Voting in N.H. Opens as Romney Fends Off Attacks [NYT]
As New Hampshire voters began casting ballots in the nation’s first primary, Mr. Romney found himself on the unfamiliar terrain of defending his business pedigree against fellow Republicans as his challengers tried to tap into a populist sentiment. He played into the criticism with a handful of missteps, with rivals jumping on him for having suggested that he, too, has feared getting “a pink slip.” The attacks were so piercing that some leading Republicans urged the candidates to back off, saying they were only helping validate the argument that President Obama’s re-election team has signaled would be central to its case against Mr. Romney if he becomes the nominee.
Lewis Booth, Ford Motor Co. (F)’s chief financial officer, plans to retire in the first half of this year, clearing the way for Chief Executive Officer Alan Mulally to step up efforts to groom the next CEO, according to two people familiar with the plan. Mulally, 66, will probably retire around the end of 2013 and Booth’s departure gives him the opportunity to name a new No. 2 executive who could be trained as the next CEO, most likely Mark Fields, said one of the people, who asked not to be identified disclosing private plans. Fields, 50, runs operations in North America and South America. Booth, 63, has been Mulally’s de facto second in command, the only other executive with a global view of worldwide operations, said the people.
Eide Bailly expects to face a $25 million clawback suit by the attorney trying to recover funds lost in Tom Petters' Ponzi scheme. In new court filings, the Fargo, N.D.-based accounting firm said Minneapolis attorney Doug Kelley, appointed by Minnesota's U.S. Bankruptcy Court to act as receiver for the Petters companies, threatened to sue the firm by Tuesday to recover unspecified damages in excess of $25 million.
Francince McKenna: "Instead of looking out for MF Global investors – and customers who are still waiting for their money – it looks like regulators and the bankruptcy trustees are busy suppressing information. Instead of full transparency, regulators and the trustees are holding onto crucial details that might tell us all who was asleep at the wheel when the broker/dealer and futures commission merchant (FCM) headed over the cliff."