Dow Settlement On Bhopal A Hoax
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Dow Chemicalâs stock price took a tumble after BBC World issued a bogus report that the firm accepted full responsibility for the Bhopal, India, chemical disaster and would pay $12 billion in compensation.
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Rumors of a merger make a Foolish investor look brilliant.
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A computer glitch triggered a sudden plunge in the Dow Jones industrial average at mid-afternoon Tuesday, turning an already bad day in stocks into a head-turning spectacle.
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Mumbai: On a day the Sensex recorded yet another all-time high, the market struggled to make sense of the multiple messages coming from the two Ambani camps, and scrips of Reliance group companies ended trade in the red.
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The company's shares have recovered from legal settlement sticker shock.
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[India News]: New Delhi, Nov 29 : Twenty years on, the Bhopal gas tragedy has turned into a festival of the oppressed. Champa Devi, one of the agitators, has promised to beat up Dow - Union Carbide Corporation
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Today on BBC World Television, a fake Dow spokesperson announced fake plans to take full responsibility for the very real Bhopal tragedy of December 3, 1984.
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(InfoWorld) - Brocade Communications Systems has agreed to pay a $7 million penalty to settle charges of stock-option backdating fraud. The payment will settle a civil action brought by the U.S. Securities and Exchange Commission and comes with a permanent injunction against the storage networking company not to break various accounting laws. The SEC's action, announced Thursday, signals that the agency will take strong action against companies accused of backdating fraud. Scores of high-tech companies have either come under federal investigation or started their own probes related to the practice. Former Brocade executives granted tens of millions of stock options to employees and falsified the dates of those grants so that they could hide the cost of the options from shareholders, the SEC charged. Brocade did not admit to or deny the charges. The settlement concludes the SEC action, and Brocade said it does not expect the Department of Justice to take any action against it. "Falsifying compensation expenses is no less misleading to investors than falsifying revenue," said Linda Chatman Thomsen, director of the SEC's enforcement division, in a statement. Brocade's former chairman, president and CEO, Gregory Reyes, as well as former human resources chief Stephanie Jensen and former Chief Financial Officer Antonio Canova, were charged last July with fraud and other securities law violations. "The SEC will use all the weapons in our arsenal, including significant corporate penalties, to protect investors and combat fraudulent stock option backdating," SEC chairman Christopher Cox said in a statement. Backdating is legal and was a common practice in the fevered high-tech job market of the late 1990s as vendors competed for talent with attractive financial packages. But some of the biggest names in IT, including Apple, Broadcom, and McAfee, have been hit by concerns over how they carried it out.ADVERTISEMENTIBM Information On Demand 2006Industrial Industry Leaders, please join us at IBM's premier information management global event, IBM Information On Demand 2006, October 15-20, Anaheim, CA. More IBM business and technical solutions content in one place than ever before! Select from  over 800 sessions. Register today!
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A former Dow Jones & Company director and three associates will pay more than $24 million to settle charges that they traded illegally on inside knowledge of the News Corporationâs takeover of Dow Jones.
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NEW YORK (CBS.MW) -- In a media hoax coming on the 20th anniversary of the Union Carbide Bhopal disaster, Britain&#39;s BBC mistakenly reported Friday that Dow Chemical would take complete responsibility for the tragedy in which thousands of people died.
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Google Inc. yesterday settled Securities and Exchange allegations that it awarded about $80 million in stock options from 2002 to 2004 without properly informing employees about the company's financial performance.
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Dow Jones and News Corp. reportedly reach a tentative sale agreement, putting the ball in the court of Dow Jones' controlling Bancroft family.
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The S.E.C. said that I.B.M. had settled a case in which it had been accused of misleading investors.
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Investors beware: If a wily female, apparently believing she&#39;s calling someone else, leaves a message with you advising of a hot stock tip, walk away. According to the Securities and Exchange Commission, it&#39;s a scam.
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By Tommy Tomlinson, The Charlotte Observer, N.C.  Feb. 11--Google is being modest.   For proof, just Google the phrase "unbelievably one-sided deal." You'll get links to the Kyoto environmental accords and a few terrible basketball trades.
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The Stocks in the News on the DataBank page last Sunday contained incorrect labels for the stocksâ estimated price-to-earnings ratios. They were for 2008, not 2007.
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A Hamburg newspaper that reported last week on a computer company manager who said he fired three non-smokers because they had threatened disruptions after asking for a smoke-free environment said on Monday the story was a hoax.