Finance Latest News: SAC Charges Another Win for Machines Over Human Traders

Wochit 1:04 mins

SAC's woes will add to the popularity of letting computers filter social media chatter, crunching massive data sets using third-party sources or writing code to sniff out tiny, fleeting anomalies in price patterns as the new way to gain 'an edge.' Thanks to midrange Nokias devices, Windows Phone has now well and truly become Europe's third smartphone ecosystem -- albeit a long way behind iOS and Android. A judge ruled that Federal Reserve Chairman Ben Bernanke should testify in the lawsuit by AIG's former chief Maurice 'Hank' Greenberg against the United States over the insurer's 2008 bailout. Judge Thomas Wheeler of the U.S. Court of Federal Claims said the Fed chairman was a "central figure" in the decision to bail out AIG.

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