Business / Financial Markets Sep 20, 2013

Investor matchmaking about to get easier in U.S.

Only a year after its launch, Anton Gelman's young technology company secured its first round of investment in January and he is already laying the groundwork for a second, much larger injection of capital. His company, which provides a platform for freelance photographers and video ...

Business / Corporate Sep 17, 2013

'London Whale' to cost JPMorgan $750 million

Authorities in the United States and Britain are set to hand down roughly $750 million in fines against JPMorgan Chase over the bank's disastrous "London Whale" trading losses last year, according to people familiar with the negotiations. The settlements could be announced as soon as ...

SAC Capital is charged in wire, securities fraud

Business Jul 26, 2013

SAC Capital is charged in wire, securities fraud

Federal prosecutors unveiled criminal charges Thursday against famed hedge fund SAC Capital, citing "institutional practices" that encouraged a culture of using inside information to gain illegal profits. The government charged SAC Capital with wire fraud and four counts of securities fraud. The indictment cites activity ...

Business / Corporate Jun 13, 2013

News Corp. publishing arm breakup plan wins approval

After years of being criticized by investors for his love of newspapers, News Corp. Chairman Rupert Murdoch is now a step closer to cleaving off his declining publishing business. Shareholders voted to approve the breakup plan at a special meeting in New York, where the ...

Business / Financial Markets Feb 26, 2013

Government to sell massive JT stake

The government said Monday it will sell a stake in Japan Tobacco Inc. worth nearly ¥1 trillion to help cover reconstruction costs for the 2011 earthquake and tsunami in the country's largest share offering since 2010. The Finance Ministry owns about 1 billion shares, or ...