The Lookout
  • Insider trading probe yields first charges

    Dragnet croppedWe've told you about the wide-ranging federal investigation of possible insider trading by hedge funds, investment bankers, consultants and others. Now that probe has yielded its first charges.

    Four consultants have been charged with passing on inside information about prominent technology companies, including Apple, Dell and others, reports the Wall Street Journal.

    The consultants worked for Primary Global Research, a Silicon Valley firm that hooks up hedge funds and investment banks with industry experts -- often former corporate employees -- who can provide trading tips.

    Read More »from Insider trading probe yields first charges
  • Another judge may reject health-care overhaul

    constitutionCould President Obama's health-care overhaul be struck down by a second federal judge?

    That's a distinct possibility. Roger Vinson, a federal district court judge in Florida, said yesterday it would take "a giant leap" to accept the Obama administration's argument that requiring almost all Americans to buy health care is constitutional, reports the New York Times.

    "People have always exercised the freedom to choose whether to buy or not buy a commercial product," Vinson added.

    Read More »from Another judge may reject health-care overhaul
  • Screen shot 2010-12-17 at 10.35.43 AMThe National Organization for Women has filed a complaint with California police and prosecutors alleging that local Hooters restaurants are breaking the law by serving to minors.

    San Francisco Chronicle reporter Bob Egelko writes that NOW -- best known for pursuing legal remedies for sexism and promoting women as candidates for public office -- is accusing the restaurant of luring minors into its franchises, which are designed for maximum display of decolletage. The complaint points out that the Hooters chain supplies "child menus, high chairs and booster seats, and sells T-shirts in children's sizes that identify the wearer as a 'Future Hooters Girl.' " The businesses are classified as "adult," so they cannot legally serve minors, the complaint says.

    Attorney Mona Lisa Wallace, president of NOW's San Francisco chapter, told news station KTVU that the complaint is an attempt to expose hypocrisy inherent in Hooters' legal and marketing strategy. In order to skirt equal-opportunity employment laws that bind restaurants, Hooters calls itself an adult business that provides "vicarious sexual entertainment." Hooters is thus allowed to hire primarily young and attractive women without having to fear discrimination suits from men or older women the company refuses to hire.

    But, Wallace says, by serving children as if it were a normal restaurant, Hooters is trying to (illegally) have its cake and eat it too.

    Read More »from Women’s group says Hooters breaking law by serving minors

Pagination

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  • Final Glance: Gold companies

    Shares of some top gold companies were mixed at the close of trading: Barrick Gold Corp. fell $.08 or .5 percent, to $16.44. Gold Fields rose $.06 or 1.4 percent, to $4.41. GoldCorp. rose $.09 or .4 percent, ...

  • Don't Underestimate Smartwatches
    Don't Underestimate Smartwatches

    It's important to understand that like the iPhone before it, the Apple Watch isn't at all what its name would imply. Just as smartphones have become supercomputers in our pockets, the Apple Watch and its many competitors, including Android-powered devices from Motorola and Samsung Electronics, are poised to become something more. "There's so much [the Apple Watch] can do that we haven't really even talked about," Tim Cook told USA Today on the day of the announcement. When a company like Google or Apple deliberately creates a place for other companies to sell their own, complementary wares, it is called a platform.

  • Scottish independence could mean messy divorce
    Scottish independence could mean messy divorce

    LONDON (AP) — How do you divorce after a 300-year union? It's complicated, and there is a deadline.

  • Iran supreme leader spurns U.S. overture to fight Islamic State

    By Jason Szep and Mehrdad Balali PARIS/DUBAI (Reuters) - Iran's supreme leader said on Monday he had personally rejected an offer from the United States for talks to fight Islamic State, an apparent blow to Washington's efforts to build a military coalition to fight militants in both Iraq and Syria. World powers meeting in Paris on Monday gave public backing to military action to fight Islamic State fighters in Iraq. France sent jets on a reconnaissance mission to Iraq, a step toward becoming the first ally to join the U.S.-led air campaign there. ...

  • Discovery! First Water Ice Clouds Found Beyond Our Solar System
    Discovery! First Water Ice Clouds Found Beyond Our Solar System

    For the first time, astronomers have detected water ice clouds, like the ones that shroud Earth, around a dim celestial body outside of our solar system. Scientists discovered evidence of the alien water ice clouds in infrared images of a newly discovered brown dwarf that's as cold as the North Pole. "Ice clouds are predicted to be very important in the atmospheres of planets beyond our solar system, but they've never been observed outside of it before now," study leader Jacqueline Faherty, who is a fellow at the Carnegie Institution for Science in Washington, D.C., said in a statement. Ice water has been found around gas giants in our solar system.

  • Toddler Freaks Out After Dad Shaves Off His Beard
    Toddler Freaks Out After Dad Shaves Off His Beard

    Never in the history of peekaboo has the outcome been so dramatic. One toddler learned the hard way that the fun game does not always end well.

  • Warning: War with ISIS will spook financial markets
    Warning: War with ISIS will spook financial markets

    Yahoo Finance spoke with Former OMB Director David Stockman and economist James Galbraith about how war with ISIS will affect the financial markets and the U.S. economy.

  • 'Zombie' homes haunt Florida neighborhoods

    Neighborhoods devastated by thousands of abandoned homes as banks fail to follow through on foreclosures.

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