Italy prosecutor asks for jail sentences for five S&P managers

An Italian prosecutor has asked for five managers at ratings agency Standard & Poor's to be jailed for up to three years in a probe over alleged market manipulation, a court heard on Friday. Italian prosecutor Michele Ruggiero asked for jail sentences of between two and three years for the managers as well as a fine of 4.6 million euros for the agency. The investigation against Standard & Poor's, as well as rivals Fitch and Moody's, was launched by prosecutors in Trani, southern Italy, i