Tag Archives: Business
Market Inquiry Focuses on One Trader
Regulators examining the causes of the brief stock market free fall last Thursday are looking closely at heavy selling in the market for stock-index futures by a single trader, beginning 10 minutes before stock prices began to plummet.
Gary Gensler, the chairman of the Commodity Futures Trading Commission, said at a Congressional hearing on Tuesday that [...]
Greece, Out of Ideas, Requests Global Aid
BUSINESS STRATEGY – Describing his country’s economy as “a sinking ship,” Greece’s prime minister formally requested an international bailout on Friday, creating the biggest test so far to the European monetary union.
“We drew up a plan, we took difficult and painful measures,” Prime Minister George A. Papandreou said in a nationally televised address. “But the [...]