GO
Loading...

Connecticut

More

  • In total, SAC Capital has agreed to pay $1.8 billion to resolve criminal and civil probes into insider trading. SAC Capital also agreed to be placed on probation for five years, and employ a compliance consultant, former federal prosecutor Bart Schwartz. The sentencing marks the end of an era for SAC Capital, which by last year had managed $15 billion of assets.

  • Authorities balk at financier's effort to be freed Thursday, 10 Apr 2014 | 1:10 PM ET

    NEW HAVEN, Conn.— Federal prosecutors are objecting to a request by a Venezuelan financier to be released from prison while he awaits sentencing in July in a Connecticut- based fraud scheme, saying he's a flight risk.

  • To resolve criminal and civil probes into insider trading, SAC Capital has agreed to pay more than $1.8 billion in total. SAC Capital also agreed to be placed on probation for five years, and employ a compliance consultant, former federal prosecutor Bart Schwartz.

  • *Libya oil guards take control of Hariga port, Zueitina pending. NEW YORK, April 10- Global crude oil prices slipped on Thursday on both sides of the Atlantic, pressured by weaker economic data from China as well as the prospect of a rebound in oil exports from Libya.

  • The sentencing marks the end of an era for SAC Capital, a hedge fund that last year managed $15 billion but found itself in federal investigators' cross-hairs. An indictment unveiled in July alleged systemic insider trading took place at SAC Capital involving the stocks of more than 20 publicly-traded companies from 1999 through 2010..

  • WASHINGTON, April 10- U.S. lawmakers investigating General Motors' slow recall of 2.6 million cars are zeroing in on engineers and others who may have been aware of problems with ignition switches linked to at least 13 deaths.

  • GE plans to put 1,400 jobs in Cincinnati area Thursday, 10 Apr 2014 | 9:08 AM ET

    CINCINNATI— The General Electric Co. plans to build a new U.S. global operations center in the Cincinnati area, bringing an expected 1,400 jobs to southwest Ohio. The Cincinnati area center will be one of five such centers around the world that will combine functions such as finance and information technology in the same place, GE said.

  • US judge sentences SAC Capital in $1.8B fraud deal Thursday, 10 Apr 2014 | 3:03 AM ET

    NEW YORK— The once high-flying hedge fund SAC Capital was sentenced on criminal fraud charges Thursday under a $1.8 billion deal that prosecutors say included the largest criminal fine ever imposed in an insider trading case.

  • NEW YORK, April 9- U.S. stocks rallied on Wednesday after minutes from the Federal Reserve's latest policy meeting showed a more supportive central bank than investors had previously expected.

  • *Traders now see first Fed rate hike in July 2015. WASHINGTON/ SAN FRANCISCO, April 9- Federal Reserve officials fretted last month that investors would overreact to fresh forecasts that appeared to map out a more aggressive cycle of interest rate increases than policymakers actually anticipated.

  • *Alcoa's results help boost sentiment, shares rise 3.8 percent. Stocks on Wall Street jumped, with the Nasdaq rising more than 1 percent, and prices for U.S. government debt fell.

  • US STOCKS-Wall St extends gains following Fed minutes Wednesday, 9 Apr 2014 | 2:37 PM ET

    Facebook shares jumped 5.6 percent to $61.45. "People are taking solace in the idea that the Fed may be more accommodative than previously thought, for longer than previously thought," said Steve Sosnick, equity-risk manager at Timber Hill/Interactive Brokers Group in Greenwich, Connecticut.

  • NEW YORK, April 9- U.S. stocks jumped on Wednesday, with the three major indexes hitting session highs after the minutes from the Federal Reserve's latest policy meeting showed a more supportive central bank than previously expected.

  • BOSTON/ NEW YORK, April 8- Iowa and North Carolina said they are looking into a breach involving a subsidiary of Experian Plc that exposed some 200 million social security numbers, in addition to two states that previously announced investigations.

  • *U.S. says Moscow behind separatists in eastern Ukraine. NEW YORK, April 8- Global oil prices surged on Tuesday as a weaker U.S. dollar boosted buying, while expectations for bullish inventory reports in the U.S. and fresh unrest in eastern Ukraine lent support. "Unless we see additional movements inside of Ukraine, then these gains here will be short lived."

  • *U.S. says Moscow behind separatists in eastern Ukraine. NEW YORK, April 8- U.S. crude oil rose on Tuesday ahead of weekly inventory reports that were expected to show gasoline stocks fell, while Brent gained as fresh unrest in eastern Ukraine heightened tensions between Russia and the West again.

  • *U.S. crude dips below $100 after stocks extend falls. NEW YORK, April 7- U.S. oil futures dipped below $100 on Monday, falling more than a dollar a barrel after stock markets tumbled, with Brent crude oil prices losing even more on the prospect of additional supplies from Libya.

  • NEW YORK, April 7- Wall Street stocks sank on Monday, joining a broad retreat in global equities markets from a six-year high touched last week, while U.S. The dollar fell against major currencies as comments from European Central Bank policymakers curbed expectations for more stimulus and boosted the euro against the greenback.

  • *Ukraine says Russia playing out "Crimean scenario" in east. NEW YORK, April 7 (Reuters)- Brent crude oil dropped by $1 on Monday, snapping a two-day rise and taking U.S. crude with it after Libyan rebels occupying four eastern oil ports agreed to end an eight-month blockade, raising the prospect of increased supply to world markets.

  • NEW YORK, April 7- The dollar fell against major currencies on Monday after last week's slightly lower-than-expected U.S. payrolls data, while European Central Bank policymakers' comments curbed expectations for more stimulus and boosted the euro. U.S. employers added 192,000 jobs in March after adding 197,000 in February, the Labor Department said Friday.

Most Popular Video

Wednesday, 23 Apr 2014 | 12:32 AM ET

Eddie Tam, CIO at Central Asset Investments, says China will see a slowdown for a long time as a trade-off for avoiding a hard landing in its economy.

Tuesday, 22 Apr 2014 | 10:48 PM ET

Todd Elmer, Currency Strategist at Citi, discusses whether the currency's sharp drop following weaker-than-expected quarterly inflation data was justified.

Tuesday, 22 Apr 2014 | 10:30 PM ET

Adaire Fox-Martin, COO, Asia Pacific Japan at SAP, elaborates on the firm's "stunning results" in Southeast Asia, India and the sector of cloud computing in the first-quarter.