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Updated: 5 hours 8 min ago

Knight Capital’s Punishment: Free Market Justice at Its Best

Thu, 08/02/2012 - 11:50am
Less than 24 hours after it's trading error Knight Capital as it existed on Tuesday has ceased to exist. There isn't a regulatory body on earth capable of meting out justice with such merciless efficiency.

Why Facebook Is Actually Worth More Than You Think

Thu, 08/02/2012 - 11:50am
There is a lot of confusion about one very important metric for Facebook -- the number of shares of stock that are outstanding.

San Bernardino Files for Chapter 9 Bankruptcy

Thu, 08/02/2012 - 11:50am
San Bernardino officials have filed an emergency petition for Chapter 9 bankruptcy in response to the $45.8 million budget deficit the city faces this year.

Bristol-Myers Exec Charged With Insider Trading

Thu, 08/02/2012 - 11:50am
A Bristol-Myers Squibb executive has been charged with insider trading.

Should Minimum Wage Be Raised $10/Hour?

Thu, 08/02/2012 - 10:55am
Dean Baker, co-director of the Center for Economic and Policy Research, says raising the country's minimum wage from $7.25 an hour to almost $10 would go a long way in stimulating consumer demand and jobs growth.

Stocks Slump With No Concrete Action in Europe

Thu, 08/02/2012 - 10:55am
U.S. stocks are sliding after the European Central Bank failed to take any decisive action for solving the region's debt crisis.

Wal-Mart Ensures Customers' Voices Are Heard by Campaigns

Thu, 08/02/2012 - 10:55am
America's biggest private employer is becoming more sophisticated in its dealings with government, co-sponsoring events with a range of advocacy groups.

Should You Insure Your Portfolio With Options?

Thu, 08/02/2012 - 10:55am
Steve Crutchfield, CEO of NYSE Amex Options, estimates the majority of professional money managers still go freestyle when it comes to protecting their portfolios.

Discounts Help U.S. Chains Lure Shoppers in July

Thu, 08/02/2012 - 10:55am
Discounts drew shoppers to malls in July, helping many retailers report healthy sales gains in what is typically a clearance month heading into the back-to-school season.

U.S. Factory Orders Slip 0.5% in June

Thu, 08/02/2012 - 10:55am
Orders to US factory fell 0.5 percent in June, indicating further slowdown in manufacturing.

Draghi: ECB Drawing Up Plans for Bond Purchases

Thu, 08/02/2012 - 9:40am
The European Central Bank will draw up a mechanism in the coming weeks to make outright purchases to stabilize stressed euro zone borrowing costs.

Knight Seeks Financing After $440 Million Trading Loss

Thu, 08/02/2012 - 9:40am
Trading firm Knight Capital is being forced to raise money after an erroneous trading position wiped out $440 million of the firm's capital.

Fed Hints at More Action -- What are They Waiting For?

Thu, 08/02/2012 - 9:40am
"No matter what the ECB does, we're still looking at a weak growth picture and high unemployment well into 2013, perhaps into 2014," says Dean Baker, co-director of the Center for Economic and Policy Research.

Jobless Claims Rise Less Than Expected

Thu, 08/02/2012 - 9:40am
The number of Americans filing new claims for jobless benefits rose less than expected last week, but the data continues to be influenced by distortions from seasonal auto shutdowns.

GM Profit Falls 41% on Weakness in Europe

Thu, 08/02/2012 - 9:40am
A big loss in Europe dragged down General Motors' second-quarter profit. The automaker's net income from April through June fell 41% to $1.5 billion.

Kellogg Earnings Fall, Revenue Edges Up

Thu, 08/02/2012 - 9:40am
Rising costs and weakness in Europe pulled down Kellogg's second-quarter net income, but the breakfast giant's revenue rose thanks to sales of Pop-Tarts and strength in North America.

China Cuts Fees, Urges Buybacks to Revive Ailing Market

Thu, 08/02/2012 - 7:45am
China's securities regulator stepped up efforts to restore confidence in the country's sagging equities markets, making another round of cuts to transaction fees and encouraging companies to buy back their own stock.

Employers to Raise Worker Pay by 2.9% Next Year

Thu, 08/02/2012 - 7:45am
Approximately 98% of the 1,500 mid-sized and large employers surveyed by consulting firm Mercer said they plan to increase salaries in 2013.

Fidelity: 401(k) Average Balance Slips 2%

Thu, 08/02/2012 - 7:45am
Workers continued to stash more money in their 401(k) plans in the second quarter, but the stock market's modest decline left them slightly further behind.

P&G's McDonald Risks Giving Ackman Ammo With Sales Drop

Thu, 08/02/2012 - 7:45am
Procter & Gamble CEO Bob McDonald risks giving activist investor Bill Ackman more ammunition to press for management change.

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