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Unable to raise capital, the auto parts company is jilted by lead investor Appaloosa, which claims Delphi owes an $82.5 million transaction fee. Crash and Burn: Delphi Deal is Dead

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Under the Treasury Secretary’s proposal, the new Corporate Finance Regulator would look like a trimmed-down version of the SEC. Paulson Wants a Top Cop of Corporate Finance

Drug addiction soars in Mexico (USA Today)Not so long ago, drug addiction had never been a widespread problemm in Mexico. These days, the country is dealing with an unprecedented epidemic of drug use that is partly a result of better U.S. border enforcement, experts say.

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Financial Advisor Who Lost State Funds Gets 12 Year Sentence (Tuesday, July (WCPN Cleveland)A Pittsburgh financial advisor who lost $213 million he invested for the Ohio Bureau of Workers Compensation has been ordered to repay the money and spend the next 12 years in Federal prison.

Facebook Takes the Microsoft Money And Runs.This isnt going to do much to hurt MS’s profits directly but if Google wins against facebook Microsoft’s leaders look even more lost . You cannot make money with communites so that an sn is 15B worth because af .

The discoverer of a sunken 18th century vessel worth $500 million settles SEC insider-trading charges related to the find. Profits Are Shipwrecked!

Corporate users of credit-default swaps and similar instruments soon must show where they report them on their balance sheets and income statements. Derivatives: The New Disclosure Rule

Secured and unsecured creditors agree on how to split the bankrupt company’s assets, with banks relinquishing the right to have their loans repaid before other creditors get anything. Harmony Achieved by American Home Creditors