Hurricane Sandy exposed a decided lack of contingency planning on Wall Street, according to a report by a research firm. With the Northeast still experiencing the effects of widespread storm damage, the business continuity plans of stock ...
Tags: Hurricane Sandy, Wall Street, storm damage, business
General Steel Holdings Inc announced that its audit committee of the Board of Directors has appointed Friedman LLP as the company's independent registered public accounting firm. Friedman is replacing PricewaterhouseCoopers Zhong Tian CPAs ...
Computerworld - Google's decision to cut 20% of the workers from its Motorola Mobility unit re-ignited fears that Google was primarily after the 17,000 patents Motorola held when it was acquired in May. "Everyone at Motorola is asking [if ...
Tags: Motorola Mobility, Google, smartphone, tablet
A day after rare earth producer Molycorp (NYSE: MCP) surprised investors with top line growth of 49% that sent its shares soaring after hours, the stock is falling again. This time traders are reacting to news that a formal investigation ...
Tags: Rare Earth, USA, Metallurgy
CSO - It happened more than three and a half years ago. So it presumably would be old news that Chinese hackers broke into soft-drink behemoth Coca-Cola's computer systems and stole confidential files relating to its effort to acquire the ...
Tags: Chinese hackers, Coca Cola, computer system, IT security
All dollar amounts stated below are in United States dollars. Third Quarter Ended March 31, 2012 Financial Highlights: The net loss for the third quarter ended March 31, 2012 totaled $5.3 million or $0.12 per share as compared to a net ...
Tags: Rare Element, financial results, net loss
U.S.-based Molycorp, Inc., one of the only non-Chinese producers of rare earths, announced today that its proven and probable reserves of rare earth minerals at its Mountain Pass, California facility have increased by 36%, according to a ...
Tags: rare earths, rare earth minerals, mineral reserves, mining
By the close on Friday Molycorp (NYSE: MCP) was changing hands for $8.62, up $1.39 or 19.2%, after filings showed that insiders at the company has been stocking up on the counter. A number of executives made the most of the opportunity to ...
Tags: Molycorp explodes, rare earth producer, rare earth, Mountain Pass mine
The Securities and Exchange Commission (SEC) has rejected industry groups’ request to put on hold mandates that force companies operating in extractive industries to disclose payments made to foreign governments. Led by the American ...
Tags: SEC, extractive industries, Petroleum, Oil
Autonomy founder and former CEO Mike Lynch has written an open letter to HP calling for immediate and specific explanations to the allegations HP has made about the software company. HP bought UK software company Autonomy for $11.7bn in ...
Tags: HP, software company, software, HP allegations
As their company's stock continued to slump, Facebook executives had to face not one but two other pieces of tough news this week. Just as an angry third-party developer blasted Facebook's allegedly high-handed negotiation tactics in an ...
Tags: Fake Users, Angry Developer, Facebook, Bad Week
Revolution Lighting Technologies, Inc. (RVLT), a leader in advanced LED lighting technology, today announced that it has closed its acquisition of Seesmart Technologies, Inc. Seesmart, based in Simi Valley, California, is a leading LED ...
Avaya has appointed a new chief financial officer (CFO), coinciding with its latest results showing falling revenues. The communications firm announced this week it had hired Dave Vellequette from JDS Uniphase as the new CFO, but failed ...
Tags: Avaya, falling revenues, communication, finance
Oracle has agreed to pay a $2 million penalty to settle charges that it did not have proper controls to prevent employees at its Indian subsidiary from secretly setting aside funds from the company's books, the U.S. Securities and Exchange ...
Tags: Oracle, penalty, Indian subsidiary, SEC charges
First Solar Inc of Tempe,AZ,USA,which manufactures thin-film photovoltaic(PV)modules based on cadmium telluride(CdTe)as well as providing engineering,procurement and construction(EPC)services,recently completed installation of a 3.2kW PV ...
Tags: First Solar, CdTe, Solar Energy Center, New and Renewable Energy's