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NEW YORK: Two former hedge fund managers reaped a total of $70.8 million in illegal profits by tapping a corrupt network of Wall Street analysts, a U.S. prosecutor said at the start of an insider trading trial on Tuesday.
LG.Philips LCD Co Ltd, the world's second largest flat-screen maker, has started trial production of liquid crystal displays (LCDs) at its newest manufacturing line.
BEIJING (AP): The former president of a major Chinese stock brokerage has gone on trial on insider-trading charges in connection with the company's 2006 stock market debut, a state news agency reported Saturday.
SHANGHAI: Tang Wanxin, a businessman whose conglomerate once was China's biggest stockholder, went on trial Thursday in central China on charges of alleged illegal banking and share price manipulation, state media reported.
LONDON: Shrinking British oil company BP Plc announced quarterly profit down a fifth from a year ago, after it sold assets in preparation for what could be its biggest oil spill payout when the case comes to trial later this month.
KUALA LUMPUR: The Sessions Court has set March 23 to finalise details in businessman Low Thiam Hock’s trial over manipulation charges dating back to more than a decade.
NEW YORK: The government rested its case on Friday after four weeks of testimony in the insider trading trial of SAC Capital Advisors portfolio manager Michael Steinberg, sending the proceeding toward what is expected to be a swift resolution next week.