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Why IBM's Watson Supercomputer Can't Speak Slang

IBM Sign

"OMG, that's a bullshit question. Eat one, you doofus." One as-yet-to-be-determined day in the future, computers will talk back to us in this manner. But, thankfully, it would appear that Computers with Attitude are not yet on the near-horizon.

BATS' Latest Issue Bad for Electronic Trading

Depressed - Head In Hands

Stock exchange BATS (the third largest stock exchange) reported that they overcharged members $420,000 from 2008 to 2012 for certain orders. BATS allowed some short-sale trades that in some cases were not executed at the best available price, as required by securities laws.

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People News: Barclays, Royal Bank of Scotland

Barclays has hired Reinhard Koester as a managing director covering specialty finance companies in the United States, according to people familiar with the matter who asked not to be identified because the appointment is not yet public.

Houlihan Lokey Logo Large

Houlihan Lokey files for IPO

Houlihan Lokey, the independent merger-advisory firm, filed for an initial public offering as a surge in dealmaking increases demand for boutique banks.