March 31, 2008

Exchange slams full suspension on Afroil, Capital Oil

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N IGERIAN Stock Exchange , yesterday placed the stocks of Afroil and Capital Oil Plc on full suspension, on the receipt of a letter from the Securities and Exchange Commission , to that effect. via Guardian Newspapers

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SEC Is Investigating Trading in Lehman Brothers Stock, People Familiar Say

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U.S. regulators are investigating whether traders spread false rumors about Lehman Brothers Holdings Inc. via Bloomberg Business News

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Google Announces Internet Availability of Proxy Materials for its 2008 Annual Meeting of Stockholders

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Google Inc. today announced the Internet availability of proxy materials for its 2008 Annual Meeting of Stockholders under the U.S. Securities and Exchange Commission’s new Notice and Access rule. via WebWire

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Apple execs sell stocks

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Apple Chief Operating Officer Tim Cook sold 300,000 shares of Apple stock on Monday at US$135.86, reports MarketWatch . via Macsimum News

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CNet Cuts 120 Jobs

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CNet Networks says it is laying off 120 employees, or 4.4% of its workforce, as part of an effort to streamline the online media company while generating more content for its news and entertainment sites. via Neowin.net

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New York Times CEO Earns $2.1M in 2007

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NEW YORK New York Times Co. President and Chief Executive Janet Robinson received total compensation valued at $2.1 million in 2007 but got no stock options, reducing her pay 38 percent from a year ago, … via Editor & Publisher

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Treasury regulatory overhaul plan “timely”: Fed

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“The SEC has a very proscriptive old-style approach to government. Putting those two in the same room doesn’t solve any problems. In fact, I think it would create a calamity” Upcoming Treasury Department proposals to make the Federal Reserve the chief regulator of U.S. financial markets and give it sweeping new powers won praise on Saturday from the central bank and the head of the … via Earth Times

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Consol CEO’s Compensation Increases 13 Percent

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Consol Energy Chief Executive Brett Harvey’s compensation rose nearly 13 percent to $8.46 million last year, despite a mixed performance by the Pittsburgh-based coal mine operator. via Canadian Business Magazine

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SEC Has Plan to Recognize Foreign Market Rules

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“The steps we are announcing today are designed to better coordinate SEC regulation of the U.S. capital markets with our counterparts’ regulation in the larger global marketplace” The Securities and Exchange Commission unveiled a plan on Monday to accept the market rules of a foreign regulator and thereby make it easier for non-U.S. banks, brokers and exchanges to operate in the United … via BNET

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Heinz North American President and CEO David C. Moran Exercises Options for 46,055 Shares

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The president and chief executive of the North American unit of H.J. Heinz Co., one of the world’s largest food companies, exercised options for 46,055 shares of common stock under a prearranged trading plan, … via Canadian Business Magazine

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