Daily Archives: May 11, 2012
Facebook News: Nasdaq ran a test of 600 million share trades
There was a glitch when SPLK went on sale and some trades were not executed. In order to avoid any lost trades or debacles next week they conducted a test of 600 million shares but only 300 million trades are exected for FB next week.
Sprint has big plans for small cells
Sprint(s s) plans to make aggressive use of small cells in its future LTE network, launching tens of thousands of tiny high-capacity base stations in high-traffic indoor and outdoor areas in 2013 and 2014. Speaking at briefing at CTIA Wireless in New Orleans, Sprint VP of network development and engineering Iyad Tarazi said the end goal of Sprint’s small-cell efforts is a…
Dirty Money: Is Canada's New $20 Bill 'Pornographic'?
What do you get when you put topless women and an image that looks like the Twin Towers on a Canadian $20 dollar bill? A lot of controversy.
'Whale' Fail: JPMorgan's $2 Billion Blunder Tied to London Trader
Almost immediately after the stock market closed yesterday, JPMorgan Chase asked Wall Street analysts to attend a highly unusual, hastily assembled, postmarket conference call. Speculation was rampant: What could be so urgent? A credit-rating downgrade? A government investigation? CEO Jamie Dimon delivered the now all too familiar sounding bombshell: JPMorgan, the largest bank in the U.S., had suffered a $2 billion trading loss over a recent six-week period on a complex derivatives portfolio — initially designed to reduce risk — that spiraled out of control.
