Bayou Management made headlines last fall when its founder and CFO came out of hiding and admitted he defrauded investors. Sarah Gardner reports on what the bankruptcy of the hedge fund means to the industry.
A proposal that would reserve half the seats at India's most prestigious universities for people from the lowest ranks of society is running into opposition from other students. Miranda Kennedy reports.
The Federal Open Market Committee holds its first meeting today under new leader Ben Bernanke. The Fed Chairman might be new, but analysts expect more of the same when it comes to interest rates. Amy Scott reports.