IBT Staff Reporter

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Pequot trades raised many warnings: report

Pequot Capital Management Inc, once a prominent hedge fund firm, has been named dozens of times in private reports that alerted U.S. financial regulators to possible insider trading or other misconduct, according to Bloomberg News.

China Mobile to grab rivals' users through mobile IM

China Unicom and China Telecom users will be eligible to apply for accounts with China Mobile's Fetion mobile instant messaging service beginning in November, CCTime said on Monday citing an inside source from China Mobile.

Goldman must yield info in trade secret case: judge

Goldman Sachs Group Inc will have to give up its personnel information on a former employee accused of stealing trade secrets, after a U.S. judge on Monday denied the firm's motion to quash a request by the computer programmer's lawyer.

Daily Wrap Up - August 10 Tech

Facebook Inc. said it has acquired FriendFeed, a start-up that allow users to share links and status updates online, folding in a potential rival that struggled to take off.

Judge rejects BofA bonus settlement with SEC

A federal judge refused to approve a proposed settlement between the U.S. Securities and Exchange Commission and Bank of America Corp over the payment of bonuses to Merrill Lynch & Co executives, saying he was unable to determine if it was fair to the public.

Daily Wrap Up - August 10 - Energy

Smart Meter producer Echelon Corp. saw its shares spike as much as 40 percent early Monday after announcing a long-term deal to supply smart meters to the third largest utility in the United States, Duke Energy Corp. North American nations said they would build a capacity and infrastructure with the view to facilitate future cooperation in greenhouse gas emissions trading systems to fight climate change.

India's massive quake triggers tsunami fears

A massive magnitude 7.6 earthquake struck India's Andaman Islands on Monday, triggering a tsunami warning for India, Myanmar, Indonesia, Thailand and Bangladesh, according to the U.S. Geological Survey (USGS) report.

Kate Gosselin dismisses hope of reuniting with Jon

Reality TV star Kate Gosselin who is going through a divorce process with her husband and co-star of the show Jon Gosselin, spoke in the first interview since both announced the bad news on TLC's show Jon & Kate Plus 8.

Wall St dips after four-week rally

Stocks fell on Monday, but were off their session lows, as investors booked profits following a four-week rally that took the broad S&P 500 index to a 10-month high on Friday.

Barnes & Noble to buy College Booksellers, shares up

Barnes & Noble Inc plans to buy Barnes & Noble College Booksellers Inc for $596 million, in a deal that will expand the retailer's store base while providing entry into the burgeoning digital textbook book arena.

Barnes & Noble to buy College Booksellers

Barnes & Noble Inc plans to buy Barnes & Noble College Booksellers Inc for $596 million, in a deal that will expand the retailer's store base while providing entry into the burgeoning digital textbook book arena.

State Street says legal reserve may not be enough

State Street Corp , one of the world's biggest institutional investors, said on Monday it may not have set aside enough money to cover fees and penalties linked to lawsuits and investigations by regulators into risky investments.

Scripps posts surprise profit, shares soar

Media conglomerate E.W. Scripps Co posted a surprise quarterly profit, helped by lower expenses even as advertising revenue slumped, and said it amended a credit agreement, sending its shares up as much as 33 percent.

China to start UAE tourist groups

Chinese citizens are allowed to tour another nine nations, including the United Arab Emirates (UAE) in the Middle East, from September 15, according to the National Tourism Administration.

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