Knight Capital Group Inc. (NYSE: KCG), which lost $440 million last week when a trading program it had just installed went berserk, confirmed Monday it reached a $400 million rescue deal that will keep the big market maker in business but hammer existing investors.
The past week was not kind to billionaire Mark Zuckerberg, chairman and CEO of Facebook Inc. Capping it all was word that Zuckerberg had lost his place among the 10 richest technology billionaires, at least temporarily. How can Zuckerberg climb his way back to the top?
With China’s economy continuing to slowdown in 2012 market participants feel it is imperative that stimulus measures be implemented to regain the growth momentum.
The number of fresh arbitration cases filed with the International Center for Settlement of Investment Disputes last year reached its highest level in four decades, the ICSID said in a report last week.
There's one developing storyline in the saga of Knight Capital Group Inc., the Wall Street market maker that lost more than $440 million Wednesday when an automated trading program it had just installed went berserk, that's not being talked about: It is being propped up by the very people it tried to screw over.
Zulfiya Chinshanlo won the gold medal for women's weightlifting at the 2012 London Summer Olympics -- but for whom?
Viacom's total revenue declined by 14 percent in the fiscal third quarter, leading to a net profit loss of 7 percent to $534 million. The dip is mainly due to declines in its film and TV properties, which include Paramount Pictures, MTV and Nickelodeon.
The financial markets were in a full-throttle rally Friday as stocks, bonds, commodities and foreign currencies all rose, following a week of sell-offs amid various policy and economic disappointments.
Republican presidential candidate Mitt Romney fired back at Senate Majority Leader Harry Reid on Thursday, saying the Nevada Democrat needed to "put up or shut up" regarding his claim that Romney had failed to pay taxes.
At a time when the U.K. is in a recession, what will the Olympics mean for the country's sagging economy? Will the event worsen the ongoing recession or help initiate economic recovery?
China's services activity growth recovered in July to the fastest pace in nine months after the slowdown in June, according to the HSBC Purchasing Managers' Index (PMI) released Friday.
The top after-market NYSE gainers Thursday were Mas Tec, LinkedIn Corp, Kodiak Oil, Sunoco and American Water Works Co. The top after-market NYSE losers were Knight Capital Group, Molycorp, Dolby Laboratories, Kayne Anderson MLP Investment and Active Network, Inc.
In a press conference Thursday, European Central Bank President Mario Draghi warned "it's pointless to go short on the euro." The suggestion was lampooned. It turns out, Draghi isn't the only one with that recommendation
While the world considers the broader regional implications of the Syria crisis, the status and position of religious minorities is becoming an increasingly important issue.
The investment at Rikers Island prison is a so-called "social-impact bond", the first of its kind for an American city, and means any potential return for Goldman hinges on the success of a program that will educate, train and counsel inmates aged between 16 and 18.
The Bank of Korea, which already holds the world's seventh-biggest foreign-exchange reserves, is the latest of several central banks to purchase bullion as a hedge against European sovereign debt and tumbling equities.
At each Olympic Games the same scenario unfolds: Organizers and government officials tout the astounding economic benefits. The city, basking in the glow of Olympic pride, goes along with the officials. In the end, however, the so-called benefits rarely surface.
Interestingly, Iran and the Taliban have watched each other warily for the past fifteen years.
China has given a go-ahead for its first major tender of oil and gas blocks in the South China Sea, close on the heels of Beijing establishing a military garrison on a disputed island in the waters.
Research in Motion (RIM.TO) refuted on Wednesday a new round of Indian media reports, which claim that the BlackBerry maker has granted the government the encryption keys to its secure corporate email and messaging services.
Online education may not be able to duplicate the in-classroom experience in every way. But studies have shown that it can effective.
Investors are abandoning equity stocks amid the global economic slowdown and falling corporate revenues during the second quarter, according to multiple reports.
