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A look at Dark Pools: http://www.cnn.com/video/data/2.0/video/business/2014/09/26/cnn-orig-what-is-wall-street-dark-pool-paul-lamonica.cnn.html
and from Bloomberg:
“The biggest banks created the venues partly to avoid paying stock exchanges for processing trades between their clients. They’ve attracted scorn this year for allegedly letting the speediest traders feast on slower
Gross Loses Pimco Power Struggle With ‘Stunning’ Exit – Bloomberg: “The surprise decision by 70-year-old Gross, whose personal wealth is estimated at $2 billion by the Bloomberg Billionaires Index, marks a turning point in one of the most remarkable careers in money management. Gross personally oversaw more money than any investor on the planet, and was synonymous with the firm he co-founded in
Investor beware. Accounting, despite all it does wonderfully, is never perfect and whether fraud or user error induced, there can be painful missteps for all of us who rely on the accounting system.
Tesco Error Triggers New Profit Warning – WSJ:
“Tesco’s newly installed chief executive, Dave Lewis, said on Monday that the company has uncovered a “serious” accounting issue.
The issue involved