News
Harvard Debt Luminaries Don’t Like Austerity As Much As You Think
Two academics whose research became an intellectual touchstone for pro-austerity politicians want everyone to know they have been misunderstood. They actually don't think harsh austerity is such a ...
Microsoft Gets Upper Hand In First Google Patent Trial
Microsoft Corp. came out on top in the first of two patent trials versus Google Inc.'s Motorola Mobility unit on Thursday, as a federal judge in Seattle ruled largely in its favor. U.S. District ...NY City Sues BP Over Deepwater Horizon Spill
New York City said on Friday it sued BP Plc for more than $39 million of losses it claims beneficiaries of the city's pension funds sustained due to BP's "misconduct and fraudulent behavior" linked ...
Moody’s, S&P Settle Lawsuits Over Debt Vehicle Ratings
Moody's Investors Service and Standard & Poor's on Friday said they have settled two long-running lawsuits seeking to hold them responsible for misleading investors about the safety of risky debt ...
IT, Security Sector Booming In Romania, Bulgaria Though Hacking Center Remains
After hacking the Pentagon, NASA and Britain's Royal Navy for fun, TinKode got a real job as a computer security expert for a Romanian cyber safety consultancy. TinKode was the name used by Romanian ...
Judge Won’t Block SEC Use Of Recording Against Goldman’s Tourre
Three years after Fabrice Tourre became the face of a major U.S. regulatory action against Goldman Sachs Group Inc., a newly uncovered phone recording is giving the Securities and Exchange Commission ...SEC Says Man Used JOBS Act To Lure Investors Into Fraud Scheme
The Securities and Exchange Commission on Thursday filed charges against a man accused of luring investors into a fraudulent investment scheme by promising big returns under a provision of the 2012 ...SAC Gives Investors More Time To Pull Money Out
Hedge fund titan Steven A. Cohen is giving investors more time to withdraw their money from SAC Capital Advisor's funds, as his $15-billion firm faces continued federal scrutiny in an insider trading ...