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Mar 15, 2013
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what about steven cohen?he s.e.c. says its investigation is ongoing, but notes that two individuals have already been charged. they include john horbath who has pleaded guilty and cooperated with authorities, and matthew martoma who has pleaded not guilty and refused to cooperate to the dismay of the authorities. his attorney tells cnbc that today's settlement does not change the fact that his client is innocent. what about steven cohen? well, we will see what happens, but his firm has at least part of a big cloud lifted from it today, although at a huge cost, $614 million. maria? >> scott, thanks so much. we'll keep watching that. meanwhile, banking stocks making bill moves after the bombshell results of the federal reserve's capital plan review. let's get to kayla tausche. >> a mixed bag on the stress test. that caused financials to lose steam. first, the good. 14 bank holding companies cleared the fed's hurdle and can give back money to shareholders. some $45 billion of it, as of yesterday, nearly $30 bill
what about steven cohen?he s.e.c. says its investigation is ongoing, but notes that two individuals have already been charged. they include john horbath who has pleaded guilty and cooperated with authorities, and matthew martoma who has pleaded not guilty and refused to cooperate to the dismay of the authorities. his attorney tells cnbc that today's settlement does not change the fact that his client is innocent. what about steven cohen? well, we will see what happens, but his firm has at least...
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Mar 27, 2013
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it's been restored and now belongs to steven cohen who paid $155 million. >>> watch your inboxes today. google has started notifying 8,000 lucky contest winners that they'll be the first to test drive google glass headsets before a wider public release. still, it's no free ride here. in addition to a $1500 fee, winners also have to pick up their devices in person in new york, san francisco or los angeles. but they are pretty cool devices. >>> straight ahead, president obama uses his head at the white house in a way most have never seen. we'll show you what he did. >>> plus the story behind this rare two-headed shark and your sports highlights. you're watching "early today" live from the 59th regiment national guard armory in new york city for hiring our heroes. >>> and welcome back. from the 69th regiment national guard armory in new york city. we're live here. and now to some other stories that caught our eye for you. we begin in chicago army of children calling for immigration reform. hundreds of kids led the demonstration aimed at ending the deportation of undocumented immigrants wi
it's been restored and now belongs to steven cohen who paid $155 million. >>> watch your inboxes today. google has started notifying 8,000 lucky contest winners that they'll be the first to test drive google glass headsets before a wider public release. still, it's no free ride here. in addition to a $1500 fee, winners also have to pick up their devices in person in new york, san francisco or los angeles. but they are pretty cool devices. >>> straight ahead, president obama...
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Mar 27, 2013
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. >>> casino owner steve wynn has sold picasso's "la reve" to billionaire financier steven cohen once again. the price this time is $155 million, the most ever paid by a u.s. collector for a work of art. wynn had previously agreed to sell it to cohen seven years ago, but then he accidentally put his elbow through the canvas. it has been fully restored. >> can you imagine, you put your elbow through a $130 million picasso? do you think he cried? >> don't you hate when that happens? >> i hate it when that happens. >> i know. it happens to me all the time. >>> all right, when we come back, new trouble for the pop prince. why deputies were called to justin bieber's house. >>> and the close encounter as some very big and very curious cats pay a visit to a colorado home. spooky. we'll be right back. hmm, we need a new game. ♪ that'll save the day. ♪ so will bounty select-a-size. it's the smaller powerful sheet. the only one with trap + lock technology. look! one select-a-size sheet of bounty is 50% more absorbent than a full size sheet of the leading ordinary brand. use less. with the small
. >>> casino owner steve wynn has sold picasso's "la reve" to billionaire financier steven cohen once again. the price this time is $155 million, the most ever paid by a u.s. collector for a work of art. wynn had previously agreed to sell it to cohen seven years ago, but then he accidentally put his elbow through the canvas. it has been fully restored. >> can you imagine, you put your elbow through a $130 million picasso? do you think he cried? >> don't you hate...
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Mar 26, 2013
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committed the biggest oopsy in art when he put his arm through a picasso he was selling to investor steven cohens in damage, and the sale was off because what happened in vegas really stayed in vegas. wynn must have learned he was dreaming because he learned cohen would go ahead and buy the picasso now that it's been restored, reporting for $155 million, giving wynn a 200% return on his investment. wow. >> what an elbow can do for a piece of art. jane, good to see you. i've always had to keep my eye on her... but, i didn't always watch out for myself. with so much noise about health care... i tuned it all out. with unitedhealthcare, i get information that matters... my individual health profile. not random statistics. they even reward me for addressing my health risks. so i'm doing fine... but she's still going to give me a heart attack. we're more than 78,000 people looking out for more than 70 million americans. that's health in numbers. unitedhealthcare. tdd#: 1-800-345-2550 opportunities are waiting to be found in faraway places. tdd#: 1-800-345-2550 markets on the rise. tdd#: 1-800-345-2550
committed the biggest oopsy in art when he put his arm through a picasso he was selling to investor steven cohens in damage, and the sale was off because what happened in vegas really stayed in vegas. wynn must have learned he was dreaming because he learned cohen would go ahead and buy the picasso now that it's been restored, reporting for $155 million, giving wynn a 200% return on his investment. wow. >> what an elbow can do for a piece of art. jane, good to see you. i've always had to...
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Mar 15, 2013
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founder steven cohen. the corporate entities, according to the s.e.c.olved their situation, but individuals still could be accused, and in fact, a couple of individuals, most notably, matthew martoma still faces criminal charges and has pleaded not guilty. his attorney says he's still an innocent man. and the s.e.c. says this insider trading probe that is five years old now is not over yet. >> thank you so much for the breaking news, scott cohen. >>> coming up, bottoms up for the number two group. up. this is for real this time. step seven point two one two. verify and lock. command is locked. five seconds. three, two, one. standing by for capture. the most innovative software on the planet... dragon is captured. is connecting today's leading companies to places beyond it. siemens. answers. revolutionizing an industry can be a tough act to follow, but at xerox we've embraced a new role. working behind the scenes to provide companies with services... like helping hr departments manage benefits and pensions for over 11 million employees. reducing document
founder steven cohen. the corporate entities, according to the s.e.c.olved their situation, but individuals still could be accused, and in fact, a couple of individuals, most notably, matthew martoma still faces criminal charges and has pleaded not guilty. his attorney says he's still an innocent man. and the s.e.c. says this insider trading probe that is five years old now is not over yet. >> thank you so much for the breaking news, scott cohen. >>> coming up, bottoms up for the...
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. >> maria, the largest insider trading penalty ever, steven cohen may have just come out from under big cloud, may have, because the investigation into individuals is officially ongoing. but, the civil insider trading investigation that has dogged his firm for years now is over with no admission or denial of guilt. it does, however, come at a huge cost. $614 million, as we said, the largest insider trading penalty ever, by far, to be paid by cohen's sac capital and several of its affiliate companies. the company calls the settlement a substantial step towards resolving all outstanding regulatory matters, and that would be huge. the s.e.c. calls the settlement historic. officials confirm they are done with sac, the firm. as for individuals, one analyst john horvath pleaded guilty to last year to criminal charges. and matthew martoela pleaded not guilty. for sac and its reclausive founder, this is, however, major damage control. $600 million plus penalty and $1.6 billion in redemptions last month, but, in fact, maria, it could have been a whole lot worse. so pretty amazing and pivotal
. >> maria, the largest insider trading penalty ever, steven cohen may have just come out from under big cloud, may have, because the investigation into individuals is officially ongoing. but, the civil insider trading investigation that has dogged his firm for years now is over with no admission or denial of guilt. it does, however, come at a huge cost. $614 million, as we said, the largest insider trading penalty ever, by far, to be paid by cohen's sac capital and several of its...
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two units of the hedge fund sac capital, the firm founded by billionaire steven a. cohenchecks. the sec said one unit, cr intrinsic investors, made 275 million dollars in illegal profits or avoided losses because of inside trader info about the pharmaceuticals company in 2012. the executive got a 21- million-dollar compensation package -- but that was 29- percent less than the year his pay was disclosed friday in a company filing. mulally is creditied with turning around the automaker but ford still fell short of several performance [ female announcer ] now get high speed internet at home on our newly expanded advanced digital network, a connection you can count on. at&t u-verse high speed internet offers more speed options, reliability and wi-fi hotspots than ever. call at&t now to get u-verse high speed internet for as little as $14.95 a month for 12 months with a one-year price guarantee. it's the fastest internet for the price. our newly expanded advanced digital network gives you more of what you enjoy online. and with at&t, our wireless gateway turns your home into
two units of the hedge fund sac capital, the firm founded by billionaire steven a. cohenchecks. the sec said one unit, cr intrinsic investors, made 275 million dollars in illegal profits or avoided losses because of inside trader info about the pharmaceuticals company in 2012. the executive got a 21- million-dollar compensation package -- but that was 29- percent less than the year his pay was disclosed friday in a company filing. mulally is creditied with turning around the automaker but ford...
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. >> you long the steven cohen house -- is that $1 million a day? >> i rent february. tell you, prices out in the hamptons are really good. you get a couple of nice sunny days. water's a little cold, but come on. >> my 7-year-old loves 40 degree water. >>> let's talk u.s. markets now. it is the final trading day of the first quarter that plongs to the bulls. the dow is up 10.9%. s&p 500 up 9.6%. and within three points of its all-time closing high. nasdaq is up almost 8%. the dow is set for its fourth consecutive month of gains with boeft s&p and nasdaq up for five straight months. yesterday's session was interesting because we flagged the turn in the financials early on and we did see that continue a little bit throughout the day and morgan stanley perhaps most tied, whether rightly or wrongly, to europe actually closed the day higher. >> it was another day for jpmorgan to spend some time in the penalty box. i don't want to be more severe than that because the madoff thing is very difficult to understand. if jpmorgan turned around and wells fargo turned around i think
. >> you long the steven cohen house -- is that $1 million a day? >> i rent february. tell you, prices out in the hamptons are really good. you get a couple of nice sunny days. water's a little cold, but come on. >> my 7-year-old loves 40 degree water. >>> let's talk u.s. markets now. it is the final trading day of the first quarter that plongs to the bulls. the dow is up 10.9%. s&p 500 up 9.6%. and within three points of its all-time closing high. nasdaq is up...
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question now is, are the feds starting to zero in on the billionaire that heads the company, steven a. cohen that started at his park avenue home in handcuffs, michael steinberg left court free on $3 million bail. hr. >> any comment? >> the wall street trader at s.a.c. capital is accused of insider trading, illegally using inside information to make $6 million for his company. did greed get the better of him? steinberg pleaded not guilty and his lawyer says he did nothing wrong. >> michael steinberg is part of the inner circle with steve cohen, who is one of the richest men in the world. >> reporter: cohen the founder and namesake of s.a.c. capital. investigators have been looking at him closely. so far, nine people have been arrested at his firm. earlier this month, the company agreed to pay more than $600 million in a government settlement. the largest in history. the judge still hasn't decided if he should accept it. >> the government's now just one step away from mr. steve cohen, if the government thinks that they have a case against him. >> reporter: but cohen's lavish lifestyle continu
question now is, are the feds starting to zero in on the billionaire that heads the company, steven a. cohen that started at his park avenue home in handcuffs, michael steinberg left court free on $3 million bail. hr. >> any comment? >> the wall street trader at s.a.c. capital is accused of insider trading, illegally using inside information to make $6 million for his company. did greed get the better of him? steinberg pleaded not guilty and his lawyer says he did nothing wrong....