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Last Call: "You Come at the King, You Best Not Miss..."

01 Aug 2012 EDT - CNBC.com

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“You come at the king, you best not miss...”

-Omar Little, The Wire

-Below, just weeks after lambasting Nasdaq CEO Bob Greifeld over the handling of the Facebook IPO, Knight Capital Group CEO Thomas Joyce has his own mess to clean up.

Market Musings With CNBC Market Guru Robert Hum

Recap: Dow -37.62 (-0.29%) at 12971.06, S&P -4 (-0.29%) at 1375.32, Nasdaq -19.31 (-0.66%) at 2920.21

Stocks see-saw after takes no policy steps, end day with small losses

Major averages lower for 3rd day in a row; Dow back below 13,000

Volatile start to August as Knight Capital software issue impacts morning trading at the NYSE

Closing below $7 on record volume, Knight Capital (KCG) loses $333m in market cap today, falls 33% to a 9-year low

Earnings Central

Yelp Revenues Surge as Users Flock to Services /Reuters with CNBC.com: “Customer reviews website Yelp reported a 67-percent rise in second-quarter revenue, as it expanded into new markets and more mobile users flocked to its services.”

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