Ex-hedge fund trader charged in $276M insider ploy

NEW YORK (AP) — A former hedge fund portfolio manager was arrested Tuesday in what prosecutors called perhaps the most lucrative insider trading scheme of all time — an arrangement to obtain secret, advance results of tests on an experimental Alzheimer’s drug that netted more than $ 276 million for his fund and others.The case also led authorities to...

Read More..

HP’s Financial Mess Is Making Everyone Sorry

You know who’s probably having the best day ever? Try Mark Hurd, the guy who had to resign as chief executive of Hewlett-Packard (HPQ) in August 2010 under a cloud of HR shadiness.Due in large part to the incompetence of the management that replaced him, and the board that oversaw it all, shares of the venerable Silicon Valley pioneer have since fallen...

Read More..

AP Exclusive: Syrian rebels seize base, arms trove

BASE OF THE 46TH REGIMENT, Syria (AP) — After a nearly two-month siege, Syrian rebels overwhelmed a large military base in the north of the country and made off with tanks, armored vehicles and truckloads of munitions that rebel leaders say will give them a boost in the fight against President Bashar Assad‘s army.The rebel capture of the base of the Syrian...

Read More..

Review: Wii U Filled With Potential

The Nintendo Wii turns six this month, making the video game system past its prime in console years. Nintendo and third-party developers have been slowly grinding Wii titles to a halt as all prepare for its successor, the $ 300 Wii U (say it with us, We-you), to launch today.WATCH: Wii U Video Review The latest Nintendo...

Read More..

Aussie rockers AC/DC’s music to be sold on iTunes

NEW YORK (Reuters) – AC/DC‘S entire catalogue, including 20 studio and live albums and three compilations will be available on iTunes for the first time worldwide, Columbia Records and Apple said on Monday.Until now the Australian heavy metal group that was formed by two brothers, Angus and Malcolm Young, in 1973, had refused to put their music on Apple...

Read More..

Unemployment may increase chances of heart attacks

CHICAGO (AP) — Unemployment hurts more than your wallet — it may damage your heart. That’s according to a study linking joblessness with heart attacks in older workers.The increased odds weren’t huge, although multiple job losses posed as big a threat as smoking, high blood pressure and other conditions that are bad for the heart. The...

Read More..

A Short To-Do List for Intel’s Next CEO

With Paul Otellini heading in May to the nearest 18-hole course, speculation is rampant about who will replace him. That’s a parlor game this post isn’t going to get into (although you can see a good roundup of likely candidates here). But no matter who gets the job, the new chief executive officer of Intel (INTC) has a refreshingly brief and direct...

Read More..

Turbulence on Cuba-Italy flight leaves 30 bruised

ROME (AP) — An airliner flying from Havana to Milan abruptly plunged some 1,000 meters (3,300 feet) when it hit unusually strong turbulence over the Atlantic on Monday, terrifying passengers and leaving some 30 people aboard with bruises and scrapes, airline officials said.The flight continued to Milan’s Malpensa airport after the plane’s captain determined...

Read More..

Android de Google resta cada vez más mercado a Apple

Los teléfonos inteligentes y tabletas informáticas con el sistema operativo Android de Google están acaparando el mercado de dispositivos móviles y robando espacio a Apple al saciar el apetito por la innovación y los bajos precios, estiman analistas.El sistema operativo Android funciona en casi tres de cada cuatro teléfonos inteligentes vendidos en el...

Read More..

Singing stars arrive for American Music Awards

Pink on a song with Lauryn Hill? The pop star hopes so.Pink said on the red carpet of the American Music Awards that she’d like to collaborate with the acclaimed singer-rapper. Cyndi Lauper said her musical playlist includes Pink, Nicki Minaj and Carly Rae Jepsen‘s “Call Me Maybe.” Boy band The Wanted is excited to see...

Read More..