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Two Major Hedge Funds Charged In Insider Trading Case
washingtonpost.com 4 weeks, 1 day agoThe long-running federal crackdown on insider trading took a major leap Wednesday, as authorities announced a slew of charges against hedge funds, analysts and traders. The government accused those charged of forming a trading ring that netted $78 million in illicit profits, most of it based on advance word about computer-maker Dell’s quarterly financial results. An unnamed employee in Dell’s investor relations department leaked financial secrets, the government said. Read full article >>
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Stocks Close Higher On Earnings, Jobless Claims
suntimes.com 3 weeks, 6 days agoStrong corporate earnings reports and the lowest unemployment claims in almost four years pushed stocks higher Thursday. The Dow gained 45.03 points to close at 12,623.98. The S&P 500 added 6.46 points to close at 1,314.50. Both averages are at their highest since July.
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