A federal judge in San Jose has given preliminary approval to a $14 million settlement of shareholder claims over backdating of stock options against current and former Apple Inc executives, court documents showed. The current and former executives and directors, including Chief Executive Steve Jobs, agreed to the settlement. As part of the deal, Apple's
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Britain's leading share index dipped early on Thursday, as retailers fell after some disappointing results and offset a rally from miners sparked by a recovery in commodity prices. By 0801 GMT, the FTSE 100 index was 17.6 points, or 0.3%, lower at 5,348.6, after losing 0.9% on Wednesday. Investors also remained cautious over any further
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European stocks fell early on Thursday as gains for mining stocks thanks to higher metals prices were offset by weak financials, led by French insurer AXA . By 0815 GMT, the FTSEurofirst 300 index of top European shares was down 0.2% at 1,145.53 points. It has lost 24% this year, hammered by recession and inflation
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The Greek Cypriot side proceeds to direct negotiations for a Cyprus solution with self-confidence, President of Cyprus Demetris Christofias said Thursday. The Cypriot President and his aides left the Presidential Palace in the morning heading to Nicosia airport, in the UN-controlled buffer zone, where substantive negotiations for a Cyprus solution begin in a fresh attempt
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Minister of Foreign Affairs Markos Kyprianou hosted Wednesday evening a formal dinner for the heads of diplomatic missions of Arab countries in Cyprus, on the occasion of the Muslim religious month of Ramadan. According to an official press release, the Minister offered an Iftar – an evening meal for breaking the daily fast during the
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Asian shares fell broadly on Thursday, with shares outside Japan at the lowest since October 2006, hit by persistent instability in the financial sector, while the U.S. dollar struck a one-year high against the euro. Heightened volatility and the potential for sharp economic weakness outside the United States convinced U.S. investors to cut their holdings
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The Henley Cyprus Alumni Association is organizing its first reunion where the Henley Alumni will have the opportunity to meet and exchange views. The event will take place on the September 25th at 8:30pm in Layali Café in Nicosia. The Henley Cyprus Alumni Association is a non-profit making organization with the objective to contribute to
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Standard & Poor's Ratings Services said it had affirmed its 'BBB+/A-' long-term and 'A-2' short-term sovereign credit ratings on The Russian Federation. The outlook on the ratings is positive. "The Federation is a net creditor in excess of 13% of GDP, up from 6% of GDP in 2006, compared with a median net debtor position
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Hellenic Bank’s 2011 Bonds (HBDE.CY) will pay a 5.75% interest for the period 1 July to 30 September 2008 to all its bondholders on 30 September 2008. The ex-interest date is set on 23 September 2008. Additionally, the Bank’s 2016 Bonds (HBDF.CY) will pay a 5.747% interest for the period 1 July to 30 September
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The Board of Directors of Aspis Holdings Public Company Ltd (ASP.CY) announced the following decision following a Board meeting. 1) The cancellation of Resolution 1 of the EGM, which involved the authorization to issue and allocate up to 18,000,000 shares of nominal value EUR0.68 each at the price of EUR 1.20 each as a consideration
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