The recent NASDAQ shutdown showed to all the vulnerabilities of the US Stock Market. The recent technological breakdowns have exhibited the vulnerability of the US stock market to these kinds of issues and glitches.
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Levine says backups not enough in stocks
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.
Student killed by three 'bored' teens
Christopher Lane, a student on a baseball scholarship in Oklahoma, was shot and killed while jogging by three 'bored' teenagers.
Goldman Sachs director accused of rape
A confirmed managing director at Goldman Sachs was charged with rape and released on bail. A managing director at Goldman Sachs New York was charged with the rape of a 20 year old woman while on vacation at the upscale Hamptons over the week.
Microsoft CEO Steve Ballmer to retire in the next 12 months
Microsoft CEO Steve Ballmer announced his retirement within the next 12 months through a statement issued on the company's website.
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Former New England Patriot Aaron Hernandez was indicted for murder and stands to lose over USD39 million of salary and bonuses.
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.
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".
Taulia Inc scored a total of USD 18 million for its Series C round led by Lakestar. San Franciso, California-based Taulia Inc bagged USD 18 million for its Series C round.
Harbert Management Corp announced that the interim closing of Harbert Power Fund V so far raised USD 200 million.
Qualcomm inked a definitive agreement to sell subsidiary Omnitracs Inc to Vista Equity Partners in a deal valued at USD 800 million.
Sources said that the most likely bidders for Panasonic’s healthcare unit are KKK, Toshiba Corp and a consortium led by Bain Capital.
Nasdaq officials opted to ensure that no panic trading was to be done when they open after a 3-hour outage.
