TMCnet News
Benzinga's Political Roundup (AMD, AIG, T)(Benzinga Lightning Feed Via Acquire Media NewsEdge) Raj Rajaratnam was found guilty yesterday of insider trading on companies like AMD (NYSE: AMD). Rajaratnam was convicted on all 14 counts of securities fraud and conspiracy against him. According to sources close to the situation, the $9 billion American International Group (NYSE: AIG) stock sale from the U.S. Treasury may be scrapped if it can't be done profitably. Finland's government agreed to support the aid package for Portugal, after weeks of talking about not supporting it. German Chancellor Angela Merkel endorsed Mario Draghi to succeed Jean-Claude Trichet for the presidency of the European Central Bank. Draghi is seen as an inflation hawk. U.S. senators are concerned about the proposed AT&T Inc. (NYSE: T) purchase of T-Mobile for $39 billion, and how it will hurt competition. Lawmakers are set to unveil legislation that would replace Fannie Mae and Freddie Mac with at least five private companies. (c) 2011 Benzinga.com. All rights reserved. This material may not be published in its entirety or redistributed without the approval of Benzinga. |