A bug in JPMorgan’s chief investment office led to discord. A glitch in Nasdaq’s system delayed Facebook’s IPO. The next big insider trading trial opens today. And more, in today’s Wall Street roundup.
Down-tick: The London and New York desks of JPMorgan’s chief investment office had long been at odds, and shouting matches were common Read More
Since breaking into Manhattan in 1998, the Spector Group has immersed itself in some of the city’s most notable design projects, including a series of assignments for NASDAQ, office designs for Internet start-up companies and some of the area’s earliest initiatives for data centers and telecom hotels, some of which are now being converted back to office use. Principal Scott Spector, 49, spoke to The Commercial Observer about one of his family-owned company’s biggest assignments, rebuilding the Winter Garden, as well as ongoing work for NASDAQ and what may be his most imaginative job yet—designing eclectic office space for Quirky.com with repurposed bowling alley materials.
In the parlance of basketball, “and one” for the Department of Justice. Via BusinessWeek, not only has a target of their charges plead guilty to stock fraud, but they also charged him today with multiple instances of insider trading, and he also happens to be the former managing director of Nasdaq. Read More
The Social Network
So the Nasdaq got hacked. Over the weekend, news of a hacker attack on the Nasdaq stock exchange began gathering steam. On Saturday, The Wall Street Journal reported the cybernetic tresspassing, saying the stakes were high: “The Nasdaq situation has set off alarms within the government because of the exchange’s critical role, which Read More
When news of Goldman Sachs $2 billion investment in Facebook first broke, many interpreted it as the final sign of an imminent IPO.
Goldman was injecting cash into Facebook on favorable terms in order to win itself the inside track to manage the IPO, many reasoned.
But NYU professor Scott Galloway has an intruiging theory. He says Read More