Supreme Court upholds insider trading law in Salman case
The Supreme Court ruled unanimously that sharing corporate secrets with friends or relatives is illegal even without a direct payoff. Bassam Salman was convicted of profiting over 1.5 million from tips passed along by Maher Kara and Michael Kara, with Kara pleading guilty to conspiracy and securities fraud. The decision narrows a 2014 Manhattan appeals ruling and signals broader enforcement against market corruption.
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Supreme Court
Wall Street
Bassam Yacoub Salman
Illinois
Federal Appeals Court
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Samuel Alito
Salman
Maher Kara
Citigroup Global Markets
New York
Kara
Michael Kara
Leon Cooperman
Cooperman
Supreme Court rules Samsung earns partial profits in Apple dispute
The Supreme Court rules Samsung is not liable for all profits from 11 iPhone design infringing models. Apple had won a 399 million judgment. the case returns to a lower court to determine liability under the total profits standard.
MENTIONED IN THIS ARTICLE
Washington
Supreme Court
Samsung
Apple
Cupertino
Calif
Google nears world power from renewable energy pledge
Google says it will offset all electricity used worldwide with renewable power starting next year, mostly from wind and solar, across 13 data centers and offices. The company follows a four year commitment and trails Apple in near completion, while Greenpeace notes multiple tech firms aim to match renewables use.
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San Francisco
Google
Internet
U.S
Mountain View
Calif
Gary Cook
Greenpeace
Apple
Donald Trump
Involuntary Part-Time Work Voids U.S. Recovery
The piece reports rising involuntary part-time work, especially among low and middle income groups and women, with 6.4 million people seeking full-time hours. It notes 26.4 million part-time workers overall, 4.2 percent involuntary in 2016, and regional and sectoral concentration in retail and hospitality.
MENTIONED IN THIS ARTICLE
Lonnie Golden
Pennsylvania State University
Economic Policy Institute
U.S
Golden
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