Cameron Smith News
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Eliminating every trading error is impossible and the way to address malfunctions that have plagued equity markets this year is to improve testing and oversight, industry executives said at a meeting in Washington.
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The Melbourne Storm beat the Canterbury Bulldogs 14-4 to win Australia’s National Rugby League title, securing the championship 2 1/2 years after losing the 2007 and 2009 crowns for salary cap breaches.
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The pricing system used by the majority of U.S. stock exchanges should be banned because it encourages trading aimed only at collecting rebates, according to Jeffrey Sprecher, chief executive officer and chairman of IntercontinentalExchange Inc.
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The majority of Wal-Mart Stores Inc . suppliers say Chief Executive Officer Mike Duke and his managers aren’t explaining their business plans clearly enough, according to a survey.
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Wal-Mart Stores Inc., the world’s largest retailer, is closing its New York apparel office as it works to reduce costs and focus on more basic clothing.
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Judges on both sides of the Atlantic Ocean are moving toward a resolution of the legal dispute blocking the sale of Liverpool soccer club to the owners of baseball’s Boston Red Sox.
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Exchange operator NYSE Euronext and brokers Cowen Group Inc. and Knight Capital Group Inc. told a congressional panel they support a pilot program to increase the minimum-price increment for smaller, less-active stocks as a way of spurring trading.
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Queensland beat New South Wales 34-24 to secure a record-extending sixth straight State of Origin rugby league title and send retiring captain Darren Lockyer out as a winner.
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Queensland’s Greg Inglis scored a record-breaking try as his team beat New South Wales 18-10 in the opening game of Australian rugby league’s State of Origin.
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The top U.S. commodity regulator may hamper markets if it writes rules to stop disruptive trading practices without considering the intent behind a transaction, representatives of high-frequency trading firms said.
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