Infosys Limited (NYSE:INFY) [Trend Analysis] attempts to attain leading position in street, Shares price changes as it -0.48% to close at $14.50 with the total traded volume of 7.33 Million shares. Management at Infosys Ltd attempted that to allay concerns that the software services firm was facing a worsening dispute with its founders over how the company was being run, saying that the board was engaging with the founders, including N.R. Narayana Murthy. India’s second-biggest IT services company behind Tata Consultancy Services has been locked in a public war of words with the founders and former executives, who, led by Murthy, have raised concerns over various decisions taken by the board.
The founders, who still own 12.75 percent of the firm, have questioned a pay rise granted to Chief Executive Vishal Sikka and the size of severance payouts given to others, including its former finance head Rajiv Bansal. Addressing a news conference in Mumbai, the company’s non-executive Chairman R. Seshasayee sought to defend the current management and said improvements in the company’s policy on severance payments had already been drawn up.”I must say that I don’t look at this as a battle,” Seshasayee said. “For sure you will have differences in views, differences in perceptions, differences about business judgments and it is our job as members of the board to be open to and to listen to all interests.” The firm has institutional ownership of 19.30%, while insider ownership included 18.20%. Its price to sales ratio ended at 3.23. INFY attains analyst recommendation of 2.80 with week’s performance of 4.47%.
The Western Union Company (NYSE:WU) [Trend Analysis] try to make new thrust in street and making different trends, stocks trading ended with -3.14% to $19.74. Lundin Law PC, a shareholder rights firm announces a class action lawsuit against The Western Union Company (WU), Investors who purchased or otherwise acquired Western Union securities on the open market between February 24, 2012 and January 19, 2017, both dates inclusive, are advised to contact the firm prior to the March 27, 2017 lead plaintiff deadline.
On January 19, 2017, the U.S. Department of Justice and the Federal Trade Commission disclosed that Western Union admitted to “aiding and abetting wire fraud” by allowing illicit money transfers to benefit human traffickers, money laundering schemes, and otherwise enable the transfer of “dirty money.”Western Union also admitted agents were covering money laundering transactions to avoid getting caught. The Company has agreed on a $586 million settlement. The share price of WU attracts active investors, as stock price of week’s volatility recorded 1.99%. The stock is going forward to its 52-week’s low with 25.60% and lagging behind from its 52-week’s high price with -13.04%.