Wall Street gains 1 percent as IMF gives Europe hope (Reuters)

Posted on the January 18th, 2012 under Business News by admin

Anthony Chiasson, Level Global Investors LP co-founder leaves Manhattan Federal Court after being released on bail on charges of insider trading Wednesday, Jan. 18, 2012, in New York. Greed on Wall Street set a record, authorities said Wednesday as they unveiled a nearly $ 78 million insider trading case that involved at least seven financial industry professionals and included a hedge fund co-founder who triggered a single trade that earned $ 53 million in profits, the largest lone transaction ever prosecuted in Manhattan. (AP Photo/David Karp)Reuters – Stocks jumped to their highest since July on Wednesday as the International Monetary Fund sought to help countries hit by the European debt crisis, while forecast-beating earnings from Goldman Sachs dispelled some worries over bank profits.



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