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...issue are a number of purported information leaks, which - if the allegations are proven true - fall into a truly special category of brazenness. For example: a Moody's bond-rating analyst sharing privileged information that the private-equity firm Blackstone was about to buy Hilton Hotels. A senior vice president at IBM handing over details of Sun Microsystems's financials, which he had access to only because IBM was contemplating buying Sun. A managing director of Intel passing along the company's revenue and profit numbers before they were publicly released and later asking his hedge-fund consort...

Author: /time Magazine | Title: Arrests Open a Window on Hedge-Fund Culture | 10/21/2009 | See Source »

...current case involves many charges - all told, six defendants, nine companies whose securities were allegedly illegally traded and many more than that number of actual trades. And while one alleged instance of illegality conveniently included Chiesi comparing her situation to the most famous insider-trading case in recent memory (though Martha Stewart ultimately went to prison for obstruction of justice and making false statements, not insider trading), many of the other instances could be more open to interpretation. This is a big case, and it will take a long time to untangle it in court...

Author: /time Magazine | Title: Arrests Open a Window on Hedge-Fund Culture | 10/21/2009 | See Source »

...demo by Yusuf Mehdi, senior vice president of the online audience business group at Microsoft, a number of advances were immediately apparent. The most important for Twitter fans is that Bing reorders the massive, unwieldy Twitter stream by creating a "social relevance" score based on the quality of the tweet - "Life sucks" for instance, would not achieve high relevance - as well as the popularity of the tweeter. Then the tweet is run through spam and obscenity filtration to get a final result. (See the 50 best websites...

Author: /time Magazine | Title: Bing vs. Google: The Conquest of Twitter | 10/21/2009 | See Source »

...enough with the overly promotional verbiage—basically, you log on to KangoGift.com, select what you would like to purchase as a gift, enter the recipient's phone number, pay via credit card, and then the gift-receiver will get a text message that entitles them to whatever you purchased for them from whatever store sells it. Currently at KangoGift.com you can buy gifts for people at Berryline, Daedalus, Trata, Finale, and a local flowershop...

Author: By Eric P. Newcomer | Title: Gift Texting = Yummy | 10/21/2009 | See Source »

...dedication, Hill represented Singapore in the 2006 Asian Squash Championships in Taiwan. In the past three years, Hill has also become an integral part of the Harvard team. He will likely play number two or three on the ladder this year...

Author: By Charlie Cabot, CONTRIBUTING WRITER | Title: Hill Goes To Great Lengths To Play | 10/21/2009 | See Source »

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