Daily Investor Briefing: Wall Street posts first big loss of...

Click to View in Browser 03/6/2012 Wall Street posts first big loss of 2012 NEW YORK (Reuters) - The Dow dropped more than 200 points on Tuesday, handing Wall Street its worst day in almost three months on renewed fears of a disorderly default in Greece and concerns that China's slowdown would hit global growth. Stanford guilty of bilking investors of billions HOUSTON (Reuters) - Allen Stanford was convicted on Tuesday of running a $7 billion Ponzi scheme, a verdict that caps a riches-to-rags trajectory for the former Texas financier and Caribbean playboy. Athens, creditor group turn up heat on Greek bondholders LONDON/ATHENS (Reuters) - Athens turned up the heat on its creditors on Tuesday as it sought to secure a bond swap that will cut its mountainous debt, while the main bondholders group warned a disorderly default would cause more than a trillion euros of damage to the euro zone. Lehman emerges from 3.5-year bankruptcy (Reuters) - One-time financial powerhouse Lehman Brothers said it emerged from bankruptcy on Tuesday and is now a liquidating company whose main business in the coming years will be paying back its creditors and investors. Companies turn to bankruptcy again - and again NEW YORK (Reuters) - Bankruptcy can be just about as traumatic as it gets for a company, its employees, customers, and suppliers. The only thing worse - going through it again, and again. Apple's next iPad may be a 4G game changer SAN FRANCISCO/NEW YORK (Reuters) - Apple Inc is betting a 4G-equipped iPad will tempt more U.S. consumers to pay extra to watch high-quality video on the go, and in turn, give Verizon Wireless and AT&T Inc a revenue boost. More corporate crime charges coming: Attorney General Holder WASHINGTON (Reuters) - The Justice Department plans to take action in the coming months against individuals involved in corporate fraud, Attorney General Eric Holder said on Tuesday, adding that fines against companies are not enough of a deterrent. Molson Coors to launch new beers in quest to spur sales (Reuters) - Molson Coors Brewing Co said on Tuesday it will launch Coors Light Iced Tea and other new products, as the beer company fights to win a greater share of the struggling beer market. Obama offers mortgage relief to millions of homeowners WASHINGTON (Reuters) - President Barack Obama on Tuesday announced a cut in fees on many government-backed mortgages that he said could help millions of homeowners refinance, part of an election-year push to boost the shaky housing market. Hasbro cuts 170 jobs, mostly in U.S. and Canada NEW YORK (Reuters) - Hasbro Inc is cutting about 170 jobs as the second-largest U.S. toy company tries to recover from sluggish sales during the holiday season. Related Video Oreo stays fresh at 100 years old Mobile money nearing its moment Related News Wall Street's bonuses fell 25 percent in 2011 Targeting China's consumers as growth slows A daily digest of breaking business news, coverage of the US economy, major corporate news and the financial markets. 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 - 3 Times Square New York, NY 10036 USA © Copyright 2010 Thomson Reuters Ensure delivery of Reuters Newsmails, add mail@nl.reuters.com to your address book. Details Subscribe to other Reuters newsletters. Unsubscribe from this newsletter. Follow us on Twitter Friend us on Facebook Forward to a friend