Former New Jersey governor Jon Corzine, moving from success to success : MF Global Holdings Ltd., the futures broker run by Jon Corzine, was suspended from conducting new business with the New York Federal Reserve today after posting a record loss. The firm’s board met through the weekend in New York to consider options including a sale to avert failure, according to a person with direct knowledge of the situation. It was stopped from doing new business with the New York Fed until it shows it’s able to fulfill its responsibilities as a primary dealer, according to a statement on the regulator’s website. Trading in MF Global’s stock was also halted. . . . MF Global may file for Chapter 11 bankruptcy protection as soon as today and sell assets to Interactive Brokers Group Inc., the Wall Street Journal reported on its website, citing a person familiar with the matter it did not identify. Keep reading this post . . .
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Large Institution Run by Jon Corzine Posts Record Loss Again
NEW YORK (AP) — Four New York Times journalists who were reported missing while covering the Libya conflict have been found, the newspaper said Friday. The Times reported on its website that the four were captured by forces loyal to Moammar Gadhafi and will be released Friday. The Times said his son, Seif al-Islam Gadhafi, gave the information to Christiane Amanpour in an ABC News interview . Libyan government officials told the United States State Department on Thursday evening that all four would be released. They had last been in contact with editors on Tuesday from the northern port city of Ajdabiya where they were covering the retreat of rebels. The journalists are Anthony Shadid, The Times’s Beirut bureau chief and a two-time Pulitzer-prize winning foreign correspondent; two photographers, Tyler Hicks and Lynsey Addario, who have extensive experience in war zones; and a reporter and videographer, Stephen Farrell, who in 2009 was captured by the Taliban in Afghanistan and was rescued by British commandos.
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Lost and Found: NYT Journalists Missing in Libya Will be Released by Gadhafi
Reuters – Key Republican lawmakers signaled they would block renewal of the Build America Bonds program as the Obama administration prepared to reinstate these bonds in its 2012 budget plan, the Wall Street Journal reported on its website Sunday.
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GOP seen ending Build America Bond program: report
(Reuters)
Reuters – Goldman Sachs Group Inc, JPMorgan Chase & Co and Citigroup Inc are among those Obama administration pay czar Kenneth Feinberg will cite for having made “ill-advised” payments, the Wall Street Journal reported on its web site on Thursday.
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Pay czar to cite Goldman, JPMorgan, Citi: report
(Reuters)
