Hector Ruiz News
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Raj Rajaratnam, the Galleon Group LLC co-founder whom prosecutors called “the modern face of illegal insider trading,” was sentenced to 11 years in prison, one of the longest terms ever for insider trading, though less than half of the maximum sought by the government.
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Advanced Micro Devices Inc.’s former Chief Executive Officer Hector Ruiz has opened a consulting company, aiming to win business by touting his experience in leading strategy and transactions while at the chipmaker.
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Galleon Group LLC co-founder Raj Rajaratnam’s lawyer accused U.S. prosecutors of living in a “make-believe” and “imaginary world” where publicly available information about pending deals “didn’t exist.”
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Advanced Micro Devices Inc. is looking for a leader to replace ousted Chief Executive Officer Dirk Meyer who can do a better job combating Intel Corp. and getting chips into new devices.
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Advanced Micro Devices Inc., Intel Corp.’s largest rival in computer processors, named Lenovo Group Ltd. Chief Operating Officer Rory Read to replace ousted Chief Executive Officer Dirk Meyer.
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Anil Kumar , a former director at McKinsey & Co., said Raj Rajaratnam told him the value of his inside information to Galleon Group LLC was “diminished” because trader Danielle Chiesi 's “intimate relationship” with the head of Advanced Micro Devices Inc. made her tips more valuable.
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President Barack Obama said a Justice Department probe will examine the role of “traders and speculators” in oil markets and how they contribute to high gas prices.
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Advanced Micro Devices Inc., expected to report its largest annual profit this year since 2000, may find its improving results overshadowed by the lack of progress in finding a new chief executive officer.
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Danielle Chiesi, the former New Castle Funds LLC analyst who pleaded guilty to passing secret tips to Galleon Group LLC co-founder Raj Rajaratnam, was sentenced to 2 1/2 years in prison.
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The lawyer for Galleon Group LLC co-founder Raj Rajaratnam accused U.S. prosecutors of living in a “make-believe” and “imaginary world” where publicly available information about pending deals “didn’t exist.”
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