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Latest Business News

Family Ties May Figure in Timely Trading

Wednesday, May 09, 2007 9:07:41 AM
By SYLVIA HUI

HONG KONG (AP) - A recent newspaper profile of Michael Leung said that when the Hong Kong businessman got excited about a stock, he would call a family meeting with his mother, children, son-in-law and girlfriend and urge everybody to buy big together.

The story might come back to haunt Leung and his family now that his daughter and son-in-law are accused in the United States of "highly suspicious" trading that could be based on inside information.

The couple bought $15 million of Dow Jones & Co. shares in the weeks before News Corp. announced it was seeking to buy the media company for $5 billion.


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