He added that an Office of Fair Trading report on the matter found three contributory factors.
In response to calls for an annual Office of Fair Trading report on the impact on competition, Ms Cooper said that the government had held talks with the OFT and recognised that Northern Rock should not "enjoy inappropriate unfair competition" with other banks or building societies.
Lehman Brothers sank 10% in trading Monday after a report that it had been shut out of trading some energy contracts by Platts, a pricing service, on counterparty concerns.
Its shares did tumble 1.5% in the immediate morning trading following the report, however.
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Shares were up 2.7% in morning trading after the report.
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To offset the losses Japanese corporations saw on the back of a rising yen, companies like Olympus began dealing highly speculative securities, such as derivatives trading, the report said.
In after hours trading following the earnings report Baidu briefly dipped before gaining 1.3%.
Speculators added to their net-long gold position in the disaggregated commitment of traders report released by the Commodity Futures Trading Commission, but cut positions slightly in the legacy report.
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Safeway became the first of the UK's main foodstore chains to report on Christmas trading.
Homebuilder Lennar (LEN) beat earnings expectations, but shares were trading lower today despite that report.
Wall Street finished mixed on Monday after record oil and a weak manufacturing report had stocks trading lower.
An external report into the trading losses, which was completed this week, contains sharp words about the quality of NatWest's management.
Some answers may emerge in late March when former FBI director Louis Freeh releases a report on the trading surrounding Semgroup's demise.
Shares of the energy company are trading higher today despite that report.
Interdigital shares are trading sharply lower on a report that bids for the mobile sector intellectual property play are coming in way below previous Street expectations.
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The dollar index weakened by 0.5% against a basket of trading partners ahead of a report expected to reveal a rebound from a six-month low for existing home sales.
New York Times Co. shares jumped sharply this morning as trading opened thanks to a report that a group of investors headed by entrepreneur Aaron Kushner is making an unsolicited bid for the Boston Globe.
Then yen dropped 4.7% to 79.39 against the dollar by 3:00 p.m. in Tokyo, after hitting a post-World War II high of 75.31 in early trading, according to a Bloomberg report.
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For those who have followed the story, reading Dimon cop to major mistakes is no surprise given the hefty losses, multiple congressional hearings and scathing Senate subcommittee report sparked by the trading scandal.
Research In Motion shares are trading higher Tuesday morning on a report that CEO Thorstein Heins said the company is mulling the sale of its hardware production unit, among other strategic options.
With Apple shares getting crushed in late trading following a December quarter earnings report that featured lighter-than-expected revenues, disappointing iPhone sales and March quarter guidance well short of Street expectations, there is going to be increasing heat from investors to do something to boost shareholder sentiment on the stock.
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They also report results for no frictional trading in Figure 2, which brings the strategy results closer together.
Baidu Inc. (BIDU) is slated to release its much-anticipated third-quarter earnings report after the close of trading this afternoon.
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The optical networking sector is trading lower Thursday following a disappointing financial report and outlook last night from Finisar.
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Shipping concern DryShips Inc. (DRYS) is scheduled to release its third-quarter earnings report after the close of trading this afternoon.
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Autodesk shares are trading modestly higher in after-hours trading on Thursday following a mixed earnings report for the fiscal third quarter ended October 31.
Activision Blizzard Inc. (ATVI) is on deck to release its first-quarter earnings report after the close of trading tonight, and the video game publisher may have a hard time impressing Wall Street.
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The weekly report from the Commodity Futures Trading Commission showed speculative traders cut bullish exposure in all metals markets in both its legacy and disaggregated commitment of traders reports, futures and options combined.
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Groupon shares are trading higher ahead of its fourth quarter earnings report after markets close today.
Trimble Navigation shares are trading lower Wednesday despite a solid Q4 financial report that edged Street estimates.
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