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Knight Capital heads into make-or-break weekend
Aug 4th, 2012
(Reuters) - Knight Capital Group Inc's future remained in flux as it headed into the weekend trying to clinch a rescue deal, but there was skepticism on Wall Street that one of the largest U.S. equities trading firms would find a suitor before Monday. Knight was plunged into crisis on Wednesday when it lost $440 million, most of its capital, after a software glitch caused it to make thousands of unintended trades on about 140 stocks. Knight said on Thursday it was actively pursuing strategic and financing alternatives. ... (Source: Reuters) -
LONDON (Reuters) - Royal Bank of Scotland said on Wednesday it would not have to issue contingent capital to meet new regulatory demands and expects to meet the requirements through its existing business plan. The state-backed lender said, however, that issuing contingent capital remained an option for the group if it needed to. RBS said it expecte... [Full Article]
NEW DELHI (AP) - Just weeks after a tense border standoff, China's new premier headed to India on Sunday for his first foreign trip as the neighboring giants look to speed up efforts to settle a decades-old boundary dispute and boost economic ties. (Source: Associated Press)... [Full Article]
(Reuters) - Sci-fi movie "Star Trek Into Darkness" journeyed to the top of weekend box office charts as the latest voyage of the Starship Enterprise pulled in $70.6 million at U.S. and Canadian theaters. The new 3D installment in the "Star Trek" franchise knocked the mighty "Iron Man 3" to second place. The superhero s... [Full Article]
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