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A US judge dismissed a lawsuit filed by shareholders against Zynga today. The lawsuit alleged that Zynga purposely misled shareholders about the financial state of the company, its active user count and potential business prospects in the run-up to, and after, Zynga's initial stock offering in late...

1 year ago 0 Comments
February 26, 2014 at 5:30PM
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The Wall Street Journal reports that Apple made the largest corporate-bond deal in history on Tuesday, when it raised US$17 billion in bonds -- the first time the company has offered bonds in 20 years. In response, The New York Times asks, why would cash-rich Apple do this in the first place? Analy...

1 year ago 0 Comments
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Apple has revealed the first information about its upcoming 2013 fiscal year in a proxy statement filed to the SEC this week. You can read the entire document on the SEC's website, but we can run you through the major points right here and now. First up, Apple discloses what Tim Cook was pa...

2 years ago 0 Comments
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MMO competitors and countrymen-in-arms Nexon and NCsoft are closer than ever today, as Nexon has acquired a minority interest in its fellow company. The move makes Nexon NCsoft's largest shareholder. Nexon announced that it had invested in NCsoft by snapping up 3,218,091 shares in a private tr...

2 years ago 0 Comments
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Sprint's CEO Dan Hesse signed an estimated US$15.5 billion deal with Apple to carry the iPhone. After a less than stellar quarterly performance, the CEO is trying to quell shareholder discontent by publicly defending his decision, says a report in AllThingsD. Speaking at an annual shareholder...

2 years ago 0 Comments
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Meg Whitman, CEO of HP, had to defend herself against Apple during HP's annual shareholder meeting on Wednesday, says a report from AppleInsider. More than one investor mentioned Apple's innovation and asked HP whether it is equally innovative. Another individual asked Whitman why HP didn't have ...

3 years ago 0 Comments
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Apple held its latest shareholder meeting in Cupertino today, and while Jobs was apparently in attendance (and re-approved as a board member, along with William Campbell, Millard Drexler, Albert Gore, Andrea Jung, Arthur Levinson and Ronald Sugar), Tim Cook was the one overseeing the proceeding...

4 years ago 0 Comments
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Fortune's Apple 2.0 blog has some unofficial minutes from this week's Apple shareholder meeting -- while press weren't actually allowed inside the event (which featured Apple's board, including Al Gore, Steve Jobs, and new co-lead director Andrea Jung), that didn't stop an anonymous shareholder from...

5 years ago 0 Comments
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We'll admit, anyone paying even the slightest bit of attention should have seen this coming a mile away, but the latest financial news from Palm is far from peachy. The firm announced a whopping 43-percent dropoff in profits compared to this quarter just one year ago, and the stock subsequently slid...

7 years ago 0 Comments