At the center of the government’s insider trading case against a former portfolio manager at the hedge fund SAC Capital Advisors is a trade that directly involves Steven A. Cohen, the billionaire owner of the fund.New details about the case have emerged that could cast doubt on the way that trade has been portrayed by the authorities, suggesting a possible line of defense for the portfolio manager...
Feb
03
Lady Malcolm Douglas-Hamilton Dies at 103; Aided Britain in War
Labels: WorldWide World PhotosLady Malcolm Douglas-Hamilton, then Natalie Latham, in 1941. She started Bundles for Britain. In 1939, Lady Malcolm Douglas-Hamilton, who died on Jan. 14 at 103, had neither that title nor that name. She was Natalie Latham, a fixture of Manhattan society whose beauty drew notice in Vogue magazine. She had achieved a dollop of fame when she and her two young daughters, nicknamed Mimi...
5 Fascinating Facts We Learned From Reddit This Week
Labels: TechnologyClick here to view the gallery: Reddit Facts 2/2If you’ve ever wanted to learn how to game the French lottery of 1728 (and who hasn’t, amirite?), you’ve come to the right place. This week’s edition of Reddit Facts has some delightful tidbits about the Fab Four, a famous photograph and a funky fruit.[More from Mashable: 10 Quirky Etsy Finds to Celebrate Groundhog Day]Homepage image courtesy of Wikimedia...
Stevie Wonder headlines pre-Super Bowl concert
Labels: LifestyleNEW ORLEANS (AP) — Applause and approval greeted Stevie Wonder as thousands stood for hours to hear his pre-Super Bowl concert that also featured guitarist Gary Clark Jr.Escorted on stage late Saturday by his daughter and backup singer Aisha Morris, Wonder performed several of his hits, including his opening song, "How Sweet It Is (To Be Loved By You)."That was followed by "Master Blaster," Michael...
Iceland, Prosecutor of Bankers, Sees Meager Returns
Labels: BusinessIlvy Njiokiktjien for The New York Times"Greed is not a crime. But the question is: where does greed lead?" said Olafur Hauksson, a special prosecutor in Reykjavik. REYKJAVIK, Iceland — As chief of police in a tiny fishing town for 11 years, Olafur Hauksson developed what he thought was a basic understanding of the criminal mind. The typical lawbreaker, he said, recalling his many encounters with...
Feb
02
Taliban Assault in Pakistan Results in Deaths of 35
Labels: WorldPESHAWAR — Taliban militants killed at least nine soldiers and four paramilitary troops in an attack on a Pakistani army base in northwestern Pakistan early Saturday, officials said. Ten civilians, including three women and three children who were living in a nearby compound, were also killed. The brazen assault took place in the restive Khyber-Pakhtunkhwa province and comes just a day after...
Nintendo says it won’t cut Wii U price despite slumping sales
Labels: TechnologyNintendo (NTDOY) has a lot riding on its latest video game console, but sales have been slow thus far. Gamers have not responded to the bulky new GamePad controller, which could be considered the biggest point of differentiation on the Wii U. As a result, Nintendo recently slashed its sales outlook on Wii U consoles for the March quarter. Following some speculation that Nintendo might cut the price...
Washington wins 3 trophies at NAACP Image Awards
Labels: LifestyleLOS ANGELES (AP) — Kerry Washington was a triple threat at the NAACP Image Awards.The star of ABC's "Scandal" picked up a trio of trophies at the 44th annual ceremony: outstanding actress in a drama series for "Scandal," supporting actress in a motion picture for "Django Unchained" and the President's Award, which is given in recognition of special achievement and exceptional public service."This...
Ferrol Sams, Doctor Turned Novelist, Dies at 90
Labels: HealthFerrol Sams, a country doctor who started writing fiction in his late 50s and went on to win critical praise and a devoted readership for his humorous and perceptive novels and stories that drew on his medical practice and his rural Southern roots, died on Tuesday at his home in Lafayette, Ga. He was 90. The cause, said his son Ferrol Sams III, also a doctor, was that he was “slap wore...
Media Decoder Blog: In Wake of Restructuring, NBC News President Quits
Labels: Business8:30 p.m. | Updated The longest-serving president of any of the three network news divisions, Steve Capus of NBC News, stepped down from his position on Friday, six months after Comcast restructured its news units in a way that diminished his authority.Pat Fili-Krushel, chairwoman of the NBCUniversal News Group, said in a brief telephone interview on Friday that she would “cast a wide net” while searching...
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