A former Moody’s analyst has been ordered to pay $34.6 million for his role in an insider trading scheme, the Securities and Exchange Commission said Wednesday. Deep Shah was charged in 2009 with participating in a scheme that included Galleon Management and its founder, hedge fund billionaire Raj Rajaratnam. Shah allegedly provided confidential information about corporate acquisitions, including Blackstone Group’s 2007 purchase of Hilton Hotels. Shah is believed to be in India and has not responded to the SEC’s civil complaint, the agency said. A federal judge issued a default judgment against him Tuesday. The $34.6 million includes a penalty of $24.6 million and $8.2 million to cover his ill-gotten gains along with those of others who profited from his tips, the SEC said. Read full article > >

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Fugitive analyst told to pay $34.6 million

ORLANDO, Fla. — Private equity firm Blackstone Group LP has agreed to sell its 50 percent stake in Universal Orlando to Comcast-controlled NBCUniversal for $1.03 billion. The deal announced by the companies on Monday gives Comcast Corp. full ownership of the theme park. The transaction is expected to close on July 1. Read full article > >

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NBCUniversal agrees to buy Blackstone’s stake in Universal Orlando for $1.03 billion