India's Tech Mahindra announces Satyam merger
India's Tech Mahindra announced its long-awaited buyout of IT outsourcer Satyam Computer on Wednesday, creating a new force in the sector with annual revenue of $2.26 billion.
Business
Mar 21, 2012
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Page 6 - News tagged with scandal
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India's Mahindra Satyam posts strong profit growth
India's software outsourcer Mahindra Satyam on Wednesday posted a near five-fold jump in its third quarter net profit, beating market forecasts, as margins were boosted by a fall in the rupee.
Business
Feb 1, 2012
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In times of scandal, corporations are likely to use others' misconduct to justify their behavior
Among corporations involved in the 2006 stock-option backdating scandal, those implicated earlier were more likely to dismiss their top executives than those that surfaced later on, according to new research from Rice University ...
Economics & Business
Feb 1, 2012
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India's Mahindra Satyam sues former directors, auditor
Indian software outsourcer Mahindra Satyam on Monday said it had filed a case against past directors and a former auditor, seeking damages over a $1 billion accounting scam.
Business
Jan 9, 2012
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Japan insurer reduces scandal-ridden Olympus stake
(AP) -- Nippon Life Insurance, the top shareholder in scandal-ridden Olympus Corp., said Thursday it reduced its stake in the Japanese camera and medical equipment maker that now risks being kicked off the Tokyo Stock Exchange.
Business
Nov 17, 2011
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India's Satyam posts strong profit growth
Indian software outsourcer Mahindra Satyam on Thursday said its quarterly net profit soared more than ten-fold, beating market estimates, as demand for outsourcing grew.
Business
Nov 10, 2011
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Wall Street Journal attacks News Corp. critics
The News Corp.-owned Wall Street Journal blasted critics Monday for double standards and insisted that the phone-tapping scandal in Britain should not tarnish all of Rupert Murdoch's media empire.
Business
Jul 18, 2011
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Japan's brash Livedoor tycoon heads to jail
Sporting a mohican haircut and a protest T-shirt, Japan's maverick Internet tycoon Takafumi Horie on Monday started a two-and-a-half-year prison sentence for accounting fraud.
Business
Jun 20, 2011
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Scandal detracts from serious international business
Dominique Strauss-Kahn resigned last week as the head of the International Monetary Fund (IMF) amid allegations of sexual assault in New York City — leading to larger questions of how this will affect French politics ...
Economics & Business
May 25, 2011
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Japan Livedoor tycoon Horie to be jailed
Japan's brash Livedoor Internet tycoon Takafumi Horie will be jailed after losing his final appeal against a conviction for accounting fraud, a judicial official said Tuesday.
Business
Apr 26, 2011
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