Jon Corzine, the former head of MF Global Holdings Ltd., masterminded a scheme to inflate earnings that led to the eighth-biggest bankruptcy in U.S. history, according to an updated lawsuit filed by a trustee for the failed futures broker.
Jon Corzine, former chief executive of bankrupt futures brokerage MF Global Holdings Ltd., has said he never ordered any misuse of customer funds to help his firm stay afloat as it dealt with margin calls on bad bets.
Medtronic Inc .’s experimental spinal fusion device Amplify didn’t work as well after five years as it did in two-year tests previously reported by the company, according to U.S. regulators weighing its approval for sale.
Medtronic Inc. Chief Executive Officer William A. Hawkins , 56, will retire next April, ending a three-year tenure that analysts said was marked by disappointing sales from the medical-device maker and a declining share price.
Ela Darling quit her job as a reference librarian south of Boston three years ago for a fresh start in Los Angeles starring in such movies as “Lesbian Slumber Party.” Her new career, she says, is under threat from the California legislature, which soon may require pornographic actors to wear condoms and other protective gear.
Johnson & Johnson, the world’s biggest maker of health-care products, anticipates submitting more than 10 new medicines for approval by regulators worldwide by 2017, including a modified version of a decades-old anesthetic that has been misused as a date-rape drug.
Boston Scientific Corp., the second- biggest maker of heart devices, plans to cut as many as 1,000 jobs in an expansion of its restructuring program that will save an additional $100 million to $115 million a year.