Kansas Mutual Fund Is Linked To Market’s Plunge

By NELSON D. SCHWARTZ, New York Times
Fri, 05/14/2010 - 7:30pm

Futures trades by Waddell & Reed, a mutual fund based in Kansas, have been linked to the May 6 “flash crash” of the Dow.

Sections: news business

Retailers report modest gains for April
Americans spent briskly during the early spring months in the latest sign that they’re encouraged by the economic recovery. Falling gas prices, a rallying stock market and gains in the job market all fueled Americans’ shopping habits even as cold weather tempered their desire to buy spring fashions. More
LinkedIn Shares Slide After Disappointing Outlook
LinkedIn's surging share price cooled Friday as the social network projected slower revenue growth next quarter following a decision to lower the number of display ads that the website shows. More
Stocks surge to new highs after hiring climbs
A big gain in the job market is lifting the stock market to new milestones. The Dow Jones industrial average crossed 15,000 for the first time early Friday, and the Standard and Poor's 500 index, a broader market measure, broke through 1,600 for the first time. More
Empire State Building IPO clears NY legal hurdle
A legal challenge to an ambitious plan to let the public buy shares in one of New York City's most famous landmarks — the Empire State Building — was cast aside on Tuesday in a ruling by a Manhattan judge. More
Google searches predict market moves
As the search volume on generic terms such as "debt", "portfolio" and "stocks" fell, the Dow Jones average tended to go up - and vice versa. An investment strategy based on these search volume data between 2004 and 2011 would have made a profit of 326%. More