After a few updates yesterday citing a technical issue as the reason behind an almost four-hour blackout on its trading floor, the New York Stock Exchange is adding new information about the incident, blaming it on a software upgrade.
UPDATE 2: The New York Stock Exchanged reopened today shortly after 3 p.m. ET and resumed floor trading.
It’s no secret that consumer financial data is valuable: it determines if you get better rates on loans and allows lenders to predict the likelihood you’ll pay back debts. While we can’t necessarily put a price tag on that data (yet), we now know that one of the largest companies to collect that information is worth a bundle – 4 billion bundles, in fact. [More]
Earlier today, Bloomberg News cited two unnamed sources who said that doomed electronics retailer RadioShack was in talks with Sprint to sell about half of its 4,300 retail locations to the mobile phone company and close the rest. After sending the company a letter warning that it could be delisted, the New York Stock Exchange has now started the process to kick the company off the exchange. [More]