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- First arrest made in new hedge fund insider trading crackdown The first strike in a new federal offensive to root out insider trading on Wall Street came Wednesday with the arrest of a consulting …
- Stock sharply higher on positive economic data Stocks rose sharply Wednesday after a batch of economic reports offered some hope that the U.S. economy was improving.
- Feinberg: $2B of BP fund will go to emergency compensationCalling the BP oil spill payout an unprecedented event in U.S. history, the administrator of the fund said Wednesday he expects …
- 30-year mortgage rate rises to average 4.40% Rates on fixed mortgages edged up this week, inching further away from the lowest level in decades.
- Irish unveil 4-year plan to claw back $20B, slash deficit Ireland has unveiled the harshest budget measures in its history, a four-year plan to claw back $20 billion using spending cuts …
PM Report:Are N. Korea’s Moves Tied to Succession?
John Bussey, Alan Murray & Dennis Berman discuss whether a planned change in the North Korean leadership is the real cause of yesterday’s attack on South Korea. Plus, stocks soar and a new film pushes the envelope for romantic comedies.
North Korea fired artillery rockets at a South Korean island near a disputed border, killing two South Korean marines and sending civilians fleeing in a clash that dramatically escalated tensions on the peninsula.
The Dow fell 142.21 after the Fed cut its economic projections. The skirmish between North Korea and South Korea and continued worries over euro-zone debt also weighed on the market.
A three-year insider-trading investigation shifted into high gear as government agents raided three large hedge funds, sending shock waves through the financial world.
Ireland’s Cowen Resists Resignation Calls
Ireland’s government resisted calls for the prime minister to resign and called on lawmakers to pass a budget.
Banks Weigh on Dow Industrials
The Dow industrials fell 24.97 points amid developments in a widespread insider-trading investigation and Ireland’s debt woes.
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