MF Global Mixed Funds, Transferred Them Abroad: Reuters
Regulators investigating the collapse of MF Global Holdings Ltd. have determined that the firm combined money between securities and futures accounts owned by customers, and transferred funds outside the country to at least one entity, a source said on Friday.
Sovereign-Debt Funds Needed in All Eurozone States: Germany
Every country in the Eurozone needs to set up a special national fund for sovereign debt that is more than 60 percent of gross domestic product, Germany's finance minister told a newspaper in comments released on Saturday.
Debt funds needed in all eurozone states: Germany
Every country in the euro zone needs to set up a special national fund for sovereign debt that is more than 60 percent of gross domestic product, Germany's finance minister told a newspaper.
Online fraudster who helped probe Google gets 70 months prison
A man who admitted online fraud and helped federal agents investigate search engine giant Google was sentenced in Rhode Island on Friday to more than five years in jail and ordered to pay $10 million.
Wall St. caps stellar week on drop in jobless rate
Stocks ended flat on Friday but capped the best week for Wall Street bulls in almost three years after data showed the U.S. unemployment rate dropped to a 2-1/2 year low.
Lockheed F-35 output should slow: program chief
Production of Lockheed Martin Corp's F-35 Joint Strike Fighter, the costliest arms purchase in history, should be slowed because of the potential number of airframe cracks and hot spots turning up in testing and analysis, the Pentagon's F-35 program director said.
Congress subpoenas Corzine on MF Global collapse
Former MF Global chief Jon Corzine was subpoenaed to testify before Congress, setting up an awkward legal situation for the ex-senator facing multiple probes into the firm's collapse.
MF Global customer: My entire account is missing
As investigators search for an estimated $1.2 billion missing from MF Global customer accounts, one customer says his entire account has vanished and blames the trustee liquidating the firm.
Analysis: Earnings outlook may be deteriorating rapidly
Earnings season is just over a month away, but the early signals are not comforting.
AMR creditors' committee may be an eclectic mix
Labor unions, suppliers and other groups with potential claims against bankrupt AMR Corp will gather on Monday to vie for a seat on what could be an eclectic committee of creditors.
ECB's Stark: Crisis cure needed to avoid disaster
An urgent solution to the euro zone debt crisis needs to be found otherwise there will be widespread macroeconomic and financial disaster, Juergen Stark, one of the European Central Bank's top policymakers, warned on Friday.
Analysis: BofA is close to its limit for share issuance
Bank of America Corp has issued nearly all the shares authorized by its shareholders, and if the bank needed to sell new stock, it would likely have to seek permission from its investors.
Young Adults Frequently Use Internet for No Apparent Reason, Pew Research Finds
A Pew Research Center survey released Friday asked individuals Did you go online yesterday for no particular reason, just for fun or to pass the time? Thirty-four percent of adults answered yes.
U.S. jobless rate drops to 2-1/2 year low
The U.S. unemployment rate tumbled to a 2-1/2 year low in November, even though the pace of hiring remained too slow to suggest a significant acceleration in the labor market recovery.
Facebook to hire thousands, sees fast growth
Facebook, the social networking giant that is preparing to go public, said it plans to hire thousands of employees over the next year to keep up with what it expects to be rapid growth.
Geithner to lobby Europe leaders before summit
Treasury Secretary Timothy Geithner will travel to Europe next week to lobby key leaders and officials ahead of a make-or-break summit aimed at halting contagion from Europe's growing debt crisis.
Dow Chemical's Sponsorship of Olympics Still Angers India, But Boycott Not on IOA Agenda
An Olympic boycott will not be on the agenda when the Indian Olympic Association meets next week, despite continuing outrage over Dow Chemical's high-profile sponsorship of the London 2012 Games, the IOA's acting president told Reuters on Monday.
Analysis: MF Global proves Enron-era accounting lives on
The off-balance-sheet accounting methods that Enron and Lehman Brothers made famous in their epic failures years ago have a modern-day poster child: MF Global .
Zynga seeks lower IPO value in tough market
- Zynga Inc is seeking a more modest valuation than Wall Street expected for its initial public offering, hoping to attract investors after a series of Internet stocks fell below their IPO price in recent weeks.
Fed's Rosengren: Euro governments have long way to go
European governments have a long way to go in improving their fiscal positions and solving a spreading sovereign debt crisis, said Boston Federal Reserve Bank President Eric Rosengren.
U.S., Canada to set security deal at White House
The United States and Canada are scheduled to announce a new security agreement next Wednesday designed to lower obstacles between the two nations while ensuring the perimeter around them is secure.
RIM caps dismal year with another profit warning
Research in Motion booked a huge charge to write down inventories of its unloved PlayBook tablet on Friday, capping a dismal year with a steep profit warning that sent its shares tumbling almost 10 percent.
GM explores Volt battery design changes
December 2 - General Motors Co is exploring design changes to the Chevrolet Volt battery to address issues raised after federal safety officials opened a probe into the plug-in electric car, a top executive said on Friday.
Loonie ends weaker on soft jobs data, euro fears
The Canadian dollar ended weaker against the U.S. currency on Friday, following the euro lower, as worries about Europe's debt crisis and disappointing domestic employment data ended a four-day winning streak.
Canada Says No Decision Made Yet on Revising Uranium Policy
Canada is reviewing a policy that restricts foreign ownership of uranium mines, but there has been no decision on revising those rules at this time, Natural Resources Minister Joe Oliver said on Friday.
Penguins send Caps to fourth loss in a row
Washington coach Dale Hunter suffered his second successive loss since taking the reins at the struggling Capitals as Pittsburgh moved to the top of the Eastern Conference with a 2-1 win at the Verizon Center on Thursday.
U.S. official: Lockheed F-35 production should slow
Production of Lockheed Martin Corp's F-35 joint strike fighter, the costliest arms purchase in history, should be slowed because of the potential number of cracks and hot spots turning up in fatigue testing and analysis, the Pentagon F-35 program director said.
Lady Gaga's 14-minute music video puzzles, pleases
Lady Gaga made her music video directorial debut with a 14-minute production which was met on Friday with a mix of weariness and adulation by fans and pop culture watchers.
TSX climbs on banks, Europe hopes
Toronto's main stock index was higher on Friday morning, on track to post its biggest weekly gain in more than two years, pushed up by strong bank earnings, encouraging U.S. jobs data and talk of more action to ease Europe's debt.
Fed hawks say central banks can't solve fiscal woes
The U.S. Federal Reserve and other central banks must not succumb to calls for additional help from monetary authorities in the face of high budget deficits, two top Fed officials said on Friday.
