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  • WASHINGTON/ SAN FRANCISCO, April 22- The five years it took regulators to bring high-profile charges against a UK trader underscore how hard it is to spot wrongdoing in fast-developing markets, and may herald problems in detecting future mishaps. Navinder Singh Sarao, 36, was arrested in London on Tuesday, charged with market manipulation and wire fraud.

  • NEW YORK, April 22- The market manipulation case against the British day trader U.S. authorities say helped spur the May 2010 "flash crash" may be the most high-profile to date, but the type of activity he is accused of is actually quite common, market participants say. Navinder Singh Sarao was charged on Tuesday with allegedly using a computer trading program to...

  • *Sarao bought CME seat for $435,000. LONDON/ CHICAGO, April 22- A British man accused of market manipulation that contributed to the May 2010 Wall Street "flash crash" said he opposed being extradited to the United States, while the operator of the market where he traded sought to rebut prosecutors' suggestion that futures helped cause the crash.

  • LONDON/ CHICAGO, April 22- A British man accused of market manipulation that contributed to the May 2010 Wall Street "flash crash" said he opposed being extradited to the United States, while the operator of the market where he traded denied that futures, as prosecutors have argued, caused the crash. Bail for Navinder Singh Sarao, 36, was set at 5 million pounds, along...

  • April 22- A defense attorney for a former Goldman Sachs Group Inc programmer accused of stealing the company's high-frequency trading code told a New York jury on Wednesday that the programmer's actions were not criminal. During his closing argument in the trial in New York state court, lawyer Kevin Marino said it was undisputed that Sergey Aleynikov copied...

  • Morningstar posts 1Q profit Wednesday, 22 Apr 2015 | 4:51 PM ET

    CHICAGO _ Morningstar Inc. on Wednesday reported first-quarter profit of $29.7 million. The Chicago- based company said it had net income of 67 cents per share. This story was generated by Automated Insights using data from Zacks Investment Research.

  • Michigan governor signs bill to aid Detroit bond sale Wednesday, 22 Apr 2015 | 4:23 PM ET

    April 22- Michigan Governor Rick Snyder on Wednesday signed into law a bill aimed at reducing interest rate costs for an upcoming Detroit bond sale. Detroit privately placed $275 million of variable-rate bonds with Barclays Capital to finance its Dec. 10 exit from the biggest-ever municipal bankruptcy. The move is expected to result in investment-grade...

  • CHEEKTOWAGA, N.Y.— A SkyWest airlines flight to Connecticut was diverted, descended steeply and made an emergency landing in New York on Wednesday after a passenger lost consciousness. A SkyWest spokeswoman said one passenger aboard Flight 5622, operating as United Express, lost consciousness and the pilots rapidly descended "out of an abundance of caution."

  • Health law brings growth in food stamps in some states Wednesday, 22 Apr 2015 | 1:01 PM ET

    CHICAGO— President Barack Obama's health care law has had a surprising side effect: In some states, it appears to be enticing more Americans to apply for food stamps, even as the economy improves. West Virginia's food-stamp enrollment increased 4 percent after a Medicaid expansion that was part of the health care changes. Ten of those states expanded their...

  • LONDON/ CHICAGO, April 22- A British trader accused by U.S. authorities of market manipulation that contributed to the May 2010 Wall Street "flash crash" was granted bail by a London court on Wednesday, after saying he opposed extradition to the United States for a trial. Navinder Singh Sarao, 36, will remain jailed in London for at least one night after bail was set at...

  • CHICAGO, April 22- U.S. financial markets' size and complexity were a factor in how long it took to bring charges against a British trader accused of contributing to Wall Street's "flash crash" nearly five years ago, the head of the U.S. Commodity Futures Trading Commission said on Wednesday. "Sometimes it takes a long time to put cases together," CFTC Chairman Tim...

  • BOSTON, April 22- State Street, which sold the first exchange-traded fund in 1993, is falling flat in its bid to win back market share in the ETF industry by wooing advisers to retail investors, with many advisers saying the bank doesn't do enough to support them. State Street, which lost its long-time No. 2 spot among ETF providers in the first quarter to Vanguard...

  • April 22- The arrest of a British trader for his alleged role in the 2010 "flash crash" showed how important it was to protect the integrity of markets, the head of the U.S. Commodity Futures Trading Commission said on Wednesday. "We will do everything in our power to pursue those who attempt to engage in fraud or manipulation in our markets," Chairman Tim Massad said in...

  • Grain lower, livestock lower Wednesday, 22 Apr 2015 | 10:54 AM ET

    CHICAGO— Grain futures were lower Wednesday in early trading on the Chicago Board of Trade. Wheat for July delivery was unchanged at $5.0025 a bushel; July corn was 1.75 cents lower at $3.7825 a bushel; July oats were unchanged at $2.6350 a bushel; while July soybeans was 8.25 cents lower at 9.6850 a bushel. June live cattle was. 82 cent lower at $1.4590 a pound; August...

  • LOS ANGELES— An outbreak of canine flu has sickened more than 1,000 dogs in the Midwest, killing a handful and stirring concern among animal lovers nationwide that the highly contagious virus will sideline their pets. Steve Gilberg, a digital marketer in Chicago, says his 6- year-old pug-Chihuahua mix, Joey, had most of the symptoms: high fever, runny nose, watery...

  • Boeing tops 1Q profit forecasts, airplane deliveries rise Wednesday, 22 Apr 2015 | 7:39 AM ET

    Boeing Co. delivered more commercial airliners in the first quarter, offsetting sluggish results in the defense side of its business and pushing its first-quarter earnings up 38 percent. The profit topped Wall Street expectations, but revenue was below forecasts, and production costs of the Boeing 787 jet continued to pile up. Boeing and European rival...

  • NEW YORK, April 22- As the dollar's rally gained pace since the start of the year, shares of small companies followed, bid up by investors betting that such firms will be largely spared currency headwinds faced by big multinationals. First, the rally made many of the members of the small cap Russell 2000 index expensive. "It's very simple to say small cap is...

  • San Fran housing rent up a sizzling 14.8 pct. in 12 months Wednesday, 22 Apr 2015 | 12:02 AM ET

    WASHINGTON— Almost no one is moving to San Francisco to save money. But average home rent has jumped nearly 15 percent in the past year— to $3,129 last month— according to real estate data firm Zillow. Over the 12 months that ended in March, rents nationally climbed a seasonally adjusted average of 3.7 percent nationally, Zillow reported Wednesday.

  • NEW YORK, April 21- Charges against a high-frequency trader for helping to spark the 2010 "flash crash" present a test of U.S. prosecutors' ability to win a big market manipulation case and may make other traders nervous they may be next, lawyers said on Tuesday. Sarao was arrested in the United Kingdom, after being charged in U.S. District Court in Chicago with fraud...

  • April 21- Discovery of a strain of deadly avian influenza in a large egg-laying facility in Iowa this week was the latest outbreak of the disease in the United States. The H5N2 strain has been discovered in Iowa, Minnesota, Wisconsin, South Dakota, North Dakota, Montana, Kansas, Arkansas, Oregon, Washington, Idaho and Missouri. Following are facts about the U.S. poultry...