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.
People
Investors raise $11 B to finance British rental homes
In anticipation of a housing shortage and the prospect of higher returns, some 30 institutions plan to invest $11 billion on rental homes in Britain.
Ex-HBOS chief James Crosby resigns as Bridgepoint adviser
Sir James Crosby, the former chief executive of HBOS who is allegedly the architect of its collapse, has quit as adviser to private equity firm Bridgepoint
Michael Pausic Resigns from Maverick Capital
Michael Pausic, long time fixture at Maverick Capital would be establishing his own hedge fund. Michael Pausic of Maverick Capital manages media and telecommunications investments at the hedge fund.
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.
Latest News
The Chesapeake Energy Board picks COO Dixon as interim CEO. Chesapeake Energy Corp chose COO Steve Dixon to become its acting CEO after co-founder Aubrey K.
Glass Lewis follows ISS recommendation that MetroPCS Shareholders should vote against merger with Deutche Telekom AG's U.S. business unit T-Mobile USA.
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.
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.
