Oil Crash Busted Broker’s Computers and Inflicted Big LossesSyed Shah usually buys and sells stocks and currencies through his Interactive Brokers account, but he couldn’t resist trying his hand at some oil trading on April 20, the day prices plunged below zero for the first time ever. The day trader, working from his house in a Toronto suburb, figured he couldn’t lose as he spent $2,400 snapping up crude at $3.30 a barrel, and then 50 cents. Then came...6
Warner Music Group Sets IPO Price for Biggest U.S. Launch of the YearWarner Music Group is expected to officially begin trading later this morning on the Nasdaq exchange with its initial public offering carrying a $25 per-share price, which means that the company is realizing an equation valuation of $12.75 billion.