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2012-06-02 07:58:09

Technological glitches that helped taint Facebook's $16 billion initial public offering last month have some investors miffed at Nasdaq, and some are arguing that the U.S.-based stock exchange isn't going enough to soothe the hard feelings or ease the concerns of jilted investors. In a June 1 article, Reuters reporter John McCrank wrote "the exchange has done little to conciliate market making clients - a number of which lost tens of millions of dollars each due to the trading problems"...


Word of the Day
caparison
  • A cloth or covering, more or less ornamented, laid over the saddle or furniture of a horse, especially of a sumpter-horse or horse of state.
  • Clothing, especially sumptuous clothing; equipment; outfit.
  • To cover with a caparison, as a horse.
  • To dress sumptuously; adorn with rich dress.
This word ultimately comes from the Medieval Latin 'cappa,' cloak.
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