Originally published on Mon November 4, 2013 3:21 pm
Reaching a plea deal with federal prosecutors, the hedge fund firm SAC Capital Advisors has agreed to plead guilty to insider trading, pay a $1.8 billion fine and end its investment advisory business.
"U.S. prosecutors on Monday filed a letter describing the deal to the judges in a pair of cases - one criminal, the other a civil forfeiture action - against SAC Capital stemming from a massive insider trading investigation. The judges would have to approve the deal."
Depending on how many hours you spent in the backseat being tortured by a sibling or how many hours you spent in the driver's seat being forced by your kids to listen to Beat It, this may not be an anniversary you wish to celebrate.
And the honoree has many critics who say it was just darn ugly when it debuted in 1983.
But there are those who seem to be looking back with fondness on the now 30-year-old life of the Chrysler minivan. After all, it's a vehicle that basically created a market that didn't exist, was imitated by others and became a cultural icon.
A few weeks ago, the smartphone maker announced it had signed a letter of intent to sell the company valued at $4.7 billion to Fairfax Financial Holdings. Instead, in a statement released Monday, BlackBerry announced it will receive a $1 billion investment from Fairfax Financial and others. BlackBerry CEO Thorsten Heins will step down and be replaced by interim CEO John Chen.
Originally published on Mon November 4, 2013 8:15 am
Good morning, fellow political junkies.
This week, the political headlines are expected to be dominated by several important off-year elections whose outcomes seem a foregone conclusion, if you believe the polls.
Democrat Terry McAulliffe in Virginia and Republican Chris Christie in New Jersey have significant polling leads in their governor's races. In New York City, Democrat and mayoral candidate Bill de Blasio appears poised to win in a blowout.
On patrol: A Los Angeles Police Department officer and her dog were among the security forces on duty over the weekend in Terminal 3 at Los Angeles International Airport. A gunman opened fire there Friday, killing a TSA officer and wounding several other people.
Good morning. I'm Steve Inskeep. Senator Rand Paul is not happy to be accused of plagiarism. He told ABC if dueling was legal, he might challenge one of his critics and seemed to refer to TV host Rachel Maddow. There's just one complication - under all dueling customs, if he challenges Maddow she gets to choose the weapon. Abe Lincoln was once challenged to a duel and chose broadswords, letting the long-armed Lincoln reach his opponent first. That duel was called off. It's MORNING EDITION. Transcript provided by NPR, Copyright NPR.
Something fishy is going on in Michigan. A 20-pound carp is campaigning as a write-in candidate for the city council in Ann Arbor. The fish was removed from a pond last year and released into a nearby river. That's the biography, as we understand it. From the candidate's Twitter feed, the fish describes himself as a politician and bottom-feeder. He tweets: Since I have no actual feet, I don't have to stand for anything. People in Michigan cast their votes tomorrow.