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MF Global trustee tussles with regulators: report

MF Global's bankruptcy trustee, Louis Freeh, has refused to turn over some documents to the Commodity Futures Trading Commission , which is investigating what happened to an estimated $1.2 billion in missing customer funds, the Wall Street Journal said.

Woodford to Sue Olympus Over Dismissal

Former Olympus CEO Michael Woodford waves from a car window as he leaves at a news conference at the Japan National Press Club in Tokyo
The ousted British CEO of Olympus Corp abandoned his three-month battle to replace the management of the scandal-tainted maker of medical devices, blaming big Japanese shareholders for not backing his campaign to take back the helm.
A man stands next to a Pepsi advertisement while using an umbrella in the rain, in Rawalpindi

Pepsi Reported Weighing Job and Pension Cuts

PepsiCo Inc is considering cutting about 4,000 jobs and reducing pension contributions in order to boost its earnings, the New York Post said, citing sources close to the situation.
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Obama speaks from the White House in Washington

Obama Defense Budget Puts More Focus on Asia

President Barack Obama unveiled a defense strategy on Thursday that calls for greater U.S. military presence in Asia and envisions cutting troops in Europe as the Pentagon seeks to reduce spending by nearly half a trillion dollars after a decade of war.
Iranian naval vessel

Safe Haven Appeal of Gold Re-emerges

Gold was on course for a fifth straight session of gains on Thursday as growing anxiety on Iran boosted its safe-haven appeal and rising seasonal demand in China buoyed sentiment.
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Children's Place cuts Q4 profit outlook

Children's Place Retail Stores Inc lowered its fourth-quarter earnings outlook, hurt by increased discounts to clear inventory, and the kids' clothes retailer said its comparable sales would remain flat.
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Asian Shares and Euro Dip on Europe Worries

Asian shares and the euro eased Thursday as concerns about the ability of euro zone countries to refinance their huge public debt dampened investor risk appetite ahead of a French bond auction later in the day.
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Blackstone Reaches Big Fundraising Finish Line

Blackstone Group LP will conclude fundraising for its latest buyout fund in January, raising just over $16 billion, three people familiar with the matter said on Wednesday, in a 4-year process challenged by the global financial crisis.
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Thompson Exit Puts Focus on PayPal Spinoff

The surprise departure of PayPal President Scott Thompson from eBay Inc could seriously set back any moves to spin-off the payments business as a separate company, investors and analysts said on Wednesday.
The sign up page of Linkedin.com is seen in Singapore

SEC Says Adviser Defrauded Investors Using LinkedIn

Securities regulators charged an Illinois-based investment adviser on Wednesday with using LinkedIn and other social media networking websites to lure investors by offering more than $500 billion in fake securities.
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India Mandates 'Hallmarking' of Gold Jewelry

India has made hallmarking gold jewelery mandatory, a senior government minister said on Wednesday, a move that could boost demand in the world's biggest gold market by taking care of quality worries.
Gold

Gold Demand in India May Rise Following Govt Move

India has made hallmarking gold jewellery mandatory, a senior government minister said on Wednesday, a move that could boost demand in the world's biggest gold market by taking care of quality worries.

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