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Traders work on the floor of the New York Stock Exchange

Insight: Jaded traders ask "What, another crisis?"

When Charles Berry started his career as a bonds trader in 1993, he used to draw "point and figure" charts on pieces of paper. He checked his old charts recently to remind himself how calm markets were in those days. Back then, it took three months for a price to move 200 ticks -- the measure traders use to show changes in futures or currency markets. Now the market moves 400 ticks in a week.
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Insight: Jaded traders ask What, another crisis?

When Charles Berry started his career as a bonds trader in 1993, he used to draw point and figure charts on pieces of paper. He checked his old charts recently to remind himself how calm markets were in those days. Back then, it took three months for a price to move 200 ticks -- the measure traders use to show changes in futures or currency markets. Now the market moves 400 ticks in a week.
Michelle Williams, best actress nominee for her role in "Blue Valentine", arrives at the 83rd Academy Awards in Hollywood

Michelle Williams in "Marilyn" Film Gets NY Debut

"My Week with Marilyn," starring Oscar-nominated actress Michelle Williams as 1950s sex symbol Marilyn Monroe, will see its world premiere at the New York Film Festival in October, organizers said on Thursday.
CNN host Piers Morgan

UK lawmakers pressure Piers Morgan on hacking claims

British lawmakers called on Thursday for CNN talk show host and former tabloid editor Piers Morgan to return to his native Britain to answer questions about phone-hacking after allegations made by the ex-wife of former Beatle Paul McCartney.
Trader on floor of New York Stock Exchange

Dow Plunges More Than 500 Points as Fear Escalates

U.S. stocks plummeted Thursday, following a similarly huge sell-off in Europe, on growing fears that the global economy is sinking into a recession, ahead of worries about tomorrow?s July jobs report.
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Nokia Siemens Networks starts cutting 1,500 jobs

Nokia Siemens Networks has begun cutting 1,500 jobs from the 6,900 staff it acquired with its $1.2 billion acquisition of Motorola's telecoms network unit in April, a spokesman said on Thursday.

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