Word: francioni
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Though stock exchanges are trying to, at least at the margin. Reto Francioni, CEO of Deutsche Borse, a stock exchange in Frankfurt, described how volatility disruptions now kick in hundreds of times a day. When a stock's price jumps outside of its proscribed range, word goes out and trading switches over to an auction format for about five minutes to give all the market participants a chance to regroup, process any new information they might have - and to prevent the volatility from feeding on itself. "When markets aren't acting rationally, it's healthy to slow them down," said...
Both had joined the Louisiana Energy & Development Corp. in 1981. Francioni arrived in April; she got the job on a tip from a friend after dropping out of Louisiana State University. She took to the work. "I think I've found something I really enjoy doing," she told her mother. She talked of returning to college, perhaps to study accounting...
...pipeline company, things quickly went awry again. Within a few months, Rault was forging the company president's name on checks and depositing them in a bogus bank account he set up. He was one of Jane Francioni's supervisors, and he apparently duped her into withdrawing cash from the account on his behalf...
...Francioni's discovery of the embezzlement and her threat to turn him in, prosecutors believe, that prompted Rault to kill her. On the afternoon of March 1, 1982, he asked the young woman for a ride to his C.P.A. night class at L.S.U.'s local campus. Once in Francioni's white Mustang, Rault produced a .25-cal. pistol and shot her in the abdomen. He raped her, beat her and slit her throat with a knife. The two hours of viciousness ended when he dumped her body on the city's east side and set the body afire to cover...
...execution, Jane Francioni's family gathered at their trim lakeside home in Slidell, 30 miles northeast of the city, to console themselves and pray. "We are totally spent," sighed Jane's anguished mother Mary Catherine. "It was we who got the life sentence." Her son Norman expressed the grief of all who were connected to the two deaths: "We're victims, they're victims, everyone's a victim in this...