Originally published on Fri March 23, 2012 8:50 pm
Former New Jersey Gov. Jon S. Corzine directly ordered that $200 million from a segregated customer account be transfered to cover a $175 million overdraft in a London account. That's according to a memo (pdf) from the House Committee on Financial Services, which is scheduled to hold a hearing next week about the spectacular collapse of MF Global.
Originally published on Fri March 23, 2012 3:21 pm
By Eyder Peralta
Frederick Scott Salyer, 56, has pleaded guilty in a massive tomato price fixing scheme that investigators say affected almost every American home.
Salyer, the former chief executive officer of SK Foods LP, said he bribed purchasers and fixed prices for the sale of his tomato products to McCain Foods USA Inc., ConAgra Foods Inc. and Kraft Foods Inc.
There was a 0.9 percent drop in sales of existing homes in February from January, the National Association of Realtors reports. But, at an annualized rate of 4.59 million they were still up 8.8 percent from February 2011.
"The market is trending up unevenly," NAR chief economist Lawarence Yun concludes in a statement from the association.