Title: Mcgowanjm Wire 2012 Source:
[None] URL Source:[None] Published:Feb 26, 2012 Author:Various Post Date:2012-02-26 09:15:13 by A K A Stone Keywords:None Views:1403698 Comments:2390
#136. To: Fred Mertz, mininggold, lucysmom, A K A Stone (#0)
News for AAPL halted news
Wall Street Journal
1. Apple trading halted, resumes
Fortune - 7 seconds ago By Philip Elmer-DeWitt March 23, 2012: 11:53 AM ET The hearts of Apple (AAPL) traders stopped briefly at 10:57 am Friday when the company's share price, ...
1.
Apple Trade on Bats Triggers Circuit Breaker; Stock Rebounds Bloomberg - 31 minutes ago
The reason for the crash apparently is because BATS stock is ony trading on the BATS exchange, where apparently the APPL halt second before also happened. Pretty much tells us all we need to know about the stability of broken market structure. In other news, the stock, and exchange, have now been renamed BATShit - perhaps the VVIX can trade there next or something... And they wonder why nobody trades this farce of a market any more.
By saying Apple sucks. They do. They lock down and cripple their products. That Iphone thing is a PC. Do you think Apple should be able to control the programs on your phone? I don't. I think that is crap.
You do know that limits the phones power don't you. You know having it locked down by Apple. Would you be ok if you could only put a Ford radio in your Ford car?
"…Abbott, who worked as an engineering documentation supervisor on Atlantis, testified before the U.S. Congress in June 2010 that almost 90 percent of the facility’s design and construction drawings weren’t approved by licensed professional engineers, as required by regulators. BP lied to regulators about its engineering certifications to obtain operating permits for the platform, Abbott’s lawyers said in a March 15 filing.
According to Mr. Abbott, a valve failure on the Atlantis could result in a spill that would “dwarf” the size of the 200-million-gallon Macondo release.
Mr. Perry pointed out in the hearing yesterday that the engineering issues aboard the Atlantis are pervasive and he cited past “well-control lapses.” More from Bloomberg:
Perry said today that a BP “service and operations audit,’ which is under seal in the case, showed that 150 of 500 pressure relief valves on Atlantis never received proper sizing calculations to determine if they were the right size. Some of the valves were “under-sized by very large amounts,” Perry said."
…Atlantis has already experienced multiple well-control lapses, during which subsea well valves opened and closed on their own and platform operators temporarily lost the ability to control some wells, Perry said today. Abbott has accused BP of hiding this information from Interior Department regulators to keep production flowing from Atlantis.
Although the allegations were first leveled in 2009, the same dangerous situation exists today. Nothing has been done to rectify the problems, leading Mr. Abbott to ask Judge Hughes “to move quickly to halt production and appoint a special master to oversee measures to ensure the platform is brought into compliance.”
