SAC to Close London Office Amid U.S. Insider Probe

Oct. 22 (Bloomberg) -- SAC Capital Advisors LP plans to shut down its London office as the $14 billion hedge-fund firm founded by Steven A. Cohen scales back in the face of insider-trading allegations by U.S. prosecutors. SAC, headquartered in Stamford, Connecticut, will close down the U.K. office by the end of the year, President Tom Conheeney wrote in a memo sent to employees today. The firm this week cut six investment professionals in the U.S., Conheeney wrote. Katherine Burton reports on Bloomberg Television's "Market Makers."

How China and the U.S. Could Deal With North Korea
45:10 - North Korea is nuclear-armed, committed to developing missiles that can reach the continental U.S. and led by an unpredictable despot. In response to recent ballistic missile tests by Kim Jong Un's regime, U.S. officials have said that all options, including military, are on the table. Another option is to apply more pressure on China to rein in its unruly neighbor and ally. Bloomberg QuickTake explains the situation. (Source: Bloomberg)
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