Apple stock in shock collapse

Trading in Apple (NasdaqGS: AAPL - news) shares were briefly halted on Friday after a shock 9pc fall, which some reports said was the result of a "fat-finger error" and others put down to an embarrassing systems glitch.

A single trade of 100 shares at a price of $542.80 in the world's most valuable company hit the tape at 10:57 in New York (Frankfurt: A0DKRK - news) coming from the BATS Exchange.

As the previous transaction seconds earlier was at a price of $598.26, a stock circuit breaker rule was triggered and trading was halted.

“It looks like a fat finger mistake,” Joe Terranova, chief market strategist for Virtus Investment Partners, told CNBC .

However, minutes before the trade, BATS sent an alert stating: “Please be advised that BATS is currently investigating system issues trading in symbols range A through BF.”

The untimely systems glitch occurred on the same day as BATS's stock market debut and also led to erroneous price quotes for the exchange.

Hundreds of trades in BATS shares, which floated at $16 a share and fell to $15.25 before the slew of erroneous trades, had to be cancelled after orders seemed to be filled at prices less than a penny a share.

The trades were later cancelled by Nasdaq (Nasdaq: ^NDX - news) and BATS was forced to declare "self-help," which means an exchange is dealing with internal problems processing trades and needs to send trades through other venues.

BATS, headed by 45-year-old Joe Ratterman, was formed in 2005 by major banks and trading firms looking to break the stranglehold that the NYSE and Nasdaq had on US stock trading.

Trading in Apple shares have resumed.

Source: Yahoo

 

Pop tart Katy Perry left little to the imagination in a sheer ensemble while out and about in Paris on Thursday. While we adore her coral-colored Jimmy Choo handbag and strappy Christian Louboutin sandals, we abhor her tired blue tresses and minty Vera Wang mess of a dress. Oh, and those granny panties ... they belong under sweatpants, not on display during Fashion Week!

Whitney Houston found dead at 48

 

Too many of us—myself included—are guilty of making insensitive jokes about the demise of Whitney Houston, her frail frame, loss of one of pop's purest voices, and battle with drugs.

But none of us are laughing now.
On Saturday, Houston's publicist confirmed to the Associated Press that the award-winning "I Will Always Love You" singer died. She was 48. The timing of her death, the eve of the Grammys, the biggest music event of the year, makes the horrible news even more tragic. According to CNN, Houston was pronounced dead at 3:55 p.m. PT at the Beverly Hilton Hotel.
The Beverly Hilton is the venue for the music industry's most prestigious pre-Grammy party hosted by veteran executive Clive Davis, who discovered Houston.
In an industry flooded with novelty artists, who disappear after scoring one hit, Houston's longevity was unquestioned when she released her debut single, the ballad "You Give Good Love" in February 1985. The song's soothing opening ad-libs displayed her soulful roots while also celebrating her pop sensibilities.

Arfa Karim Randhawa (Urdu: ارفع کریم رندهاوا‎) (2 February 1995 – 14 January 2012), was a Pakistani student and computer prodigy, who in 2004 at the age of nine years became the youngest Microsoft Certified Professional (MCP) in the world, a title she kept until 2008. She was invited by Bill Gates to visit the Microsoft Headquarters in USA. A Science park in Lahore was named after her as Arfa Karim Technology Park.

Reese Witherspoon
Grade: A

Newlywed Reese Witherspoon heated up the red carpet at the 69th Annual Golden Globe Awards in a sizzling strapless Zac Posen creation. The actress topped off her look with a sparkling diamond bracelet and sexy long tresses.