Business

Business

Court to go forward with insider trading case against Valeant Pharmaceutical

Following months of allegations, California’s District Judge David Carter ruled that Canadian-based Valeant Pharmaceuticals International Inc. and hedge fund manager Bill Ackman would face an insider-trading lawsuit. Carter disagreed with the arguments made by Valeant, activist hedge fund manager William Ackman and Ackman’s Pershing Square Capital Management. They claimed that the companies’ activities did not…

Business

Netflix boosts total user growth, falls short on new US subscribers

Although Netflix has increased international membership in its third quarter, the company’s user growth in the United States has fallen short of expectations, driving its stock price down on the day of its third quarter report. The media streaming company projected that it would add 1.15 million U.S. members during its third quarter. The prediction…

Business

Square files with SEC for IPO, seeks to raise capital for expansion

In an effort to raise an estimated $275 million, Square, a financial services and mobile payment company, has confirmed its plan to introduce an Initial Public Offering. The company has officially registered with the United States Securities and Exchange Commission. Square, which was founded in 2009, is widely known for its payment solutions, including portable…

Business

Authorities arrest individuals on charges of insider trading

Nine individuals have been charged with security fraud, wire fraud and money laundering, according to the SEC. Five of these individuals have been arrested, and there are international arrest warrants for the remaining four. These individuals, officially charged on Aug. 11, have been involved in a five-year scheme of insider trading and hacking. They supposedly…

Business

Berkshire Hathaway purchases PCC

Berkshire Hathaway announced that it will acquire Precision Castparts for $32.7 billion. PCC’s primary business involves manufacturing parts for use in the aerospace and energy industries. According to a statement released by the corporation, “PCC manufactures extruded seamless pipe, fittings, forgings, and clad products for power generation and oil & gas applications; commercial and military…

Business

Adobe increases benefits

Adobe Systems Inc. recently announced its plan to double paid timeoff for birth mothers to 26 weeks. Adobe Systems Incorporated is an American computer software company headquartered in San Jose, California. It was founded in 1982 by John Warnock and Charles Geschke. The plan to increase paid time off for post-birth mothers consists of 10…

Business

Google reorganizes under new umbrella company Alphabet

Since Google’s establishment in 1998, its founders, Larry Page and Sergey Brin, have made continuous efforts to expand upon their original mission to “organize the world’s information and make it universally accessible and useful.”  As a result of the tech company’s ongoing diversification, Google’s management structure changed significantly this month.  The reorganization includes the establishment…

1 15 16 17