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Flash Crash Is Pinned on One Trade

Regulators investigating the causes of the May 6 “flash crash” singled out a Midwestern mutual-fund company’s computer-driven trade as the catalyst that sent a shaky market into an unprecedented tailspin. In a joint report on the events of that day, the Securities and Exchange Commission and Commodity Futures Trading Commission […]

Two years and billions later, bank bailout program finally ends

  The Starting Point is a snapshot of the news that occurred overnight and a preview of the stories we expect to cover today. Top story Nearly two years after the United States government bailed out the financial sector, the controversial Troubled Asset Relief Program (TARP) will expire on Oct. […]

Explosions kill at least 7 near Nigeria ceremony

    By BASHIR ADIGUN, Associated Press Writer ABUJA, Nigeria – Two car bombs blew up on Friday as Nigeria celebrated its 50th independence anniversary, killing at least seven people in an unprecedented attack on the capital by suspected militants from the country’s oil region.   The Movement for the […]