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Corzine's MF Global files for bankruptcy
The New York Federal Reserve said that it suspended new business with the futures trading company until it establishes that it is "fully capable" of performing its duties as a primary broker. It is one of 22 primary brokers at the New York Fed.
Updated: 10/31/2011 01:57P
European stocks slide as brokerage sinks
Check out ninemsn Finance's Tax Time for tips and advice on how to make your 2011/12 tax return work for you. European stock markets and the euro fell sharply on Monday as investors retreated from bank shares on concerns the EU debt crisis accord may
Updated: 10/31/2011 01:53P
FACTBOX - Largest U.S. bankruptcies
- MF Global Holdings Ltd, a futures brokerage run by former Goldman Sachs chief Jon Corzine, filed for Chapter 11 bankruptcy protection on Monday after a tentative agreement to sell some assets fell apart. The company had assets of $41.05
Updated: 10/31/2011 01:32P
Gold drops over $20, but readies for monthly gain
SAN FRANCISCO (MarketWatch) — Gold futures fell Monday as strength in the US dollar and a bankruptcy announcement by MF Global Holdings Inc. helped push prices for the metal down by more than $20 an
Updated: 10/31/2011 01:30P
US stocks slide as euro optimism fades
US stocks have opened lower amid rising scepticism about the eurozone debt deal, a major brokerage filing for bankruptcy protection, and as investors braced for a charged economic calendar. The Dow Jones Industrial Average skidded 121.89 points,
Updated: 10/31/2011 01:27P
Energy firm that got federal help seeks protection
A Massachusetts energy storage company that received a $24 million federal stimulus grant and a $43 million loan guarantee from the Department of Energy has filed for bankruptcy protection. Beacon Power Corp. of Tyngsboro, Mass., filed for Chapter 11
Updated: 10/31/2011 01:25P
FTSE slumps on Europe doubts, taking shine off monthly gain
Financial stocks suffer amid fears over eurozone deal and as futures broker MF Global files for bankruptcy after a tentative buy-out falls apart. by Max Julius on Oct 31, 2011 at 17:19 Britain's FTSE 100 fell sharply on Monday, trimming last month's
Updated: 10/31/2011 01:25P
Exchanges Scramble to Limit Fallout
Financial exchanges barred MF Global Holdings Ltd.'s brokers from exchange floors and put limits on MF Global's trading Monday to prevent the company's bankruptcy filing from rippling through to wider markets.
Updated: 10/31/2011 01:23P
Financial turmoil grips two more 'green energy' companies receiving federal
Beacon Power Corp., a Massachusetts based energy storage company, filed for bankruptcy on Sunday, just one year after the company received a $43 million loan guarantee from the Department of Energy. And The New York Times reports that Nevada Geothermal
Updated: 10/31/2011 01:18P
Charles Schwab Eyes Part of MF Global's Futures Business
Meanwhile, investors are demanding answers from MF Global's board of directors about what they knew about how much risk the firm was taking that led to its bankruptcy filing earlier today, sources tell the FOX Business Network.
Updated: 10/31/2011 01:18P
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