Archive for April 6th, 2014

Dark markets may be more harmful than high-frequency trading

April 6, 2014
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By John McCrank NEW YORK (Reuters) – Fears that high-speed traders have been rigging the U.S. stock market went mainstream last week thanks to allegations in a book by financial author Michael Lewis, but there may be a more serious threat to investors: the increasing amount of trading that happens outside of exchanges.
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Rush to verify signals in hunt for missing jet

April 6, 2014
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PERTH, Australia (AP) — Three separate but fleeting sounds from deep in the Indian Ocean offered new hope Sunday in the hunt for the missing Malaysia Airlines jet, as officials rushed to determine whether they were signals from the plane’s black boxes before their beacons fall silent.
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Kentucky, UConn to play for national title

April 6, 2014
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ARLINGTON, Texas (AP) — No, this was not an instant replay, though it certainly is turning into a highlight loop that Aaron Harrison and his Kentucky teammates could get used to watching.
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Saudi’s Jarir Q1 net up 11.3 pct despite slower sales growth

April 6, 2014
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DUBAI, April 6 (Reuters) – Saudi Arabia’s Jarir Marketing posted an 11.3 percent increase in first-quarter net profit on Sunday, although slower year-on-year sales growth meant the retailer marginally missed the average view of analysts.
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Saudi’s Riyad Bank Q1 net profit rise 13.5 pct

April 6, 2014
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DUBAI, April 6 (Reuters) – Riyad Bank, Saudi Arabia’s third-largest lender by assets, posted a 13.5 percent increase in first-quarter net profit on Sunday, broadly in line with analysts’ estimates.
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Ship hunting for Malaysia jet detects signal

April 6, 2014
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PERTH, Australia (AP) — Officials on Sunday were trying to confirm whether a “pulse signal” reportedly picked up by a Chinese ship in the Indian Ocean came from the missing Malaysian jetliner.
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Kentucky beats Wisconsin; plays UConn for national championship

April 6, 2014
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ARLINGTON, Texas (AP) — No, this was not an instant replay, though it certainly is turning into a highlight loop that Aaron Harrison and his Kentucky teammates could get used to watching.
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Cement makers Lafarge, Holcim agree on merger plan – media

April 6, 2014
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PARIS (Reuters) – The world’s two largest cement makers, France’s Lafarge and Switzerland’s Holcim , on Saturday agreed on the terms of a merger that would create a company with a stock market value of around $55 billion, French newspaper Le Figaro reported on its website.
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