Author: InvestAdvocate

Oracle-SAP trial goes to jury with billions at stake

By Agency Reporter Wednesday, 24 Nov 2010 CALIFORNIA: Oracle Corporation‘s chief, Larry Ellison, pulled numbers ”out of the air” when he estimated SAP AG owed billions of dollars in damages for the theft of Oracle software, a SAP lawyer told a United States court on Monday, Reuters reported on Tuesday. For […]

Ex-SAC Capital Traders Implicated in U.S. Insider Trading Probe

November 23, 2010. By David Glovin, David Voreacos and Patricia Hurtado   Nov. 23 (Bloomberg) — Former traders of Steven A. Cohen’s SAC Capital Advisors LP have been implicated in a widening U.S. crackdown on insider trading on Wall Street.   Federal Bureau of Investigation agents yesterday searched the offices […]

J. Crew near $3bn buyout

By Agency Reporter Wednesday, 24 Nov 2010 NEW YORK: J. Crew Group Incorporated, the New York-based clothing retailer, is close to an agreement to be bought by TPG Capital and Leonard Green & Partners for about $2.8bn, according to two people with knowledge of the matter. TPG and Leonard Green would […]