The Securities and Exchange Commission has voted against the sale of the Chicago Stock Exchange, which trades about 1% of US stocks each day, to a Chinese-led consortium. SEC staffers had recommended approval.
Collateralized loan obligation funds won a significant legal battle when judges declared them exempt from a Dodd-Frank Act requirement that fund managers retain some of the risk. The case could give the White House momentum in revising Dodd-Frank.
IBM is suing former Chief Diversity Officer Lindsay-Rae McIntyre for allegedly violating a noncompete agreement by taking the same job at Microsoft. IBM argues McIntyre is taking "trade secrets" to Microsoft, saying she has vast knowledge of IBM's diversity and inclusion practices.
A 49-year-old skier disappeared last week from a New York mountainside, only to turn up six days later in California. Constantinos "Danny" Filippidis, found in Sacramento still wearing ski gear, says he has no recollection of what happened during those six days.