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| Jefferies CEO, chairman take drug tests | | Saturday, November 01, 2014 12:22 AM | |
| | (Reuters) - Jefferies Group LLC said on Friday Chief Executive Rich Handler, Chairman Brian Friedman and executives at its healthcare division were tested negative for drug usage, after one of its investment banking head was accused of drug abuse. Sources told Reuters on Thursday that Sage Kelly, the head of Jefferies' healthcare investment banking group, is taking a leave of absence from the firm as he wages a bitter divorce battle with his estranged wife. |
| Samsung says Microsoft deal invites 'charges of collusion' - filing | |  Samsung said its collaboration with Microsoft on Windows phones raised antitrust problems once Microsoft completed its acquisition of Nokia's handset business, according to a court filing. The filing late on Thursday stems from Microsoft Corp's lawsuit accusing Samsung Electronics Co Ltd of breaching a business collaboration agreement. The lawsuit, filed earlier this year in a New York federal court, says South Korean smartphone company Samsung still owes $6.9 million in interest on more than $1 billion in patent royalties it delayed paying. Samsung, meanwhile, said the April Nokia acquisition violated its 2011 deal with Microsoft.
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| Pirate Bay co-founder sentenced to 42 months in jail in Denmark | |  A co-founder of the Swedish file-sharing website The Pirate Bay was sentenced on Friday to three and a half years in prison, in what the prosecutor called Denmark's biggest-ever hacking case. Gottfrid Warg, 30, also known under his hacker alias "Anakata", was found guilty of hacking into the mainframe of IT provider CSC in Denmark, accessing the Danish Civil Registration System and local police's criminal register in 2012. Warg's accomplice, a 21-year-old Dane who successfully applied for his name not to be made public, was sentenced to six months in prison for complicity in a hacking attempt made by Warg in February 2012 but walked free from the court as he had already served 17 months in pre-trial detention. The Pirate Bay, launched in 2003, provided links to music and movie files stored on other users' computers.
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| SEBI piles pressure on Sahara to sell overseas hotels | |  By Suchitra Mohanty and Himank Sharma MUMBAI (Reuters) - The Securities and Exchange Board of India (SEBI) has accused Sahara of deliberately failing to sell its marquee overseas hotels in New York and London, seen as crucial to it complying with an order to repay investors and secure the release of jailed head Subrata Roy. The Supreme Court has asked Sahara to pay 100 billion rupees ($1.6 billion) initially to secure bail for Roy, a flamboyant businessman who has often been photographed with senior politicians, professional cricketers and Bollywood movie stars. The SEBI says that the total amount Sahara owes to investors is about 470 billion rupees and has petitioned the country's top court to order the company to reveal details of offers it received for the sale or mortgage of its hotels, according to court documents seen by Reuters. Roy was sent back to a regular jail cell this month after spending two months in a makeshift prison office fitted with computers and phones to enable him to conduct negotiations with prospective buyers for Sahara's three hotels, including the Plaza in New York and Grosvenor House in London.
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| Somali pirates free Indian sailors after four years in captivity | | | Somali pirates have freed seven Indian sailors detained for close to four years in exchange for an undisclosed ransom, Somali officials and a maritime monitoring group said on Friday. At one time the pirates made millions of dollars in ransoms from seizing ships sailing the Horn of Africa nation's waters, but increased patrols by international navies on the Indian Ocean have reduced incidences of piracy. Their captors said at the time that they would only release the seven sailors when their fellow Somali pirates held by Indian authorities were freed. Kenyan-based Ecoterra International, which monitors maritime activity on the Indian Ocean, confirmed the sailors' release. |
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