India's Wipro shares dive after business split

Shares in India's third-biggest software firm Wipro tumbled more than 11 percent on Tuesday, its first day of trading as a standalone IT company since it hived off other businesses into a separate unit.

Intelsat plans scaled-back IPO in New York (Update)

Satellite operator Intelsat Global Holdings revived Tuesday its plan for an initial public offering on the New York Stock Exchange, aiming to raise up to $710 million, less than half of what it envisioned last year.

Facebook to be part of Nasdaq 100 index

Facebook will become part of the Nasdaq 100 index of the largest non-financial companies listed on the electronic exchange, the market operator said Wednesday.

Knight Capital jumps on Getco buyout offer

Four months after a major software malfunction at Knight Capital Group roiled markets and threatened the company's survival, a rival trading firm stepped in with an offer to buy Knight at a steep premium.

'Hurricane Sandy's worst online troll' gets a beating

An influential netizen came under angry scrutiny Tuesday after dramatic information he announced on his widely-followed Twitter account at the peak of deadly superstorm Sandy was found to be false.

Knight Capital's software snag causes big 3Q loss

The Knight Capital Group Inc. trading firm said it lost $764.3 million in the third quarter because of a software glitch that flooded the stock market with trades one day in August, causing dozens of stocks to fluctuate wildly.

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