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Jury Convicts Executive in $3B Mortgage Fraud Case

ALEXANDRIA, Va. -- A jury on Tuesday convicted the majority owner of what had been one of the nation's largest mortgage companies on all 14 counts in a $3 billion fraud trial that officials have said is one of the most significant prosecutions to arise from the nation's financial crisis. Prosecutors said Lee Farkas led a...

Japan Shares Surge as Central Bank Pumps Further $43B Into Market

TOKYO -- Japanese shares rebounded sharply Wednesday, recovering some of the massive losses sustained the last two days following a devastating earthquake and tsunami. The Nikkei rose 547.86 points, or 6.4 percent, to 9,153.01. The index closed at its lowest level in almost two years Tuesday after shedding more than 1,600...

SEC: Insider Trading Ring Reached Into Goldman's Boardroom

The Securities and Exchange Commission today accused a former board member of Goldman Sachs and Procter & Gamble of illegally providing tips to his friend and partner, hedge fund manager Raj Rajaratnam, as part of a skein of insider trading schemes that generated more than $18 million in illicit profits. Rajat K. Gupta,...

Ex-Goldman Sachs Director Charged With Insider Trading

WASHINGTON -- Federal regulators have charged a former Goldman Sachs board member with insider trading, saying he provided confidential information to the central figure in a major hedge fund probe. The Securities and Exchange Commission announced the civil charges against Rajat Gupta on Tuesday. The agency said Gupta...

WikiLeaks: Gadhafi Stashed $32 Billion in Cash in Foreign Accounts

Libyan leader Moammar Gadhafi has signed dozens of multibillion-dollar deals over the past decade with foreign firms eager to exploit his country's vast oil and natural gas reserves. So where has all that money gone? Not to ordinary Libyans, around one-third of whom are thought to live in poverty. Instead, Gadhafi and his...

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02/10/12 Barclays cuts 2011 bonus pool Source: Irish Examiner Banking giant Barclays slashed the bonus pool for its investment banking arm by 32% in 2011 to Â£1.5bn (â¬1.78bn0)amid mounting pressure over the controversial payouts.
02/10/12 NYSE Euronext profit down on blocked merger costs Source: AOL Money & Finance PARIS -NYSE Euronext on Friday said costs related to its collapsed merger with German stock market Deutsche Boerse caused a slump in fourth quarter earnings.
02/10/12 World stocks slip as Greek bailout hangs in limbo Source: Daily Sparks Tribune - Sparks NV World stock markets dropped Friday after Europe's finance ministers demanded more spending cuts from Greece before clearing a euro130 billion ($170 billion) bailout to stave off the country's bankruptcy.
02/10/12 Why Bank of America is the new Citigroup Source: The Seattle Times - Seattle WA On a normal day, 4 billion shares of stock change hands on the New York Stock Exchange.
02/10/12 FTSE lower as Greece fears linger Source: Shropshire Star - Telford - Shropshire - UK Shares in Barclays have recovered from a rocky start despite missing expectations with a 3% drop in pre-tax profits to Â£5.9 billion.