Inventor John Levine of Nasdaq's exchanges systems said that the stock markets needed to be designed properly following the system breakdown yesterday which halted trading for three hours.
Investors
American Homes 4 Rent to fire employees after loss
American Homes 4 Rent (AMH) announced yesterday that it had fired a group of workers after financial losses were reported in the second quarter of the fiscal year.
JPMorgan evaluates dealings with foreign banks
JP Morgan Chase & Co. said that it would halt receiving any new businesses from foreign banks neither would it accept new clients.
AIG gets USD905 Million from Brookfield in rate-swap clash
American International Group Inc. (AIG) would get a hefty USD905 million settlement from Brookfield Asset Management to resolve a dispute tied to interest rate swaps.
NR Narayana Murthy's son sits as Infosys vice president
Rohan Murthy, son of NR Narayana Murthy, was appointed vice president of Infosys, said people who have direct knowledge regarding the development in the company.
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Christopher Lane, a student on a baseball scholarship in Oklahoma, was shot and killed while jogging by three 'bored' teenagers.
Bats Global Markets Inc. and Direct Edge Holdings LLC had been in merger discussions that would create two of the biggest stock exchanges in the US.
Microsoft CEO Steve Ballmer announced his retirement within the next 12 months through a statement issued on the company's website.
Clayton Dubilier & Rice LLC had raised a total of USD3 billion for its ninth investment pool said sources who were familiar with matter.
Cablevision Systems shares jumped to 42% within an eight week period after speculations on a possible sale heated up and shareholders Paulson & Co. and Gamco Investors Inc. said that a sale is likely.
An analyst said that if JPMorgan Chase & Co would have broken up into its four core businesses, it would be 30% more valuable to its shareholders.
Sources said KKR agreed to buy 63% in Australian healthcare operator GenesisCare. Sources told Reuters that private equity firm Kohlberg Kravis Roberts & Co (KKR) had approved a stake purchase in GenesisCare.
Maple Leaf Foods said it would be selling Rothsay, its rendering and biodiesel business, to Darling International for CAD 645 million.
Ex-SAC Capital fund manager Mathew Martoma was charged with insider trading after having received tips from a source identified as "Doctor-2".
