Nasdaq OMX Group Inc (NASDAQ:NDAQ) has released details about the software bug that led to a halt in trading on the exchange on August 22. The exchange said that the trading outage was caused by "latent software flaws" in the Securities Information Processor, or SIP. The initial findings report shows that a confluence of events led to the closing of the exchange last week.
The trend conscious Los Angeles Police Department, announcing the testing of electric cars from Tesla and BMW, wants to start a new trend that they hope will sweep the... Read More
Leon Cooperman's Omega Capital Partners is down 4.2% net of fees YTD through the end of April. The fund was up 1.8% last month, according to an investor update... Read More
Chesapeake Energy Group (NYSE:CHK) may reconsider the sale of Chesapeake Midstream Partners LP (NYSE:CHKM). The firm was spun off from Chesapeake two years ago and Chesapeake is planning on... Read More
Multi-industry companies like General Electric Company (NYSE:GE) and 3M Co (NYSE:MMM) are at the high end of their historical valuation range, but this is also the point of the... Read More
We live in an outwardly tranquil point in stock market history, judging by observed market volatility. It is a financial environment that would appear to be a “World Without... Read More
Activist hedge funds are partnering with institutional investors to an unprecedented degree and “no company can consider itself immune,” opined lawyer Martin Lipton, a well-known corporate advocate who operates... Read More
BGCP: Severe Undervaluation Plus A 7% Yield Equal 57% Upside by Nathanael A. Stewart, CFA - Opus Capital Management Case Study: BGC Partners, Inc. (BGCP) Before we get started on BGCP,... Read More
Five Reactions To Dianne Feinstein Finally Finding Something About The NSA To Get Angry About (via Techdirt) Dianne Feinstein, the NSA's biggest defender in the Senate (which is ridiculous since... Read More
Calling the rise of small states amid a world of globalization a key megatrend, a new report from Credit Suisse notes a negative correlation between size and a country’s... Read More
The Coca-Cola Co (NYSE:KO) is running its business, well, like the U.S. government and many households before the 2008 financial crash: They are spending more than their existing revenues can... Read More
