Connecticut-based hedge fund CR Intrinsic Investors "has agreed to pay more than $600 million to settle SEC charges that it participated in an insider trading scheme involving a clinical trial for an Alzheimer's drug," the Securities and Exchange Commission announced Friday.
China's new president, Xi Jinping, who was formally elected Thursday, is already engaged in his own anti-corruption campaign, threatening to go after the key players — the tigers as well as the flies.
Confronting the issue is a matter of political self-interest and survival for China's new leaders. The problem is how to root out corrupt officials when so many are quite literally invested in the system.
Comet Pan-STARRS is putting on a bit of a show for those in the Northern Hemisphere through the end of this month. We're seeing some beautiful photos, such as those taken this week by AFP/Getty's Stan Honda. He pointed his camera skyward near Magdalena, N.M.
The best viewing came earlier this week, but Forbes writes that if you're in the Northern Hemisphere you're not too late to see Pan-STARRS. It offers some tips:
Canadian officials are investigating an incident in which a driverless van traveled across the runway at Toronto's Pearson International Airport, at the same time an Air Canada flight was landing late Monday night. After the plane's pilots reportedly ignored commands to pull up, the jet "narrowly missed" the van, investigators say.