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U.S. markets recover from steep losses
LOS ANGELES, May 14 (UPI) -- The Securities and Exchange Commission Wednesday filed fraud charges against the co-founders of California chip maker Broadcom, court papers show.
The complaint, filed at the U.S. District Court in Santa Ana, Calif., says Henry Nicholas and Henry Samueli purposefully backdated stock options, the Los Angeles Times reported.
The complaint alleges former Chief Financial Officer William J. Ruehle and Broadcom General Counsel David Dull participated in the scheme, the Times reported.
Broadcom settled a similar suit filed April 22 for $12 million. That case involved as many as 88 instances of options grants backdating between June 1998 and May 2003, the Times reported.
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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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NEW DELHI, May 24 (UPI) --
India's state-run National Aerospace Laboratory will work with Kadet Defense Systems to develop NAL's Hansa trainer aircraft into an unmanned airial vehicle.
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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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