Raj Rajaratnam, Founder of Galleon Hedge Fund Arrested

FBI have announced that they have filed charges against several people, including billionaire founder Raj Rajaratnam,  associated with $3 Billion Galleon Hedge Fund and ex-Directors of a Bear Stearns Company hedge fund. Galleon Hedge Fund is a major hedge fund famous for its investment in tech stocks.

EU slaps record $1.45-billion fine on Intel

BRUSSELS - The European Commission Wednesday levied a record 1.06-billion-euro ($1.45-billion) fine on US computer chipmaker Intel for bribing retailers and manufacturers to shut its main rival out of European markets.

America’s loss is India and China’s gain: US study

WASHINGTON - Loss of tens of thousands of skilled immigrants to countries like India and China ‘is an economic catastrophe that will hurt US competitiveness for decades to come’, says Vivek Wadhwa, lead author of a new study done at leading American universities.

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