A prominent Manhattan lawyer trained at Harvard and Yale universities who admitted defrauding hedge funds of more than $400 million should be sentenced to 145 years in prison, prosecutors told a judge Wednesday.
Oil prices hovered above $66 a barrel Friday in light holiday trading a day after grim unemployment numbers from the U.S. and Europe sent prices tumbling. By mid-afternoon in Europe, benchmark crude for August delivery was down 16 cents to $66.57 a barrell.
European stock markets traded in a narrow range Friday as investors caught their breath after big losses the day before on U.S. jobs data. Wall Street's closure for the Independence Day holiday kept trading volumes exceptionally light.