Monday morning headlines

Stocks open lower: Guess it's time to start worrying again about Europe (and perhaps MF Global). Dow is down 140 points.

MF Global files for bankruptcy: Really the first U.S. victim of the European debt crisis. As part of the filing, the broker-dealer's assets are expected to be acquired by Interactive Brokers. (DealBook)

Disney cuts streaming deals: TV content from the Mouse House will be available through Netflix and Amazon. The two agreements cover a bunch of shows on ABC and the Disney Channel. (Forbes)

Ex chief of staff still on payroll: Jeff Carr announced he was stepping down as top aide to Mayor Antonio Villaraigosa almost four months ago, but he's still drawing the same pay rate. From the LAT:

Villaraigosa aides said Carr worked on other issues, such as improvement of city golf courses and a plan to consolidate activities handled by personnel officials. Deputy Mayor Sarah Sheahan said in a statement that Carr took on projects he was already handling as chief of staff -- a move that allowed his replacement, Gaye Williams, to focus on "the mayor's core agenda," including job creation and public transit.

Qantas back in the air: A government tribunal ordered the airline to resume service, though delays are likely for another day or so. Qantas and its workers have three weeks to resolve their labor disputes. From the NYT:

The airline, one of the 10 largest in the world, was hit by a series of labor problems as employees voiced concern about wage inequality and the moving of jobs out of Australia. Workers staged various actions that included brief strikes and the refusal to work overtime. Despite a direct appeal by the Australian prime minister, Julia Gillard, to solve the matter swiftly, hundreds of flights were canceled over the weekend and it took a court order to get the planes moving again.

Mrs. Madoff is making the rounds: Ruth's son has asked her to promote an authorized biography. From the NYT:

For nearly two years after Bernard L. Madoff confessed to running the largest Ponzi scheme in history, Ruth Madoff -- who fell in love with him at 13 and married him at 18 -- stood by her husband, a man the rest of the world saw as a cold-blooded monster. She stayed despite doubts about his fidelity, hostility from friends who became his victims, and a deepening rift with her two sons, who insisted she cut herself off from him. She finally cut the knot last fall, Mrs. Madoff said in a recent interview. "You're going to have to leave me alone and not call," she bluntly told her husband. When he persisted, she changed her number.

OWS hits farmers market: About 40 vendors who normally sell on the City Hall lawn were forced to a less desirable location because protesters refused to move. From the LAT:

"The cause is good," said Genaro Lopez, a vendor who initially helped protesters with free sodas and burritos. "But this is our bread and butter, and we've taken a huge hit." Many vendors, who already struggle to make it through the slow winter months, have reported a 40% to 60% drop in sales since the move, said market manager Susan Hutchinson. So far, three have decided to quit showing up until the demonstrators are gone.

More by Mark Lacter:
American-US Air settlement with DOJ includes small tweak at LAX
Socal housing market going nowhere fast
Amazon keeps pushing for faster L.A. delivery
Another rugged quarter for Tribune Co. papers
How does Stanford compete with the big boys?
Those awful infographics that promise to explain and only distort
Best to low-ball today's employment report
Further fallout from airport shootings
Crazy opening for Twitter*
Should Twitter be valued at $18 billion?
Recent Aerospace stories:
Why they keep flying into Santa Monica airport
Morley Builders says CEO and son were in SMO crash
Deaths in jet crash at Santa Monica airport
Boeing to end C-17 production in Long Beach
How much longer can C-17 production last in Long Beach?

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Mark Lacter
Mark Lacter created the LA Biz Observed blog in 2006. He posted until the day before his death on Nov. 13, 2013.
 
Mark Lacter, business writer and editor was 59
The multi-talented Mark Lacter
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