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Questcor Pharma Shares Hit New Life-Time High Again

Shares of Questcor Pharmaceuticals, Inc. (NASDAQ: QCOR) touched a new life-time high of $18.73 on Thursday. The company issued preliminary metrics for the first quarter. The positive results were reflected in the trading of Questcor stock that reached a new life-time high for third time during this week.

One Week Budget Deal Necessary to Avert Shutdown, Aide Says

With a Friday midnight deadline to avert a shutdown of the federal government a Republican aide said in a published report that there will not be enough time to pass a six-month agreement and a one week extension would need to be approved.
U.S. President Barack Obama and House Speaker John Boehner (R-OH) (L)

How Long Will NATO Enforce No-Fly Zone? Boehner Asks

House Speaker John Boehner on Tuesday said President Barack Obama had not been able to answer a question about how long NATO would enforce a no fly zone over Libya if Col. Muammar Gaddafi did not leave the country.
Tomotherapy Hi Art

TomoTherapy Shares Hit New High On Accuray Merger

Shares of TomoTherapy Inc. (NASDAQ: TOMO) touched a new 52-week high of $4.70 on Monday after it agreed to be acquired by Accuray Inc. (NASDAQ: ARAY) for $4.80 a share in cash and stock or a total of about $277 million.
Rajat Gupta

UN adviser Rajat Gupta had role in insider-trading case: SEC

Rajat Gupta, former McKinsey’s chief and currently special adviser to the secretary-general of the United Nations on management reforms, has been accused by the Securities and Exchange Commission (SEC) of having role in a major hedge fund insider-trading case.
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SEC scanning bank loan practices: report

U.S. securities regulator is seeking information from an unknown number of regional and community banks that have restructured troubled loans in order to make them appear healthier than they really are, the Wall Street Journal said, citing people familiar with the situation.
Mary Schapiro, Chairman of the American Securities & Exchange Commission, delivers the keynote address at the New York Financial Writers' Association annual awards dinner in New York June 18, 2009.

SEC seeks to clampdown on bankers bonuses

The Securities and Exchange Commission (SEC) is proposing regulations to put a clampdown on large bonuses handed out banks, brokerages and hedge funds as part of the Dodd-Frank financial reform package.
Rajat K. Gupta

Gupta, Rajaratnam calls on Goldman, P&G

U.S. market regulator said former Goldman Sachs Group Inc and Procter & Gamble Co board member Rajat Gupta tipped Galleon hedge fund founder Raj Rajaratnam in phone calls about confidential company information. Gupta's lawyer said the allegations are baseless.

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