investing

Rogue Societe Generale Trader "Just Got His Millions and Billions Mixed Up"

By admin - Posted on January 28th, 2008

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Paris, February 11, 2008 -- Jerome Kerviel, the so-called "rogue trader" whose actions resulted in a staggering $7.2 billion loss last month for French bank Societe Generale, simply got his millions and his billions confused, according to a French police officer who asked not to be identified.

Stocks Tumble on Self-fulfilling Prophecy Fears

By admin - Posted on January 17th, 2008

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New York, March 12, 2008 -- Worldwide stock markets fell sharply today on fears investors may react negatively to widespread nervousness regarding the potential for a downward market trend. The steep drop during morning trading led to a broad tumble across all major sectors, with panicky investors interpreting the fall as an indication of a setback in investor confidence.