CNBC.com Enterprise Reporter Lawrence Delevingne explains why this hefty fine is no big deal for the SAC Capital fund manager, who is worth far more.» Read More
Federal prosecutors are asking SAC Capital for $2 billion to settle criminal insider trading charges, reports CNBC's Mary Thompson; and CNBC's Michelle Caruso-Cabrera reports President Obama and Iranian President Hassan Rouhani did not shake hands at the UN General Assembly today.
Intuit has just announced its partnership with mobile payment giant "Square." CNBC's Jon Fortt speaks with Intuit's CEO Brad Smith about whey they chose Square and are not doing it themselves. CNBC's Kate Kelly reports settlement talks between SAC Capital and the Department of Justice are at a very early stage.
Lawyers for the hedge fund SAC Capital and prosecutors met to discuss a potential settlement of the case.
CNBC's Kate Kelly reports Fed prosecutors allegedly proposed settling the insider trading case with SAC Capital for $1.5-2 billion. SAC lawyers are expected to submit a counter offer in coming weeks.
BOSTON, Sept 13- Three investment professionals have quit Steve Cohen's SAC Capital Advisors, currently fighting criminal insider trading charges, to join a rival hedge fund, two people familiar with the moves said on Friday.
CNBC's Kate Kelly reports SAC Capital is announcing a staff retention program today.
After charges of insider trading were filed in July, investors began pulling money out of SAC Capital. CNBC's Kate Kelly shares how the firm is looking to stay afloat.
SAC Capital started the year with about $6 billion of its $16 billion coming from external assets, reports CNBC's Kate Kelly. Sources say that figure is now at less than $1 billion.
Three weeks after being indicted, SAC Capital is prepared for another round of investor redemptions that could drain nearly all its outside assets by year's end.
SAC Capital is reportedly preparing for layoffs as the hedge fund braces for a new wave of redemptions ahead of Friday's deadline. CNBC's Ron Insana and Kate Kelly, provide perspective.
CNBC's Kate Kelly reports SAC Capital and prosecutors have reached a deal to keep the firm running. And Pete Najarian notices some unusual activity in Macy's.
CNBC's Kate Kelly reports a judge has approved motion to stay civil proceedings against Steven Cohen. SAC's Cohen was charged with failure to supervise his employees as they engaged in what was described as securities fraud.
CNBC's Scott Cohn has the latest on another arrest connected to the insider trading cast against SAC Capital.
CNBC's Kate Kelly shares the details of SAC Capital Steve Cohen's Hampton party this past weekend. The party was for some friends who support ovarian cancer research.
SAC Capital's Steve Cohen went ahead with plans to host guests this weekend following an ovarian cancer donation event, reports CNBC's Kate Kelly; and Michael Bachner, Bachner & Associates; Don Steinbrugge, Agecroft Partners; and CNBC's Robert Frank, discuss.
One person familiar with SAC Capital Steve Cohen's party in East Hampton said a few dozen people came and it included donors to the ovarian cancer research fund. CNBC's Robert Frank has the details.
Just days after SAC Capital was indicted, Steve Cohen hosted an event informally connected to a nearby ovarian cancer benefit. CNBC's Kate Kelly reports the event was weeks in the planning.
SAC Capital founder Steve Cohen decided it was time to party at his 10-bedroom home in the Hamptons ahead of the criminal trial against his firm, reports CNBC's Robert Frank.
CNBC's Josh Lipton looks back at the week's top business and financial stories.
The U.S seeks to force SAC to forfeit their profits related to 4 counts of fraud. CNBC's Kayla Tausche reports the latest. Steve Feldstein, Herrick Feinstein; and CNBC's Robert Frank and Jay Carney provide insight to what is behind the government's efforts to effectively wipe out Steve Cohen and SAC Capital.