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Daily Outlook - Greece Vote Spooks Rally, Chinese PMI Drops
60.4 previously and Bond dealer MF Global bankruptcy added to the selling which inspired fresh USD strength on safe haven demand. In US stocks, DJIA -276 points closing at 11955, S&P -31 points closing at 1253 and NASDAQ -52 points closing at 2684.
Updated: 11/01/2011 01:21A
European stocks slide
The crisis took its first casualty in the United States as struggling brokerage firm MF Global filed for bankruptcy after taking losing bets on distressed European sovereign debt. In London, the FTSE-100 index of top companies lost 2.77 percent to
Updated: 11/01/2011 01:18A
Ex-guv's brokerage bankrupt
MF Global is the eight-largest US corporate bankruptcy, based on the assets listed in its court filings. Posted: Tuesday, November 1, 2011 12:00 am | Updated: 9:03 pm, Mon Oct 31, 2011. WASHINGTON — MF Global Holdings Ltd., the securities firm run by
Updated: 11/01/2011 01:17A
Here is the latest Massachusetts business news from The Associated Press
(AP) — A Massachusetts energy company that received a $24 million federal stimulus grant and a $43 million federal loan guarantee has filed for bankruptcy protection. Beacon Power of Tyngsboro filed for Chapter 11 protection on Sunday in bankruptcy
Updated: 11/01/2011 01:15A
Second 'stimulated' green firm KO'd
Massachusetts-based Beacon Power Corp., which got a $43 million loan from the Department of Energy, filed for bankruptcy over the weekend -- sparking new questions about the troubled green-energy loan program.
Updated: 11/01/2011 01:15A
Corzine-Led Firm Is Said to Be Eyed on Missing Money
The Federal Reserve Bank of New York and a number of exchanges said they had suspended MF Global from doing new business with them. It was not the first time regulators expressed concerns about MF Global. MF Global confirmed on Monday that the
Updated: 11/01/2011 01:13A
Europe debt claims MF Global
Until Corzine joined Mf Global, the company was known mainly as a dealer in derivatives, investments that are based on the value of some underlying asset. Corzine wanted to build a major investment bank, betting on Europe. One method: Trading for the
Updated: 11/01/2011 01:13A
Hundreds of millions in cash may be missing at MF Global
When accounts don't add up, "there is a whole range of possibilities, everywhere from an accounting error, to a technical glitch, and, of course, one can't rule out misbehavior as a possibility," Duffie said. Corzine and Diana Desocio,
Updated: 11/01/2011 01:10A
Rolex fraud extends to Bujak's wife, trustee says
Pepper Bujak, estranged wife of former Canyon County Prosecutor John Bujak, may lose the option of bankruptcy protection from the more than $1 million in debt she shares with her husband.
Updated: 11/01/2011 01:07A
PRESS DIGEST - Wall Street Journal - Nov 1
MF Global Holdings collapsed into bankruptcy when a potential buyer bolted over a discrepancy of hundreds of millions of dollars in the beleaguered securities firm's books. * Greek Prime Minister George Papandreou stunned Europe by announcing a
Updated: 11/01/2011 01:07A
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