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Exterior of Headquarters of SAC Capital Advisors, L.P. in Stamford

Court appoints lead plaintiff in shareholder lawsuit against SAC

Reuters (Reuters) - A New York court designated a pension fund as the lead plaintiff in a lawsuit filed by shareholders of Elan Corp against SAC Capital, a court filing showed, as the hedge fund continued to face varied legal challenges over insider-trading charges. Pension fund City of Birmingham Retirement and Relief System has been named as the lead representative party, who will act on behalf …

US scientist's family says Singapore inquest 'a sham' AFP
The family of an American scientist found hanged in Singapore last year dismissed on Tuesday the city-state's findings that he committed suicide as "a sham and a cover-up" for a murder. "I ...
INSIGHT - FBI relies on secret U.S. surveillance law, records … Reuters
By John Shiffman, Kristina Cooke and Mark Hosenball WASHINGTON (Reuters) - The FBI has used secret evidence obtained under the Foreign Intelligence Surveillance Act to prosecute at least 27 accused terrorists since 2007, according to a Reuters review of public records. While the recent spotlight has been on the use of the …
Chrysler expected to formally refuse Jeep recall AP
In one of the biggest-ever showdowns between an automaker and the government, Chrysler on Tuesday is expected to file papers explaining its refusal to recall 2.7 million older Jeep SUVs that are at risk ...
Batteries hold key to wearable device revolution Reuters
By Alexei Oreskovic and Gerry Shih SAN FRANCISCO (Reuters) - Longer-lasting batteries are crucial for a new crop of wearable computers whose rise may upend Apple and Google's dominance of mobile devices, two of the field's pioneers say. Wearable devices - from bracelets that monitor physical activity and sleeping patterns …
Corporate gifts fuel US charity gains AFP
US charitable giving rose modestly in 2012, fueled by a jump in corporate gifts and concerns about possible tax changes which could limit future deductions, a survey showed Tuesday. Overall charitable ...
Singapore Developers: Is It The End Of The Road? Shares Investment
For the past week, news have been coming out from the US about a possible hike in interest rates. The stock market reacted strongly to this news as the Straits Times Index wiped off most of its gains in ...
TABLE-Asian physical rubber prices - June 18 Reuters
June 18 (Reuters) - Prices of physical rubber compared with June 17: Grade Prices Change Thai RSS3 (July) $2.85/kg unchanged Thai STR20 (July) $2.40/kg unchanged Malaysia SMR20 (July) $2.35/kg -$0.05 Indonesia ...
CA-BUSINESS Summary Reuters
Sprint sues Dish, Clearwire as key deadline looms (Reuters) - Sprint Nextel Corp on Monday said it has sued Dish Network Corp to block its tender offer for Clearwire Corp , on the eve of a key deadline in a takeover battle that also includes Japanese mobile carrier SoftBank Corp . The lawsuit filed on Monday in Delaware …
Court appoints lead plaintiff in shareholder lawsuit against … Reuters
(Reuters) - A New York court designated a pension fund as the lead plaintiff in a lawsuit filed by shareholders of Elan Corp against SAC Capital, a court filing showed, as the hedge fund continued to face varied legal challenges over insider-trading charges. Pension fund City of Birmingham Retirement and Relief System has …
FDI into China rises in Jan-May: govt AFP
Foreign direct investment (FDI) into China rose during the first five months of this year, the government announced Tuesday, paced by strong increases from the European Union and United States. Incoming ...
China May home prices rise at fastest pace this year Reuters
By Xiaoyi Shao and Jonathan Standing BEIJING (Reuters) - China's house prices rose at the fastest pace this year in May from a year earlier, though the pace of gains eased from the previous month, highlighting the dilemma facing the central bank as it balances the need to support the economy against holding down housing …
Rupee weakens, not far from record low ahead of Fed Reuters
MUMBAI (Reuters) - The rupee opened weaker against the U.S. dollar on Tuesday, tracking weaker Asian currencies ahead of the two-day Federal Reserve meeting amid concerns about a potential early roll down ...
CA-TECH Summary Reuters
Sprint sues Dish, Clearwire as key deadline looms (Reuters) - Sprint Nextel Corp on Monday said it has sued Dish Network Corp to block its tender offer for Clearwire Corp, on the eve of a key deadline in a takeover battle that also includes Japanese mobile carrier SoftBank Corp. The lawsuit filed on Monday in Delaware Chancery …
Chinese supercomputer named as world's fastest AP
A Chinese university has built the world's fastest supercomputer, almost doubling the speed of the U.S. machine that previously claimed the top spot and underlining China's rise as a science and technology ...
Japan says G8 stance is sign of approval for "Abenomics" Reuters
By Stanley White TOKYO (Reuters) - Japanese cabinet ministers welcomed the Group of Eight summit's stance on Tokyo's sweeping stimulus policies as a vote of confidence in the government's strategy to end ...