MF Global is the securities firm run by Wall Street veteran and former New Jersey Gov. Jon Corzine. The firm filed for bankruptcy protection last month after making bad bets on European government bonds. A trustee was appointed to wind down the company.

Federal regulators have announced a nationwide review of foreclosures by the country's largest banks. The goal is to reach homeowners who've been treated unfairly, or who lost their house when they shouldn't have. Anyone in any stage of foreclosure during 2009 and 2010 is eligible for the review.

The supercommittee's failure to reach a budget deal had been predicted for days, even weeks. And now leaders in Washington cannot agree on who is to blame, or what should happen next. President Obama said he would veto any effort to get rid of the automatic spending cuts to domestic and defense spending.

Some auto executives say customers may not be ready for hybrids yet, but now it's time for the car companies to lead them there. For companies to meet new rules that will nearly double average fuel economy by 2025, hybrids will have to play a much bigger role than they do now.

John Timmons recently closed ear X-tacy, a record store he'd owned for 26 years. "People have priorities, and music is just not a top priority right now. That's what's really taken its toll on us," he says. Now, Timmons has to figure out what to do with the rest of his life.