Business news briefs

Hedge fund charged with insider trading One of Wall Street’s biggest and most successful hedge fund companies faces insider trading charges and claims its embattled billionaire owner ignored the problems. Prosecutors said SAC Capital Advisors earned hundreds of millions of dollars illegally and that Steven A. Cohen, referenced only as the “SAC owner,” enabled the practices. U.S. jobless claims rose but trend still improving The number of Americans applying for unemployment benefits rose by...

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