is a nice little collection of curated and tagged economic news stories, 5-8 every day. It is edited in part by the admirable (and MetaFave) financial journalist Felix Salmon
Major market indices fell almost 10% this afternoon before recovering half of that value.
Some blame the failing Greek economy
and the related loss of confidence in the Eurozone. But a lot of attention
is being paid to the role of automated trading systems
. Accenture's stock, for example, dropped from $41 to one penny
in two minutes and then recovered just as quickly. Will this trigger a loss of confidence in automated trading?
Word on the street
is google has filled for an IPO
. Hot Damn!
Qwest Finds Buyer For QwestDex The buyer is a group led by the Carlyle Group and Welsh Carson Anderson & Stowe.
The question is: Why does an investment firm that primarily deals in Defense Contracts want a phone directory company? Tell me I'm just being paranoid.