Unlucky 7
UBS trader Kweku Adoboli was sentenced iin London to seven years in jail for gambling away $2.3 billion of the Swiss bank’s money in Britain’s biggest-ever fraud.
Sales Fitch
Billionaire Ken Griffin’s Citadel bought a 6.3 percent stake in Abercrombie & Fitch, adding to increased interest in the teen retailer by hedge funds in the past three months.
Coca-coffee
Green Mountain Coffee Roasters, the maker of Keurig K-Cups and brewers, named Coca-Cola.’s Brian Kelley as CEO to succeed Lawrence J. Blanford, who is retiring.
Stanford
Two former accounting executives, Gilbert Lopez and Mark Kuhrt were found guilty of helping Texas financier R. Allen Stanford hide a Ponzi scheme that bilked investors of $7 billion.
Groupon
Groupon shares rose 8.5 percent after the $8 billion hedge fund Tiger Global Management said it acquired a 9.9 percent stake in the daily deal site.