A top discount brokerage, Interactive Brokers LLC, must pay $1.2 million to two Texas siblings who alleged the firm failed to stop “reckless trading” by their trust fund overseer, arbitrators ruled on Tuesday.
South Korea's antitrust body said on Tuesday that it is investigating U.S. database firm Oracle Corp over whether its practice of bundling new software offerings into maintenance services contracts is anticompetitive behavior.
U.S.-based Applied Materials Inc (AMAT.O) on Monday scrapped its $10 billion planned takeover of chip-making gear rival Tokyo Electron Ltd (8035.T) after the deal, a rare foreign bid for a Japanese firm, fell foul of U.S. anti-trust regulators.
A high-frequency trader was arrested in the United Kingdom over his alleged role in the May 2010 "flash crash" that briefly wiped out nearly $1 trillion in market capitalization, the first time authorities have blamed manipulation for the market turbulence.
