Business news for Mon, 31 Dec 2007 & with word corporate. 8 news.

In the high-flying world of NYC corporate finance and the society it engenders partners at the white shoe Manhattan law firms are viewed merely as members of the lumpenproletariat by the gazillionaire hedge fund managers, etc.

2007 was a banner year for some business bigwigs, but it also had its share of corporate screw-ups, public embarrassments and CEOs behaving badly. Here's an interactive look at those who came out on top and those who should sink to the bottom of the barrel.

Reuters - Stock index futures rose on Monday in the final trading session of the year with little on the corporate agenda and ahead of existing home sales data.

The founder of South Korea's Daewoo Group has been pardoned for his role in one of the world's largest corporate failures.

Sen. John McCain (R-Ariz.) took a break from the presidential campaign trail in March to fly to a posh Utah ski resort, where he mingled with hundreds of top corporate executives assembled by J.P. Morgan Chase for its annual leadership conference.

According to the Chinese calendar, 2007 was the year of the pig. South Florida's corporate fraudsters followed suit by having one of their most gluttonous years ever. Some of them even winded up in the pen - and we don't mean the pigpen. (PDX)

After a disappointing 2007, profits are expected to rebound in the coming year. But there's a lot that could go wrong

Investors in Japanese shares may find hope in the new year as cheap stock prices could overcome worries about the yen and weak corporate governance.