<a href='Headlines for: May 27, 2011
Spirit Airlines Shares Fall in Nasdaq Debut 05/26/2011 4:50:47 PM ET EDITOR'S NOTE: This story has been updated throughout with analyst comments and closing share price. MIRAMAR, Fla. (Reuters)—Shares of discount carrier Spirit Airlines fell as much as 7.
Fredriksen: Lawsuit May Be U.S. Revenge For BP Spill 05/26/2011 3:55:21 PM ET OSLO (Reuters)—A shipping magnate said a U.S. government lawsuit against his trading companies might be a bid to take revenge for oil major BP's oil spill last year by targeting former BP traders who now work for him.
CFTC Faces High Hurdles in Oil Manipulation Case 05/26/2011 3:49:57 PM ET NEW YORK (Reuters)—Commodities regulators set a high bar for themselves in a blockbuster lawsuit accusing two traders and their firms of manipulating the crude oil markets. Because so many factors can affect the market for crude oil, proving that someone actually manipulated the market is considered extremely difficult.
404 Error: Microsoft Board Backs Ballmer Over Einhorn 05/26/2011 3:42:08 PM ET SEATTLE (Reuters)—Microsoft Corp.'s board stood behind Chief Executive Officer Steve Ballmer on Thursday [May 26], defending its longtime leader after influential hedge fund manager David Einhorn touched off a debate by calling for his dismissal.
NY Mets Stake May Go to Einhorn 05/26/2011 3:21:44 PM ET EDITOR'S NOTE: This story has been expanded and updated throughout. NEW YORK (Reuters)—Hedge fund manager David Einhorn is set to acquire a minority stake in the New York Mets, in a $200 million deal that could put him in a position to take control of the cash-strapped baseball team.
Fredriksen Calls U.S. Charges on Oil Prices "Rubbish": Report 05/26/2011 2:27:04 PM ET OSLO (Reuters)—Shipping magnate John Fredriksen said U.S. regulator lawsuits against two of his trading firms for suspected oil price manipulation in 2008 were "rubbish.
NY Appeals Court Rules Privilege in Topless Photos Case 05/26/2011 2:16:57 PM ET NEW YORK (Reuters)—A New York state appeals court on Tuesday [May 24] ruled that an attorney accused of using topless photographs as leverage in a sexual harassment charge was shielded by the attorney-client privilege. The ruling upheld a lower court judgment that a lawsuit by Ronald Green, of Epstein Becker & Green, could "only have been brought to harass" Thompson Wigdor & Gilly, the firm of the accused attorney, Thomas Wigdor.
Pardus Urges Clearwire to Reconsider Spectrum Sale 05/26/2011 2:09:18 PM ET NEW YORK (Reuters)—Activist investor Pardus Capital Management called on Clearwire Corp. to resume efforts to sell wireless airwaves in order to strengthen its hand in negotiations with majority owner Sprint Nextel.'>Headlines for: May 27, 2011
Spirit Airlines Shares Fall in Nasdaq Debut 05/26/2011 4:50:47 PM ET EDITOR'S NOTE: This story has been updated throughout with analyst comments and closing share price. MIRAMAR, Fla. (Reuters)—Shares of discount carrier Spirit Airlines fell as much as 7.
Fredriksen: Lawsuit May Be U.S. Revenge For BP Spill 05/26/2011 3:55:21 PM ET OSLO (Reuters)—A shipping magnate said a U.S. government lawsuit against his trading companies might be a bid to take revenge for oil major BP's oil spill last year by targeting former BP traders who now work for him.
CFTC Faces High Hurdles in Oil Manipulation Case 05/26/2011 3:49:57 PM ET NEW YORK (Reuters)—Commodities regulators set a high bar for themselves in a blockbuster lawsuit accusing two traders and their firms of manipulating the crude oil markets. Because so many factors can affect the market for crude oil, proving that someone actually manipulated the market is considered extremely difficult.
404 Error: Microsoft Board Backs Ballmer Over Einhorn 05/26/2011 3:42:08 PM ET SEATTLE (Reuters)—Microsoft Corp.'s board stood behind Chief Executive Officer Steve Ballmer on Thursday [May 26], defending its longtime leader after influential hedge fund manager David Einhorn touched off a debate by calling for his dismissal.
NY Mets Stake May Go to Einhorn 05/26/2011 3:21:44 PM ET EDITOR'S NOTE: This story has been expanded and updated throughout. NEW YORK (Reuters)—Hedge fund manager David Einhorn is set to acquire a minority stake in the New York Mets, in a $200 million deal that could put him in a position to take control of the cash-strapped baseball team.
Fredriksen Calls U.S. Charges on Oil Prices "Rubbish": Report 05/26/2011 2:27:04 PM ET OSLO (Reuters)—Shipping magnate John Fredriksen said U.S. regulator lawsuits against two of his trading firms for suspected oil price manipulation in 2008 were "rubbish.
NY Appeals Court Rules Privilege in Topless Photos Case 05/26/2011 2:16:57 PM ET NEW YORK (Reuters)—A New York state appeals court on Tuesday [May 24] ruled that an attorney accused of using topless photographs as leverage in a sexual harassment charge was shielded by the attorney-client privilege. The ruling upheld a lower court judgment that a lawsuit by Ronald Green, of Epstein Becker & Green, could "only have been brought to harass" Thompson Wigdor & Gilly, the firm of the accused attorney, Thomas Wigdor.
Pardus Urges Clearwire to Reconsider Spectrum Sale 05/26/2011 2:09:18 PM ET NEW YORK (Reuters)—Activist investor Pardus Capital Management called on Clearwire Corp. to resume efforts to sell wireless airwaves in order to strengthen its hand in negotiations with majority owner Sprint Nextel.</a>
