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U.S. Morning Call: Romney edges in Iowa; Jefferies rebellion

Tuesday, January 03, 2012 - 02:32

Jan. 4 - Former Massachusetts governor Mitt Romney wins the Iowa caucus with 8 votes; Jefferies Group executives and employees at brokerage unit threaten to walk over compensation.

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Here's your morning coffee this Wednesday South Carolina may be the last chance for Republican presidential candidates to stop front runner Mitt Romney. A former Massachusetts governor finished in a virtual tie with former Pennsylvania senator Rick Santorum in the Iowa Caucuses. Just eight votes ahead with Ron Paul a few percentage points back. Next it's not New Hampshire where Romney holds a big lead then South Carolina where religious conservatives could and Santorum. Or another candidate to challenge Romney. Romney that isn't taking anything for granted him. Let us restore the greatness of America and keep this land the hope of the earth. -- is a much higher now. There. And -- let's get that job done. Business. -- an investor probably thrilled that 2012 has come is bill growth. The manager of the Pimco total return fund spot outlets continue at a rapid pace from its flagship fund in December. Morningstar data shows one point four billion dollars was pulled from the on last month for a grand total. A five billion dollars for the year growth bet against US Treasury's ten year bond rose. 17%. Last year. New clues in the hunt for up to one point two billion dollars in missing funds and a global. Sources tell Reuters the company sold hundreds of millions of dollars of securities. To Goldman Sachs which former and that CEO Jon Corzine once headed in the days leading up to its collapse. That according to two former employees with direct knowledge of the transactions. One up and says and that did not immediately receive payment from its clearing firm and Lander. JPMorgan Chase. This occurred is and that was drawn down credit line from JPMorgan. And JPMorgan spokeswoman says the bank did not withhold money because of the line of credit. With bonus season upon us Jefferies Group executives and employees at its prime brokerage unit have reportedly threatened to leave over compensation and restructuring issues. The Wall Street Journal says the company held a series of meetings Tuesday to discuss the concerns. The head of the unit telling the Paper family affairs are now in order a Jeffrey spokesman declined to compact. Stocks to watch today include ExxonMobil. Oil -- and talks to sell most of its 50% stake in Japanese refining partner. And other assets for as much as five billion dollars according to sources. And key about AT&T agreeing to -- at a company at least 215 million to settle a patent dispute related to recording -- TV. That's -- morning -- this Wednesday I'm Jen Rogers this is writers insider.

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U.S. Morning Call: Romney edges in Iowa; Jefferies rebellion

Tuesday, January 03, 2012 - 02:32