November 8, 2013 |
SAC Capital Advisors pleaded guilty to criminal fraud charges Friday, satisfying a deal with the government that requires the Connecticut hedge fund to pay a record $1.8 billion to settle charges that it allowed, if not encouraged, insider trading to occur for more than a decade. The plea came in U.S. District Court in New York four days after the government announced that the once-influential hedge fund owned by billionaire Steven A. Cohen had reached the deal that also required it to shut down its operations to outside investors.
November 6, 2013 |
BEIRUT - A bomb exploded Wednesday in a busy square in central Damascus, killing eight people and wounding at least 50, Syria's state-run media reported. The attack occurred in Hijaz Square in front of the historic Hijaz railway station, a crowded area in the heart of the capital flanked by shops and a hotel. Among the casualties, state media said, were workers carrying out maintenance in the now-inactive station, which has been converted to a museum and memorial for dozens of railroad workers killed in sabotage strikes on the national railway system.
November 4, 2013 |
It's the equivalent of putting a stop sign at a busy intersection after an accident, but the NHL will consider modifying its rules after it found no specific rule to support further punishing Philadelphia Flyers goaltender Ray Emery for his rink-length dash to fight an unwilling Braden Holtby last Friday. Whatever your view of fighting, the other bouts among the Flyers and Washington Capitals involved willing participants. Holtby, the Capitals' goalie, wanted no part of Emery and shook his head negatively several times before Emery unleashed a series of blows, some to the back of Holtby's head.
November 1, 2013 |
Sure, it's the kind of thing a giant corporation does to spiff up its reputation. But if it puts 50,000 books in kids' hands, it's not all bad. Capital One Bank is embarking on a winter promotion that will donate 50,000 books to schools across the country. The bank, through its Investing for Good project, has partnered with the nonprofits the Heart of America and Communities in Schools to create Book by Book . For every "like" Investing for Good gets on Facebook, it will donate another book to Book by Book.
November 1, 2013 |
The Philadelphia Flyers were supposed to be Stanley Cup contenders this season. Instead, it looks like they've gone the goon route in trying to resurrect something worthwhile from a season that's quickly spiraling out of control. In the closing minutes of Friday's 7-0 loss to the Alex Ovechkin-less Washington Capitals, frustrations seemingly reached a boiling point for the Flyers. After former King Wayne Simmonds made a couple of hard body checks on Capitals players, a on-ice brawl ensued between the teams.
October 31, 2013 |
With international high finance the modern era's wild west, it's not surprising Costa-Gavras - a stalwart of the politically minded thriller ("Z," "Missing") - would try to mine banking malfeasance for cinematic suspense. But "Capital," about the machinations engineered by a newly anointed French bank president (Gad Elmaleh) to avoid a takeover from an aggressive American hedge fund mastermind (Gabriel Byrne), never quite gels as either a sharp critique of take-no-prisoners commerce or a voyeuristic wallow in corporate nastiness.