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Oil prices extended losses in Asian trade
World oil prices extended losses on Tuesday amid market volatility after a US brokerage firm filed for bankruptcy and Greece called for a referendum on its latest bailout deal. New York's main contract, light sweet crude for delivery in December,
Updated: 10/31/2011 11:38P
CBS 3 Springfield - WSHMMF Global is first big US victim of Europe crisis
Entertainment News from AP By DANIEL WAGNER AP Business Writer WASHINGTON (AP) - The European debt crisis has claimed its first big casualty on Wall Street, a securities firm run by former New Jersey Governor Jon Corzine. MF Global Holdings Ltd.,
Updated: 10/31/2011 11:37P
Oil Slips Below $92; FOMC, G20 Meet In Focus
The US-based futures brokerage MF Global filed for bankruptcy protection following bad bets on euro zone debt. Its meltdown in less than a week made it the biggest US casualty of Europe's debt crisis and the seventh-largest bankruptcy by assets in US
Updated: 10/31/2011 11:35P
Local clients hit by MF Global bankruptcy
A spokeswoman for Deloitte said the accounting firm was ''undertaking a process to reconcile all client accounts'' at MF Global. As of March 31, when MF Global ruled off its most recent set of books, the company held more than $160 million in client
Updated: 10/31/2011 11:33P
Judge rejects both competing plans in Tribune Co. bankruptcy case
s bankruptcy case on Monday rejected two competing plans for reorganizing the company, leaving the Chapter 11 proceeding unresolved after nearly three contentious years in court. In an expansive 126-page opinion, US Bankruptcy Judge Kevin Carey said he
Updated: 10/31/2011 11:32P
MF Global, Beacon Power, Real Mex, Lehman, PPI, NEC: Bankruptcy
Based in Tyngsboro, Massachusetts, the company listed assets of $72 million and debt totaling $47 million, including $39.1 million owing on the government-guaranteed loan. Beacon originally developed flywheel technology to serve as backup power for
Updated: 10/31/2011 11:32P
Company follows Solyndra into bankruptcy
WASHINGTON — In August 2010, Beacon Power became one of the first companies in the nation to get an Energy Department loan guarantee designed to jump-start innovative and clean energy projects.
Updated: 10/31/2011 11:32P
Chapter 11 Exit Plans for Tribune Rejected
Tribune has proposed a Chapter 11 plan that would hand control of the company to the lenders that financed the 2007 LBO, which was engineered by real-estate mogul Sam Zell. Aurelius's rival plan would also give most of the company's equity to lenders
Updated: 10/31/2011 11:29P
VanEps Kunneman VanDoorne | Aqualectra adviser is bankrupt
As the leading Dutch Caribbean law firm, both our firm and its individual lawyers are frequently in the news. We appear in both the regional and international press. We use this part of our website to publish non-legal news, for example,
Updated: 10/31/2011 11:28P
McCourt appears close to agreeing he'll sell Dodgers
LOS ANGELES — After a two-year battle to keep the Dodgers through a bruising divorce and a bankruptcy filing, owner Frank McCourt appears close to agreement with Major League Baseball on a bankruptcy settlement in
Updated: 10/31/2011 11:28P
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