NEW YORK (Reuters) - MF Global Holdings Ltd filed for bankruptcy protection after a tentative deal with a buyer fell apart, marking a stunning failure for CEO Jon Corzine who tried to turn the more than 200-year-old futures brokerage into a mini-Goldman Sachs.
NEW YORK (Reuters) - In early April, Jon Corzine was in a tough spot. MF Global, the company he had run for the previous year, was about to post a fourth-quarter loss, marking its fourth successive fiscal year of red ink.
TOKYO (Reuters) - Japan sold the yen for the second time in less than three months after it hit another record high against the dollar on Monday, saying it intervened to counter speculative moves that were hurting the economy.
BEIJING (Reuters) - Europe should not expect China to ride to the rescue as its “savior” from the debt crisis, though Beijing will do what it can to help a friend in need, state-run news agency Xinhua said in a commentary on Sunday.
BOSTON (Reuters) - A rare October snowstorm barreled up the East Coast on Saturday, cutting power to more than two million households, forcing cancellation of scores of airline flights and causing at least three deaths.
SYDNEY (Reuters) - Australia’s Qantas Airways grounded its entire fleet Saturday over a bitter labor dispute, prompting the government to ask a tribunal to stop the conflict out of concern it is putting both the airline and the economy at risk.
WASHINGTON (Reuters) - Presidential hopeful Herman Cain’s quirky “smoking ad” may have mystified many Americans, but according to a new Reuters/Ipsos online poll, it has drawn a sharp line between Republicans who identify with the Tea Party and those who don’t.
Reviewing iPhone 4S at TechCrunch, columnist MG Siegler finds much to like, including its faster speed, improved camera, iOS 5 with Notification Center, and Siri, which he calls “the true killer feature of the device.” He adds: “The iPhone 4 was a great product. The best smartphone ever made. Now it cedes that title to the iPhone 4S.”
Reviewing iPhone 4S at TechCrunch, columnist MG Siegler finds much to like, including its faster speed, improved camera, iOS 5 with Notification Center, and Siri, which he calls “the true killer feature of the device.” He adds: “The iPhone 4 was a great product. The best smartphone ever made. Now it cedes that title to the iPhone 4S.”
The Benetton Group, headquartered in Venice, Italy, is internationally known for its lively fashions and memorable ad campaigns. Recently, they created a fast, color-accurate iPad catalog app that replaces bulky, production-intensive hardcopy catalogs. As a result, the company saves 60 days per year in preparing its sales materials for its staff and is able to adapt instantly to changes.