Boston, MA, 02/19/2014 – Qualcomm, Inc. (NASDAQ:QCOM) is charged with the involvement in overcharging and taking undue advantage of its dominance in China’s market. The allegations come from China’s anti-monopoly regulator on Wednesday, who stated that it has received complaints about the company charging higher for its goods in China than at other countries.If these allegations prove valid than the chipmaker might have to cough up as much as $1 billion towards fines. Apart from Qualcomm, foreign companies like Apple Inc. and GlaxoSmithKline have also been facing tough scrutiny in their operations in the world’s second largest economy. China has been actively involved in scanning the operations of the foreign firms to protect consumers from overpaying and buying second-rate products. As per the analysts,over and above fine, the settlement with Qualcomm, Inc. (NASDAQ:QCOM) may include terms of slashing patent licensing fees for Chinese customers.
Kinross Gold Corporation (USA) (NYSE:KGC) along with other major gold miners have trimmed their reserves and have announced further write-downs down the road, indicating the extent of damage caused by a 27% plunge in gold prices last year. On Wednesday, Kinross gold corp announced a further cut in gold reserve by 33%, which surprised its investors. However, there are few investors who are focussing more on the cash flow generated than the reserves. According to analyst PawelRajszel at Veritas Investment Research, the cash flow improvements are important and primary over reserves. The gold miners state that lower reserves can be an advantage to them if the gold prices rally, however, gold analysts differ on this view.
As per the regulatory filings filed on Tuesday, Halliburton Company (NYSE:HAL) has lifted prohibitions spelled in its bye-laws regarding board members’ compensation outside the company. The oilfield services company made revisions in its bye-laws to allow the new board members to receive cash from outside the group. The decision for the revision has been taken jointly by the 11-member on the board.