Financial Economics Latest News: U.S. Judge Limits Ex-Goldman Sachs Exec's Defense in Fraud Case

A federal judge limited the extent to which former Goldman Sachs Group Inc vice president Fabrice Tourre can argue that he was acting on the advice of company lawyers in his defense against charges that he misled investors. Swiss lawmakers dealt a serious blow to a plan that could enable the country's banks to avoid the threat of prosecution in the U.S. by collectively coming clean about their dealings with suspected American tax evaders. The Federal Open Market Committee Meeting starts and stock futures have all gone up in response. Even before the meeting starts, inflation and housing data will be released. S&P 500 futures rose 1.4 points, NASDAQ 100 futures added 5 points, and Dow Jones Industrial futures rose 31 points.
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