September 11, 2012 |
New regulations following Knight Capital Group's nearly fatal computer-trading glitch could make the financial system stronger, the brokerage's chief executive said. “We paid a big price for a better outcome,” Tom Joyce, who is also Knight's chairman, told a Barclays financial services conference in New York. Knight's Aug. 1 trading debacle showed how operational risk, not “regulatory risk,” is the biggest threat facing firms as stock trading has become faster and more computerized, Joyce said.
January 24, 2014 |
A strange combination of a Google glitch and Friday morning's Gmail outage appears to have led to a random Fresno man receiving thousands of unwanted emails. David S. Peck has been getting about 500 emails every hour due to a glitch in Google Search. When users search for " Gmail " and click on "Email," one of the top links, while logged into their Google accounts, a new email compose box opens up with Peck's email already entered into the recipient field.
November 7, 2013 |
Wal-Mart Stores Inc. says a "technical error" caused its website to offer absurdly low pricing Wednesday morning, touching off a buying frenzy that was fueled by bargain hunters on social media. Many products were listed at more than 90% off, with televisions and computer monitors supposedly going for $8, video games for $18, treadmills for $33. Word of the deals spread quickly. "Spent $300 on $5800 (retail pricing) of product on the Walmart ordeal. Hopefully it goes through.
August 27, 2008 |
An electronic communication failure at a Federal Aviation Administration site that processes flight plans for the eastern half of the U.S. caused mass air-traffic delays around the country, especially in the Northeast. But by early evening, the FAA said the situation was returning to normal, with delays remaining in Atlanta and Chicago. The FAA said the glitch appeared to have involved a software problem in Hampton, Ga. FAA spokeswoman Kathleen Bergen in Atlanta said that there were no safety issues and that officials were still able to communicate with pilots.
CALIFORNIA | LOCAL
July 12, 2004 |
A technical glitch at Adelphia Communications Corp.'s Santa Monica facility left 70,000 subscribers without service for about 2 1/2 hours, blacking out CBS' "60 Minutes" interview with Sen. John F. Kerry, a company spokeswoman said. The lack of programming left some subscribers wondering if the socially conservative company had pulled access to a program featuring the Democratic presidential candidate. The Adelphia official said the glitch had nothing to do with politics.
April 24, 2010 |
A controversial new website that shares details of users' credit card and online purchases with their friends on the Internet appears to have done a bit too much sharing. A recent glitch exposed the credit and debit card numbers used in nearly 200 transactions made by four people and revealed in Google search results. Each result displayed a debit or credit card transaction, the amount spent, the location and full card number. Blippy.com founder Philip Kaplan acknowledged the breach Friday.
August 1, 2012 |
NEW YORK - A trading glitch led to some puzzling stock movements on Wall Street, prompting the New York Stock Exchange to cancel some morning trades in six companies' shares. The exchange found "irregular trading" in 148 stocks shortly after the opening bell Wednesday - problems apparently stemming from a technology issue at New Jersey brokerage Knight Capital Group. After conducting a review, the exchange's operator, NYSE Euronext, identified six stocks whose trades "will be busted" if executed at 30% or more above or below their opening prices.
December 13, 1985
Federal Reserve Board Chairman Paul A. Volcker said a programming flaw was responsible for a massive computer failure that left Bank of New York temporarily $30 billion in the red last month. The problem threatened to disrupt the financing of the federal deficit and prompted the biggest federal bank bail-out in history. Bank of New York is one of the major clearinghouses for trading of federal securities. A crisis was averted by a $22.6-billion overnight loan from the Fed to the bank.
CALIFORNIA | LOCAL
May 3, 2001 |
A computer glitch in the Orange County sheriff's 911 dispatch system caused deputies to be sent to the wrong city after a call from Coto de Caza in April, prompting a wide-scale review of the system. The caller, Katherine Dalton Phillips, was strangled two days later, apparently by her boyfriend, but a Sheriff's Department spokesman said the computer mishap did not contribute to the killing. "She did not die as a result of the officer not going to the right address.
CALIFORNIA | LOCAL
January 2, 2000 |
The lights kept shining, the gas kept pumping, the taps kept running, and the parties kept rocking as the most hyped New Year's moment in history finally arrived in Ventura County. Staying up to monitor computer systems through the wee hours on Saturday, officials who had prepared for massive Y2K failures stifled massive yawns. No trouble was reported. Crime also took a holiday.