Explaining Southern California's economy

Reportings: MF Global; Yahoo takeover; debit-card fees; Tribune bankruptcy

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MF Global, the bankrupt wannabe global investment bank run by Goldman Sachs alum and former New Jersey governor Job Corzine, may have been mixing client money with its own funds, a definite no-no: "'While we are unable to determine the precise scope of the firm's violation at this time, we are investigating the circumstances of the firm's failure,'" [Chicago Mercantile exchange CEO Craig] Donohue said in a conference call about his company's quarterly financial results. (LAT)

 

Henry Blodget still wants to be the CEO of Yahoo, but now he wants the board to resign — because that's what Steve would demand: "Steve [Jobs] taught many people many things, and one of the things he has now taught me is that you need to set your terms upfront. Especially when dealing with a board that is, slowly but surely, destroying a once-great company." (BI)


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