INVESTMENT

U.S. sends more subpoenas in insider trading probe

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Federal authorities have expanded an investigation into insider trading on Wall Street, bringing to more than one dozen the number of subpoenas sent to hedge funds and other investment firms over the past two weeks, people familiar with the inquiry said.
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Top After-Market NASDAQ Gainers and Losers

The top after-market NASDAQ stock market gainers are: Nova Measuring Instruments, China Biologic Products, MannKind, GT Solar International, and DDI. The top after-market NASDAQ stock market losers are: SuperMedia, Human Genome Sciences, China Electric Motor, Neutral Tandem, and ArQule.
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Top Pre-Market NASDAQ Losers (SMT, OREX, CWTR, PWAV, REDF)

The top pre-market NASDAQ stock market losers are: Smart Technologies, Orexigen Therapeutics, Coldwater Creek, Powerwave Technologies, Rediff.com India, Ku6 Media, SPS Commerce, Aruba Networks, Huntington Bancshares, and Marvell Technology Group.
Miami hosts ninth Art Basel Miami Beach exhibition.

Miami hosts ninth Art Basel Miami Beach exhibition

Opening its doors to art connoisseurs and prominent collectors from across the world, the Miami Beach Convention Center is hosting the prestigious Art Basel Miami Beach from December 2 to December 5, 2010.
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Authorities scan healthcare deals: report

Trading activity around a number of healthcare deals is being examined by the U.S. authorities as part of investigations into suspected insider trading by certain hedge fund players, the Wall Street Journal said, citing people familiar with the matter.

KKR-led consortium gobbles Del Monte for $5.3 bln

Del Monte Foods, one of the country's largest producers, distributors and marketers of branded food and pet products for the U.S. retail market, has agreed to be acquired by an investor group led by private equity firm Kohlberg Kravis Roberts (KKR) for $5.3 billion, including debt.
Law enforcement officials carry boxes marked "Evidence" out of the building housing Loch Capital Management in Boston, Massachusetts November 22, 2010

FBI cracks down on insider trading, raids hedge funds in three states

The Federal Bureau of Investigation (FBI) stormed into offices of three large hedge funds in New York, Connecticut and Massachusetts and seized documents in a string of raids that is being billed as a crackdown on insider trading by hedge funds, mutual funds and investment bankers.
Traders work on the floor of the New York Stock Exchange

US stocks set to open lower

Futures on major U.S. stock indices point to a lower opening on Tuesday as renewed concerns about European sovereign debt crisis weighed on sentiment.
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Gold Price: From Diwali to the New Year in China

Surging demand from China, the world's second-largest gold buyer, is changing seasonal patterns in Gold Price trends for investors everywhere. At this current pace, private Chinese demand may overtake India's by 2014 (if not sooner).
With New York's Empire State Building behind them, a group of friends play in the snow in a park along the Hudson River in Hoboken, New Jersey

It may be cold, but historically December is hot month for stocks

While investors currently grapple with a number of very troubling geopolitical and economic issues -- namely the threat of war in Korea and the potential sovereign debt contagion in Europe, interest rate hikes by China, among others – some might take solace in the fact that December has consistently been the best-performing months for U.S. going back more than sixty years.
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Gold Hunger in China further bolstered by approval of first Gold Fund

Now institutional investors in China can join the gold buying frenzy as well, which retail investors and the Chinese central bank are already engaged in. China approved the country's first mutual fund that bets on gold prices, as inflation fears fuel demand for the precious metal.

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