Prosecutors tried to stitch together separate strands in the insider-trading case against former McKinsey & Co. CEO Rajat Gupta, Facebook’s market makers may have lost $100 million due to Nasdaq glitches, and more in today’s Wall Street roundup.
U.S. v. Gupta: It was wiretap day at U.S. vs. Gupta, as prosecutors played FBI recordings of Read More
A Morning at Court
Caryn Eisenberg took the witness stand this morning in a black halter top covered by a sequin-studded cardigan and told jurors that Rajat Gupta was among a select group of confidants who could reach Galleon Group founder Raj Rajaratnam during his busiest trading hours. She wore a gold medallion and seemed to conceal a nervous Read More
Another big insider trading trial kicks off, a Morgan Stanley analyst cut Facebook projections ahead of Friday’s IPO and the day’s dose on JPMorgan trading losses. And still more in today’s Wall Street roundup.
What’s Good for the Gupta: The trial of former McKinsey & Co. chief executive Rajat Gupta opened yesterday, and Read More
Who knows what colors the proclivities of a man like Rajat Gupta, the former McKinsey & Co. chief executive standing trial for passing stock tips to Galleon Group manager Raj Rajaratnam. The son of an Indian journalist, possessor of Harvard MBA, once a hired gun in Helsinki and a sometimes Read More
JPMorgan fallout: Jamie Dimon couldn’t sleep after seeing the CIO positions! He had a hard time breathing! Mr. Dimon drank vodka, others drank wine and the JPMorgan chief executive officer struggled to fire “sister” Ina Drew. Ms. Drew told executives at an April 9 operating committee meeting that early press reports of the London Whale were Read More