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Tuesday, May 22, 2012

Reuters Money: MF Global paid Corzine $8 million in year before collapse

Reuters » Money 2012
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05/22/2012
Reuters Election 2012 Daily round-up of the day's top news from the campaign trail, the White House and all the politics in between
MF Global paid Corzine $8 million in year before collapse
(Reuters) - Former MF Global Holdings Ltd chief Jon Corzine received more than $8 million in pay and stock options from the futures brokerage in the year before it went bankrupt.
Greater fools in Facebook circular firing squad: James Saft
(Reuters) - The Facebook IPO, which started as a global search for a greater fool, developed on Monday into a circular firing squad.
What if Europe and U.S. decouple?
CHICAGO (Reuters) - What if, despite conventional wisdom, the United States and Eurozone economies "decoupled?" This suggests that no matter what happens in Greece, Spain and the rest of the beleaguered European nations, the U.S. economy wouldn't be linked to those woes and would continue its mild recovery relatively unimpaired.
America and Syria's "dead man walking": Bernd Debusmann
WASHINGTON (Reuters) - When U.S. President Barack Obama and the leaders of Germany, France, Britain, Canada and the European Union first issued public calls for Syria's President Bashar al-Assad to step down, the death toll in Syria stood at 2,000. That was on in August 18 last year.
Management Tip of the Day: Streamline your company
BOSTON (Reuters) - Businesses, as they grow, tend to become more complex but there are ways to bust through the labyrinth and keep closer tabs on the bottom line, says Harvard Business Review.
Facebook shares sink 11 percent as reality overtakes hype
(Reuters) - Facebook shares sank 11 percent in the first day of trading without the full support of the company's underwriters, leaving some investors down almost 25 percent from where they were Friday and driving others to switch back to more established stocks.
Japan world's top creditor in 2011, 21 years running
TOKYO (Reuters) - Japan was the world's major creditor in 2011, for the 21st consecutive year, reflecting corporations' aggressive foreign acquisitions and Japan's prodigious foreign currency intervention.
Flurry of arguments starts Gupta insider-trading trial
NEW YORK (Reuters) - Former Goldman Sachs director Rajat Gupta "threw away his duties" by divulging bank secrets to hedge fund manager Raj Rajaratnam, a U.S. prosecutor said at the start of Gupta's insider-trading trial on Monday.
Houghton Mifflin files Chapter 11 bankruptcy
(Reuters) - Houghton Mifflin Harcourt Publishers Inc, whose textbooks have been a staple in American schoolhouses for decades, filed for Chapter 11 bankruptcy protection on Monday after agreeing with creditors to eliminate $3.1 billion of debt.
Yahoo clears a hurdle, sells Alibaba stake for $7.1 billion
SHANGHAI/NEW YORK (Reuters) - Yahoo Inc will sell as much as half of its 40 percent stake in Chinese e-commerce powerhouse Alibaba Group for $7.1 billion, ending years of fractious talks over how to extract value from its most prized asset.
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