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Pennsylvania lawyer convicted in U.S. of insider trading

Herbert Sudfeld, 64, was convicted on charges of securities fraud and making a false statement by a federal jury in Philadelphia following a four-day trial, prosecutors said. The Doylestown, Pennsylvania- resident faces a maximum sentence of 25 years in prison, according to the U.S. Attorney's Office in Philadelphia. Sudfeld was indicted in July on charges that...
Source: Reuters | By: Nate Raymond
BlackBerry laying off 200 employees

In what appears to be part of its retrenchment from making phones, BlackBerry said on Friday that it has cut 200 jobs. The New York Times reports.
Source: The New York Times | By: Ian Austen
UPDATE 1-Ex-Harman International exec arrested in U.S. for insider trading

Dennis Hamilton, a former vice president of tax at Harman, was charged in a criminal complaint filed in New Haven, Connecticut, with securities fraud in connection with trades in the company's stock that prosecutors said netted him over $130,000. The U.S. Securities and Exchange Commission brought a related civil action over the non-public information that...
Source: Reuters | By: Nate Raymond
The rout could continue next week. Here's why

Analysts say they would not be surprised to see stocks take aim at January's lows in the week ahead.
Source: CNBC.com | By: Patti Domm
Ford CEO: Auto industry is being underestimated

Jim Cramer spoke to the CEO of Ford Motor Company about the disconnect between auto sales and stock performance.
Source: CNBC.com | By: Abigail Stevenson
BlackBerry cuts 200 jobs in Ontario and Florida to trim costs

TORONTO, Feb 5- BlackBerry Ltd is cutting 200 jobs at its hometown headquarters in Ontario and in Florida in order to trim costs, it said on Friday, as the smartphone maker moves to turn around its fortunes and put more emphasis on its enterprise software business. The layoffs will affect 75 manufacturing jobs in Sunrise, Florida, a state government website showed.
Source: Reuters
EXCLUSIVE-Top cybercrime ring disrupted as authorities raid Moscow offices-sources

WASHINGTON, Feb 5- Russian authorities in November raided offices associated with a Moscow film distribution and production company as part of a crackdown on one of the world's most notorious financial hacking operations, according to three sources with knowledge of the matter. Experts familiar with the situation said the case represents Russia's biggest...
Source: Reuters | By: Joseph Menn
UPDATE 3-Bridgewater's Dalio calls report about feud with Jensen overblown

NEW YORK, Feb 5- Ray Dalio, founder of Bridgewater Associates LP, the world's largest hedge fund, said on Friday that a Wall Street Journal story about a dispute with his heir apparent, Greg Jensen, was overblown. The Wall Street Journal declined to comment. Dalio is chairman and co-chief investment officer of Bridgewater, which has $154 billion in assets under...
Source: Reuters | By: Jennifer Ablan and Lawrence Delevingne
UPDATE 1-Canadian uranium producer Cameco reports quarterly loss

The company reported a net loss of C $10 million, or 3 Canadian cents per share, attributable to shareholders for the fourth quarter ended Dec. 31. Cameco had a profit of C $73 million, or 18 Canadian cents per share, in the year-earlier quarter. The company took an impairment charge of $210 million related to the Rabbit Lake operation in the fourth quarter compared...
Source: Reuters
Bernie Sanders slated to appear on 'SNL'

Bernie Sanders is headed to "Saturday Night Live," the Vermont senator's campaign confirmed on Friday.
Source: CNBC.com | By: Sarah Whitten