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Prison, $7 Billion Fine for Rogue Trader

News - ABC News

Prison, $7 Billion Fine for Rogue Trader Paris appeals court sends Societe Generale trader to prison, orders him to pay back $7 billion


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Genealogy Enjoys Unlikely Popularity

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Genealogy Enjoys Unlikely Popularity Genealogy Enjoys Unlikely Popularity Suddenly, "Who's your daddy?" has become a $1.6 billion-dollar question: That's the amount that European private equity firm Permira paid earlier this week to acquire U.S. genealogical website Ancestry.com—a 40 percent premium over the trading price of Ancestry's stock. Genealogy is hot. The same hobby that once was the preferred pastime of shut-ins, spinsters and confirmed bachelors has become widely popular. "It's no longer a niche," says Tim Sullivan, CEO of Ancestry. He tells ABC News is site now has more than 2 million paid subscribers. Ancestry will report a billion dollars in revenue for 2012.. "There's a broad, mainstream interest in family history," Sullivan says.


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Genealogy Becomes Unlikely Hobby

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Genealogy Becomes Unlikely Hobby Genealogy Becomes Unlikely Hobby Suddenly, "Who's your daddy?" has become a $1.6 billion-dollar question: That's the amount that European private equity firm Permira paid earlier this week to acquire U.S. genealogical website Ancestry.com—a 40 percent premium over the trading price of Ancestry's stock. Genealogy is hot. The same hobby that once was the preferred pastime of shut-ins, spinsters and confirmed bachelors has become widely popular. "It's no longer a niche," says Tim Sullivan, CEO of Ancestry. He tells ABC News is site now has more than 2 million paid subscribers. Ancestry will report a billion dollars in revenue for 2012.. "There's a broad, mainstream interest in family history," Sullivan says.


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'Who's Your Daddy?' Now Big Business

News - ABC News

'Who's Your Daddy?' Now Big Business 'Who's Your Daddy?' Now Big Business Suddenly, "Who's your daddy?" has become a $1.6 billion-dollar question: That's the amount that European private equity firm Permira paid earlier this week to acquire U.S. genealogical website Ancestry.com—a 40 percent premium over the trading price of Ancestry's stock. Genealogy is hot. The same hobby that once was the preferred pastime of shut-ins, spinsters and confirmed bachelors has become widely popular. "It's no longer a niche," says Tim Sullivan, CEO of Ancestry. He tells ABC News is site now has more than 2 million paid subscribers. Ancestry will report a billion dollars in revenue for 2012.. "There's a broad, mainstream interest in family history," Sullivan says.


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Read more: 'Who's Your Daddy?' Now Big Business

 

Watch: 'Friends' Finale Almost Ended Without Ross-Rachel Reunion

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Watch: 'Friends' Finale Almost Ended Without Ross-Rachel Reunion Producers of the show reveal they initially thought the ending would be a cliche.


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Bobby Brown Arrested for DUI

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image Bobby Brown Arrested for DUI Bobby Brown is facing another DUI charge after being arrested in Los Angeles early today. The 43-year-old R & B singer was booked at Van Nuys Jail after being arrested when he refused a field sobriety test at Ventura Boulevard and Corbin Avenue, ABC station KABC...


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Watch: Douglas Kennedy Trial: Nurse Says She Was Kicked

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Watch: Douglas Kennedy Trial: Nurse Says She Was Kicked The youngest son of Robert Kennedy is on trial for a run-in with maternity ward nurses.


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UN Says Syria, Rebels Agree to Truce

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Syria.JPEG UN Says Syria, Rebels Agree to Truce UN envoy says Syrian government, some rebel groups have agreed to truce during Muslim holiday


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Watch: Jessica Ridgeway Killing Linked to Failed Abduction

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Watch: Jessica Ridgeway Killing Linked to Failed Abduction Police say the 10-year-old's slaying is connected to an abduction attempt earlier this year.


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Men Ignore Early Signs of Breast Cancer

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Men Ignore Early Signs of Breast Cancer Men Ignore Early Signs of Breast Cancer One in 1,000 men is diagnosed with breast cancer in his lifetime, according to 2012 data from the American Cancer Society. And the disease kills about one man every day in the United States.


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Watch: Tropical Storm Sandy Reaching Hurricane Strength

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Watch: Tropical Storm Sandy Reaching Hurricane Strength The storm could reach Long Island and the Northeast.


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Vroom! Nation's Fastest Road to Open

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Vroom! Nation's Fastest Road to Open Last leg of 85-mph toll road _ the highest speed limit in the nation _ to open in Texas


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Photos: Taylor Swift's Eye-Popping Tour Dresses on Display

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Photos: Taylor Swift's Eye-Popping Tour Dresses on Display Photos: Taylor Swift's Eye-Popping Tour Dresses on Display Taylor Swift's dresses from her "Speak Now" tour are on display at the Country Music Hall of Fame and Museum.


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Investors Weigh Upbeat China News

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Wall Street.JPEG Investors Weigh Upbeat China News World stocks down on US company earnings, but China manufacturing data offers glimmer of hope


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Zapping Sheds Light on Face Blindness

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Zapping Sheds Light on Face Blindness Zapping Sheds Light on Face Blindness Two tiny brain areas are key for seeing and recognizing faces, according to a new study that sheds light on a rare neurological disorder known as facial blindness.


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Memorabilia Trove Sold for Ailing Kid

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Memorabilia Trove Sold for Ailing Kid Fla. man sells massive collection of autographed memorabilia to help his ailing daughter


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Does Microsoft's Surface Tablet Live Up to the Hype?

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Does Microsoft's Surface Tablet Live Up to the Hype? Does Microsoft's Surface Tablet Live Up to the Hype? After months of anticipation, Microsoft's Surface tablet is here. Should you buy it? ABC News has one of the first full reviews.


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2 Toddlers, Mother Found Dead in Calif.

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APTOPIX Family Slain.JPEG 2 Toddlers, Mother Found Dead in Calif. 2 toddlers, mother found dead in violent scene at California home; shocks law enforcement


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Stabbing Outside Planned Parenthood

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Stabbing Outside Planned Parenthood Police: Man stabbed in confrontation with protester outside Oregon Planned Parenthood center


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Stabbing Outside Planned Parenthood

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Stabbing Outside Planned Parenthood Police: Man stabbed in confrontation with protester outside Oregon Planned Parenthood center


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