March 29, 2013 |
NEW YORK - Preet Bharara, the man dubbed the new sheriff of Wall Street, notched another arrest in the government's vast insider trading probe. This time the top federal prosecutor in Manhattan nabbed a top portfolio manager at one of America's biggest hedge funds. SAC Capital Advisors' Michael Steinberg was led out of his Park Avenue apartment building in handcuffs early Friday morning. It's a major arrest at a fund that has long drawn government scrutiny. Bharara, 44, has carved out a reputation for being a tough prosecutor who has overseen some of the most high-profile white-collar criminal cases since the 1980s.
July 20, 2013 |
What does it mean to be gifted in the United States? A national survey in 2011 found that the predominant method of assessment, by far, is the administration of IQ tests and standardized academic tests. At least 34 states, including California, consider such tests an indication of giftedness; they are mandated by at least 16 states. In contrast, only nine states require the use of tests that measure "creativity" and even fewer require the assessment of leadership, motivation or a talent for the performing arts.
August 8, 2010 |
"If I kick my dog (from the front or the back), he will move. And when I want him to move again what must I do? I must kick him again," psychologist Frederick Herzberg wrote in the Harvard Business Review in 1968. But that kind of management produces movement, not motivation, he said. Daniel Pink's new book "Drive: The Surprising Truth About What Motivates Us," published by Riverhead, contains no mention of Herzberg, and that rings an alarm bell. Not that it has any shortage of references to psychological and other academic research.
October 31, 2006 |
French electrical equipment group Schneider Electric said it had agreed to buy American Power Conversion Corp. for about $6.1 billion in cash at $31 a share to expand in the uninterrupted power supply business. West Kingston, R.I.-based APC was under pressure from a shareholder, Matrix Asset Advisors Inc., to sell itself because its share price did not reflect its intrinsic value. APC shares soared $6.26 to $30.02.
March 15, 2013 |
NEW YORK -- One of the country's biggest hedge funds has agreed to pay more than $600 million to settle a civil insider-trading case in what the Securities and Exchange Commission said was its largest settlement involving such corruption on Wall Street. CR Intrinsic Investors, a unit of the Connecticut-based giant SAC Capital Advisors, agreed to pay the penalties in a case stemming from trades involving an Alzheimer's treatment under development by two drug companies. Friday's settlement involves SAC Capital and four other funds managed by CR Intrinsic and SAC. The settlement does not resolve the SEC's case against Mathew Martoma, a CR Intrinsic fund manager whom the agency also sued in November.
CALIFORNIA | LOCAL
November 1, 1993 |
Dear Street Smart: The Air Quality Management District has a hot line to report smoking vehicles, 1-800-CUT-SMOG. Why doesn't the DMV have a hot line to report vehicles driving around with expired plates? I see four to six of these every day. If I have to pay good money to register my vehicle, why shouldn't everyone?
November 21, 2011 |
Americans tend to like their fats saturated, their grains processed, their protein grown on legs and their sugar added anywhere their sweet tooth decides it would like some. As for fiber, they're all for it - in, say, their French fries or the pickles on their burger. In a related development, nutrition experts tend to be bummed out by the typical American diet. In fact, many wish we'd trade it in for a diet that's pretty much the opposite, namely, the Mediterranean diet, which favors monounsaturated fat, whole (unprocessed)