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.
Industry
Federal judge allows FIRREA law interpretation against Bank of America
A federal judge allowed the lawsuit filed by the Justice Department against a unit of Bank of America to proceed by endorsing a broad interpretation of the FIRREA.
President Obama meets with financial market regulators on Wall Street reform law
President Obama met with regulators of the US financial markets to discuss their progress on the implementation of the 2010 Wall Street Reform Law.
Argentina loses appeal in a US court
Argentina lost an appeal in a 2nd district circuit court in New York and deemed to wait until the US Supreme Court had finished reviewing their case.
Brazil Real surges on USD60 billion plan
The central bank of Brazil had created an intervention plan of USD60 billion in loans and foreign currency swaps as inflation threatened the country's economy following the plunged of the real to a four year low this week.
Latest News
Ichiro Suzuki hits record 4000 base hits, a bright spot amidst controversy and suspensions. Last Wednesday, Ichiro Suzuki carved his name into the record books of basebal by hitting his 4,000th career hit.
The peaceful resolution to the stand off at a Decatur, GA school was attributed to Antoinette Tuff. In the most tense moments at McNair Discovery Learning Academy in the past few hours, Antoinette Tuff acted as the messenger and go between for gun toting Michael Brandon Hill and police authorities.
India's richest man Mukesh Ambani lost a total of 24% of his wealth after the valuation of the rupee decreased.
The German private sector showed robust growth in August, according to Markit's PMI survey. The private sector in Germany showed signs of growth. A new survey conducted by financial information services company Markit revealed that the Purchasing Managers' Index (PMI) of Germany's private sector increased to 53.
L'Oreal's planned expansion into China's beauty markets had been burdened with complications as the country mandates animal testing for every new product introduced to Chinese consumers.
Today, Unite US said that it had raised USD2 million in seed funding and plans to launch publicly this fall.
After Everbright Securities Co. made erroneous buy orders of CNY23.4 billion last August 16, the state-backed firm suspended the head of its proprietary trading division.
Sale of existing homes in the United States increased in the month of July, suggesting housing market recovery.
Sergei Shvetsov was named as the head of a new Russian "mega-regulator" to oversee the country's financial markets.
