The Post reported this morning that billionaire hedge funder Steven Cohen is the frontrunner to buy the Mets; it seems like the team leaked the info out purposefully to gauge reaction to his status as the "preferred bidder." But seeing as how this is the Mets, you know nothing can go right...because the Wall Street Journal reports that Cohen is also being investigated by federal prosecutors for possible insider trading. The Mets truly are the Rodney Dangerfields of professional sports. more ›

The Wall Street Journal reports, "Money managers SAC Capital Advisors, Janus Capital Group Inc. and Wellington Management Co. have received inquiries in the ongoing insider-trading investigation on Wall Street." Yesterday, the FBI raided three hedge funds—two of which are run by former SAC managers—as part of the government's insider trading crackdown. A securities law professor at Columbia told Bloomberg News, "[The feds] appear to have an interest in some of the traders who used to work at SAC Capital. Those traders that the government seems to be pursuing have to make a quick decision about whether they’re going to cooperate or whether they’re going to fight. They will get greater leniency if they give the government bigger fish." more ›

East Village Radio hasn't been around forever, but it sure seems like it has. The station runs out of a storefront on 1st Avenue, a quirky characteristic that intrigues those who walk for the first time, and this year they're celebrating their fifth year on the air. To do so, they're taking the music to the Seaport tomorrow for a full day of live performances and much more. More details are here, but expect Lil' Frankie's pizza (the owner is also the owner of the station), two stages of music and much more. Steve Cohen, station manager, told us a little bit about EVR and what to expect at the festival. more ›