Two California husbands who allegedly heard their executive wives discussing nonpublic information about their technology company employers on the phone were sued for insider-trading by securities regulators.
Employers are squeezing their workers’ retirement savings, holding back on both the amount and the timing of 401(k) matching funds and dragging out vesting schedules. Taken together, these measures are making it more difficult to save for old age.
Apple Inc. and Oracle Corp. won a judge’s order separating and putting on hold a dispute between them about indemnification until a patent-infringement case against Apple by U.S. Ethernet Innovations LLC is resolved.
Oracle Corp. can’t for now rely on an insurer to pay $20 million to help settle shareholder claims over the software maker’s acquisition of a company controlled by Oracle founder Larry Ellison, a judge concluded.
It wasn’t long after Ericsson AB Chief Executive Officer Hans Vestberg was identified as a contender for the top job at Microsoft Corp. before phones were ringing off the hook at the telecom supplier’s Stockholm offices.
Hewlett-Packard Co. , accusing Oracle Corp. of harassing its new chief executive officer, refused to accept service of a subpoena requiring Leo Apotheker to testify at a trial over SAP AG’s downloading of Oracle software.