All Posts Tagged Tag: ‘sec’

Your Passcode Is Protected by Fifth Amendment, Says Court

Your Passcode Is Protected by Fifth Amendment, Says Court

Can the police compel you to give up your iPhone passcode? Not according to one federal court’s ruling. Doing so would be a violation of your Fifth Amendment rights. The case in question involved two insider trading suspects and the Securities and Exchange Commission’s desire to get at evidence it believed was present on the defendants’ work-issued iPhones. Unfortunately for …

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Tim Cook’s Security Costs Apple $700,000 a Year

Tim Cook’s Security Costs Apple $700,000 a Year

How much is Tim Cook’s safety worth to Apple? Not quite a million bucks, according to a recent filing. Patently Apple unearthed Apple CEO Tim Cook’s security budget, which was buried inside its Schedule 14A report it recently filed with the Security and Exchange Commission. According to Apple, it spends just shy of $700,000 a year keeping Cook safe. Here’s …

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Twitter Says It Has About 23 Million Active Bots [UPDATED]

UPDATE: To clarify Twitter’s statement in the filing, the (up to) 8.5 percent of accounts that “automatically contacted our servers for regular updates without any discernable additional user-initiated action” could include apps pulling content and displaying it without manual user action. It doesn’t necessarily mean posting to Twitter without user-initiated action, like a bot. The 8.5 percent is also a …

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Tim Tebow Buys Home in Jacksonville

Former NFL quarterback Tim Tebow just purchased a $1.4 million home in Glen Kernan Golf and Country Club in Jacksonville, Florida. The Heisman Trophy winner bought a five bedroom, 4.5 bathroom house located on Swilcan Bridge Lane from David and Virginia Bailey. The sale of the 6,500 square foot property closed on June 27, and was recorded Monday. No word …

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HP to Pay $108 Million Over Bribery and Money Laundering Charges

Hewlett-Packard this week agreed to pay $108 million to the U.S. Securities and Exchange Commission and the U.S. Department of Justice to settle money laundering and bribery charges. The charges were brought against HP for violations of the Foreign Corrupt Practices Act. According to the charges, the company’s subsidiaries provided substantial bribes to officials in foreign countries to secure IT …

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Florida Gators Win SEC, Claim No.1 Overall Seed In NCAA Tournament

In a year where no team seems to be in control, the one thing that most people seem to agree on is the fact that the Florida Gators were the team that deserved the No.1 seed in the NCAA tournament. Florida already had the No.1 ranking heading into the SEC Conference Championship Game this afternoon, and they hung on to …

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Gus Malzahn Could Coach The Cleveland Browns

After a spectacular season that included an Iron Bowl win against Alabama and could end with a possible BCS National Championship, Auburn has seen a lot of media attention. Now Auburn is receiving even more attention, this time in the form of a possible job change for head coach Gus Malzahn. Malzahn is one of the names being mentioned as …

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Jadeveon Clowney Declaring For The 2014 NFL Draft

Not long after the South Carolina Gamecocks beat the Wisconsin Badgers 34 – 24 in the Capitol One Bowl on Wednesday, South Carolina’s Jadeveon Clowney declared for the 2014 NFL Draft. In an ESPN postgame interview Clowney was asked by reporter Tom Luginbill if he had NFL plans and the South Carolina defensive end simply replied, “Yes, sir.” Of course …

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Tim Tebow Hired As Analyst For ESPN

Tim Tebow has a new job. It still includes football, but not him playing it. The SEC Network has hired Tebow as a college football analyst for the pre-game show SEC Nation. While Tebow is still perusing his football career, he says that this is a great opportunity for him. “I am so excited that ESPN has given me this …

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Microsoft Senior Manager Charged With Insider Trading

The U.S. Securities and Exchange Commission (SEC) today announced that Microsoft Senior Manager Brian Jorgenson has been charged with insider trading. Jorgenson is accused of using confidential information about Microsoft to influence stock trades. The SEC believes that Jorgenson leaked privileged information about upcoming Microsoft announcements to his friend Sean Stokke, who is also begin charged with insider trading. Stokke …

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Yahoo Is Getting 31% Of Its Revenue From Microsoft Deal

The relationship between Yahoo and Microsoft has been a little rocky this year, but it has come out that the “Search Alliance” between the two companies is generating as much as 31% of Yahoo’s revenue. The SEC reportedly sent letters to Yahoo asking for more details on its revenue from search and display advertising. Bloomberg reports (via Danny Sullivan): The …

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Aaron Murray Leaves The Game With A Knee Injury

Aaron Murray, quarterback for the Georgia Bulldogs, suffered an injury during their win against Kentucky yesterday. Of course, Georgia had no trouble with defeating the Kentucky Wildcats, but after leaving the game with a knee injury, Murray is likely to be out for the rest of the season. Georgia is not one of the top teams in the SEC by …

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Dominique Easley, Florida DT, Out For The Season

Dominique Easley, a football player for the Florida Gators has been plagued with a season ending injury. It appears that the injuries at Florida just continue to pile up, as their struggles continue in the 2013 season. Easley, a senior from Staten Island, NY is a defensive tackle for the team and a key member of the defense. This news …

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Florida Gators DT Dominique Easley Out for the Season

Florida just can’t catch seem to catch a break this season as the injuries just continue to pile up. First starting quarterback, Jeff Driskel, suffered a broken fibula with no possibility of returning this season. Now, senior defensive tackle Dominique Easley has suffered a season-ending injury. According to Sports Illustrated, Easley only “tweaked” his knee in practice on Tuesday. However, …

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Nick Saban Responds to Texas Longhorn Rumors

Anyone who’s ever heard of Nick Saban can sum up his career in one word – victorious. It’s no secret that the Alabama Rolltide head coach is not immune to defeat. He likes to win, and prides himself on it. The ‘no-days-off, no-nonsense’ drill sergeant believes in the constitution of hard work and busting your butt on the gridiron to …

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NASDAQ Fined $10 Million For Botched Facebook IPO

To say the Facebook IPO was a disaster might be a bit of an understatement. A few days after the social network went public, reports emerged that a technical issue prevented trading and many investors lost money as the stock’s value tanked. Those same investors brought lawsuits against the NASDAQ and the SEC launched an investigation into the IPO. That …

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Nick Saban Called “The Devil Himself” By Florida Assistant

In the south, they take their college football incredibly seriously. In fact, it probably wouldn’t be a stretch to say that, in the geographic area that comprises the NCAA’s Southeastern Conference, the fans there enjoy college football more than the NFL, which could be seen as blasphemy in northern parts of the United States. Whatever your feelings are about the …

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Here’s Netflix CEO Reed Hastings Already Making Use of the New Social Media Disclosure Rules

Just a day after Netflix told investors that they would regularly use their various social media accounts to disclose material information, even mentioning CEO Reed Hasting’s Facebook account specifically, Hastings has done just that. In a Facebook post, Hastings announced that Netflix users have streamed 4 billion hour in the past 3 months. Of course, he would probably argue that …

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Netflix Says They Will Disclose Investor Info on Social Media Following SEC Ruling

A week after the Securities and Exchange Commission clarified its rules to allow for public companies to use social media outlets to announce key company information, Netflix has already decided to take advantage of it and make it official. On Wednesday, Netflix told investors via a regulatory filing that it plans to disclose material investor information via social media channels. …

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Companies Can Announce Important Info on Social Media, Rules SEC After Reed Hastings Investigation

The Securities and Exchange Commission has clarified its rules on Regulation Fair Disclosure, saying that public companies can use social media outlets like Facebook or Twitter to announce key company information – just so long as the investors are made aware which social media accounts may be posting such information beforehand. “The SEC’s report of investigation confirms that Regulation FD …

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Reed Hastings Challenges SEC on Netflix-Related Facebook Posts

Netflix CEO Reed Hastings absolutely thinks that social media is a “public” enough forum to house statements from companies to investors. He says that he’s “not going to back down” and that he would continue to post information about his company on Facebook. Hastings and Netflix ran afoul of the SEC back in December over a post made last summer …

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Netflix in Trouble with SEC Over Reed Hastings’ Facebook Posts

Netflix and CEO Reed Hastings are in hot water with the Securities and Exchange Commission due to a series of Facebook posts that the SEC says may have violated Regulation Fair Disclosure. Earlier this summer, Hastings publicly posted some stats about the company – mainly that Netflix was currently providing users with almost one billion hours of entertainment a month. …

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SEC Investigates Nasdaq and NYSE After Facebook IPO Breakdown

The Securities and Exchange Commission (SEC) isn’t buying that Nasdaq’s much publicized computer glitch on the opening day of Facebook’s IPO was the root cause for all the confusion. In fact, they have seen a couple other cases of so called, trading communication breakdowns coming from the NYSE, and now they want answers. According to Nasdaq, they rewrote some computer …

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Facebook Stocks Finds New Low at $25.75

It seems like everyday marks a new low for the folks over at Facebook. Today, stock prices slipped below the $26 mark to $25.75. Considering shares started out at $38, I would say the IPO has lost almost all of its momentum. But, perhaps it speaks to the climate on Wall Street overall. Groupon also experienced record low stock prices …

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Facebook IPO Pushes Investors off the Stock Market

Sometimes something is just a bad investment, and as time goes on, the shares you purchased in the company just lose more and more value. At other times, as with the Facebook IPO, it is clear that you were swindled. When a big bank like Morgan Stanley suppresses a valuable forecast which they know would certainly stall trading if introduced …

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Starboard Claims AOL Loses $500 Million a Year on Display Ads

In comScore’s latest report regarding the top 50 internet properties in the U.S., AOL came in at #5, with over 110 million unique visitors during the month of April. It’s clear that AOL has maintained a steady audience regarding its collection of sites, regardless of problems with its ad content. The company did report a 5% increase in ad revenue …

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AOL Informs Starboard their Nominees are Useless

Things haven’t been stellar for AOL lately, but they are performing better than many expected. Months ago, Starboard, one of AOL’s major shareholder, voiced their concerns over AOL’s performance and what could be done to unlock shareholder value. More recently, at the end of February, Starboard issued a formal letter to the AOL board of directors asking that they be …

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Facebook Might Switch to NYSE after Nasdaq Failure

Facebook stock closed at $31.99 per share yesterday, and some speculate that there truly is no limit on how low it can go. One of several factors that might’ve contributed to the sensational IPO’s less than stellar performance was an alleged technical problem at NASDAQ early on, which has prompted some investors to sue, and likewise drew the attention of …

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Groupon’s Financial History [Infographic]

Yesterday I reported on a letter to shareholders from Groupon CEO, Andrew D. Mason. The main point of the letter was to express his vision for the future of the online coupon giant and to lay out the pieces of the puzzle so Groupon’s actions made more sense to investors. One key point Mason stressed was that heavy investments back …

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Facebook’s SEC Registration Statement: Zuckerberg’s Letter

For the quarter ending March 31st and for the upcoming initial public offering, Facebook has filed a registration state with the United States Securities and Exchange Commission (SEC) outlining everything financial and otherwise about Facebook you could ever want to know. No, it’s not action-packed or even fun to read, but it does contain some interesting details I would like …

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