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Knight Capital

Knight Capital's Woes Continue as Stock Plummets, Issues Defect Market Marker

Knight Capital Group Inc. (NYSE:KCG) saw shares in the company drop precipitously early Monday -- at one point losing over 7 percent of their value -- as the bruised-up broker-dealer continued to pick itself up less than two weeks after a trading algorithm gone berserk saddled the firm with $440 million in losses.

Google Buys Frommer's To Compete With Apple, Yelp

Google Buys Frommer's To Compete With Apple, Yelp
Google has reportedly purchased the rights to the Frommer's travel brand from publisher John Wiley & Sons for an undisclosed sum, according to The Wall Street Journal, presumably to bolster its local reviews of small businesses, restaurants, sights and destinations around the globe. With the combination of Frommer's and Zagat, Google will be able to give audiences plenty of ways to view reviews and/or ratings of local businesses around the world throughout its mobile Android platf...

European Markets Fall On Weak Japan Data

Traders are pictured at their desks in front of the DAX board at the Frankfurt stock exchange
Most of the European markets fell Monday as investors were disappointed to note that the economic growth slowed down in the second quarter in Japan indicating that the global economy continues to falter.
A picture illustration shows Japanese 10,000 yen notes featuring a portrait of Yukichi Fukuzawa, the founding father of modern Japan, taken in Tokyo

Japan’s Quarterly Economic Growth Slows Down To 0.3%

Japan's economic growth slowed down in the April-June quarter compared to the first three months of the year, indicating that the country is losing growth momentum affected by soft global demand and weak consumer spending.
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Asian Markets

Asian Stocks Decline After Chinese Trade Data

Asian stock markets declined for the first time in five days Friday as weaker-than-expected Chinese trade data stoked fears of a growth slowdown in the world's second largest economy.
Chinese one yuan coins are placed on 100 yuan banknotes in this illustrative photograph taken in Beijing

China July Trade Data Disappoints

China reported a trade surplus of $25.1 billion in July amid slower-than-expected growth in exports and imports, raising the concern that the world's second largest economy isn't doing enough to stimulate the economy and avert a slowdown.
Japanese Prime Minister Yoshihiko Noda.

Fitch Warns Japan Of Downgrade If Debt Is Not Lowered

Japanese Prime Minister Yoshihiko Noda survived a no-confidence vote on Thursday, spurred by his proposal to double the consumption tax to 10 percent, in the latest example of a political gridlock that is risking a credit downgrade.
Crude Oil

Crude Oil Futures Advance After China Data

Crude oil futures advanced during the Asian trading hours Thursday after data showed Chinese inflation continued to cooled for a fourth straight month in July, rising hopes for monetary easing measures to support growth.
A Chinese one yuan coin and a 100 yuan banknote are seen in this picture illustration taken in Beijing

China’s Industrial Output Growth Slows Down In July

China’s industrial production grew at a reduced pace in July compared to June indicating that the weakening global demand and the debt burden faced by the euro zone are adversely affecting the country's economy.
Asian Markets

Asian Stock Markets Up On Stimulus Hopes

Asian stock markets advanced for the third straight session on Wednesday as sentiment continued to improve on hopes that the major central banks around the world will soon announce new round of stimulus measures to spur economic growth.

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