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Venture-capital firm Kleiner wins on all counts in Ellen Pao gender-bias caseExternal Link

Ellen Pao has lost the gender-discrimination suit she brought against venture-capital firm Kleiner Perkins Caufield & Byers, according to reports. Jurors in the high-profile Silicon Valley case found against her on all four claims in the suit, including that the firm retaliated against her by firing her. The jury earlier found against Pao on three of four counts, including that gender was not a "substantial reason" why Pao wasn't promoted, but the judge ordered a return to deliberations on the fourth count -- if Pao had been fired because of retaliation -- after polling the jurors independently and realizing they had failed to reach the required majority.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.


Fri, 27 Mar 2015 22:59:08 GMT
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Amanda Knox acquitted of murder by Italian Supreme court: reportsExternal Link

SAN FRANCISCO (MarketWatch) -- Amanda Knox, an American exchange student who spent nearly 4 years in an Italian jail for the 2007 murder of an English exchange student, had her conviction overturned by the country's Supreme Court Friday, according to published reports. Knox was freed in 2011 and returned to the U.S., while the case continued to work its way through the Italian court system.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.


Fri, 27 Mar 2015 20:56:50 GMT
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Judge orders jury back to deliberations on Ellen Pao's trialExternal Link

SAN FRANCISCO (MarketWatch) -- A San Francisco judge ordered the jury in the Ellen Pao's discrimination trial back to deliberations after they failed to reach the required majority in one of the four claims, according to reports Friday. On whether Pao had been fired because of retaliation, the jurors found eight-to-four for Kleiner Perkins Caufield & Byers, but to deliver a verdict at least 9 out of the 12 jurors must agree. The jury had earlier found for the storied venture capital firm in all claims, saying Pao's gender was not a "substantial reason" why she wasn't promoted.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.


Fri, 27 Mar 2015 20:45:33 GMT
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Gender not 'substantial reason' Ellen Pao not promoted at KleinerExternal Link

SAN FRANCISCO (MarketWatch) -- Ellen Pao's gender was not a "substantial reason" why she wasn't promoted at the storied venture capital firm Kleiner Perkins Caufield & Byers, a California jury said Friday, according to reports. The high profile gender-discrimination lawsuit brought by Pao, a former Kleiner junior partner, has sparked a broad debate about sexism and gender discrimination in Silicon Valley. Pao sued Kleiner for gender discrimination and retaliation, saying she was asked to sit in the back of the room and take notes, passed over for promotion, and eventually dismissed because she spoke out about unfair treatment at the firm due to her gender. Kleiner stressed its leadership in promoting women in venture capital, and sought to paint Pao as not a good fit for her job.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.


Fri, 27 Mar 2015 20:16:59 GMT
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Altera's stock soared 28%, but some of its options rocketed 2200%External Link

NEW YORK (MarketWatch) -- The 28% surge in Altera Corp.'s stock to $44.39 on Friday, after a Wall Street Journal report of buyout interest from Intel Corp. , has some options traders doing cartwheels. Call options expiring in April with a strike price of $36 -- 4.1% above Thursday's closing price -- traded as high as 35 cents per contract prior to the WSJ report, according to Interactive Brokers chief market analyst Andrew Wilkinson. The closing bid Friday, which did not actually trade, was $8.10 per contract, Wilkinson said, which is 2200% (23 times) above the pre-report high of 35 cents. There weren't too many that reaped those awards, however, as Wilkinson said there wasn't much open interest in the options ahead of the news, "just 106,000 contracts [total] at last count."

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.


Fri, 27 Mar 2015 20:03:21 GMT
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