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Nasdaq Aims to Pay Up in SEC Facebook Probe

Nasdaq OMX Group Inc. plans to set aside $10 million in anticipation of settling a regulatory investigation into its handling of Facebook Inc.’s stock-market debut, according to people familiar with Nasdaq internal discussions.

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Netflix Cues Up Facebook, Twitter for Disclosure

Netflix Inc. is making it official: It “likes” social media.

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Nasdaq Is Still on Hook as SEC Backs Payout for Facebook IPO

U.S. regulators approved a plan by Nasdaq OMX Group Inc. to pay customers as much as $62 million for losses stemming from last year’s bungled Facebook Inc. stock-market debut, though the decision left the door open for Wall Street firms to take further legal action.

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U.S. Probes Microsoft, Partners Over Bribery Claims

Federal regulators are investigating Microsoft Corp.’s relationship with business partners that allegedly bribed foreign government officials in return for software contracts, according to people familiar with the matter.

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SEC Case Against Mark Cuban to Proceed

A federal judge in Dallas has denied a request by Dallas Mavericks owner and billionaire entrepreneur Mark Cuban to dismiss an insider-trading lawsuit.

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Judge Won’t Approve IBM, SEC Bribery Settlement

A federal judge castigated the Securities and Exchange Commission and International Business Machines Corp. Thursday, warning he wouldn’t “rubber stamp” their pending $10 million settlement over violations of an anti-bribery law.

Yahoo Ordered to Pay $2.7 Billion (Yes, Billion) by Mexican Court

A standoff.
yahoo_sad_011238517088_640x360

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Hewlett Packard: Products Weren’t Knowingly Sold to Syria

Hewlett-Packard Co. says its technology wasn’t knowingly sold to Syria. The Palo Alto, Calif., technology giant made that assertion to the Securities and Exchange Commission in response to a letter dated Sept. 6 and disclosed in a recent regulatory filing.

Can the Hedge Fund Dudes Save Groupon’s Stock?

The capitalist kind can be very helpful.
pigs to rescue

News Byte

Andreessen Horowitz Distributes Facebook-Instagram Shares, But Holds Bulk of Direct Investment

According to a new filing to the Securities and Exchange Commission, high-profile Silicon Valley venture firm Andreessen Horowitz has sold just over 4.6 million shares of Facebook that it got from the sale of its investment in photo-sharing site Instagram. And, as had been previously reported, Marc Andreessen, who is a Facebook director, is also unloading a small amount of stock to cover his personal tax liabilities. In addition, one of the limited partners of Andreessen Horowitz also asked for a distribution of the firm’s direct investment. The firm continues to hold close to 3.9 million shares of Facebook, whose stock has taken a beating since it went public earlier this year. That’s due to a number of reasons, including the end of lock-up periods of a huge number of Facebook employee shares that are now able to come onto the market.