The Daily Caller

The Daily Caller

Peter Schweizer: Dump STOCK, go with RESTRICT Act to clean up DC

Kells Hetherington
Contributor
WASHINGTON, DC - NOVEMBER 17:  U.S. House Minority Leader Rep. Nancy Pelosi (D-CA) speaks during her weekly press conference November 17, 2011 on Capitol Hill in Washington, DC. Pelosi discussed various topics and said she was optimistic about the outcome from the Joint Select Committee on Deficit Reduction.  (Photo by Alex Wong/Getty Images)

The STOCK Act would do little to address the problem of insider trading on Capitol Hill, says Hoover Institute fellow Peter Schweizer.

Southwest may delay flying growth to 2014

12:03 PM 01/19/2012

Southwest Airlines Co. (LUV) may delay any expansion to as late as 2014 as $100-a-barrel oil erodes profit growth, Chief Executive OfficerGary Kelly said. The shares rose the most in four weeks.

House to take symbolic vote against debt hike

3:31 PM 01/18/2012

WASHINGTON (AP) -- In a debate laced with politics, the GOP-controlled House on Wednesday kicked off another session by slating a futile vote against raising the government's borrowing cap by $1.2 trillion as permitted under last summer's bipartisan debt and budget pact.

Rubio withdraws support for controversial Internet law

3:05 PM 01/18/2012

MIAMI (CBSMiami) – On the same day that thousands of websites including Wikipedia and WordPress have gone dark to protest the Stop Online Privacy Act and Protect IP Act; Florida Senator Marco Rubio announced he was withdrawing his name and support for the bill.

The twilight of the Goldman Sachs trading gods

1:19 PM 01/18/2012

Goldman Sachs was once legendary for its trading prowess.

7 charged in $61M single-stock insider trade case

12:29 PM 01/18/2012

NEW YORK (AP) -- A hedge fund co-founder, a hedge fund portfolio manager, four financial analysts and a Dell Inc. employee teamed up in a record-setting insider trading scheme that netted more than $61.8 million in illegal profits based on trades of a single stock, authorities said Wednesday as they described a cozy network of friends in finance who made the most of their connections with corrupt employees of technology companies.

Northern Trust cuts 700 jobs

11:37 AM 01/18/2012

Northern Trust Corp., the third- largest independent U.S. custody bank, will eliminate about 700 jobs to join its biggest rivals Bank of New York Mellon Corp. and interest rates hobble profit.

Two hedge fund employees said to be in custody in insider probe

9:39 AM 01/18/2012

Two hedge-fund employees are in custody in the U.S. probe of insider trading that has already snagged Galleon Group LLC co-founder Raj Rajaratnam, and about 50 others, according to a person familiar with the matter.

UBS unit pays $300,000 to settle SEC charges

3:14 PM 01/17/2012

(Reuters) - An investment advisory arm of Swiss bank UBS will pay $300,000 to settle charges that it misled investors through incorrect pricing of securities in three of its mutual funds, U.S. securities regulators said on Tuesday.

Newt gets booed at Huckabee forum for criticizing Romney

10:22 PM 01/14/2012

CHARLESTON, S.C. -- In an event aimed at swaying undecided South Carolina voters, five Republican presidential hopefuls showed up in Charleston to make the case for why they should be the next GOP nominee.

Mitt Romney opens his wallet for unemployed SC woman

10:09 PM 01/14/2012

As a candidate who has raised tens of millions of dollars during his presidential campaign, Mitt Romney did something unusual Saturday while shaking hands after an event in Sumter, South Carolina. He opened his wallet and handed unemployed Ruth Williams some cash. Williams would not say how much money Romney gave her but campaign aides say it was between $50 - 60.

Battle for social conservatives heats up as Santorum wins key endorsement

6:01 PM 01/14/2012
Decision comes amid speculation that, among social conservatives reluctant to support front-runner Mitt Romney

Report: News Corp. preparing Dodgers bid

5:36 PM 01/13/2012

The list of interested parties in the Los Angeles Dodgers franchise now reportedly includes News Corporation, the Rupert Murdoch-led media behemoth.

Doctors say John Edwards has life-threatening condition

3:12 PM 01/13/2012
Attorneys for Edwards were seeking a 60-day delay to allow time for Edwards to recover. The judge delayed the trial to March 26

Peru court sentences Van der Sloot to 28 years

12:33 PM 01/13/2012

LIMA, Peru (AP) -- A Peruvian court on Friday sentenced Joran van der Sloot to 28 years in prison for murder of a young woman he met at a Lima casino.

Ski champ Sarah Burke still in critical condition following torn artery

3:25 PM 01/12/2012

Canadian freestyle skier Sarah Burke was in critical condition Thursday after undergoing a successful operation to repair a torn vertebral artery that had caused bleeding to her brain.

Delta shares up on report of interest in AMR

2:21 PM 01/12/2012

FORT WORTH, Texas (AP) — Shares of Delta Air Lines rose after a report that it's interested in bidding for American Airlines parent AMR Corp.

Target plans Apple mini-stores

1:01 PM 01/12/2012

Target confirmed on Thursday that it planned to test Apple mini-stores at 25 of its retail locations this year.

Gingrich also profited from private equity firm

3:55 PM 01/11/2012

Although Former Speaker of the House Newt Gingrich has been in the news of late for attacking former Massachusetts Gov. Mitt Romney for his role at Bain Capital, it seems that Gingrich also had a paid role at a major private equity firm.