SEC rejects settlement with fund manager Phil Falcone
(Reuters) – The Securities and Exchange Commission voted to reject a deal its enforcement division had struck with once high-flying hedge fund manager Philip Falcone and his hedge fund Harbinger Capital Partners, according to a regulatory filing.
SEC seeking to ban SAC’s Cohen from financial industry
NEW YORK (Reuters) – U.S. securities regulators took their boldest step yet in a long-running insider trading probe against Steven A. Cohen, declaring Friday they would try to bar the hedge fund mogul from managing other people’s money.
Samsung close to mobile-device deal with FBI: sources
(Reuters) – Samsung Electronics Co Ltd is close to signing a deal to sell its popular line of Galaxy devices to the U.S. Federal Bureau of Investigation, sources familiar with the situation said on Friday.
Wall St. Week Ahead: As Fed takes a backseat, earnings rule market
NEW YORK (Reuters) – Wall Street is experiencing its best month since January and looks poised to extend the rally with a deluge of earnings next week, though significant gains may be harder to come by with major indexes at record highs.
Nasdaq, Dow slip on tech weakness, S&P 500 edges up
NEW YORK (Reuters) – The Dow and Nasdaq stock gauges fell on Friday as disappointing results from Microsoft and Google dragged on the market, while the S&P 500 index edged up to end at a second straight record high.
FTC approves GE purchase of Avio’s aviation business
WASHINGTON (Reuters) – General Electric won U.S. antitrust approval for its $4.3 billion bid for Italian plane components maker Avio, the Federal Trade Commission said on Friday.
U.S. appeals court will not intervene in FHFA lawsuits vs. banks
NEW YORK (Reuters) – Fourteen major banks sued by the Federal Housing Finance Agency over soured mortgage investments have lost a bid to have a U.S. appeals court intervene in their cases based on what they called a judge’s “gravely prejudicial” ruling…
Two JPMorgan directors to retire from board after ‘Whale’ mess
(Reuters) – Two JPMorgan Chase & Co directors who sat on the board’s risk committee in the run-up to the London Whale trading debacle have retired, the bank said on Friday, and a source said the company expects to name replacements who are risk or finance experts soon.
Fed reviewing banks’ physical commodities trading
NEW YORK (Reuters) – The Federal Reserve is “reviewing” a landmark 2003 decision that first allowed bank holding companies to trade in physical commodity markets, it said on Friday, a move that may send new shudders through Wall Street.
The latest risk in Tourre trial: jurors dozing and losing the plot
NEW YORK (Reuters) – It was billed as the hottest trial to come out of the Securities and Exchange Commission’s investigations of the financial crisis.
