Global finance grinds to a halt as Bloomberg terminals black out

April 17, 2015 1:05 PM

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On Friday morning Bloomberg terminals—the connective tissue of global finance—went dark. The issue began around 3:20 a.m. ET and affected deals worldwide, delaying the sale, for instance, of more than $4.5 billion in treasury notes by the United Kingdom’s Debt Management office.

Bloomberg LP, the company that sells the approximately $20,000 data analysis and market news portals called Bloomberg Professional, confirmed to CNBC Friday that its terminals were indeed unavailable across the globe. The company, which makes the overwhelming majority of its money on the more than 3...

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