U.S.'s Eric Holder on UBS Trader Charges
Dec. 19 (Bloomberg) -- U.S. Attorney General Eric Holder, Assistant Attorney General Lanny Breuer of the Justice Department's criminal division, David Meister, director of enforcement for the Commodity Futures Trading Commission, and Kevin Perkins, associate deputy director of the Federal Bureau of Investigation, speak at a news conference about the government's settlement with UBS AG of charges the company manipulated the London Interbank Offered Rate, Libor. Holder also announces charges against two former UBS traders, Tom Alexander William Hayes and Roger Darin charged for their alleged roles in the scheme. (Source: Bloomberg)
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Jon Stanton to Succeed Keith Cochrane as Weir Group CEO
16:34 - Keith Cochrane, the CEO of Weir Group Plc, the world’s largest maker of fracking pumps for oil companies, is stepping down as CEO after 10 years on the board and will be replaced by Jon Stanton with effect from October 1. The company earlier reported that orders and sales missed by 4% and 2% respectively. Cochrane spoke to Bloomberg's Anna Edwards and Manus Cranny on "Countdown."