| Hello | | | Although the size of MF Global's wager on European sovereign debt has received a great deal of scrutiny, the accounting and the disclosure surrounding it have not–and may have played a role in the firm's demise, writes Vanity Fair's contributing editor Bethany McLean. "The tragic element of Corzine's MF Global is that Monday's bankruptcy filing could have easily been avoided if Corzine's ego and ambition had been held in check by someone -- anyone -- willing to stand up to the former New Jersey governor, senator and senior partner at Goldman Sachs," reports Bloomberg. The ex-CEO of Japan's Olympus Corp said he wanted to meet investigators appointed to probe a scandal engulfing the firm, but added it would not be safe for him to travel to Japan. Groupon's IPO may be the biggest test yet for the nascent private stock exchanges that allow investors to trade the shares of hot start-ups like Facebook Inc before they go public. New directors nominated by an activist investor are leading a push to break up Visteon, even though the auto parts supplier's management has argued against such a move, people familiar with the situation said. | | MF Global accounts shock leaves clients scrambling | November 02, 2011 10:47 AM ET | CHICAGO/NEW YORK (Reuters) - MF Global Holdings Ltd failed to protect customer accounts by keeping them separate from its own funds, said a top U.S. exchange regulator, another shock for commodity markets scrambling to contain fallout from the brokerage's bankruptcy. | Full Article | China Power in $784 million JV with China Coal | November 02, 2011 05:41 AM ET | HONG KONG (Reuters) - State-owned China Power International Development Limited (CPI) said on Wednesday it would form a joint venture with China Coal Energy Co Ltd to build and operate coal-fired power units in Shanxi in northern China with total investment at 4.98 billion yuan ($784 million). | Full Article | | | TOP NEWS
| Greek PM faces Franco-German grilling on referendum | November 02, 2011 09:54 AM ET | PARIS/ATHENS (Reuters) - Greece's prime minister faces a grilling from the leaders of Germany and France on Wednesday after fighting to win the backing of his cabinet to hold a referendum on a 130-billion-euro ($178-billion) bailout package. | Full Article | Wall St gains on jobs data, eyes on Greece, Fed | November 02, 2011 10:47 AM ET | NEW YORK (Reuters) - Upbeat job market data helped stocks bounce off two days of losses on Wednesday, with a crisis meeting about Greece and the end of a U.S. monetary policy session also on investors' minds. | Full Article | Fed to hold steady despite global risks | November 02, 2011 10:46 AM ET | WASHINGTON (Reuters) - The Federal Reserve looks set to take a breather from monetary stimulus measures on Wednesday, even if financial market turbulence heightens the chances of action later. | Full Article | | | TECHNOLOGY NEWS | | | | RELATED VIDEO | | | | | A daily digest of breaking business news, coverage of the US economy, major corporate news and the financial markets. Register Today. | | Your daily briefing on the latest tech developments from around the world from Reuters expert tech correspondents. Register Today. | | The latest Reuters articles on M&A, IPOs, private equity, hedge funds and regulatory updates delivered to your inbox each day.. Register Today. | | » MORE NEWSLETTERS | | ODDLY ENOUGH | | | | | |
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