Mar 03, 2017 01:45 PM IST Flipkart markdown: Macquarie arm values stake in co at bn Regulatory filings with the US Securities and Exchange Commission (SEC) show that Optimum Fund has valued its holding in Flipkart at USD 93.15 in December 2016 quarter at a USD 10.4 billion valuation.Feb 03, 2017 07:55 AM IST Snap makes billion IPO details public The disclosure was Snap’s opening salvo in convincing investors that the company, which launched in 2012 as a free mobile app with disappearing messages, has come up with a sustainable business model despite increasing lossesJan 23, 2017 10:06 AM IST US SEC probing Yahoo over previously disclosed cyber breach Yahoo said in a November 2016 quarterly filing that it was cooperating with federal, state and foreign agencies, including the SEC, that were seeking information and documents about a “security incident and related matters.”Aug 23, 2016 08:09 AM IST Former Fannie Mae CEO settles crisis related lawsuit with SEC The deal with the SEC, detailed in papers filed in Manhattan federal court, resolves a 2011 lawsuit accusing Mudd of misleading investors about Fannie’s exposure to risky mortgages before the crisis.Aug 16, 2016 07:53 AM IST SEC halts trade in mysterious billion OTC stock The company, whose website and filings say it runs a search engine based on neural technology, is in talks to license “heavy ion fusion” and sells a line of computing devices, had a market value of about USD 35 billion as of the stock’s last trade on August 5.Jun 17, 2016 10:51 AM IST Ericsson faces US corruption probe: Report SvD said on its website the US Securities and Exchange Commission (SEC) and the Department of Justice (DOJ) are investigating Ericsson, whose shares are listed in Stockholm as well as on Nasdaq.Mar 29, 2016 10:25 AM IST Warren Buffett boosts Berkshire’s Wells Fargo stake to 10% Berkshire owns 506.3 million shares of Wells Fargo, worth about USD 24.7 billion, mainly through subsidiaries, according to filings with the US Securities and Exchange Commission.Aug 05, 2015 08:43 PM IST Airtel to set up basic ADR programme to woo US investors “The company has decided to establish a sponsored Level 1 ADR programme in United States.Jul 09, 2015 12:34 PM IST Software update may have triggered NYSE trading halt NYSE said the outage was due to an internal technical issue and not the result of a cyberattack. Other exchanges were trading normally.May 18, 2015 10:03 AM IST Gold near three month high on sluggish US data, dollar Gold was trading close to a three month high on Monday, buoyed by a weaker dollar and more soft US data that triggered hopes the Federal Reserve would not hike interest rates soon.Apr 18, 2015 04:58 PM IST China fines Alibaba for pricing violations The e commerce giant has been fined by the price bureau in eastern Zhejiang province for violations by third party sellers during promotions on its e commerce platforms.Apr 12, 2015 02:23 PM IST ONGC’s stake buy in Mozambique saw seller make huge profits Under the head ‘Divestitures’, the company said it made net gains of USD 1.891 billion from sale of stakes in 2014.Mar 28, 2015 12:34 PM IST Yahoo, Microsoft extend search partnership meet for 30 days The search partnership, which took effect in 2010, allowed the companies to negotiate changes or to terminate the arrangement entirely after five years. Under the terms of the deal, the companies had 30 days to make changes following Feb.
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