Electronic Arts gets SEC inquiry into options
Electronic Arts Inc. (ERTS), the world’s biggest video-game publisher, said the Securities and Exchange Commission requested documents related to the company’s stock-option practices. The request covers grants dating back to Jan. 1, 1997, the Redwood City company said in a regulatory filing today. The company said it intends to cooperate with the inquiry. Electronic Arts said in August it found no evidence of backdating when it reviewed options grants going back 10 years.
Agilent OKs $2B buyback, distributes Verigy stake
Agilent Technologies Inc. (A), the 1999 spinoff from Hewlett Packard Co. (HPQ) that is the world’s biggest maker of scientific-testing equipment, said its board approved a $2 billion share buyback and a distribution of Verigy Ltd. shares to investors. Shareholders will receive 50 million shares in Verigy by way of a special dividend next month; Agilan kept an 85 percent stake in Verigy when the company went public in June.
Google refuses to post text of Belgian court ruling
Google Inc. (GOOG) refused to comply Wednesday with a Belgian court decision that required the company to publish the original text of the ruling on its sites, calling that requirement “unnecessary” and “disproportionate.” Earlier this month, the Belgian Court of First Instance ordered the Internet search engine to stop publishing content from Belgian newspapers without permission or payment of fees. Google is removing the Belgian newspapers from its indexes. The court is scheduled to rule Friday on whether Google must publish the text or face fines of $634,000 per day.
S.F.’s InterSearch buys Internet domain banks.com
San Francisco’s InterSearch Group (IGPN), a provider of Internet search services and operator of industry specific destination portals, acquired the internet domain www.Banks.com, hoping to build traffic to its related financial service domains, including http://www.irs.com. Details weren’t disclosed.