MARKETS / FINANCE

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MF Global customers to get long-sought $520 million

The trustee liquidating MF Global Holdings Ltd's broker-dealer unit won court permission to distribute $520 million of cash to customers, providing relief to customers whose accounts have been frozen since the futures brokerage went bankrupt.

Shares fall, dollar firms on Europe funding

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Asian shares fell for a fourth day in a row and the dollar firmed on Friday as Europe's funding difficulties intensified, with Spanish borrowing costs hitting an unsustainable level and premiums for dollar funds rising further.
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Salesforce.com shares drop on tepid outlook

Web-based software maker Salesforce.com Inc forecast current-quarter earnings broadly in line with Wall Street estimates and posted a quarterly net loss as its marketing and sales costs increased sharply.
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Blue Coat Q2 beats Street, sees strong Q3

Blue Coat Systems Inc posted quarterly results that whizzed past Wall Street estimates and forecast a strong third quarter, sending the Internet-monitoring gear maker's shares up 17 percent in extended trade.
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Senate to take up cyber bill in 2012

The Senate will take up cybersecurity legislation next year to fight online fraud, espionage and intellectual property theft whether or not Republicans and Democrats reach agreement on a comprehensive bill, Senate Majority Leader Harry Reid wrote on Wednesday.
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Euro zone, technicals unnerve Wall Street

Trigger-happy investors dumped stocks on Thursday, scared by the market's sudden fall through a key technical level brought on by more worries about Europe's debt troubles.
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Economy dents companies' holiday party plans

There may be one silver lining to the economic cloud hanging over the United States this holiday season: The odds of having to put in an appearance at the sometimes-awkward company party are at a record low.
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Angie's List soars on debut, but concerns linger

Shares of consumer review website Angie's List surged as much as 44 percent on their market debut Thursday as investors continued to lap up internet offerings, but concerns about the company's profitability could loom on the stock.
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Judge OKs $520 million payout to MF Global customers

The trustee liquidating MF Global Holdings Ltd's broker-dealer unit won court permission to distribute $520 million of cash, providing relief to customers whose accounts have been frozen since the futures brokerage went bankrupt.
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Atos, CapGemini positive on outlook

Top European IT services providers Atos and Capgemini said on Thursday they were optimistic on outlook with customers continuing to invest despite macroeconomic worries in many European markets.
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Emergency post-election measures won't save Spain

Spain's new government may rush through emergency measures immediately after Sunday's parliamentary election, but unless the euro zone finds a durable systemic solution to its debt crisis, Madrid will still be forced to seek a financial rescue.
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Former Madoff trader to plead guilty next week

A former trader at Bernard Madoff Investment Securities is expected to plead guilty next week to defrauding Madoff's customers by helping falsify records and fake trades starting in the early 1970s, federal prosecutors said in a letter Wednesday.
University of California Los Angeles (UCLA) campus

21st Century Changes on the Road to Adulthood

There’s been an upsurge of reporting on the happenings of young Americans. If the news isn’t reporting on the recession’s impact on fresh graduates, they’re noting that young Americans are marrying later in life and suffering from what some call “failure to launch syndrome.” As the New York Times so recently, and aptly, asked: “What is it about Twenty-Somethings?”
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Auto sales rate may be 14 million by mid-2012: study

U.S. auto sales may have their strongest month of 2011 in November, spurred by consumers' growing need to replace aging cars and trucks and a wider selection on dealer lots, according to a study released on Thursday.
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Jobs, housing data bolster growth outlook

New U.S. claims for jobless benefits hit a seven-month low last week and permits for future home construction rebounded strongly in October, the latest data to suggest the economy was gaining traction.
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South African Stocks Down on Weak Mining Results

Disappointing figures from South African firms such as Impala Platinum and investment bank Investec put a dampener on stock prices, dragging the blue-chip top-40 index nearly 1 percent lower on Thursday.
AngloGold Ashanti mine in Ghana

Gold Prices Fall to One-Week Low on Eurozone Fears

Gold fell to a one week low on Thursday as fears that the euro zone debt crisis could spread from peripheral to core economies kept investors nervous and prompted some to liquidate profitable positions to cover losses in other asset classes.
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Olympus ex-CEO to return to Japan, top shareholder cuts stake

The former CEO of Olympus Corp, whose revelations about irregular deals and payments exposed an accounting scandal at the camera and medical equipment maker, will return to Japan next week to meet police and authorities investigating the case.

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