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Marketplace for 7/25/13 – Criminal charges for SAC
Jul 25, 2013

Marketplace for 7/25/13 – Criminal charges for SAC

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The Justice Department has charged big hedge fund SAC for insider trading. High-profile actions like this are rare: Think Enron and Arthur Andersen. And remember, both those companies ceased to exist in any real way after their criminal charges. Also, Facebook stock is booming as mobile advertising at the company showed real promise. Will users be turned off as even more ads show up in their mobile news feed?

Segments From this episode

Senators' tax break ideas top secret for 50 years

Jul 25, 2013
Recommendations from senators to the Finance Committee as to which tax breaks they favor and which they oppose will be kept secret.

SAC: 'A magnet for market cheaters'?

Jul 25, 2013
The Justice Department has charged big hedge fund SAC with insider trading.
Preet Bharara, United States Attorney for the Southern District of New York speaks at a news conference July 25, 2013 about a federal indictment against SAC Capital, the hedge fund run by billionaire Steven A. Cohen. SAC Capital Advisors was charged in federal court in Manhattan in an indictment with wire fraud and four counts of securities fraud, as prosecutors allege the crimes were carried out from 1999 through at least 2010.
TIMOTHY CLARY/AFP/Getty Images

In your face, Wall Street!

Jul 25, 2013
Facebook says that mobile advertising now makes up more than 40 percent of the firm's ad revenue. But will users be turned off?
A view of an Apple iPhone displaying the Facebook app's splash screen.
BRENDAN SMIALOWSKI/AFP/GettyImages

Britain's welfare crackdown draws criticism, praise

Jul 25, 2013
Welfare payments account for a third of Britain's public spending. Now, radical cuts in welfare spending are drawing impassioned reactions among both critics and supporters.

Two recoveries from the tornado: Finding a job

Jul 25, 2013
Coming from different financial situations can affect everything about picking up the pieces after a natural disaster -- even getting, and holding on to a job.

AIDS research, punk rock and hot sauce on the side

Jul 25, 2013
The Offspring's lead singer, Dexter Holland, studies molecular biology and sells hot sauce.

The road of recovery

Jul 25, 2013
Checking in with trucker Don Holzschuh about how he is feeling about the economic recovery.

The Justice Department has charged big hedge fund SAC for insider trading. High-profile actions like this are rare: Think Enron and Arthur Andersen. And remember, both those companies ceased to exist in any real way after their criminal charges. Also, Facebook stock is booming as mobile advertising at the company showed real promise. Will users be turned off as even more ads show up in their mobile news feed?

Music from the episode