Edward Snyder News
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Joseph Collins, Refco Inc.’s former outside lawyer whose 2009 fraud conviction was reversed in January, was found guilty Nov. 16 by a jury in federal court in Manhattan.
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Two of R. Allen Stanford’s former law firms were sued by defrauded investors who claim the lawyers crafted corporate structures that enabled the financier’s $7 billion Ponzi scheme for more than 20 years.
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The University of Chicago Booth School of Business chose as its next leader Sunil Kumar, an associate dean at the Stanford Graduate School of Business.
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Nokia Oyj and Microsoft Corp., both looking to increase U.S. sales of smartphones, stand to get a much-needed boost as Samsung Electronics Co. products face a possible ban and handset makers come under pressure to consider alternatives to Google Inc.’s Android software.
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Research In Motion Ltd. fell again after investors and analysts speculated that new Chief Executive Officer Thorsten Heins may be unable to alter the BlackBerry maker’s course enough to stem market-share losses.
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The hotel maid who accused Dominique Strauss-Kahn, the ex-International Monetary Fund managing director now charged with sexual assault and attempted rape, hired additional legal counsel in anticipation of an attack on her reputation and credibility, her lawyer said.
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Qualcomm Inc. , the biggest maker of mobile-phone chips, rose the most in more than three months on the Nasdaq after its profit and sales forecasts topped analysts’ estimates amid the increasing popularity of smartphones.
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Less than two months ago, Nokia Oyj Chief Executive Officer Stephen Elop stood up at the mobile- phone industry’s annual jamboree to declare that the company had turned the corner as sales of its new smartphone blossomed.
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BDO USA LLP and its parent, the ex- auditors of indicted financier R. Allen Stanford ’s former company, were sued for $10.7 billion by investors claiming BDO ignored signs of potential fraud.
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Shares of the following companies had unusual moves in U.S. trading. Stock symbols are in parentheses and prices are as of 4 p.m. in New York.
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