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US stock market daily report (October 31, 2011, Monday)
By Millennium Traders MF Global Holdings (NYSE: MF) filed for Chapter 11 bankruptcy protection in a New York bankruptcy court early this morning, in the wake of news that the Federal Reserve Bank of New York had suspended business dealings with the
Updated: 10/31/2011 11:27P
Oil prices down in Asian trade
Singapore: 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
Updated: 10/31/2011 11:22P
U S probes if MF Global customer money missing report
- Hundreds of millions of dollars in customer money went missing from MF Global in recent days, according to federal regulators investigating the futures brokerage that filed for bankruptcy, the New York Times reported on Monday.
Updated: 10/31/2011 11:21P
Report: Frank McCourt, MLB Close To Bankruptcy Settlement
McCourt is reportedly close to a bankruptcy settlement with MLB that would allow the Los Angeles Dodgers to be sold, per Bill Shaikin of the Los Angeles Times: McCourt would get some control over the sale, people familiar with the negotiations said
Updated: 10/31/2011 11:20P
MF Global Fired 15 Japan Workers Before Bankruptcy, Union Says
1 (Bloomberg) -- MF Global Holdings Ltd. 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. The analysts, traders and sales staff
Updated: 10/31/2011 11:20P
The Lawyer Business is Booming in Buffalo
Now, it's Rochester as Eastman Kodak, one of the former great icons, teeters on bankruptcy. As these things occur, young people move away as jobs become fewer and fewer. However, like the cavalry in a John Wayne movie, one industry has ridden to the
Updated: 10/31/2011 11:19P
Strong dollar weighs down oil
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 11:19P
MF Global Exposes Reach of Euro Debt Crisis
MF Global filed for bankruptcy yesterday over bets it made on the European debt crisis. It's a humbling moment for former New Jersey governor Jon Corzine, who took control of the company last year. US markets reacted sharply. The Dow dropped 276 points
Updated: 10/31/2011 11:17P
European debt crushes MF Global
MF Global Holdings, led by CEO Jon Corzine, former governor of New Jersey, filed for bankruptcy Monday after regulators insisted on more capital. WASHINGTON - The European debt crisis has claimed its first big casualty on Wall Street, a securities firm
Updated: 10/31/2011 11:17P
Judge rejects Tribune Co's plan to exit bankruptcy
However, said he was bound by bankruptcy law that essentially allowed the supporters of the company plan to torpedo the noteholder plan and vice versa, making both plans unconfirmable. Carey also found other flaws with both plans.
Updated: 10/31/2011 11:17P
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