Regulators cleared Nasdaq OMX Group Inc.’s plan to pay $62 million to compensate brokers for its mishandling of Facebook Inc.’s public debut, dealing a defeat to Wall Street firms that say they lost many times that amount.
The U.S. Supreme Court expanded its scrutiny of affirmative action in higher education, agreeing to review a Michigan law that would bar public universities from considering race or gender as an admissions factor.
Republican Senator Rob Portman of Ohio, voicing support for same-sex marriage with a personal note that his son is gay, joins a bipartisan movement toward a recognition of rights that many Americans are embracing.
Republican Senator Rob Portman of Ohio, who was on Mitt Romney’s short list as a potential vice presidential nominee in 2012, has reversed his long-held position opposing same-sex marriage, he wrote in a column published today in the Columbus (Ohio) Dispatch.
Affirmative action came under attack at the U.S. Supreme Court as Chief Justice John Roberts took the lead in questioning whether universities should continue to give special preference to racial minorities.
Universities may be forced to roll back affirmative action programs that date to the 1960s, as the U.S. Supreme Court’s Republican-appointed majority weighs how far to limit the use of racial preferences in admissions.
The insider-trading indictment of ex-SAC Capital Advisors LP portfolio manager Mathew Martoma sets in motion a criminal trial process that puts new pressure on him to cooperate with the government’s investigation of the hedge- fund firm founded by billionaire Steven A. Cohen.