What we're reading 'round the Web.
BMO Nesbitt Burns Inc. has agreed to pay a fine of $50,000 resulting from a “clearly erroneous order” on the Toronto Stock Exchange by one of the firm’s traders. (Financial Post)
Activist investor Carl Icahn has upped his stake in health information website WebMD Health Corp. (again) to 13.12 per cent from 11.64 per cent. (New York Times)
Why Facebook’s $1-billion dollar purchase of Instagram (a company with 13 employees and no revenue) is a canny example of playing offence and defence at the same time. (New York Times)
Schlumberger Ltd, the world’s largest oilfield services company, has announced its intention to sell its piping and fitting unit to National Oilwell Varco in a cash deal. (Reuters)
Standard Life has announced it is temporarily suspending new sales of its Guaranteed Lifetime Withdrawal Benefit product (GLWB), the Ideal Income Series. (Advisor.ca)
Indonesia will find it difficult to block DBS Group’s $7.2-billion bid to take over Bank Danamon based on current rules, and any rejection could dent investor sentiment. [Reuters]