From HuffPo: The dismissal of an investigation into major media companies
suspected of giving clients a sneak peek at crucial data drew great surprise on
Wall Street, where traders make their living profiting from blips of
information moving at the speed of light.
Federal authorities had been pursuing allegations that
various media companies -- including Bloomberg LP, Thomson Reuters and Dow
Jones and Co. -- leaked key economic data to select investors, the Wall Street
Journal reported Monday. But the investigators dropped the probe, according to
the paper, in part because they could not conclusively determine that investors
were able to use the advance look at the numbers to extract profits….
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