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Glitz returns to Detroit auto show

Glamour and glitz returned to the Detroit auto show as once-struggling General Motors served champagne at a sneak peek of its newest Cadillac and Mercedes launched its latest roadster with a jazzy serenade at a swank cocktail party. Just three years ago, the survival of the Detroit Three automakers was in doubt as GM and Chrysler sought billions in government bailouts and…

Corzine apologizes for collapse of MF Global

WASHINGTON (Reuters) – Jon Corzine, the former chief executive officer of MF Global, apologized to a U.S. House panel on Thursday for the collapse of the brokerage and said he was “stunned” when he first learned customer funds were missing. “I simply do not know where the money is, or…