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Archive Home > 2008 > September > 15 > How a false news report and clumsy technology sank a stock

How a false news report and clumsy technology sank a stock

By Miguel Helft / The Bulletin
September 15, 2008

SAN FRANCISCO — The swift, sharp and short-lived collapse of United Airlines shares last Monday was followed by a week of finger-pointing.

Investors wiped out $1 billion of the market value of UAL, United’s parent, within minutes of an erroneous news flash on Bloomberg....

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Published daily in Bend, Oregon, by Western Communications, Inc. Copyright 2007.