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Trader on trial over £1.4bn loss

The trial of a former trader accused of causing the largest unauthorised loss in British history - £1.4bn at UBS - will start later.


Stock Market Suggests Victory For Obama

Barack Obama

This next stat is really good news for the president. In 17 of the past 28 elections, there has been an incumbent president running for reelection, like Obama. The incumbent has won 13 of these 17 contests, and in the nine elections where there has been an incumbent and the Dow has gained at least 21% since the prior election, the incumbent has won eight times.


Apple Stock Jumps on $1B Samsung Verdict

Apple’s $1 billion court win against Samsung is translating into a much bigger jump in its market value. Apple shares are up $19, or 2.9 percent, at $682.22 in premarket trading Monday. That boosts Apple Inc.’s market capitalization by $18 billion.


Dow Heads Toward First Weekly Loss in Seven

Stocks inched higher after a mixed reading on orders for durable goods, but the Dow remained on track for its first weekly loss in seven.


Concerns over growth and Europe push markets lower

Concerns over economic growth pushed global markets down on Wednesday, with investors watching meetings between Greek and European leaders for signs the country will get more time to meet its debt reduction targets.


Stocks end higher despite weak China data

Stocks closed Friday higher even as a raft of weak data from China signaled a slowing global economy.


Stock market is ending the week on a sour note

Stock Market

Stocks are opening lower on Wall Street, deflated by signs that the global economic meltdown is being felt across Asia... China reported sharply lower growth in its exports. The so-called fiscal cliff, when U.S. government spending cuts and higher taxes kick in on Jan. 1, looms larger now that the distraction of earnings season is over.


S&P 500 up for fifth session; Wall Street near four-year highs

Stocks edged slightly higher on Thursday, up for a fifth session, on better-than-expected jobless claims and trade data in the United States and hopes of further stimulus action from China's central bank.


Knight losses estimated at $270 million after taxes: CEO letter

Trading losses at Knight Capital Group Inc were about $270 million after taxes from the August 1 software glitch that sent the firm scrambling for a financial lifeline, Chief Executive Tom Joyce told clients in a letter.


Knight nears $400 million capital injection: sources

Knight Capital

Knight Capital Group Inc looked set on Sunday to receive a $400 million capital injection from a group of investors, as it sought a rescue deal to avoid bankruptcy after a crippling $440 million loss, two sources familiar with the situation said.


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