Topic: Elan Corporation plc
Stocks paused on Wall Street Monday as investors assessed whether stock valuations were overstating the recent improvement in the economy. Stocks have surged this year, boosted by an improving economy, Federal Reserve stimulus and record corporate earnings.
Two affiliates of SAC Capital Advisors, charged with trading on confidential details about a drug trial, agree to settle insider trading case. Regulators call it the largest insider trading settlement ever.