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Satyam Chairman Resigns After Falsifying Accounting (Update1) (Bloomberg)
Jan. 7 (Bloomberg) -- Satyam Computer Services Ltd. Chairman Ramalinga Raju resigned after saying he falsified earnings and assets, prompting a collapse in the stock of India’s fourth-largest software-services provider.
Read more...Indian Rupee Falls a 2nd Day as Stocks Tumble on Satyam Scandal (Bloomberg)
Jan. 7 (Bloomberg) -- India’s rupee fell to the lowest this week as stocks tumbled after the chairman of Satyam Computer Services Ltd. resigned, saying the software company had falsified accounts and assets.
Read more...Satyam loses Rs 10K cr in m-cap (Business Standard India)
Beleaguered software services major Satyam today bit the dust on the bourses and lost as much as Rs 10,000 crore in market capitalisation in a single trading session, after the scrip dipped to hit an all-time low level.
Read more...Samberg’s Pequot Said to Face New SEC Insider-Trading Inquiry (Bloomberg)
Jan. 8 (Bloomberg) -- The U.S. Securities and Exchange Commission opened a new investigation into whether Pequot Capital Management Inc., the hedge fund run by Arthur Samberg , illegally profited in 2001 by tapping inside information on Microsoft Corp., two people familiar with the matter said.
Read more...Intel's miss weighs on Microsoft shares (San Francisco Chronicle)
Shares of Microsoft Corp., the world's largest software maker, sank Wednesday after chip maker Intel Corp. said fourth-quarter sales missed already lowered expectations. Redmond, Wash.-based Microsoft's stock closed down $1.25, or 6 percent, to $19.51. Intel...
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