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Transcripts For BBCNEWS Business 20240607



we start in the us, where the british tech tycoon mike lynch has been cleared of fraud charges in a san francisco court. once hailed as a uk bill gates, mr lynch was facing fraud charges over the $11 billion sale of his software firm, autonomy, to hewlett packard back in 2011. mr lynch had been accused of inflating the value of his firm ahead of the sale a jury has found him not guilty on all counts. our north america business correspondent erin delmore has the details. when autonomy was sold to hewlett packard 13 years ago for $11.1 billion, it was one of the top 100 public companies in the uk. the sale marked the la rgest ever takeover of a british technology business. but hewlett packard later wrote down the company s value by more than $8 billion, leading to criminal charges that mike lynch had defrauded hewlett packard by inflating the value of autonomy. the businessman was extradited from britain to the united states to stand trial on the charges, which could ha ....

Mike-lynch , Trial , Jobs , Us , Fraud-charges , Numbers , Eyes , Tech-tycoon , Heading-home , British , Farms , Interest-rate-call

Business Today

Maybe make this type of activity more difficult but again as we can already see, this is happening once more, it will draw a lot more attention on the space and where that more needs to be done but it may already discourage brokers from trading on these particular stocks. from trading on these particularstocks. i m from trading on these particular stocks. i m sure there are many looking at this now and making sure they are not overly exposed and putting their clients in a vulnerable position. we will see over the coming weeks just how important those hearings were and how forceful and how much they will ultimately be protected because already we have seen the gamestop stock price soar and plummet and now saw another 76% in the last couple of days. thank you very much, craig. to south korea now, where union members among workers at the tech giant samsung are on strike. it s the first strike in the company s history. the union is calling for extra leave and transparent bonuses. nick mars ....

Attention , Brokers , Needs , Activity , Space , Type , Trading , Stocks , Position , Clients , Particularstocks , Gamestop