NPR : News

Filed Under:

    MF Global Fires All 1,066 Brokerage Employees

    The spectacular collapse of the brokerage unit at MF Global has now cost all 1,066 employees their jobs.

    There's word from the trustee overseeing the liquidation of the unit once headed by former New Jersey Gov. Jon Corzine (D) that the employees were fired today, according to The Wall Street Journal's High Wire blog, The Associated Press, Bloomberg News and other outlets.

    As many as 200 of the employees may be rehired "to assist in the wind down of the business and processing of bankruptcy claims," High Wire adds.

    The firm filed for bankruptcy protection on Oct. 31. It had made "big investments in European sovereign debt," as NPR's Zoe Chace reported, and lost big in the eurozone financial crisis. An investigation into the loss of hundreds of millions of dollars that investors had entrusted with the company is underway. Corzine resigned last week.

    Copyright 2011 National Public Radio. To see more, visit http://www.npr.org/.

    NPR

    Woody Allen Presents First TV Series, 'Crisis In Six Scenes,' On Amazon

    Woody Allen's first foray into television, Crisis in Six Scenes, debuts on Amazon Friday. The series is a six-part comedy set in the 1960s with a cast that includes Miley Cyrus.
    NPR

    Our Robot Overlords Are Now Delivering Pizza, And Cooking It On The Go

    A Silicon Valley startup wants to use technology to solve the pizza paradox. It's a food that's meant to be delivered but never tastes quite as good upon arrival.
    NPR

    Republican Senate Control Depends On Key Races

    NPR takes a look at the 2016 Senate races that matter to GOP prospects of maintaining control of the chamber.
    NPR

    Our Robot Overlords Are Now Delivering Pizza, And Cooking It On The Go

    A Silicon Valley startup wants to use technology to solve the pizza paradox. It's a food that's meant to be delivered but never tastes quite as good upon arrival.

    Leave a Comment

    Help keep the conversation civil. Please refer to our Terms of Use and Code of Conduct before posting your comments.