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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  • Today in History

    Today is Friday, August 29, the 241st day of 2014. There are 124 days left in the year.

  • 10 Things to Know for Today
    10 Things to Know for Today

    Your daily look at late-breaking news, upcoming events and the stories that will be talked about today:

  • Workers cheer restored Market Basket CEO
    Workers cheer restored Market Basket CEO

    As Arthur T. Demoulas made a triumphant return Thursday to lead the Market Basket supermarket chain, it was the words of his employees that summed up their fierce loyalty to him that led to a remarkable ...

  • Kiev to reinstate army conscription in coming months
    Kiev to reinstate army conscription in coming months

    Ukraine announced on Thursday that it will return to mandatory conscription in the coming months as its troops battle pro-Russian insurgents in the east. "The National Security and Defence Council has decided to restart conscription in the fall (autumn)," Mykhailo Koval, deputy head of the council, said after an emergency meeting chaired by President Petro Poroshenko. Ukraine's government decided last year to switch to a contract-based professional army, ending Soviet-style bi-annual drafts in the spring and fall for men between 18 and 25.

  • WIFE IS UNWILLING TO SHOULDER BURDEN OF MOTHER-IN-LAW'S CARE

    DEAR ABBY: My mother-in-law is 80 and in the early stages of Alzheimer's. She lives alone an hour and a half from us. She also has a professional who takes care of her once a week. My husband, "Fred," goes to help and entertain her every weekend, and I sometimes accompany him. She has enough money to stay in an assisted living facility, but Fred wants to build a mother-in-law apartment for her on our property. Abby, I don't like her. She was a bully when she was younger, and she's still manipulative. She has made some comments about me hitting her, which never happened. ...

  • Sister of Suspected Boston Marathon Bombers Arrested for Bomb Threat
    Sister of Suspected Boston Marathon Bombers Arrested for Bomb Threat

    Ailina Tsarnaeva, the sister of accused Boston Marathon bombers Dzokhar and Tamerlan Tsarnaev, surrendered to police on Wednesday. According to The New York Post, the 23-year-old Tsarnaeva turned herself in at a Manhattan police precinct for allegedly threatening her boyfriend's ex-girlfriend.  Tsarnaeva lives with her sister, Bella Tsarnaeva in North Bergen, New Jersey, just outside of Manhattan, the Associated Press reported.

  • Joan Rivers remains in medically induced coma
    Joan Rivers remains in medically induced coma

    81-year-old queen of comedy stopped breathing while having "routine" throat surgery

  • Recline-Gate 2: Another Plane Diverted After Passenger Leans Back
    Recline-Gate 2: Another Plane Diverted After Passenger Leans Back

    An American Airlines flight headed from Miami to Paris had to be diverted into Boston airport late on Wednesday night after two passengers began arguing and the argument turned physical. It was at that moment that air marshals, who were on the flight undercover, had to intervene.

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