That rather ominous sounding pronouncement comes from Joseph Saluzzi, co-head of equity trading at Themis Trading LLC in Chatham, N.J., in a Bloomberg News report about what happened early this morning on Wall Street.
Mobile devices are key to Facebook's growth potential. Can it deliver?
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Update at 4:33 p.m. ET. Right At Expectations:
Facebook reported slightly stronger than expected profits. For the second quarter, it reported a net loss of $157 million or 11 cents a share. But when it adjusted its earnings to remove stock compensation charges related to its IPO, Reuters reports, Facebook actually made 12 cents a share.
Rajat Gupta on Wednesday as he arrived at the federal courthouse in Manhattan.
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"Rajat Gupta, who reached the pinnacle of corporate America as managing partner of McKinsey & Co. and was a director at Goldman Sachs Group Inc. and Procter & Gamble, was convicted by a federal jury of leaking inside information to hedge-fund manager Raj Rajaratnam," Bloomberg News writes.
Since entering the sport at age 25, Evelyn Stevens (right) has risen to the elite ranks of women's cycling. In April, she passed top rival Marianne Vos of Holland on her way to winning the Fleche Wallonne race in Belgium.
Four years ago, Evelyn Stevens was working as a Wall Street investment banker and just starting to race bicycles. But she rose through the cycling ranks quickly, and next month she will represent the United States at the Olympic Games in London.
On a recent muggy morning in busy Central Park, Stevens easily weaves her bicycle through many obstacles.
"There's the horse carriages, there's the bike buggies, there's the Rollerbladers," she says, "the people on their bikes training, the five gajillion joggers, the hot dog stands, the dogs — there's a lot going in."