The Securities and Exchange Commission is getting closer to taking enforcement against SAC Capital related to the largest insider trading case ever. SAC Capital, a $14 billion hedge fund run by billionaire Steven A. Cohen, received a Wells notice from the SEC late last week, according to a source familiar with the situation. The SEC issues Wells notices to warn firms that they are likely to bring an action against them.
Toys R Us may have bitten off more than it can chew. Since the beginning of the holiday shopping season, the toy store has unveiled one incentive after another this year, from price matching to layaways to earlier openings than ever on Thanksgiving, to lure in customers. But it seems the retailer may have pushed a little too hard, and has found it hard to keep up with demand. The retailer's Facebook page is teeming with dozens of customer service complaints after the Black Friday shopping weekend. Many shoppers claimed that they had placed orders to take advantage of some of Toys R Us' hottest deals, only to find out later that they were canceled because there weren't enough items in stock.
If Black Friday lines and stories of violence, vehicular assault and child abandonment taught us anything, it's that the holiday shopping season is a dark, competitive time. Now search engines are getting into the cutthroat holiday spirit. In a new attack on Google, Microsoft's Bing search engine accuses its rival's Google Shopping tool of being dishonest by only including paying vendors, ranking listings by how much they pay, and not clearly marking the results as sponsored.
Frustrated that you can't share files the size of your entire music collection via e-mail? Google wants to help. Gmail users can now send files of up to 10 GB using Google Drive, the Web giant's cloud-storage service. That's 400 times bigger than files that can be shared in a regular e-mail, according to a blog post by Google's Gmail team.
When architect James Law looks in the mirror each morning his reflection is not all that greets him -- he can also see the morning weather report, e-mail messages and his heart rate. "The biggest game changer of the past 25 years has been the Internet," said Law, whose Cybertecture Mirror is an offshoot of his Hong Kong architectural firm's focus on integrating technology in design. "In buildings, the Internet has become ubiquitous but it hasn't caught up in the products that inhabit buildings -- chairs, doors, tables and mirrors." Law's company -- and a raft of new government-funded projects in mainland China -- is looking to change that.
FEATURES AND COMMENTARY
For the past six years, CNN has been honoring everyday people who are changing the world. The tradition continues Sunday night, when the top 10 CNN Heroes of 2012 will be recognized at the Shrine Auditorium in Los Angeles.
It's ladies ... er, day, on the Billboard charts, as both Rihanna and Adele have cause to celebrate. For Rihanna, the seventh record was the charm and the 24-year-old singer now has her first No. 1 album on the Billboard 200 with "Unapologetic." The album debuted at the top of the chart after its release last week. And while we haven't heard from Adele since her "Skyfall" theme - granted, she's been busy with the birth of her first child -- the Brit singer is still dominating album sales. Her sophomore album "21" was the top seller in 2011 and is on track to come out as the best-selling album of 2012, as well.
The television icon best known for her work on "The Mary Tyler Moore Show," "Golden Girls" and most recently "Hot in Cleveland" has put herself up for auction. Yes, that's right - you can win a date with Betty White. The Society for the Prevention of Cruelty to Animals announced on its website Wednesday that fans can bid to go on a date with the 90-year-old actress, and all proceeds from the date auction will benefit the Los Angeles chapter of the SPCA.
Lenny Kravitz isn't playing around with his acting career. The 48-year-old rocker has signed on to portray soul/R&B legend Marvin Gaye in an upcoming biopic, his rep has confirmed to CNN.
We're sure AJ McLean is tuning up to sing a few lullabies, now that he's welcomed his a baby girl with wife Rochelle Deanna McLean.
The nominations are pouring in for David O. Russell's critically praised "Silver Linings Playbook." The new release, which stars Bradley Cooper as an unstable man who moves back in with his parents after a stint in a mental hospital and Jennifer Lawrence as his equally unstable friend, has picked up five Film Independent Spirit Award nominations, including best feature.
The Palestinian move at the U.N. won't solve anything.