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Cree CEO: LED restructuring charges contributed to losses

2015-08-12 00:39:38| Electronics - Topix.net

Cree CEO Chuck Swoboda admits his company failed in its goal to grow company revenue, but blames, in part, charges stemming from a restructuring plan aimed at cutting overhead costs. Swoboda was speaking to investors late Tuesday, an hour after the Durham LED maker announced a fiscal fourth-quarter loss of $88 million.

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SEC charges Miller Energy in US for inflating value of Alaskan oil and gas assets

2015-08-10 01:00:00| Hydrocarbons Technology

US Securities and Exchange Commission (SEC) has charged Miller Energy Resources and its two executives for inflating the value of its oil and gas assets in company financial reports.

Tags: energy sec gas oil

Former Banker Facing Federal Criminal Charges

2015-08-08 23:38:22| Biotech - Topix.net

Jocelyn Brown was indicted by a Grand Jury for crimes she allegedly committed while at La Jolla Bank, which failed in 2010. A one-time loan agent for a now-defunct bank in La Jolla turned herself in to federal authorities Friday to face criminal allegations of paying kickbacks to the institution's vice president and Small Business Administration lending-department manager.

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San Bruno: PG&E asks court to toss out some charges in explosion criminal case

2015-08-05 02:43:16| Energy - Topix.net

PG&E has asked a federal judge to dismiss seven of the 28 counts that government prosecutors filed against the utility for its role in causing a fatal explosion of natural gas in San Bruno, and the court in the case says it will consider PG&E's request. Separately, San Francisco-based PG&E announced on Tuesday a sale of its stock to help pay for penalties imposed on it by state regulators.

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