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TREASURIES-Bonds soar as stock losses fuel safety buying
Investors also jumped in to buy bonds to square up positions from overall poor performance in October, while the bankruptcy of futures broker MF Global added to the risk-off trade. Major stock indices fell 2 percent or more after rallying strongly this
Updated: 10/31/2011 05:07P
Brown Rudnick On Hand for Beacon Power Bankruptcy Filing
Tyngsboro, Massachusetts–based Beacon Power filed for bankruptcy in Delaware on Sunday, listing assets of $72 million against $47 million in liabilities. Energy Department records show that Beacon received a $43 million federal loan in August
Updated: 10/31/2011 05:07P
Energy firm that got $24M federal grant goes bankrupt
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 05:06P
Location Integral to Paper's News Coverage
In 1886, George B. Coleman, a deputy in the office of County Register NF Harrison, realized that lawyers, real estate professionals, bankers and others in the business community needed their own transactions in the Shelby County Register's Office.
Updated: 10/31/2011 05:05P
MF Global Exposes Prop-Trading Risk That Volcker Wants to Curb
“It is exactly why they were so adamant that the regulators were not enough to stop speculative activities and a strict law had to be passed to stiffen regulator actions.” The bankruptcy could also influence debates related to other parts of
Updated: 10/31/2011 05:05P
Glance: MF Global ranks in top 10 US bankruptcies
by AP | Oct 31, 2011 4:25 PM ET Securities firm MF Global Holdings Ltd. filed for bankruptcy protection Monday after the company posted a big quarterly loss and was downgraded by credit rating agencies. Investors were concerned about its holdings of
Updated: 10/31/2011 05:04P
MAS, SGX clamp down on MF Global
MF Global Holdings, the holding company for the broker-dealer run by former New Jersey Governor and Goldman Sachs co-chairman Jon Corzine, filed for bankruptcy after making bets on European debt. The Wall Street Journal , which reported that MF Global
Updated: 10/31/2011 05:04P
Firm seeks bankruptcy protection
AP Securities firm MF Global Holdings Ltd. is seeking bankruptcy protection one week after reporting its biggest-ever quarterly loss and having its credit downgraded to junk status. The company, run by former New Jersey Gov. and Goldman Sachs head Jon
Updated: 10/31/2011 05:04P
Flywheel energy storage firm files for Ch. 11 protection
Beacon Power Corporation, which develops flywheel-based energy storage to help stabilize the electricity grid, has reportedly filed for bankruptcy protection. Based in Tyngsboro, Massachusetts, Beacon Power this year began operations at its first
Updated: 10/31/2011 05:03P
Markets, euro plunge as debt crisis sinks US brokerage
The crisis took its first casualty in the US 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% to 5544.22 points,
Updated: 10/31/2011 05:02P
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