LAS VEGAS— A Nevada judge has decided a wrongful termination case against Macau- based Sands China Ltd. and Sands Chairman Sheldon Adelson can stay in Nevada largely because of the influence Adelson wielded over the company, often from several thousand miles away. Clark County District Court Judge Elizabeth Gonzalez issued her ruling Friday afternoon after...» Read More
Tyler and Cameron Winklevoss, the towering Olympic rowers and identical twins who you remember from The Social Network movie as the guys who gave Mark Zuckerberg the idea for Facebook, had their case against Zuckerberg thrown out of court yesterday.
Remember Paul Ceglia? He's the fellow in upstate New York who sued Mark Zuckerberg last July, claiming that, way back in 2003, Zuckerberg had agreed to give him a 50% ownership in the project that became Facebook.
Hospital operator Community Health Systems fired back against fraud allegations from rival Tenet Healthcare Tuesday, to claim a lawsuit levied by Tenet is "completely without merit."
How will Raj Rajaratnam's defense team counter all those undercover recordings of the hedge fund mogul receiving inside stock tips? By showing that the tipsters weren't telling him anything he didn't already know.
The federal judge overseeing the NFL players' request to lift a lockout by the owners says it will take "a couple of weeks" to rule.
CNBC's Scott Cohn has the story on an alleged insider trading scheme run by two men that goes back more than 15 years and involved some of the biggest deals in tech.
Fund manager Raj Rajaratnam made $1 million in two minutes of frantic calls after receiving an inside tip about a big investment in Goldman Sachs at the height of the financial crisis, prosecutors said this week at the Galleon founder's insider trading trial.
Dozens of foreign companies with London listings may be exempt from new anti-corruption laws, Ken Clarke has confirmed, a disclosure that will anger investors keen to preserve the integrity of London’s markets, the Financial Times reports.
When the Supreme Court considers on Tuesday whether hundreds of thousands of women can band together in an employment discrimination suit against Wal-Mart, the argument may hinge on the validity of the hotly disputed conclusions of a Chicago sociologist, the New York Times reports.
Shares of Eastman Kodak surged 20 percent in late trading on Friday after the International Trade Commission said that it would review the camera maker's loss in a patent battle with Research in Motion and Apple.
Secretly-recorded audio played by prosecutors reveals a phone conversation between hedge fund executive Raj Rajaratnam and his brother Rengan in which Rengan was concerned that the media had picked up on the deal.
A former American Apparel sales associate filed a lawsuit on Wednesday alleging she was sexually harassed by Dov Charney, the company’s unconventional chief executive and founder best known for promoting his American-made T-shirts and leggings in provocative ads that feature young women, the New York Times reports.
Federal prosecutors say they do plan to call Goldman Sachs Chairman Lloyd Blankfein as a witness in the insider trading trial of Raj Rajaratnam, according to a letter sent to the judge in the case.
After one week of testimony in the insider trading trial of Galleon Group co-founder Raj Rajaratnam, one thing is clearer than ever: In the brutally competitive world of hedge funds, information is everything. A jury will ultimately decide whether the information Rajaratnam got—and made millions trading with—was illegal inside information. But there is no disputing that he went to great lengths to get it.
A taped conversation played for jurors in the criminal insider trading trial of hedge fund manager Raj Rajaratnam Tuesday indicated the Goldman Sachs board had a "divided" discussion in the summer of 2008 about trying to buy a commercial bank such as Wachovia.
At least as noteworthy as what attorneys did say in two-and-a-half hours of opening statements in the Raj Rajaratnam insider trading trial is what they did not say.
The inspector general for TARP has 45 investigators across the country empowered to carry guns and badges, and 27 vehicles with sirens and lights. Known as SIGTARP agents, they are empowered to make arrests, and they’ve done just that 23 times, a spokesman said.
Even as state attorneys general and regulators approach the end of their investigation into abuses by mortgage companies, deep disputes are emerging over how much to punish the banks, the New York Times reports.
Rajat Gupta vigorously denies the insider trading charges the SEC lodged against him, calling them “totally baseless.”
The Securities and Exchange Commission's charges against ex-Goldman Sachs board member Rajat Gupta on insider trading is yet another blow to investor confidence, Matthew Halbower, CEO and chief investment officer of hedge fund Pentwater Capital Management, told CNBC Tuesday.