Li Lu, a student leader at Tiananmen Square, founded a hedge fund that has garnered a 26% return since 1998, and is now a leading candidate to run a chunk of Berkshire\'s $100 billion portfolio.
The SEC filed charges against two brothers, accusing them of reaping more than $550 million in undisclosed gains while sitting on corporate boards by trading stock in those companies through hidden entities in foreign jurisdictions.
Citigroup will pay $75 million to settle regulatory charges that it failed to disclose $40 billion in subprime exposure to investors in the second and third quarters of 2007.
The Dow industrials fell 30.72 points amid disappointing revenues from utilities and consumer companies. But blue chips remain on track for their best month since July 2009.
A Google website indicated its search engine is largely unavailable to users in mainland China, though some users reported the web search was accessible from Beijing.
India\'s Reliance ADA Group is in talks with Universal Studios, a unit of General Electric, to build a $1.5 billion integrated theme park and resort in India.
Intel won a key ruling in a suit against the company on behalf of computer buyers, which found no evidence that consumers have been hurt by the company\'s discounting practices in the market for computer chips.
Cuomo launched a fraud investigation into the life-insurance industry for practices that allegedly denied families of deceased military personnel and others from collecting cash from their policies.
House and Senate leaders, deadlocked over a comprehensive FAA bill including plans for air-traffic control improvements, have compromised on a slimmed-down measure to enhance airliner safety.
Two Texas Republicans want FDA Commissioner Peggy Hamburg to press Beijing on what Chinese health authorities did to track the contaminated heparin linked 81 deaths in the U.S. in 2008.
Initial jobless claims declined by 11,000 to 457,000 last week, but that followed a big rise the previous period, signaling little improvement in the job market.