Financial news on June 26, 2010

Business and Financial news
A Société Générale Trader Remains a Mystery as His Criminal Trial Ends

Jérôme Kerviel is facing a maximum of five years in prison for causing losses of about $7 billion at Société Générale. Read more..

By NICOLA CLARK and KATRIN BENNHOLD - The New York Times

From Card Fees to Mortgages, a New Day for Consumers

Provisions in the financial bill will change many ways of doing business. Read more..

By RON LIEBER and TARA SIEGEL BERNARD - The New York Times

Goldman Must Pay Some Bayou Losses

Goldman Sachs was ordered to pay $20.58 million to creditors of a failed hedge fund to settle claims that the bank helped the fund perpetrate a Ponzi scheme. Read more..

By LOUISE STORY and GRETCHEN MORGENSON - The New York Times

Grapevine Cultivator

Robert H. Wolfe provides a warning to a pest. Read more..

By JIM HORNE - The New York Times

High-Risk Insurance Pools to Begin Next Month

For many with chronic conditions and no coverage, relief may be on the way starting July 1 as the federal government begins to pay for new insurance pools. Read more..

By WALECIA KONRAD - The New York Times

In China, Worries Over Municipal Debts

The Chinese government is investigating how much debt was incurred by local governments last year, amid concerns that the debt loads could undermine the economic recovery in some parts of the country. Read more..

By DAVID BARBOZA and KEITH BRADSHER - International Herald Tribune

India Cuts Subsidies for Fuels

India and other big countries committed to eliminating energy subsidies at a Group of 20 meeting last year. Read more..

By VIKAS BAJAJ - The New York Times

Justice Department Begins Inquiry Into Drone Maker

AeroVironment, a maker of drones, said that the Justice Department started an investigation into its billing practices. Read more..

By REUTERS - The New York Times

Moratorium Won’t Reduce Drilling Risks

Facing the dangers inherent in deepwater drilling for natural gas and oil is preferable to delaying the activity. Read more..

By JOE NOCERA - The New York Times

To Thine Own Self Be True

Advice from Shakespeare leads to this puzzle’s theme. Read more..

By JIM HORNE - The New York Times

See what else happened on June 26, 2010