he worked for societe generale, one of the leading banks in france. the bank lost billions because of his trading. >> jerome kerviel i arrived with his lawyer, and the prosecution said that he took a risk on a massive scale without authorization. >> the court knew societe generale had no knowledge of the fraud that he was collaborating. and they were completely unaware of the systems and falsifications, and everything that was greeted by him for the bank. >> the defense said societe generale turned a blind eye as long as he was earning money. >> this is an absolutely unreasonable verdict, and the bank is responsible for nothing. this is not responsible for the creature that has made, and that only he is responsible for the crisis of the banking system. >> kerviel has denied working without their knowledge and he was angry at the decision of the court. >> and pakistan the american charge of an attempted bombing has been sentenced to life in prison without parole after pleading guilty. fazal shazad attempted to explode a bomb but it fizzled out. he was

a former trader at the french bank societe generale was convicted today on all counts, in one of history's biggest trading frauds. jerome kerviel was sentenced to three years in prison, and he was ordered to repay the bank a staggering $6.7 billion in damages. defense lawyers promised to appeal. they said, at his current salary, it would take kerviel more tn 175,000 years to pay the damages. the u.s. supreme court will decide how far the government may go in background checks of employees. the court today heard a case involving private contractors working for nasa. they oppose having to give personal information, including medical history and past drug use. the outcome could have far- reaching effects, because the same employment questionnaires are used throughout the federal work force. hungary declared a state of emergency after a torrent of toxic sludge from an aluminum plant tore through several towns. the death toll rose to four, with 120 injured. the reddish mud burst through a containment reservoir yesterday, and gushed down roads, pushing cars out of its way. the sludge covered ent

rogue french trader jerome, nearly destroyed societe generale by making risky deals in one of the biggest trading scams in history. today a french court sentenced him to three years in jail, ordered him to pay back the $6.8 billion the bank spent repaying his trades which his current sally -- at his current salary could take him 177,000 years. dow jones, we're way up on the day, up 163 points. the s&p up 20 and the nasdaq following suit up 47 1/3. >>> keeping an eye on the white house where president obama is about to speak at joe biden's community college summit. we'll bring that to you live. and then a daredevil's unbelievable adventure. you're going to hear from the man who has done what no one else has accomplished in an explosive fire pit. >>> each seat is provided with a seat belt. >> no longer with the boring airplane safety demonstrations. i like it. time to spice it up, people. simply ageless with olay regenerist serum costs less and it won't glob up in lines and wrinkles. you'll look amazing and happy too. simply ageless, from olay and easy breezy beautiful covergirl. another he