U.S. Case Against SAC No `Slam Dunk,' Powers Says

Aug. 2 (Bloomberg) -- Marc Powers, head of securities litigation at law firm Baker & Hostetler LLP, talks about the outlook for SAC Capital Advisors LLC, which has been charged with money-laundering by Manhattan U.S. Attorney Preet Bharara and the potential impact of the case on the hedge-fund industry. Powers speaks with Erik Schatzker on Bloomberg Television’s “Money Moves.” (Source: Bloomberg)
Kaisa Defaults on U.S. Dollar Debt
43:00 - Shenzhen developer Kaisa has become the first real estate company in China to default on U.S. dollar debt. Bloomberg’s Christine Hah reports on “First Up.” (Source: Bloomberg)
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