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Archive for September, 2017

Equifax’s board is investigating executive stock sales after the data breach

Saturday, September 30th, 2017

Equifax Inc told the U.S. House of Representatives in a letter made public on Friday that its board of directors formed a special committee to review stock sales by company executives weeks before the credit-reporting service disclosed a massive data breach. Three senior executives including the company's chief financial officer sold $1.8 million in shares three days after the company learned on July 29 hackers had breached personal data for up to 143 million Americans.

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CAI International, Inc. (CAI) Expected to Announce Earnings of $0.71 Per Share

Friday, September 29th, 2017

Brokerages expect CAI International, Inc. to report earnings of $0.71 per share for the current fiscal quarter, according to Zacks . Three analysts have issued estimates for CAI International's earnings, with the lowest EPS estimate coming in at $0.65 and the highest estimate coming in at $0.76.

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Troubled Toshiba, Bain finalize sale of memory-chip business

Friday, September 29th, 2017

Toshiba and a consortium led by Bain Capital Private Equity signed a deal Thursday for the sale of the Japanese electronics company's computer memory chip business, a move long opposed by Toshiba's U.S. joint venture partner Western Digital. The consortium includes Apple Inc. and Dell Technologies Capital as U.S. investors, who will not acquire common stock or voting rights over the business.

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Ex-U.S. software chief, ex-Australia bank exec charged in bribery scheme

Thursday, September 28th, 2017

A U.S. grand jury on Wednesday indicted a California technology executive and a former manager at Commonwealth Bank of Australia over their alleged involvement in a bribery scheme to generate more money for shareholders of the executive's cloud computing company. Eric Pulier, the founder and former chief executive of ServiceMesh Inc, was accused of paying $2.5 million of bribes to two technology executives at the bank, so they would arrange $10.4 million of contracts to inflate his company's revenue.

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