Congressional Insider Trading Ban Needed to Restore Trust, but Issues May Arise: SEC

Insider trading by federal lawmakers is unlawful, but "distinct legal and factual issues" may arise and make the investigation or prosecutions difficult to proceed. However, any statutory changes on insider trading should be "carefully calibrated" to ensure they do not narrow current law, a top Securities and Exchange Commission official warned Tuesday.

Raj Rajaratnam Begins 11-Year Prison Sentence

Raj Rajaratnam, 54, the founder of the Galleon Group and a hedge fund multimillionaire, began his 11-year prison sentence at a former military base, near the town of Ayer, Massachusetts.

Big 12 Bowl Games TV Schedule 2011-2012

The Big 12 will send eight of its teams to bowl games this season. Conference leaders Kansas State and Oklahoma State will play in the Cotton Bowl and Fiesta Bowl, respectively.

Big 10 Bowl Games TV Schedule 2011-2012

10 out of 12 Big Ten teams will compete in bowl games, and two schools will compete in BCS bowl games, battling leaders from the Pac 12 and ACC in the Rose Bowl and Sugar Bowl.

SEC Bowl Games TV Schedule 2011-2012

Nine SEC schools will go bowling in the NCAA's BCS postseason, including six teams from the AP Top 25. Two SEC teams, LSU and Alabama, will also battle for the national championship title.

Senators Blast CFTC, Gensler for MF Global Mess

Republican lawmakers blasted the chairman of the U.S. futures regulator on Thursday for his agency's role in the collapse of MF Global and called his recusal from the investigation a way to "avoid the heat."

Senators to Probe Regulators' Role in MF Global

Senators plan to press regulators on Thursday on whether they were asleep at the switch as now-bankrupt MF Global took on massive risky bets, and why hundreds millions of dollars in customer funds are still missing.

Goldman CEO Can Testify in Insider Case: Judge

Goldman Sachs Group Inc. Chief Executive Officer Lloyd Blankfein may be asked to testify in a market regulator's insider-trading case against a former director of the Wall Street bank, a judge ruled.


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Facebook Gearing up for 2012 IPO: Source

Facebook, the world's largest Internet social network, is preparing for a initial public stock offering next year, according to a source familiar with the matter.
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U.S. Firms Added Jobs Offshore, Cut Jobs At Home

U.S-based multinational corporations added almost 3 million jobs to their payrolls in foreign countries between 1999 and 2009, while slashing 864,600 jobs at home, as they become increasingly dependent on foreign sales. Is tax holiday a viable solution?
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Fifth Third Bancorp Settles with SEC over Securities Trading

Fifth Third Bancorp and the Securities and Exchange Commission settled on Wednesday allegations the bank failed to adequately notify all investors of a material event. The bank neither admitted nor denied the allegations but agreed not to violate disclosure rules.