Wall Street

4:31am

Sat August 18, 2012
Business

In Wall Street 2.0, Computers Are King

Originally published on Sat August 18, 2012 1:03 pm

Weekend Edition Saturday host Scott Simon talks to Sean Gourley, physicist and founder of quid.com, about the computers that trade stock shares faster than human minds can comprehend.

1:09pm

Thu August 2, 2012
The Two-Way

Knight Capital Says It Lost $440 Million Because Of Computer Glitch

Originally published on Thu August 2, 2012 1:39 pm

Remember the computer glitch that caused market turmoil Wednesday morning?

As we told you, it was caused by a computer glitch that accidentally forced Knight Capital Group to buy a great number of stocks.

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10:48am

Wed August 1, 2012
The Two-Way

Sharp Swings In Stocks Renew Concerns About Computer Trading

Originally published on Wed August 1, 2012 1:58 pm

"August 1st will be another day that will destroy investor confidence just like the May 6th [2010] flash crash."

That rather ominous sounding pronouncement comes from Joseph Saluzzi, co-head of equity trading at Themis Trading LLC in Chatham, N.J., in a Bloomberg News report about what happened early this morning on Wall Street.

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11:33am

Thu July 26, 2012
The Two-Way

How's Facebook Really Doing? Investors Will Soon Find Out

Originally published on Thu July 26, 2012 2:41 pm

Mobile devices are key to Facebook's growth potential. Can it deliver?
Karen Bleier AFP/Getty Images

Update at 4:33 p.m. ET. Right At Expectations:

Facebook reported slightly stronger than expected profits. For the second quarter, it reported a net loss of $157 million or 11 cents a share. But when it adjusted its earnings to remove stock compensation charges related to its IPO, Reuters reports, Facebook actually made 12 cents a share.

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10:10am

Fri June 15, 2012
The Two-Way

Rajat Gupta Guilty In Insider Trading Case

Rajat Gupta on Wednesday as he arrived at the federal courthouse in Manhattan.
Emmanuel Dunand AFP/Getty Images

"Rajat Gupta, who reached the pinnacle of corporate America as managing partner of McKinsey & Co. and was a director at Goldman Sachs Group Inc. and Procter & Gamble, was convicted by a federal jury of leaking inside information to hedge-fund manager Raj Rajaratnam," Bloomberg News writes.

The Associated Press recaps the case:

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