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World Bank Picks Jim Young Kim as Next President

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    FBN’s Robert Gray on the World Bank selecting Jim Young Kim as President for a five-year term.

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I'm Robert -- with your Fox Business -- investors spent the session -- competing news of strong retail sales in the US against -- troubling increase in Spain's borrowing costs.

At a closing bell the Dow was up 71 points for the SP and NASDAQ were lower.

The executive directors of the World Bank have officially selected doctor Jim young -- president for a five year term.

After -- take -- do you position on July 1.

And the Securities and Exchange Commission has charged online brokerage company options express and five individuals with naked short selling.

That is selling shares without borrowing them first.

Three of the four employees charts have already settled with the SEC without admitting or denying the findings the SEC says the naked short selling -- from at least October 2008.

Through march 2010.

That is the latest from Fox Business giving -- the power to prosper.