Eutelsat and ViaSat Close European Broadband Joint Venture

Building on a decade-long relationship, Eutelsat and ViaSat are creating a partnership that will expand Eutelsat’s current wholesale broadband business and launch a new consumer retail service in Wholesale Services will focus on providing wholesale broadband and mobility services in the European and Mediterranean regions to the newly established retail services business and existing Eutelsat distributors. Eutelsat is contributing its current European broadband business including the KA-SAT satellite to the newly formed entity, owned 51% by Eutelsat.

Origin Asset Management LLP Has $341,000 Stake in Cavium Inc

Origin Asset Management LLP continued to hold its position in Cavium Inc during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission . The institutional investor owned 5,466 shares of the semiconductor provider’s stock at the end of the fourth quarter.

8 8, Inc. (EGHT) Shares Sold by Renaissance Technologies LLC

Renaissance Technologies LLC lowered its position in shares of 8 8, Inc. by 12.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission . The institutional investor owned 1,698,500 shares of the company’s stock after selling 246,930 shares during the period.

Exxon Caves to Oil Crash With Historic Global Reserves Cut

Exxon Mobil Corp. disclosed the deepest reserves cut in its modern history as prolonged routs in oil and natural gas markets erased the value of some North American fields. The equivalent of about 3.3 billion barrels of untapped crude was removed from the so-called proved reserves category in Exxon’s books, the Irving, Texas-based explorer said in a statement.

Briefs

The Securities and Exchange Commission has extended the deadline for submitting the special audit report of KC Property Public Company Ltd to March 8. Earlier, the SEC ordered KC to have a special audit on the internal control system concerning the issuance of bills of exchanges, related receipt and payment transactions, and accounting records practice. The company was also required to examine the issue raised by the auditor whether the questionable transactions of land sales and purchases were in line with the normal course of business operation.

Apple Inc. (AAPL) Shares Sold by Quantbot Technologies LP

Quantbot Technologies LP reduced its stake in shares of Apple Inc. by 0.0% during the third quarter, according to its most recent filing with the Securities and Exchange Commission . The institutional investor owned 44,728 shares of the iPhone maker’s stock after selling 14 shares during the period.

Yahoo delays sale of core business to Verizon

Yahoo said Monday its $4.8 billion deal to sell its core internet assets to US telecom titan Verizon has been delayed several months. The closing originally set for this quarter has been pushed into next quarter due to “work required to meet closing conditions,” the California online pioneer said in a statement, adding that it was “working expeditiously to close the transaction as soon as practicable.”

Trump to tap Wall Street lawyer Jay Clayton to head SEC

President-elect Donald Trump will nominate Wall Street lawyer Jay Clayton to head the Securities and Exchange Commission , according to Sean Spicer, a spokesman for Trump’s transition team. As chair of the SEC, which polices Wall Street and the financial markets, Clayton would play a key role in Trump’s efforts to usher in a period of deregulation, including undoing parts of 2010’s financial reform legislation, known as the Dodd-Frank Act.