Donald Longueuil and Noah Freeman were tight. They worked together as money managers at giant hedge fund SAC Capital Advisors. They skated together and vacationed together. And, prosecutors say, they traded on inside information together.
Subscriber Content Read Preview
More than a dozen major financial institutions are facing sanctions over problems with internal controls and staffing levels at mortgage servicers.
Subscriber Content Read Preview
The tie-up agreement between NYSE Euronext and Deutsche Börse AG would cost a rival bidder $337 million to break up, according to documents filed with regulators Wednesday.
Big companies are urging the SEC to revise rules for awarding bounties to workers under the agency's proposed "whistleblower" program.
Borders Group filed for Chapter 11 bankruptcy protection and said it plans to close about 30% of its stores in coming weeks.
For the past six weeks, the U.S. stock rally has confounded skeptics and demoralized bears. Wednesday, the Standard Poor's 500-stock index gave doubters more reason for pause.
Subscriber Content Read Preview
Citigroup disclosed awarding six-year stock options for 15 top executives covering 18.2 million shares of the financial services company.
Subscriber Content Read Preview
Financial firms, at a Capitol Hill hearing Thursday, will urge lawmakers to block the Federal Reserve from moving forward on a plan to limit the debit-card processing fees banks charge retailers, the latest move in their persistent battle against the nation's merchants.
Subscriber Content Read Preview
The German government presented a plan to break up regional lender WestLB as it seeks to draw a line under one of the most costly bank rescues in the country's history.
Subscriber Content Read Preview
Spending in Pennsylvania's capital will outpace revenue as early as March, just as the city faces $5.325 million in general-obligation debt payments, according to a consultant hired by state officials.
Subscriber Content Read Preview
The threat of inflation is real. It is just a different threat than many realize.
Subscriber Content Read Preview
Harbinger Capital Partners paid $60 million to settle a lawsuit alleging that it improperly interfered in a 2006 takeover battle and received nonpublic information about a rival's bid.
Subscriber Content Read Preview
Macau casino magnate Stanley Ho filed a new lawsuit to regain control of the holding company through which he held a controlling stake in casino operator SJM Holdings, reigniting the legal battle for control of his multi-billion dollar empire.
The seeds of a sustained increase in food prices are about to be sown in Mississippi, Nebraska and other farm-belt states across the U.S.
Subscriber Content Read Preview
With few new gold strikes around the world that can be turned into profitable mines, South Africa's gold miners are planning to dig deeper than ever before to get access to rich veins.
Subscriber Content Read Preview
Despite complaints from Spain's ailing savings banks that reform efforts are moving too swiftly, the Spanish government is standing firm in its push to quickly convert the local institutions into traditional banks.
Subscriber Content Read Preview
The mutual-fund manager will seek consent of a majority of St. Joe shareholders.
Subscriber Content Read Preview
Subscriber Content Read Preview
To some Americans, the sale of a majority stake in the New York Stock Exchange to Deutsche Börse borders on the criminal. The Big Board is an American institution, a symbol of our financial and corporate might. So who's responsible?
China said it will stop publishing its index of national property prices as part of a broader revision, scrapping a set of data whose accuracy was widely questioned but which also had become a rallying point for public anger over rapidly rising housing prices.