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Google is using Nvidia to fight its main rivals: Apple in mobile computing, Microsoft in PCs and gaming, and Facebook in social networking, TheStreet.com says.
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Google is using Nvidia to fight its main rivals: Apple in mobile computing, Microsoft in PCs and gaming, and Facebook in social networking, TheStreet.com says.
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*Government: Firm made over $68 million of illegal profits. NEW YORK, May 13- Former Level Global Investors LP fund manager Anthony Chiasson on Monday was sentenced to 6-1/ 2 years in prison for insider trading, a penalty that the judge in the case said was intended to deter others in the financial industry from similar conduct.
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Hedge Fund Level Global Investors co-founder Anthony Chiasson is also ordered to pay a $5 million fine for insider trading.
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NEW YORK, May 10- The yen slid to a 4-1/ 2- year low against the dollar on Friday, triggering a sell-off in oil and gold as well as safe-haven U.S. and German debt, after recent signs of strength in the U.S. labor market added to bullish sentiment on the dollar. The fall in oil was intensified by rising supplies and doubts over the strength of China's economy. "
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Affymax Inc. fell 27.3 percent to $1.32 with 14,753,200 shares traded. Cisco Systems Inc. rose. 6 percent to $20.96 with 14,540,600 shares traded. Dell Inc. rose 1.2 percent to $13.48 with 40,723,200 shares traded.
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NEW YORK, May 10- The yen on Friday slid to its lowest against the dollar since October 2008 as its decisive break through the 100- yen mark triggered a sell-off in U.S. and German bonds, along with a sharp fall in crude oil. Equities on Wall Street and in Europe were higher, but a measure of global equity markets was lower.
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NEW YORK, May 10- The yen on Friday slid to its lowest against the dollar since October 2008 as its decisive break through the 100 yen mark triggered a drop in the price of safe-haven U.S. and German bonds. Wall Street opened mostly higher, following a rise in European equities, but a measure of global equity markets was lower.
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*Nasdaq rises after results from Priceline, Nvidia. "We're getting more constructive on the second half of the year as both the market and the economy are picking up," said Terry DuFrene, investment specialist for JP Morgan Private Bank in New Orleans. "
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Stocks closed lower Thursday, after the Dow and S&P 500 briefly touched fresh all-time highs. Meanwhile, the U.S. dollar rose above the key threshold of 100 yen for the first time since April 2009.
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Check out which companies are making headlines after the bell Thursday:
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U.S. stock market index futures pared their losses Thursday, following a better-than-expected jobless claims report, but gains were limited following the recent market rally that propelled the Dow and S&P 500 to fresh all-time highs.
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For a market that got pumped up because a so-so monthly jobs report wasn't a disaster, Thursday's weekly jobless claims will be big.
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*Chiasson convicted over trades in Dell, Nvidia. The government said in a Manhattan federal court filing that Anthony Chiasson, who was convicted in December of securities fraud and conspiracy, should spend 97 to 121 months behind bars. In December, a jury convicted Chiasson of using confidential information to trade in shares of computer maker Dell Inc.
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Stocks closed out the week with a bang, with the S&P 500 finishing above 1,600 and the Dow briefly topping 15,000 for the first time, as Wall Street cheered a better-than-expected April nonfarm payrolls report.
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*SAC Capital employee loses bid for new judge. NEW YORK, May 3- A federal judge has set Nov. 18 for the start of the criminal trial of Michael Steinberg, the most senior employee of Steven A. Cohen's hedge fund SAC Capital Advisors to be indicted for insider trading.
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NEW YORK, May 3- With Friday's U.S. payrolls report serving as a springboard to lift Wall Street stock indexes to fresh all-time highs, investors are left to contemplate whether the gains will fizzle or if the upward momentum will continue. said Art Hogan, managing director of Lazard Capital Markets in New York.
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NEW YORK, May 3- With Friday's U.S. payrolls report serving as a springboard to lift Wall Street stock indexes to fresh all-time highs, investors are left to contemplate whether the gains will fizzle or if the upward momentum will continue.
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NEW YORK, May 2- Former Diamondback Capital Management portfolio manager Todd Newman was sentenced to 4-1/ 2 years in prison on Thursday for insider trading in the stock of Dell Inc and Nvidia Corp. District Judge Richard Sullivan also ordered Newman, 48, to forfeit $737,724 and to pay a $1 million fine.
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NEW YORK, May 2- Former Diamondback Capital Management portfolio manager Todd Newman was sentenced to 4-1/ 2 years in prison on Thursday for insider trading in the stock of Dell Inc and Nvidia Corp. District Judge Richard Sullivan also ordered Newman, 48, to forfeit $737,724 and to pay a $1 million fine.
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NEW YORK, May 2- Former Diamondback Capital Management portfolio manager Todd Newman was sentenced to 4-1/ 2 years in prison on Thursday for insider trading in the stock of Dell Inc and Nvidia Corp.. District Judge Richard Sullivan also ordered Newman, 48, to forfeit $737,724 and to pay a $1 million fine.