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Letter: Get facts straight on Congress
Regarding a recent letter to the editor, "Congress exempts itself" May 4, the writer is certainly entitled to his own opinions, but not his own facts. It is not OK for members of Congress to participate in insider trading. It never was legal for...Tags: U.S. Congress, Elections, Politics
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SAC Capital investors get more time to mull withdrawals -source
ReutersNEW YORK, May 9 (Reuters) - Investors in Steven A. Cohen's SAC Capital Advisors will get a bit more time during the second quarter to decide whether to withdraw money from the $15 billion hedge fund. A source familiar with the hedge fund said on Thursday...Tags: Stamford, Mutual Funds, Steven Cohen, SAC Capital Advisors
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Federal workers relieved by limits on online disclosures
Details of financial transactions by members of Congress and thousands of high-level federal workers were supposed to be posted online last month for anyone in the world to see — a key step, supporters of the move said, toward greater transparency...
Tags: Public Employees, Labor Legislation, Economy, Business and Finance, Computing and Information Technology Industry, Elections
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In Sin City, Paulson glosses over his losses - sources
ReutersBy Svea Herbst-Bayliss and Katya Wachtel LAS VEGAS, May 8 (Reuters) - Days after reporting some of the industry's deepest losses, hedge fund billionaire John Paulson said investors should stick with managers for the long term and reminded a conference...Tags: Mutual Funds, Steven Cohen, Economy, Business and Finance, Citigroup Incorporated, Finance
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Former Enron CEO Skilling to have prison term shortened
ReutersMay 8 (Reuters) - Jeffrey Skilling, the former Enron Corp chief executive, has reached an agreement with federal prosecutors that could result in his 24-year prison term over the energy company's spectacular collapse being shortened by roughly a decade....Tags: Crime, Law and Justice, Punishment, Prisons, Justice System
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Shorter prison sentence for former Enron CEO
Former Enron Corp. Chief Executive Jeffrey Skilling reached an agreement with federal prosecutors that could shave 10 years off of his 24-year prison term. Skilling has already served more than 6-1/4 years in prison following his May 2006 conviction by a...
Tags: Crime, Law and Justice, Prisons, Justice System
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LETTER: Congress exempts itself
How many of you know that it is once again OK for our congressmen to participate in insider trading? After passing a bill during one of the past few years making it illegal, they quietly passed another bill making it OK for them not to report using... -
Insider-trading trial of SAC Capital's Steinberg to start Nov. 18
Reuters* SAC Capital employee loses bid for new judge * Steinberg has pleaded not guilty to five counts By Bernard Vaughan NEW YORK, May 3 (Reuters) - A federal judge has set Nov. 18 for the start of the criminal trial of Michael Steinberg, the most senior...Tags: Mutual Funds, Michael Steinberg, Steven Cohen, Crime, Law and Justice, Lawyers
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SAC fund to adopt claw-back provisions, beef up compliance
ReutersBOSTON, May 2 (Reuters) - Hedge fund titan Steven A. Cohen told investors on Thursday that his $15 billion fund will claw back earnings of any employees whose conduct leads to regulatory or criminal sanctions, according to a letter being sent to... -
U.S. seeks up to 10 years prison for Level Global's Chiasson
Reuters* Chiasson convicted over trades in Dell, Nvidia * Co-defendant Todd Newman got 4-1/2 years prison May 7 (Reuters) - Federal prosecutors want the co-founder of hedge fund firm Level Global Investors LP to spend as much as 10 years in prison for...Tags: FBI, Greenwich, Punishment, Lawyers, Prisons
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Jeweler agrees to plead guilty in KPMG insider-trading case
A San Fernando Valley jeweler agreed to plead guilty to a conspiracy charge and return nearly $1.3 million in stock-trading gains he made from allegedly illegal tips provided by a former partner at accounting giant KPMG. Bryan Shaw, 52, of Lake Sherwood...Tags: FBI, Accounting and Auditing, U.S. Department of Justice, Economy, Business and Finance, Finance
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Naive study ignores that mergers and acquisitions are good
Normally, an academic study as inane as "M&A Confidential: What Happens When Deals Leak" would be dismissed for what it is: a blatant, lame attempt to gin up some public attention for its sponsors. Yet things turned out differently this time — it...Tags: Companies and Corporations, Goldman Sachs Group, Inc., Restructuring and Recapitalization, CNBC (tv network), Shareholders
May 12, 2013
|Story| Aberdeen News
May 9, 2013
|Story| Reuters
May 8, 2013
|Story| Baltimore Sun
May 8, 2013
|Story| Reuters
May 8, 2013
|Story| Reuters
May 8, 2013
|Story| Chicago Tribune
May 4, 2013
|Story| Aberdeen News
May 3, 2013
|Story| Reuters
May 2, 2013
|Story| Reuters
May 7, 2013
|Story| Reuters
May 7, 2013
|Story| Los Angeles Times
May 6, 2013
|Column| Allentown Morning Call
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