Parent Kills Tudor Software: Staff Axed; Vendor For Sale

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New York City-based Tudor Investment Corp. has abruptly clipped the wings of its software-vending subsidiary Tudor Software LLC, determining to sell off the fledgling unit at the earliest opportunity. On March 7, the investment management firm closed the doors to its subsidiary's New York and Chicago offices and sent everyone home, except for a small number of developers who will be packaged with the vendor when it is sold. Tudor Investment officials had considered injecting additional

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