SEC links program trading to Jan 8 market plunge
The SEC says heavy computer driven program trading helped drive down stock prices on Jan 8, the day the Dow fell 140 points. Of 197.3 million shares traded, 75.4 million were sold after 2:30 p.m. One third of index arbitrage trades occurred after 2:30 p.m. The report, dated April 7, was released by Rep. Edward Markey who seeks volatility controls.
MENTIONED IN THIS ARTICLE
Washington
Securities and Exchange Commission
SEC
New York Stock Exchange
Standard & Poor
Markey
Metal prices update from New York markets
AP reports closing prices on Comex and Merc markets. Gold at 459.40 per troy ounce, Silver 64.22, Platinum 5538.50, Aluminum 109 cents, Copper 96.6 cents, Tin 4.2277, Mercury 335 to 345 per 76 pound flask.
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New York
AT&T faces leadership shift after Olson death
AT&T's Chairman James E. Olson dies of cancer at 62 just days before the Denver shareholders meeting. Acting chairman and president and COO Robert E. Allen, 53, is favored to be named chairman soon, as analysts note Allen's long AT&T tenure and quiet leadership style. The company grapples with morale, a loss-making computer unit, and renewed calls for dividends and foreign market expansion.
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New York
Robert E. Alen
At&T’s
James E. Olson
Olson
Denver
Allen
American Telephone & Telegraph Co
Board of Directors
At&t
United States
TRW reports 32 percent first quarter earnings gain
TRW Inc. posts net earnings of 66 million for the quarter ending March 31 up from 50 million a year ago. Earnings per share rise to 1.07 from 0.81. Sales climb 7 percent to 1.8 billion with space and defense profits up 17 percent and automotive segment up 18 percent while information systems profit falls 36 percent due to lending and maintenance declines.
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TRW
Cleveland
TRW Inc
Lorain County Farm Bureau Sets Grain Prices
Local grain market closing prices show Wheat 2.66 per bushel Shelled corn 2.05 Oats 1.70 Soybeans 5.38 per bushel reported by Lorain County Farm Bureau Cooperative Association Inc.
MENTIONED IN THIS ARTICLE
Lorain County Farm Bureau Cooperative Association, Inc
Creston Auction Reports Mixed Livestock Sale Totals
Creston livestock sale saw 303 consignors move 722 head plus one horse at 72.59. Various hay grades sold from 42.50 to 75 per bale. cattle and calves ranged broadly with steer and heifer prices in the 60s and 70s, feeders at about 60 to 85 cents per pound, and Holsteins topping around mid 60s.
MENTIONED IN THIS ARTICLE
Crestgon
Egg price spans listed for Ohio retailers
Report from Columbus shows eggs offered to retailers with carton delivery across major cities. Prices vary by size from extra large five cents to fifty four cents, large at fifty to fifty three cents, medium around forty one cents, small near thirty one cents.
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Columbus
Ohio
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