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Swiss voters reject strict executive pay limits

Dunce's Cap

Swiss voters rejected a proposal on Sunday to cap the salaries of top executives at 12 times that of a company's lowest wage, heeding warnings from industry leaders that the measure could harm the country's economy.



Courtroom Gavel

Trader convicted of spoofing

A jury on Tuesday convicted high-frequency trader Michael Coscia of commodities fraud and 'spoofing', in the U.S. government's first criminal prosecution of the banned trading practice.

Dog Detective

Goldman faces auction probe

Goldman Sachs added the offering and auction of securities, as well as 'when-issued trading', to a list of activities that regulators and other government bodies are investigating.