Mathew Martoma, a former SAC Capital hedge fund manager, has been found guilty of insider trading by a federal jury. He bought early information about drugs tests which helped his firm avoid $275 million in losses, and netted Martoma a $9 million bonus.
The US risks isolation on the issue of Iran if it is going to continue threatening countries against doing business with Iran, says political analyst and professor at the University of Tehran, Seyed Mohammad Marandi.
A newly unveiled agriculture bill in the United States is drawing heavy fire from Canada, which is threatening retaliatory action if the law’s country-of-origin labeling mandate earns enough support to go into effect.
It is true that a small percentage of Bitcoin transactions are illegal, but the majority of illegal goods are bought with US dollars, the primary currency used in the international trade in illicit goods, economist Mark Thornton told RT.
Legalization of marijuana for recreational and medical use in 20 US states has seen a boom in cannabis-oriented businesses. Experts say the market can jump to $10.2 billion by 2018, warning of a possible repetition of the dotcom bubble of the late 1990s.
Operatives of top global corporations, which spend great amounts of cash to lobby Congress, are also part of a small group in the US outside the Obama administration that can access working plans on the controversial Trans-Pacific Partnership trade pact.
A US government classified memo has acknowledged that the Christmas cyber-attack on Target Corp was part of a much broader security breach of a number of US companies. The document alleges that traces of Russian language were detected in the malware.
The UK is being accused of attempts to block EU reform to prevent food speculation. It took EU negotiators three years to agree on a regulation against speculation by banks and hedge funds which drives up food prices, aggravating the global hunger crisis.
The environment protection provisions in the draft of the Trans-Pacific Partnership (TPP) free trade agreement will not be enforceable, says whistleblower site WikiLeaks, which released a section of the document.
Ecuador’s President Rafael Correa has unveiled the country’s first domestically made unmanned aerial vehicle. The drone is to help Quito fight drug traffic and will also be on sale in South America, costing “7 times less” than its Israeli equivalent.