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MF Global Suspended From Doing Business With NY Fed
As per a tentative plan, MF Global's holding company would file for bankruptcy protection and derivatives trader Interactive Brokers would buy the assets, the Wall Street Journal and the Financial Times reported. "The Federal Reserve Bank of New York
Updated: 10/31/2011 09:05A
NewPage, Vitro SAB, Madoff, Lehman, Inspirada: Bankruptcy
The complaint, originally filed in New York state court, was transferred to US District Court and from there to the bankruptcy court in Manhattan. The liquidators were granted relief under Chapter 15 of US bankruptcy laws. Chapter 15 allows courts in
Updated: 10/31/2011 09:02A
US govt's $67M not enough to save Beacon Power from bankruptcy
Beacon Power has filed for bankruptcy, after struggling to find the financing it needed to build a second energy regulation plant. If the US government is picking winners and losers in alternative energy, Beacon Power Corp. (Nasdaq: BCON) may be one of
Updated: 10/31/2011 09:01A
MF Global Suspended From Trading With NY Fed
Corzine was recommended for the position at MF Global by former Goldman Sachs banker Christopher Flowers, the chairman and CEO of JC Flowers & Co. At the same time he took the job, Corzine became an operating partner of Flowers's buyout firm,
Updated: 10/31/2011 08:58A
Supreme Court is asked to reiterate that plan trumps confirmation order
Oct. 31 (Westlaw Journals) - The daughter of the late oil magnate Marvin Davis is asking the US Supreme Court to hear her challenge to a ruling that departed from the century-old notion that a bankruptcy court's confirmation order cannot alter the
Updated: 10/31/2011 08:57A
Saab's Chinese buyers vow profit by 2014
The beleaguered carmaker appears to once again have narrowly avoided bankruptcy, announcing that two Chinese companies will buy it for 100 million euros ($142 million), making it the second Swedish carmaker after Volvo to take the road to China.
Updated: 10/31/2011 08:57A
Morning Take-Out
MF Global Expected to File for Bankruptcy | Shares in MF Global Holdings were halted for trading early on Monday, as the brokerage prepared to file for bankruptcy protection and sell some of its assets to the Interactive Brokers Group,
Updated: 10/31/2011 08:52A
Another Energy Department loan 'success' story - Beacon Power goes belly-up
Beacon Power Corp filed for bankruptcy on Sunday, just a year after the energy storage company received a $43 million loan guarantee from a controversial Department of Energy program. The bankruptcy comes about two months after Solyndra -- a solar
Updated: 10/31/2011 08:47A
NY fed suspends MF Global deal on future nears
As per a tentative plan, MF Global's holding company would file for bankruptcy protection and derivatives trader Interactive Brokers would buy the assets, the Wall Street Journal and the Financial Times reported. 'The Federal Reserve Bank of New York
Updated: 10/31/2011 08:42A
MF Global, Japan yen intervention in focus
By MarketWatch MF Global Holdings Ltd., /quotes/zigman/581106/quotes/nls/mf MF -16.08% the investment firm, was close to filing for bankruptcy protection, according to a report in The Wall Street Journal. US stock-index futures declined Monday,
Updated: 10/31/2011 08:41A
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