Goldman Sachs Group Inc is being drawn into the criminal trial of one-time hedge fund billionaire Raj Rajaratnam, as prosecutors plan to show an insider-trading conspiracy involving a former director at the Wall Street bank.
A sweeping insider trading case that shook the hedge fund world is finally set for trial, with onetime billionaire Raj Rajaratnam fighting to stay out of prison in a courtroom drama over corporate secrets, tapped telephones and friends-turned-government witnesses.
Goldman Sachs Group Chief Executive Lloyd Blankfein has agreed to testify for the U.S. government at the upcoming trial of Galleon hedge fund founder Raj Rajaratnam, the Wall Street Journal reported, citing people familiar with the matter.
Rajat Gupta, former McKinsey’s chief and currently special adviser to the secretary-general of the United Nations on management reforms, has been accused by the Securities and Exchange Commission (SEC) of having role in a major hedge fund insider-trading case.
U.S. securities regulator is seeking information from an unknown number of regional and community banks that have restructured troubled loans in order to make them appear healthier than they really are, the Wall Street Journal said, citing people familiar with the situation.
The United States Drug Enforcement Administration (DEA) said it has temporarily banned five chemicals used to make so-called fake pot products, perceived as legal alternatives to marijuana.
Shareholders of two of the firms in a consortium buying U.S. insurer AIG's Taiwan unit approved the $2.16 billion bid on Wednesday, setting the scene for what is expected to be a tough battle with regulators.
Former Goldman Sachs Group Inc director Rajat Gupta leaked secret details to Galleon Group hedge fund manager Raj Rajaratnam about Warren Buffett's plan to invest $5 billion in the Wall Street bank at the height of the financial crisis, a U.S. securities regulator charged.
A Bay Area hedge fund manager settled civil charges that he secretly diverted more than $12 million in proceeds to other entities he controlled, securities regulators announced.
An investigation by U.S. immigration officials into illegal unemployment at Chipotle Mexican Grill Inc (CMG.N) is making some investors nervous and could have implications for the fast-food industry as a whole. Chipotle, based in Denver, is one of the highest-profile employers to come under the scrutiny of Immigration and Customs Enforcement (ICE) in recent years.
A U.S. regulator charged three former directors of a military contractor with involvement in a massive accounting fraud, after a jury had convicted the company's founder of orchestrating the $190 million scheme.
The FCC is investigating the possibility that service blackouts were to blame for unanswered 911 calls.
A top Freddie Mac executive received notice the government may file charges against him for allegedly violating securities laws in the years leading up to the housing bust, according to a regulatory filing released on Thursday.
Two of the world's biggest cola drinks makers - Coca-Cola and PepsiCo - have come under fire for using cancerous caramel coloring agents in their drinks.
The Federal Trade Commission will probe into Apple's marketing of in-app purchases in games for children such as Smurfs' Village, after it received a complaint from a U.S. legislator, according to the Washington Post.
China's Commerce Ministry said Chinese businesses faced damaging obstruction in efforts to invest in the United States after China's Huawei pulled out of bidding for U.S. company 3Leaf's assets following pressure from a Washington panel.
A former U.S. Customs inspector was arrested on Tuesday after he disguised himself as a postman and attempted to smuggle a Mexican woman into Texas on false documents, U.S. Customs and Border Protection authorities said.
Health care company Allergan said the FDA has approved the wider use of its Lap-Band weight-loss system.
The 'Provisions on News Information Services', which was issued in 2005, states that the purpose of news websites is not to inform the public of the facts, but instead to “serve socialism” and to “safeguard the nation’s interests and the public interest.”
Starting Wednesday, drivers in New York face one of the stiffest bans imposed by the nation on usage of handheld cell phones while driving.
A group of Republican lawmakers opened another front in a battle against the Federal Communications Commission's Internet traffic rules, filing a resolution of disapproval on Wednesday.
A Connecticut ambulance company has settled with the U.S. National Labor Relations Board (NLRB ) a lawsuit involving the firing of an employee who had published negative remarks about her boss on her Facebook page.
