Reuters - A federal judge ordered Raj Rajaratnam, the Galleon Group hedge fund founder sentenced to 11 years in prison for insider trading, to pay a record $92.8 million penalty in a related U.S. Securities and Exchange Commission civil case.
November 11th, 2011 | Posted in Market News, topstories | Comments Off
Reuters - Stocks tumbled 3 percent on Wednesday in the market's worst day since mid-August as a spike in Italian bond yields signaled the European debt crisis had worsened.
November 9th, 2011 | Posted in Market News, topstories | Comments Off
Reuters - Deutsche Boerse AG sought to convince EU regulators to judge its bid for NYSE Euronext by assessing over-the-counter derivatives trading and not only its impact on the smaller exchange-listed market, in its bid to win clearance for the deal.
October 27th, 2011 | Posted in Market News, topstories | Comments Off
Reuters - Greece's admission that it will miss its deficit targets this year and next despite harsh new austerity measures sent stock markets reeling on Monday and raised new doubts over a planned second international bailout.
October 3rd, 2011 | Posted in Market News, topstories | Comments Off
Reuters - Securities and Exchange Commission staff found "apparent failures" at each of the 10 credit rating agencies they examined, including Standard & Poor's, Moody's, and Fitch, the agency said on Friday in its first annual report on credit raters.
September 30th, 2011 | Posted in Market News, topstories | Comments Off