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Steve Cohen says insider trading rules are vague

Hedge fund billionaire Steven A. Cohen in sworn testimony earlier this year called the rules on insider trading very vague and said sometimes it's a judgment call as to whether a tidbit about a public company is inside information.

Hope Turns to Cash in Silicon Alley

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This December, Santa may well deliver more than just candy or coal to the entrepreneurs of Silicon Alley startups. If 2011 has been any indication, more money than ever before is being dumped into the coffers of New York-based high tech firms. For example, consider the following deals that have just happened:
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Greek debt swap talks make progress, no deal yet

A deal to restructure Greek bonds could see banks rank on an equal footing with official euro zone lenders to the country under a plan being discussed, one of the lead negotiators said on Tuesday.
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Exclusive: Steve Cohen calls insider trading rules vague

Hedge fund billionaire Steven A. Cohen in sworn testimony earlier this year called the rules on insider trading very vague and said sometimes it's a judgment call as to whether a tidbit about a public company is inside information.
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FDIC settles with former WaMu executives: sources

Three former executives of Washington Mutual Inc have agreed to a payment of about $75 million to settle a lawsuit brought by the Federal Deposit Insurance Corp over their role in the biggest bank failure in U.S. history, two sources familiar with the talks said on Tuesday.
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Wall Street led higher by energy sector

Stocks rose on Tuesday as energy shares rallied on higher crude oil prices, but trading was volatile after German Chancellor Angela Merkel rejected any suggestion of raising the limit on Europe's bailout fund.
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Corzine says gave no order to move MF Global funds

Former MF Global chief Jon Corzine said on Tuesday he felt a need to clarify his prior statements, definitively telling a new panel of lawmakers that he never gave instructions that could have been misinterpreted as permission to misuse customer funds.
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DuPont expects 2012 profit to beat Street

DuPont expects to beat Wall Street's earnings expectation next year, with executives stressing that strong agricultural and chemical sales will offset weak shipments to electronic and housing customers.
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Best Buy's profits squeezed by discounts

Best Buy Co's quarterly profit missed Wall Street estimates as bigger discounts during the key holiday selling season ate into profits at the world's largest electronics chain.
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Lawmakers irritated by lack of MF Global answers

U.S. lawmakers investigating the collapse of futures brokerage MF Global showed frustration with the firm's leaders about what happened to hundreds of millions of dollars in missing customer funds.
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Cloud tech firm CloudShare sees 2012 sales surge

U.S.-Israeli start-up CloudShare, whose technology enables Web-based development and testing of software applications, expects to as much as triple sales in 2012 as its benefits from the rapidly growing cloud computing market.
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Retail sales rise less than expected in November

Retail sales rose less than expected in November as a drop in receipts for food and beverages weighed against stronger sales of motor vehicles, tempering some of the expectations of a strong holiday shopping season.
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Futures bounce ahead of Fed assessment

Stock index futures rose on Tuesday following an equities selloff the day before, but anxiety over Europe's debt crisis was seen keeping markets jittery ahead of the Federal Reserve's assessment of the U.S. economy.
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Futures signal slight rebound

Futures pointed to a slight rebound on Wall Street on Tuesday, with futures for the S&P 500 up 0.46 percent, Dow Jones futures up 0.41 percent and Nasdaq 100 futures up 0.34 percent at 5:28 a.m. ET.
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Stocks and euro steady, downgrade fears weigh

European stocks and the euro steadied on Tuesday after sharp sell-offs on disappointment about last week's EU summit but any gains could be short lived due to lingering concerns over credit rating downgrades and the health of the banking sector.
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European stocks, euro steady after sell-off

The sell-off in European stocks and the euro eased on Tuesday but concerns the region remains a long way from solving its sovereign debt crisis was seen likely to keep the pressure on.
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Former WaMu execs agree to settle FDIC lawsuit: report

Former Washington Mutual Inc executives agreed to settle a lawsuit for less than 10 percent of the $900 million originally sought by the FDIC for their role in the biggest bank failure in U.S. history, the Wall Street Journal said, citing people familiar with the situation.
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Japan urges EU to make more convincing efforts

Japanese Finance Minister Jun Azumi on Tuesday urged Europe to make further efforts to convince markets of its resolve to overcome the region's debt crisis and expressed caution about any potential Japan contribution to a rescue fund through the IMF.
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HTC sues Citi in Taiwan after share price fall

HTC Corp, the world's No.4 smartphone maker, has filed a criminal complaint against Citigroup Inc's Taiwan unit, alleging the bank published false information that led to a fall in HTC's share price, a Taiwan prosecutor said on Tuesday.
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Newspaper group Lee Enterprises files for bankruptcy

Lee Enterprises Inc , which publishes 48 daily newspapers including St. Louis Post-Dispatch, filed for Chapter 11 bankruptcy protection to refinance nearly $1 billion in debt, as newspapers struggle with falling advertisement dollars and dwindling readership.
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Martin Marietta makes $4.8 billion bid for Vulcan

Martin Marietta Materials Inc launched a hostile $4.8 billion all-stock offer to buy larger rival Vulcan Materials Co in a bid to build the world's largest producer of sand, gravel and other construction materials.
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AT&T mulling whether, how to revise T-Mobile deal

AT&T Inc has another month to decide whether it wants to continue to pursue its $39 billion acquisition of T-Mobile USA after a U.S. Judge agreed to delay the court battle over the deal until January 18.

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