Wall Street

8:31am

Tue September 10, 2013
Business

Alcoa's Out & Nike's In As Dow Industrials Gets A Facelift

Originally published on Tue September 10, 2013 9:36 am

The Nike "swoosh" on a store in Orlando, Fla.
Getty Images

There aren't many better signs of how much the U.S. economy has changed in recent decades or how some companies are faring than this news:

Alcoa, Hewlett-Packard and Bank of America are being dropped from the Dow Jones Industrial Average in favor of Nike, Visa and Goldman Sachs.

The changes take effect when trading opens on Sept. 23.

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1:50pm

Thu August 29, 2013
Business

Nasdaq Gives Detail On Cause Of Last Week's Trading Halt

People in New York City walk by the Nasdaq stock market one day after the the electronic exchange experienced a a three-hour trading delay due to a technical problem.
Spencer Platt Getty Images

11:22am

Thu August 22, 2013
Business

Nasdaq Resumes Trading After Halt For Technical Problem

Originally published on Thu August 22, 2013 4:16 pm

Andrew Burton Getty Images

(This post was last updated at 6:14 p.m. ET)

Nasdaq has resumed trading in all securities following a prolonged halt Thursday afternoon caused by a technical glitch.

"NASDAQ will first re-open trading in symbols ZVZZT and AAIT with a 15-minute quoting period beginning at 14:30, with trading beginning at approximately 14:45. All other securities will then be released at 14:55 with a 15-minute quote only period with trading resuming at approximately 15:10," the exchange said in a statement.

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1:07am

Fri August 9, 2013
Planet Money

Tourre Juror: 'We Saw Goldman As The Bigger Problem'

Originally published on Fri August 9, 2013 10:06 am

Fabrice Tourre, outside the courtroom. "We didn't feel any malice toward him," one of the jurors said.
Richard Drew AP

Beth Glover was a juror on the trial of former Goldman Sachs trader Fabrice Tourre. When the lawyers were discussing the mortgages tied to the securities at the center of the case, Glover realized that, for all intents and purposes, they were talking about her mortgage.

"When they were looking at the subprime mortgage groupings, I think I would have been in one of those," Glover told me. "I didn't have as great as FICO score at that time."

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2:21pm

Thu August 1, 2013
The Two-Way

Former Goldman Trader Found Liable For Billion-Dollar Fraud

Originally published on Thu August 1, 2013 2:59 pm

Former Goldman Sachs trader Fabrice Tourre walks to a federal court in Manhattan with his attorneys Thursday. A jury found Tourre liable in a massive securities fraud case.
Richard Drew AP

A federal jury in New York City has found that Fabrice Tourre, the former Goldman Sachs trader who regulators say caused investors to lose $1 billion, is liable in the mortgage securities fraud case filed against him by the Securities and Exchange Commission.

Regulators say Tourre, 34, a native of France who was nicknamed "Fab" in his office, packaged toxic subprime mortgages into a collateralized debt obligation that was sold to investors under the name Abacus in 2007.

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