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Tag Archives: shareholders

HSBC says sorry as it takes $700 million hit

LONDON — HSBC PLC apologized to shareholders Monday as it disclosed a $700 million charge to cover the cost of U.S. penalties for lapses including its failure to enforce money-laundering controls in Mexico. The provision was announced as Europe’s biggest ...

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U.S. Supreme Court nixes shareholders’ 10-b claim

A service management company cannot be liable under Securities and Exchange Commission Rule 10b-5 for alleged securities violations of the mutual funds it sponsors, the U.S. Supreme Court has ruled. The case was a class action brought by shareholders ...

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SEC looking into trades of private shares

SAN FRANCISCO (AP) — The Securities and Exchange Commission is looking into the booming trade in the privately held shares of popular social networking behemoths such as Facebook, LinkedIn, Twitter and Zynga, according to reports in The New York Times and elsewhere.

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J&J shareholders reject ‘say on pay’

Shareholders of health care giant Johnson & Johnson on Thursday narrowly rejected a proposal to give themselves a “say on pay” of top executives, but the vote results may not be final.

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