Shares of Scientific Games Corporation ( SGMS ) fell 21.8% and closed at $13.85 after the company released its third quarter results. Management Changes The company announced the retirement of Mr. Joseph R. Wright from the post of CEO at year-end, although he will continue on the board. Mr. Michael R. Chambrello was named the new CEO. This news affected the company’s stock price negatively. Results Analysis Earnings, excluding the impact of one-time items, were 24 cents per shar

Vevo, an online music video service expected to launch later this year, has landed AT&T as an advertiser, both companies have announced.According to Rio Caraeff, president and CEO of Vevo, and Chris Schembri, AT&T's VP of media services, AT&T will provide financial support to the music service - a joint venture of YouTube, Universal Music Group, and Sony Music Entertainment - "across a variety of connected platforms."It's a significant win for Vevo, reinforcing the industry notion that its model

WSJ reports former AMD CEO Hector Ruiz has been linked to the Galleon inside trading scandal. The report suggests Ruiz may be the AMD executive that tipped off a hedge fund about the deal the company made with Abu Dhabi to spin off the company's manufacturing arm. The involvement of Mr. Ruiz, 63 years old, adds the biggest name yet to the case, in which Raj Rajaratnam, co-founder of the hedge-fund firm Galleon Group, and five others including Ms. Chiesi face federal criminal and civil charge

The Raj Rajaratnam / Galleon Group insider trading case is showing new signs of being a more serious problems for insiders in Silicon Valley. In the latest twist, the Wall Street Journal reports that former Advanced Micro Devices (AMD) CEO Hector Ruiz is the AMD exec referred to in a criminal case filed by the Manhattan D.A.’s office which alleges that an unnamed executive of the chip maker shared confidential information with defendant Danielle Chiesi , a former employee of the

AMD’s Ex-CEO Ruiz Oct. 27 (Bloomberg) — Hector Ruiz, former chief executive officer of Advanced Micro Devices Inc., is the AMD executive who government prosecutors allege provided information to a defendant in the Galleon insider-trading case, a person familiar with the investigation said. An unnamed “AMD executive” was cited in a complaint filed against Danielle Chiesi, who is accused of using nonpublic information to trade stocks. The person identifying Ruiz as the executive asked to re