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The Two-Way
10:21 am
Mon November 4, 2013

SAC Agrees To Plead Guilty To Insider Trading

Steven A. Cohen, founder and chairman of SAC Capital Advisors, is interviewed in Las Vegas in 2011.
Steve Marcus Reuters/Landov

Originally published on Mon November 4, 2013 3:21 pm

Reaching a plea deal with federal prosecutors, the hedge fund firm SAC Capital Advisors has agreed to plead guilty to insider trading, pay a $1.8 billion fine and end its investment advisory business.

Reuters reports:

"U.S. prosecutors on Monday filed a letter describing the deal to the judges in a pair of cases - one criminal, the other a civil forfeiture action - against SAC Capital stemming from a massive insider trading investigation. The judges would have to approve the deal."

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The Two-Way
10:19 am
Mon November 4, 2013

Pop In A Cassette And Celebrate? Chrysler's Minivans Are 30

It was radical in its day: Chrysler's minivans first rolled off assembly lines in November 1983. This is one of those original model year 1984 editions.

Originally published on Mon November 4, 2013 10:23 am

Depending on how many hours you spent in the backseat being tortured by a sibling or how many hours you spent in the driver's seat being forced by your kids to listen to Beat It, this may not be an anniversary you wish to celebrate.

And the honoree has many critics who say it was just darn ugly when it debuted in 1983.

But there are those who seem to be looking back with fondness on the now 30-year-old life of the Chrysler minivan. After all, it's a vehicle that basically created a market that didn't exist, was imitated by others and became a cultural icon.

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The Two-Way
9:40 am
Mon November 4, 2013

Google's Eric Schmidt Says Reports Of NSA Spying Are 'Outrageous'

Executive Chairman of Google Eric Schmidt speaks at the Chinese University in Hong Kong on Monday.
Philippe Lopez AFP/Getty Images

Originally published on Mon November 4, 2013 10:24 am

Google's Executive Chairman Eric Schmidt says reports that the NSA circumvented the Internet giant's efforts to protect its users' data are "outrageous."

Schmidt made the comments in an interview with The Wall Street Journal.

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NPR Story
9:27 am
Mon November 4, 2013

BlackBerry Abandons Plans To Sell Itself, Replaces CEO

Originally published on Mon November 4, 2013 11:39 am

A few weeks ago, the smartphone maker announced it had signed a letter of intent to sell the company valued at $4.7 billion to Fairfax Financial Holdings. Instead, in a statement released Monday, BlackBerry announced it will receive a $1 billion investment from Fairfax Financial and others. BlackBerry CEO Thorsten Heins will step down and be replaced by interim CEO John Chen.

Monkey See
8:40 am
Mon November 4, 2013

That'll Always Be The Dream: National Novel Writing Month

Did you know November is National Novel Writing Month?

It isn't by order of Congress, but it is on the internet, where you'll see this combination of letters — NaNoWriMo — all over the place, making absolutely no sense and sounding to the uninitiated like a species of caterpillar or a ship on Star Trek. Amusingly enough, even that is too long for participants trying to pound out a book in a month, so they call it, very often, "NaNo."

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