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CME suspends MF Global as clearing member
Oct 31 (Reuters) - The CME Group said it has suspended MF Global Inc as a member of the exchange as the broker-dealer filed for US Chapter 11 bankruptcy protection. "The President of the Clearing House is announcing that MF Global Inc. is deemed
Updated: 10/31/2011 09:26P
Bankruptcy judge rejects plans for Tribune Co.
s bankruptcy case rejected two competing plans for reorganizing the company Monday, leaving the Chapter 11 proceeding unresolved after nearly three contentious years in court. In a 126-page opinion, US Bankruptcy Judge Kevin Carey said neither plan was
Updated: 10/31/2011 09:24P
MF Global Loots Customer Accounts before Going Under Say Feds (NYSE: MF)
Centuries old brokerage house MF Global (NYSE: MF) is facing bankruptcy over its risky dealings with European banks and was counting on a last-minute sale to keep it out of Chapter 11. But that deal has been scuttled after federal regulators reported
Updated: 10/31/2011 09:24P
Naples Bay Resort developers argue against bankruptcy
Nearly six hours of legal arguments on Monday failed to determine whether the developer of the Naples Bay Resort will be forced into Chapter 7 bankruptcy. Lawyers representing three partners in the development group, Basil Street Partners,
Updated: 10/31/2011 09:20P
Europe a Factor for Markets As Investors Await Manufacturing Data and Auto Sales
Worry about the European debt situation was the main catalyst behind the decline, though the bankruptcy of MF Global, headed by former New Jersey Gov. Jon Corzine, added to the negative sentiment and contributed to the nearly 4 percent decline in
Updated: 10/31/2011 09:19P
It's Lonely Without the Goldman Net
Or J. Chris Flowers. “Those people walked around with halos around them. Myths have been created on Wall Street. Nowhere is the myth bigger than at Goldman,” William Cohan, the author of “Money and Power, How Goldman Sachs Came to Rule the World,” a
Updated: 10/31/2011 09:18P
Judge rejects both reorganization plans for Tribune
The Chicago-based media company is atempting to exit Chapter 11 bankruptcy protection after nearly three years of wrangling. It's one of the longest-running cases since bankruptcy rules were revised about six years ago to give creditors more leeway to
Updated: 10/31/2011 09:17P
KEYC - Mankato News, Weather, Sports -MF Global is first big US victim of
MF Global Holdings Ltd., which Corzine has headed since early last year, filed for bankruptcy protection Monday. Concerns about the company's holdings of European debt caused business partners to pull back last week, leading to a severe cash crunch,
Updated: 10/31/2011 09:16P
NewPage creditors want to investigate $25M transfer
A notice of motion has been filed in the US bankruptcy court seeking discovery from a number of groups, including NewPage Corp. and Ernst & Young, the court-appointed monitor for NewPage Port Hawkesbury. A hearing on the motion has been set for Nov. 9.
Updated: 10/31/2011 09:13P
Judge rejects bankruptcy plans for Tribune Co.
s bankruptcy case rejected two competing plans for reorganizing the company Monday, leaving the Chapter 11 proceeding unresolved after nearly three contentious years in court. In a 126-page opinion, US Bankruptcy Judge Kevin Carey said neither plan was
Updated: 10/31/2011 09:11P
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