Daily Archives: January 9, 2013

BATS reveals multiyear pricing problem

US stock exchange operator says its systems executed hundreds of thousands of trades beginning in 2008 that may have violated securities rules  More »

Coast Guard: Tanker that hit Bay Bridge was warned

An empty oil tanker that crashed into the San Francisco-Oakland Bay Bridge was warned prior to striking the bridge tower, the Coast Guard said.  More »

Conoco moving West Texas management to Houston

ConocoPhillips is splitting its vast mid-continent business in two and moving managers from Midland to Houston, as part of an internal reorganization, according to a spokesman.  More »

Ex-SAC analyst gets two years probation

Judge Jed Rakoff praised the quality and extent of Mr Wang’s assistance in the insider trading investigation  More »

Bredero Shaw introduces offshore pipe and joint coating package

Bredero Shaw has introduced a packaged combination of products, expertise, infrastructure, and services to cover each stage of an offshore pipeline coating project, from concept to commissioning.  More »

Google sinks $200 million into Texas wind farm

Google has invested $200 million in a West Texas wind farm, which will become a part of the company’s $1 billion renewable energy portfolio, the Internet search giant said Wednesday.  More »

Stocks rise on earnings hopes

Stocks are resuming their new year rally while prices of US sovereign bonds are falling, nudging yields up 1 basis point to 1.86%  More »

Transocean advised of rights at hearing on Gulf spill criminal charge

Swiss drilling contractor Transocean made a brief appearance Wednesday in New Orleans federal court, where a lawyer for the company was advised of the misdemeanor criminal charge the company faces in connection with the 2010 Gulf oil spill.  More »

Arctic standards urged for oil drilling in forbidding region

Engineers, oil industry representatives and environmentalists on Wednesday urged federal regulators to adopt a suite of baseline standards that would govern a new era of oil drilling and possibly production in Arctic waters.  More »

Obama to weigh up executive order on guns

That the president might use the power of his office to take action is a sign of how politically difficult it will be to advance legislation  More »

SEC enforcement chief steps down

Robert Khuzami, the controversial regulator, led insider trading and major bank investigations, some of which were criticised for being too lenient  More »

Morgan Stanley cuts target senior staff

Cuts, which amount to about 6 per cent of the institutional securities group, will target the senior tiers of banking staff, with about half to be made in the US  More »

Hedge funds lock horns over Herbalife

Contest between rival billionaires centres on business model of nutritional supplements company that Bill Ackman says is an illegal ‘pyramid scheme’  More »

UBS’s Orcel admits banks must change

Chief executive of UBS’s investment bank tells MPs that the organisation is in the process of changing the negative elements of its corporate culture  More »

Court clears Chávez ceremony delay

Ruling comes amid a fierce debate between government and opposition camps over whether the socialist leader must attend inauguration  More »
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