Tourre Found Liable in $1 Billion CDO Fraud Case

Aug. 1 (Bloomberg) -- Fabrice Tourre, the former Goldman Sachs Group Inc. vice president on trial for his role in a failed $1 billion investment tied to the housing collapse, was found liable on six of seven claims by a jury in Manhattan. The Securities and Exchange Commission accused Tourre of intentionally misleading participants in a 2007 deal known as Abacus about the role played by Paulson & Co., the hedge fund of billionaire John Paulson. Su Keenan and Trish Regan report on Bloomberg Television's "StreetSmart." (Source: Bloomberg)

Amazon's Presence at the Oscars
15:51 - Hollywood's biggest weekend is just around the corner with the 89th annual Academy Awards on Sunday. We see some familiar names like Meryl Streep and Ryan Gosling, but there is one new player grabbing attention. Bloomberg's Kaitlin Meehan reports on “Bloomberg Technology.” (Source: Bloomberg)
  • The Self-Driving Car Fight Between Google and Uber
  • Lucid Motors Aims to Rival Tesla
  • Personal Capital CEO Says Banks Need to Change Attitude