Kevin Dowd pleaded guilty against an insider trading case filed against him in a US District Court in New Jersey.
Legal & Regulatory
Activision Blizzard's moves to repurchase its shares face legal stumbling blocks
The bid for independence of Activision Blizzard from Vivendi is still subject to shareholder approval.
Bankrupt LightSquared gets new bidding process approved by court
After its creditors opposing the original auction process for the assets of LightSquared Inc, the new plan was approved by the bankruptcy court.
New Zealand bails out stricken coal miner
The New Zealand government along with private lenders had agreed to aid stricken coal miner Solid Energy with a multi-million bailout fund.
Ally's James Mackey to become Freddie Mac's finance chief
Freddie Mac announced its new chief financial officer, James Mackey, a top executive in Ally Financial Inc. last Monday.
Latest News
Nigerian President Goodluck Jonathan handed control of 14 power companies formerly owned by the state to private investors.
The Blackstar Group said it would be fighting the court proceedings initiated by Shoprite Holdings to reverse its stock trades in Zambia.
As the US Capitol registered no activity on the possibility of a government shutdown, a report outlined some possible financial effects if it finally occurred.
A National Journal report said the US government would be headed for a shutdown if the two houses of Congress still won't come to an agreement on Obamacare.
According to a spokesperson for Tata Sons, the group had comprehensively addressed all questions from all probing government agencies regarding the 2007 deal between Tata and Unitech.
The US Congress had one more day left before ending the budget stalemate as risks were dramatically increased in the first US government shutdown.
CapAsia executive Vijay Sethu filed a defamation case against Johan Bastin, also an executive in the company, in the Singapore High Court, said a Bloomberg report.
China Securities Regulatory Commission had ended an 18-year trading hiatus on Treasury bond futures, said a Bloomberg report.
The large volume IPO companies have helped the European IPO boom. The cheap valuations and the strengthening economies were the main factors that put investments to full work in Europe, resulting in a sixfold volume increase in the third quarter for initial public offers in the region.
