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  • *Australia's Padbury Mining says ready to build new iron ore port. Padbury Mining said it was obtaining the funds from private Australian equity investors, who required anonymity, with an initial $470 million due in 40-45 days.

  • In total, SAC Capital has agreed to pay $1.8 billion to resolve criminal and civil probes into insider trading. SAC Capital also agreed to be placed on probation for five years, and employ a compliance consultant, former federal prosecutor Bart Schwartz.

  • SAN FRANCISCO/ NEW YORK, April 10- Carl Icahn backed off calls for eBay Inc to spin out its fast-growing PayPal payments unit on Thursday, after the billionaire investor failed to drum up support from the e-commerce company's major shareholders. Icahn withdrew his two nominees to eBay's board ahead of the company's annual meeting in May.

  • In total, SAC Capital has agreed to pay $1.8 billion to resolve criminal and civil probes into insider trading. SAC Capital also agreed to be placed on probation for five years, and employ a compliance consultant, former federal prosecutor Bart Schwartz. The sentencing marks the end of an era for SAC Capital, which by last year had managed $15 billion of assets.

  • 11 Senate Democrats to Obama: Approve Keystone XL Thursday, 10 Apr 2014 | 2:57 PM ET

    WASHINGTON— Eleven Senate Democrats, including six who face contested races this year, urged President Barack Obama on Thursday to approve the Keystone XL oil pipeline by the end of May.

  • To resolve criminal and civil probes into insider trading, SAC Capital has agreed to pay more than $1.8 billion in total. SAC Capital also agreed to be placed on probation for five years, and employ a compliance consultant, former federal prosecutor Bart Schwartz.

  • UPDATE 2-Icahn pulls proposal that eBay sell off PayPal Thursday, 10 Apr 2014 | 12:06 PM ET

    NEW YORK, April 10- Activist investor Carl Icahn has dropped his call for eBay Inc to split off its fast-growing PayPal payments unit but has suggested he would keep pressure on the e-commerce company.

  • The sentencing marks the end of an era for SAC Capital, a hedge fund that last year managed $15 billion but found itself in federal investigators' cross-hairs. An indictment unveiled in July alleged systemic insider trading took place at SAC Capital involving the stocks of more than 20 publicly-traded companies from 1999 through 2010..

  • April 10- Wal-Mart Stores Inc wants Americans, even those on a budget, to buy more organic food. The move could help revive Walmart's flagging grocery sales and boost the profile of the resurrected Wild Oats brand.

  • AHMEDABAD, India, April 10- The way billionaire Indian infrastructure-builder Gautam Adani sees it, working with the government does not make him a crony-capitalist.

  • US judge sentences SAC Capital in $1.8B fraud deal Thursday, 10 Apr 2014 | 3:03 AM ET

    NEW YORK— The once high-flying hedge fund SAC Capital was sentenced on criminal fraud charges Thursday under a $1.8 billion deal that prosecutors say included the largest criminal fine ever imposed in an insider trading case.

  • Wal-Mart and Wild Oats unveil cheaper organic line Thursday, 10 Apr 2014 | 12:02 AM ET

    NEW YORK— Wal-Mart is using its massive size to drive down the price of organic food items from tomato paste to chicken broth to make them more affordable for its low-income customers. Wal-Mart Stores Inc. is unveiling nearly 100 pantry items under the Wild Oats label over the next several months, adding to the 1,600 organic food items it already carries.

  • April 10- Wal-Mart Stores Inc wants Americans, even those on a budget, to buy more organic food. The move could help revive Walmart's flagging grocery sales and boost the profile of the resurrected Wild Oats brand.

  • DAKAR/ LONDON, April 9- A Guinea government report recommended that BSG Resources and its joint venture partner, Brazilian mining giant Vale, be stripped of two iron ore concessions, saying BSGR obtained the rights by corruption.

  • DAKAR/ LONDON, April 9- A Guinea government report recommended that BSG Resources be stripped of two iron ore concessions, saying the company and a joint venture it owns with Brazilian mining giant Vale obtained the rights by corruption.

  • Ukraine's richest man gambles on peacemaker role Wednesday, 9 Apr 2014 | 12:22 PM ET

    *Oligarch Akhmetov mediating with pro- Russia activists. *Coal and steel boss is major player in east Ukraine. KIEV, April 9- Ukraine's richest man has seized on the stand-off between the Kiev authorities and pro- Russia separatists to help forge new political alliances following the overthrow of his former ally, President Viktor Yanukovich.

  • *NOC is Ethiopia's largest private marketer. ADDIS ABABA, April 9- Ethiopia's leading private oil marketer plans to expand into neighbouring east African economies and is interested in part financing a refinery after commercial discoveries in the region.

  • Ex-Anglo Irish bankers have some charges dropped Wednesday, 9 Apr 2014 | 8:58 AM ET

    DUBLIN— A judge has dismissed 13 fraud charges against two former executives of Anglo Irish Bank, the reckless lender that drove Ireland to the brink of national bankruptcy, as authorities continue to seek criminal convictions against directors of the ruined company.

  • ALBANY, N.Y., April 8- New York's highest state court has ruled that a lawsuit by the Algosaibi family conglomerate, claiming that a Saudi billionaire who married into the family committed a $150 million fraud, should be heard in Saudi Arabia.

  • NEW YORK, April 8- A U.S. judge on Tuesday raised a series of questions about a proposed $1.2 billion insider trading accord with billionaire Steven Cohen's investment firm, formerly known as SAC Capital Advisors, in advance of its sentencing on Thursday.

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