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Bankruptcy Judge Grants Philadelphia Orchestra Approval for Labor Agreement
After lengthy negotiations, a federal bankruptcy court judge has approved a new labor agreement between the Philadelphia Orchestra Association board and its musicians' union. The agreement will last for four years and comes into effect November 1.
Updated: 10/31/2011 06:50P
Stocks decline amid growing concern about European funding
Concerns about the bankruptcy filing of MF Global Holdings (NYSE: MF) sent stock prices lower on Friday. However, the major market indexes still closed October with solid gains. The Dow Jones Industrial Average
Updated: 10/31/2011 06:47P
MF Global files for bankruptcy after tentative deal unravels
NEW YORK: MF Global Holdings Ltd, the futures broker run by former Goldman Sachs chief Jon Corzine, has filed for Chapter 11 bankruptcy after a tentative deal with a buyer fell apart. The firm's meltdown in less than a
Updated: 10/31/2011 06:43P
New car sales in Colorado spurred by consumer confidence
General Motors and Chrysler filed for bankruptcy and required a bailout by the federal government to survive. Consumers, lacking confidence in their own economic future, steered clear of committing to years of payments involved in the purchase of a new
Updated: 10/31/2011 06:42P
Court OKs Trustee for MF Global Brokerage
Federal law limits SIPC protection to $500000 per valid claim. MF Global filed for Chapter 11 protection from creditors after making bad bets on European sovereign debt. The bankruptcy is the seventh-largest in US history. Corzine once ran Goldman
Updated: 10/31/2011 06:42P
Chicago grain drops with other commodities markets, dollar surges
Chicago grain futures retreated on Monday, as a sharply stronger US dollar and mounting concerns over potential bankruptcy of a major global financial derivatives broker both helped add to the long liquidation selling trend, Xinhua informed.
Updated: 10/31/2011 06:42P
Soulja Boy Is Thrilled He Didn't Invest In MF Global
Those who held shares in Jon Corzine's firm, which filed for bankruptcy today, are probably not pleased with their investments. Rapper Soulja Boy is glad not to be among them. Soulja Boy, the 21-year-old rapper known for his hit, “Crank That,”
Updated: 10/31/2011 06:41P
MF Global's bankruptcy Comeback kid no more
On October 31st MF Global filed for bankruptcy after frantic efforts to sell assets or find a buyer failed. The cause of the firm's demise were trades and strategies driven by Mr Corzine—not least disastrous bets in the market for European sovereign
Updated: 10/31/2011 06:41P
Bookkeeper Accused Of Embezzling Nearly $500K
Police said that the owners of the supply company were forced to file for bankruptcy and sell their business as a result of Bratcher's actions. Investigators said the business owners reportedly first discovered the embezzlement during bankruptcy
Updated: 10/31/2011 06:40P
MF Global files for bankruptcy protection, becoming first big US victim of
(Associated Press) MF Global Holdings Ltd., which Corzine has led since early last year, filed for bankruptcy protection Monday. Concerns about the company's holdings of European debt caused its business partners to pull back last week, which led to a
Updated: 10/31/2011 06:39P
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