Judge approves SAC, prosecutors' deal to continue operations

Now watching

Next video starts in : 7 Play

Judge approves SAC, prosecutors' deal to continue operations

Judge approves SAC, prosecutors' deal to continue operations
Replay video
Up next

How Lindsey Graham would fix Washington: Talk less, drink more

Unlock your personal NFL Now stream by signing in to NFL.com

Judge approves SAC, prosecutors' deal to continue operations

by Wochit 0:55 mins

A Manhattan federal judge has approved an agreement between Steven A. Cohen's hedge fund, SAC Capital Advisors, and federal prosecutors to allow the hedge fund to continue to operate while the criminal case against it proceeds. Stocks fell on Friday and posted their biggest weekly decline since June as investors focused on when the Federal Reserve would begin to scale back its stimulus. All but one of the 10 S&P 500 sector indexes ended lower. After nine years in China, British supermarket firm Tesco is to fold its unprofitable operation into a state-run company as a minority partner, becoming the latest foreign retailer to give up on trying to crack China.

View Comments (3)