Manhattan News

  • Facebook, Zuckerberg Plan to Sell Shares Worth $3.9 Billion

    Updated 3 minutes ago

    Mark Zuckerberg, the chief executive officer of Facebook Inc., is selling shares to help pay taxes, joining the company and some other shareholders in an offering worth about $3.9 billion.

  • U.S. Attorney Bharara Defends India Diplomat Strip-Search

    Updated 15 minutes ago

    The U.S. prosecutor who triggered an uproar with India over the arrest of diplomat Devyani Khobragade last week defended the charges and strip-search, saying she knowingly tried to evade U.S. law.

  • SAC Manager Guilty as Insider Focus Turns to Martoma

    Updated 53 minutes ago

    SAC Capital Advisors LP’s Michael Steinberg became the fund’s longest-serving manager to be convicted of insider trading in a U.S. victory that may increase pressure on his accused one-time colleague, Mathew Martoma, to cooperate in the probe of founder Steven A. Cohen.

  • ISE Bid for S&P, Dow Jones Indexes Rejected by U.S. Judge

    International Securities Exchange Holdings Inc. lost a second lawsuit over the Chicago Board Options Exchange’s exclusive license to list options based on the Standard & Poor’s 500 and Dow Jones indexes.

  • De Blasio’s Choice for NYC Budget Chief Brings Albany Experience

    Updated 39 minutes ago

    New York Mayor-elect Bill de Blasio’s choice of Dean Fuleihan as budget director may bolster his relationship with state lawmakers, who must approve his signature plan to fund early-childhood education.

  • Samsung, Apple, Coca-Cola, WWE: Intellectual Property

    Samsung Electronics Co., Apple Inc.’s rival in the smartphone market, is seeking U.S. patent protection for a mobile device with dual screens.

  • Wine Dealer Convicted of Selling Counterfeit Bottles

    A California wine dealer described by prosecutors as the operator of a “fake wine factory” was found guilty of scheming to sell counterfeits of rare vintages purportedly worth more than $1.3 million to collectors including billionaire William Koch.

  • Fosun Seeks More U.S. Deals After New York Tower Purchase

    Updated 42 minutes ago

    Billionaire Guo Guangchang, chairman of Shanghai’s Fosun International Ltd., is seeking to expand the company’s U.S. commercial real estate investments after the acquisition of New York’s 1 Chase Manhattan Plaza.

  • How Secret Currency Traders’ Club Devised Biggest Market’s Rates

    Updated 9 minutes ago

    It’s 20 minutes before 4 p.m. in London and currency traders’ screens are blinking red and green. Some dealers have as many as 50 chat rooms crowded onto four monitors arrayed in front of them like shields. Messages from salespeople and clients appear, get pushed up by new ones and vanish from view. Orders are barked through squawk boxes.

  • Facebook, Underwriters Must Face Class Action, Judge Says

    Facebook Inc. and the underwriters of its May 2012 initial public offering must face a class-action lawsuit by investors claiming the company misled them about its financial condition, a judge ruled.

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