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MF Global Holdings files Chapter 11 for bankruptcy protection; MD may quit soon
The company and its finance unit, MF Global Finance USA Inc, have filed for Chapter 11 bankruptcy protection, which allows reorganisation of its businesses. MF Global Holdings, the eighth-largest handler of futures trades worldwide,
Updated: 10/31/2011 11:07P
Regulators Investigate Funds Missing From MF Global
Instead, the New York-based firm filed for bankruptcy Monday. Regulators are examining whether MF Global diverted some customer funds to support its own trades as the firm teetered on the brink of collapse. The discovery that money could not be located
Updated: 10/31/2011 11:06P
Woman suspected of embezzling $460000 arrested
Police suspect she plunged Colorado Welding Supply, 855 Garner St., into bankruptcy by writing checks to herself while serving as the company's bookkeeper. Eric Younger, owner of the now-defunct company, said he handed complete financial control of the
Updated: 10/31/2011 11:02P
National business briefs for Nov. 1
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 business partners to pull back last week, leading to a severe cash crunch,
Updated: 10/31/2011 11:02P
MF Global files Chapter 11 for bankruptcy protection; MD may quit soon
The company and its finance unit, MF Global Finance USA Inc, have filed for Chapter 11 bankruptcy protection, which allows reorganisation of its businesses. MF Global Holdings, the eighth-largest handler of futures trades worldwide,
Updated: 10/31/2011 11:02P
MF Global Fired 15 Japan Workers Before Bankruptcy, Union Secretary Says
MF Global Holdings Ltd. (MF) fired 15 employees from its Japan unit before filing for bankruptcy yesterday, said Kazuyuki Sugimoto, secretary general at the Federation of Foreign Bank Employees Union.
Updated: 10/31/2011 11:01P
MF Global Exposes Prop-Trading Risk That Volcker Aims to Curb
Nineteen months after former New Jersey Governor Corzine became chairman and chief executive officer, MF Global Holdings Ltd. yesterday filed for bankruptcy. Corzine's decision to boost risk-taking, including a $6.3 billion wager with the firm's own
Updated: 10/31/2011 11:01P
Evergreen Solar auction takes heat
Today's scheduled auction of Evergreen Solar's defunct Devens factory and technology assets has been delayed at least a week while a bankruptcy court judge sorts out objections to the sale. The Marlboro-based company agreed to a
Updated: 10/31/2011 11:01P
Beacon Power latest 'green' co. to fail despite state, U.S. aid
“Storage technology (will be) necessary in order to integrate renewable energy into the grid,” he said. “Hopefully, the technology can make a strong comeback.” But Tim Buckley of the Massachusetts Republican Party was less charitable.
Updated: 10/31/2011 11:01P
Heller Estate Files Malpractice Suit Against Greenberg Traurig
That was several months before Heller wound up in bankruptcy. Attorneys at Trepel Greenfield Sullivan & Draa, Heller's special counsel, filed the complaint Monday afternoon in US Bankruptcy Court in San Francisco. Their complaint alleges that Greenberg
Updated: 10/31/2011 10:59P
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