Dozens of Bankrupt Firms Paid Top Execs Huge Bonuses Before Layoffs: Report JCPenney, Hertz and Neiman Marcus paid top executives large bonuses before seeking bankruptcy protection. By Sissi Cao
Spain to Seek European Bailout…Tomorrow: Wall Street Roundup Whither Europe: Spain will request European aid for its failing banks on Saturday afternoon, Reuters reports. That comes after Fitch By Patrick Clark
Nasdaq Tries to Make Good on Facebook Fumble, Not Everyone Appeased: Wall Street Roundup “Sorry” doesn’t help: Is anybody happy with Nasdaq’s plan to dole out $40 million in cash payments and future discounts By Patrick Clark
Spain Agrees to Audit, SEC Suspends Firebrand, Wall Street Roundup, Non-Jamie Dimon Division By Patrick Clark