Portfolio manager Michael Steinberg at Steven A. Cohen's hedge fund SAC Capital Advisors was arrested on as part of a long-running investigation on insider trading.
People
Guilty Claims Ex-Goldman Trader
Matthew Taylor admits to wire fraud in Goldman Sachs case filed against him. Former Goldman Sachs Group Inc trader Matthew M. Taylor entered a plea of guilty last Wednesday on charges of defrauding the Wall Street bank with unauthorized future trades back in 2007.
New Slovenian Central Bank Governor Appointed
Bostjan Jazbec is the new central bank governor of Slovenia. Bostjan Jazbec, the International Monetary Fund expert has been appointed as the central bank governor of Slovenia.
Dell Would Walk Away if other Deals Accepted
Dell would walk away if he is not retained as CEO. Michael Dell, in a statement, would only consider a buyout plan with Blackstone Group if the private equity guarantees that he remains as its CEO.
SAC Capital Advisors Exec Arrested
Michael Steinberg is the highest ranking SAC executive to be arrested for insider trading. Michael Steinberg, portfolio manager at SAC was charged with insider trading by US prosecutors.
Latest News
Warren Buffet, an American businessman, will become one of the ten largest shareholders in Goldman following a deal he signed with the bank to exchange his profits on warrants for stock.
Icahn and Blackstone open discussion to team up on Dell buyout. Two of the most renowned equity investors in the United States may very well put a damper on the US$24.
Construction firm Arabtec has hired Shohidul Ahad-Choudhury, former executive of Deutsche Bank as the new mergers and acquisitions head.
Top executives of successful companies have their lives in the hands of their public, like Murdoch of News Corp and Hamm of Continental Resources.
Several hoaxes on stocks have emerged from the social media site Twitter as investors use the site as source of stock information.
P.Schoenfeld Asset Management LP has called for the resignation of MetroPCS CEO for irregularities and conflict of interest.
Dmitry Avdeyev, Rosneft's chief financier, steps down from the position after the Russian oil producer said that it had completed its acquisition of TNK-BP.
Blackstone eyes Hurd for CEO if and when it takes over Dell. The Blackstone Group LP is making an aggressive offer to hire Mark Hurd from Oracle to be the new CEO of Dell.
Cleary joins Tullis Health to help in its expansion plans. Michael Cleary was recently appointed by Tullis Health Investors as its new Director of Investor Relations and Marketing.
