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.
The jobs website Careerbuilder.com reports nearly one in five workers said they plan to celebrate the holiday with coworkers. The survey asked workers who they would rather spend Thanksgiving with, and only 1 percent answered coworkers. Ninety percent said family. The remaining 9 percent answered neither.
Hewlett-Packard announced its quarterly earnings were down 90 percent from the previous quarter. The company is going through big changes. It just spent most of its cash on an acquisition, took on $4 billion of debt and named Meg Whitman as the new CEO.
The head of Egypt's ruling military council said the transfer of power to a civilian government would come no later than July, but that if the people demanded it, he would allow a referendum that could make the shift even sooner.
In his address, Field Marshal Hussein Tantawi sought to cast the military as the nation's foremost patriots and angrily denounced what he called attempts to taint its reputation.
"People and the armed forces are together," he said in the 10-minute speech.
In Louisville, Ky., local businessman John Timmons is trying to figure out what's next after selling music for more than a quarter of a century.
Timmons owned ear X-tacy records for 26 years here. The shop closed at the end of October. On a recent visit, dead roses, farewell notes and other mementos are taped to the glass doors. Fans of the shop have also been slipping notes of support under the door.
Within the Republican presidential field, no one has talked tougher about China than Mitt Romney. He has vowed to go after that country from his first day in office, threatening to slap tariffs on Chinese imports to make up for its artificially low currency.
"We can't just sit back and let China run all over us," Romney said. "People say, 'Well, you'll start a trade war.' There's one going on right now, folks. They're stealing our jobs. And we're going to stand up to China."
The congressional supercommittee's failure to act is supposed to trigger hundreds of billions of dollars in spending cuts for the Pentagon starting in 2013. But even cuts that large don't come close to cutbacks in military spending in years past.
The Pentagon already plans to cut about $500 billion from its budget over 10 years. Now, it faces another $500 billion in cuts. For the military, that's the worst case: 10 years, $1 trillion in cuts.