(Reuters) – JPMorgan Chase & Co named little-known executive Marianne Lake as its chief financial officer on Monday, making her one of the most powerful women on Wall Street and the top ambassado r to investors for the largest U.S. bank. Lake, 43, will replace Doug Braunstein as CFO early next year and join only a handful of other women in top Wall Street roles, such as Ruth Porat, the chief financial officer of Morgan Stanley . Lake will answer directly to CEO Jamie Dimon in her new role, reestablishing a reporting line taken away from the CFO post this summer after a massive $6. … OxyContin generic approval proceeds in Canada
Canada’s federal government has allowed the approval process to proceed for the generic form of the highly addictive painkiller OxyContin, a move that set off a quick outcry from the country’s provinces.
U.S. says KBR boosted cost of trailers for troops in Iraq
(Reuters) – The U.S. Justice Department said on Monday that it had sued KBR Inc, accusing the company and a Kuwaiti subcontractor of improperly charging the federal government for the costs of delivering and installing trailers for troops in Iraq. The filing of the lawsuit came days after the Justice Department dropped a similar but unrelated case over KBR’s costs for private armed security in Iraq. Filed in the U.S. …
Horse racing-Australian jockey banned for 10 months for bet
Nov 20 (Reuters) – Australian champion jockey Damien Oliver was banned for a total of 10 months on Tuesday after admitting to placing a A$10,000 ($10,400) bet via a third party on a rival horse. At a Racing Victoria hearing in Melbourne, Oliver admitted to placing the bet on favourite Miss Octopussy in a race at Moonee Valley in October 2010. Miss Octopussy won the race while Oliver’s mount Europa Point, the second favourite, finished sixth. …
Poll gives Correa clear lead in February election in Ecuador
QUITO (Reuters) – Ecuador's President Rafael Correa holds a commanding lead ahead of February's election as an opinion poll published on Monday showed him more than 30 points ahead of his closest rival. High government spending on roads, hospitals and schools has made the 49-year-old economist very popular with the low-income majority, and he will have the advantage of facing a divided opposition that will include at least five other candidates. … 
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