Rogue trader linked to UBS $2 billion loss
UBS halted trading and warned of a large loss after authorities arrested 31 year old Kweku Adoboli in London. The unauthorized trading at UBS’s Delta One desk reportedly created a roughly $2 billion hole, reigniting scrutiny of bank risk controls and fueling questions about ongoing market vulnerabilities.
MENTIONED IN THIS ARTICLE
UBS
Lonpbon
Kweku Adoboli
London
Adoboli
Jerome Ker
Tobias Lux
Fionna Swaffield
RBC Capital Markets
LinkedIn
Delta One
Obama energy loan program faced warnings before Solyndra collapse
Washington reports show the Obama administration ignored multiple watchdog warnings about the clean energy loan program. Solyndra Inc received over 528 million in federal loans while internal and external analyses flagged viability concerns and weak controls. White House officials reportedly downplayed critical stories as criticism.
MENTIONED IN THIS ARTICLE
Washington
Obama
White House
California
Energy Department
Solyndra Inc
Silicon Valley
Barack Obama
Fremont
Calif
Solyndra
Associated Press
Greg Nelson
B.S
Nelson
Inspector General
DOE
Government Accountability Office
SAT reading scores hit record low for class of 2011
The College Board released results showing reading scores for the class of 2011 at 497, down three points overall, with math at 514 and critical reading at 489, reflecting a record test taker pool and broader diversity behind the dip.
MENTIONED IN THIS ARTICLE
College Board
Kansas SAT scores slip in 2011 class
Kansas education officials report a drop in SAT scores for the high school class of 2011 linked to more students taking the test. Mean math 598, reading 590, writing 569, with 6 percent of grads testing up from 4 percent. National averages and commentary from education researchers noted.
MENTIONED IN THIS ARTICLE
Topeka
Kansas
Kansas Department of Education
Wayne Camara
College Board
Camara
Gary Phillips
American Institutes of Research
Markets at a Glance Thursday Summary
Dow Jones rose 186.45 to 11433.18 while Nasdaq advanced to 2607.07 and S P 500 gained 20.43 to 1209.11. Treasuries yielded 3.35 percent with the 30 year at 3.35. In commodities corn lost 23.25 cents to 7.01, soybeans fell 24 cents to 13.59, wheat edged up 3 cents to 7.95. Oil gained 49 cents to 89.40.
MENTIONED IN THIS ARTICLE
Dow Industrials
S&p 500
Treasury
Chicago
Kansas City
New York
Inflation Pressures Hit Consumers as Job Market Slows
Washington gauge shows higher prices strain families and limit big purchases while unemployment benefits rise to a three month peak. Mixed manufacturing signals and flat August retail sales hint at a stalled economy, risking further layoffs. Mark Zandi warns the downturn could deepen unless sentiment improves.
MENTIONED IN THIS ARTICLE
Washington
Federal Reserve
Mark Zandi
Moody's Analytics
Conan the Barbarian slips into Trinity lecturer bio spoof
A prankster at Trinity College Dublin posted a mock profile for an English lecturer named Conan T. Barbarian. The spoof used a shirtless Arnold Schwarzenegger image and references to the 1982 film, with claims of an inside job and a famous viral spread.
MENTIONED IN THIS ARTICLE
Dublin
Trinity College
Conan T. Barbarian
Arnold Schwarzenegger
Trinity
Caoimhe Ni Lochlainn
Dr. Barbarian
Schwarzenegger
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Solar Panel
Bob Schaeffer
Dtmade
By Scott Adams
Conan the Barbarian
Pearson
England
Clarks
Eavers
Massachusetts
Weaversinc.com
Hue, Legale
Calvin Klein
Cavers
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