The US Attorney for the Southern District of NY, Preet Bharara, announces the filing of criminal charges against 14 attorneys and Wall Street professionals for insider trading.
“What we are seeing is an industry that is going through a severe recession,” British Airways CFO Keith Williams told CNBC Friday. The airline is “responding to a structural change in the industry,” he said, adding that “manpower has been down about 10% in the last 12 months,” and over the next six months, “another 3,000 people (will) leave the airline.”
GM shares rallied Wednesday after the auto-maker decided not to sell its European unit Opel. Simon Goodfellow from ING Wholesale Banking considers this and other market-moving news.
Oil is the new reserve currency, says Kevin Kerr, president & chief trading officer for Kerr Trading International. He tells CNBC's Martin Soong what this means for oil direction. Daryl Guppy, CEO of GuppyTraders.com pulls out the charts on oil and the Baltic Dry Index.
There is a bubble forming now across all asset classes, warns Andrew Smithers, founder of Smithers & Co. He shares his observations, with CNBC's Martin Soong.