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Prosecutors Weigh Use of RICO in SAC Case

Submitted By Anonymous on May 22nd at 2:36am
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Prosecutors Weigh Use of RICO in SAC Case

It is rare for an investment firm to be charged under the Racketeer Influenced and Corrupt Organizations Act, a powerful legal tool used against the Mafia and drug gangs.

ESPN Is Cutting Jobs

Submitted By Anonymous on May 22nd at 2:21am
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ESPN Is Cutting Jobs

ESPN was in the process of laying off a few hundred workers, a sign that the hugely profitable sports cable-TV powerhouse is responding to the rising fees it pays to air games and other changes in the media industry.

Dimon Strengthens Grip at J.P. Morgan

Submitted By Anonymous on May 22nd at 1:09am
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Dimon Strengthens Grip at J.P. Morgan

J.P. Morgan shareholders rejected a proposal to split James Dimon's dual roles as chief executive and chairman, and re-elected all the members of the bank's board.

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