Some of the bull market’s biggest shams are coming undone.
James Velissaris, founder and former chief investment officer of Infinity Q Capital Management, pleaded guilty to securities fraud in November.
Mr. Velissaris made up valuations of a vast portfolio of derivatives, prosecutors at the Manhat
Farallon has nominated three directors to the board of Exelixis, which develops cancer-fighting drugs.
Beijing is holding back its required green light for mergers that involve American companies as a technology war with Washington intensifies.
All those tech layoffs are starting to show up in employment statistics, but they still show little sign of spreading to other sectors.
