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U.S. markets recover from steep losses
WASHINGTON, April 25 (UPI) -- U.S. regulators say they plan no civil charges against Apple Inc. but left uncertain the status of company Chief Executive Officer Steven Jobs.
The U.S. Securities and Exchange Commission spelled out its case of alleged fraudulent backdating executive stock options against the computer giant in a lawsuit against two former Apple executives.
While the suit indicates Jobs' involvement, it does not show that he had any knowledge of the fabrication of documents, The New York Times said.
But, an attorney for one of the two executives named in the lawsuit said in a statement the Apple chief had been "cautioned" about necessary procedure.
Named in the suit were Nancy Heinen, Apple's general counsel until last May, who will contest the charges, and Fred Anderson, chief financial officer from 1996 to 2004, who reached a settlement but admitted no wrongdoing.
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CANBERRA, Australia, May 23 (UPI) --
Australia has passed legislation establishing the $10 billion Clean Energy Finance Corp. to provide grants and government investment to green projects.
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ORLANDO, Fla., May 23 (UPI) --
The U.S. Air Force has added Lockheed Martin to its list of companies for support of its medical services worldwide.
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The housing inventory rose slightly in April, which is unusual in the middle of the spring sales season. The uptick may be the result of rising seller confidence and it should ease concerns that the super tight inventory levels of the last six months...
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What if Europe turned out to be the new Japan?
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