Business

The justices of the US Supreme Court on Tuesday has heard arguments regarding Aereo Inc's business model, of which broadcasters have claimed that it threatens their businesses' economic viability, The New York Times said.

Bloomberg reported that Airbnb is set to provide its arguments over the probe of the company's alternative housing service by New York Attorney General Eric Schneiderman for potential state law occupancy and housing violations.

Should the US Court of Appeals decides to overturn the convictions of Level Global Investors LP co-founder Anthony Chiasson and ex-Diamondback Capital Management LLC portfolio manager Todd Newman, Bloomberg said that the insider trading conviction of SAC Capital Advisors LP fund manager Michael Steinberg might be in danger of getting reversed as well.