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The Securities and Exchange Commission on Monday charged a former finance manager at Amazon with insider trading, alleging she used confidential information at the company to enrich her family. Laksha Bohra was previously employed at Amazon’s tax department, where she worked on the company’s quarterly and annual earnings reports.
Daily Telegraph (Australia) 09/28/2020 20:04
There were hopes for a new deal on fiscal stimulus and several corporate deals being struck. Devon Energy (+11.3%) said it would buy peer WPX Energy (+16.4%) for US$2.56 billion. Caesars Entertainment (+2%) disclosed a cash offer to buy London-based William Hill for £2.9 billion. Shares of Uber rose 3.2% after it was given the green light to resume operations in London. American Airlines shares rose 3.8% after securing a US$5.5 billion government loan. Apple (+2.4%), Amazon (+2.6%) and Microsoft (+0.8%) shares all rose. And the S&P 500 financials index lifted 2.3% with shares of JPMorgan (+2.9%) and Morgan Stanley (+2.9%) both up. The Dow Jones index rose by 410 points or 1.5%. The S&P500 index was 1.6% higher and the Nasdaq index jumped by.
Sunday Mail (Australia) 09/28/2020 20:02
There were hopes for a new deal on fiscal stimulus and several corporate deals being struck. Devon Energy (+11.3%) said it would buy peer WPX Energy (+16.4%) for US$2.56 billion. Caesars Entertainment (+2%) disclosed a cash offer to buy London-based William Hill for £2.9 billion. Shares of Uber rose 3.2% after it was given the green light to resume operations in London. American Airlines shares rose 3.8% after securing a US$5.5 billion government loan. Apple (+2.4%), Amazon (+2.6%) and Microsoft (+0.8%) shares all rose. And the S&P 500 financials index lifted 2.3% with shares of JPMorgan (+2.9%) and Morgan Stanley (+2.9%) both up. The Dow Jones index rose by 410 points or 1.5%. The S&P500 index was 1.6% higher and the Nasdaq index jumped by.
Datafloq 09/28/2020 20:00
By Katanga Johnson and Michelle Price. WASHINGTON (Reuters) - The Securities and Exchange Commission on Monday charged a former finance manager at Amazon.com, Inc. and two of her family members with insider trading in advance of the company's earnings announcements between January 2016 and July 2018. The SEC alleged that Laksha Bohra, who worked as a senior manager in Amazon's tax department, acquired and tipped her husband Viky Bohra with highly confidential information about Amazon's financial performance. The complaint alleges that Viky Bohra and his father, Gotham Bohra, then traded on this confidential information, reaping illicit profits of approximately $1.4 million. The SEC's complaint, filed in federal court in Seattle, charges all

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