The Fancy, an online shop with items culled by customers, raised $53 million from investors including American Express Co., billionaire Len Blavatnik and actor Will Smith, people familiar with the matter said.
Former employees of Advanced Micro Devices Inc. lost a bid for dismissal of claims that when they joined competing chipmaker Nvidia Corp. they disclosed trade secrets and urged ex-colleagues to follow them.
Paul Ceglia, who claims half the holdings of Facebook Inc. co-founder Mark Zuckerberg, must produce originals of the contract and e-mails that he says prove his case, a judge ordered at the request of the company.
Citigroup Inc.’s Singapore unit sued Hong Kong-based hedge fund manager Raghavendran Rajaraman, seeking to recoup $1.03 million in trading losses the bank says he incurred after gold fell from a record high in September.
Mark Anthony Longoria, a former employee of Advanced Micro Devices Inc. charged in a U.S. probe of insider trading by fund managers and expert networking consultants, pleaded guilty to a four-year fraud scheme.
The U.S. Securities and Exchange Commission needs to improve oversight of firms exempt from certain regulations, the agency’s watchdog said, citing “numerous” cases in which companies violated conditions of the waivers.