Business

We know... there are several candidates to choose from. For example…

It might be Anbang - the acquisitive insurance behemoth – see “Anbang Just Became A ‘Systemic Risk’: Revenues Crash As Its Chairman Is “Detained”

It might be China Evergrande – the developer of “ghost” properties and described by J Capital’s, Anne Stevenson-Yang as “the biggest pyramid scheme the world has yet seen” – see “Stevenson-Yang Warns ‘China Is About To Hit A Wall”.

Here we go again, the third trial, following two appeals, in which former JP Morgan Wealth Manager, Jessica Sharkey, claims she was unfairly dismissed after whistleblowing on one of the bank’s clients shortly after the Bernie Madoff scandal came to light.

http://www.scribd.com/embeds/363297018/content

The client in question, an Israeli with involvement in the diamond cutting and pre-paid calling card businesses, was a “big fish”, was generating about $600,000 of revenue annually for the bank.

Submitted by RanSquawk

The BLS will release the October Employment Report at 08:30am ET on Friday, November 3.  The Street is looking for a veritable surge in hiring following the hurricane-related disruption last month sent monthly payrolls to the first negative print in 7 years. Analysts also expect wage growth to continue rising: Median forecasts looks for 310k nonfarm payroll jobs, with average hourly earnings rising rise to 2.7% Y/Y

Key forecasts:

Poor Monsanto just can't catch a break these days. 

Just yesterday we noted that Monsanto's RoundUp replacement, Dicamba, was causing outrage in the ag community as state regulators all across the country were suddenly being flooded with reports from farmers saying the product is increasingly becoming airborne and killing crops far away from the fields where they were actually applied.  Ironically, farmers don't like their livelihood being wiped out by a neighbor's spray drift...go figure.

One week ago, we and many others wondered, if the time has finally come for Venezuela, which was facing a "no grace period" $842 million principal payment for bonds issued by state-run energy company PDVSA, to default on its billions of unrepayable obligations. As we reported then, the liquidity crisis for Venezuela was especially acute because even if it did make the first PDVSA payment, it was facing a second, even larger one today, when PDVSA had to make another $1.121BN payment.