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S&P warns exchanges-clean up your glitches or else

Red Warning Light

Standard & Poor's has just released a very interesting report with a pointed warning to all the stock exchanges in the U.S.: exchanges that have significantly more technical problems than others could lose market share as investors lose confidence in the exchange.

JPMorgan agrees to pay $200m and admits wrongdoing

A Billion Dollars

The Securities and Exchange Commission has charged JPMorgan Chase & Co. with misstating financial results and lacking effective internal controls to detect and prevent its traders from fraudulently overvaluing investments to conceal hundreds of millions of dollars in trading losses.

BP strikes Azerbaijan gas sales deal

Shaking Hands - Aleš Čerin

BP is at the centre of one of the world's biggest gas sales agreements, worth up to $100bn (£62bn) over 25 years, after signing a deal to supply energy from a Caspian Sea project that could reduce Europe's reliance on Russian fossil fuels.