One day after Rajat K. Gupta, formerly of Goldman Sachs, was sentenced to two years in prison for insider trading, a lawyer for Raj Rajaratnam who is currently serving an 11-year sentence in a Massachusetts prison for the same crime, asked that his conviction be set aside, The New York Times reported.
People
Russian Billionaire Prokhorov Nearing Deal to Sell Polyus Gold Stake - sources
Russian billionaire Mikhail Prokhorov's Onexim company is close to agreeing the sale of a stake in Polyus Gold
Kerry to divest some holdings if confirmed as US secretary of state
U.S. Senator John Kerry and his wife intend to divest holdings in dozens of companies to avoid conflicts of interest if he is confirmed as U.S. secretary of state
Ex-Im Bank Authorizes $155 Loan for Hospital Expansion in Ghana
The Export-Import Bank of the U.S. has sanctioned a $155.4 million direct loan to the Republic of Ghana to finance the design and construction of a hospital in Accra, Ghana.
Oral Cancer Prevention International and CDx Lab Merge to Form CDx Diagnostics
Oral Cancer Prevention International and CDx Laboratories recently merged to become CDx Diagnostics.
Latest News
U.S. District Judge Jed Rakoff sentenced the former Goldman Sachs director to two years in prison for insider trading and fined him $5 million in a Manhattan court room yesterday.
Following a scandal involving the former co-Chair of the high-end online and retail furniture store, Restoration Hardware, the company is planning to sell 5.2 million shares in an Initial Public Offering, The New York Times reported in Dealbook, based on papers filed Tuesday.
Judge Betty Binns Fletcher, of the 9th U.S. Circuit Court of Appeals, died Monday night as reported by the Associated Press. As one of the country's first women lawyers, Fletcher knew discrimination firsthand and fought for the rights of the oppressed.
The couple has officially broken up after three months of dating, Sanchez's rep confirmed to US Weekly Tuesday, as reported by The Daily News.
Rumor has it that the world's top golfer, 23-year-old Irishman Rory McIlroy, is on the verge of signing a 10-year deal with Nike, worth $250 million, according to major media sources.
Warren Buffett, the country's second-richest man and one of the world's most successful investors, told CNBC in an interview Wednesday, that he sees the U.S. economy "inching ahead" despite slowing economies in Europe and Asia.
The acclaimed Hollywood director Tony Scott died from multiple blunt force injuries and drowning, according to an autopsy report released by the Los Angeles County coroner Monday. His death has been listed as a suicide.
AirBnb Inc., which allows travelers to rent private accommodations online around the world, is in discussions with the venture capitalist Peter Thiel about an investment of approximately $150 million, according to inside sources, as reported by The Wall Street Journal.
Forty one year-old disgraced cyclist Lance Armstrong has been stripped of seven Tour de France titles and banned from the sport for life following ratification of United States Anti-Doping Agency's (USADA) sanctions against him by the International Cycling Union (UCI) on Monday. Now the Texas company that paid his prize money may want it back.
