NEW YORK, March 13, 2013 - vb-news.net, one of the leaders in providing investment alerts on U.S. stocks are announcing Investment Highlights on BHP Billiton Limited, QUALCOMM, Applied Materials
BHP Billiton Limited (ADR)(NYSE:BHP) has confirmed that the U.S. government is investigating it for possible corrupt practices. Earlier there were reports in the media that the top global miner was being probed for its sponsorship of the 2008 Beijing Olympics.
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"BHP Billiton is fully committed to operating with integrity and the Group's policies specifically prohibit engaging in bribery in all its forms," read BHP’s emailed statement.
Reportedly, BHP spent millions of dollars between 2000 and 2008 on a major Olympics sponsorship deal and hospitality package which involved several VIPs, including senior government officials and CEOs of Chinese steel and mineral company.
However, BHP was not one of the 12 sponsors in the International Olympic Committee's elite "TOP" program and was a local sponsor, paying the organizers an undisclosed sum of money and providing materials for the medals required for the Games.
On receiving questions from the U.S. Securities and Exchange Commission in 2010, BHP said that the agency had discovered possible violations of anti-corruption laws, but only related to some exploration projects that had been terminated.
Meanwhile, QUALCOMM, Inc.(NASDAQ:QCOM) is working with a group of wireless companies looking for means by which cellular networks can automatically broadcast content that is being used by a large number of customers.
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Broadcast could also be used to deliver software updates and to deliver premium content overnight that a consumer could choose to view.
Qualcomm executives are confident that the technology will be extensively used. For now, Qualcomm is building support for LTE Broadcast into its Snapdragon processors. It is also creating the required middleware software.
Qualcomm has demonstrated the technology both at January’s CES and in Barcelona last month.
The technology will go through public tests next year. While Verizon and Telstra plan to do trials, Korea Telecom has plans to use it commercially.
The Ethisphere Institute has named Applied Materials, Inc.(NASDAQ:AMAT) as one of the World`s Most Ethical Companies of 2013.
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"We are honored to be named to Ethisphere`s World`s Most Ethical Companies list for the second year in a row," Charmaine F. Mesina, corporate vice president of legal affairs and company ombudsman at Applied Materials, said. "For more than 45 years, Applied has modeled its core values on ethics and integrity. This prestigious award recognizes our global employees` commitment to the highest ethical standards."
Alex Brigham, executive director of the Ethisphere Institute had this to say: "Applied Materials understands the importance of operating from a strong ethical foundation and how this impacts all parts of the company, ranging from employee retention and recruitment, to culture and financial performance. As more companes develop initiatives to expand their ethics programs across entire industries, Applied`s inclusion as a World`s Most Ethical Company for 2013 is a testament to its exemplary commitment to ethics and integrity."
This year’s list features 138 companies of more than three dozen industries.
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