Marketplace for Monday, November 4, 2013
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The hedge fund SAC has plead guilty to insider trading. The government has drawn a line in the sand when it comes to trading in material non-public information, but where exactly is that line drawn? Kellogg's slashed 7 percent of its workforce, and it planning to market more to older consumers, not kids. Finally, the tentative takeover offer from BlackBerry’s largest shareholder for the company has collapsed. Instead of purchasing BlackBerry and taking it private, Fairfax Financial Holdings, and an unnamed group of institutional investors will invest $1 billion in the struggling company.
Posted In: SAC, jobless, richest Americans
Steven A. Cohen drops from No. 45 on the richest Americans list.
Posted In: SAC, Steven A. Cohen, hedge funds
The hedge fund SAC has plead guilty to insider trading. The government has drawn a line in the sand when it comes to trading in material non-public information.
Posted In: Detroit, bankruptcy, Motor City, infrastructure
Detroit's infrastructure problems grind on, despite bankruptcy.