INVESTMENT

Senators Blast CFTC, Gensler for MF Global Mess

Gary Gensler, chairman of the Commodity Futures Trading Commission, testifies before the Senate Banking, Housing and urban Affairs Committee
Republican lawmakers blasted the chairman of the U.S. futures regulator on Thursday for his agency's role in the collapse of MF Global and called his recusal from the investigation a way to "avoid the heat."
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Europe Stock Markets

Europe's Markets Mixed Thursday at Mid-day

European shares fell in choppy trade on Thursday after data showed new U.S. claims for unemployment benefits rose unexpectedly last week, with some investors booking profits after equities jumped 9 percent in the previous four sessions.
Olympus ex-CEO campaigns to oust board

Olympus ex-CEO campaigns to oust board

Woodford, who blew the whistle on accounting tricks at Olympus after he was sacked in October, said he was putting together a team of candidates for a new board and talking to shareholders about replacing the current leadership, hopefully by February.
An Egyptian woman reads a ballot paper before casting her vote at a polling station during the parliamentary election in Cairo

Islamists Seen Winners in Egypt Election

Initial results of Egypt's first free election in six decades will emerge on Thursday, with Islamist parties expecting to command a majority in parliament, hard on the heels of victories by their counterparts in Tunisia and Morocco.
The sign of Deutsche Telekom headquarters is pictured in Bonn

AT&T, Deutsche Telekom battling for merger: sources

AT&T Inc and T-Mobile USA's parent company Deutsche Telekom AG are still battling to save their $39 billion merger and are not in talks about a network-sharing alternative, people familiar with the matter said on Thursday.
Former Olympus CEO Woodford speaks about an accounting scandal at the company during an event in Tokyo

Olympus Ex-CEO Campaigns to Oust Board, Reclaim Top Job

The former chief executive of disgraced Olympus Corp, Michael Woodford, launched a campaign on Thursday to oust the board of directors, reclaim his old job and bring in his own team to save the Japanese firm from a big accounting scandal.
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Olympus Ex-CEO Woodford Campaigns to Oust Board

The former chief executive of Japan's disgraced Olympus Corp, Michael Woodford, launched a campaign on Thursday to oust the board of directors, reclaim his old job and install his own team to save the firm from a big accounting scandal.
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E*Trade says economy hampered option to sell

E*Trade Financial Corp's chief financial officer said on Wednesday that the deteriorating economic environment spurred by Europe's debt crisis was a key reason behind the No. 3 online brokerage's decision not to put itself up for sale after its recent strategic review.
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Q3 GDP beats Street, rebounds from Q2 fall

The Canadian economy grew at an annualized rate of 3.5 percent in the third quarter, recovering more solidly than expected from a 0.5 percent contraction in the second quarter that was linked to the impact of Japan's earthquake and tsunami.
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Analysis: Central Banks Buy Wiggle Room, Not Solution

Central bank action on Wednesday to ease severe funding strains for the world's private sector banks may help cushion a brewing global credit crunch but it only buys some wiggle room for governments trying to resolve the euro debt crisis and keep banks lending.
Idle Gulf Coast Drilling Rigs

Gulf Coast Oil Industry's Recovery Difficult to Grasp

Stymied by a six-month drilling moratorium, the climb to recovery appears slow for the oil and natural gas industries in the Gulf of Mexico since the Macondo spill of 2010. In reality, it's a little more ambiguous than public perception or data numbers suggest.

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