Mar 29, 2013

Marketplace for Friday, March 29, 2013

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What do a $155 million Picasso purchase, a $60 million Hamptons home purchase, a $600 million fine and a trader in handcuffs have in common? The answer: a momentous week for high-profile hedge-fund titan Stephen A. Cohen. Plus, oil companies…

Segments From this episode

Judge dismisses LIBOR lawsuits against big banks

Mar 29, 2013
This afternoon, a federal judge in New York dismissed a big chunk of the lawsuits against banks involved in the LIBOR scandal.

For one hedge fund: A heartbreaking week of staggering gossip

Mar 29, 2013
What do a $155 million Picasso, a $60 million Hamptons home, a $600 million fine and a trader in handcuffs have in common? The answer: a tumultuous week for high-profile hedge-fund titan Stephen A. Cohen.
SAC Capital portfolio manager Michael Steinberg (C) walks with his lawyers as he leaves federal court after being arraigned on insider trading charges on March 29, 2013 in New York City.
Monika Graff/Getty Images

Your gas bill will rise under new rules (but by how much?)

Mar 29, 2013
Oil companies say new EPA rules on sulfur levels in gas will increase prices several cents a gallon, but higher refining costs could play out many ways.

Did 'barefoot homeless guy' really deserve charity?

Mar 29, 2013
Remember the “barefoot homeless guy” from when an NYPD officer bought him shoes? Well, he’s back in the news this week after being seen recently counting a “huge wad of bills.”

Insider trading charges: One way to end a long week

Mar 29, 2013
An SAC Capital trader was charged today with securities fraud, allegedly short-selling stocks based on inside information

Grown men who can't wait to play with My Little Ponies

Mar 29, 2013
My Little Pony has a sizable cult fan base of men 18 - 40. Yes, they're called Bronies.

Want a U.S. visa? Got a spare $500,000?

Mar 29, 2013
The government is doling out a growing number of visas to immigrants who invest half a million dollars in the U.S.
The Gateway Arch is seen in St. Louis, Mo., on a sunny Sunday afternoon.
KAREN BLEIER/AFP/Getty Images

What do a $155 million Picasso purchase, a $60 million Hamptons home purchase, a $600 million fine and a trader in handcuffs have in common? The answer: a momentous week for high-profile hedge-fund titan Stephen A. Cohen. Plus, oil companies say new EPA rules on sulfur levels in gas will increase prices several cents a gallon, but higher refining costs could play out many ways: People could drive less or they could buy cars with higher mileage.

Music from the episode

Spreadin' Honey - Remastered Mono Version Charles Wright & The Watts 103rd Street Rhythm Band
Spooky Dusty Springfield
Cirrus Bonobo

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