Dee-fense!
A lawyer for Morgan Stanley Managing Director Glenn Hadden said his client, who is being investigated over a trade involving Treasury futures while at Goldman Sachs, did nothing wrong.
Clear warning
Clear Channel Communications will likely need to restructure its debt as it struggles to refinance $10.1 billion due in 2016, according to Moody’s Investors Service.
E&Y slap
Ernst & Young didn’t conduct audits of now-insolvent Chinese tree-plantation operator Sino-Forest in accordance with accounting industry standards, said the Ontario Securities Commission.
Facebook proposed changes to the privacy explanations it provides users, and will let members vote on the policies.
BONY beef
Bank of New York Mellon, the trustee for restructured Argentine government bonds, is appealing a court ruling that prevents it from distributing payments to bondholders if Argentina doesn’t also pay holders of defaulted bonds.