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New York 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 08:40A
5 Things You Need to Know Before the Stock Market Opens
BOSTON (TheStreet) -- The collapse of MF Global(MF), which may declare bankruptcy today, leads your quick fix of company, market, economic and investing news for Halloween, Monday, Oct. 31.
Updated: 10/31/2011 08:36A
Report: Broker-dealer MF Global faces bankruptcy
The Wall Street Journal reported Monday that MF Global would seek bankruptcy protection after large investments in sovereign bonds issued by European countries went against it. Shares plunged last week on reports of the wrong-way bets.
Updated: 10/31/2011 08:35A
Great American financial failures: From Jefferson to Disney
By 1815, Jefferson was forced to sell his library of 6487 books to the US government to help pay his bills. They became the core of the new Library of Congress. Yet he couldn't resist buying more books. After his debts reached $100000 (between $1 and
Updated: 10/31/2011 08:34A
Can you apply for credit after Chapter 13 bankruptcy?
Debra Filing a Chapter 13 bankruptcy means that you and your husband were required to attend a credit counseling session before you could file. You were also required to submit a repayment plan to the courts to pay your priority, secured and unsecured
Updated: 10/31/2011 08:34A
Flywheel storage maker Beacon Power declares bankruptcy
Beacon Power, which secured a $43 million federal loan to install a flywheel grid storage system, declared bankruptcy in a case which will likely draw more complaints about government loans to small clean energy companies. The Tyngsboro, Mass.
Updated: 10/31/2011 08:32A
NY fed suspends MF Global, deal on future nears
/Lucas Jackson By Jonathan Spicer and Paritosh Bansal NEW YORK (Reuters) - The New York Fed suspended MF Global from conducting new business with the central bank on Monday and its shares were suspended, as the troubled brokerage nears a deal on
Updated: 10/31/2011 08:30A
ANOTHER SOLYNDRA: Beacon Power Files For Bankruptcy, Potentially Leaving
Beacon Power, a Massachusetts-based clean energy company, filed for bankruptcy protection on Sunday Reuters reported, potentially leaving taxpayers on the hook for up to $43 million. The energy storage company, like the California-based Solyndra,
Updated: 10/31/2011 08:30A
Report: MF Global to seek bankruptcy protection
AP NEW YORK — The New York Federal Reserve has suspended any new business with MF Global Holdings amid reports that the securities firm is desperately trying to sell itself. Trading in the company's shares is also halted.
Updated: 10/31/2011 08:28A
MF Global shares suspended, bankruptcy deal expected
The law firms could not be reached immediately for comment. A number of interested parties were considering several possible deals, including buying all or parts of MF Global, said the source, who requested anonymity. "The goal is squarely for some
Updated: 10/31/2011 08:27A
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