The New York Stock Exchange cancelled more than two dozen trades of Anadarko Petroleum stock occurring milliseconds before market close on Friday that sent the US independent’s shares down about 99%.
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President Obama quietly signed legislation Monday that rolled back a provision of the STOCK Act that required high-ranking federal employees to disclose their financial information online.
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Porsche tried a hostile takeover of the much larger Volkswagen and failed for a number of reasons, but mainly because the German state has a large stake in Volkswagen and not Porsche. Now the people behind the people behind the debacle are also implicated.
bertb news feed
But is a rising stock market really a sign that the overall economy is rapidly improving as many are suggesting?
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Marc Faber, publisher of the Gloom, Boom & Doom report, talks about the potential impact of President Barack Obama’s reelection on the U.S. economy and financial markets. He speaks with Trish Regan and Adam Johnson on Bloomberg Television’s “Street Smart.”
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Trillions of dollars worth of stock certificates and other paper securities that were stored in a vault in lower Manhattan may have suffered water damage from Superstorm Sandy.
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The New York Stock Exchange will be closed completely Monday and possibly even Tuesday due to the imminent arrival of Hurricane Sandy, its operator said.
bertb news feed
In a bid to ease international concerns over its nuclear program, Iran has converted more than a third of Tehran’s most highly enriched uranium into a powder for a medical research reactor that is difficult to reprocess for weapons production, experts and UN monitors say.
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Duh! High-frequency trading now accounts for 50-70 percent of the volume on markets each day. It has turned most share purchases into acts lasting a second or less, rather than investments that can span days, months and years.
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