Not facebook. This ceo coming on exclusively, or even amazon. But sac capital, the embattled hedge fund founded by billionaire steven cohen facing no criminal charges of systematic insider trading. Allegedly generating hundreds of millions of dollars of illegal profit and to avoid losses and this allegedly over more than a decade. Widespread, systematic. You name it, they say they did it. We just got word from sac that it plans to operate as it works through these matters. Theyre still in business. They say that it never encouraged promoted or tolerated insidertrading. What were going to do is take a look at what might happen, why this matters to an individual investor is not have money with them as well as the billions of dollars in assets, with a might now flow. The impact on the entire Hedge Fund Industry and the trading industry because they own huge positions in a lot of stocks. Are very un Charlie Gasparino has been breaking news on this story well in advance of everyone else. Mo
Theyre honored today at the white house. Get to doy people get to do that, sit there and wait for the president to come to you . To say, thank you. This is the cbs evening news with scott pelley, reporting tonight from washington. Pelley this is our western edition. Each day, more than a million and a half people commute into manhattan, in a complex choreography that moves before the sun. But this morning, a new Jersey Transit train that should have been crawling into its final stop, instead bolted through a barrier and rammed into the waiting area of hoboken terminal, collapsing part of the centuryold building. Only one person was killed, but 108 others, including the engineer, were injured. Jim axelrod is in hoboken, just across the hudson from manhattan. Reporter it was the height of rush hour this morning in a station 15,000 commuters pass through each day when, at 8 45, chaos engulfed the new Jersey Transit terminal in hoboken. This is what train number 1614, stuffed with commuter
Two years after San Francisco residents pain at the pump rose to unprecedented levels, gas rates in The City largely eased from those historic highs. But they still remain among the priciest in the nation.