Dow Jones investigates bribery allegations against WSJ China
Dow Jones & Co said it found no sign of impropriety at its China operations, after the Wall Street Journal reported that a whistleblower had accused Journal employees of bribing Chinese officials for information.
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Reuters
Bribery Allegations Surfaced Against WSJ in China
The Justice Department last year opened an investigation into allegations that employees at The Wall Street Journal bribed Chinese officials for information. A search by the Journal's parent company found no evidence to support the claim.
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Insider-Trading Scandal: Are the Feds Closing In on Billionaire Hedge-Fund Mogul Steven Cohen?
Billionaire hedge fund titan Steven A. Cohen, one of the most high-profile and controversial Wall Street figures of the last decade, has been implicated in what federal officials are calling “the largest insider trading case ever charged by the SEC,” according to The Wall Street Journal. Cohen, the founder of SAC Capital Advisors, wasn’t charged or mentioned by name in the federal criminal complaint unsealed Tuesday. But according to the Journal, which cited people familiar with the matter, Cohen is referred to as “Portfolio Manager A” in a parallel civil complaint filed by the Securities and Exchange Commission, also released Tuesday. In the criminal complaint, federal prosecutors charged Mathew Martoma, a former portfolio manager at SAC Capital hedge fund affiliate CR Intrinsic Investors, with receiving and acting upon confidential information gleaned from a neurology professor who played a key role in a major pharmaceutical trial. The SEC complaint alleges that “Portfolio Manager ...
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Insider Trading Scandal: Are the Feds Closing In on Billionaire Hedge Fund Mogul Steven Cohen?
Billionaire hedge fund titan Steven A. Cohen, one of the most high-profile and controversial Wall Street figures of the last decade, has been implicated in what federal officials are calling “the largest insider trading case ever charged by the SEC,” according to The Wall Street Journal. Cohen, the founder of SAC Capital Advisors, wasn’t charged or mentioned by name in the federal criminal complaint unsealed Tuesday. But according to the Journal, which cited people familiar with the matter, Cohen is referred to as “Portfolio Manager A” in a parallel civil complaint filed by the Securities and Exchange Commission, also released Tuesday. In the criminal complaint, federal prosecutors charged Mathew Martoma, a former portfolio manager at SAC Capital hedge fund affiliate CR Intrinsic Investors, with receiving and acting upon confidential information gleaned from a neurology professor who played a key role in a major pharmaceutical trial. The SEC complaint alleges that “Portfolio Manager ...
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South Korea mall says 'Hello shopper, nice to see you'
Wednesday, October 10, 2012 - 04:36 Chung Sung-Jun/Getty Images People walk through a mall in Seoul's Gangnam District in Seoul, South Korea. Here's an idea: Put kiosks throughout a mall armed with facial recognition cameras that figure out a shopper's gender and age. The Wall Street Journal says it's happening now at the International Finance Center Mall in Seoul, South Korea. The system then makes shopping recommendations and will soon generate customized ads. The demographic data is being gathered, but the company involved says there's no personal information. Chester Wisniewski, at the online security firm Sophos, "The creepy factor to it all is that the technology being used isn’t really all that different than the technology that could be used to more pinpoint who you actually are or potentially record you." He says it's not much a leap between tech that recognizes you in the mall to tech that links that with your social media profile. Which is happening now in the U.S. although ...
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