The Securities and Exchange Commission said it has obtained the largest settlement ever in an insider trading case. Two affiliates of the hedge fund SAC Capital Advisors have agreed to pay $614 million to settle charges of participating in insider trading schemes. The SEC alleged that a portfolio manager at one of the firms obtained confidential details about an Alzheimer's drug trial from a doctor who was presenting final results to the public.
For the first time, Boeing has laid out in detail the changes it plans to make in the Dreamliner 787's lithium ion battery. The company now believes the 787s will be back in service in a "matter of weeks."
The economic expansion of the so-called "Global South" is being driven by new trade and technology partnerships, according to a United Nations report. The UN predicts that over the next two decades, economic and political power will shift away from Europe and North America.
Prices rose overall by 0.7 percent. The major factor: a 9.1 percent surge in gasoline. Since February, though, gas prices have retreated. So economists do not think the latest report changes the inflation picture.
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