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Euro zone worries knock stocks dollar gains
The US futures broker, whose heavy bet on the region's debt sent its shares plummeting in recent days, filed for bankruptcy on Monday. MF's bankruptcy, while it was not a catalyst in the stock market sell-off, was a sobering reminder that any exposure
Updated: 10/31/2011 03:57P
Treasury prices rise on worries over MF Global bankruptcy, questions over
AP Treasury prices rose sharply Monday as worries returned to the Financial markets on news of the bankruptcy of securities firm MF Global. Traders were also waiting for more details on Europe's plan to contain the Greek debt crisis.
Updated: 10/31/2011 03:56P
MF Global Files for Bankruptcy After Bad Bets on European Debt
30 deadline to file its full list of debts and assets, seeking a 75-day extension of the usual two-week window given under bankruptcy law. The company “is one of the largest brokers in markets for commodities and listed derivatives,” making it large
Updated: 10/31/2011 03:55P
Maker of flywheel electricity systems files for bankruptcy
–Beacon Power Corp., which drew considerable attention and $43 million in federal loan guarantees for its innovative flywheel-based systems to manage energy on the power grid, filed for bankruptcy Monday after failing to get more private financing.
Updated: 10/31/2011 03:55P
European stocks tumble as brokerage sinks
The crisis took its first casualty in the United States as struggling brokerage firm MF Global filed for bankruptcy after taking losing bets on distressed European sovereign debt. In London, the FTSE-100 index of top companies lost 2.77 per cent to
Updated: 10/31/2011 03:54P
CleanTech NJ attendees discuss future of SRECs in New Jersey
Despite Solyndra's bankruptcy and Solar World's angst over Chinese trade practices, 190 attendees at last week's CleanTech NJ event were focused on fulfilling New Jersey's solar objectives in the state's 2011 Energy Management Plan.
Updated: 10/31/2011 03:53P
ALEX BRUMMER: Ex-sugar trader MF Global turns sour
If we needed any reminder that modern markets are borderless, it is provided by the bankruptcy of MF Global. Here was a broking house founded in London as a sugar broker 230 years ago and floated off by Man Group as an independent
Updated: 10/31/2011 03:51P
Jon Corzine's $41bn fund MF Global Holdings in one of biggest bankruptcies ever
It looks like Jon Corzine's love of risk-taking is finally proving to bring him down after his securities fund today filed for bankruptcy protection. Futures brokerage MF Global Holdings filed after a tentative deal with a buyer fell
Updated: 10/31/2011 03:51P
Rockford Man Admits Guilty to Bankruptcy Fraud
ROCKFORD, IL (Source: FBI) — A Rockford man pleaded guilty yesterday in federal court to bankruptcy fraud. The defendant, Shane Mathew Berry, 39, admitted to making a false statement in documents he
Updated: 10/31/2011 03:51P
Corzine's MF Global files for bankruptcy (Reuters)
NEW YORK (Reuters) – Jon Corzine's bid to revive his Wall Street career crashed and burned on Monday when his futures brokerage MF Global Holdings Ltd filed for bankruptcy protection following bad bets on euro zone debt. Corzine, who once ran Goldman
Updated: 10/31/2011 03:48P
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