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Mathew Martoma Charged in Most Lucrative Insider Trading Case

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  • Description

    FBN's Diane Macedo breaks down late-morning market news.

  • Duration 0:56
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I'm -- they don't -- Fox Business -- US prosecutors have charged former hedge fund manager Matthew Mark Toma.

-- insider trading in several drug that it was being called the most lucrative case ever.

It's alleged that mark -- made more than 276.

Million dollars in illicit profits News Corp.

has acquired a 49% stake.

In the yes network meanwhile according to deal with the -- global enterprises.

News Corp.

can buy additional stake in the network after three years.

That could -- ownership to 80% News -- of course is the parent company of the Fox Business Network.

And Moody's stripped France of its triple -- credit rating citing.

And in certain fiscal outlook as a result of its exposure to the European financial crisis this follows a similar -- made by standard and forth back in January.

And that's the latest from the Fox Business Network giving you the power to prosper.

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