Business – 20 july 2013

SEC: Cohen failed to prevent insider trading

Written by Kevin McCoy, Published on USA Today

Steven Cohen, the billionaire manager of one of the largest and most successful hedge funds, was hit with a civil action by federal regulators Friday for allegedly failing to supervise two financial lieutenants accused of insider trading.

Detroit Slides From Industrial Might to Bankruptcy

Written by Steven Church, Dawn McCarty & Margaret Cronin Fisk, Published on Bloomberg

Detroit, the cradle of the automobile assembly line and a symbol of industrial might, filed the biggest U.S. municipal bankruptcy after decades of decline left it too poor to pay billions of dollars owed bondholders, retired cops and current city workers.

G-20 puts growth before austerity, seeks to calm markets

Published on CNBC

The Group of 20 nations put growth ahead of austerity as it seeks to rebalance a multi-speed global economy, pledging to shift policy carefully so that recovery is not derailed by volatile financial markets.

Dow, S&P 500 end 4th winning week

Written by Maureen Farrell, Published on CNN Money

The Dow and S&P 500 ended with a fourth straight week of wins, while the S&P closed at yet another record high Friday. The S&P 500 eked out a small gain, while the Dow Jones Industrial Average closed down slightly.

JPMorgan boosts top independent director

Written by Tom Braithwaite, Published on Financial Times

JPMorgan Chase is giving more power to its senior independent director in a concession to shareholders who have demanded a greater check on the authority of Jamie Dimon, according to people familiar with the matter.

What Next?

Related Articles

Leave a Reply

Submit Comment