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Wednesday, November 2, 2011

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11/2/2011
News 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.

 

 
LATEST NEWS
Japan not safe for meeting with panel: ex-Olympus CEO
TOKYO (Reuters) - The ex-CEO of Japan's Olympus Corp said on Wednesday 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. | Full Article
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
Analysis: Groupon IPO to test nascent private stock markets
November 02, 2011 10:14 AM ET
SAN FRANCISCO (Reuters) - Groupon Inc'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. | 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
NYSE CEO to meet EU regulators on D. Boerse deal: source
November 02, 2011 08:46 AM ET
BRUSSELS (Reuters) - NYSE Euronext Chief Executive Duncan Niederauer will meet with EU antitrust regulators on November 8 for further talks on its Deutsche Boerse deal, a source familiar with the matter said on Wednesday. | 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
Private sector adds jobs, layoffs slow in October
November 02, 2011 10:06 AM ET
NEW YORK (Reuters) - U.S. private employers added more jobs than expected last month, while planned layoffs dropped sharply, underscoring the view the economy is on a path of slow growth. | 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
FBI interested in regulatory probe of MF Global
November 02, 2011 08:15 AM ET
(Reuters) - The Federal Bureau of Investigation is interested in the investigation of MF Global Holdings Ltd, a person briefed on the matter said on Tuesday. | 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
Sony warns of 4th annual loss; flags $2.2 billion TV loss
UK court rules WikiLeaks's Assange should be extradited
AOL beats expectations, shares rise
Personal navigation devices services help Garmin back on track
Angry Birds tops 500 million downloads
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