High-frequency firms deploying fast computers made $7.2 billion in trading profits in 2009. After the May 6 10-minute crash, regulators are studying how to put the brakes on.
Blackstone Group LP’s credit arm agreed to acquire a group of housing development sites from Hovnanian Enterprises Inc. with plans to sell them back to the homebuilder under a $125 million deal.
Natcore Technology Inc. , a Red Bank, New Jersey-based solar energy technology company, will deliver its first anti-reflective coating system for testing by the Chinese cell maker Hunan TLNZ Solar Technology Co.
Hovnanian Enterprises Inc., the largest homebuilder in New Jersey, plans to sell 25 million shares to buy debt.
Clarence Clemons, the saxophonist known as the “Big Man” who had been a featured performer with Bruce Springsteen and the E Street Band since the 1970s, has died. He was 69.