Your Daily Dose of Financial News


Incredibly, it’s Jobs Report Friday again.  Here’s what to keep in mind while reviewing the numbers – NYTimes and WSJ and Bloomberg

Former NJ Senator and Governor Jon Corzine has reached a $5 million settlement with regulators over the collapse of his MF Global firm, which filed bankruptcy in 2011 and lost more than $1 billion in customer investments – NYTimes and WSJ and Law360

The Journal gives us a new wrinkle in the events surrounding the Labor Department’s investigation of Wells Fargo’s treatment of employees last fall – WSJ

No-frills carrier Frontier Airlines has filed an initial flight path on its way to an IPO in which it hopes to raise $500 million – NYTimes

Federal prosecutors have begun their second attempt to convict former Jefferies trader Jesse Litvak on securities fraud charges. Litvak was convicted in 2014, but the 2d Circuit overturned the conviction last month, setting up the retrial – Law360

For Bitcoin, the global economy giveth, and then it taketh away.  Big time.  All in one morning – WSJ

Sears—still struggling and desperate for cash—has agreed to unload its Craftsman Tools unit to Stanley Black & Decker for a reported $775 million. Though helpful, the move is seen as only delaying the inevitable bankruptcy for Edward Lampert and his white whale – NYTimes and WSJ

Some details on the regulatory approach Beijing is taking to put an end to a weakening yuan – NYTimes and WSJ

Looking to, ahem, diversify your crop rotation (or your investment interests)?  Check out what I’m up to when not keeping tabs on business news – Law360

To some, they’re knockoffs. But to the owners [and a fair number of visitors], well—they’re something quite a bit more – WSJ

Have a great weekend.

Follow me on Twitter: @reifmd

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