Originally published on Thu July 25, 2013 10:29 am
Federal officials in New York City have charged SAC Capital Advisors with insider trading, the culmination of a protracted investigation into the hedge fund founded by embattled billionaire Steven Cohen.
SAC is charged with one count of wire fraud and four counts of securities fraud in connection with alleged insider trading by "numerous employees" at "various times between in or about 1999 through at least in or about 2010," according to the indictment.
Originally published on Thu July 25, 2013 10:12 am
The city of Detroit may be on the skids financially, but one of its traditional "big three" automakers just scored a big win.
For the first time since it began making such comparisons between sedans in 1992, Consumer Reports magazine has given its top rating to a model made by a U.S. automaker — not one made by a European or Japanese company.
The increase is from what had been a 10-week low. But basically, claims have been ranging between the mid-330,000s and mid-370,000s all year. Like other employment indicators, the jobless claims figures have been signalling that job growth remains modest.