Richard Lane News
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Richard Strassberg, the Goodwin Procter LLP lawyer who represented Martha Stewart’s broker Peter Bacanovic in his 2004 criminal trial, will head a legal team defending former SAC Capital Advisors LP portfolio manager Mathew Martoma against insider-trading charges.
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U.S. non-financial companies held a record $1.45 trillion in cash at the end of 2012, up 10 percent from the previous year, according to Moody’s Investors Service.
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U.S. prosecutors agreed to drop five-year-old fraud charges against former Bristol-Myers Squibb Co. executives Frederick S. Schiff and Richard Lane, who must pay money to a settlement fund under a court-approved deal.
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Former Bristol-Myers Squibb Co. executives Frederick S. Schiff and Richard Lane will have federal criminal fraud charges dismissed in one year under an agreement with the Justice Department.
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A federal appeals court in New Orleans set an expedited hearing date for arguments over whether to lift a moratorium on deep-water drilling. The hearing is scheduled for July 8.
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Apple Inc., the world’s most valuable business, led U.S. corporations in amassing a record $1.24 trillion of cash last year as memories of the 2008 credit crisis linger, according to Moody’s Investors Service.
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Hewlett-Packard Co. had its credit ratings cut by Moody’s Investors Service, which cited concern about the computer maker’s ability to contend with competition and “execution challenges.”
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Bondholders are giving Cisco Systems Inc. a free pass on its plan to reward shareholders with half its free cash flow this year as the biggest maker of computer- networking equipment cuts prices and jobs to increase profit.
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Google Inc. dropped the most in three months in Nasdaq trading after reporting second-quarter profit yesterday that missed estimates, weighed down by a surge in spending.
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Eastman Kodak Co. is in advanced talks with Citigroup Inc. to provide bankruptcy financing as the unprofitable imaging company prepares for a potential filing, said three people familiar with the matter. The stock plunged.
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