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MF Global is first big US victim of Europe crisis
Spooked business partners required it to post more money to guarantee its trades. Before long, the company was short on cash. MF Global looked for outside investors or buyers, but no alternative emerged before the regulators' deadline, the court papers
Updated: 10/31/2011 04:53P
MF Goes Bankrupt: Deals to Watch
NEW YORK (TheStreet) -- MF Global Holdings(MF) and its Global Finance units have filed for chapter 11 bankruptcy according to a petition filed to the Federal Bankruptcy Court in New York. According to its filing,
Updated: 10/31/2011 04:24P
US stocks dive amid eurozone jitters
Man dies in construction site accidentA man has died in a building accident at the University of Queensland in Brisbane's west. Swift calls in lawyers over topless lookalikeTaylor Swift has been forced to call in her lawyers after becoming the centre
Updated: 10/31/2011 04:18P
Second clean energy loan company files for bankruptcy
A second clean energy company that received a loan guarantee from the Department of Energy has filed for bankruptcy. According to their website, Beacon Power received $43 million loan guarantee from the Department of Energy. The company was working on
Updated: 10/31/2011 04:14P
OIL FUTURES: Crude Drifts Lower As Volume Drops Out
By Christian Berthelsen Of DOW JONES NEWSWIRES NEW YORK (Dow Jones)--Crude futures drifted lower Monday amid light volume as trading was halted for clients of MF Global, one of the market's largest commodity brokers that filed for bankruptcy Monday.
Updated: 10/31/2011 04:13P
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 04:12P
Treasuries Climb as Italy Bonds Drop on Europe, Japan Sells Yen
Oct. 31 (Bloomberg) -- Treasuries climbed, pushing 30-year yields down the most in more than a month, as Italian and Spanish bonds fell on concern Europe will be unable to curb its sovereign debt crisis and Japan sold yen to stem its rally.
Updated: 10/31/2011 04:11P
Treasurys up on jitters over MF Global bankruptcy
By AP Treasury prices are rising 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 04:10P
Dow ends down 2.3%: Stocks fall on MF Global, euro worries
NEW YORK – Bank stocks fell 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 large holdings of European
Updated: 10/31/2011 04:09P
90 seconds at 9 am with BNZ: MF Global files for bankruptcy; US, European
Bernard Hickey details the key news overnight in 90 seconds at 9 am in association with Bank of New Zealand, including news that US futures brokerage MF Global has filed for bankruptcy protection after it revealed US$6.3 billion of exposure to European
Updated: 10/31/2011 04:08P