An Italian judge on Wednesday ordered JPMorgan Chase , Deutsche Bank , UBS and a banking unit of the German company Hypo Real Estate Holding to stand trial for fraud in their handling of interest rate swaps acquired by the city of Milan in 2005, The New York Times's Eric Sylvers reports from Milan. The trial of the four banks, as well as 11 of their employees and two former city officials, will begin . The prosecutor, Alfredo Robledo, claims that the banks made illicit gains by misleading Milan about the costs of the swaps, which the city bought to lower the interest payments on 1.7 billion euros, or $2.3 billion, in municipal debt. 
Share:  An Italian judge on Wednesday ordered <span class="company">JPMorgan Chase</span> , Deutsche Bank , UBS and a banking unit of the German company Hypo Real Estate Holding to stand trial for fraud in their handling of interest rate swaps acquired by the city of Milan in 2005, The New York Times's Eric Sylvers reports from Milan. The trial of the four banks, as well as 11 of their employees and two former city officials, will begin . The prosecutor, Alfredo Robledo, claims that the banks made illicit gains by misleading Milan about the costs of the swaps, which the city bought to lower the interest payments on 1.7 billion euros, or $2.3 billion, in municipal debt. Tweet this 

An Italian judge on Wednesday ordered JPMorgan Chase , Deutsche Bank , UBS and a banking unit of the German company Hypo Real Estate Holding to stand trial for fraud in their handling of interest rate swaps acquired by the city of Milan in 2005, The New York Times's Eric Sylvers reports from Milan. The trial of the four banks, as well as 11 of their employees and two former city officials, will begin . The prosecutor, Alfredo Robledo, claims that the banks made illicit gains by misleading Milan about the costs of the swaps, which the city bought to lower the interest payments on 1.7 billion euros, or $2.3 billion, in municipal debt. 
Share:  An Italian judge on Wednesday ordered JPMorgan Chase , Deutsche Bank , <span class="company">UBS</span> and a banking unit of the German company Hypo Real Estate Holding to stand trial for fraud in their handling of interest rate swaps acquired by the city of Milan in 2005, The New York Times's Eric Sylvers reports from Milan. The trial of the four banks, as well as 11 of their employees and two former city officials, will begin . The prosecutor, Alfredo Robledo, claims that the banks made illicit gains by misleading Milan about the costs of the swaps, which the city bought to lower the interest payments on 1.7 billion euros, or $2.3 billion, in municipal debt. Tweet this 

An Italian judge on Wednesday ordered JPMorgan Chase , Deutsche Bank , UBS and a banking unit of the German company Hypo Real Estate Holding to stand trial for fraud in their handling of interest rate swaps acquired by the city of Milan in 2005, The New York Times's Eric Sylvers reports from Milan. The trial of the four banks, as well as 11 of their employees and two former city officials, will begin . The prosecutor, Alfredo Robledo, claims that the banks made illicit gains by misleading Milan about the costs of the swaps, which the city bought to lower the interest payments on 1.7 billion euros, or $2.3 billion, in municipal debt. 
Share:  An Italian judge on Wednesday ordered JPMorgan Chase , <span class="company">Deutsche Bank</span> , UBS and a banking unit of the German company Hypo Real Estate Holding to stand trial for fraud in their handling of interest rate swaps acquired by the city of Milan in 2005, The New York Times's Eric Sylvers reports from Milan. The trial of the four banks, as well as 11 of their employees and two former city officials, will begin . The prosecutor, Alfredo Robledo, claims that the banks made illicit gains by misleading Milan about the costs of the swaps, which the city bought to lower the interest payments on 1.7 billion euros, or $2.3 billion, in municipal debt. Tweet this 

A Wall Street Journal Report announced that Sprint will showcase the first WiMAX phone, the Supersonic from HTC. It be seen for the first time at CTIA Wireless 2010 next week in Las Vegas. It's been a long rumored device that is suppose to ship by this summer. 
Share:  A Wall Street Journal Report announced that <span class="company">Sprint</span> will showcase the first WiMAX phone, the Supersonic from HTC. It be seen for the first time at CTIA Wireless 2010 next week in Las Vegas. It's been a long rumored device that is suppose to ship by this summer. Tweet this 

Jack in the Box ( JACK ) gapped higher and is up $1.27 to $24.39 after Goldman Sachs upgraded the stock to Buy from Neutral. 
Share:  <span class="sent"><span class="company">Jack in the Box</span> ( JACK ) gapped higher and is up $1.27 to $24.39 after <span class="analyst">Goldman Sachs</span> upgraded the stock to Buy from Neutral.</span> Tweet this 

AOL (NYSE: AOL)—which is doubling down on its own local efforts—is now setting up a venture capital fund to invest in the local space. The company cites the "increasing number of startups" in the market as driving the creation of the fund, which will operate as part of AOL Ventures. Likely not a coincidence: AOL Ventures head Jon Brod previously led Patch, the hyperlocal news startup which AOL acquired last summer. 
Share:  AOL (NYSE: AOL)—which is doubling down on its own local efforts—is now setting up a venture capital fund to invest in the local space. The company cites the "increasing number of startups" in the market as driving the creation of the fund, which will operate as part of AOL Ventures. Likely not a coincidence: AOL Ventures head Jon Brod previously led Patch, the hyperlocal news startup which AOL acquired last summer. Tweet this 

Huron Consulting Group Inc (NASDAQ: HURN), a leading provider of business consulting services, today announced that the Company's Board of Directors has elected John McCartney to the position of non executive chairman of the Board effective , 2010, the date of the Company's Annual Meeting of Stockholders and subject to his reelection to the Board at the meeting. McCartney has served as an independent director and the chairman of the Audit Committee since the Company's initial public offering. "John's deep knowledge of accounting and his prior experience as chief financial officer and chief operating officer of a public company enabled him, as chairman of our audit committee, to successfully guide Huron through the challenges of the past year and should enable him to continue to lead us through the resolution of the regulatory and legal proceedings facing Huron," said George E. Massaro, current non executive chairman of Huron Consulting Group. 
Share:  Huron Consulting Group Inc (NASDAQ: HURN), a leading provider of business consulting services, today announced that the Company's Board of Directors has elected John McCartney to the position of non executive chairman of the Board effective , 2010, the date of the Company's Annual Meeting of Stockholders and subject to his reelection to the Board at the meeting. McCartney has served as an independent director and the chairman of the Audit Committee since the Company's initial public offering. "John's deep knowledge of accounting and his prior experience as chief financial officer and chief operating officer of a public company enabled him, as chairman of our audit committee, to successfully guide Huron through the challenges of the past year and should enable him to continue to lead us through the resolution of the regulatory and legal proceedings facing Huron," said George E. Massaro, current non executive chairman of Huron Consulting Group. Tweet this 

HopFed Bancorp, Inc (Nasdaq: HFBC) today announced that its Board of Directors has declared a regular quarterly cash dividend of $0.12 per share. The dividend will be paid on , 2010 , to stockholders of record as of , 2010 . HopFed Bancorp, Inc is a holding company of Heritage Bank headquartered in Hopkinsville, Kentucky. 
Share:  <span class="company">HopFed</span> Bancorp, Inc (Nasdaq: HFBC) today announced that its Board of Directors has declared a regular quarterly cash dividend of $0.12 per share. The dividend will be paid on , 2010 , to stockholders of record as of , 2010 . <span class="company">HopFed</span> Bancorp, Inc is a holding company of Heritage Bank headquartered in Hopkinsville, Kentucky. Tweet this 

An outgoing FTC commissioner has slammed Google over the way it launched Google Buzz last month, calling the episode a case of "irresponsible conduct." According to PC World , FTC Commissioner Pamela Jones Harbour also said Google and other online companies may face tougher penalties if they don't do a better job of protecting consumer privacy. The PC World article includes some strongly worded criticisms about how Google launched its Buzz social networking service: "Google consistently tells the public to ‘just trust us,'" she said. 
Share:  An outgoing FTC commissioner has slammed <span class="company">Google</span> over the way it launched <span class="company">Google</span> Buzz last month, calling the episode a case of "irresponsible conduct." According to PC World , FTC Commissioner Pamela Jones Harbour also said <span class="company">Google</span> and other online companies may face tougher penalties if they don't do a better job of protecting consumer privacy. The PC World article includes some strongly worded criticisms about how <span class="company">Google</span> launched its Buzz social networking service: "<span class="company">Google</span> consistently tells the public to ‘just trust us,'" she said. Tweet this