The US investigation into insider trading and hedge funds has been going on for so long that it is easy to overlook its significance. But the insider trading complaint against Rajat Gupta, former managing director of McKinsey & Co, is extraordinary.
Mr Gupta is by far most senior figure to be caught up in the insider trading investigation involving Raj Rajaratnam and the Galleon Fund. The SEC has accused Mr Gupta of leaking information that he gained as a board director of Goldman Sachs and Procter & Gamble. Read more
Iran’s threat to withdraw from the 2012 London Olympics must be the first time anybody has tried to boycott any event because of a logo.
Iran’s claim that the collection of irregular polygons conceals the word “Zion” is only the latest, albeit the highest-level, objection to the design. It triggered controversy (of the “what the heck is it?” rather than the Iranian “it offends our moral principles” variety) as soon as it was launched in 2007. The BBC asked for suggestions and received 600 alternative logos and 10,000 comments. Read more