Business

4:11pm

Fri March 23, 2012
The Two-Way

Memo: Corzine Ordered MF Global Customer Funds Moved To London Account

Originally published on Fri March 23, 2012 8:50 pm

Former New Jersey Gov. Jon Corzine (D).
Mario Tama Getty Images

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.

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3:18pm

Fri March 23, 2012
The Two-Way

Calif. Exec Pleads Guilty In Huge Tomato Price-Fixing Scheme

Originally published on Fri March 23, 2012 3:21 pm

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.

The AP reports:

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2:08pm

Fri March 23, 2012
Planet Money

Trying To Save A Broke City

David Unkovic makes his case.
Christine Baker The Patriot-News

This is the second of two stories we're doing today about Harrisburg. Read the first story here.

Harrisburg is broke.

The Pennsylvania city is deep in debt. It's still spending more than it takes in. And, as David Unkovic described it to me last week, there's a cash-flow problem.

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9:45am

Fri March 23, 2012
The Two-Way

Why Gas Prices Are Rising Even As Demand Is Down

The prices at a gas station in Los Angeles earlier this month.
Frederic J. Brown AFP/Getty Images

On Morning Edition this week we looked at "What's Making Americans Less Thirsty for Gasoline?"

Now let's examine another important question: "If our demand for gasoline is falling, why are prices in the U.S. rising?"

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8:25am

Fri March 23, 2012
The Two-Way

Existing Home Sales Dipped In February, But Ran Well Above Pace Of Year Ago

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.

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