Trading Glitches Strike Wall Street
Wall Street was hit by a messy opening due to apparent trading problems at Knight Capital Group, causing confusion and shares of the market maker to plunge more than 20%
TradeKing Midday Market Call Recap: SPX, VIX, FITB
Recap for Tuesday, July 31 by Kevin CorriganDid you miss Tuesday’s TradeKing Midday Market Call?
MF Global Customers to get Some Money Back
The trustee in charge of returning money to customers from the bankrupt MF Global Holdings Ltd. said customers should get around 90% of their money back, striking a more cautious note than another bankruptcy trustee who expressed confidence that customers will get all their money back.
U.S. Manufacturing Shrinks, Private Hiring Up
Two reports out Wednesday show two views of July economic activity. The U.S. factory sector contracted last month but private businesses added a moderate number of jobs. The reports come on the same day the Federal Reserve ends its two-day policy meeting. The U.S. manufacturing sector contracted
Brazil's Cemig Signs BRL2 Billion Power-Supply Contract With Samarco
Brazil state-controlled utility Cia Energetica de Minas Gerais, or Cemig (CIG, CMIG4.BR), said Wednesday that it signed a 2 billion Brazilian-real ($980 million) contract to provide power for the operations of mining company Samarco Mineracao.
Comcast Reports Higher Profits, Smaller Olympics Loss
Comcast Corp. (CMCSA, CMCSK) reported a 32% increase in second-quarter profits, due in part to its continued broadband growth, and said it is on track to lose less money than previously thought from NBCUniversal's coverage of the 2012 Olympic Games.
S African Banks Vulnerable to Economic Weakness - Fitch
South African banks have weathered the financial crisis in Europe better than most but they remain vulnerable to their operating environment, Fitch Ratings said in a special report Wednesday.
Peru to Decide on Telefonica's Contracts in August -Report
LIMA, Peru--Peru's government is expected to announce in August if it will renew Telefonica del Peru's (TELEFBC1.VL) operating licenses, business newspaper Gestion reported Wednesday.