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The Two-Way
10:41 am
Mon November 4, 2013

SAC Agrees To Plead Guilty To Insider Trading

Steven A. Cohen, founder and chairman of SAC Capital Advisors, is interviewed in Las Vegas in 2011.
Steve Marcus Reuters/Landov

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.

Reuters reports:

"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."

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The Two-Way
10:23 am
Mon November 4, 2013

Pop In A Cassette And Celebrate? Chrysler's Minivans Are 30

It was radical in its day: Chrysler's minivans first rolled off assembly lines in November 1983. This is one of those original model year 1984 editions.
AP

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.

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The Two-Way
9:57 am
Mon November 4, 2013

Google's Eric Schmidt Says Reports Of NSA Spying Are 'Outrageous'

Executive Chairman of Google Eric Schmidt speaks at the Chinese University in Hong Kong on Monday.
Philippe Lopez AFP/Getty Images

Originally published on Mon November 4, 2013 10:24 am

Google's Executive Chairman Eric Schmidt says reports that the NSA circumvented the Internet giant's efforts to protect its users' data are "outrageous."

Schmidt made the comments in an interview with The Wall Street Journal.

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NPR Story
9:27 am
Mon November 4, 2013

BlackBerry Abandons Plans To Sell Itself, Replaces CEO

Originally published on Mon November 4, 2013 11:39 am

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.

The Two-Way
8:00 am
Mon November 4, 2013

BlackBerry Abandons Sales Plans, Will Replace CEO

BlackBerry's CEO Thorsten Heins officially unveils the Z10 smartphone in January.
Timothy A. Clary AFP/Getty Images

Originally published on Mon November 4, 2013 9:43 am

BlackBerry says it is abandoning a $4.7 billion deal to sell the struggling mobile company to a consortium of investors lead by Fairfax Financial Holdings Limited.

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It's All Politics
7:58 am
Mon November 4, 2013

Monday Political Mix: A Congressman Comes Out

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.

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The Two-Way
7:52 am
Mon November 4, 2013

For Many Iranians, 'Death To America' Are Just Words

Iranian girls show their hands, marked with the words "Down with USA," at Monday's demonstration in Tehran.
Abedin Tahrkenareh EPA/LANDOV

Originally published on Mon November 4, 2013 10:24 am

On this 34th anniversary of the takeover of the U.S. Embassy in Tehran, thousands of Iranians gathered outside that building to once again chant "Death to America."

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The Two-Way
6:34 am
Mon November 4, 2013

Top Stories: Morsi Is Defiant; LAX Shooting Sparks Debate

On patrol: A Los Angeles Police Department officer and her dog were among the security forces on duty over the weekend in Terminal 3 at Los Angeles International Airport. A gunman opened fire there Friday, killing a TSA officer and wounding several other people.
Kevork Djansezian Getty Images
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The Two-Way
5:59 am
Mon November 4, 2013

Morsi Is Defiant As Trial Opens, Then Is Delayed Until January

Supporters of ousted Egyptian President Mohammed Morsi rallied outside the police academy in Cairo where his trial was opened, and quickly adjourned, on Monday.
Khaled Desouki AFP/Getty Images

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."

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Author Interviews
4:42 am
Mon November 4, 2013

Amy Tan Weaves Family Mystery Into 'Valley Of Amazement'

Amy Tan's latest novel, The Valley of Amazement, will be published on Tuesday.
Rick Smolanagainst Against All Odds Productions

Originally published on Mon November 4, 2013 4:28 pm

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.

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