Correction: Rajaratnam told to pay $92.8 million in SEC case (Reuters)

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.

Wall Street plunges as European debt plight worsens (Reuters)

Traders work on the floor of the New York Stock Exchange November 7, 2011. REUTERS/Brendan McDermidReuters - 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.


D.Boerse urges EU regulators to take wider futures view (Reuters)

The DAX board and trading floor are pictured at the Frankfurt stock exchange April 4, 2011. REUTERS/Alex DomanskiReuters - 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.


Greek gloom rocks markets, troubles lenders (Reuters)

The DAX Index board is pictured at Frankfurt's stock exchange August 5, 2011. World stocks sank for an eighth straight session on Friday, wiping $2.5 trillion off their value on the week, as concern ballooned over the slowing global economy and the spread of debt anguish into Italy and Spain. Picture was taken with a fisheye. REUTERS/Ralph OrlowskiReuters - 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.


SEC finds failures at credit raters (Reuters)

The U.S. Securities and Exchange Commission logo adorns an office door at the SEC headquarters in Washington, June 24, 2011. REUTERS/Jonathan ErnstReuters - 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.




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