Originally published on Mon November 4, 2013 3:21 pm
Reaching a plea deal with federal prosecutors, the hedge fund firm SAC Capital Advisors has agreed to plead guilty to insider trading, pay a $1.8 billion fine and end its investment advisory business.
"U.S. prosecutors on Monday filed a letter describing the deal to the judges in a pair of cases - one criminal, the other a civil forfeiture action - against SAC Capital stemming from a massive insider trading investigation. The judges would have to approve the deal."
Depending on how many hours you spent in the backseat being tortured by a sibling or how many hours you spent in the driver's seat being forced by your kids to listen to Beat It, this may not be an anniversary you wish to celebrate.
And the honoree has many critics who say it was just darn ugly when it debuted in 1983.
But there are those who seem to be looking back with fondness on the now 30-year-old life of the Chrysler minivan. After all, it's a vehicle that basically created a market that didn't exist, was imitated by others and became a cultural icon.
A few weeks ago, the smartphone maker announced it had signed a letter of intent to sell the company valued at $4.7 billion to Fairfax Financial Holdings. Instead, in a statement released Monday, BlackBerry announced it will receive a $1 billion investment from Fairfax Financial and others. BlackBerry CEO Thorsten Heins will step down and be replaced by interim CEO John Chen.
Originally published on Mon November 4, 2013 8:15 am
Good morning, fellow political junkies.
This week, the political headlines are expected to be dominated by several important off-year elections whose outcomes seem a foregone conclusion, if you believe the polls.
Democrat Terry McAulliffe in Virginia and Republican Chris Christie in New Jersey have significant polling leads in their governor's races. In New York City, Democrat and mayoral candidate Bill de Blasio appears poised to win in a blowout.
Originally published on Mon November 4, 2013 8:46 am
The trial of ousted Egyptian President Mohammed Morsi opened and then was quickly adjourned Monday in Cairo.
The judge ordered a delay to Jan. 8 after Morsi refused to recognize the court's legitimacy or wear a prison uniform, and after Morsi and other defendants disrupted the proceeding with chants that included "down with military rule, this is a state not a military camp."
Amy Tan was 200 pages into a new novel when she attended a large exhibition on Shanghai life in the early 1900s. While there, she bought a book she thought might help her as she researched details on life in the Old City. She stopped turning pages when she came upon a group portrait.