NEW YORK (Reuters) – Former FrontPoint Partners hedge fund manager Dr. Joseph “Chip” Skowron was sentenced to five years in prison on Friday for his role in an insider trading scheme. Skowron, one of the most prominent investors to become embroiled in a sweeping U.S. crackdown on insider trading at […]

Stocks edged higher Friday as investors balanced signs of future growth in the U.S. economy with a looming deadline for Congress to reach a deal in deficit-reduction talks. Steep declines earlier in the week put the S&P 500 index on track for its worst week since September. The Conference Board’s […]

Nigeria’s interbank lending rates climbed this week to an average of 15.50 percent, from 13 percent the previous week after foreign exchange, bonds and treasury bills purchases drained liquidity in the system  Dealers said liquidity in the system receded drastically this week with the market opened on Friday with a […]