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Snapple co-founder dies at 85
WASHINGTON, Jan. 4 (UPI) -- The U.S. Securities and Exchange Commission won't file insider trading charges against former Berkshire Hathaway executive David L. Sokol, his lawyer said.
Sokol abruptly resigned as chairman of MidAmerican Energy Holdings, a part of Warren Buffett's Berkshire Hathaway conglomerate, and came under SEC scrutiny in 2011 after he bought shares in lubricant maker Lubrizol two months before Berkshire announced a $9 billion acquisition of the company.
After the deal was announced the value of Sokol's investment rose $3 million, The Wall Street Journal reported Friday.
Sokol's lawyer, Barry Wm. Levine, said the SEC informed his client it had completed it inquiry and decided not to pursue a civil enforcement action.
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ALGIERS, Algeria, May 24 (UPI) --
Algeria's government is under pressure to ease its foreign energy investment laws after BP warned it may delay important projects in the North African state.
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ARLINGTON, Va., May 24 (UPI) --
BAE Systems has received a two-year contract extension from the U.S. Army Space and Missile Defense Command to support its Future Warfare Center.
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Properties repossessed by lenders in the first quarter took an average of 477 days to complete the foreclosure process, up from 414 days in the previous...
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Nobody likes spending cuts but the champion of that attitude is clearly President Barack Obama, who seems to have a very clear pain-avoidance agenda.
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