MF Global gets new CEO as Davis quits
Davis, who was at the firm for 17 years, oversaw the listing of MF Global on the New York Stock Exchange in July last year. Having launched at around $30 a share, its share price tumbled to $1.93 the day before the change of leadership and the release of the company's preliminary results.
The preliminary results stated net income for the three months to October end is expected to be between $8 million and $10 million, down from $14.3 million the previous quarter. MF Global also revealed a pre-tax
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