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DealBook: Hedge Fund Founder Gets 11-Year Term in Insider Case

John Marshall Mantel for The New York TimesRaj Rajaratnam left sovereign probity in Manhattan on Thursday. 1:09 p.m. | Updated The depressed sidestep account billionaire Raj Rajaratnam perceived a longest jail judgment ever for insider trade on Thursday, a watershed impulse in a government’s assertive two-year discuss to base out a bootleg sell of trusted [...]

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Cain’s 999 taxation devise is simple; you’ll compensate more

Jim Young / Reuters “If a open understands it, they will support it and direct it. That is going to be a difference. It is not a difficult square of legislation,” Herman Cain says of his “9-9-9″ taxation plan. When it comes to Republican presidential claimant Herman Cain’s due 9-9-9 taxation plan, there’s one thing [...]

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Slovakia OKs new powers for euro bailout

The Slovak council has voted to approve stretched powers for a European Union’s bailout account in a repeat vote, according to reports. The vote to approve a stretched powers devise follows an progressing unsuccessful try “which defeated a executive European country’s center-right cupboard and rattled financial markets on Tuesday,” Reuters said. The opinion completes a capitulation [...]

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Rajaratnam condemned to 11 years for insider trading

By Jin Lee, AP Raj Rajaratnam, co-founder of Galleon Group, arrives during Federal Court for sentencing on Oct. 13, 2011 in New York.

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DealBook: JPMorgan Profit Falls 4%, to $4.26 Billion

JPMorgan Chase kicked off a banking industry’s benefit season, stating on Thursday that distinction fell 4 percent in a third entertain as a outcome of slow debt troubles and diseased investment banking results. Both a consumer and Wall Street businesses were strike tough by a mercantile troubles depredation Europe and fear of a uninformed retrogression [...]

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JPMorgan’s distinction falls in tough third quarter

JPMorgan Chase reported a scarcely 4 percent dump in net income for a third entertain on Thursday amid aloft losses in a severe 3 months for tellurian markets. The bank is a initial of a vital lenders to news quarterly results. Banks are approaching to post earnings that uncover their increase came underneath vigour in a third [...]

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Congress OKs Korea, Panama, Colombia trade deals

WASHINGTON — The Congress on Wednesday authorized long-delayed trade pacts with South Korea, Colombia and Panama that are approaching to lift exports by about $13 billion a year and give U.S. practice a boost. Obama raises some-more than $70 million Updated 111 mins ago 10/13/2011 11:10:50 AM +00:00 President Barack Obama’s debate lifted some-more than $70 [...]

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