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The SEC had accused Tourre, who once referred to himself as"the fabulous Fab" in an email, of misleading investors in asynthetic collateralized debt obligation called Abacus 2007-AC1.The SEC said Tourre failed to disclose that Paulson & Co Inc,the hedge fund of billionaire John Paulson, helped choosesubprime mortgage securities linked to go into Abacus and alsothat the fund planned to bet against it.
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"Overall this report was positive for activity in the second half of the year, but note that some of this strong reading may be a reflection of seasonal factors and we could see some slowdown next month," Nomura Global Economics said in a research note.
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MILAN, July 31 (Reuters) - Italian insurer Generali reported a 28 percent rise in first-half net profit to1.08 billion euros ($1.4 billion), thanks to a strongperformance in its non-life business, it said on Thursday.
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The project was thrown into confusion earlier this yearafter SEC changed the fuel for the plant to gas from oil - withspeculation that the ACWA-led consortium, which included SamsungC&T and MENA Fund, would have to reapply to buildthe scheme as a result.