Dish FCC OK
A proposal to allow Dish Network to offer mobile-phone service has enough votes to win approval at the Federal Communications Commission, Bloomberg reported.
Raj fine
Rajat Gupta, the former Goldman Sachs director found guilty at an insider-trading trial, should be required to pay the maximum civil penalty, the Securities and Exchange Commission said in a court filing. Gupta previously objected to the SEC’s request that he be ordered to pay a $15 million fine.
Fund guy fine
Steven B. Hart, a New York-based portfolio manager, will pay $1.3M to settle SEC claims he conducted illegal trading schemes to benefit his Octagon Capital Partners.
HSBC hit hard
HSBC Holdings has agreed to pay $1.92 billion to settle US probes of money laundering in the largest such accord ever.
Avon cuts
Avon Products said it will cut about 1,500 jobs globally as part of a turnaround plan the company announced in November.