Whats In The News November 9 2011 Video
This is what's in the news for Wednesday, November 9th. Bloomberg reports that MF Global's (PINK:MFGLQ) commodity customers may be required to share some of their cash with other clients unless money missing from some accounts--said to be about $600M--is found, said Stephen Harbeck, president of the Securities Investor Protection Corp. who is overseeing the liquidation of the broker-dealer. Reuters reports that Goldman Sachs Group (NYSE:GS) is seeking to raise up to $1.54B by selling 2.4B shares in Industrial and Commercial Bank of China (NASDAQ:ICBC). Finally, the Wall Street Journal reports that Vivendi's (PINK:VIVHY) Universal Music Group is in advanced talks to buy EMI Group's recorded-music unit from Citigroup (NYSE:C).
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