16 Wall Street firms fined $1.8B for using private text apps, lying about it
The banks and brokerages were fined because employees were messaging and texting with clients without recording the communications, as required.
"wall street" news, interviews, and features
News about wall street
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Investors worry party is ending as US tech stocks wobble
A deep sell-off on U.S. stock tech markets left some investors worrying how much longer those high-flying stocks' market leadership would last.
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Wall Street Beat: Hardware, chip sales shine
Upbeat sales reports and forecasts continue to pour in for the PC and chip market, offering yet more evidence that economic recovery has already spurred a worldwide resurgence in spending on hardware.
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Wall Street Beat: IT leads market rally
Are shares of IT vendors set to rise again? Fueled by strong sales reports from Lenovo and NetApp, tech stocks led a broad market rally Thursday that was generally ascribed to news about China's confidence in Europe, which faces a debt crisis in Greece and other Mediterranean countries.
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Wall Street to install 'circuit breaker' to head off market gyrations
Regulators plan to enact new rules to curb the type of market volatility behind the May 6 "flash crash" that caused the Dow to plunge almost 1,000 points in a half hour. The goal is to head off market gyrations that can be exacerbated by automated high-speed trading.
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Mac sales to set another record, says analyst
Apple will report selling another record number of Macs in the final quarter of 2009 when it unveils its financial figures later this month, a Wall Street analyst said Thursday in a note to clients.
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Wall Street Beat: After yearly high, doubts remain for tech
In a tumultuous week on the market, the attention of IT investors was captured by a mixed bag of acquisition activity and earnings news from the hardware and chip arena -- a sector that is supposed to help lead tech out of the recession.
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Programmer steals Wall Street trading code, FBI alleges
A high-level developer for a major Wall Street firm was arrested by the FBI on Friday and charged with stealing computer code that automates high-volume trading on stock and commodities markets, according to court documents.
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Sun blames Wall Street for $1.7B loss
Blaming the downturn in the financial sector, Sun Microsystems reported a US$1.68 billion loss for its most recent fiscal quarter on Thursday.
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IT security spending not darkened by economic gloom
The global financial crisis so visible this past month is beginning to take its toll on information-technology spending, though IT security spending is expected to be spared in what many think will be a dismal coming year.
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Open sourcing code may improve transparency on Wall Street
The full depth of IT's involvement in Wall Street's meltdown is unknown, but one plan to stop it from happening again calls upon a growing IT trend: open source.
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Wall Street's collapse puts US IT spending in (some) peril
The overall economic cost of Wall Street's collapse has yet to be totaled. But it's clear that IT departments will be laboring under some changed conditions in the months ahead.
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The tech sector's silent alarm: Venture capital drying up
The tech sector is experiencing a crash -- not of stock prices, which rebounded somewhat on Wall Street on Tuesday -- but in its ability to take new companies public.
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Black Monday hits tech stocks, likely to affect US IT workforce
Wall Street's 777-point sell-off on Monday signaled that the US tech sector is unlikely to emerge unscathed by the economic downturn -- with companies being hit in unexpected ways. Just look what happened to Apple, which has been performing strongly in recent quarters.
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