Friday, October 1, 2010

How a Trading Algorithm Went Awry



How a Trading Algorithm Went Awry
Wall Street Journal
By TOM LAURICELLA, KARA SCANNELL And JENNY STRASBURG The eagerly awaited report on the causes of the May 6 "flash crash" portrayed a market so fragmented and fragile that a single large trade could send stocks into a sudden spiral. ...
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WSJ: Bank of America Suspends Foreclosures
Wall Street Journal
By ROBBIE WHELAN Bank of America Corp. has suspended all foreclosure proceedings in 23 states starting Friday, the latest bank to stall the process amid documentation problems across the country. The Charlotte, NC, lender doesn't know how many ...
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Stocks nudge higher as manufacturing improves
The Associated Press
NEW YORK — Stocks started off October on a positive note following mostly good news on the economy. Shares of big manufacturing companies like Boeing Co., General Electric Co. and 3M Co. rose Friday after the Institute for Supply Management said its ...
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Microsoft sues Motorola over Android phone patents
USA Today
The squabble is over behind-the-scenes software that helps phones synchronize email, calendar and contracts. According to the Associated Press, Microsoft claims that "Motorola licensed some of its mobile technology from 2003 to 2007, but did not renew ...
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USA Today
Factbox: How rich is HP's new CEO's pay package?
Reuters
(Reuters) - Hewlett-Packard Co said it would pay its new chief executive Leo Apotheker a salary of $1.2 million plus shares and a bonus worth up to $6 million per year. * Taking into account stock awards, Apotheker's total pay package may be worth as ...
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WORLD FOREX: Dollar Continues Losing Streak On Fed Official Comments
Wall Street Journal
By Andrew J. Johnson Of DOW JONES NEWSWIRES NEW YORK (Dow Jones)--The dollar fell Friday against all major rivals, with the focus on potential Federal Reserve stimulus diverting attention from encouraging US economic data. ...
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GM, Ford, Chrysler report jumps in September auto sales
Los Angeles Times
Sales in September 2009 had dropped sharply because of the end of the 'cash for clunkers' program. By WJ Hennigan, Los Angeles Times The auto industry continued along its road to recovery from its worst year in nearly three decades as General Motors ...
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62 mpg for new cars? It's the US target for 2025
The Associated Press
WASHINGTON — Cars and trucks averaging 62 miles per gallon? Seems extraordinary now, but the government suggested Friday that automakers could be required to build lineups like that by 2025, making today's high-mileage hybrids seem conventional and ...
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Chinese Stocks in U.S.: PetroChina, Sinopec, Zijin Mining Group
Bloomberg
By Camila Russo - Fri Oct 01 21:29:35 GMT 2010 The following companies were among the most active Chinese shares in New York trading. Stock symbols are in parentheses and prices are as of 4 pm New York time. China Petrochemical Corp. ...
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