Athena is the regulator’s first market manipulation case against a firm engaged in high-frequency trading, an industry besieged by accusations that it cheats slower investors.
Global stocks sank with crude while Treasuries and the dollar climbed as concern deepened that global growth is slowing. Bonds from Greece to Spain tumbled.
U.S. stocks extended a worldwide sell-off on deepening concern over the health of the global economy and Netflix Inc. and EBay Inc. dropped after reporting earnings.
Hewlett-Packard Co. is splitting into two companies, using a breakup to become nimbler after failing to keep up with the shift away from the printing and personal- computing businesses it pioneered.
Mobile payments are having a heyday. Apple Pay has been splashed across the news and 20-somethings are paying for taxis with their smartphones. Yet one stalwart risks being left out of the conversation: PayPal.
EBay Inc., the world’s biggest online marketplace, said it would split off its payments arm PayPal, finally bowing to pressure from activist shareholder Carl Icahn after nine months.
