SAC Capital

Electronic Arts Inc. (NASDAQ: EA) spiked 5 percent and peers more than 2 percent Friday after Melvin Capital Management increased its stake from 970,000 shares to 15.9 million. The long-short equity fund boosted its ownership to 5 percent, according to a 13G filing, expanding a video game portfolio...

Academy Award-winning actor Matthew McConaughey stars in the new movie “Gold,” which tells the story of fraudulent Canadian gold mining company Bre-X. Bre-X is only one of hundreds of crazy Wall Street characters and stories fit for the big screen. Here are four crazy Wall Street...

Here's a look at the top tickers trending on StockTwits.com QIHOO 360: Strong earnings and guidance, home page visits a concern Last night, QIHOO 360 (NYSE: QIHU) reported its fourth quarter results. The company announced an EPS of $0.70, beating the consensus estimate of $0.43. Revenue of $...

Wednesday marked the last day Wall Street's hedge-fund managers could have filed their 13Fs for the latest quarter. "Whale watchers," a term coined by financial media sources for those who love to following these high-profile traders into positions, have been tuned into the SEC's EDGAR website...

There are millions of tweets written every day. Benzinga sifts through the maelstrom of information to find the ten best tweets of the day that are either informative, insightful, or just down right comical. 1. Reuters Business Reuters Business (@ReutersBiz) tweeted an article about UBS's (NYSE:...

It's finally happened: SAC Capital, the legendary hedge fund run by Steven A. Cohen, has been charged in a New York federal court for one count of wire fraud and four counts of securities fraud. The wire fraud arises from the use of insider information to dupe investors out of fees while the...

Futures Rise Into Payrolls, Central Bank Guidance As Metals Plummet U.S. equity futures rose into the much anticipated Employment Situation Report. Non-Farm Payrolls are expected to have gained 161 thousand in June, below the pace set in May, but the unemployment rate is expected to tick down to 7...

Yet another former employee of SAC Capital was indicted on insider trading. On Tuesday, U.S. Attorney Preet Bharara's office charged former SAC Capital portfolio manager Mathew Martoma in a $276 million insider trading case -- the largest of its kind. The alleged nefarious trading took place in...

Another bombshell dropped on Tuesday in the sprawling insider trading investigation being run out of Preet Bharara's office. The U.S. Attorney for the Southern District of New York unveiled an indictment against former SAC Capital portfolio manager Mathew Martoma accusing him of trading on inside...

A former technology analyst at Steve Cohen's hedge fund, SAC Capital Advisors LP, has pleaded guilty to charges that he took part in an insider trading ring. Joe Horvath, 42, faces a maximum sentence of 45 years in prison and could be deported, as he is a Swedish citizen. He pleaded guilty to one...