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Ex-SAC trader Martoma seeks to toss insider trading conviction

NEW YORK, Feb 28 - Former SAC Capital Advisors LP portfolio manager Mathew Martoma asked a U.S. judge to throw out his insider trading conviction, saying federal prosecutors did not prove he committed a crime and that improper evidence and jury bias tainted the verdict.

UPDATE 2-INSIGHT-Mt Gox: The brief reign of bitcoin's top exchange

Feb 28 - The collapse of Mt. Gox might appear sudden, but bitcoin insiders say its downfall began nearly a year ago as the virtual currency exchange tangled with regulators, split from former business partners and grappled with cyber attacks.

UPDATE 1-Economists warn of more market 'tantrums' as U.S. Fed tightens

NEW YORK, Feb 28 - Financial market turbulence will likely return when the Federal Reserve decides to hike interest rates, top U.S. economists said in a paper that warns of the potential consequences of the Fed's extraordinary stimulus program.

UPDATE 1-Riverbed rejects Elliott's raised takeover offer

Feb 28 - Network gear maker Riverbed Technology Inc rejected Elliott Management's raised bid of $3.36 billion, saying the hedge fund's offer undervalued the company.

Investor Ackman to detail Herbalife's China business on call

BOSTON, Feb 28 - Billionaire investor William Ackman, who has long claimed Herbalife Ltd is a fraud, on Friday said he would provide proof next month that the nutrition and weight-loss company is running a pyramid scheme in China.

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Personal Finance

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Four things divorced parents need to know about college

- Figuring out how to split childcare costs when you're divorcing is not easy, but it can be like remedial math compared to deciding who pays what for your children's college education.

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Funds News

Economists warn of more market 'tantrums' as U.S. Fed tightens

NEW YORK, Feb 28 - The market turbulence of last year's "taper tantrum" is likely to return when the Federal Reserve decides to raise interest rates, some top U.S. economists concluded in a research paper that warns that more policy stimulus today can spark bigger disruptions in the future.

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