U.S. stocks were set for a lower open Friday, looking to add to the previous session’s losses, as investors braced for a report on second-quarter economic growth.
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Stocks poised for weak start
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
A lawsuit says the pair, known for support of conservative causes, made $550 million in undisclosed profits. Their attorney says the charges are ‘without merit.’ Sam and Charles Wyly, Dallas billionaire investors known for their support of conservative candidates and causes, made $550 million in undisclosed profits through 13 years of insider trading, according to a Securities and Exchange …
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SEC charges billionaire Dallas brothers with insider trading
DALLAS The Securities and Exchange Commission has filed suit in New York against famed Dallas billionaire investors and local land owners and philanthropists Sam and Charles Wyly, accusing them, their attorney and their stockbroker of insider trading.
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Wylys accused of insider trading
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
DALLAS: Famed Dallas billionaire investors Sam and Charles Wyly made US$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 law…
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5. Billionaire investors accused of making US$550mil through insider trading
Stocks are ending a choppy day with a modest loss as investors tried to reconcile another batch of conflicting economic signals.
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Stocks fall amid uncertainty over the economy
U.S. stocks erased losses as Goldman Sachs Group Inc
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U.S. Stocks Erase Losses as Shares of Goldman Sachs, Microsoft Advance
Steve Cohen’s ex-wife’s lawsuit against him is back. The main points are the same, but now they’re filed within a better, more coherent claim against the SAC hedge fund manager. There is also full explanation of how Cohen allegedly engaged in insider trading in the 1980s.
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New Ex-Wife Claim: Steve Cohen’s Friends At Business School "The Wharton Mafia" Helped Him Insider Trade