S.E.C. Is Reported to Be Examining a Big Hedge Fund One of the nation's most prominent hedge funds, Pequot Capital Management, is said to be under investigation for possible insider trading, according to officials.
Lord & Taylor Is Sold but Will Stay Put The new owners of Lord & Taylor said that the Fifth Avenue store would remain a store and much of the entire chain would be left in place.
Merck Loses Protection for Patent on Zocor Merck's cholesterol-lowering drug Zocor is losing its U.S. patent protection, becoming the largest-selling drug yet to be opened to cheap generic competition.
The Not So Good Earth Thousands of acres of land in northern China are sinking because of the ravages of underground coal mining.
House Votes to Sharply Curtail Estate Tax The House voted on Thursday to permanently abolish the estate tax on inherited wealth for all but a sliver of the nation's wealthiest families.
