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U.S.-Backed Energy Firm Declares Bankruptcy
An energy company that received US loan guarantees has filed for bankruptcy, the latest black eye for a Department of Energy loan-guarantee program after Solyndra LLC collapsed two months ago. Massachusetts-based Beacon Power Corp. filed
Updated: 10/31/2011 12:44P
Jon Corzine's gamble on European bonds backfired
Jon Corzine, chairman and chief executive officer of MF Global, which has filed for Chapter 11 bankruptcy protection. Photograph Andrew Harper/Pool/EPA For Jon Corzine, running MF Global marked a triumphant return to Wall Street after he failed to be
Updated: 10/31/2011 12:44P
Beacon Power, Energy Firm That Got Fed Funds, Declares Bankruptcy
A Massachusetts energy company that received a $24 million federal stimulus grant and a $43 million federal loan guarantee has filed for bankruptcy protection. Beacon Power of Tyngsboro, Mass., filed for Chapter 11 protection on Sunday in bankruptcy
Updated: 10/31/2011 12:43P
U.S. Stocks Decline Amid Growing Concern About European Funding
Morgan Stanley and Citigroup Inc. dropped more than 5.4 percent as European banks fell and MF Global Holdings Ltd. filed for bankruptcy. Alcoa Inc. and Ford Motor Co. slumped at least 1.3 percent to pace losses in companies most-tied to the economy.
Updated: 10/31/2011 12:11P
ADR Report: Wall Street Trades in Red as Investors Weigh in News of MF Global
US stocks traded in the red Monday as investors' weigh news of MF Global seeking bankruptcy protection under Chapter 11. The Bank of New York Index for American Depository Receipts' (ADR) was trading down by 2.58 percent, or 3.37 points to 127.48 on
Updated: 10/31/2011 12:09P
Request may save Nathans Finance directors
Nathans Finance's four convicted directors may face bankruptcy if a civil claim by the company's receivers for more than $66 million is successful. However, a fifth defendant, auditing firm Staples Rodway, could scupper the civil claim if its request
Updated: 10/31/2011 12:08P
Massachusetts energy firm that got stimulus grant, loan guarantee, seeks
A Massachusetts energy company that received a $24 million federal stimulus grant and a $43 million federal loan guarantee has filed for bankruptcy protection. Beacon Power of Tyngsboro, Mass., filed for Chapter 11 protection on Sunday in bankruptcy
Updated: 10/31/2011 12:08P
Bank stocks falling as MF Global runs into trouble; S&P on track for best
Bank stocks are falling broadly after the securities firm MF Global filed for bankruptcy protection. Last week the company's debt was downgraded to junk status by ratings agencies concerned about its
Updated: 10/31/2011 12:07P
MF Global files for bankruptcy protection after big loss, bets on Europe debt
MF Global Holdings Ltd., the securities firm run by former New Jersey Governor and Goldman Sachs head Jon Corzine, is seeking bankruptcy protection one week after reporting its biggest-ever quarterly loss. FILE - In this Jan. 9, 2011 file photo,
Updated: 10/31/2011 12:07P
Energy firm that got fed funds declares bankruptcy
A Massachusetts energy company that received a $24 million federal stimulus grant and a $43 million federal loan guarantee has filed for bankruptcy protection. Beacon Power of Tyngsboro, Mass., filed for Chapter 11 protection on Sunday in bankruptcy
Updated: 10/31/2011 12:07P
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