Sam and Charles Wyly, Dallas billionaire investors made $550 million in undisclosed profits through 13 years of insider trading, according to an SEC lawsuit.

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Billionaire brothers accused of insider trading

German stocks retreated, with the benchmark DAX Index heading for a weekly decline, as HeidelbergCement AG led falling shares.

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German Stocks Retreat; HeidelbergCement, GEA Group Decline, Merck Advances

European stocks fluctuated as gains by energy and industrial-goods companies offset declines in food shares. The Stoxx Europe 600 Index was little changed at 256.3 as of 8:07 a.m

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European Stocks Fluctuate; Energy Shares Gain, Offsetting Declines in Food

Asian stocks sagged on Friday as worries U.S. growth data may surprise on the downside and downbeat comments from a Federal Reserve official gave investors reason to book profits from a steady rally this month.

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Asia stocks slip on U.S. worries

Asian stocks slipped early Friday, after shares on Wall Street fell amid uncertainty about current economic conditions.

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Asian shares slip in early trade after US declines

The Securities and Exchange Commission has filed suit in New York against famed Dallas billionaire investors Sam and Charles Wyly, accusing them, their attorney and their stockbroker of insider trading.

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DFW Investors Accused of Insider Trading

Famed Dallas billionaire investors Sam and Charles Wyly made $550 million in undisclosed profits through 13 years of insider trading in the shares of companies on whose boards they served, according to a Securities and Exchange Commission lawsuit filed Thursday.

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SEC accuses Dallas investors of insider trading

U.S. stocks fell, sending the Standard & Poors 500 Index lower for a third day, as earnings and forecasts disappointed investors at technology and consumer companies. A gauge of commodities rose to a 12-week high on speculation the economic recovery will boost demand.

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Stocks Drop, Led By Technology Shares; Euro, Commodities Rise

SAN FRANCISCO — Canadian stocks turned higher Thursday afternoon, led by gains in financial shares. The S&P/TSX Composite Index added 23 points, or 0.2%, to 11,719. Financial stocks supported the index, with shares of Manulife Financial Corp.

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Canadian stocks turn higher, financials support

Federal prosecutors told a judge theyve had conversations to resolve criminal cases against defendants charged in an alleged insider-trading ring led by former Galleon Group LLC trader Zvi Goffer.

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Galleon Prosecutors in Talks to Settle Insider Trading Cases, Court Told