A jury US District Court for the Eastern District of New York found former Bear Stearns hedge fund managers Ralph Cioffi and Matthew Tannin not guilty of federal securities-related charges Tuesday. While Cioffi alone was charged with insider trading, both men were charged with three counts of securities fraud and two counts of wire fraud [...]

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The Cambodian government on Tuesday refused Thailand's request to extradite former Thai prime minister Thaksin Shinawatra , escalating a political row that threatens to destabilize the efforts of the Association of Southeast Asian Nations (ASEAN) . Shinawatra arrived in Cambodia earlier this week and was appointed an economic advisor to Cambodian Prime Minister Hun Sen, [...]

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A French court on Tuesday ordered the country's government to extend adoption rights to a gay woman. The court held that French adoption law , which currently allows single people to adopt children but bars same-sex partners from doing so, illegally discriminates against homosexuals. In 1998, a woman identified only as Emmanuelle B. attempted to [...]

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US Senate Banking Committee chair Chris Dodd (D-CT) introduced Tuesday wide-ranging financial regulatory legislation designed to limit systemic risk to the country's economy. If passed, the bill would introduce a single federal bank regulator, create a consumer financial protection agency, and attempt to close certain regulatory loopholes. Dodd announced the bill, saying that it was [...]

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