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Insider Trading Rita: I just got a hot tip from my brother to buy stock in McQ Corp. Rick: Your brother works for McQ Corp., doesnt he? Rita: Yeah, hes a director in the company, so he should know if something big is brewing. Rick: If hes a director
The United Nation's World Food Program says rogue members of Somalia's extremist al-Shabab group attempted to raid its compound late Sunday in the Somali town of Wajid, about 300 kilometers northwest of Mogadishu. World Food Program spokesman, Peter
Swiss bank UBS has now begun an internal investigation into the failure of its risk systems. This follows revelations that a rogue equities trader has cost the company some 2.3 billion US dollars. UBS says David Sidwell, the former chief financial of
Police in London say they have arrested a man accused in an unauthorized trading scheme that allegedly cost Swiss bank UBS about $2 billion. Police say Kweku Adoboli, 31, was taken into custody Thursday on the suspicion of abusing his position to com
Wall Street analysts searching for reasons for the U.S. stock market's sharp swings in early August point to high unemployment, the European debt crisis and other basic economic problems. But some also suspect what is known as high-frequency trading,