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FRIDAY, NOVEMBER 27, 2009
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NEWS ABOUT: insider trading

insider trading stories: 33 news summaries

21 - 33 of 33 Stories | << Prev 1 2

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Feds Investigate Bear Stearns Fund Manager

Insider-trading probe targets $2M move ahead of fund collapse

Dec 19, 07 12:00 PM CST
(Newser) - The manager of hedge funds that lost $1.6 billion when they went bankrupt in July has left Bear Stearns, and federal investigators are looking into whether he withdrew his own money before the collapse. Ralph Cioffi moved $2 million in March—before the funds tanked in the subprime collapse—... More »

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insider trading • subprime mortgages • Bear Stearns • SEC • hedge fund • Ralph Cioffi

Oracle CEO Sells Off $500M, With More To Come

But investors aren't worried as
Ellison liquidates 26 million shares

Oct 31, 07 11:10 AM CDT
(Newser) - The CEO of Oracle sold off half a billion dollars of stock, but analysts contend that the liquidation shouldn't worry investors. Markets noticed when Larry Ellison sold 26 million shares of the software company he founded in 1977. But the Wall Street Journal writes that past sell-offs haven't triggered broad... More »

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insider trading • Larry Ellison • Oracle • stock options

Insider Trading May Have
Net Variant

Agency investigates claims of shady profits from domain names

Oct 24, 07 1:39 PM CDT
(Newser) - Someone call Michael Milken: Insider trading trailblazers may have found a new perch online. ICANN is investigating a poaching practice it's calling “front running,” in which buyers with inside information grab desirable domain names before others can register them. Speculation on the shadowy URL snatchers runs to viruses... More »

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Internet • insider trading • domain names • computer virus • Michael Milken • ICANN

SEC Looks Into Countrywide Stock Sales

CEO of nation's largest mortgage lender dumped $130M in stock before crisis hit

Oct 17, 07 10:06 PM CDT
(Newser) - The CEO of troubled mortgage lender Countrywide is under investigation over stock sales, the Wall Street Journal reports. Angelo Mozilo sold at least $130 million this year of stock in a company deeply affected by the subprime mortgage mess; the Securities and Exchange Commission is looking into several aspects of... More »

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insider trading • Countrywide • white collar crime • Angelo Mozilo

Ex-Qwest CEO Claims Spy Effort Began Before 9/11

Says NSA sought phone records months earlier

Oct 13, 07 9:34 AM CDT
(Newser) - Joseph Nacchio, the former CEO of Qwest Communications, claims that the National Security Agency asked his company in February, 2001, to participate in a potentially illegal surveillance program—and when he declined, punished the company by dropping a contract worth hundreds of millions of dollars, reports the Washington Post. The... More »

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Qwest • Joseph Nacchio • insider trading • National Security Agency • warrantless wiretapping

Ex-Qwest CEO Didn't Foresee Trouble Ahead

Nacchio appeals conviction in $52M insider-trading deal

Oct 10, 07 11:54 AM CDT
(Newser) - Former Qwest chief Joseph Nacchio yesterday appealed an insider-trading conviction, claiming he couldn’t have known the telecommunications company was in dire straits when he sold $52 million in stock in 2001. Rebutting a federal court’s guilty finding on 19 counts, the brief asserts Nacchio “believed more than... More »

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prison • Qwest • Joseph Nacchio • insider trading • appeal

Airbus Execs Accused of Insider Trading

Ex-CEO, others sold millions before A380 delay announced

Oct 4, 07 9:05 AM CDT
(Newser) - Accusations of "massive" insider trading by Airbus executives and shareholders have exploded into full-out political scandal. French investigators have learned that 21 top executives and two big shareholders in EADS, the Franco-German consortium that owns the airplane company, cashed in stocks shortly before Airbus announced a June, 2006, production... More »

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insider trading • France • Airbus • Airbus A380 • EADS • Lagardere • Noel Forgeard

Top Telecom Exec Takes Over As Qwest CEO

Edward Mueller headed Ameritech, PacBell

Aug 13, 07 7:24 AM CDT
(Newser) - A top telecom veteran has been named CEO of struggling Qwest. Edward Mueller, 60-year-old former chief executive of Ameritech and Williams-Sonoma, takes the reins  from Dick Notebaert, who ran the company for five years, the Wall Street Journal  reports. The country's fourth-largest telephone company, Qwest faces increased pressure from competitors... More »

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Qwest • Joseph Nacchio • insider trading • Ameritech • Williams Sonoma • Dick Notebaert • Edward Mueller

Ex-Qwest CEO Gets 6 Years

Nacchio's insider-trading penalty includes paying $71M

Jul 27, 07 5:43 PM CDT
(Newser) - Qwest's former CEO was sentenced to 6 years in prison today for engaging in insider trading while the company's stock plummeted. Joseph Nacchio committed "crimes of overarching greed,'' a federal judge in Denver said as he fined him $19 million in addition to the $52 million he must... More »

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prison • Qwest • Joseph Nacchio • insider trading • telecom • sentencing • scandal

Dow Jones Director Faces Insider Trading Charges

SEC investigation tied to sale of Wall Street Journal

Jul 18, 07 6:32 PM CDT
(Newser) - The Securities and Exchange Commission plans to file civil charges against Dow Jones board director David Li,  in an insider trading case linked to News Corp.'s bid for the company. As a board member, Li has access to inside information, the Wall Street Journal reports. He also has... More »

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Rupert Murdoch • insider trading • Wall Street Journal • Dow Jones

(Newser) - The SEC has filed its first suit for insider trading involving Rupert Murdoch's bid to buy the Wall Street Journal's parent company. The agency alleges a Hong Kong couple knew about the offer when they bought $15 million of Dow Jones stock in April and sold it for an $8.... More »

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Rupert Murdoch • insider trading • Wall Street Journal • Dow Jones • Hong Kong • SEC • News Corp

Banker Busted
For Insider Trading

Credit Suisse hire charged with
passing tips to Pakistani banker

May 3, 07 10:32 PM CDT
(Newser) - Federal prosecutors and the SEC are charging a Credit Suisse banker with relaying insider information to an unnamed Pakistani banker who made more than $7 million on illegal trades. Hafiz Nasseem, who started at the bulge-bracket bank last year, is said to have immediately started sharing tips on upcoming deals—... More »

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insider trading • Hafiz Nasseem • Credit Suisse • merger • trade • SEC

Nacchio Goes Down for Insider Trading

Federal jury convicts former Qwest
CEO for dumping company stock

Apr 20, 07 6:50 AM CDT
(Newser) - Joseph Nacchio, former CEO of Internet-bubble-blowing telecom Qwest, was found guilty of 19 counts of insider trading by a federal jury in Denver yesterday. Nacchio dumped more than $100 million in Qwest stock in 2001, before the stock imploded over questionable accounting practices. The jury acquitted on 23 other counts. More »

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Internet • Joseph Nacchio • insider trading • trial • stock • telecom • conviction

21 - 33 of 33 Stories | << Prev 1 2


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