The Securities and Exchange Commission today obtained an emergency court order to freeze assets in a Zurich, Switzerland-based trading account that was used to reap more than $1.7m from trading in advance of Friday’s public announcement about the acquisition of H.J. Heinz Company.
Investors in SAC Capital redeemed $1.68 billion Thursday, according to people familiar with the matter, a nod to a raft of legal issues that have embattled the hedge fund in recent months since a new government insider-trading case raised questions about founder Steve Cohen's potential involvement in illicit activity.
Wall Street legend Martin Zweig, famous for predicting a market crash just before Black Monday in 1987, has died, his New York firm said.
American Revolution and Civil War battlefields contain crucial insights for 21st century executives wrestling over issues of global decision making, resource deployment and other issues, this author says.
Here are links to last week's top 20 stories.
Now here's an interesting UK initiative around bonuses.
Rich Ricci, the head of investment banking at Barclays (BCS), said management was overly optimistic about the global fee pool when it chose to expand the business in the wake of the Lehman Brothers acquisition.
Japan’s Orix Corp. has agreed to buy Rabobank Groep’s asset-management unit for $2.6bn in its largest-ever acquisition.
Scientist Amy Mainzer discusses the technology used to track asteroids.
David Cameron has pressed Royal Bank of Scotland executives to "accelerate" preparations towards allowing a sell-off of the state-owned bank, possibly before the next general election in 2015.
Three officials from the bank that almost bankrupted Ireland have become the first bankers to be jailed for offences related to the Republic’s financial crash.
Central banks in the Western world have set the scene for an "even bigger version" of the 2007-2008 global financial crisis, Societe Generale's bearish strategist Albert Edwards has claimed.
Often it's the 'don'ts' rather than the 'do's' that separate successful businesses from failures.