Showing posts with the label .2013.

DealBook Today's Top Headlines February 28, .2013.: DealBook: Heinz Inquiry Scrutinizes a Side Bet in London | Dewey Is Officially Dissolved | Europe Moves to Limit Bonuses | Ackman's Retail Woes

Image Home | Business Day | Video Thursday, February 28, 2013 TODAY'S TOP HEADLINES   BY WILLIAM ALDEN HEINZ INQUIRY SCRUTINIZES A SIDE BET IN LONDON Regulators looking into suspicious trading ahead of the $23 billion takeover of H.J. Heinz are focusing on a complex derivative bet routed through London, DealBook's Ben Protess and Susanne Craig report . The Securities and Exchange Commission is examining a product known as a contract-for-difference, which allows investors to bet on changes in stock prices without owning the shares, two people briefed on the matter said. The development comes after the Federal Bureau of Investigation said it opened a criminal inquiry. The expanding investigation "illustrates the growing challenges facing American regulators," Mr. Protess and Ms. Craig write. "Charged with policing the American exchanges, authorities increasingly find themselves having to hunt