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Nonprofit files for bankruptcy, delaying $300K repayment to city
A defunct nonprofit entangled in financial issues that promised to repay hundreds of thousands of dollars it owed the city of Glendale has filed for bankruptcy, a move that may stall those plans.
Updated: 10/31/2011 07:55P
Judge rejects both reorg plans for Tribune
Tribune filed for bankruptcy in December 2008 under the weight of $13 billion in debt, a year after the company was taken private in an $8.2-billion leveraged buyout led by real estate mogul Sam Zell, who became its chairman.
Updated: 10/31/2011 07:55P
Regulators Investigating MF Global
It is unclear where the money went, and some money is expected to trickle in over the coming days as the firm sorts through the bankruptcy process, the people said. But regulators are examining whether MF Global diverted some customer money to support
Updated: 10/31/2011 07:36P
MF Global Meltdown Shows the Wisdom of Prop-Trading Limits: View
By the Editors Mon Oct 31 23:05:25 GMT 2011 Comments The bankruptcy of MF Global Holdings Ltd. is the first major US casualty of the European sovereign- debt crisis. The trading firm's demise is no small matter: Its $40 billion in debt is on the scale
Updated: 10/31/2011 07:34P
MF Global collapses under euro-zone bets
Among other things, MF Global is expected to seek permission from Judge Martin Glenn to use cash collateral to keep operating its business, court papers show. By filing for bankruptcy, MF Global freezes the value of its free-falling notes and gives
Updated: 10/31/2011 07:20P
Chaos follows MF Global filing
Futures broker MF Global (NYSE: MF) officially announced it had filed for chapter 11 bankruptcy protection today prompting swift action from related businesses throughout the financial sector. Even before the filing was officially released by MF Global
Updated: 10/31/2011 06:55P
EUR/GBP: Very heavy turnover overnight
Heavy month-end buying of the GBP, stops getting triggered below .8730 and further GBP buying supposedly related to the MF Global bankruptcy. Take your pick, or a combination of all 3 succeeded insending the GBP soaring. The two interbank reports that
Updated: 10/31/2011 06:52P
MF Global Files for Bankruptcy as Broker-Dealer Unit Liquidates
30 deadline to file its full list of debt 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 and
Updated: 10/31/2011 06:52P
MF Global Holdings Bankruptcy: Energy And Oil ETFs Suffer (USO, IYE, XLE, MF)
The loss can largely be attributed to news that MF Global Holdings (NYSE:MF), a large holder of commodities positions, filed for Chapter 11 bankruptcy today, and is no longer able to trade its holdings except for sell off purposes.
Updated: 10/31/2011 06:51P
Greece: Banks and Pension Funds in Danger
31 de octubre de 2011, 17:42Athens, Oct 31 (Prensa Latina) Greek Economy Minister Evangelos Venizelos called on citizens and opposition parties to back up the measures agreed in the European summit to avoid the Greek government?s bankruptcy.
Updated: 10/31/2011 06:51P
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