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HFT firms Said to Be Subpoenaed in NY Probe

HFT firms Said to Be Subpoenaed in NY Probe

New York’s attorney-general has sent subpoenas to six high-frequency trading firms as its investigation into whether certain traders have an unfair advantage over others widens beyond the stock exchanges. The office of Eric Schneiderman last week sent subpoenas to six trading firms, including Tower Research, Chopper Trading and Jump Trading, a person familiar with the matter said. The identity of ... Read More »

Heiress’s extra home Sells for $14 Million

Heiress' French-style chateau sells for just $14M

After nine years on the market, the legendary 52-acre estate of Huguette Clark in New Canaan finally has been sold, Realtor Barbara Cleary said Monday. The property, which was listed at $15.9 million, was purchased for $14.3 million by DeLom LLC, according to Cleary, who would not reveal who’s behind the purchase. Read More »

Amazon Offers Workers $5,000 To Quit

Amazon Offers Workers $5,000 To Quit

Amazon CEO Jeff Bezos announced the “Pay to Quit” program to the company’s shareholders on Thursday. Bezos said the new programs offers Amazon’s employees up to $5,000 to quit their jobs, with the goal being to make sure their employees really want to be there. “The goal is to encourage folks to take a moment and think about what they ... Read More »

Phil Ivey sued by Atlantic City casino Borgata for alleged cheating

Phil Ivey sued by casino for allegedly cheating house out of $9.6 million

Phil Ivey‘s alleged use of “edge-sorting” in Baccarat earned the nine-time WSOP bracelet winner almost $10 million in ill-gotten winnings according to a lawsuit filed Wednesday by the Borgata Hotel & Casino. The suit alleges Ivey and Cheng Yin Sun used the technique to defraud the Atlantic City casino of $9.6 million in 2012. This lawsuit comes less than one ... Read More »

Teen sells diamond found in Arkansas park for $20G

Teen sells diamond found in Arkansas park for $20G

Visitors come to Arkansas’ Crater of Diamonds State Park to dig for gemstones, but a 14-year-old Oklahoma girl didn’t really expect to find one on her family’s visit there last October. After two hours of digging, Tana Clymer was about to give up when she saw what she at first thought was a candy wrapper. Turns out, it was a ... Read More »

Sofia Vergara buys $10M house

Sofia Vergara buys $10M house

Soon-to-be -married “Modern Family” actress Sofia Vergara just dropped $US10.6 million on a villa in the heart of Beverly Hills, according to Trulia. The 11,400-square-foot home has seven bedrooms and 11 bathrooms, including a master suite with separate his and hers closets and a balcony terrace. Read More »

Teen Offers Idea to Save Government $136 Million per Year

Teen Offers Idea to Save Government $136 Million per Year

As the world’s largest purchaser, the U.S. government must explore every savings opportunity — down to the last serif on its millions of printed pages. But when a Pittsburgh sixth-grader recently detailed a proposal to save the feds $136 million merely by printing documents in a simpler typeface, the Government Printing Office’s reaction was lukewarm. Read More »

5 Ex-Madoff Employees Convicted at trial

5 ex-Madoff employees found guilty of fraud

Five former workers of imprisoned financier Bernard Madoff were convicted Monday following a six-month trial in a Manhattan federal court. The past employees of Madoff’s Wall Street firm were accused of helping the former NASDAQ chairman hide a Ponzi scheme that cheated investors out of billions of dollars. Read More »