- Prosecutors Consider Use of Organized Crime Law Against SAC The Wall Street Journal
Federal prosecutors are considering charging hedge fund SAC Capital Advisors LP as a criminal enterprise through a powerful legal tool used against the Mafia and drug gangs, people familiar with the probe said.
- Sony Mulls Hedge Fund's Entertainment Sale Idea AP
Sony's CEO Kazuo Hirai says the electronics giant's board will discuss a proposal by U.S. hedge fund manager Daniel Loeb to spin off up to 20 percent of its movie, TV and music division.
- Toll Brothers Profit Rises 46% Reuters
Toll Brothers Inc posted a 46 percent rise in quarterly profit as the largest U.S. luxury homebuilder sold more homes at higher prices, indicating that the housing recovery is spreading across the industry.
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SPRD Gold Shares has disposed of over 300 tons of gold so far this year, something Tom Lydon, the editor of ETF Trends, says is "amazing" and "incredi …