Rajaratnam’s Brother Seeks Dismissal Of Insider Trading Charges

Dragic wanted to stay, but the Rockets in their pursuit of Jeremy Lin wouldnt guarantee Dragic would be a starter … The Pistons Will Bynum hadnt played the last two games after a heated sideline confrontation with coach Maurice Cheeks. Not that Bynum won, but hes still there and Cheeks isnt. The Pistons have scored a season high two straight games with Kyle Singler moving into the starting lineup at shooting guard over rookie Kentavious Caldwell-Pope.
Source: http://www.nba.com/bulls/news/stretch-run-nba-trading-deadline.html

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Source: http://finance.yahoo.com/news/dollar-near-important-levels-versus-150000394.html

US Stocks Drift Higher in Subdued Trading

attorneys office has an unbroken string of convictions or guilty pleas against everyone except the presumed target, Steve Cohen, said Thomas O. Gorman, a securities lawyer at Dorsey & Whitney. Cohen has not been accused of criminal wrongdoing. But Bharara announced in November that his hedge fund had agreed to pay $1.2 billion to settle charges that it tolerated rampant insider trading for more than a decade. It also agreed to stop managing the money of outside investors, but it can continue to manage Cohens fortune.
Source: http://www.washingtonpost.com/business/economy/sacs-martoma-found-guilty-of-insider-trading/2014/02/06/63e4d020-8f4d-11e3-b227-12a45d109e03_story.html

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Source: http://finance.yahoo.com/news/2options-launches-most-advanced-binary-080000449.html

Trial in Rengan Rajaratnam’s case is scheduled for June 17. His lawyer did not respond to a request for comment. A federal jury on Thursday found Mathew Martoma, a former portfolio manager at SAC Capital Advisors, guilty of engaging in an insider trading scheme that enabled the hedge fund to make profits and avoid losses of $275 million. Separately Friday, U.S. District Judge Paul Gardephe scheduled the sentencing for Martoma, 39, for June 10.
Source: http://www.reuters.com/article/2014/02/08/us-rajaratnam-insidertrading-idUSBREA1702120140208

Hasbro rose almost 5 percent after the toy maker raised its dividend. Investors were looking ahead to the first public comments from Janet Yellen since she became the head of the Federal Reserve. Yellen will testify before Congress Tuesday and Wednesday. The Dow Jones industrial was lower for most of the day Monday but turned slightly higher in late trading.
Source: http://abcnews.go.com/Business/wireStory/us-stocks-drift-higher-subdued-trading-22450985


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