President Bush urged Congress on Friday to quickly pass an economic stimulus package void of extraneous spending, saying only quick action will kickstart the sputtering economy. "I strongly believe it would be a mistake to delay or derail this bill," Bush said.
Attorneys for the brothers of hedge fund manager Seth Tobias say his wife killed him because "Seth was worth substantially more to (her) dead than he was alive, and she knew that."
Four former executives of JDS Uniphase did not commit securities fraud or engage in insider trading when they sold more than $350 million in JDSU stock before its price plunged in 2001, a U.S. jury said Tuesday.
Former Countrywide Financial Vice President Quan Zhu agreed to pay $108,840 to settle insider trading charges, the U.S. Securities and Exchange Commission said on Monday.
A former Morgan Stanley lawyer and her attorney husband who participated in an insider trading ring on Wall Street were each sentenced to six months of home confinement on Thursday.
European aerospace group EADS and its shareholders were engulfed in a deepening controversy on Wednesday as the prosecutor's office confirmed it had received a report on insider share trading from French regulators.
A federal judge on Friday sentenced former Qwest Communications chief executive Joe Nacchio to six years in prison for his insider trading conviction.
The U.S. Securities and Exchange Commission plans to file civil charges against Dow Jones board member David Li over an insider trading probe linked to News Corp's bid for the media company, the Wall Street Journal reported on Wednesday.
The U.S. Securities and Exchange Commission plans to file civil charges against Dow Jones board member David Li over an insider trading probe linked to News Corp.'s bid for the media company, the Wall Street Journal reported on Wednesday.
Warner Music chief executive Edgar Bronfman Jr. was questioned by a Paris court last week as part of an inquiry into alleged insider trading at Vivendi Universal (now Vivendi SA) in 2002, French daily Les Echos reported, citing sources close to the matter.
Three former Countrywide Financial executives agreed to plead guilty to charges they conducted insider trading in shares of the large U.S. mortgage lender, and each reaped tens of thousands of dollars in illegal profits, federal prosecutors said.
Police raided the offices of Germany's Air Berlin as part of an investigation into claims of insider trading ahead of its acquisition of rival dba last year, the carrier said Tuesday.
In court documents filed in New York, the SEC alleged that Barclays and Steven Landzberg, the former head proprietary trader for Barclays' U.S. distressed debt desk, illegally traded millions of dollars of bond securities between March 2002 and September 2003.
The French co-chairman of Airbus parent EADS, Arnaud Lagardere, was questioned for nine hours by stock market regulators as part of an inquiry into alleged insider trading, French media reported Wednesday.
Talk about partners in crime. In a bizarre turn of events, three married couples have been accused this week in separate insider trading cases. Although the cases involve different stocks and different circumstances, all involved couples allegedly using non-public information to trade in stocks. And in two of the cases, the wife allegedly passed inside information on to the husband.
Randi Collotta, 30, a former employee of Morgan Stanley in Manhattan, and her husband, Christopher Collotta, 34, who worked in private practice, were among 13 people criminally charged in the case.
There is a reason why SEC chairman Chris Cox has been on a jihad of late against possible insider trading. And it isn't just suspicious options activity around some big deals like Rupert Murdoch's bid for Dow Jones or the TXU offer. Even some smaller deals are lending some credence to those who say that insider trading is much more prevailant than most people realize.
U.S. regulators accused a husband and wife in Hong Kong of insider trading stemming from their purchases of Dow Jones shares prior to News Corp.'s $5 billion takeover bid.
The U.S. Securities and Exchange Commission on Thursday charged a Wall Street investment banker with leaking confidential information about pending merger agreements, including a deal involving Texas utility giant TXU Corp.
SEC Commissioner Paul Atkins told CNBC's Melissa Lee that the federal regulatory agency should focus on mutual funds and insider trading--not hedge funds.In a taped interview aired on "Squawk Box," Atkins called efforts to regulate hedge funds “not the wisest effort” A Congressional hearing on the issue is scheduled to begin Tuesday in Washington.