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

Wochit 1:05 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.' A federal judge said that Mr. Bernanke should have to give a deposition in a lawsuit being brought by the former chief executive of A.I.G., Maurice R. Greenberg, over the rescue of the giant insurer.Judge Thomas C. Wheeler of the United States Court of Federal Claims says that Testimony from the Fed chairman would ?unquestionably? be relevant to the case Two persons familiar with the matter said American Airlines and US Airways will secure EU regulatory approval for their $11 billion merger after agreeing to surrender slots at Heathrow and Philadelphia airports.

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