Valeant Pharmaceuticals experienced a major decline in the market, causing the Sequoia Fund, which is worth about $7.8 billion, to lose around $1.2 billion in value. The Sequoia Fund is managed by Ruane Cunniff & […]
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Tag: NYSE
NYSE Says Software Update, Not Hackers, Caused Wednesday’s Market Failure
A “software update” has been blamed for a “system shutdown” which brought trading at the New York Stock Exchange (NYSE) to a grinding halt on Wednesday. Because the Stock Exchange computer crash occurred on the […]