finance
Athens Sees Worst Violence in Months as MPs Pass Austerity Plan
Greece's parliament has passed a controversial package of austerity measures, demanded by the eurozone and IMF in return for a 130bn-euro ($170bn; £110bn) bailout to avoid default.
The vote was carried by 199 votes in favour, with 74 MPs voting against.
Coalition parties expelled over 40 deputies for failing to back the bill.
The vote came amid largescale violence in Greece, with protesters outside parliament throwing stones and petrol bombs, as the BBC's Mark Lowen explains.
Submitted by admin on Mon, 02/13/2012 - 3:53am
MF Global sold assets to Goldman before collapse: sources
By Lauren Tara LaCapra and Matthew Goldstein
Wed Jan 4, 2012 8:53am EST(Reuters) - MF Global unloaded hundreds of millions of dollars' worth of securities to Goldman Sachs in the days leading up to its collapse, according to two former MF Global employees with direct knowledge of the transactions. But it did not immediately receive payment from its clearing firm and lender, JPMorgan Chase & Co (JPM.N), one of the sources said.
Link:Read more via Reuters...Submitted by admin on Wed, 01/04/2012 - 10:19pmOWS protest turns on G20 summit in France
Thousands of people take part in a demonstration on November 1, 2011 in Nice two days ahead of the G20 summit (AFP Photo / Anne-Christine Poujoulat)
Submitted by admin on Fri, 11/04/2011 - 3:29amEx-Goldman Director Will Turn Himself In To FBI, To Face Criminal Charges
(Reuters) Former Goldman Sachs director Rajat Gupta will surrender to the FBI on Wednesday to face criminal charges, a person familiar with the investigation said.
Gupta was named as an unindicted co-conspirator in hedge fund founder Raj Rajaratnam's trial earlier this year. He has denied wrongdoing.
Rajaratnam was sentenced to 11-years in prison this month. Gupta's attorney, Gary Naftalis, did not immediately respond to a call seeking comment.
(Reporting by Basil Katz)
Submitted by admin on Tue, 10/25/2011 - 9:13pm
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