Societe Generale

Ex-Societe Generale Exec Kerviel Sentenced in Trading Scandal

A French judge sentenced former trader Jerome Kerviel to three years in prison and ordered him to repay a 4.9 billion euro ($6.8 billion) in damages to Societe Generale SA (SCGLY), saying that Kerviel's actions had threatened the bank's existence.

Biz Brief: BP Stock Tumbles to 14-Year Low

BP's stock plunged more than 14% at one point Wednesday to $29.77 -- a level last seen in 1996 -- amid concern the energy giant could cut or suspend its dividend as it grapples with the Deepwater Horizon oil spill in the Gulf of Mexico.