IBT Staff Reporter

128341-128370 (out of 154953)

Ex-Goldman analyst, others accused of inside trades

U.S. regulators on Wednesday filed civil charges for insider trading against 11 people, including a 26-year-old former Goldman Sachs Group Inc investment banking analyst accused of leaking confidential merger information to his brother.

Treasury devising aid for CIT: Rep. Frank

The U.S. Treasury Department wants to find a responsible way to provide government aid to troubled lender CIT Group Inc, Representative Barney Frank said on Wednesday.

Cisco, Juniper jump on ratings, upbeat tech results

Shares of network equipment makers Cisco Systems Inc and Juniper Networks Inc jumped on Wednesday, helped by buy ratings by Citigroup as well as solid results from smaller rival Adtran and chipmaker Intel Corp .

Microsoft's Bing gains on Yahoo, Google

Microsoft Corp's market share of the U.S. Internet search market increased modestly in June, the first month that it fielded its new Bing search engine, according to the latest data from research firm ComScore.

AMR posts loss, but beat forecasts

American Airlines parent AMR Corp on Wednesday posted a smaller-than-expected quarterly loss as capacity cuts and new revenue streams helped offset weak travel demand.

Calpers sues agencies over SIV ratings

Calpers, the biggest U.S. public pension fund, has sued the three largest credit rating agencies for giving perfect grades to securities that later suffered huge subprime mortgage losses.

Bayou fund founder gets 2 years for bail-jumping

Hedge fund swindler Samuel Israel was ordered to serve two more years behind bars on Wednesday for a wild escapade in which he faked his own death in an attempt to avoid a 20-year prison sentence.

Calpers sues rating agencies over losses

Calpers, the biggest U.S. public pension fund, has sued the three largest credit rating agencies for giving perfect grades to securities that later suffered huge subprime mortgage losses.

World's oldest new mother died at 69

A Spanish woman died at 69 on Saturday after getting in vitro fertilization treatment at a clinic in Los Angeles. The woman is believed to be the world's oldest new mother when she gave birth at 66, the Associated Press reported Wednesday.

Kosmos still eyeing sale of Ghanaian fields-sources

Private equity-backed Kosmos Energy is still mulling a possible sale of its Ghanaian oil interests, despite securing a loan to fund the fields' development, industry sources familiar with the matter said on Wednesday.

Brazil's Auriemo family to sell Dasa stake-report

Brazilian investor Caio Auriemo and his family will sell their stake in Diagnosticos da America, Latin America's largest medical diagnostics company, in a transaction that might raise up to 210 million reais ($107 million), local newspaper Valor Economico reported.

Berlin sees Magna as main, but not only Opel partner

Germany sees Canadian auto parts maker Magna as the front-runner to take over carmaker Opel, but it would reassess its position if another buyer for the General Motors subsidiary emerged, a government spokesman said on Wednesday.

CVTech to buy US-based Riggs Distler for $37m

CVTech Group Inc, a Canadian electrical services provider, said it agreed to acquire Riggs Distler & Co Inc, a maintenance and construction services provider, for about $37.1 million in cash and stock, to boost its North American industrial and utility markets.

Carlyle-backed China Pacific readies HK IPO: sources

China Pacific Insurance (Group) Co Ltd, the country's third-largest life insurer and partly owned by the Carlyle Group, is set to relaunch its Hong Kong IPO, according to sources, after its first attempt failed last year when markets plunged.

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