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Google introduces updating email

The markets rebounded during the midday with the Dow gaining 55 points to 24,657. Nasdaq rose 22 points to 7004.


Google will introduce new technology that automatically updates emails with new information. Using the software update, an airline will only have to send one email to customers with flight confirmation information. As departure times change, the information will adjust in the original email with no need to send follow-up emails.


An anonymous whistleblower has alleged that trading firms have been manipulating the Cboe Volatility Index to take advantage of investors. A flaw in the way that the index is calculated allows firms to change the index by posting quotes on options without actually executing the trade. The whistleblower claims that billions of dollars per year have been lost by unsuspecting investors.


The third largest shareholder of Xerox has sued to prevent the digital printing solutions provider from merging with Fujifilm. Darwin Deason alleged that an existing joint venture between the two companies, Fuji Xerox, included a lock-up right that was gave Fuji the rights to Xerox's intellectual property in the Asia-Pacific market if Xerox sold its 30% stake in the joint venture to another party. Deason claimed that this agreement dramatically undervalued Xerox while disproportionately favored Fuji.


In the broad market, advancing issues outpaced decliners by a margin of nearly 6 to 5 on both the NYSE and on Nasdaq. The broader S&P 500 rose 6 points to 2,662. Bitcoin tumbled $330 to $8,549.


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