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Corzine - no criminal charges

Jon Corzine

Jon Corzine will not be cuffed over MF Global’s improper handling of customers’ funds leading up to the commodity brokerage firm’s spectacular collapse in late 2011, The New York Post has learned.

Hedge fund sues treasury over Fannie, Freddie

Gavel

A large hedge fund that invested in shares of the government-sponsored mortgage companies Fannie Mae and Freddie Mac has sued the U.S. Treasury Secretary, and the head of the Federal Housing Finance Agency, along with the agencies themselves, arguing that their attempts to wind down the companies violate a Congressional mandate.

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Volkswagen to slash investment by $1.1bn per year

Embattled German carmaker Volkswagen announced Tuesday it would cut annual investment by 1 billion euros ($1.1 billion) after a special board meeting in the wake of the emissions scandal that has thrown the company into crisis.