspended trading of its shares (SCOX) at the beginning of trading on Thursday, SCO said in a filing to the U.S. Securities and Exchange Commission. Nasdaq had told the company in September that it would be delisted, and SCO&#39;s subsequent appeal of that determination was turned down.SCO has been waging an expensive legal battle against IBM for years, claiming the company inappropriately used copyrighted SCO Unix code as part of its support of the Linux operating system. SCO suffered a major loss in that case in August when&#160;a federal judge ruled that Novell, not SCO, owned the Unix copyright. In September, the Lindon, Utah, company said the ruling might cost it US$30 million and that it had just $10.4 million in cash.In October,&#160;SCO said it had a &quot;potential&quot; buyout offer for $36 million from JGD Management, a company affiliated with investment firm York Capital Management. That deal would have to be approved by the bankruptcy court.
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Richard Mathias writes &quot;Following on from the posting a month ago, where SCO said it was going to launch a new website to counteract Groklaw and give its side of things - well, now the company looks like it&#39;s given up on the whole plan.
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IBM (NYSE: IBM) has -- again -- sought to have the pending legal claims by The SCO Group dismissed. According to a motion it filed in a U.S. district court, IBM argues that SCO has no evidence to support its claims that it appropriated confidential source code from Unix System V and placed it in Linux.